Anthropic CEO Dario Amodei is facing challenges in a copyright lawsuit against OpenAI, as reported in new court filings. The Read more
Artificial Intelligence Terminology: A Comprehensive Guide Artificial General Intelligence (AGI) Artificial General Intelligence (AGI) surpasses conventional AI capabilities by excelling Read more
On Sunday, the European Union granted regulators the authority to prohibit the use of AI systems considered to pose an Read more
LexisNexis Risk Solutions, a data broker that collects and uses consumers’ personal data to help its paying corporate customers detect Read more
India has announced a new $1.15 billion Fund of Funds for startups, along with regulatory reforms and a nuclear energy program to boost tech innovation and clean energy. Finance Minister Nirmala Sitharaman revealed these initiatives during the federal budget presentation for 2025-26. The fund will have an “expanded scope” compared to previous programs, aimed at supporting startups working on advanced technologies.
High-Level Committee for Regulatory Reforms
Sitharaman also outlined plans for a High-Level Committee for Regulatory Reforms to review non-financial sector regulations, certifications, licenses, and permissions within a year. The goal is to strengthen economic governance and ease compliance burdens for startups and technology companies.
Nuclear Energy Mission and Tax Benefits
Additionally, the government announced a $2.3 billion Nuclear Energy Mission to develop indigenous small modular reactors by 2033. There are also plans to achieve 100 gigawatts of nuclear energy capacity by 2047. Furthermore, tax benefits for startups have been extended by five years, with reductions in guarantee fees and credit guarantee limits for specific sectors. A new scheme will target 500,000 first-time entrepreneurs, focusing on women and marginalized communities.
