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Lowdown: Europe designates ChatGPT, Reddit, Roblox under DSA – what it means for the companies

The European Commission put the three platforms under the Digital Services Act after they declared they had hit 45 million average monthly users in the EU, making them liable to comply to it by January 2027. The post Lowdown: Europe designates ChatGPT, Reddit, Roblox under DSA – what it means for the companies appeared first on MEDIANAMA.

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Meta AI glasses will stop recording if capture LED is covered

Meta has revealed that an update is coming to "increase the reliability of the capture LED" in AI glasses, which will prevent recording from continuing after someone blocks the light. The post Meta AI glasses will stop recording if capture LED is covered appeared first on MEDIANAMA.

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Nvidia to start employee-funded US political action committee

Companies often set ⁠up federal ‌political action committees, called ​PACs, ​to donate to political ⁠candidates who are aligned with their corporation's ​policy goals. Nvidia joins other ​tech companies, including Meta Platforms and Alphabet's Google, in creating a committee to spend money to influence elections.

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Mamaearth parent Honasa enters fragrance category with ‘FIKN’

Honasa Consumer is entering India’s fragrance market with FIKN, an elixir-based perfume brand, as it bets on rising perfume demand, e-commerce growth, and stronger offline distribution. The post Mamaearth parent Honasa enters fragrance category with ‘FIKN’ appeared first on MEDIANAMA.

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Advent, Stripe consortium is said to drop pursuit of PayPal

The payments company, once the crown jewel of American ​financial technology, received a $60.50-per-share ⁠bid from ‌Stripe and private equity firm ​Advent ​International, which valued it at ⁠more than $53 billion, Reuters reported in July, ​citing sources.

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India preparing rollout of agentic payments on UPI

While leading payment companies have launched such frameworks in the U.S., Europe, Singapore and Australia, a rollout on the popular Unified Payments Interface would also put India among the first countries to have ‌a national infrastructure ⁠for ⁠agentic AI payments.

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Major tech companies call for defensive surge to defeat AI-driven hacks

It called on governments to ​expedite trusted access programs, which give certain companies ​access to more powerful models ahead of the general public, and for all other organizations to "make cyber defense an immediate leadership priority."

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Anthropic planned, then abandoned $7 billion purchase of MatX

The merger talks, which a third person said have evolved into a discussion about a partnership, underscore the AI lab's ambition ​to secure the resources and talent needed to build its own chips. The goal is to help Anthropic accelerate its in-house chip development.

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Anthropic plans to publicly unveil IPO prospectus after Labour Day

Anthropic is planning to unveil its IPO prospectus ​after Labour Day, with ​a potential listing in late September or ​early October, The Information reported on Thursday, citing people familiar with the process.

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Yotta targets Jan-March 2027 IPO, seeks up to $1.5 billion amid AI boom

The Hiranandani Group-backed ⁠firm is looking to file draft IPO papers in October and aims to raise up to $1.5 billion to repay debt, buy graphics ‌processing units and expand sovereign cloud infrastructure that keeps data within national borders, he said.

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US judge blocks Pentagon's Anthropic blacklisting

Anthropic's ​lawsuit in California federal court alleges that Defense Secretary Pete Hegseth overstepped his authority when he designated Anthropic a national security supply-chain risk, a label the government can apply to companies that expose military systems to ‌potential infiltration or ⁠sabotage by ⁠adversaries.

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Can Flipkart make micro-dramas work after years of content bets?

The Drama section in Flipkart's main app sits under the Play tab and features multiple-micro drama titles divided under segments like “Must watch”, “Today’s top pick for you”, “Recommended Favourites” and “Continue Watching”. The post Can Flipkart make micro-dramas work after years of content bets?

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Xiaomi 18 Fold Launch Date Confirmed

Xiaomi has announced the launch date of the Xiaomi 18 Fold. This will be the company’s next generation foldable and ...

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