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Microsoft-backed AI4Bharat researchers to raise $12 mn: Report

Inshorts · 2y ago

Microsoft-backed AI4Bharat researchers to raise $12 mn: Report

AI researchers from AI4Bharat, an initiative by IIT Madras, are seeking to secure $12 million in funding from Peak XV Partners and Lightspeed Venture Partners to establish a new AI startup called Sarvam. The startup aims to develop specialized large language models tailored to India-specific applications. AI4Bharat is supported by Microsoft and NVIDIA, providing further backing to the venture.

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Microsoft says it caught hackers from China, Russia and Iran using its AI tools

Economic Times

Economic Times · 1y ago

Microsoft says it caught hackers from China, Russia and Iran using its AI tools

State-backed hackers from Russia, China, and Iran have been utilizing tools from Microsoft-backed OpenAI to enhance their hacking skills and deceive their targets, according to a report by Microsoft. The report states that hacking groups affiliated with Russian military intelligence, Iran's Revolutionary Guard, and the Chinese and North Korean governments have been using language models to refine their hacking campaigns. As a result, Microsoft has imposed a ban on state-backed hacking groups from using its AI products. Concerns about the misuse of AI technology for cyber espionage have been raised by cybersecurity officials in the West.

How DMA gatekeepers are responding to the EU's new competition rules -- in their own words

TechCrunch · 1y ago

How DMA gatekeepers are responding to the EU's new competition rules -- in their own words

The compliance deadline for tech giants regulated under the EU's Digital Markets Act (DMA) has passed. The EU will now assess whether companies like Google, Amazon, and Microsoft are abiding by DMA requirements. The first batch of gatekeeper compliance reports, providing varying levels of detail, has been published. Reports range from a brief 12-page summary from Apple to a multipart report from Microsoft spanning over 400 pages. Amazon's report is visually appealing, while Google's is long and dense. Meta emphasizes its efforts to comply, while ByteDance's report is written in legalese.

Microsoft says it caught hackers from China, Russia and Iran using its AI tools

Reuters · 1y ago

Microsoft says it caught hackers from China, Russia and Iran using its AI tools

According to a report by Microsoft, state-backed hackers from Russia, China, and Iran have been using OpenAI's tools to improve their hacking techniques. These hackers are utilizing large language models, also known as AI, to develop more convincing emails and generate content for spear-phishing campaigns. In response, Microsoft has implemented a ban on state-backed hacking groups accessing its AI products. The use of AI tools by hackers raises concerns about the potential misuse and abuse of the technology.

Asha Ventures taps key local LP for $90 mn VC fund

VCCircle

VCCircle · 1y ago

Asha Ventures taps key local LP for $90 mn VC fund

Asha Ventures, a climate and impact-focused venture capital investor, has secured an onshore institutional investor to raise capital for its latest VC fund. The company, known for backing firms like Truemeds and Adda247, has partnered with the government-backed Self-Reliant India (SRI) as it aims to raise its maiden VC fund.

Microsoft announces AI bug bounty programme, offers up to $15,000 reward

Economic Times

Economic Times · 1y ago

Microsoft announces AI bug bounty programme, offers up to $15,000 reward

Microsoft has announced an AI bug bounty programme, inviting security researchers to find vulnerabilities in its AI-powered Bing experience. The programme offers rewards ranging from $2,000 to $15,000 for qualified submissions. Other eligible products include AI-powered Bing integrations in Microsoft Edge, the Microsoft Start app, and the Skype Mobile app. The goal is to uncover vulnerabilities that impact customer security. Last year, Microsoft awarded $13.8 million in incentives to security researchers, who identified 1,180 vulnerabilities across various bug bounty programmes.

North Korea-backed hackers target security researchers with 0-day

Arstechnica

Arstechnica · 1y ago

North Korea-backed hackers target security researchers with 0-day

North Korea-backed hackers are once again targeting security researchers, using a zero-day exploit and related malware to infiltrate computers used for sensitive cybersecurity investigations. Google researchers discovered the unfixed zero-day vulnerability in a popular software package used by the targeted researchers. The hackers established working relationships with the researchers before exploiting the vulnerability using a malicious file. This campaign closely matches a previous one definitively tied to North Korean government-backed hackers. The hackers pose as security researchers and develop relationships on social media before sharing Trojanized exploits or analysis tools with their targets.

Startup India: 1.14 Lakh Startups Have Created Over 12 Lakh Jobs So Far

Inc42 · 1y ago

Startup India: 1.14 Lakh Startups Have Created Over 12 Lakh Jobs So Far

According to a report by the Ministry of Finance, over 1.14 lakh startups recognized by the Indian government under the Startup India initiative have created more than 12 lakh jobs as of October 2023. The report also highlights that 2.1 lakh loans were disbursed under the initiative, with 84% of those loans sanctioned to women entrepreneurs. The report mentions the state-backed Open Network for Digital Commerce (ONDC), which recorded over 63 lakh transactions until November 2023. The report also mentions the challenges posed by artificial intelligence (AI) on employment.

Deep-tech startup Nexstem raises $3.5 Mn

Entrackr

Entrackr · 9m ago

Deep-tech startup Nexstem raises $3.5 Mn

Bengaluru-based startup Nexstem has secured $3.5 million in a funding round led by InfoEdge, Zupee, Smile Group, and Gruhas. The deep-tech company plans to use the funds to expand its product ecosystem and accelerate the development of its Brain-Computer Interface (BCI) suite. Nexstem's BCI product, Instinct, leverages AI-driven technology to analyze biosignals and enable communication between the human brain and external devices. The company aims to make BCI technology more accessible to researchers, clinicians, and developers. Nexstem's technology has been recognized by industry leaders such as Microsoft for Startups and NASSCOM.

India’s AI race heats up as entrepreneurs, researchers, and startups vie for IndiaAI Mission funding

Economic Times

Economic Times · 5m ago

India’s AI race heats up as entrepreneurs, researchers, and startups vie for IndiaAI Mission funding

In India's AI race, entrepreneurs and researchers are vying for funding under the IndiaAI Mission, backed by Rs 1,500 crore support and subsidized computing resources. Individuals and startups, even those without tech backgrounds, are encouraged to submit proposals. Ventures like Genloop and EJY Health are developing AI models with national applications, while others like EliteNotes aim for multilingual interfaces. The mission aims to establish a sovereign AI foundation model within 9-12 months.

Microsoft finds Russian influence operations targeting U.S. election have slowly begun

Reuters · 1y ago

Microsoft finds Russian influence operations targeting U.S. election have slowly begun

Microsoft has reported finding Russian online campaigns targeting the upcoming US presidential election. The activity, which includes disseminating divisive content aimed at US audiences, has been ongoing for the past 45 days. Despite being slower than previous elections, researchers believe this could be just the beginning of more interference. The Kremlin denied claims of orchestrating campaigns to sway the 2016 and 2020 elections. The Russian embassy in Washington has not yet commented on the report.

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