regulation

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 charge of enforcement at the Reserve Bank of India, said on Friday. The central bank would be happy to see self-regulation for the sector, but expected…

Wisconsin lawmakers on Thursday passed bills to regulate artificial intelligence, joining a growing number of states grappling with how to control the technology as November's elections loom.The Assembly approved a bipartisan measure to require political candidates and groups to include disclaimers in ads that use AI technology. Violators would face a $1,000 fine.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk…

India's potential in artificial intelligence will be hindered if there is excessive focus on regulation, Debjani Ghosh, president of technology industry body Nasscom, said on Friday.“The best way to distract the government is to get them focused on regulation. It will take them years and years to figure out what to do and how to do it,” she said at an event in New Delhi.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied…

Following months of investigation, the European Commission has confirmed that it will not designate Apple's iMessage instant messaging platform as a gatekeeper, saving it from regulation that would require it to be opened up to third parties.The commission had been discussing whether iMessage met the minimum threshold to be called a gatekeeper in the messaging space, with Microsoft's Bing also under investigation for its place in the search market. Microsoft's Edge browser and advertising business was also under…

The act of vandalism reflect a chaotic environment for robotaxis in San Francisco, where public ire has risen after the dragging and bicyclist accidents. California lawmakers and labor unions rallied on Monday to call for laws to not allow autonomous trucks without human drivers, amid rising safety concerns after accidents involving self-driving taxis from General Motors and Alphabet. A robotaxi from Alphabet's Waymo was torched by people celebrating Chinese New Year on…

: There should not be a one-size-fits-all approach to government’s upcoming regulation on deepfakes, a software industry group which counts enterprise firms like Microsoft as its clients said in its representation to the ministry of electronics and information technology (MeitY). Washington DC-headquartered software industry group BSA The Software Alliance said that business-to-business and enterprise software services may not pose the same risk to user safety and public order and that the government should consider…

WhatsApp — the messaging app with support for end-to-end encryption (E2EE) owned by Meta — will soon add support for cross-platform messaging. Support for third party chats will allow people using a different messaging platform to text users on WhatsApp, and Meta has said that the feature will be opt-in to prevent users from being spammed across services. The company's confirmation of its efforts to enable cross-platform messaging comes ahead of the EU's Digital Markets Act (DMA) deadline of March 6.When the upcoming chat…

The UK government is investing over £100mn in AI R&D and regulation, in its first official response to the AI white paper consultation it released in March 2023. Unlike the EU’s sweeping AI law, the UK’s announcement further backs the white paper’s “pro-innovation” approach. Aiming to establish rules that can be “more agile” than those of competitor nations, the government confirmed once again that it “will not rush to legislate.” Instead, it will retain a context-based approach that…

An investigation by The BMJ highlights the failure of UK regulatory bodies, including the MHRA and ASA, to effectively enforce laws governing prescription drug advertisements, especially for weight loss drugs like Wegovy. This has resulted in inadequate monitoring and a lack of sanctions, potentially compromising patient safety.Experts have filed numerous complaints about Wegovy’s online advertisements and criticize regulators for their failure to impose sanctions.An investigation recently published by The BMJ reveals…

Jorge Calderon Contributor Jorge Calderon is managing director at San Francisco–based Inicio Ventures, an initiative of Hispanics in Philanthropy. Over the last 25 years, I’ve been a tech investor, founder, organizer, strategist and academic. I’m proud to be part of a growing group of diverse leaders shaping an innovation system that represents and benefits us all. But in recent months, I’ve become increasingly troubled by the absence of Latinx/e founders and leaders in today’s…