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ED case against five Bengaluru-based entities for 'unauthorised' cross-border crypto transactions
The Enforcement Directorate has initiated a FEMA probe into five companies located in Bengaluru for their alleged involvement in unauthorized cross-border transactions amounting to Rs 2,500 crore through cryptocurrency. Investigations uncovered significant regulatory evasion via online ads promoting immediate fiat-to-crypto swaps and the establishment of shell companies. Consequently, the ED has frozen bank accounts totaling around Rs 6 crore.
Norway is implementing strict rules on generative AI for students, nearly banning it for those aged 6-13 to safeguard fundamental learning like reading and writing. Older students will use AI cautiously under supervision, while those in upper secondary will learn its appropriate use.
Maharashtra signs MoU with Google for AI training of over 4 lakh teachers
Maharashtra's School Education department has partnered with Google for Education to equip over four lakh teachers with AI and digital technology skills. This free, state-controlled initiative will train master trainers who will then cascade knowledge across the state, aiming to boost digital literacy and professional development for educators.
Reliance’s AI ambitions & other key takeaways from its 2026 AGM
Reliance Industries is aggressively pursuing AI leadership in India, aiming to build sovereign infrastructure and develop AI solutions for the nation. The company announced plans for a significant Jio IPO, a rapid expansion of its quick commerce business, and the integration of AI across its network and media platforms.
Jio revs up IPO engine; Accenture shock sinks IT
Jio Platforms has kicked off its IPO process with the filing of its draft papers with Sebi. This and more in today's ETtech Top 5.
France mobilises €13 billion for tech sovereignty funding push
France has secured €13 billion in new funding for technology firms. This boost comes from institutional investors under the Tibi initiative. The aim is to reach €15 billion by 2030. Half of this new investment will support deeptech companies. This move will help French and European firms grow and list on stock markets.
AI-generated ads should be exempt from EU transparency rules, retail association says
The European Union AI Act, which enters into force on August 2, requires companies to clearly label where artificial intelligence has been used to generate or modify images, video or audio content "constituting a deep fake".
Meta signs new AI computing deals with data center firm Crusoe: Report
Meta is under contract to buy computing capacity from Crusoe at two data centers, which are located in Childress, Texas, and Warrenton, Missouri, according to the report.
Turkish competition board approves Uber acquisition of Getir delivery business
"The commitment by Uber Technologies Inc. to invest a total of US$500 million in Turkey is expected to support high-quality employment, strengthen local engineering capabilities, and positively contribute to the development of Turkey's digital and technology infrastructure," the competition board said.
Hyundai to buy SoftBank's remaining stake in Boston Dynamics for $325 million: Media report
Hyundai Motor is expected to convene a board meeting on June 22 to approve the purchase, the newspaper said, citing unnamed industry sources.
RMZ to ramp up data center capacity with $35 billion push, exec says
The Bengaluru-headquartered company, which currently has 250 megawatts of capacity, is in the final stages of discussions for three data center projects that would take its total capacity to more than 1 gigawatt, Deepak Chhabria, president of RMZ Infrastructure, told Reuters in an interview on Thursday.
Deepinder Goyal's Temple claims discovery of biomarker that calculates cost of being alive; here’s what it means
Deepinder Goyal's startup Temple has unveiled 'Entropy,' a new biomarker measured on the temple region to quantify the real-time cost of being alive. This metric, displayed as a live score, aims to help users understand and optimise their body's energy expenditure during rest and exertion.
Delhi High Court rejects Telegram's appeal against temporary blocking of app
A New Delhi court has rejected Telegram's appeal against a temporary ban in India. The ban was imposed to curb alleged exam-related fraud. India's IT ministry cited concerns about channels offering exam questions for sale. The court ruled that government orders banning the app were reasoned and followed legal procedures.
Telegram ban: Delhi HC upholds India's temporary ban on WhatsApp rival ahead of NEET re-test
The Delhi High Court has backed the government's decision to temporarily restrict Telegram access until June 22. This measure aims to stop the spread of fake NEET 2026 re-examination papers and related fraud. The government cited Telegram's architecture as a challenge for law enforcement. The National Testing Agency recommended the ban to the Ministry of Electronics and Information Technology.
Early users of Anthropic's Mythos still have access after US order: Report
Select companies continue to access Anthropic's Mythos AI preview. This access remains despite a US government directive that halted other versions of the system. Bloomberg News reported this development.