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News on Medial
Twitch walks back new rules allowing 'artistic nudity' after just 2 days due to concerns over AI-created deepfakes
Business Insider
·
1y ago
Medial
Twitch has reversed its policy on "artistic nudity" just two days after implementing the rule change. The decision came after AI-generated women began streaming topless on the platform, blurring the line between digital art and photography. Twitch CEO, Dan Clancy, acknowledged that the previous rule went "too far" and apologized for the confusion caused by the update. While the ban on "artistic nudity" has been reinstated, other changes to Twitch's sexual content rules, such as allowing certain body highlighting and dances, remain in effect.
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Related News
'Artistic Depictions of Nudity' are now allowed on Twitch
Gizmodo
·
1y ago
Medial
Twitch has revised its sexual content policy, now allowing artistic nudity and content featuring deliberate highlighting of breasts, buttocks, or pelvic region (even when clothed). These changes aim to make the policy clearer and fairer to creators, while also ensuring a more inclusive environment for female-presenting streamers. Twitch will also permit fictionalized fully exposed breasts and genitals, as well as erotic dances like strip teases with the appropriate content labels. However, explicit sexual acts or masturbation remain prohibited.
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After Prime, Amazon's Twitch and Audible face layoffs due to financial issues
Livemint
·
1y ago
Medial
Amazon's gaming streaming unit, Twitch, is laying off 500 staff members (one-third of its workforce) due to financial struggles. Additionally, Audible, an Amazon company, is planning to cut 5% of its workforce. This comes after recent job cuts in Amazon's Prime Video and MGM Studios units, as the company aims to cut back in areas that are not delivering. Other tech companies, including Google and Xerox, have also announced layoffs in recent days.
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Critical CitrixBleed 2 vulnerability has been under active exploit for weeks
Arstechnica
·
1m ago
Medial
A critical CitrixBleed 2 vulnerability in Citrix's network management devices has been actively exploited for weeks, allowing hackers to bypass authentication and access sensitive data. Despite Citrix stating no evidence of such exploitation, researchers have found attacks dating back to June. The flaw, affecting NetScaler devices, leaks memory contents enabling credential reconstruction. Security experts criticize Citrix for inadequate advisories, urging organizations to use specific indicators to detect potential breaches beyond just applying patches.
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Govt likely to release draft data protection rules within a month: Ashwini Vaishnaw
Economic Times
·
11m ago
Medial
The Indian government is preparing to release the draft of executive rules for the implementation of the Digital Personal Data Protection (DPDP) Act. The rules will be created digitally and will follow a simple language approach. Stakeholders will have a period of 45-60 days to provide feedback on the draft. The DPDP Act is India's first regulation on digital personal privacy and covers the collection, processing, and storage of personal data. The government is also planning consultations on a broadcasting bill to address the broader creator economy.
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SEBI Issues Borrowing Guidelines For Category-I & II AIFs
Inc42
·
11m ago
Medial
The Securities and Exchange Board of India (SEBI) has announced new rules allowing Alternative Investment Funds (AIFs) to obtain short-term loans for up to 30 days to meet temporary funding and operational needs. The move is aimed at providing flexibility and ease of doing business for AIFs. Managers will be required to disclose loan details, terms, and repayment to all investors periodically.
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X Rolls Out Community Notes In India To Combat Misinformation
Inc42
·
1y ago
Medial
Elon Musk's microblogging platform, X, has launched the Community Notes program in India to promote fact-checking on the platform. This feature allows users to add context and collaborate in combatting potentially misleading posts. Community Notes was first introduced in the US in 2021 and is now expanding to include contributors from 69 countries. The notes are created independently by contributors and cannot be modified by X. The algorithm used for Community Notes is open source and transparent, allowing for auditing and improvements. X will only intervene if a note violates platform rules or privacy policies.
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Paytm Continues To Bleed: Shares Fall Another 2% To Hit Fresh Record Low
Inc42
·
1y ago
Medial
Paytm shares dropped by 2% on Friday, hitting a new record low of INR 318.35 on the BSE. Over the past month, the stocks have fallen nearly 55%, losing around INR 27,000 Cr in just 11 trading days. This decline has been attributed to the regulatory action on Paytm Payments Bank, which has been barred from processing banking services and transactions. The Reserve Bank of India has also asked for an investigation into suspected breaches at Paytm Payments Bank.
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Little Pepe's (LILPEPE) presale stage 1 sold out in only three days - The Economic Times
Economic Times
·
1m ago
Medial
Little Pepe (LILPEPE) has generated significant interest in the crypto market, with its presale stage 1 selling out in just three days, raising $500,000. As a meme coin on a Layer-2 blockchain, it promises fast transactions and zero-tax trades. Little Pepe aims to surpass Dogecoin and Shiba Inu's popularity, supported by a $777,000 giveaway and planned exchange listings. The project combines meme culture with advanced technology, offering innovative features like a meme coin launchpad and anti-sniper bot technology.
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FTX cleared to repay billions to customers after bankruptcy plan approval
Economic Times
·
10m ago
Medial
1. FTX, a bankrupt crypto exchange, has received court approval for its wind-down plan, allowing it to repay customers using up to $16.5 billion in recovered assets. 2. The plan prioritizes repaying FTX customers before other competing claims, and aims to repay 98% of customers who held $50,000 or less on the exchange within 60 days. 3. FTX's founder, Sam Bankman-Fried, has been sentenced to 25 years in prison for stealing from FTX customers, but the company is in talks with the U.S. Department of Justice regarding seized funds. 4. U.S. government agencies have agreed to let FTX focus on customer repayments over fines and tax debts, and a liquidator appointed in the Bahamas has joined forces with FTX. 5. FTX has recovered cash and crypto assets that went missing during its collapse, and has raised additional funds by selling off other assets, such as its investments in tech companies. 6. Some FTX customers have expressed disappointment over missing out on crypto price rebounds, and some have objected to the wind-down plan, demanding higher repayments based on recent cryptocurrency value increases.
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LoanKuber raises $3.5 Mn led by TRTL VC, IPV, others
Entrackr
·
11m ago
Medial
Mortgage brand LoanKuber, which operates Janasha Finance, has raised $3.5 million in a pre-Series B round led by Singapore-based TRTL VC and existing backer Inflection Point Ventures. The round also saw participation from Auxano, LetsVenture, Mavuca Capital as well as angel investors such as Ruchi Deepak (co-founder, Acko), Prashant Tandon (co-founder, 1mg) and Pankaj Vermani (co-founder, Clovia). Earlier in February last year, the startup had raised $2 million in Series A round led by Inflection Point Ventures and others. It has raised $13 million to date. The proceeds will be used for expanding its assets under management (AUM), which currently stand at approximately Rs 93 crore. It will also be deployed in technological infrastructure and help strengthen its leadership team. Founded in 2017 by Saurabh Nagpal, LoanKuber provides customised mortgage loans to undeserved MSMEs. It claims to build an automated institutional co-lending platform for micro-mortgages allowing for competitive pricing to the end customer while generating significantly higher yields on its own NBFC balance sheet. The company has created hybrid acquisition channels that include a digital connector platform, lead generation platform, and low-cost branches reducing customer acquisition costs by 30%. According to LoanKuber, it has put strong focus on unit metrics/capital efficiency and frugal operations has helped LoanKuber build a profitable business since inception. With the net worth now increasing to around Rs 51 crore, LoanKuber plans to scale its AUM to approximately Rs 180 crore within the next 12 months.
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