The FinTech Hub
Source: Live Mint For most startups, a buyout offer nearing $100bn is something to be celebrated. But OpenAI is not like other startups—and Elon Musk is not like other acquirers. On February 11th a consortium led by the world’s richest man made an unsolicited $97bn bid for the assets of the non-profit entity that controls…
Source: Live Mint China, a closed economy, has already achieved a generative AI breakthrough with DeepSeek’s model. US president Donald Trump is vying to retain America’s dominance in global technology by instituting curbs on AI and high-tech exports. Indian industry stakeholders said an agreement with France can give the country a significant international partner—both as…
Source: Live Mint “Change is neither good nor bad. It simply is,” declares Donald Draper, the unflappable star of “Mad Men”, a television drama set in 1960s adland. Not all advertising executives share his sangfroid. Today, technology is changing the industry faster than at any time since Mr Draper’s era. The result is a reshaping…
Source: Live Mint Prime Minister Narendra Modi addressed the AI Action Summit in Paris on Tuesday, emphasising the transformative potential of artificial intelligence while highlighting the need for global collaboration in AI governance. His speech underscored India’s vision of responsible AI development and the importance of addressing biases, sustainability and accessibility in AI advancements. Here…
Source: Live Mint OpenAI is reportedly accelerating its efforts to reduce dependence on Nvidia by developing its own artificial intelligence (AI) silicon, with plans to finalise the design of its first in-house chip in the coming months. The ChatGPT maker is preparing to send its design for fabrication to Taiwan Semiconductor Manufacturing Company (TSMC), according…
Source: Live Mint I’m sure you’ve been looking at the announcements that India has made on its AI program. You were here sometime back and you made these comments—about how India was better off not trying to do its own frontier model—that became controversial. Has your view changed? And do you think the Indian AI…
Source: Live Mint South Korea’s industry ministry has become the latest government to restrict access to the Chinese artificial intelligence startup DeepSeek, citing security concerns. The ministry issued a temporary ban on employee access to the AI service, urging ministries and agencies to exercise caution when using generative AI technologies like DeepSeek and ChatGPT. This…
Source: Live Mint The dense clouds over DeepSeek are not clearing anytime soon. After bans on government resources in Italy, France, the US Congress, and elsewhere, new research suggests that DeepSeek’s ties to the Chinese state may be deeper than previously thought. Security analysts have reportedly uncovered an obfuscated code within the chatbot’s web login…
Source: Live Mint This was the subject of a spirited conversation I had in February 2024 with Andy Konwinski, a former student of mine and the co-founder of two AI-related startups, Databricks and Perplexity. Andy shared his disbelief that a friend’s son had dropped out of his computer-science programme. This bright student believed AI would…
Source: Live Mint A LocalCircles survey has revealed that 50% of Internet users in India use AI platforms, with ChatGPT being the most popular. The survey also found that 90% of AI users prefer text mode while only 10% use voice mode. Now, there is a new directive from the Finance Ministry about AI tools…
