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Germany's BMW, India's Tata Tech to Jointly Develop Auto Software

A BMW iX xDrive40 is on display during the Munich Auto Show, IAA Mobility 2021, in Munich, Germany, September 7, 2021. REUTERS/Michaela Rehl
A BMW iX xDrive40 is on display during the Munich Auto Show, IAA Mobility 2021, in Munich, Germany, September 7, 2021. REUTERS/Michaela Rehl
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Germany's BMW, India's Tata Tech to Jointly Develop Auto Software

A BMW iX xDrive40 is on display during the Munich Auto Show, IAA Mobility 2021, in Munich, Germany, September 7, 2021. REUTERS/Michaela Rehl
A BMW iX xDrive40 is on display during the Munich Auto Show, IAA Mobility 2021, in Munich, Germany, September 7, 2021. REUTERS/Michaela Rehl

BMW Group and Tata Technologies will form a joint venture to develop automotive software for the German luxury carmaker, the Indian engineering services company said on Tuesday.
India is a software development hub for global automakers and auto parts makers including Volvo and Magna International, while also witnessing rising investments from companies including Toyota Motor and Mercedes Benz to boost production, Reuters reported.
The BMW-Tata Technologies venture, the first partnership between the two, will develop automotive software for automated driving and the dashboard system among other features, the Tata company said but didn't disclose any financial details of the agreement.
The BMW Group and Tata Technologies will each hold a 50% stake in the newly-formed company, it added.
BMW has a manufacturing plant in the southern Indian city Chennai, and gets its engines in the country from Force Motors , while TVS Motor helps make the German company's motorcycles.
The joint venture will operate in Chennai, Bengaluru, and Pune and will commence operations with 100 employees, Tata Technologies said.
Tata Technologies, a unit of India's top carmaker by revenue Tata Motors, provides engineering and technology services to auto, aero and heavy machinery firms including Honda , Ford and Airbus.
Its shares were up more than 7% after the announcement, before trimming some gains.
The company went public in November last year to become the first Tata Group company to launch an initial public offering in nearly two decades. Its shares have more-than-doubled from its listing price.

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OpenAI, Anthropic Sign Deals with US Govt for AI Research and Testing

OpenAI logo is seen in this illustration taken May 20, 2024. (Reuters)
OpenAI logo is seen in this illustration taken May 20, 2024. (Reuters)
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OpenAI, Anthropic Sign Deals with US Govt for AI Research and Testing

OpenAI logo is seen in this illustration taken May 20, 2024. (Reuters)
OpenAI logo is seen in this illustration taken May 20, 2024. (Reuters)

AI startups OpenAI and Anthropic have signed deals with the United States government for research, testing and evaluation of their artificial intelligence models, the US Artificial Intelligence Safety Institute said on Thursday.

The first-of-their-kind agreements come at a time when the companies are facing regulatory scrutiny over safe and ethical use of AI technologies.

California legislators are set to vote on a bill as soon as this week to broadly regulate how AI is developed and deployed in the state.

Under the deals, the US AI Safety Institute will have access to major new models from both OpenAI and Anthropic prior to and following their public release.

The agreements will also enable collaborative research to evaluate capabilities of the AI models and risks associated with them, Reuters reported.

"We believe the institute has a critical role to play in defining US leadership in responsibly developing artificial intelligence and hope that our work together offers a framework that the rest of the world can build on," said Jason Kwon, chief strategy officer at ChatGPT maker OpenAI.

Anthropic, which is backed by Amazon and Alphabet , did not immediately respond to a Reuters request for comment.

"These agreements are just the start, but they are an important milestone as we work to help responsibly steward the future of AI," said Elizabeth Kelly, director of the US AI Safety Institute.

The institute, a part of the US commerce department's National Institute of Standards and Technology (NIST), will also collaborate with the U.K. AI Safety Institute and provide feedback to the companies on potential safety improvements.

The US AI Safety Institute was launched last year as part of an executive order by President Joe Biden's administration to evaluate known and emerging risks of artificial intelligence models.