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JBA Risk Management launches new India Crop Model
The new model, which includes more enhanced market data, crops,...
WTW and SOMPO announce global partnership to deploy Radar for its non-life insurance services
Tadashi Yamanaka, executive officer of System at Sompo Direct...
Hacker forum post claims UnitedHealth paid $22 mln ransom in bid to recover data
The break-in at UnitedHealth's Change Healthcare unit, which has sparked disruption across the United States, has been the object of online intrigue. Blackcat claimed last week that it had stolen millions of sensitive records in the hack, only to quickly delete its...
Malayan Insurance enhances Natural Catastrophe Analytics with Moody’s RMS Risk Modeler
Andrew Hare, managing director, APAC, Moody’s RMS, said: “We are delighted to partner with Malayan Insurance as they adopt Risk Modeler. In navigating the complexities of a rapidly evolving market, (re)insurers require deep insights that offer faster analytics, deeper...
European regulators crack down on Big Tech
The tech giants have been preparing ahead of a Wednesday deadline to comply with a new European Union law intended to increase competition in the digital economy. The law, called the Digital Markets Act, requires the biggest tech companies to overhaul how some of...
Apple fined nearly USD 2 billion by the European Union over music streaming competition
Apple banned app developers from ''fully informing iOS users about alternative and cheaper music subscription services outside of the app'', said the European Commission, the 27-nation bloc's executive arm and top antitrust enforcer The European Union levelled its...
Govt launches Chakshu to report fraud calls, phone number leaks by firms
Union IT and Communications Minister Ashwini Vaishnaw said that through digital measures to check fraud and crime, the Department of Telecom Services has been able to help citizens save around Rs 1,000 crore in the last nine months and Rs 1,008 crore has been frozen...
AI advisory applicable on big platforms, not on start-ups: MoS IT Chandrasekhar
''Advisory is aimed at the significant platforms and permission seeking from Meity is only for large platforms and will not apply to startups. Advisory is aimed at untested AI platforms from deploying on the Indian Internet,'' Minister of State for Electronics and IT...
Malaysia may renew search for lost MH370 decade after it vanished
MH370 vanished on March 8, 2014, on its way to Beijing from Kuala Lumpur with 239 people on board. Investigators concluded the plane deliberately left its planned flightpath, looped back over Malaysia and headed out to sea Malaysian authorities are considering...
Social media platforms need Govt nod to launch AI models in India
"It is reiterated that non-compliance to the provisions of the IT Act and/or IT Rules would result in potential penal consequences to the intermediaries or platforms or its users when identified, including but not limited to prosecution under IT Act and several other...
App delisting cannot be permitted: Minister Vaishnaw on Google-Indian startups row
"I have already called Google…I have already called the app developers who have been delisted, we will be meeting them next week. This cannot be permitted..This kind of delisting cannot be permitted," IT and Telecom Minister Ashwini Vaishnaw asserted New Delhi: Taking...
AI: Firms face growing list of lawsuits
Elon Musk,CEO, Tesla Elon Musk became the latest power player to sue OpenAI, alleging the company and its chief executive officer, Sam Altman, have strayed from their original mission by prioritizing profit over the benefit of humanity. Artificial intelligence firms...