Elon Musk's X Corp sues California to undo content moderation law

X, the social media platform once known as Twitter, said the law known as Assembly Bill 587 violates its free speech rights under the U.S. Constitution's First Amendment and California's state constitution.

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Authorisation regime likely for OTT communication apps

The licensing regime, proposed in earlier versions of the Telecom Bill, had raised the hackles of several tech companies, which had warned that multiple regulations would be disproportionate and stall the growth of the OTT communications industry.

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ET Startup Awards 2023: search for startup glory begins & other top tech stories this week

ETSA this year comes at a time when the technology industry faces multiple headwinds. The volatility in valuations of publicly listed tech companies, which began in the US in late 2021, has continued to spill over into the private markets. Indian startups, too, have felt this turbulence, with several of them getting valuation markdowns as increasingly cautious investors hedge their bets.

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US chipmaker Nvidia to partner reliance, Tata to boost AI in India

Nvidia to team up with RIL for large language model that will be trained in local languages, to join hands with Tata Group to build AI infra

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Meta Platforms must face class action for breaching medical privacy of patients

US District Judge William Orrick in San Francisco said the plaintiffs could pursue claims that Meta violated a federal wiretap law and a California privacy law, and violated its own contractual promises governing user privacy on Facebook.

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SoftBank's Arm IPO currently six times oversubscribed

While the oversubscription does not guarantee strong IPO performance, it is a positive sign for Arm. It makes it more likely that the company will, at a minimum, reach its targeted price range of $47 to $51 per share, a source said.

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ET Startup Awards 2023: Nominees for Midas Touch; Nvidia envisions exports from India arm

As we inch towards D-Day, when our eleven-member jury picks the winners of The Economic Times Startup Awards 2023, we unveil the nominees for yet another category: Midas Touch.This and more in today’s ETtech Morning Dispatch.

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