India’s tax authority has formally engaged cryptocurrency platforms to gather feedback on how the country should regulate virtual digital assets (VDAs). The Central Board of Direct Taxes (CBDT) has issued a questionnaire, signalling plans to review current rules and explore a new law.
The consultation focuses on contentious issues such as the flat 30% tax on crypto gains, the 1% tax deducted at source (TDS) on every transaction, and the inability to offset losses. Industry players say the measures have drained liquidity and driven traders to more favourable markets like Dubai.
Banks’ reluctance to support crypto-linked accounts has further complicated matters.
Platforms have been asked to suggest whether a dedicated VDA law should be established, and which regulator-SEBI, the RBI, MeitY, or the FIU-IND-should oversee it. The CBDT seeks feedback on the OECD’s Crypto-Asset Reporting Framework, supported by India for coordinated global regulation.
Legal experts believe India is preparing for a comprehensive framework in the coming year, following its G20 advocacy for global cooperation on digital asset regulation. Industry voices suggest the government is moving towards regulatory clarity rather than continued uncertainty.
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Japanese technology giant SoftBank has announced plans to buy a $2 billion stake in Intel, signalling a stronger push into the American semiconductor industry.
The investment comes as Washington debates greater government involvement in the sector, with reports suggesting President Donald Trump is weighing a US government stake in the chipmaker.
SoftBank will purchase Intel’s common stock at $23 per share. Its chairman, Masayoshi Son, said semiconductors remain the backbone of every industry and expressed confidence that advanced chip manufacturing will expand in the US, with Intel playing a central role.
The move follows SoftBank’s increasing investments in the US, including its role in the $500 billion ‘Stargate’ AI project announced earlier this year.
Once a dominant force in Silicon Valley, Intel has struggled against rivals such as Nvidia and AMD. Under new CEO Lip-Bu Tan, the company is cutting 15% of its workforce and reducing costs to stabilise operations.
After a private meeting, Trump recently criticised Tan’s leadership but later softened his stance.
Shares in both companies slipped following the announcement, with SoftBank down 2.2% in Tokyo and Intel falling 3.7% in New York.
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The African Development Bank has strengthened Africa’s digital journey by backing a landmark AI training initiative linked to Agenda 2063. The effort aims to accelerate the continent’s long-term strategy, ‘The Africa We Want,’ by equipping states with practical expertise.
Through its Joint Secretariat Support Office, the Bank gave both technical and financial backing to the 5th Annual Training Workshop. The event focused on applying AI to monitoring, evaluation, and reporting under the Second Ten-Year Plan of Agenda 2063.
The Lusaka workshop, co-hosted by the African Union Commission and the African Capacity Building Foundation, featured sessions with Ailyse, ChatGPT, Google AI Studio, Google Gemini, and Perplexity. Delegates explored embedding AI insights into analytics for stronger policymaking and accountability.
By investing in institutional capacity, the AfDB and partners aim to advance AI-enabled solutions that improve policy interventions, resource allocation, and national priorities. The initiative reflects a broader effort to integrate digital tools into Africa’s governance structures.
The workshop also fostered peer learning, allowing delegates to share best practices in digital monitoring frameworks. By driving AI adoption in planning and results delivery, the AfDB underlines its role as a partner in Africa’s transformation.
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The ads, circulating primarily on TikTok, combine unnatural expressions with awkward speech patterns, triggering community outrage.
Fans on Reddit slammed the ads as ’embarrassing’ and akin to ‘cheap, lazy marketing,’ arguing that Nexon had bypassed genuine collaborators for synthetic substitutes, even though those weren’t subtle attempts.
Critics warned that these deepfake-like promotions undermine the trust and credibility of creators and raise ethical questions over likeness rights and authenticity in AI usage.
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Tredence has launched Milky Way, a multi-agent, multi-turn system that uses autonomous AI agents to accelerate enterprise decision-making. The platform introduces specialised agents that collaborate like digital co-workers, combining reasoning and execution to deliver outcomes at scale.
The system addresses a common challenge: converting enterprise data into timely and actionable insights. The Milky Way incorporates over 15 prebuilt agents across key business roles and more than 50 specialised agents trained on real-world enterprise scenarios.
Agents span critical functions, from marketing analysts optimising campaigns to supply chain analysts anticipating disruptions. Technical agents, such as anomaly detection and Text-to-SQL, complement them by handling operational complexity with accuracy and transparency.
Early trials have shown striking results, with companies reporting up to five times faster insights and 50% lower analytics costs. Global retailers cut manual effort by 60%, while healthcare providers streamlined patient data aggregation and triage, supporting speedier diagnosis.
Designed for enterprise-grade use, Milky Way integrates seamlessly with existing data systems, offering role-based access, full audit trails, and domain expertise. Tredence positions it as a step towards AI agents that deliver context-aware, scalable business outcomes.
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Moving like this empowers enterprises to build AI agents tailored for multimodal understanding, software development, workflow automation and research.
The rollout extends beyond the initial model. Oracle plans to integrate the entire Gemini suite, including video, image, speech, and music generation, as well as vertically specialised models like MedLM for healthcare.
For customers, Oracle simplifies adoption: Gemini access is billed via Oracle Universal Credits, and no new contracts are required. Behind the scenes, OCI’s bare-metal GPU instances ensure optimised compute performance for demanding AI workflows.
This integration further strengthens Oracle’s position in enterprise AI, offering partners and clients a curated, model-agnostic environment that combines AI innovation with operational reliability.
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AI-powered stuffed animals are transforming children’s play by combining cuddly companionship with interactive learning.
Toys such as Curio’s Grem and Mattel’s AI collaborations offer screen-free experiences instead of tablets or smartphones, using chatbots and voice recognition to engage children in conversation and educational activities.
Products like CYJBE’s AI Smart Stuffed Animal integrate tools such as ChatGPT to answer questions, tell stories, and adapt to a child’s mood, all under parental controls for monitoring interactions.
Developers say these toys foster personalised learning and emotional bonds instead of replacing human engagement entirely.
The market has grown rapidly, driven by partnerships between tech and toy companies and early experiments like Grimes’ AI plush Grok.
Regulators are calling for safeguards, and parents are urged to weigh the benefits of interactive AI companions against possible social and ethical concerns.
The sector could reshape childhood play and learning, blending imaginative experiences with algorithmic support instead of solely relying on traditional toys.
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Malaysia has intensified its push to build an AI-ready workforce, with Huawei pledging to train 30,000 local professionals under a new initiative. The plan aligns with Malaysia’s National Cloud Computing Policy, balancing sovereignty and digital economy competitiveness.
Digital Minister Gobind Singh Deo stressed that AI adoption must benefit all Malaysians, highlighting applications from small business platforms to AI-assisted diagnostics in remote clinics. He urged collaboration across industries to ensure inclusivity as the country pursues its digital future.
Huawei’s Gartner recognition for container management highlights its cloud-native strength. Its Pangu models and container products will support Malaysia’s AI goals in manufacturing, healthcare, transport, and ASEAN industries.
The programme will target students, officials, industry leaders, and associations while supporting 200 local AI partners. Huawei’s network of availability zones in ASEAN provides low-latency infrastructure, with AI-native innovations designed to accelerate training, inference, and industrial upgrades.
The government of Malaysia views AI as crucial to achieving its 2030 goals, which aim to balance infrastructure, security, and governance. With Huawei’s backing and a new policy framework, the country seeks to establish itself as a regional hub for AI expertise.
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Priorities include deploying 4G networks in remote regions, expanding public internet services, and reinforcing the Palapa Ring broadband infrastructure.
On the talent front, the government launched a Digital Talent Scholarship and AI Talent Factory to nurture AI skills, from beginners to specialists, setting the stage for future AI innovation domestically.
In parallel, digital protection measures have been bolstered: over 1.2 million pieces of harmful content have been blocked, while new regulations under the Personal Data Protection Law, age-verification, content monitoring, and reporting systems have been introduced to enhance child safety online.
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