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Fed Chair Kevin Warsh targets real-time economic data within a year to improve rate decisions

Federal Reserve Chairman Kevin Warsh set an ambitious timeline on Wednesday for the US central bank to “discover” and start relying on real-time economic data that’s superior to what he described as problematic government reports. “My aspiration is that nine to 12 months from now we’re going to be using new technologies to understand what’s … Read more

Meta is building a cloud business to sell AI computing

Meta Platforms Inc. is developing plans for a cloud infrastructure business that will sell access to AI computing power and models, setting up a new vector of competition with industry leaders like Amazon Web Services, Microsoft Azure and Google Cloud. Meta, which has been rushing to secure expensive data centers and other infrastructure to fuel … Read more

UIDAI launches new Aadhaar app: Features, how it works, what’s changing for users

The Unique Identification Authority of India (UIDAI) has discontinued the mAadhaar app and has shifted users to a new redesigned Aadhaar mobile application. UIDAI earlier launched the mAadhaar app so that people could access Aadhaar services on their mobile phones. It allowed people to view Aadhaar details, download e-Aadhaar, and share basic information digitally. Now, … Read more

Anthropic to restore Claude Fable 5, Mythos 5 after US lifts export controls

Anthropic said that it will begin restoring access to its advanced artificial intelligence (AI) models, Claude Fable 5 and Mythos 5, after the US Department of Commerce lifted export controls. Users may soon be able to use the models that the US government previously restricted on June 12, citing national security concerns. Last week, the … Read more

AI-enabled cyberattacks biggest near-term threat to Indian banks, says RBI

Artificial intelligence-enabled cyberattacks were classified as the “most important” near-term cyber threat for the Indian banking system by the RBI on Tuesday. The RBI said it undertook a survey on the system’s preparedness which revealed that financial institutions have established robust practices in cyber risk management, particularly vulnerability assessment and penetration testing of critical information … Read more

India’s digital transformation story sets new benchmarks with robust digital public infrastructure

Digital India has transformed the way we live, work, communicate, transact and access essential services. It has become an integral part of our lives that we often don’t notice how much we rely on it. From making instant digital payments to accessing government services with a few clicks and availing timely healthcare services to filing … Read more

Explained | How India plans to make government data AI-ready

India has built one of the world’s largest digital public infrastructure ecosystems through platforms such as Aadhaar, UPI and DigiLocker. The government’s next challenge, however, is ensuring the vast volumes of data generated across ministries can work together. A new handbook released by the Ministry of Statistics and Program Implementation (MoSPI) lays out a roadmap … Read more

Taiwan raids Super Micro in widening China chip smuggling probe

Taiwan government agencies raided the offices of Super Micro Computer and several of its local affiliates, deepening an investigation into the alleged smuggling of Nvidia chips into China using the company’s servers. Local investigators raided the residences of six people and the sites of three affiliated companies on Monday as part of an ongoing probe … Read more

Explained: AI’s impact on senior level roles

Mark Zuckerberg, as reported by the Wall Street Journal, is building a “CEO agent” to help him do his own job. The tool is reportedly meant to help him retrieve information faster and cut through layers of internal communication. Separately, the Financial Times reported that Meta was also working on a photorealistic AI version of … Read more

Tech Mahindra to deploy Perplexity AI across sales, customer-facing teams

IT services firm Tech Mahindra on Monday, June 29, said it will deploy AI platform Perplexity across its sales and customer-facing teams to provide real-time, source-backed insights for better client engagement. The integration of ‘Perplexity Enterprise Pro’ aims to equip senior sales leaders and customer partners with intelligent tools to research customer priorities efficiently, understand … Read more

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