India is walking back on a recent AI advisory after receiving criticism from many local and global entrepreneurs and investors. The Ministry of Electronics and IT shared an updated AI advisory with industry stakeholders on Friday that no longer asked them to take the government approval before launching or deploying an AI model to users […]
India reverses AI stance, requires government approval for model launches
India has waded into global AI debate by issuing an advisory that requires tech firms to get government permission before launching new models. India’s Ministry of Electronics and IT issued the advisory to firms on Friday. The advisory, not published on public domain but a copy of which TechCrunch has reviewed, also asks tech firms […]
Varda Space Industries finally gets approval to bring its drug manufacturing spacecraft back to Earth
Varda Space Industries has received long-awaited approval from regulators to return its first spacecraft to Earth — and with it, a batch of pharmaceutical crystals manufactured on orbit. Varda’s Winnebago capsule has been stuck in limbo for months. The company launched the spacecraft on a SpaceX Transporter mission eight months ago, with the plan to […]
Binance Obtains Regulatory Approval to Offer Crypto Products in Italy
Crypto exchange Binance has received regulatory approval from Italy’s financial regulator to operate as a cryptocurrency service provider in the country. “Clear and effective regulation is essential for mainstream adoption of cryptocurrencies,” said Binance CEO Changpeng Zhao. Binance Now Licensed in Italy Binance announced Friday that Binance Italy “has received regulatory approval” through registration as […]