For Indian regulators seeking to crack down on potential fraud in the financial sector, Paytm may just be the beginning. India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank Group. While the Paytm case
An investigation into possible foreign exchange violations at Paytm Payments bank by India’s financial crime fighting agency has not yet found any breaches, a government source directly aware of the matter said on Monday. Last week, India’s Enforcement Directorate announced the investigation into overseas transactions by Paytm Payments Bank, a unit of One 97 Communications,
A group of 20 tech companies announced on Friday they have agreed to work together to prevent deceptive artificial-intelligence content from interfering with elections across the globe this year. The rapid growth of generative artificial intelligence (AI), which can create text, images and video in seconds in response to prompts, has heightened fears that the
India’s banking regulator doesn’t intend to impose drastic measures on the country’s fintech sector, a senior official said, weeks after it stunned investors by abruptly suspending much of the operations of Paytm Payments Bank, founded by high-flying billionaire Vijay Shekhar Sharma. There are “no harsher measures coming on fintech,” P. Vasudevan, an executive director in
OpenAI, the company behind ChatGPT, introduced its first artificial intelligence (AI)-powered text-to-video generation model Sora on Thursday. The company claims it can generate up to 60-second-long videos. This is longer than any of its competitors in the segment, including Google’s Lumiere, which was unveiled last month. Sora is currently available to red teamers, cybersecurity experts
Google and Meta made notable artificial intelligence (AI) announcements on Thursday, unveiling new models with significant advancements. The search giant unveiled Gemini 1.5, an updated AI model that comes with long-context understanding across different modalities. Meanwhile, Meta announced the release of its Video Joint Embedding Predictive Architecture (V-JEPA) model, a non-generative teaching method for advanced
Google has reportedly expanded testing for its Duet AI artificial intelligence (AI)-powered real-time collaborator for Google’s online services including Gmail, Google Docs, Google Drive, Google Sheets, and Google Slides. Duet AI was first unveiled by the tech giant during the Google I/O 2023, and since then it has been in a closed testing phase. Before
Google is introducing a new security feature for Android smartphones designed to keep users safe from malicious links while using apps on their handsets. The ‘Android Safe Browsing‘ feature supports third-party apps and will alert users when they access harmful links or websites, according to Android expert Mishaal Rahman. The feature has been spotted on
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Google One, the company’s all-in-one subscription service for extra cloud storage across Gmail, Google Photos, Drive, and more, recently crossed 100 million subscribers. The major milestone came just a day after the tech giant unveiled Gemini Advanced, the artificial intelligence (AI) assistant backed by its most powerful foundational model, Gemini Ultra. Its subscription plan is
India’s state-run social security fund will halt claims made via Paytm Payments Bank accounts from Feb. 23, as the country’s central bank imposed restrictions on the payments bank due to persistent irregularities, a government order said. The Employees’ Provident Fund Organisation (EPFO) has asked its officers to refrain from accepting claims linked with accounts in