Latest news with #SupanthaMukherjee
Yahoo
7 days ago
- Business
- Yahoo
Code of practice to help companies with AI rules may come end 2025, EU says
By Foo Yun Chee and Supantha Mukherjee BRUSSELS (Reuters) -A code of practice designed to help thousands of companies comply with the European Union's landmark artificial intelligence rules may only be issued at the end of 2025, the European Commission said on Thursday, potentially marking a delay of more than six months. Alphabet's Google, Meta Platforms, European companies such as Mistral and ASML as well as several EU governments have called for a delay in implementing the Artificial Intelligence Act, partly due to the lack of a code of practice. Publication of the Code of Practice for large language models (GPAI) such as OpenAI's ChatGPT and similar models launched by Google and Mistral had originally been planned for May 2. "On the AI Act's GPAI rules, the European AI Board is discussing the timing to implement the Code of Practice, with the end of 2025 being considered," a Commission spokesperson said. Signing up to the code is voluntary but companies who decline to do so, as some Big Tech firms have indicated, will not benefit from the legal certainty provided to a signatory. The Commission pushed back against calls for a delay in rolling out the AI rules. "Our commitment to the goals of the AI Act, such as establishing harmonised risk-based rules across the EU and ensuring the safety of AI systems in the European market, remains unchanged," the spokesperson said.
Yahoo
18-06-2025
- Business
- Yahoo
Fintech Klarna to launch $40 per month mobile plan in US
By Supantha Mukherjee STOCKHOLM (Reuters) -Swedish fintech Klarna on Wednesday said it would launch an unlimited mobile plan in the U.S., joining other finance companies moving into the telecoms business, including British rival Revolut. A number of fintechs, including Germany's N26 and Brazil's Nubank, have started offering mobile services in various countries as they seek to diversify their revenues. Other investors outside the fintech arena have also put money into the mobile services business such as actor Ryan Reynolds and on Monday U.S. President Donald Trump's family business also licensed its name to launch a mobile service. Klarna's mobile plan, which includes unlimited 5G calls and data for $40 per month, will use the platform provided by U.S. mobile services startup Gigs. Google-backed Gigs, which as a partnership with AT&T, makes it easier for any company to become a mobile virtual network operator (MVNO) and sell mobile services to customers without owning the infrastructure that provides them. Klarna, which paused its plans for an initial public offering in April, has more than 25 million users in the U.S. and the fintech is increasingly choosing the country to launch new products. "Our ambition has always been to solve everyday problems ... mobile is a natural next step in building out our neobank offering," Klarna CEO Sebastian Siemiatkowski told Reuters. Most global fintechs have started a mobile service in other countries before entering the U.S., but Klarna plans to start in the U.S., its largest market, and roll out in the UK, Germany and other markets later this year. "There will be significant disruption to the MVNO market over the next two years, as enterprises try their hand at launching their own MVNO service," Juniper Research analyst Alex Webb said. "However, increased competition brings increased risk, so not all MVNO projects are likely to be successful." U.S. MVNO market size is estimated at $14.83 billion in 2025, and is expected to reach $20.84 billion by 2030, according to research firm Mordor Intelligence.
Yahoo
18-06-2025
- Business
- Yahoo
Fintech Klarna to launch $40 per month mobile plan in US
By Supantha Mukherjee STOCKHOLM (Reuters) -Swedish fintech Klarna on Wednesday said it would launch an unlimited mobile plan in the U.S., joining other finance companies moving into the telecoms business, including British rival Revolut. A number of fintechs, including Germany's N26 and Brazil's Nubank, have started offering mobile services in various countries as they seek to diversify their revenues. Other investors outside the fintech arena have also put money into the mobile services business such as actor Ryan Reynolds and on Monday U.S. President Donald Trump's family business also licensed its name to launch a mobile service. Klarna's mobile plan, which includes unlimited 5G calls and data for $40 per month, will use the platform provided by U.S. mobile services startup Gigs. Google-backed Gigs, which as a partnership with AT&T, makes it easier for any company to become a mobile virtual network operator (MVNO) and sell mobile services to customers without owning the infrastructure that provides them. Klarna, which paused its plans for an initial public offering in April, has more than 25 million users in the U.S. and the fintech is increasingly choosing the country to launch new products. "Our ambition has always been to solve everyday problems ... mobile is a natural next step in building out our neobank offering," Klarna CEO Sebastian Siemiatkowski told Reuters. Most global fintechs have started a mobile service in other countries before entering the U.S., but Klarna plans to start in the U.S., its largest market, and roll out in the UK, Germany and other markets later this year. "There will be significant disruption to the MVNO market over the next two years, as enterprises try their hand at launching their own MVNO service," Juniper Research analyst Alex Webb said. "However, increased competition brings increased risk, so not all MVNO projects are likely to be successful." U.S. MVNO market size is estimated at $14.83 billion in 2025, and is expected to reach $20.84 billion by 2030, according to research firm Mordor Intelligence. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
17-06-2025
- Business
- Time of India
Swedish military joins Telia, Ericsson to boost defense tech
By Supantha Mukherjee STOCKHOLM: The Swedish Armed Forces on Tuesday joined Telia and Ericsson 's 5G innovation program to strengthen military communications , logistics, security and support interoperability within the NATO alliance. Telecom operator Telia and mobile gear maker Ericsson partnered in 2023 to start the NorthStar 5G innovation program to experiment on the latest 5G technologies and had focused on industrial customers. "We need to speed it up due to the geopolitical situation in the last six months," Brigadier-General Mattias Hanson, chief information officer at the Swedish Armed Forces, told Reuters. "We have talked about it for years, but now we have to start it up," he said. European countries have been scrambling to boost their defences against a potential Russian attack after the Trump administration made clear since it took office that the U.S. was no longer willing to be the main guarantor of Europe's security. Sweden, NATO's newest member, currently spends around 2.7% of GDP on defence and said this year it would target 3.5% of defence spending in 2030. The Swedish Armed Forces would work with new players and startups to build new capabilities and solve military problems. One of the areas of cooperation will be communication for drones, Hanson said. "We will try to figure out how to be faster in innovation and how to solve a military problem with civilian technology." The military has its own communication system, but plans to use a combination of different technologies such as radio, satellites, 5G and fiber optics.
The Star
16-06-2025
- Business
- The Star
Microsoft lays out data protection plans for European cloud customers
FILE PHOTO: A Microsoft sign is pictured at a trade fair in Hannover Messe, in Hanover, Germany, April 22, 2024. REUTERS/Annegret Hilse/File Photo STOCKHOLM (Reuters) -Microsoft on Monday said data stored by its European cloud customers would stay in Europe, under European Law, with operations controlled by its local personnel, and under full control of customers. European companies and governments have been increasingly worrying about their data being moved outside the continent into the hands of other countries such as the U.S., pushing the American companies such as Microsoft to announce safeguards. Microsoft in April laid out plans to protect user data as it expands its cloud and AI infrastructure in Europe, including respecting European laws seeking to rein in the power of large technology companies. On Monday, the company said all remote access by Microsoft engineers to the systems that store and process European data would be approved and monitored by European resident personnel in real-time. Microsoft said its sovereign private cloud is in preview mode currently and will be generally available later this year. (Reporting by Supantha Mukherjee in Stockholm; Editing by Christian Schmollinger)
