The FinTech Hub
Source: Live Mint PwC India has announced a collaboration with Meta to enhance the adoption of open-source AI solutions utilizing Meta’s Llama models. This partnership aims to develop innovative applications for both enterprises and citizen services, focusing on the capabilities of Generative AI (GenAI). The timing of this collaboration aligns with the Indian government’s recent…
Source: Live Mint No one doubts that artificial intelligence (AI) will change the world. But a doctrinal dispute continues to rage over the design of AI models, namely whether the software should be “closed-source” or “open-source”—in other words, whether code is proprietary, or public and open to modification by anyone. Some argue that open-source AI…
Source: Live Mint Meta AI on WhatsApp, Instagram, Facebook and Messenger is now getting a ChatGPT like voice mode to have real-time conversations with users in the voice of popular figures like Awkwafina, Dame Judi Dench, John Cena, Keegan Michael Key and Kristen Bell. The new feature is backed by Llama 3.2 model and was…
Source: Live Mint Mira Murati, OpenAI’s Chief Technology Officer (CTO), announced her decision to step down from CTO post on Thursday, September 26, after more than six years of service. The woman, who has been a key figure behind the company’s most significant AI developments, announced her exit and explained that she is making this…
Source: Live Mint A recent report from Elastic, a Search Analytics firm, indicates that 81 per cent of Indian organizations have adopted Generative AI (GenAI), positioning India as a leader in this technological domain. The study anticipates an increase in investments and budget allocations for AI initiatives in the coming years. Reportedly, IT service providers…
Source: Live Mint Large language models have a keen appetite for electricity. The energy used to train OpenAI’s GPT-4 model could have powered 50 American homes for a century. And as models get bigger, costs rise rapidly. By one estimate, today’s biggest models cost $100m to train; the next generation could cost $1bn, and the…
Source: Live Mint Prime Minister Narendra Modi met with top American CEOs, including Google’s Sundar Pichai, Nvidia’s Jensen Huang, Adobe’s Shantanu Narayen and IBM’s Arvind Krishna, at a tech CEOs roundtable in New York. The roundtable, held at the Lotte New York Palace Hotel, was part of the second leg of the Indian Prime Minister’s…
Source: Live Mint When historians in future centuries compile the complete annals of humankind, their output will be divided into two tomes. The first will cover the hundreds of thousands of years during which humans have been earth’s highest form of intelligence. It will recount how souped-up apes came up with stone tools, writing, sliced…
Source: Live Mint The Dartmouth meeting did not mark the beginning of scientific inquiry into machines which could think like people. Alan Turing, for whom the Turing prize is named, wondered about it; so did John von Neumann, an inspiration to McCarthy. By 1956 there were already a number of approaches to the issue; historians…
Source: Live Mint Large language models have a keen appetite for electricity. The energy used to train OpenAI’s gpt-4 model could have powered 50 American homes for a century. And as models get bigger, costs rise rapidly. By one estimate, today’s biggest models cost $100m to train; the next generation could cost $1bn, and the…
