Reserve Bank of India on Thursday announced to increase the transaction payment limit from Rs. 200 to Rs. 500 for UPI Lite in offline mode. UPI Lite was first introduced in September 2022, allowing users to make transactions for a small amount limit in offline mode. Since then, the feature…
Microsoft and blockchain developer Aptos Labs have come together to use their expertise in bridging the gap between Artificial Intelligence (AI) and the blockchain technology. The buzz around combining Web3 and AI seems to be expanding all over the global tech industry. Nascent in existence, Web3 firms are looking to…
The White House on Wednesday said it had launched a multimillion-dollar cyber contest to spur use of artificial intelligence (AI) to find and fix security flaws in US government infrastructure, in the face of growing use of the technology by hackers for malicious purposes. “Cybersecurity is a race between offense…
Walt Disney has created a task force to study artificial intelligence and how it can be applied across the entertainment conglomerate, even as Hollywood writers and actors battle to limit the industry’s exploitation of the technology. Launched earlier this year, before the Hollywood writers’ strike, the group is looking to…
Meta Platforms on Wednesday introduced its open-source AI tool called AudioCraft that will help users to create music and audio based on text prompts. The AI tool is bundled with three models, AudioGen, EnCodec and MusicGen, and works for music, sound, compression and generation, Meta said. MusicGen is trained using…
US President Joe Biden is planning to sign an executive order to limit critical US technology investments in China by mid-August, according to people familiar with the internal deliberations. The order focuses on semiconductors, artificial intelligence and quantum computing. It won’t affect any existing investments and will only prohibit certain…
Amazon.com‘s cloud division has drawn thousands of customers to try out its service vying with Microsoft and Google in a key area of artificial intelligence, an executive told Reuters. The company also announced new AI tools on Wednesday, including a program for building more conversational customer-service agents, technology access from…
A number of US big tech companies fell on Wednesday as Microsoft‘s results signaled how the high-stakes battle for AI supremacy will cost the tech giants that have seen their shares rally in recent months on hype around the technology. Microsoft’s shares fell 3.6 percent in early trading as the…
Wall Street’s top regulator on Wednesday was poised to adopt new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was being taken to help the investing public contend with the mounting cost and frequency of cyber attacks. The five-member US Securities and Exchange Commission was…
Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, launches on Monday. The project’s core offering is its World ID, an account that only real humans can get. To get a World ID, a customer signs up to do an in-person iris scan using Worldcoin’s ‘orb’, a silver ball…
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