The FinTech Hub
Source: Live Mint Amazon is set to invest a further $4 billion in Anthropic, a San Francisco-based artificial intelligence (AI) startup, as major technology firms continue to vie for dominance in the generative AI sector. This latest investment will bring Amazon’s total funding in Anthropic, which began last year, to $8 billion. Despite the substantial…
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 Chinese courts, meanwhile, are developing an AI system comprising “non-human judges”, designed to offer comprehensive support, enhancing legal services and reinforcing justice across “smart courts” by next year. Closer home, former chief justice of India D.Y. Chandrachud, just days before his retirement on 11 November, tested the acumen of an AI “lawyer”…
Source: Live Mint Open-source software—in which a developer releases the source code for a product and allows anyone else to reuse and remix it to their liking—is at the foundation of Google’s Android, Apple’s iOS and all four of the largest web browsers. The encryption of a WhatsApp chat, the compression of a Spotify stream…
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 Call it a modern-day version of a spectacular Renaissance patronage. Since 2019 Microsoft has provided more than $13bn in cash and computing capacity to OpenAI , a once-penniless startup that is now at the forefront of generative artificial intelligence (AI) and, as of its most recent fundraising round, worth $157bn. In exchange,…
Source: Live Mint In a groundbreaking initiative, Microsoft and OpenAI, in collaboration with the Lenfest Institute for Journalism, have launched the AI Collaborative and Fellowship programme to help newsrooms adopt artificial intelligence (AI). Announced on Tuesday, the programme will see more than $10 million (approximately £8.3 million) provided in both direct funding and enterprise software…
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 All these things are powered by artificial-intelligence (AI) models. Most rely on a neural network, trained on massive amounts of information—text, images and the like—relevant to how it will be used. Through much trial and error the weights of connections between simulated neurons are tuned on the basis of these data, akin…
