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The European Union has approved the world's first law governing AI development, which sets compliance timelines and regulations based on the risk posed by each AI system. Indian startups and businesses providing AI systems in the EU may face increased compliance burdens and costs, impacting their competitiveness. The Act is expected to come into force by the end of June.
Companies like Yellow AI, Sigtuple, Qure AI, and Cropin AI from India have a presence in the region and are eyeing international expansion, including in key markets like Europe. The Act requires risk assessments within six months to determine compliance categories, potentially leading to substantial costs and administrative burdens for companies. The short compliance window could be challenging for small and medium-sized enterprises, with penalties for non-compliance reaching up to €1,50,00,000 or 3% of total turnover.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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