Indian fintech startup Mintoak has acquired Digiledge in a deal valued at around $3.5 million, marking the first acquisition in India‘s central bank digital currency (CBDC) sector.
The move comes as the Reserve Bank of India continues expanding its pilot for the e-rupee, which was launched in December 2022 as a digital alternative to physical currency.
Mintoak, backed by PayPal and HDFC Bank, aims to enhance its merchant payment services by integrating Digiledge’s CBDC and bill payment capabilities.
Mintoak’s partner banks, including HDFC Bank, Axis Bank, and SBI, will now be able to offer a broader range of CBDC-related payment solutions.
CEO Raman Khanduja stated that the acquisition would help merchant acquirers support small and medium enterprises with improved digital tools and financial services. The expansion aligns with India’s growing efforts to strengthen digital transactions and financial inclusion.
Several payment firms are actively seeking to participate in the CBDC pilot, with Cred and MobiKwik already enabling customer access earlier this year.
Google Pay, PhonePe, and Amazon Pay have also expressed interest in joining, as India’s digital payments ecosystem continues to evolve rapidly.
For more information on these topics, visit diplomacy.edu.
Speaking at the Mobile World Congress in Barcelona, Brendan Carr argued that the European Union‘s content moderation law is incompatible with America’s free speech tradition and puts undue pressure on US tech firms operating in Europe.
Carr’s comments reflect growing tensions between the United States and Europe over digital regulation. The FCC chairman accused the DSA of promoting censorship, echoing concerns raised by US Vice President JD Vance at an AI summit in Paris.
The Trump administration has made free speech a key policy focus, with President Trump vowing to combat online censorship and warning of scrutiny over the DSA’s impact on US businesses.
Tech giants such as Apple, Meta, and Alphabet have been asked to explain how they plan to comply with both the DSA and US free speech principles.
Some companies are considering geofencing to create separate platforms for different regions, though Carr questioned whether this would be practical.
The European Commission defended the law, stating it aims to protect fundamental rights and ensure a safer online environment.
For more information on these topics, visit diplomacy.edu.
Skype, the pioneering internet calling service that revolutionised communication in the early 2000s, will make its final call on May 5, as Microsoft retires the platform after two decades.
This move is part of Microsoft’s strategy to concentrate on its Teams service, which has become central to its business communication offerings, particularly since the pandemic.
Despite its early success and a peak of hundreds of millions of users, Skype struggled to compete with newer services like Zoom and Slack.
The platform’s decline was partly due to its inability to adapt to the mobile era, while Microsoft’s Teams has successfully integrated with Office applications, securing its position in the corporate sector.
Microsoft has assured Skype users that they will be able to transition smoothly to Teams, with their contacts and chats migrating automatically. While Skype had once been a major player, its decline mirrors other Microsoft missteps, such as its failed ventures with Internet Explorer and Windows Phone.
For more information on these topics, visit diplomacy.edu.
Britain’s media regulator, Ofcom, has set a 31 March deadline for social media and online platforms to submit a risk assessment on the likelihood of users encountering illegal content. This move follows new laws passed last year requiring companies such as Meta’s Facebook and Instagram, as well as ByteDance’s TikTok, to take action against criminal activities on their platforms. Under the Online Safety Act, these firms must assess and address the risks of offences like terrorism, hate crimes, child sexual exploitation, and financial fraud.
The risk assessment must evaluate how likely it is for users to come across illegal content, or how user-to-user services could facilitate criminal activities. Ofcom has warned that failure to meet the deadline could result in enforcement actions against the companies. The new regulations aim to make online platforms safer and hold them accountable for the content shared on their sites.
The deadline is part of the UK‘s broader push to regulate online content and enhance user safety. Social media giants are now facing stricter scrutiny to ensure they are addressing potential risks associated with their platforms and protecting users from harmful content.
For more information on these topics, visit diplomacy.edu.
A group of researchers from Hao AI Lab at the University of California San Diego has suggested that Super Mario Bros. might actually be a tougher challenge for AI than Pokémon. In a recent experiment, AI models were tasked with playing the game, and while Anthropic’s Claude 3.7 performed the best, models like Google’s Gemini 1.5 Pro and OpenAI’s GPT-4o struggled. The game was not the original 1985 version but instead ran in an emulator integrated with GamingAgent, a framework that provided basic instructions and screenshots for the AI to control Mario.
The AI had to generate inputs, such as Python code, based on the given instructions to navigate Mario through the game’s challenges. The researchers found that while the game required models to plan complex manoeuvres and strategies, reasoning models like OpenAI’s o1 performed worse than non-reasoning models. This is because reasoning models typically take longer to decide on actions, and in a real-time game like Super Mario Bros., timing is critical.
While games have long been used to benchmark AI, some experts question the relevance of gaming skills as a measure of technological advancement. Andrej Karpathy, a research scientist at OpenAI, has expressed concerns over the current AI evaluation process, calling it an ‘evaluation crisis.’ Despite these concerns, watching AI take on Super Mario Bros. provides an interesting glimpse into how far AI has come, even if the benchmarks remain unclear.
For more information on these topics, visit diplomacy.edu.
Democratic lawmakers are calling for an explanation from the Pentagon after reports surfaced about an order to pause offensive cyber operations against Russia during sensitive negotiations aimed at ending the war in Ukraine.
The decision to halt such operations, which disrupt rival computer networks, is not unusual in the context of diplomatic efforts but has raised concerns among lawmakers. The order was first reported by The Record and later confirmed by two anonymous sources familiar with the matter.
Senate Minority Leader Chuck Schumer criticised the move, calling it a ‘critical strategic mistake’ and arguing that ‘the best defence is always a strong offence’, especially in cybersecurity.
Representative Adam Smith, the top Democrat on the House Armed Services Committee, also demanded that the Pentagon provide Congress with details regarding the scope of the pause and its potential impact on US allies. He further questioned whether a risk assessment was made before the decision.
The Pentagon declined to comment on the matter, citing operational security concerns. The pause in cyber operations comes amid rising tensions surrounding President Donald Trump’s recent dealings with Russia, including a public clash with Ukrainian President Volodymyr Zelenskiy.
Trump has shifted US policy by engaging in talks with Moscow and openly criticising Zelenskiy, suggesting that America could pull its support for Ukraine if the war does not end soon.
For more information on these topics, visit diplomacy.edu.
Lenovo has won an appeal in a UK court that will allow it to secure a temporary licence for Ericsson’s patents, marking a significant development in the ongoing patent dispute between the two companies.
The case, which revolves around fair, reasonable, and non-discriminatory (FRAND) licensing terms for 4G and 5G wireless technology, has seen both companies take legal action in various countries, including the UK, Brazil, and the US.
In his ruling, Judge Richard Arnold determined that Ericsson had failed to act in good faith by pursuing legal claims in foreign courts despite Lenovo’s willingness to accept the FRAND terms set by the English courts.
He stated that, as a willing licensor, Ericsson should have agreed to an interim licence, with Lenovo being required to pay a substantial sum to Ericsson. Lenovo’s Chief Legal Officer hailed the decision as a victory for transparency and fairness in global patent licensing.
The ruling follows Lenovo’s 2023 lawsuit against Ericsson in the UK, a part of the broader dispute between the two over the terms for the use of each other’s patents. Ericsson has yet to comment on the decision.
For more information on these topics, visit diplomacy.edu.
Twenty-three industry groups across Europe have urged EU officials to approve a draft cybersecurity certification for cloud services.
The certification scheme, which was introduced in 2020 by the European Union Agency for Cybersecurity (ENISA), aims to provide governments and businesses with reliable, secure cloud service providers.
It has been under revision since last year, with changes that favour major tech firms such as Microsoft, Google, and Amazon.
The groups, including the American Chamber of Commerce and various EU trade associations, argue that the updated draft, which will be finalised in March 2024, strikes a balance between robust security standards and an open market.
These revisions removed political provisions, such as requirements for US tech companies to partner with EU firms for data storage, focusing instead on technical security criteria.
Despite this, concerns linger about the European Commission potentially delaying or even scrapping the certification scheme altogether. The groups have strongly urged the EU to push forward with its adoption, believing it will support Europe’s digital economy while promoting secure cloud computing solutions.
For more information on these topics, visit diplomacy.edu.
Vodafone UK has teamed up with IBM to explore quantum-safe cryptography as part of a new Proof of Concept (PoC) test for its mobile and broadband services, particularly for users of its ‘Secure Net’ anti-malware service. While quantum computers are still in the early stages of development, they could eventually break current internet encryption methods. In anticipation of this, Vodafone and IBM are testing how to integrate new post-quantum cryptographic standards into Vodafone’s existing Secure Net service, which already protects millions of users from threats like phishing and malware.
IBM’s cryptography experts have co-developed two algorithms now recognised in the US National Institute of Standards and Technology’s first post-quantum cryptography standards. This collaboration, supported by Akamai Technologies, aims to make Vodafone’s services more resilient against future quantum computing risks. Vodafone’s Head of R&D, Luke Ibbetson, stressed the importance of future-proofing digital security to ensure customers can continue enjoying safe internet experiences.
Although the PoC is still in its feasibility phase, Vodafone hopes to implement quantum-safe cryptography across its networks and products soon, ensuring stronger protection for both business and consumer users.
For more information on these topics, visit diplomacy.edu.
Britain’s privacy regulator, the Information Commissioner’s Office (ICO), has launched an investigation into the child privacy practices of TikTok, Reddit, and Imgur. The ICO is scrutinising how these platforms manage personal data and age verification for users, particularly teenagers, to ensure they comply with UK data protection laws.
The investigation focuses on TikTok’s use of data from 13-17-year-olds to recommend content via its algorithm. The ICO is also examining how Reddit and Imgur assess and protect the privacy of child users. If evidence of legal breaches is found, the ICO will take action, as it did in 2023 when TikTok was fined £12.7 million for mishandling data from children under 13.
Both Reddit and Imgur have expressed a commitment to adhering to UK regulations. Reddit, for example, stated that it plans to roll out updates to meet new age-assurance requirements. Meanwhile, TikTok and Imgur have not yet responded to requests for comment.
The investigation comes amid stricter UK legislation aimed at safeguarding children online, including measures requiring social media platforms to limit harmful content and enforce age checks to prevent underage access to inappropriate material.
For more information on these topics, visit diplomacy.edu.
