Google has been fined a second penalty of Rs 937.44 crore in India in the span of weeks after the company was accused of abusing its dominant position in the market. Google responded to the penalty by stating that “Indian developers have benefited from the technology, security, consumer protections, and unrivaled choice and flexibility that Android and Google Play provide.
Amid a surge in payments volume in the country, payments giant PhonePe said that it is on its way to invest up to $200 million in building data centres across the country. The company said the startup’s investments were primarily driven by the regulatory insistence on data localisation, among other factors. It was beneficial for the company to invest in captive data centres given the data localisation mandate from the regulators.
Upside, a Web3 focused Investment Decentralised Autonomous Organisation (DAO), announced it raised $5 million in capital to deploy in support of the best Web3 startups, with a focus on Australia. To that end, Upside DAO is also announcing the first recipients of its investment funding.
It’s deal-making time for generative AI model builders and publishers who can provide them with quality data. Germany publishing giant Axel Springer is trading access to its data for Microsoft adtech, AI, and Azure hosting solutions. Meanwhile, The Financial Times has struck a deal with OpenAI to license its content with attribution of summaries and quotes.