May 2023

China isn’t waiting to set down rules on generative AI

May 31, 2023
China Report is MIT Technology Review’s newsletter about technology developments in China. Sign up to receive it in your inbox every Tuesday. Back in April, there was a major development in the AI space in China. The Chinese internet regulator published a draft regulation on generative AI. Named Measures for the Management of Generative Artificial Intelligence Services,…

NomuPay, formed from pieces of failed fintech Wirecard, says it’s raised $53.6M for cross-border payments

May 31, 2023

We still see regular updates on the calamitous fallout of the 2020 collapse of Wirecard, the now-insolvent fintech out of Germany that had built an elaborate house of cards on false accounting and murky business. Meanwhile, some of the assets from that operation, now under new ownership, appear to be in growth mode. NomuPay — […]

NomuPay, formed from pieces of failed fintech Wirecard, says it’s raised $53.6M for cross-border payments by Ingrid Lunden originally published on TechCrunch

New regulation in India seeks to stub out tobacco glorification on streaming platforms

May 31, 2023

India’s health ministry has unveiled stringent guidelines for on-demand video streaming services, necessitating warnings about smoking and the use of other tobacco products when such activities are portrayed on screen. The new regulations, termed as the Cigarettes and other Tobacco Products Amendments Rules, 2023, will come into effect in three months. The updated policy mandates […]

New regulation in India seeks to stub out tobacco glorification on streaming platforms by Manish Singh originally published on TechCrunch

Volvo’s new small EV tries to optimize space with Scandinavian design

May 31, 2023

Volvo is continuing to drip-feed more information about its upcoming electric Volvo EX30 small SUV. Last week the automaker promised the new EV would have the smallest carbon footprint of any previously made Volvo vehicle. Now, Volvo is hyping up the use of Scandinavian design skills to optimize space in the small vehicle. We don’t […]

Volvo’s new small EV tries to optimize space with Scandinavian design by Rebecca Bellan originally published on TechCrunch

NXP unveils its latest processor, the i.MX 91, during Computex

May 31, 2023

During Computex today, Dutch semiconductor giant NXP announced its i.MX 91, the latest processor from its i.MX 9 series of applications processors for industrial, medical, consumer and IoT use cases. During his keynote, NXP Secure Connected Edge executive vice president and general manager Rafael Sotomayor gave some details about the new processor. Features include an […]

NXP unveils its latest processor, the i.MX 91, during Computex by Catherine Shu originally published on TechCrunch

Uber drops ride discounts for subscribers, switches to cash back

May 31, 2023

Uber is dropping the 5% discounts on eligible rides that it previously offered members of its Uber One subscription service, according to an email sent out to customers. Starting on their next billing cycle, subscribers will now earn 6% so-called “Uber Cash” on eligible rides that can be spent on Uber and Uber Eats. It’s […]

Uber drops ride discounts for subscribers, switches to cash back by Rebecca Bellan originally published on TechCrunch