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AI firms: Indian AI firms may face extra costs as EU s AI Act kicks in

The European Union wrapped up approval of the world s first law governing AI development last week. This legislation takes a tiered approach, setting varying compliance timelines and regulations based on the potential risk each AI system poses. Generally applicable AI will have a year to comply, while high-risk systems get up to three years.

Angel One: Angel One to undertake corporate restructuring, create holding company

Angel One, the countrys third largest stock broker, is set to undertake a major corporate restructuring exercise, according to two people in the know. Angel One is setting up a holding company under which all its different business entities will be held as subsidiaries.

5Paisa CEO: 5Paisa CEO Narayan Gangadhar quits after a year of joining firm

Gangadhar had quit Angel One to join rival broking platform 5Paisa only a year ago. According to sources, Gangadhar s resignation will come into effect on August 28.

ACT Fibernet: ACT Fibernet invests in network solutions startup Aprecomm

ACT Fibernet is among Indias largest wired internet service providers, operating in 25 cities and serving 2.2 million customers. With this investment, the company aims to strengthen its ability to provide the best home Wi-Fi experience for its customers.

Gen AI projects: TCS is engaged in over 100 GenAI projects within Tata Group: N Chandrasekaran

TCS chairman N Chandrasekaran announced over 100 Gen AI projects within Tata Group, showcasing tangible business impact in customer experience, productivity, and efficiency.

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