China slows humanoid robot IPO rush as hype outruns reality

Chinese regulators are putting the brakes on a rush of humanoid-robot companies seeking listings, people familiar with the matter said, as they scrutinise whether soaring valuations and revenue tied to state-backed projects reflect commercial demand.

from Tech-Economic Times
via IFTTT

Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-year and 6-year tenors, according to the term sheet.

from Tech-Economic Times
via IFTTT

Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website

One of the world's best-known cybercrime groups said on Sunday it had hijacked one of its chief rivals' dark web site, bringing what it said was a long-simmering feud out into the open.

from Tech-Economic Times
via IFTTT

Ashwini Vaishnaw on India’s chip push; Emergent's new AI bet

Happy Monday! The next set of investments under India’s semiconductor scheme are expected to begin in the next six months, IT minister Ashwini Vaishnaw told us. This and more in today’s ETtech Morning Dispatch.

from Tech-Economic Times
via IFTTT

Anthropic quietly sets up biology lab as it ramps AI drug program

At a time when fears of AI are gripping the public, the startup has built a wet lab, or place for physical experiments, in the San Francisco Bay Area, two people familiar with the matter said. Anthropic has said it wants to unlock treatments for rare diseases, and its biology work has gone beyond "in silico" or computer evaluations.

from Tech-Economic Times
via IFTTT

OpenAI, Microsoft executives' quotes on AI training threaten copyright defense, news outlets argue

OpenAI and its largest financial backer, Microsoft, have argued in the Manhattan federal court case that their AI training on millions of newspaper articles is protected as fair use because it transforms copyrighted material into new content and does not compete with or replace the news organizations' journalism.

from Tech-Economic Times
via IFTTT

ETSA winner Theranautilus heads to human trials; JSW One’s IPO plans

Happy Friday! Theranautilus is set to begin human trials of its nanorobot-based dental tech soon. This and more in today’s ETtech Morning Dispatch.

from Tech-Economic Times
via IFTTT