The FinTech Hub
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…
Source: Live Mint Ganesh Chaturthi 2024: At a time when the Indian stock market is at record high levels, and there is a deluge of initial public offerings (IPOs) in the primary market, it could be an opportune time to increase exposure to gold as experts expect the yellow metal to hit the $3,000 mark…
Source: Live Mint In a stunning display of mathematical prowess, Google’s AI systems, AlphaProof and AlphaGeometry 2, have achieved silver medal-level performance at the prestigious International Mathematical Olympiad (via India Today). AlphaProof, a groundbreaking AI system introduced by Google, excels in formal mathematical reasoning, reported the publication. Utilizing a blend of language models and the…
Source: Live Mint As the country celebrates the auspicious festival of Ganesh Chaturthi, homes are adorned with vibrant decorations, sweets are prepared, and prayers are offered to Lord Ganesha, the symbol of new beginnings and prosperity. This festival, deeply rooted in tradition, brings families and communities closer, filling hearts with joy, hope, and positivity for…
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 International crude oil prices have been on a broader downtrend and crashed almost 20 per cent in the last 12 months due to a demand-supply imbalance in the market, even as the Organisation of Petroleum Exporting Countries and its allies (OPEC+) eyes the stability of prices. Benchmark Brent and US West Texas…
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…
