The Android fine was imposed in 2018, a year after the Commission...
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UK’s Cooper warns AI is emerging as decade’s greatest security risk
Yvette Cooper, foreign secretary , UK A recent report for the...
RBI tells Par panel that virtual digital assets like cryptocurrency a threat to economy
The RBI also told the Parliamentary Standing Committee on Finance,...
Anthropic suspends Fable 5, Mythos 5 AI models globally following US govt directive
Fable 5, released Tuesday, is a locked-down version of Mythos 5, a cutting-edge AI model that Anthropic has held back from the public amid concerns that it had unprecedented abilities to identify software vulnerabilites -- or holes in code that hackers could exploit....
Govt clears path for self-driving, safety car technologies to reduce road deaths
The radar sensors let a car gauge safe distances, and drive features such as emergency braking, adaptive cruise control and blindspot warnings, to form a basis for autonomous driving New Delhi:The government has scrapped a licence requirement for radar sensors,...
84% of Indian banking leaders report rising fraud losses, AI-driven threats emerge as major concern: Report
The survey, which covered 1,440 fraud-management, anti-money laundering (AML), and risk and compliance leaders across 25 countries, found that India has emerged as one of the most concerned and heavily impacted markets when it comes to financial fraud and AI-enabled...
India’s ship certifier takes tougher stance on sanctioned tankers
Since 2023, Mumbai-based IRClass has de-classed 235 ships from its registry, mainly oil tankers and also a few gas carriers, the non-profit organisation's Executive Chairman Arun Sharma said. LONDON:India's ship safety certifier is taking a tougher stance on vessels...
India’s Construction Sector: Insurers increase focus on risk and project governance, Aon report
“India remains a dynamic and rapidly expanding construction market within the Asia Pacific region. Large-scale developments face a range of natural hazards, including floods and earthquakes, with increasing focus on robust risk management from the outset. To navigate...
Majority of aviation insurance professionals rank geopolitical instability as the sector’s biggest threat: IUAI survey
"The findings highlight a continued shift towards risks that are systemic, interconnected and often originate outside the aviation sector itself. Geopolitical instability, claims inflation, cyber threats and supply chain disruption all have the potential to create...
Ind AS to boost transparency, governance and capital efficiency in insurance sector: Ajay Seth
Ajay Seth, chairman, IRDAI Seth encouraged insurers to actively leverage the Joint Expert Group on Ind AS, comprising representatives from IRDAI, ICAI, IAI, NFRA and SEBI, as a platform for seeking guidance and resolving implementation-related issues during the...
Anthropic calls for pause of global AI development
The company has faced pushback from others in the industry - and officials in the White House - who say its focus on worst-case scenarios overstates the risks and amounts to a strategy for slowing rivals under the cover of safety concerns. Artificial intelligence...
Global insurance market expected to continue shifting eastward over next decade: Allianz
Overall, the global insurance market is expected to grow at an annual rate of +5.3% over the next ten years, slightly above economic output. Munich:The global insurance market is expected to continue shifting eastward over the next decade, with India and China gaining...
El Niño concerns put Govt on alert, farmers’ interests to be protected at all costs: Shivraj Singh Chouhan
Shivraj Singh Chouhan,Union Minister for Agriculture and Farmers’ Welfare, and Rural Development, directed that in those states and districts where the possibility of low rainfall, long dry spells or relatively higher impact of El Niño exists, special monitoring,...