The FinTech Hub
Source: Live Mint Mr Altman’s prediction taps into an established school of thought. As large language models first gained popularity in the early 2020s, economists and bosses were hopeful that they, and other AI tools, would level the playing field, with lower-skilled workers benefiting most. Software capable of handling tasks such as protein-folding and poetry-writing…
Source: Live Mint Director-writer Spike Jonze’s 2013 sci-film Her, coincidentally set in 2025, depicts a gentle but doomed romance between a lonely writer Theodore and his personal operating system Samantha. In the end (spoiler alert), Theodore breaks down as he discovers Samantha is in a relationship with 8,316 other people and computers, and in love…
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 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 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 Australia has banned all DeepSeek AI services from government systems and devices, citing national security risks. The decision makes Australia one of the first nations to take direct action against the Chinese artificial intelligence start-up, which has rapidly gained global attention. Home Affairs Minister Tony Burke announced the ban on Tuesday, stating…
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…
