The FinTech Hub
Source: Live Mint Microsoft Corp. Inc. wants to partner with the Indian government and other stakeholders as co-pilots to accelerate AI adoption, said Sundar Srinivasan, vice-president of AI & search, Microsoft India Development Centre, during a panel discussion at the Mint India@2047 Summit on Friday. “India has a unique asset in terms of, I…
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: Live Mint Microsoft Corp. announced a 10 per cent increase in its quarterly dividend and introduced a new $60 billion stock buyback program, matching the scale of its repurchase plan from three years ago. The company’s shares rose by up to 2.4 per cent following the news. In a statement late Monday, the tech…
Source: Live Mint (Reuters) -AI heavyweight OpenAI is in talks to raise funds at a valuation of $150 billion, Bloomberg News reported on Wednesday, a move that would fortify its status as one of the biggest startups in the world. The maker of viral chatbot ChatGPT is discussing raising $6.5 billion from investors, the report…
Source: Business Standard Microsoft, Microsoft logo(Photo: Shutterstock) 3 min read Last Updated : Sep 11 2024 | 3:08 PM IST Global tech giant Microsoft has invested Rs. 519.72 crore in Pune, one of India’s prominent IT hubs, according to Square Yards.This investment aligns with Microsoft’s broader strategy to expand its data center operations and presence…
Source: Live Mint Since AI’s most popular offering, OpenAI’s ChatGPT, debuted two years back and made esoteric AI tech accessible to the masses, there has been excitement over intelligent machines taking over mundane tasks or assisting humans in complex work. Geeks declared that costs would drop and productivity skyrocket, eventually leading to ‘artificial general intelligence’,…
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 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…
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…
