Siemens, SAP say EU draft Data Act puts trade secrets at risk

EU countries and EU lawmakers are working on the details of the Data Act, proposed by the European Commission last year before it can be adopted as legislation.

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ONDC vs Zomato, Swiggy; WestBridge closes in on Milky Mist funding

Happy Monday. We are kicking off the week with a packed edition of ETtech Morning Dispatch. You can’t have missed all those social media posts talking about the government-backed Open Network for Digital Commerce (ONDC) over the last few days. ONDC is looking to challenge food-delivery biggies Swiggy and Zomato through a price war. We have details on what’s going on.

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Early­-stage VC 3one4 gets $200 million for new fund

Around 50% of the capital in the new fund has come from Indian banks and mutual funds, said Pranav Pai, founding partner at 3one4 Capital.

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Artificial General Intelligence has potential to become part of everyday life: Paytm CEO

Vijay Shekhar Sharma said in his letter to the company’s shareholders that AGI today is what smartphones were a decade ago.

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Remote work one of the biggest mistakes made by technology industry: OpenAI CEO Sam Altman

Altman, who was speaking at a conference organised by US fintech major Stripe, said there is no technology available yet to enable complete remote work.

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Fake verified Facebook pages luring users into clicking malicious links

A handful of verified Facebook pages were hacked recently and spotted slinging likely malware through ads approved by and purchased through the platform.

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China's industry ministry issues draft data standards for smart vehicles

Among the proposed rules, the Ministry of Industry and Information Technology plans to ban smart vehicles in China from transferring data directly abroad, pushing them instead to use domestic cloud services.

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