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AI lacks judgement to set interest rates, Singapore central bank head says

LONDON (Reuters) - Artificial intelligence lacks the human judgement skills needed to set interest rates, the head of the Monetary Authority of Singapore said on Monday. But AI could make it easier

Apple unveils new AI-focused chip in iPad Pro upgrade

By Stephen Nellis (Reuters) -Apple on Tuesday introduced a new chip called the M4 that it said would outclass personal computers designed for artificial intelligence - but put the new chip in an iPad

US announces sanctions on Russian senior leader of LockBit ransomware group

By James Pearson and Sachin Ravikumar LONDON (Reuters) -Britain, the U.S. and Australia have sanctioned and unmasked a senior Russian leader of the notorious cybercrime gang LockBit, the British

Apple unveils new AI-focused chip in upgraded iPad Pro models

By Stephen Nellis (Reuters) -Apple on Tuesday introduced a new chip called the M4 that it said would outclass personal computers designed for artificial intelligence - but put the new chip in an iPad

US consumer watchdog fines Chime $3.25 million for delaying refunds

By Hannah Lang (Reuters) - Digital bank Chime will pay a penalty of $3.25 million to the U.S. Consumer Financial Protection Bureau (CFPB) for failing to issue timely refunds to customers who closed

Eyeing more buyouts, cyber startup Wiz raises $1 billion in private funds

By Steven Scheer JERUSALEM (Reuters) - U.S.-Israeli startup Wiz raised $1 billion in a private funding round that values the four-year old cloud cyber security company at $12 billion, as it seeks to

OpenAI to launch tool to detect images created by DALL-E 3

(Reuters) - OpenAI is launching a tool that can detect images created by its text-to-image generator DALL-E 3, the Microsoft-backed startup said on Tuesday amid rising worries about the influence of

Datadog President Amit Agarwal to step down, shares drop

(Reuters) - Datadog President Amit Agarwal will step down by the end of 2024 and join the company's board of directors, the cybersecurity firm said on Tuesday, sending its shares down nearly 9% in

Cyber startup Wiz raises $1 billion in private funds, valued at $12 billion

JERUSALEM (Reuters) - U.S.-Israeli cloud cyber security startup Wiz said on Tuesday it raised $1 billion in a private funding round that values the four-year old company at $12 billion. Wiz, which has

Investopedia-owner Dotdash Meredith signs content license deal with OpenAI

(Reuters) - Dotdash Meredith has signed a content license deal with OpenAI to train AI models and allow ChatGPT to answer queries with summaries attributable to America's largest digital and print

On Camera

Ghatkopar hoarding collapse a typical Mumbai disaster—too many agencies, no one to blame

As per the BMC, there are 1,025 officially approved hoardings in the city right now. However, any Mumbaikar can tell you that number is a ludicrous underestimate.

India’s GDP to grow at 6.9% in 2024 — UN agency revises its January projection of 6.2%

Latest report by UN Department of Economic and Social Affairs says global growth to be faster than estimated earlier & India’s 'robust performance' to boost South Asia’s growth.

Spain denies port call to vessel carrying shipment of ‘arms to Israel from India’

The Spanish foreign minister says 'the Middle East does not need more weapons, it needs more peace'. Spain has been very critical of Israel’s offensive in Gaza.

Abki baar 90 paar for Congress? Why even 30 more seats will ruffle BJP

Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?