The EU moves toward becoming the first major world power to enact laws governing AI.
Editor's take: The week that was — Dec 4-9
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Greentech has taken a giant leap in uncertain times, says LeapFrog partner Nakul Zaveri
Europe agrees to landmark AI rules in bid to lead global race
Philippine fintech startups and old players jockey for digital banking
Warburg Pincus president appointed chairman of US-ASEAN Business Council
GoTo confirms it is in talks with TikTok over a potential e-commerce partnership
Saudi’s optimism in Hong Kong signals deepening China-Gulf investment ties
“Other regulatory probes could follow given the growing concentration in AI.”
Rest of Asia
Binance is reassessing its global structure as regulatory pressures mount.
The Securities Commission is planning amendments to the Capital Markets and Services Act (CMSA).
Lending is a core driver of Paytm’s profitability.
The institution issued a five-year $750m green bond after setting up a green bond framework in 2021.
NFRA will tighten supervision of the financial industry other than the securities market
The rules come into effect in 2024 for completed batteries and in 2025 for critical minerals used to produce them.
Aramco’s Prosperity7 was a lead investor in the $25m round raised by Rain AI in 2022.
The lack of action across the sector presents a risk to the US, said Deputy Treasury Secretary Wally Adeyemo.