Reliance Industries, India’s most valuable company, and Walt Disney signed a non-binding term sheet to merge their Indian media operations, the Economic Times reported on Monday, citing sources it did not name. Under the merger, Reliance would own 51% through a combination of shares and cash, with Disney holding the remaining 49%, giving more control […]

John Sakellariadis / Politico: The US is focusing on blocking North Korea’s ability to launder its crypto stolen via cyberattacks, which the US thinks funds North Korea’s weapons programs  —  The Biden administration is doing more to counter North Korean hackers amid concerns their cryptocurrency heists are powering the country’s weapons programs. Source link

OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above $100 billion, people with knowledge of the matter said, a deal that would cement the ChatGPT maker as one of the world’s most valuable startups. Investors potentially involved in the fundraising round have been included in preliminary

Jeremy White / New York Times: Researchers extract business and personal email addresses for 30+ NYT staff by fine tuning GPT-3.5 Turbo, bypassing the safeguards for privacy-related queries  —  This is a visualization of a large email database from the Enron Corporation, which is often used to train artificial intelligence systems, like ChatGPT. Source link

Over-the-top (OTT) apps or services will not be under the ambit of the newly passed Telecommunications Bill 2023, telecom minister Ashwini Vaishnaw told ET Telecom. The minister’s statement comes days after Parliament passed the new telecom bill that replaces three older laws, including the including the 138-year-old Indian Telegraph Act. Provisions under the new bill reduce

Swetha Gopinath / Bloomberg: Buyout firm Leonard Green agrees to buy a stake in UK-based Iris Software, which makes payroll and HR tools, from Hg in a deal valuing Iris at ~£3.15B  —  Leonard Green will become a co-controlling shareholder of the UK firm alongside Hg, which is reinvesting in the business, according to a

Apple has opened negotiations in recent weeks with major news and publishing organisations, seeking permission to use their material in the company’s development of generative artificial intelligence systems, the New York Times reported on Friday. The iPhone maker has floated multiyear deals worth at least $50 million (roughly Rs. 420 crore) to license the archives

Steven Levy / Wired: An interview with Meta Chief AI Scientist Yann LeCun on open source AI, why AI danger is overhyped, whether AI could produce artistic work that has soul, more  —  It’ll take over the world.  It won’t subjugate humans.  For Meta’s chief AI scientist, both things are true.  —  Do not preach

Parliament on Thursday passed a bill that seeks to allow the government to temporarily take control of telecom services in the interest of national security, and provide a non-auction route for the allocation of satellite spectrum. The Telecommunications Bill, 2023, was approved by the Rajya Sabha through a voice vote. It was passed by the

New York Times: US consumer groups and lawmakers say Klarna, Affirm, Afterpay, and other BNPL services may encourage younger and lower-income Americans to take on too much debt  —  Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk. Source