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India’s advisory on LLM usage causes consternation

CIO

India’s Ministry of Electronics and Information Technology (MeitY) has caused consternation with its stern reminder to makers and users of large language models (LLMs) of their obligations under the country’s IT Act, after Google’s Gemini model was prompted to make derogatory remarks about Indian Prime Minister Narendra Modi.

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Reports say African startups raised record-smashing $4.3B to $5B in 2021

TechCrunch

From the type of deals reviewed to the definition of an African startup, each factor contributes to the disparities in numbers. Briter Bridges, for instance, avoids using geography to define an African startup due to factors contributing to business identities like taxation, customers, IP and management team. or the U.K.

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Women Who Code Launches Job Board Catered Directly to Tech Professionals

CTOvision

Women Who Code (WWCode) is an international non-profit that empowers career aged professionals to achieve success in technology. They do this through a series of over 60 Networks around the world which host technical talks, study groups, hackathons, and other career development and social events.

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So much fintech M&A

TechCrunch

Jason Furtado and Stephan Richter founded Boston-based Shoobx in 2013, according to Crunchbase. As reported by Life Insurance International: “Level has created a tech-driven underwriting process for early-stage fintech startups that is claimed to have brought new efficiency and speed to the debt-raising process.

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Alphabet makes cuts, Twitter bans third-party clients, and Netflix’s Reed Hastings steps down

TechCrunch

While our fearless Week in Review leader Greg enjoys parental leave, I’m filling in, curating the latest on the tech news front. Amazon claimed that the program had “not grown to create the impact that [it] had originally hoped,” but as Romain notes, since 2013, Amazon has donated $400 million through AmazonSmile.

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Walmart acquires virtual clothing try-on startup Zeekit

TechCrunch

The company leverages a combination of real-time image processing, computer vision, deep learning and other AI technology to show shoppers how they would look in an item by way of a simulation that takes into account body dimensions, fit, size and even the fabric of the garment itself. Deal terms were not disclosed. Image Credits: Walmart.

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Rising Tide Rents and Robber Baron Rents

O'Reilly Media - Ideas

The answer can be found in the theory of economic rents, and in particular, in the kinds of rents that are collected by companies during different stages of the technology business cycle. Then the cycle begins again with a new class of competitors, who are forced to explore new, disruptive technologies that reset the entire market.