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The European Union is considering broadening the scope of proposed cybersecurity labelling rules that would affect not just Amazon, Alphabet's Google and Microsoft but also banks and airlines, according to the latest draft of the rules.The EU move to set up such a system comes as Big Tech looks to the government cloud market to drive growth in the coming years while a potential boom in artificial intelligence after the viral success of OpenAI's ChatGPT could also boost demand for cloud services. The latest proposal from…

Sam Altman, the just ousted CEO of OpenAI, is discussing a possible return to the company behind the ChatGPT bot even as he considers launching a new artificial intelligence (AI) venture, a person briefed on the matter said on Saturday.A day after the board fired him in a surprise move that rocked the tech world, Altman was talking with OpenAI executives about improving the company's governance structure while he discusses with some core OpenAI researchers and others loyal to Altman how they could start a new AI company,…

Germany is mulling a ban on…

Less than a week after rolling its last combustion dependent Fiesta off its assembly lines in Europe to make room for its EV future, Ford is already flirting with the idea of keeping the party going – just without those pesky emissions clouding up the dance floor. Ford’s boss in Europe shared the company has eyes on Volkswagen’s ultra-compact ID.2all EV and the modular MEB platform it sits atop. The Fiesta had existed as a major nameplate for the blue oval brand for nearly fifty years before…

CATL, the world’s largest battery manufacturer, looks to continue its dominance in its given market by expanding its existing battery recycling program to new continents outside of China. The company is in talks with a specific partner to erect multiple battery recycling facilities across Europe and may soon be doing the same in North America. Contemporary Amperex Technology Co., better known as CATL, is without a doubt the global leader in EV battery manufacturing. Its current reign was…

Two new AI-linked bills were introduced by U.S. senators on Thursday. The first was a bill requiring the government to disclose when it’s using AI, and the other proposed the establishment of an Office of Global Competition Analysis to make sure the U.S. doesn’t fall behind in major tech spaces such as artificial intelligence development. “We cannot afford to lose our competitive edge in strategic technologies like semiconductors, quantum computing, and artificial intelligence to competitors like China,” said…

Just two years after buying the digital media firm for nearly $300 million, BuzzFeed is already considering selling it off, according to a report from The Information. This follows widespread layoffs and the company’s spiking interest in AI content as a cheap solution to the problem of maintaining profitability in a rough ad market. BuzzFeed is trading low enough to risk a Nasdaq delisting and has suffered a string of unfortunate quarterly reports, necessitating drastic measures from the company. Still, a…

Nigeria’s biggest beer maker Nigerian Breweries will decide in the weeks ahead whether to acquire the controlling stake in the local unit of Stellenbosch-based Distell International Limited after an offer from Heineken Beverages Limited South Africa. The company got an approach from Heineken Beverages to buy the 80 per cent shareholding in Distell Wines & Spirits Nigeria Limited, which the latter is looking to offload, according to a statement issued by Nigerian Breweries on Wednesday. Distell International…

India is considering using valuation criterion established by the Foreign Exchange Management Act (FEMA) for angel tax on foreign investments, a move that could potentially bring relief to Indian startups. This and more in today’s ETtech Morning Dispatch, which is loaded with exclusives you won't find anywhere else.Also in this letter:■ VC fund Chiratae marks final close of maiden growth fund■ Majority IAMAI members opposed to separate competition law■ NCLAT ruling leaves App Store providers disappointedExclusive:…

Alphabet shares fell over 4 percent in premarket trading on Monday after a report that South Korea's Samsung Electronics was considering replacing Google with Microsoft-owned Bing as the default search engine on its devices.The report, published by the New York Times over the weekend, underscores the growing challenges Google's $162-billion (roughly Rs. 13,29,477 crore) a-year search engine business face from Bing — a minor player that has risen in prominence recently after the integration of the artificial intelligence…