Category: Tech News

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OpenAI Says It’s Fine to Vacuum Up Everyone’s Content and Charge for It Without Paying Them

Late last year, the New York Times became the first major US newspaper to sue OpenAI and Microsoft for copyright infringement, claiming the Sam Altman-led company had made unauthorized use of its published work to train its large language models. The lawsuit showed that ChatGPT could easily be used to extensively regurgitate paywalled content almost… Continue reading OpenAI Says It’s Fine to Vacuum Up Everyone’s Content and Charge for It Without Paying Them

PE Digest: BPEA EQT changes name; CapitaLand acquires SG propertyJean Eric Salata will continue to lead EQT Private Capital Asia.

A year after the merger of EQT and BPEA, the Asia private equity business of the combined entity has rebranded as EQT Private Capital Asia. Separately, The Ascott Limited and CapitaLand Wellness Fund have jointly acquired a 308-unit freehold lodging property in Singapore.  BPEA EQT to be known as EQT Private Capital Asia A year… Continue reading PE Digest: BPEA EQT changes name; CapitaLand acquires SG propertyJean Eric Salata will continue to lead EQT Private Capital Asia.

Indian shadow bank SMFG India Credit raises $72m from Japan’s SMBC

SMFG India Credit, which is majority-owned by Japan’s Sumitomo Mitsui Financial Group (SMFG), has raised around $72 million in its first Perpetual Debt Instrument (PDI) from Sumitomo Mitsui Banking Corporation (SMBC), Tokyo. The long-term funding seeks to strengthen SMFG India Credit’s asset-liability profile and shore up its Tier-I capital base, according to a release. SMFG… Continue reading Indian shadow bank SMFG India Credit raises $72m from Japan’s SMBC

ID Digest: APG, ADIA team up with INA for Trans Java Toll Roads; BDx Indonesia acquires Indosat’s data centre portfolio

APG Asset Management has teamed up with a wholly-owned subsidiary of the Abu Dhabi Investment Authority and Indonesia Investment Authority to invest in two sections of the Trans Java Toll Road, while BDx Indonesia has acquired Indosat’s entire portfolio of data centre and edge sites for $170 million. APG, ADIA to invest in two sections… Continue reading ID Digest: APG, ADIA team up with INA for Trans Java Toll Roads; BDx Indonesia acquires Indosat’s data centre portfolio

Connected cars, powered by AI, will make up 95% of all vehicles on the road by 2030

Jackal Pan/Getty Images A survey of more than 2,000 car owners and lessors in the United States revealed that only a few drivers understand what a ‘connected car‘ is and what data is actually being collected, according to Salesforce research.  Also: LG goes gaga for AI and even unveils a product or two at CES… Continue reading Connected cars, powered by AI, will make up 95% of all vehicles on the road by 2030

Tesla launches Model 3 Highland refresh in North America

Tesla has officially launched the new Model 3 Highland refresh in North America – taking orders now for deliveries within a month. Last summer, Tesla introduced a new version of the Model 3, codenamed Highland, which featured a refreshed design, a new backseat screen, new ambient light, and more. It was only being built at… Continue reading Tesla launches Model 3 Highland refresh in North America

Tata to announce semiconductor fab investment in India’s GujaratChip manufacturing is a key plank of Prime Minister’s Modi’s agenda.

Tata Group is close to announcing plans to build a new semiconductor fabrication plant in India’s Gujarat state this year, Tata Sons chairman Natarajan Chandrasekaran said on Wednesday at an investment summit. The comments came at the Vibrant Gujarat Global Summit, a business event being held in Prime Minister Narendra Modi’s home state in one… Continue reading Tata to announce semiconductor fab investment in India’s GujaratChip manufacturing is a key plank of Prime Minister’s Modi’s agenda.

India Digest: Grip Invest bags $10m; Gruhas, Collective Artists Network launch fund; Paytm to invest in GIFT CityGrip Invest raised the money through …

Grip Invest has raised $10 million in a Series B round led by Stride Ventures, while Gruhas has partnered with Collective Artists Network to form a new investment fund. Separately, One97 Communications has announced an investment of Rs 100 crore in Gujarat International Finance Tec-City to build a global financial ecosystem. Grip Invest raises Series… Continue reading India Digest: Grip Invest bags $10m; Gruhas, Collective Artists Network launch fund; Paytm to invest in GIFT CityGrip Invest raised the money through …

SEA Digest: BitGo Singapore gets regulator’s nod; Indonesia’s SIRCLO partners with Shopify

BitGo’s Singapore arm has received in-principle approval from the MAS for a Major Payment Institution Licence, while SIRCLO has partnered with Shopify. Crypto firm BitGo gets in-principle nod for MPI licence US-based crypto custody firm BitGo’s Singapore arm has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution Licence,… Continue reading SEA Digest: BitGo Singapore gets regulator’s nod; Indonesia’s SIRCLO partners with Shopify