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Fintechs in India boost payments soundbox pitches to attract merchants

Some of India’s biggest fintech startups are expanding into soundboxes, whose chimes are becoming millions of Indian merchants’ new “ka-ching.” Paytm, which leads the market with over 7 million merchants, launched an advanced soundbox that accepts Rupay, Visa, Mastercard, and American Express. The device allows cardholders to tap and pay …

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Chinese ChatGPT users can now try their own apps

One month after announcing its provisional measures to oversee generative AI, China approved the first large language model-empowered public services. Baidu’s Ernie Bot, ByteDance’s Doubao, Sogou founder’s Baichuan, and chatbots from Tsinghua University and Chinese Academy of Sciences labs are among eight generative AI applications registered with China’s cyberspace authority. …

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MPs warn policymakers aren’t keeping up with AI rulebook, so UK government urged against delay

A UK parliamentary committee investigating artificial intelligence’s opportunities and challenges has urged the government to reconsider its decision not to introduce legislation to regulate the technology in the short term and to make an AI bill a ministerial priority. Committee chair Greg Clark writes in a statement today accompanying the …

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