The FinTech Hub
Source: Live Mint AFTER DECADES of blue-collar jobs being snatched up by machines, advanced chatbots are now breathing down white collars. “Generative” artificial-intelligence (AI) tools, such as ChatGPT, have made significant progress in crafting human-sounding language and grasping context. So much so that they have leapfrogged humans in some tasks. This could make as many…
Source: Live Mint Sam Altman, CEO of OpenAI, has announced that 2025 could mark a groundbreaking moment in artificial intelligence (AI) history. The first AI agents are expected to join the workforce and materially impact business productivity. This development, anticipated as part of a broader AI evolution, could redefine traditional workflows and reshape the economic…
Source: Live Mint With about 1,600 employees, the company develops AI-powered robotic process automation (RPA) solutions, and is currently valued at over $7.3 billion. “The pressure and opportunity to capitalise AI to create a competitive advantage is very intense,” Ankur Kothari, the company’s co-founder and chief operating officer (COO), said in a recent interview. This…
Source: Live Mint Tech giant OpenAI has announced significant improvements to its artificial intelligence systems, focusing on enhancing creative writing and advancing AI safety. As per its recent post on X, the company has updated its GPT-4o model, also known as GPT-4 Turbo, which powers the ChatGPT platform for paid subscribers. This update aims to…
Source: Live Mint Microsoft-backed OpenAI is no stranger to lawsuits. The soaring reach of its large language model (LLM)-based chatbot, ChatGPT, has continually rattled media houses, artists, and content creators across the world, prompting them to initiate legal action for copyright infringement. They argue that OpenAI is illegally scraping their high-quality and original data to…
Source: Live Mint In less than four years the share price of Chegg, an online education service, has dropped by 99%. A post-pandemic slump in digital learning is partly to blame for its tumble. A bigger problem for the company, though, is artificial intelligence (AI). Its customers are mostly students who want help answering their…
Source: Live Mint OpenAI’s last major Generative Pre-trained Transformer (GPT) release, GPT-4, launched in March 2023, and since then, ChatGPT users have been eagerly awaiting the next big upgrade. Although OpenAI introduced GPT-4o, an iteration of GPT-4 with enhanced text, vision, and audio capabilities earlier this year, there has been no sign of a significant…
Source: Live Mint After much speculation for over a year, OpenAI is finally taking on Google and Microsoft Bing with the addition of search functionality in ChatGPT. The new search feature is backed by GPT-4o model and is a more evolved version of the SearchGPT prototype unveiled by the company earlier in the year. In…
Source: Live Mint OpenAI has finally released the Windows application for ChatGPT, ending the long wait for Windows users to try the chatbot via a native app. Notably, ChatGPT had already been available as a standalone app for Android, iOS, and macOS, but Windows users had to contend with either the built-in Copilot app or…
Source: Live Mint Sterlite Technologies (STL) has announced its entry into the AI-driven data centre market with a showcase of its integrated offerings at the India Mobile Congress 2024. The portfolio, which includes optical cables, connectivity, and interconnect solutions, was inaugurated by Shri Jyotiraditya Scindia, India’s Honourable Telecom Minister. This development marks a significant leap…
