San Francisco, May 2024— OpenAI’s recent release of its new huge language model, GPT-4o, has aroused outrage owing to its voice, Sky, which many say closely resembles that of Hollywood actress Scarlett Johansson. During the streaming event, Chief Technology Officer Mira Murati emphasized GPT-4o’s user-friendly, multimodal capabilities, which include speech, text, and vision interactions. However,…
Smartphones have become India’s fourth-largest export item, growing by 42% to $15.6 billion in fiscal year 24. This significant rise in the export ranks saw cellphones surpass motor fuel, ushering in a new era in India’s export environment. India began separately recording smartphone export data in April 2022. Since then, the sector has shown excellent…
Mumbai, – Passengers on Air India aircraft AI-179 headed for San Francisco experienced severe delays on Friday due to a technical issue and a passenger being ill. The flight, which was originally scheduled to depart from Mumbai International Airport at 4:00 p.m., will instead leave at 10:30 a.m. on Saturday. The problems began when the…
Mumbai, – In a strategic move, Mukesh Ambani’s Jio Financial Services (JFS) plans to seek shareholder permission for a significant acquisition from Reliance Retail Ltd, Reliance Industries’ retail arm. Jio Leasing Services Limited (JLSL), JFS’ leasing company, intends to enter into the device leasing market by purchasing telecom equipment and devices for Rs 36,000 crore…
May 24, 2024: In a shocking disclosure, Rajan Bajaj, the founder of fintech unicorn Slice, earned only Rs 12000 per year in fiscal year 2022–23 (FY23). This substantial disparity in pay was revealed in research produced by PrivateCircle Research, which shed light on the income disparities among unicorn founders in India. In comparison, FirstCry CEO Supam…
Elon Musk, CEO of Tesla and SpaceX, has envisioned a future where traditional employment could become a personal choice rather than a necessity, thanks to advances in AI and robotics. Speaking at the VivaTech 2024 Conference, Musk predicted that AI and robots would eventually handle the bulk of production and service tasks, allowing people to…
A central law enforcement agency responsible for preventing Goods and Services Tax (GST) revenue leakage has issued ICICI Lombard a show cause and demand notice for allegedly evading Rs 1,728.9 crore in taxes over five years, from July 2017 to March 2022. The notice pertains to non-payment of GST on co-insurance premiums accepted as a…
European stocks and US futures climbed following upbeat earnings from Nvidia Corp., reinforcing optimism over the global artificial intelligence boom. Europe’s Stoxx 600 rose by 0.3%, driven higher by a surge in the tech sector, while futures on the S&P 500 pointed to a 0.5% gain at the Wall Street open. US Treasuries remained steady…
Zudio, Tata Group’s low-cost clothing brand, is making major gains in the Indian retail industry. According to Trent Ltd’s annual report for FY24, Zudio now has 545 outlets in 161 cities, surpassing Westside, another Tata-owned retail brand with 232 stores in 91 cities. This aggressive growth demonstrates Zudio’s growing popularity among Indian consumers. Zudio opened…
The Reserve Bank of India (RBI) approved a substantial dividend payout of Rs 2.11 lakh crore to the central government for the financial year 2023-24, more than double the Rs 87,416 crore transferred in 2022-23. This decision was taken at the 608th meeting of the Central Board of Directors of the RBI, chaired by Governor…
