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OpenAI Drops For-Profit Plans, Will Transition to Non-Profit-Governed Public Benefit Corporation
OpenAI has announced it will not convert into a traditional for-profit company, following legal consultations and external feedback. Instead, the firm will transition its commercial arm into a Public Benefit Corporation (PBC), ending its 100x profit cap and allowing more investor returns while maintaining its non-profit governance structure. The no...
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Will Focus On Equal Rights For Women, Says Gujarat Panel On Uniform Civil Code
The high-level committee constituted by the Gujarat government to draft the Uniform Civil Code (UCC) will hold public consultations and focus on equal rights for women and care for children, its chairperson Justice (retired) Ranjana Desai said.
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Canada Regulator to Impose Fee on Google For Online News Law's Operating Costs
The imposition of the levy on Google comes at a time of increased tension between Canada and the United States over trade, border security, and a digital services tax on US technology firms.
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Amid Protests, Centre To Revise Draft Bill To Amend Advocates Act
Amid opposition to its various provisions from bar bodies, the government on Saturday said it will revise the draft Advocates (Amendment) Bill as it ended the public consultations on it that started earlier this month.
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Top Court Stays Order Asking Public Sector Company To Build Stalled Supertech Homes
The Supreme Court on Friday stayed an order appointing state-owned NBCC as the project management consultant to complete debt-ridden realty firm Supertech Ltd's 16 housing projects at nearly Rs 9,500 crore cost.
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Permanent Holding Area To Be Designed At 5 Stations Including New Delhi: Ashwini Vaishnaw
The railway ministry has asked engineering consultancy public sector firm RITES Ltd to design permanent holding areas at five railway stations, including New Delhi.
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SpaceX Might Get FAA Approval for 25 Starship Launches in 2025
A draft environmental assessment by the FAA suggests allowing SpaceX to increase Starship launches from Starbase, Texas, from the current limit of five annually to 25 by 2025. Public consultations in January 2024 will determine the next steps. Starship is SpaceX's reusable rocket intended for Moon and Mars missions, with six test flights conducted ...
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Draft Sports Policy Released For Public Consultation: Mansukh Mandaviya
Sports Minister Mansukh Mandaviya on Thursday said that a Draft Sports Policy, aimed at "modernizing and updating" the current framework in line with India's evolving sporting landscape, has been released for public consultation.
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National Book Trust Hiring Consultants, Young Professionals, Check Details
National Book Trust: The hiring will initially be done on a contractual basis which will be further extended depending on the performance of the candidate.
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Basel Committee of Banking Supervision Approves Crypto Asset Disclosure Framework for Banks
The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.
-
Brazil to Unveil Second Phase of Crypto Rules by End of 2024: Report
Without disclosing too many details about the ‘internal planning’, Brazil’s Apex bank has confirmed that laws to monitor the use of stablecoins and the role they can play in foreign exchange settlements and other payments are in the pipeline this year.
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AI Framework To Be Made Public As Soon As New Government Is Formed: Minister
Union Railways and IT Minister Ashwini Vaishnaw said on Tuesday that a robust framework on AI is ready to deal with its misuse and public consultations on the framework will begin as soon as the new government is formed.
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Explained: All About Hong Kong's New National Security Laws
Hong Kong's government on Friday unveiled its proposed national security bill, following a month-long public consultation that ended last week. City leaders want it to be swiftly passed, potentially within weeks.
-
TRAI Invites Public Comments on Ways to Make Smartphone Affordable in India
Telecom regulator TRAI on Thursday invited public comments to explore ways and means to make smartphone affordable in the country for digital inclusion. The Telecom Regulatory Authority of India (TRAI) as part of its consultation paper on "Digital Inclusion in the Era of Emerging Technologies" will assess if measures taken by the government such as...
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Google, Meta May Have to Pay Over CAD 230 Million in Canada Under Online News Act
Canada on Friday unveiled draft rules for a law designed to compel Alphabet's Google and Meta Platforms pay news outlets, saying Ottawa was addressing the companies' concerns that they may be facing an uncapped liability. The draft proposals, which will go through public consultation, would raise CAD 172 million (nearly Rs. 1,050 crore) per year f...
-
OpenAI Drops For-Profit Plans, Will Transition to Non-Profit-Governed Public Benefit Corporation
OpenAI has announced it will not convert into a traditional for-profit company, following legal consultations and external feedback. Instead, the firm will transition its commercial arm into a Public Benefit Corporation (PBC), ending its 100x profit cap and allowing more investor returns while maintaining its non-profit governance structure. The no...
-
Will Focus On Equal Rights For Women, Says Gujarat Panel On Uniform Civil Code
The high-level committee constituted by the Gujarat government to draft the Uniform Civil Code (UCC) will hold public consultations and focus on equal rights for women and care for children, its chairperson Justice (retired) Ranjana Desai said.
-
Canada Regulator to Impose Fee on Google For Online News Law's Operating Costs
The imposition of the levy on Google comes at a time of increased tension between Canada and the United States over trade, border security, and a digital services tax on US technology firms.
-
Amid Protests, Centre To Revise Draft Bill To Amend Advocates Act
Amid opposition to its various provisions from bar bodies, the government on Saturday said it will revise the draft Advocates (Amendment) Bill as it ended the public consultations on it that started earlier this month.
-
Top Court Stays Order Asking Public Sector Company To Build Stalled Supertech Homes
The Supreme Court on Friday stayed an order appointing state-owned NBCC as the project management consultant to complete debt-ridden realty firm Supertech Ltd's 16 housing projects at nearly Rs 9,500 crore cost.
-
Permanent Holding Area To Be Designed At 5 Stations Including New Delhi: Ashwini Vaishnaw
The railway ministry has asked engineering consultancy public sector firm RITES Ltd to design permanent holding areas at five railway stations, including New Delhi.
-
SpaceX Might Get FAA Approval for 25 Starship Launches in 2025
A draft environmental assessment by the FAA suggests allowing SpaceX to increase Starship launches from Starbase, Texas, from the current limit of five annually to 25 by 2025. Public consultations in January 2024 will determine the next steps. Starship is SpaceX's reusable rocket intended for Moon and Mars missions, with six test flights conducted ...
-
Draft Sports Policy Released For Public Consultation: Mansukh Mandaviya
Sports Minister Mansukh Mandaviya on Thursday said that a Draft Sports Policy, aimed at "modernizing and updating" the current framework in line with India's evolving sporting landscape, has been released for public consultation.
-
National Book Trust Hiring Consultants, Young Professionals, Check Details
National Book Trust: The hiring will initially be done on a contractual basis which will be further extended depending on the performance of the candidate.
-
Basel Committee of Banking Supervision Approves Crypto Asset Disclosure Framework for Banks
The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.
-
Brazil to Unveil Second Phase of Crypto Rules by End of 2024: Report
Without disclosing too many details about the ‘internal planning’, Brazil’s Apex bank has confirmed that laws to monitor the use of stablecoins and the role they can play in foreign exchange settlements and other payments are in the pipeline this year.
-
AI Framework To Be Made Public As Soon As New Government Is Formed: Minister
Union Railways and IT Minister Ashwini Vaishnaw said on Tuesday that a robust framework on AI is ready to deal with its misuse and public consultations on the framework will begin as soon as the new government is formed.
-
Explained: All About Hong Kong's New National Security Laws
Hong Kong's government on Friday unveiled its proposed national security bill, following a month-long public consultation that ended last week. City leaders want it to be swiftly passed, potentially within weeks.
-
TRAI Invites Public Comments on Ways to Make Smartphone Affordable in India
Telecom regulator TRAI on Thursday invited public comments to explore ways and means to make smartphone affordable in the country for digital inclusion. The Telecom Regulatory Authority of India (TRAI) as part of its consultation paper on "Digital Inclusion in the Era of Emerging Technologies" will assess if measures taken by the government such as...
-
Google, Meta May Have to Pay Over CAD 230 Million in Canada Under Online News Act
Canada on Friday unveiled draft rules for a law designed to compel Alphabet's Google and Meta Platforms pay news outlets, saying Ottawa was addressing the companies' concerns that they may be facing an uncapped liability. The draft proposals, which will go through public consultation, would raise CAD 172 million (nearly Rs. 1,050 crore) per year f...
