The FinTech Hub
Source: Live Mint ANYONE CAN spot a tipping point after it’s been crossed. Also known as critical transitions, such mathematical cliff-edges influence everything from the behaviour of financial markets and the spread of disease to the extinction of species. The financial crisis of 2007-09 is often described as one. So is the moment that covid-19…
Source: Live Mint After months of rumours, Sam Altman’s startup OpenAI has finally unveiled a search engine competitor to Google called SearchGPT. The new feature is currently in ‘prototype’ stage and is only available via a waiting list, but is expected to be rolled out to all users in the future. In a blogpost about…
Source: Live Mint In a stunning display of mathematical prowess, Google’s AI systems, AlphaProof and AlphaGeometry 2, have achieved silver medal-level performance at the prestigious International Mathematical Olympiad (via India Today). AlphaProof, a groundbreaking AI system introduced by Google, excels in formal mathematical reasoning, reported the publication. Utilizing a blend of language models and the…
Source: Live Mint While this is the obvious part, beneath the surface, the bigger fight is also about controlling all streams of user data, including those from search engines and social media, which can help big tech companies such as Google, OpenAI, Microsoft, Meta, Nvidia and Elon Musk’s xAI build the world’s most powerful artificial…
Source: Live Mint PWC, a professional-services firm, reckons that AI could add almost $16trn to global economic output by around 2030 (compared with 2017). McKinsey, a consulting firm, separately arrived at a similar figure, but now reckons this could rise by another 15-40% because of newer forms of AI such as large language models. Yet…
Source: Live Mint Google became one of the world’s largest companies by building the world’s most popular internet search engine. But the advent of AI has spawned an army of rivals ready to upstage its monopoly. Now, with OpenAI showcasing SearchGPT, should Google be scared? Is SearchGPT really novel? Not really. Microsoft’s Bing—incidentally powered by…
Source: Live Mint In 2023 Apple released the iPhone 15 Pro, powered by the a17 bionic chip, with 19bn transistors. The density of transistors has doubled 34 times over 56 years. That exponential progress, loosely referred to as Moore’s law, has been one of the engines of the computing revolution. As transistors became smaller they…
Source: Live Mint The internet provided not only the images, but also the resources for labelling them. Once search engines had delivered pictures of what they took to be dogs, cats, chairs or whatever, these images were inspected and annotated by humans recruited through Mechanical Turk, a crowdsourcing service provided by Amazon which allows people…
Source: Live Mint Billionaire Elon Musk revived a lawsuit against OpenAI, giving rise to the six-year-old dispute that started with a power struggle at the San Francisco-based start-up, reported the New York Times on Monday, August 5. The new lawsuit, filed on Monday in a Northern Californian federal court, claimed that OpenAI and two of…
Source: Live Mint “Let Truth and falsehood grapple,” argued John Milton in Areopagitica, a pamphlet published in 1644 defending the freedom of the press. Such freedom would, he admitted, allow incorrect or misleading works to be published, but bad ideas would spread anyway, even without printing—so better to allow everything to be published and let…
/cdn.vox-cdn.com/uploads/chorus_asset/file/23951553/VRG_Illo_STK175_L_Normand_DonaldTrump_Negative.jpg?w=400&resize=400,250&ssl=1 "Automakers plead with Trump: don’t kill the EV tax credit")