The FinTech Hub
Source: Live Mint The Indian stock market ended Friday’s session lower, snapping a 3-week winning streak, as investors remained cautious ahead of a crucial US jobs report that could determine the size and speed of the Federal Reserve’s interest rate cuts. Both the Nifty 50 and BSE Sensex finished Friday’s session in the red. The…
Source: Live Mint As India has largest amount of data and largest IT services industry in the world, the country can do to artificial intelligence (AI) what China did to manufacturing, said Ola founder and chief executive officer (CEO) Bhavish Aggarwal on Sunday. In a post on social media platform X (formerly twitter), Bhavish Aggarwal…
Source: Live Mint Gold rate today: After inching close to the record high of $2,531 per ounce, gold prices witnessed sharp selling last week and ended below the psychological $2,500 per ounce mark. COMEX gold price finished at $2,526 per troy ounce, whereas spot gold price ended at $2,497 per ounce. On the Multi Commodity…
Source: Live Mint In an interview on the sidelines of the Google I/O Connect held in Bengaluru on Wednesday, Ajjarapu reasoned that with its largest mobile-first population, micro-payment and digital payment models, a booming startup and developer ecosystem, and diverse language landscape, “India is uniquely positioned to drive the next generation of AI innovation.” In…
Source: Live Mint Multibager stock: The potential of multibagger stocks is like a beacon of hope in the world of investments. As Charlie Munger once said, the real money is not in the buying or selling but in the waiting. This principle holds true for penny stock investment, where the focus is on the long-term…
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 Investors in the riskiest portions of collateralized loan obligations are seeing their returns get juiced thanks to the biggest wave of resetting on record. Resets, a form of refinancing for CLOs, surged to a US record of more than $26 billion in August, according to data compiled by Citigroup Inc. that dates…
Source: Live Mint Sam Altman led AI startup OpenAI has announced GPT-4o, the company’s most cost effective model to date. The model is being seen as an attempt by OpenAI to stay relevant with increasing competition from more deep pocketed rivals like Google and Meta. GPT-4o Mini (O stands for Omni), will replace GPT-3.5 Turbo…
Source: Live Mint Gold prices remained steady on Saturday. The cost of 24 carat gold is Rs.7352.8 per gm, and the cost of 22 carat gold is Rs.6735.2 per gm. The price change in 24 carat gold in the last one week has been 0.73%, whereas in the last month it has been -4.16%. The…
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…
