South Korean law to regulate AI takes effect

South Korea became the first country to have a wide-ranging law regulating artificial intelligence take full effect on Thursday, including specific provisions targeting deepfakes. The country, home to memory chip powerhouses Samsung and SK hynix, has said it aims to join the United States and China as one of the top three AI powers. “The … Read more

Deepinder handsover day to day management to Albinder Dhindsa

Deepinder Goyal, the founder and Group CEO of Eternal, which runs Zomato and Blinkit, in a letter to the shareholders announced that he is stepping away from the top executive role and handing over the reigns to Albinder Dhindsa. Goyal will move to the position of Vice Chairman He said the decision is driven by … Read more

Emergent raises $70 million as investors double down on vibe coding boom

Emergent has raised $70 million in a fresh round of funding led by Khosla Ventures and SoftBank Vision Fund 2, as the San Francisco-headquartered vibe coding startup looks to bolster its engineering team and expand into the enterprise market. Other investors such as Prosus, Lightspeed, Together, and Y Combinator also participated in the investment round. … Read more

Musk Seeks Up to $134 Billion Damages From OpenAI, Microsoft

Elon Musk wants OpenAI Inc. and Microsoft to pay him damages in the range of $79 billion to $134 billion over his claims that the generative AI company defrauded him by abandoning its nonprofit roots and partnering with the software giant. Musk’s lawyer detailed the damages request in a court filing Friday, a day after … Read more

OpenAI introducing ads to ChatGPT

OpenAI announced Friday it will begin testing advertisements on ChatGPT in the coming weeks, as the wildly popular artificial intelligence chatbot seeks to increase revenue to cover its soaring costs. The ads will initially appear in the United States for free and lower-tier subscribers, the company said in a blog post outlining its long-anticipated move. … Read more

Google blasts past $4 tn: How is it beating rivals?

Google has been the fastest to monetize its AI platforms, signing deals with large enterprises such as Samsung and India’s homegrown oil-to-telecom major Reliance Industries Ltd, among others—its market growth is a clear reflection of these deals. Source link

Deepinder Goyal reveals Zomato delivery partners’ average income amid gig economy debate: Here’s how much they earn

Zomato CEO Deepinder Goyal shared a fact sheet detailing the average income of the company’s delivery partners, among other details, following a recent exchange with popular YouTuber Dhruv Rathee on X (formerly Twitter). The move came after Rathee questioned the company’s pay practices and called for transparency around gig workers’ earnings, prompting Goyal to publicly … Read more