ITALY AI FUND
Strategic insights flourish at ET Make in India SME Summit’s Kolkata Chapter
Stakeholders, including Bengal cabinet Minister for Heavy Industries and MSMEs, Shashi Panja, entrepreneurs from food product companies, and industry spokespersons from across the terrains of tea, tourism, and leather convened to share dive deep into the way forward, spelling out the sectors/areas that demand attention and more.
G7 Summit commits to promoting India-Middle East-Europe Economic Corridor
At the G7 Summit, the Group of Seven industrialized nations committed to promoting infrastructure projects such as the India-Middle East-Europe Economic Corridor (IMEC), reaffirming a commitment to a "free and open Indo-Pacific." Prime Minister Narendra Modi attended the summit at the invitation of Italian Prime Minister Giorgia Meloni.
Pope Francis becomes the first pontiff to address the Group of Seven nations, talking about AI
Francis addressed the G7 and other invited countries at their annual summit in southern Italy. When he arrived, the room, which had been boisterous with delegations, went quiet as he greeted each of the G7 members and the expanded guest list.
South Korean scientists are now making 'rice with beef cells' to revolutionise how the world eats
South Korean scientists are creating "meaty rice," a novel, protein-infused rice variety, using cultured beef cells to offer an ethical protein source. This innovative rice has a pink hue, contains more protein and fat, and aims to reduce the carbon footprint of protein production.
Pope Francis will be the first pontiff to address a G7 summit. He's raising the alarm about AI
Francis will address G7 leaders on Friday at their annual gathering in southern Italy - a first for a pope. He intends to use the occasion to join the chorus of countries and global bodies pushing for stronger guardrails on AI following the boom in generative artificial intelligence kickstarted by OpenAI's ChatGPT chatbot.
Google’s $350-million Flipkart bet; Canva CEO interview
Ecommerce major Flipkart has closed its nearly $1-billion funding round with Google coming on board. More on this in today’s ETtech Top 5.
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5 world market themes for the week ahead
Markets are hoping for evidence that will solidify a brightening global economic outlook, though rising trade tensions are casting a cloud, while G7 finance ministers gather in Italy.
The YouTube Election: Social media emerges as key player in Indian polls
Dahiya can see people’s enthusiasm reflected in the sudden surge in subscribers over the past month, along with better likes-to-views ratio and a higher number of comments on videos even when the content is critical and not celebratory.
Italy considers tougher penalties for AI-related crimes
The 25-article draft bill lays down general principles "on research, experimentation, development, adoption and application" of AI in Italy, to cope with "the impact on fundamental rights" and related economic and social risks.
Italian state lender to invest 1 billion euros in 5 years in AI
The government in March had announced its intention to set up an investment fund to promote projects in the AI sector, backed by CDP, as part of its broader push, as chair of the G7, to focus on the impact of AI on jobs and inequality.
The Anglo-Saxon brotherhood and its global endgame
After World War II, the Anglo-Saxon brotherhood set the rules for the world order to preserve its neo-colonial hegemony. But the rise of Asia is chipping away at Pax Americana.
Italy to set up AI fund of 1 billion euros, PM Giorgia Meloni says
Backed by CDP Venture Capital, a unit of state lender Cassa Depositi e Prestiti (CDP), the fund could raise a further 2 billion euros from the private sector, the company's chief executive Agostino Scornajenchi said.
Microsoft's deal with Mistral AI faces EU scrutiny
Throughout negotiations of the AI Act, Mistral lobbied for looser rules for some models, with advocates warning that strict rules risked undermining European companies' ability to compete with big tech.
Italy fines first city for privacy breaches in use of AI
Trento was fined 50,000 euros ($54,225) and told to delete all data gathered in two European Union-funded projects. It is the first local administration in Italy to be sanctioned by the GPDP watchdog over the use of data from AI tools.
Major changes in UPI 2023: Increase in transaction limits, UPI Lite X, NPS contributions, other big changes made
With more and more people using the Unified Payments Interface (UPI) to make payments, the Reserve Bank of India (RBI) announced various user-friendly measures during the year 2023. Here is a look at some of the important changes made to UPI during the year.
EU founders and VCs turn to safer shores like AI on slump
European startups are making strides towards developing AI platforms that aim to compete with US-based companies, such as Open AI, in addition to building in areas such as quantum computing, chip design and semiconductors.
Deeptech, AI warm up the tech talk at Slush 2023; and other top tech, startup stories
Slush 2023 saw over 13,000 participants, including 5,000 startup founders and operators, in addition to around 3,000 investors managing a combined total of $3 trillion in assets.
ETtech Exclusive: Google’s Jeff Dean interview; VCs scrutinise corp governance amid rising lapses
Happy Tuesday! In the backdrop of the buzz surrounding Generative AI, Jeff Dean, the chief scientist of Alphabet Inc’s merged AI entities (DeepMind and Google Brain) sat down with ETtech’s editor Samidha Sharma for an exclusive chat at the tech giant’s headquarters in Mountain View, California.
UK's Rishi Sunak discusses AI risks with Kamala Harris at summit before chat with Elon Musk
Sunak organized the first-ever AI Safety Summit as a forum for officials, experts and the tech industry to better understand cutting-edge, "frontier" AI that some scientists warn could pose a risk to humanity's very existence.
UK kicks off world's first AI safety summit
The release of the latest models have offered a glimpse into the potential of AI, but have also prompted concerns around issues ranging from job losses to cyber attacks and the control that humans actually have over the systems.
War, AI and climate change shake up $32 trillion in global trade
A transformation in world trade today is being led various unrelated factors including Artificial Intelligence, the Ukraine-Russia war, and climate change.
View: Indo-US partnership soars on outer space alliance
Indeed, the credit goes to Prime Minister Modi who, during the last nine years, took a series of unorthodox and path-breaking decisions which enabled India to achieve a quantum jump in key areas, as a result of which, for example, the US, which had begun its space journey several years before India, today solicits India as an equal partner in its future endeavours.
France's Mistral AI raises 105 million euros shortly after being set up
The fund-raising highlights the rapid growth of the artificial intelligence (AI) sector as well as Europe's desire to create rivals to Silicon Valley companies such as Microsoft-backed OpenAI and Google's DeepMind.
Sam Altman’s AI regulation pitch, and other top stories this week
Over the last month, Altman has met heads of states and governments of several countries. The latest halt on his whistlestop tour was India, where he met Prime Minister Narendra Modi on Thursday.
AI effect: We’ll get way wealthier and witness a productivity boom, says Sam Altman
Sam Altman, the 38-year-old chief executive of OpenAI, spoke to Times Internet vice chairman Satyan Gajwaniin a chat that covered a vast range of topics.
Canada opens investigation into AI firm behind ChatGPT
The investigation by the Office of the Privacy Commissioner into OpenAI was opened in response to a "complaint alleging the collection, use and disclosure of personal information without consent," the agency said.
What happens when your AI chatbot stops loving you back
Even as generative AI heats up among Silicon Valley investors, who have pumped more than $5.1 billion into the sector since 2022, according to the data company Pitchbook, some companies that found an audience seeking romantic and sexual relationships with chatbots are now pulling back.
RBI mulls UPI charges; Jar hits $300M valuation in Tiger-led funding
The banking regulator's plan to charge fees for UPI transactions comes after complaints from several payment firms.
ApplicateAI in talks with venture capital funds to raise $30 million
The company will use the capital to strengthen its technology and business development team to fast-track growth and scale-up in international markets.
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