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Australia threatens hefty fines if big tech fails 'duty of care'

Social media giants face US$78 million fines if they fail to protect young users from harmful content, Australia's prime minister said Tuesday as he unveiled draft laws reining in big tech. Communications Minister Anika Wells said big tech was facing a "reckoning".

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Anthropic IPO launch shifts toward mid-October, sources say

The artificial intelligence company had been expected to make its IPO prospectus public as early as next week, two of the ‌people said, a ⁠crucial ⁠step that would kick off the final stages of the offering. Now that is not expected ​until late September, the people added, cautioning that the plans, including the timing, are subject ​to change.

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US, China gear up for mid-September AI safety talks

The ​talks, the first official bilateral discussions devoted exclusively to AI between the US and China ​since US President Donald Trump took office for a second time, will be led by US Treasury Secretary Scott Bessent on the US side, the sources, who were briefed ​on the planning, said on condition of anonymity.

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AI data centers are less thirsty now, tech giants say

Data centers are running into a wall of public anger in the United States over their thirst for water and power. "There are incentives," Ren said, but they have more to do with public relations amid the growing backlash to data centers across the United States.

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Had benefit of watching PM Modi talk about AI 10 years ago: Nvidia's Jensen Huang

Chapel Hill (North Carolina)Nvidia Chief Executive Jensen Huang has said India must move faster to seize the opportunities offered by Artificial Intelligence (AI), describing the country as one of the world's leading information technology powers and urging its companies and start-ups to build a domestic AI economy.

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Chinese AI firm Moonshot files confidentially for Hong Kong IPO

Moonshot's latest version, Kimi K3 released in July, has met with positive reviews and robust demand, and sources have said the startup is in talks with Microsoft, Amazon and Google on ‌revenue-sharing agreements that ⁠would allow ⁠the U.S. cloud companies to host the model.

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