The FinTech Hub
Source: Live Mint On Saturday, finance minister Nirmala Sitharaman announced a fiscal outlay of ₹2,000 crore ($230 million) for the Mission. The move succeeded the Ministry of Electronics and Information Technology (Meity) announcing last Thursday that a repository of 18,693 graphic processing units (GPUs), provided by private sector companies, was ready to be used as…
Source: Live Mint Alibaba Group Holding Ltd. has unveiled new benchmark scores for its latest artificial intelligence model, Qwen 2.5 Max, positioning it as a top contender in the global AI race. According to figures shared by Alibaba Cloud via WeChat, the upgraded model outperformed Meta Platforms Inc.’s Llama and DeepSeek’s V3 model in a…
Source: Live Mint In the ever-evolving world of artificial intelligence, a new player has emerged that is sending shockwaves through Silicon Valley and beyond. DeepSeek, a Chinese startup founded just over a year ago, has developed an AI model that is offering startlingly comparable performance to industry giants like OpenAI’s ChatGPT and Google’s Gemini, but…
Source: Live Mint When Meta, the parent company of Facebook, announced its latest open-source large language model (LLM) on July 23rd, it claimed that the most powerful version of Llama 3.1 had “state-of-the-art capabilities that rival the best closed-source models” such as GPT-4o and Claude 3.5 Sonnet. Meta’s announcement included a table, showing the scores…
