Digit

    New Zealand to press ahead with media content pay law

    New Zealand's government is pushing for a bill to make digital platforms pay media companies for news. The legislation, aligned with Australia's law, could affect companies like Meta Platforms and Alphabet Inc. The bill's authority will be supervised by an independent regulator, supported by the Labour party but facing opposition from the ACT New Zealand party.

    Google to require disclosures for digitally altered content in election ads

    OpenAI, led by Sam Altman, disrupts covert influence operations through identifying deceptive AI activities, contributing to a crackdown on misinformation in elections.

    Hyperscalers host EkStep digital public goods, build AI bot

    Tech giants Amazon Web Services (AWS) and Google Cloud are providing cloud storage and services to make the digital public goods (DPGs) created by non-profit EkStep Foundation available online. They are also collaborating to develop an AI-based virtual assistant for the foundation.

    EU accuses Meta of breaking digital rules with paid ad-free option

    Meta introduced a no-ads subscription service for Facebook and Instagram in Europe last November. The company stated that users who agree to tracking receive a free service supported by advertising revenue, while those who opt out can choose to pay to keep their data private.

    Govt websites, apps set to get an accessibility reboot soon

    The ministry of electronics and information technology will anchor this project and suggest ways to improve page and website loading times, have better user interfaces on websites and apps, and make them more accessible for people with disabilities, an official said.

    Why the Digital Competition Bill has started a polarising debate in the tech industry

    India’s Digital Competition Bill has turned previous foes in the tech industry into unlikely allies and sparked a polarising debate on market practices. The Committee on Digital Competition Law (CDCL) on February 27, submitted its report to the ministry of corporate affairs (MCA) after working on it for more than a year.

    Indonesia data hit by cyberattack not backed up, officials say

    Indonesia experienced a significant cyberattack that affected over 230 public agencies, including ministries, causing disruptions to various government services such as immigration and operations at major airports. The attackers demanded an $8 million ransom to retrieve the encrypted data, but the government chose not to pay the ransom and instead focused on restoring services and strengthening cybersecurity measures to prevent future incidents.

    No more licensed biz, Paytm to focus on distribution model

    Digital payments major Paytm wants to stay away from getting into any regulated businesses and would rather focus on building distribution heft. The senior leadership have taken a conscious call to not go after regulatory licenses but rather work with licenced entities and distribute products better.

    ONDC to touch 10 million transactions in June: official

    Shireesh Joshi, ONDC's president said the company will touch 10 million transactions in June. " We are growing strong, adding about one million transactions month-on-month," he added. Joshi expressed hope that ONDC will surpass major ecommerce players like Flipkart and Amazon in future.

    Govt plans to set up centre of excellence for R&D work in DPIs, DPGs

    Private institutions, universities, and colleges play a vital role in developing applications on digital public infrastructure, fostering innovation in the digital public goods sector globally.

    Madras HC delivers shot in the arm for online pharmacies

    In a shot in the arm for epharmacies, the Madras High Court overturned a previous ruling by a single-judge bench restricting online platforms like Tata 1mg, PharmEasy, Netmeds, and Practo from engaging in the digital trade of medicines.

    Tata funds pause is no 'debt-errent' at 1mg, BigBasket

    BigBasket and 1mg–two of the biggest digital assets of Tata group–are choosing debt over equity for expansion in a critical year for them. As Tata Sons hits a pause on funding its ecommerce business, the two platforms are opting for debt for capex this financial year.

    Citing overlaps, experts seek rejig of Digital Competition Bill

    The ministry of electronics and information technology continued discussions on the digital competition bill with think tanks and industry bodies raising concerns about foreign regulation approaches. The impact on startups and overlap with existing laws were highlighted.

    ‘With Beckn-ONIX, users can build an open network in minutes’

    A new open-source stack called Beckn-ONIX (Open Network in a Box) makes it possible to deploy and configure Beckn-enabled networks in just minutes. This virtual appliance simplifies deployment and configuration, accelerating the creation of open networks across various industries, from agriculture and energy to healthcare and ecommerce.

    Cyber attack compromised Indonesia data centre, ransom sought: report

    Indonesia's communication ministry on Monday said, the attack disputed some government services, most notably at aiports though automated machines were not functional. The Lockbit cybercrime group is notorious for using malicious software called ransomware to digitally extort its victims. They used a new variant of existing malicious software called Lockbit 3.0.

    Apple's App Store rules breach EU tech rules, EU regulators say

    The European Commission, functioning as both the EU's antitrust and technology regulator, announced that it has forwarded its initial findings to Apple after launching an investigation in March. Additionally, the EU executive revealed that it is also opening an inquiry into the iPhone maker concerning its updated contractual terms for third-party app developers and app stores.

    Apple delays rollout of AI features in Europe

    Apple on Friday said it would delay the rollout of its recently announced AI features in Europe because of "regulatory uncertainties" linked to the EU's new landmark legislation to curb the power of big tech. Apple earlier this month unveiled "Apple Intelligence," its suite of AI features for its coveted devices as it looks to reassure users that it is not falling behind on the AI frenzy.

    PhonePe in talks with top smartphone brands to pre-install Indus Appstore

    PhonePe launched its own Android-based app store, challenging Google's billing policy and commissions. It onboarded popular apps and gaming majors, offering zero listing and platform fees.

    Fino Payments Bank eyes tripling digital banking revenue share by FY25

    Fino Payments Bank sees an opportunity in the digital banking space after Paytm Payments Bank's exit. To capitalise on this, they're ramping up their digital offerings, aiming to grow their digital revenue share from 5-6% in FY24 to 15% this fiscal year. Since December, Fino has deployed around 14,000 QR codes which reported 300,000 transactions valued at Rs 33 crore.

    SAS India business to grow faster than other markets, top executive says

    The company aims to upgrade its 400-odd customers to its generative AI platform SAS Viya over the next one year, Riad Gydien, executive VP and chief sales officer at SAS, told ET.

    Global audiences suspicious of AI-powered newsrooms, report finds

    Newsrooms globally are working to address a new challenge with generative artificial intelligence, as tech giants and startups like Google and OpenAI build tools that can offer summaries of information and siphon traffic from news websites.

    Data storage cos in a sweat over need to stay cool

    Data centers in western and northern India are facing rising operational costs due to soaring temperatures. Firms like Yotta and CtrlS are using alternative cooling methods and renewable energy, while ESDS reports a 10-12% rise in power costs due to erratic grid supply. Several of these data centres are located in New Delhi, Haryana, Noida.

    Google loses bid to end US antitrust case over digital advertising

    Google had argued for a win without a trial, saying that antitrust laws do not block companies from refusing to deal with rivals and that regulators had not accurately defined the ad tech market.

    New govt to build on past success in tech; more initiatives in offing, says IT Secretary

    NDA set to form government for a third term, IT Secretary S Krishnan discusses tech initiatives. Meity to continue new initiatives, build on past successes.

    Judge rules Google will not face jury trial in US digital ads case

    Google avoids jury trial by paying $2.3 million to U.S. government for alleged digital advertising dominance, preventing the first-ever civil antitrust case jury trial by the Justice Department and states suing the tech giant.

    MeitY to discuss digital competition bill draft with industry associations

    The government is holding meetings to address concerns about the draft Digital Competition Bill, which proposes obligations for big tech companies in core digital services under a new category of systemically significant digital enterprises.

    Paytm reports almost flat growth in UPI payments in May

    After RBI restricted Paytm Payments Bank, the UPI transactions on the Paytm app fell. This is the first month the fall has been arrested since February. In terms of the share of UPI payments by volume, Paytm stood at around 8.1% in May — almost at the same level as the previous month.

    RBI sets up panel to track online payment frauds; AP Hota to head committee

    Along with Hota, representatives of NPCI, State Bank of India, HDFC Bank and ICICI Bank have been made members of the committee. The platform will establish operational guidelines for the proposed processes, determining the extent of data to be provided by reporting entities such as banks and fintechs. The committee will be responsible for defining these guidelines.

    A realistic way to protect kids from social media? Find a middle ground

    Ahmed Othman, a teenager from Massachusetts, avoids TikTok and credits his parents, computer scientists, for teaching him about social media's impact on mental health. He is among the minority of teens not on TikTok, as per Pew Research Center data.

    NPCI, Peru central bank ink pact to build UPI-like payments system

    The partnership makes Peru the first South American nation to adopt NPCI’s technology. It will enable BCRP to facilitate instant payments between individuals and businesses within Peru, and expand the usage of digital payments among the country’s large unbanked population.

    Govt may release DPDP rules for public consultation before start of Parliament session

    The DPDP Act, passed in August, aims to have administrative rules notified within a year to ensure compliance. The Act focuses on personal data collection, processing, and storage, marking India's first regulation on digital personal privacy. The rules are crucial for data protection, stakeholder engagement, and regulatory enforcement.

    RBI, payment industry meet discusses contours of new draft PA guidelines

    The digital payments industry representatives met with senior officials of the Reserve Bank of India to share their feedback on the recently released draft guidelines for payment aggregators. This comes when US payment giant Stripe seems to be withdrawing from the domestic payments market in India.

    Adani One superapp clocked gross sales of Rs 750 crore in FY24

    According to the 2023-24 annual report of the Ahmedabad-based conglomerate's flagship company Adani Enterprises, the user base of the superapp grew to 30 million at the end of the financial year. The company aims to expand the superapp's customer base to 400 million by 2030. Adani group is also in discussions with Paytm for potentially acquiring a stake in the fintech firm.

    Social media bans distract from real issue

    Governments in Australia are considering social media bans for children under 14 or 16, supported by Prime Minister Anthony Albanese. They plan to trial age verification technology with a $6.5 million commitment. However, bans may hinder open discussions about children's online activities with trusted adults, diverting attention from improving digital experiences for children.

    Data protection, AI rules top tech’s wishlist for next govt

    Technology policy lawyers, think tanks and policy groups are making a list of priority items for the new leadership at the IT ministry after the results of the general elections. The Digital Personal Data Protection (DPDP) Rules seem to top the list, along with regulation of AI and the Digital India Bill.

    ChatGPT meets Beckn in FIDE’s AI agent BecknGPT

    The AI agent, Beckn Generative Pre-trained Transformer or BecknGPT, is an open-source demonstration app over Open AI’s ChatGPT.

    UPI transactions scale 14 billion peak in May

    The record high transactions come after a month-on-month dip in volumes in April to 13.3 billion, with the network dropping 1% from 13.44 billion in March. In May, the average daily transaction value was Rs 65,966 crore with average daily volumes at 453 million. UPI is the fastest growing digital payments channel in the country.

    IAMAI view on draft Digital Law not shared by all constituents: four members tell MCA

    Four members of IAMAI, including Bharat Matrimony, Match Group, Hoichoi, and ShareChat, express divergent views on ex-ante regulation in the draft DCB to the Ministry of Corporate Affairs.

    Meta hit with privacy complaints over AI plans

    A Vienna-based privacy group filed complaints against Meta in 11 European countries over unlawful AI data use. Microsoft announced a $3.2 billion AI investment in Sweden over two years, AMD unveiled new AI chips to challenge Nvidia, and Cisco plans a $1 billion investment in AI startups for secure AI services.

    Indian AI firms may face extra costs as EU’s AI Act kicks in

    The European Union wrapped up approval of the world's first law governing AI development last week. This legislation takes a tiered approach, setting varying compliance timelines and regulations based on the potential risk each AI system poses. Generally applicable AI will have a year to comply, while high-risk systems get up to three years.

    Jio Financial Services launches app to take on its fintech rivals

    Jio Finance will offer UPI payments, bill payments, insurance advisory and digital banking. Eventually Jio Financial Services will offer credit products like loans against mutual funds, home loans and others to its customers through the app.

    IPOs of Flipkart, PhonePe could take couple of years: Walmart executive

    Walmart's Flipkart marketplace and PhonePe digital payments platform could have IPOs in the next couple of years, as stated by Walmart's executive, Dan Bartlett.

    Google Cloud, EkStep Foundation partner to accelerate adoptions of Digital Public Infrastructure

    The company statement said this will enable proof of concepts for creating and enhancing DPGs and DPIs, and identify Google Cloud products relevant to DPI adoption.

    ByteDance plans $2.1 billion investment in Malaysia for AI, minister says

    As part of the deal, the latest in a number of global tech companies expanding into Southeast Asia, ByteDance will also expand its data centre facilities in Malaysia's Johor state through an additional 1.5 billion ringgit investment, Investment, Trade And Industry Minister Tengku Zafrul Aziz said.

    Meta hit with privacy complaints in Europe over AI plans

    A Vienna-based privacy campaign group filed complaints in 11 European countries against Meta on Thursday, saying the global tech giant's planned privacy policy change would allow "unlawful" use of personal data for artificial intelligence technology. Through the complaints, the group asks data protection authorities in the 11 European countries to stop Meta's new privacy policy before it enters into force in late June and fully investigate it.

    EU in touch with Telegram as it nears criterion for EU tech rules

    The Digital Services Act (DSA) which kicked in last year applies to all online intermediaries and platforms, but with tougher obligations on Big Tech to do more to police illegal and harmful online content on their platforms.

    $250K funding for ONDC hackathon topper firms

    The Build for Bharat initiative was started in New Delhi in December last year in collaboration with the government’s Startup India platform, Google Cloud India, Antler in India, Protean and Paytm. It was organised in more than 50 cities with experts, leaders, venture capitalists and incubators onboard.

    EU industry chief urges US to pass new tech rules, foster shared digital market

    EU's industry chief calls for new tech regulations for global digital market. Leading in tech regulation with DMA and AI Act. U.S. facing antitrust lawsuit against Apple by Department of Justice.

    Adani Group plans ecommerce, payments ventures: FT report

    Adani Group is considering applying for a license to operate on India's public digital payments network and planning a co-branded credit card with banks, aiming to enter the booming digital payments market.

    Cashfree Payments appoints Abhaya Hota as independent director

    Abhaya Hota has previously served as an Independent Director at Federal Bank, NSE Clearing, Protean e-Gov Technologies and RBI Innovation Hub. Cashfree Payments plans to leverage Hota's experience and expertise to develop innovative products and services.

    PhonePe, BharatPe settle legal dispute over 'Pe'

    The legal battle began in 2018 when PhonePe issued a legal notice to BharatPe, asking the latter to stop using 'Pe' in Devanagari script in their brand name.

    From phones to fries: Flipkart users may soon be able to order food via ONDC

    Flipkart users may soon be able to order from various fast-food outlets and restaurants, such as Dominos and McDonalds, from Flipkart app. This development is noteworthy because the government started ONDC to counter the dominance of Amazon and Flipkart. Recently several top Flipkart executives met ONDC officials for the integration.

    Airlines, hotels, retailers fear being left out in Google's search changes

    Airlines, hotels, and retailers urge EU tech regulators for fair treatment in Google's compliance with DMA regulations. Concerns raised about revenue impact as Google's response focuses on changes favoring large intermediaries and aggregators, with ongoing investigations by the Commission.

    Go Digit General Insurance IPO subscribed 9.6 times

    The Bengaluru based insurtech startup saw the retail portion subscribed 4.3 times, non institutional investors subscribed 7.2 times while qualified institutional buyers subscribed to the IPO 12.5 times. The Fairfax backed startup is looking to go public at a valuation of $3 to $3.2 billion

    Japanese crypto exchange says lost $300 million bitcoin in 'leak'

    Japanese crypto exchange DMM Bitcoin said it had lost bitcoin worth around $300 million in what it described as "an unauthorised leak" from its digital wallet. DMM Bitcoin said the amount of the "leak" was about 48.2 billion yen ($300 million), which equals to 4,502.9 bitcoins.

    Temu will have to comply with tougher EU online content rules, EU says

    Temu, a fast-fashion e-commerce retailer under the PDD Group, is required to comply with strict EU online content rules as a very large online platform (VLOP) under the Digital Services Act (DSA), facing penalties of up to 6% of their global annual turnover for violations.

    Digit Insurance IPO's retail portion fully subscribed; key highlights of the offering

    The retail portion of Digit Insurance's IPO was fully subscribed at 1.45pm. The company had reserved 9.6 million shares for retail investors in the issue that opened on Wednesday. The Rs 2,615-crore IPO comprises a fresh issue of Rs 1,125 crore and an offer for sale component of up to 54.7 million shares.

    Reliance Retail starts ONDC pilot via retail platform Fynd

    Reliance Retail, a subsidiary of Reliance Industries, has begun testing the government's Open Network for Digital Commerce (ONDC) through Fynd, an omnichannel retail platform in which Reliance holds an investment.

    Offline stores are trending as new set of D2C firms emerge

    Investors and startup founders are noticing a trend: D2C businesses across various sectors, like fashion, electronics, and food and beverage, are opening physical stores (going offline) even after their initial funding round.

    RBI unveils final guidelines for fintech SRO

    The RBI had unveiled draft guidelines in January this year, following which industry participants sent in their responses. The regulator wants the SRO to be truly representative of multiple participants across the fintech space.

    India to be $1 trillion digital economy by FY28: IT minister Rajeev Chandrasekhar

    The government earlier expected India to reach the $1 trillion-mark by 2026-27 but the target has been moved by a year due to various reasons, including the Covid-19 pandemic, IT minister Rajeev Chandrasekhar said.

    Venture capital funding in crypto rises to $2.4 billion: PitchBook

    ​​Funding was spread across 518 deals and rose by 40.3% from the previous quarter, according to data firm PitchBook. Global venture capital investments dropped to a near five-year low in the same period.

    Google cuts mystery check to US in bid to sidestep jury trial

    Google disclosed the payment, but not the amount, in a court filing last week that said the case should be heard and decided by a judge directly. Without a monetary damages claim, Google argued, the government has no right to a jury trial.

    Jupiter Money launches new savings feature for millennial users

    Magic Spends allows investment of a predetermined amount every time a user of the company’s eponymous mobile app makes a transaction. The investment goes into digital gold and mutual funds.

    Exclusive: Tata Digital CEO Naveen Tahilyani sets up new team

    Tata Digital CEO Naveen Tahilyani is rejigging the executive team for the conglomerate's super app, Tata Neu. This comes as several senior members of the team exited. Most of the positions at Tata Digital have been replaced with existing team members. The focus will now be on the loyalty programme, called NeuPass.

    Elon Musk's Neuralink seeks to enroll three patients in brain implant study

    Neuralink, Elon Musk's brain-chip company, is conducting a study to evaluate its device for paralyzed patients to control digital devices through thoughts alone, facing criticism for lack of study information sharing.

    New PoS deployment grows at slowest pace since demonetisation: RBI data

    Industry insiders told us that while new PoS terminals are still being deployed, it’s mostly in organised and large format retail, which offer all payment forms. However, grocery shops, smaller stores and eateries are tilting towards QR code-based UPI transactions.

    Draft digital competition bill will make business untenable: IAMAI

    Ex-ante regimes tell businesses precisely how to behave, or what to do. Under the current ex-post regime of the Competition Act, companies are only required to ensure that their conduct in the market is not anti-competitive. An overlapping ex-ante regime proposed under the digital competition Bill will force tech companies to comply with parallel legislation and undertake measures for additional compliance, the IAMAI said.

    Google, Amazon, Apple lobby group opposes India's EU-like antitrust proposal

    India is drafting a new competition law to target big digital firms, with a U.S. lobby group urging a rethink to avoid potential business impacts.

    Go Digit General Insurance raises Rs 1,176 crore in pre-IPO funding

    Fidelity, Goldman Sachs, ADIA, Steadview Capital, SBI MF, ICICI Prudential MF and Axis MF are among the anchor investors that participated. Digit Insurance has set a price band of Rs 258 to Rs 272 per share for its initial public offering, which opened on Wednesday, seeking a valuation of $3-3.2 billion.

    UPI growth 2.0: Efforts on to crack DBT code

    UPI user base has been hovering around 300 million for some time; RBI, banks are trying to push up this number.

    Centre plans a unified portal for all digital public goods

    In a move to streamline access, the government is developing a central platform to house all its digital public goods (DPGs). This one-stop portal aims to simplify citizen interaction with services like Aadhaar, UPI, and ONDC.

    Indian crypto investors take illegal routes to avoid tax burdern

    Peer-to-peer trading through escrow services on banned crypto exchanges has increased five times during weeks of high trading volume in March and April, according to a study conducted by Delhi-based policy think tank Esya Centre.

    Strong financials, steady growth will help Digit’s public listing sail through: Kamesh Goyal

    Insurance startup Digit is set to hit the public markets on May 15, looking to raise Rs 1,125 crore through a fresh issue of shares and an offer for sale of 54 million equity shares.

    Paytm withdraws general insurance licence application; to focus on distribution-only model

    Troubled fintech Paytm will increase focus on insurance distribution. It had earmarked Rs 950 crore to invest in the entity applying for the general insurance licence but it now expects to conserve that cash. The Noida-headquartered company will focus on distributing small ticket-size insurance products such as life, health, motor, shop and gadgets.

    Rumble sues Google over digital advertising practices

    The suit alleges Google has monopolized the ad stack "by buying companies up and down the chain, concurrently representing both ad buyers and sellers, while also running the exchange that connects those parties."

    Pine Labs ties up with largest bank in Dubai, set to offer payment solution

    Emirates NBD will offer Pine Labs' newly launched credit issuing platform to deliver merchant acquiring solutions for its corporate and institutional clients, initially in the United Arab Emirates, then across the Kingdom of Saudi Arabia and Egypt.

    Digit to go public on May 15, looking to raise Rs 1,125 crore

    Digit's upcoming IPO on May 15 aims to raise Rs 1,125 crore, delayed by Sebi compliance issues. Valued at $4 billion, Digit faced fines from IRDAI. With a new CEO, Digit is poised to enter the market.

    AI adoption in key Indian sectors touches 48% in FY24

    A Teamlease Digital study revealed high AI adoption in pharma and healthcare (52%), followed by FMCG and retail (43%). Manufacturing (28%) lagged behind, while infrastructure & transport (20-22%) and media & entertainment (10-12%) saw the least adoption.

    KukuFM, Shaadi and IBDF appeal NCLAT against CCI’s interim order in Google Play Store case

    Google given a week to respond to appeals against CCI order by KukuFM & IBDF. Startups accuse Google of discriminatory fees. The tribunal will address the matter on May 24.

    EU demands clarity from Microsoft on AI risks in Bing

    Generative AI is one of the risks identified by the commission for the integrity of electoral processes, in particular for the upcoming European Parliament elections in June.

    Google Wallet is now available for Android users in India

    It is different from Google Pay app which helps manage money and finances.

    Old guard is out as Tata Digital’s new CEO revamps deck

    Tata Digital undergoes significant senior management changes under CEO Naveen Tahilyani, impacting the team behind Tata Neu superapp. Several executives from the original team that launched supperapp have now left.

    Five lakh sellers onboard ONDC so far: DPIIT secy

    Asked if big startups would overshadow smaller players, DPIIT secretary Rajesh Kumar Singh said it will increasingly get traction for all types of players that comes to the ecommerce marketplace.

    Brazilian payment company Ebanx set to start India operations with Yes Bank

    Ebanx helps nearly 300 brands process payments in multiple countries across Latin America and Africa. It now wants to enter India, which will be its first market in Asia. It will offer payments infrastructure for global brands looking to sell to Indian consumers, who can use Ebanx to pay through the local currency and by using local payment methods.

    China tech giant Alibaba posts modest yearly revenue growth

    Chinese ecommerce giant Alibaba announced Tuesday a modest increase in annual revenue, at a time when the firm pursues a major overhaul and regulatory curbs on the country's tech sector are relaxed. Fellow internet giant Tencent posted weakened revenue growth in the first three months of this year, also on Tuesday.

    Blinkit turns adjusted Ebitda positive in March; eyes 1,000 dark stores by FY25 end

    Blinkit, a quick-commerce platform owned by Zomato, is on the path to profitability. The company achieved positive adjusted Ebitda for the first time in March.

    Google Cloud to offer cloud solutions to Airtel customers

    "We are happy to partner with Google Cloud and jointly address this market opportunity with secure and scalable Cloud solutions for government, enterprises, and emerging businesses," Bharti Airtel Managing Director and Chief Executive Officer Gopal Vittal said.

    British newspaper groups warn Apple over ad-blocking plans: report

    British newspaper groups caution Apple about the 'web eraser' tool, expressing concerns over its impact on journalism's financial sustainability. NMA requests a meeting to address potential implications on editorial integrity.

    The rise of Finternet: an interconnected network of financial ecosystems

    A new model proposed by Nandan Nilekani and Agustín Carstens envisages multiple financial ecosystems interconnected with each other. Multiple financial ecosystems interconnected with each other is called Finternet, the building blocks of which combine technological advances with sound governance. The framework proposes using technologies such as tokenisation and unified ledgers.

    Ola's Bhavish Aggarwal snaps ties with Microsoft Azure in stand against Western tech

    Bhavish Aggarwal has criticised LinkedIn for deleting his posts without notification. He also flagged the Microsoft-owned professional networking platform's AI tool for imposing a political ideology on Indian users, emphasising that his opinions cannot be erased. ​Aggarwal's protests drew support from peers such as Unacademy founder Gaurav Munjal, as well as several other users of LinkedIn.

    Microsoft hit with $242 million US verdict in Cortana patent lawsuit

    Microsoft ordered to pay $242 million to IPA for infringing IPA patent with Cortana. IPA under Wi-LAN. Lawsuit filed in 2018. Microsoft denies infringement. IPA also sued Google and Amazon.

    Elon Musk's X Corp loses lawsuit against Israeli data-scraping company

    X Corp's legal battles over copyright violations against data-scraping companies were dismissed by Judge Alsup, raising concerns about monopolistic information control and copyright ownership in public data use.

    After tennis, Infosys Topaz to drive AI-led innovation of Formula E racing

    Infosys partners with ABB FIA Formula E as digital innovation partner, aiming to engage 500 million fans by 2030. The collaboration focuses on fan engagement, sustainability, and technology innovation, including AI-powered insights and real-time data.

    Paytm app launches auto-rickshaw booking feature via ONDC

    Paytm introduces auto-rickshaw booking on its app through ONDC and Namma Yatri for users in NCR, Bengaluru, and Chennai. ONDC tab includes food, groceries, and rides. Pai Platforms facilitates the service with significant mobility transactions.

    Paytm Paytments Bank moves bill pay business to Euronet India

    Paytm Payments Bank transitions bill payment operations to Euronet Services India, impacting commission revenue. Senior executives resign amidst business challenges, influencing OCL's performance in the market.

    BHIM looks to bulk up with ONDC to take on digital payment heavyweights

    NPCI-built app to foray into ecommerce space via separate division. Despite marketing challenges, BHIM aims to improve user experience through partnerships and new initiatives like BHIM 2.0.

    FTX files amended reorganization plan, expects $14.5 billion-$16.3 billion for distribution

    FTX said it has anticipated the figure based on monetizing assets, most of which were investments owned by Alameda Research, a crypto-focused hedge fund controlled Sam Bankman-Fried, FTX Ventures businesses, and litigation claims.

    AI boom set to fuel data centre deals in Asia this year

    The intense pace of deals in the world's most populous region comes as countries and companies respond to booming demand for AI, calling for more data capacity, industry executives said.

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