Google to scale up AI-powered fraud detection and security operations in India
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Google has unveiled its Safety Charter in India, which will expand its AI-led developments for fraud detection and combating scams across the country, the company’s largest market outside the United States. Digital fraud in India is rising. Fraud related to the Indian government’s instant payment system UPI grew 85% year-over-year to nearly 11 billion Indian […]
Aspora gets $50M from Sequioa to build remittance and banking solutions for Indian diaspora
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India has been one of the top recipients of remittances in the world for more than a decade. Inward remittances jumped from $55.6 billion in 2010-11 to $118.7 billion in 2023-24, according to data from the country’s central bank. The bank projects that figure will reach $160 billion in 2029. This means there is an […]
Meta’s massive investment in Scale AI may be giving some of the startup’s biggest customers pause. Reuters reports that Google had planned to pay Scale AI $200 million this year but is now planning to cut ties with the startup and is having conversations with its competitors.
New York has a new AI safety bill that tries to regulate frontier AI models from OpenAI, Google, and Anthropic.
Scale AI confirms ‘significant’ investment from Meta, says CEO Alexanr Wang is leaving
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Data-labeling firm Scale AI confirmed on Friday that it has received a “significant” investment from Meta that values the startup at $29 billion.