Google must face a lawsuit of up to £13.6 billion for allegedly abusing its dominance in the online advertising market, the UK’s Competition Appeal Tribunal (CAT) ruled on June 5. This comes a month after Google filed a petition opposing the case. The lawsuit was brought forward by ‘Ad Tech Collective Action’ (ATCA) on behalf of publishers who claim...

Stability AI has launched ‘Stable Audio Open’, an open-source AI model for generating up to 47 seconds of audio samples and sound effects based on text prompts. According to the company blog post, users can fine-tune the model using their own custom data. Stable Audio Open can be used to create drum beats, instrument riffs, ambient sounds,...

Amazon agreed to acquire key assets of the streaming service MX Player, as per a report by TechCrunch. The deal values MX Player at $100 million (roughly Rs. 834 crores) and is expected to move many of MX Player’s top executives to Amazon. An unnamed source familiar with Amazon’s strategy told TechCrunch that through this deal, Amazon would get a distribution...

On June 3, the European Union Data Protection Supervisor (EDPS), functioning under the EU Data Protection Board, published preliminary guidelines for the use of generative AI by EU institutions in compliance with data protection regulations. Through the guidelines or orientations, the EDPS aims to offer practical advice to EU institutions,...

Australia’s eSafety Commissioner has withdrawn the lawsuit against X (formerly Twitter) for the removal of videos of an alleged terrorist act against a Christian Bishop in Sydney. In April this year, the regulator asked X to remove the video, not just in the country but worldwide. The platform claims that it was informed that non-compliance with the...

The NIPL (NPCI International Payments Limited) has announced a partnership with the Central Reserve Bank of Peru (BCRP) to enable the deployment of a UPI-like real-time payments system in Peru. In a press release, NIPL stated that the partnership will enable BCRP to establish a payment platform in Peru, allowing instant payments between individuals...