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US restricts exports of some Nvidia chips to Middle East countries

One year ago Nvidia said US officials told it to stop exporting the same two computing chips for AI work to China. The move was seen as potentially slowing Chinese firms' ability to carry out advanced work like image recognition.

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British officials say AI chatbots could carry cyber risks

In a pair of blog posts due to be published Wednesday, Britain's National Cyber Security Centre (NCSC) said that experts had not yet got to grips with the potential security problems tied to algorithms that can generate human-sounding interactions - dubbed large language models, or LLMs.

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Goldman may part-convert Pharmeasy debt to equity; P2P lenders look to diversify partnerships

Goldman Sachs is likely to convert some of its loan to online pharmacy PharmEasy into equity. Buoyed by binding commitments from existing investors, the epharnacy also plans to pay back a considerable chunk of its debt following the rights issue in September. This and more in today’s ETtech Morning Dispatch.

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Goldman may convert part-debt into equity in PharmEasy

The online pharmacy is also in talks to restructure debt terms ahead of rights issue; share sale set to open on September 4

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X will allow political ads from candidates, parties ahead of US election

Before billionaire Elon Musk acquired the company in October, Twitter had banned all political ads globally since 2019.

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SoftBank expected to sell Zomato shares for Rs 940 crore

SoftBank’s sale of Zomato shares follows the complete exit of the New York-based Tiger Global from the company. Tiger sold 1.44% stake, or 12.35 crore shares of the Zomato on Monday for Rs 1,124 crore.

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US judge set to decertify Google Play class action

A U.S. judge plans to free Google from having to defend against a class action by 21 million consumers who claimed it violated federal antitrust law by overcharging them in its Google Play app store.

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Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...