Chip companies, top US officials meet on China policy, source says

The Biden administration is considering updating a sweeping set of rules imposed in October to hobble China's chip industry and a new executive order restricting some outbound investment.

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Indiamart says board to consider share buyback plan on July 20

For the year ended March 31, 2023, Indiamart reported a net profit of Rs 283.8 crore on a total revenue of Rs 1,165.9 crore. While the FY23 revenues were up 35% year on year, the profit was marginally lower from Rs 297.9 crore recorded in FY22.

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Meta faces $100K daily fine from Norway regulator over privacy concerns in user advertising

​​Norwegian regulator Datatilsynet says that behavioral advertising - a common marketing model that profiles users by collection information like their physical locations, among other data - without consent is illegal. Because of this, Datatilsynet imposing a "temporary ban" of such practices on Facebook and Instagram.

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Personal data to be shielded from AI; gaming GST may hit fintech ecosystem

Generative artificial intelligence (AI) has stunned companies and commoners alike with its abilities. But with public attention comes regulatory scrutiny. Experts say that India’s new data protection bill may be tough for platforms like ChatGPT and Google’s Bard. This and more in today’s ETtech Morning Dispatch.

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Ola advances plan for IPO as electric scooters take off in India

Ola Electric Mobility Pvt. is considering an IPO sooner than anticipated, as shares of the Indian startup have skyrocketed since launching electric scooters in December. Founder Bhavish Aggarwal had planned to wait four to six years before taking the company public, but the response to its electric scooters, which now claim an impressive 38% market share in India, has been overwhelming.

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Eruditus’ FY23 revenue jumps 63% to $400 million

Revenue rose to $400 million (around Rs 3,280 crore as per current exchange rates) in 2022-23 from $245 million the previous year, said Ashwin Damera. Eruditus follows a July-June fiscal year.

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'Not for machines to harvest': data revolts break out against AI

At the heart of the rebellions is a newfound understanding that online information - stories, artwork, news articles, message board posts and photos - may have significant untapped value.

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