The FinTech Hub
Source: Live Mint Amazon is set to invest a further $4 billion in Anthropic, a San Francisco-based artificial intelligence (AI) startup, as major technology firms continue to vie for dominance in the generative AI sector. This latest investment will bring Amazon’s total funding in Anthropic, which began last year, to $8 billion. Despite the substantial…
Source: Live Mint The Nasdaq Composite index surged to an all-time high on Friday, mainly driven by tech stocks ahead of their earnings week. The Nasdaq Composite index gained 1.4 per cent, whereas the S&P 500 rose to a record high of 0.9 per cent and the Dow Jones Industrial Average rose 0.5 per cent…
Source: Live Mint With the advent of the festive season, Amazon and Flipkart have kicked off their largest sales of the year, offering steep discounts on a variety of products. From smartphones and laptops to gadgets and home entertainment systems, there are plenty of irresistible deals. We’ve compiled a list of 10 standout deals recommended…
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 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: Business Standard 4 min read Last Updated : Sep 16 2024 | 6:46 PM IST E-commerce firm Flipkart said that it would start its annual flagship shopping event, The Big Billion Days (TBBD) 2024, on September 27 and continue till October 6, 2024, with early access for Flipkart Plus and VIP members starting…
Source: Live Mint Abhimanyu, the sixteen-year-old son of the mighty archer Arjuna, was displaying breathtaking bravery in the Mahabharata war. He not only killed a number of prominent warriors on the enemy side, but also managed to break the flagstaff of Bhishma, the supreme commander of the Kauravas, in a hugely symbolic moment. The energy…
Source: Live Mint Warren Buffett’s birthday present arrived early this year. On August 28th, two days before America Inc’s favourite great-grandpa turned 94, his bricks-to-motor-insurance conglomerate, Berkshire Hathaway, reached a market value of $1trn. It became only the eighth American company to claim that title and, as a child of the Nebraskan heartland, the first…
Source: Live Mint Mr Pichai is not alone. New Street Research, a firm of analysts, estimates that Alphabet, Amazon, Meta and Microsoft will together splurge $104bn on building AI data centres this year. Add in spending by smaller tech firms and other industries and the total AI data-centre binge between 2023 and 2027 could reach…
