Accel and Sequoia check whether their portfolio companies in India and SE Asia are exposed to AI disruption; 75%+ of Sequoia India's new deals are AI related (Saritha Rai/Bloomberg)

Saritha Rai / Bloomberg:
Accel and Sequoia check whether their portfolio companies in India and SE Asia are exposed to AI disruption; 75%+ of Sequoia India's new deals are AI related  —  Global investors at the world's largest venture capital firms including Accel and Sequoia Capital India are asking their portfolio companies …

A New York lawyer faces sanctions after his legal brief, written using ChatGPT, had "bogus judicial decisions, with bogus quotes and bogus internal citations" (Benjamin Weiser/New York Times)

Benjamin Weiser / New York Times:
A New York lawyer faces sanctions after his legal brief, written using ChatGPT, had “bogus judicial decisions, with bogus quotes and bogus internal citations”  —  A lawyer representing a man who sued an airline relied on artificial intelligence to help prepare a court filing.

The median gain in Microsoft, Alphabet, Amazon, Meta, Tesla, Apple, and Nvidia stocks is 43% since January, almost 5x the S&P 500, bolstered by AI optimism (Bloomberg)

Bloomberg:
The median gain in Microsoft, Alphabet, Amazon, Meta, Tesla, Apple, and Nvidia stocks is 43% since January, almost 5x the S&P 500, bolstered by AI optimism  —  Rarely does a tech-powered stock rally come along that isn't pilloried for the fragility of its foundation.

Brazilian lawmakers file a complaint against Google for letting users download "Slavery Simulator" game on Google Play for about a month before taking it down (María Luisa Paúl/Washington Post)

María Luisa Paúl / Washington Post:
Brazilian lawmakers file a complaint against Google for letting users download “Slavery Simulator” game on Google Play for about a month before taking it down  —  For about a month, Google Play users in Brazil could download a game that simulated what the South American nation looked …

Microsoft brings Bing Chat widget to Android: How to use

In one of the Microsoft Bing blog posts, the company said that it has launched a new Bing Chat widget that will enable Android users to add it to their devices' Home screen. Once installed, selecting the Bing icon will take them directly to chat. Widgets allow users to quickly get to their favourite content by customising Home screens. https://ift.tt/XtSkQvV

'You can run but you can't hide': EU's message to Twitter on disinformation code

"Twitter leaves EU voluntary code of practice against disinformation. But obligations remain. You can run but you can't hide," Breton said in a tweet. "Beyond voluntary commitments, fighting disinformation will be legal obligation under DSA as of August 25. Our teams will be ready for enforcement," he added. Meanwhile, a former public relations firm for Twitter has sued the social media company for not paying its bills since Elon Musk's $44 billion acquisition. https://ift.tt/qwHRB70

In a policy reversal, a Portuguese government document outlines rationale for banning Huawei equipment in the country's 5G network, deeming it "high risk" (Financial Times)

Financial Times:
In a policy reversal, a Portuguese government document outlines rationale for banning Huawei equipment in the country's 5G network, deeming it “high risk”  —  Lisbon's new security assessment could deal blow to Chinese telecom equipment group's ambitions in Europe

Nothing Phone (2) to launch in July: 2 specs the company has confirmed about the upcoming phone

Nothing is set to launch its new premium smartphone, Nothing Phone (2) in July, that will be equipped with a Snapdragon 8+ Gen 1 chipset for better optimisation and a 4700mAh battery. The upcoming smartphone is placed above the mid-range, Nothing Phone (1) which was released in 2022 and has a Snapdragon 778G+ chipset with up to 12GB RAM and 256GB storage. https://ift.tt/6VmGaKi

Google lists three ways generative AI can make search better and more interactive

Google is expanding access to Search Labs, a new program providing access to experimental search features, to a waitlist of users. Three generative AI features have been listed, comprising improved understanding of complicated topics, quick tips for specific queries, and an enhanced shopping experience. Search has been designed to break down complex topics into more digestible parts, generate top-level pointers for key information and provide a range of options to explore. The features represent Google's initial foray into applying generative AI to Search. https://ift.tt/yQSRxFw

Krafton announce Road To Valor: Empires Open Championship: Details inside

The South Korean video game developer Krafton has announced the first Road To Valor: Empires Open Championship with a total prize pool of Rs 10 lakhs. The company claims that strategy gaming in India has witnessed a surge and this tournament aims to provide a platform for players to refine their skills and make a mark in the world of Esports. https://ift.tt/2urAoqv

Sources: the record $279M whistleblower award issued by the SEC earlier this month stemmed from a 2019 bribery case in which Ericsson paid a $1.1B settlement (Mengqi Sun/Wall Street Journal)

Mengqi Sun / Wall Street Journal:
Sources: the record $279M whistleblower award issued by the SEC earlier this month stemmed from a 2019 bribery case in which Ericsson paid a $1.1B settlement  —  The largest-ever award in the SEC's cash-for-tips program was related to Ericsson's bribery case

Russia-linked malware can cause electric power disruption in multiple countries: Report

Cybersecurity company Mandiant said that it identified novel operational technology (OT) / industrial control system (ICS)-oriented malware, which it tracks as COSMICENERGY. It said that the malware was uploaded to a public malware scanning utility in December 2021 by a submitter in Russia. The malware can cause electric power disruption by interacting with devices such as RTUs. https://ift.tt/n5DmFiH

The UK CMA says Meta has offered to limit use of other businesses' ad data for Facebook Marketplace to address the regulator's competition concerns (Reuters)

Reuters:
The UK CMA says Meta has offered to limit use of other businesses' ad data for Facebook Marketplace to address the regulator's competition concerns  —  UK's competition watchdog on Friday said social media giant Meta Platforms Inc had offered to limit the use of other businesses' advertising data in order to address its concerns.

Interviews with 30+ sources detail issues at billionaire Tom Siebel's AI startup C3.ai, leading to product delays; the company is on its third name since 2009 (Brody Ford/Bloomberg)

Brody Ford / Bloomberg:
Interviews with 30+ sources detail issues at billionaire Tom Siebel's AI startup C3.ai, leading to product delays; the company is on its third name since 2009  —  The AI hype cycle has birthed innumerable boosters.  An unlikely member of this group is Silicon Valley billionaire Tom Siebel.

Xiaomi Civi 3 with dual 32MP front cameras launched in China: All the details

Xiaomi has announced a new smartphone in the Civi series, the Civi 3. The smartphone focuses highly on the cameras, featuring a 32MP dual camera setup on the front and a 50MP led camera setup on the back. Here’s everything you need to know about the Xiaomi Civi 3. The Xiaomi Civi 3 starts at 2,499 yuan (around Rs 29,200). https://ift.tt/iOUZdGB