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The transition from an unregulated to a regulated environment has caused a lot of pain for the online gaming industry in India, said Harsh Jain, cofounder and CEO of Dream Sports, which operates online fantasy gaming platform Dream11.He was speaking at a panel discussion at the Mumbai Tech Week on Monday.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIT DelhiIITD Certificate Programme in Data Science &…

Credit: Pixabay/CC0 Public Domain The proliferation of technology for everyday living can be seen through ChatGPT writing term papers or robots serving meals at a restaurant. Technology can also be used towards less utilitarian ends. Unfortunately, deepfakes—digitally altered images of people—can be used to spread misinformation. A new edited volume,…

February 1, 20244min readToo many hospice providers in the U.S. are run by private equity and for-profit corporations. A lack of regulation allows them to provide abysmal end-of-life careBy The Editors Everyone deserves a good death—a choice about how they spend their final days, a peaceful, pain-free exit. That is the mission of hospice care. But as corporate profiteers take over end-of-life care in the U.S., the system is failing many people in their moment of greatest need. Policymakers must better regulate this vital…

Some five or six years ago, when fintechs burst into the financial services industry, they were seen as the disruptors. But 2023 brought most of them into the regulatory fold—whether they were payment gateways, cross-border players or digital lending startups, the Reserve Bank of India (RBI) framed rules for all.Now, as the fintechs enter 2024, they will prepare for life within the regulatory ambit.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern UniversityKellogg Post…

Internet and technology - unless regulated carefully through the prism of safety and trust - have the power to harm users, Union Minister Rajeev Chandrasekhar said on Friday, adding that 'guardrails' have to be carefully developed without over-regulating innovation. The Minister of State for IT and Electronics said that while artificial intelligence (AI) is one of the biggest inventions of recent times, the government is committed to ensuring the safety of users on digital platforms, given that India is one of the largest…

Artificial intelligence (AI) technology should be regulated to ensure effective adoption and impact, Rajan Mittal, vice chairman, Bharti Enterprises said Friday.Regulating AI to build out responsible and trustworthy technology will have to happen in tandem with educating people who use it, added Vishal Sikka, founder and chief executive Vianai. Both were speaking at the Times Network India Economic Conclave 2023.“In each and every technology, regulations are a must. Anything which is unregulated would bring huge…

UK MPs’ Call for Cryptocurrency Regulation: Is Bitcoin Gambling or Investment? The ongoing debate about the nature and future of cryptocurrencies is a global conversation, with differing views across various jurisdictions. In the United Kingdom, this discussion has taken a unique twist. Recently, Members of Parliament (MPs) have called for more stringent regulations surrounding cryptocurrency trading, sparking an intense discussion that extends beyond the realm of financial markets and into societal perceptions and…

The U.S. surgeon general is warning there is not enough evidence to show that social media is safe for children and teens — and is calling on tech companies, parents and caregivers to take “immediate action to protect kids now."With young people's social media use “near universal” but its true impact on mental health not fully understood, Dr. Vivek Murthy is asking tech companies to share data and increase transparency with researchers and the public and prioritize users' health and safety when designing their products.…

Google on Friday published a whitepaper with suggestions for a policy agenda for responsible AI progress. In a blog post, the company said AI was too important not to regulate."Calls for a halt to technological advances are unlikely to be successful or effective, and risk missing out on AI’s substantial benefits and falling behind those who embrace its potential," Kent Walker, president of global affairs, Google & Alphabet, said in the blog post.He said broad-based efforts—across government, companies, universities,…

Sam Altman, the chief executive of ChatGPT maker OpenAI, has called for new rules to be put in risk to guard against the potential risks of AI ahead of US elections. Altman urged US lawmakers to introduce regulations for rapidly advancing artificial intelligence (AI) technology. He expressed concerns about the potential for AI to generate “interactive disinformation” leading up to the upcoming US elections. Speaking at a hearing before a US Senate subcommittee, Altman, advocated for independent audits, a licensing…