RBI releases draft framework for recognising FinTech SROs The Reserve Bank of India on Monday released a ‘draft framework for recognising Self-Regulatory Organisations (SRO) for FinTech Sector’, stating the characteristics of a FinTech SRO, including the required functions and governance standards. RBI stated that self-regulation within the FinTech sector is a preferred approach for achieving the desired balance. According to ...
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Tech firm Baidu denies report that its Ernie AI chatbot is linked to Chinese military research
Tech firm Baidu denies report that its Ernie AI chatbot is linked to Chinese military research Technology company Baidu on Monday refuted a newspaper report that said its artificial intelligence chatbot Ernie was linked to Chinese military research. Hong Kong newspaper South China Morning Post on Friday cited an academic paper from a university affiliated with the People’s Liberation Army ...
Read More »Musk wants 25% voting control at Tesla before fulfilling AI goal
Musk wants 25% voting control at Tesla before fulfilling AI goal Elon Musk, CEO, Tesla Tesla CEO Elon Musk said on Monday he would be uncomfortable growing the automaker to be a leader in artificial intelligence and robotics without having at least 25% voting control of the company, nearly double his current stake. Musk said in a post on social ...
Read More »AI and climate change threaten nearly half the world’s businesses
AI and climate change threaten nearly half the world’s businesses Almost half of global chief executives said their business models won’t be viable within a decade due to the pace of technological advances such as AI and climate pressures, according to a survey. PricewaterhouseCoopers’ poll of 4,702 company leaders around the world found that 45% said their businesses could fail ...
Read More »AI likely to weaken global economy in 2024: Chief economists
AI likely to weaken global economy in 2024: Chief economists More than 50% of global chief economists expect the world economy to weaken in 2024, as it grapples with tight financial conditions, geopolitical tension and rapid advances in generative artificial intelligence (AI). The Chief Economists Outlook released by the World Economic Forum (WEF) on Monday said about 70% of the ...
Read More »Kyivstar may need weeks to restore all services after cyber attack: CEO
Kyivstar may need weeks to restore all services after cyber attack: CEO Ukraine’s biggest mobile operator Kyivstar may need several weeks to reinstate all its services after a massive cyber attack, though major services could be restored by the end of this week, the company’s CEO Oleksandr Komarov said on Thursday. Tuesday’s attack on Kyivstar, which counts more than half ...
Read More »Austrian activist Schrems broadens Meta privacy complaint
Austrian activist Schrems broadens Meta privacy complaint Privacy activist Max Schrems’ advocacy group Noyb on Thursday expanded its complaint about Meta Platforms’ paid no-ads subscription service as it urged Austrian authorities to investigate the difficulty users face in seeking to avoid being tracked. In November, Noyb had told the Austrian Data Protection Authority that Meta’s no-ads subscription service launched in ...
Read More »Widening disparities, growing threats cloud global cybersecurity outlook: WEF
Widening disparities, growing threats cloud global cybersecurity outlook: WEF An average of eight in ten top business executives globally feel more or as exposed to cybercrime than they did last year, a new survey showed on Thursday. The World Economic Forum’s Global Cybersecurity Outlook 2024 report, prepared in collaboration with Accenture, also flagged threats posed by AI-generated deepfakes to spread ...
Read More »48% were unable to recover their data even after adopting data protection measures: Report
48% were unable to recover their data even after adopting data protection measures: Report Dell Technologies released the latest edition of its Global Data Protection Index (GDPI) Cyber Resiliency Multicloud Edition which brings into focus the threat of cyberattacks, the rise of generative AI and its impact, and the ongoing expansion into multicloud environments while highlighting how cyber threats continue ...
Read More »A congregation of India’s top CISOs and security guardians
A congregation of India’s top CISOs and security guardians Enterprises need to secure, innovate, defend, and lead all at once. ETCISO Secufest 2024 presents the opportunity to learn how you can deliver on each of these fronts with the most proven best-in-class security mechanisms. The most keenly awaited security conclave in the ICT ecosystem is just around the corner ...
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