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OpenAI CEO says possible to get regulation wrong, but should not fear it
Sam Altman, CEO,ChatGPT “Models that are like 10,000 times the...
US energy regulator recommends revising reliability standards for extreme weather
FERC said the report recommends completing cold weather reliability...
Aviva to retain China, Singapore businesses after conducting Asian review
London: Aviva Plc, the U.K. insurer that’s overhauling some businesses as part of its chief executive officer’s turnaround plan, is to retain its Chinese joint venture as well as assets in its biggest market, Singapore. The firm will continue...
Microsoft puts Israeli facial recognition startup under ethics microscope
Microsoft itself markets a facial recognition tool and backed a U.S. Senate bill, announced on Thursday, that would require a court order before federal law enforcement could use the technology for targeted, ongoing surveillance.
Allianz partners with Microsoft to digitally transform the insurance industry
“Together, Microsoft and Allianz are offering a solution that combines Allianz’s deep knowledge of the insurance sector with Microsoft’s trusted Azure cloud platform. By delivering an open-source, cloud-based insurance platform and software application marketplace, we will support innovation and transformation across this sector.”
FBI warns on rise in sophisticated Cyber crimes
Partnerships between victims, local law enforcement, the FBI and its field offices overseas, and law enforcement in other countries is critical to combatting this transnational crime, said Loren Cannon, the FBI’s special agent in charge of the Portland office.
Terrorism results in USD 1 trillion loss to world economy: Narendra Modi at BRICS Summit
“According to some estimates, the economic growth of developing nations has decreased by 1.5 per cent due to terrorism,” he said, adding that the scourge has caused USD 1 trillion loss to the world economy
Ransomware attack hits Mexico’s state oil firm Pemex
An internal email seen by Reuters said Pemex was targeted by “Ryuk,” a strain of ransomware that experts say typically targets companies with annual revenue between $500 million and $1 billion.
Boeing says 737 MAX may start flying in January
“In parallel, we are working towards final validation of the updated training requirements, which must occur before the MAX returns to commercial service, and which we now expect to begin in January,” Boeing said.
Australia braces for another week of Devastating Bushfires
While bushfires have been an important part of Australia’s ecology, some scientists have expressed concern that the season is getting longer. The drought gripping parts of Australia has created hazardous conditions in many regional communities, where some residents have complained that insufficient back-burning has taken place during the winter months, leaving a fuel load of fallen trees and undergrowth.
Lloyd’s to create single governing body, merging Council and Franchise Board
The news follows five months of consultation across the Lloyd’s market, with more than 90% supporting the proposal to merge the board into the council and create a single governing body for the Corporation of Lloyd’s and the Lloyd’s marketplace, said Lloyd’s in a statement.
Tencent buys 10% of Policybazaar, enters India insurance market
The Chinese technology giant bought 10% of Policybazaar, half of Tiger Global Management LLC’s stake in the company, the person said, asking not be identified as the matter was not public. The $150 million deal was signed earlier this week, the person added.