Business
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Microsoft offers OpenAI employees to match their compensation
San Francisco: Microsoft on Tuesday said it will match OpenAI’s compensation to employees who want to join Sam Altman’s new advanced AI research lab at Satya Nadella-run tech giant. Microsoft Chief Technology…
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ED’s FEMA probe against BYJU’s in final stages
New Delhi: An Enforcement Directorate (ED) investigation into alleged foreign exchange law violations by edtech major BYJU’s and its CEO and co-founder Raveendran Bjyu is in the final stages of completion following which…
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Rupee fails to recover despite fall in US dollar
Mumbai: The rupee failed to recover in morning trade on Tuesday despite a weak dollar and was hovering at the previous day’s record low of 83.34 against the US greenback at 11.28…
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BSE 500 companies revenues flat but profits zoom
New Delhi: The 2QFY24 results of BSE-500 Index companies showed further weakness in revenues (0.7 per cent yoy decline ex-BFSI), even as earnings growth remained robust (47 per cent yoy), Kotak Institutional…
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Markets rebound in early trade after two days of fall
Mumbai: Equity benchmark indices rebounded in early trade on Tuesday after two days of decline, mirroring a bullish trend in global markets along with buying in Reliance Industries and HDFC Bank. The…
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Delhi HC summons SpiceJet MD Ajay Singh again
New Delhi: Low-cost airline SpiceJet on Monday told the Delhi High Court about potential insolvency risks if compelled to pay an additional Rs 100 crore to former promoter Kalanithi Maran. The airline…
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Over 500 of about 770 OpenAI employees threaten to quit, join Microsoft
San Francisco: After Microsoft hired former OpenAI CEO Sam Altman to run its advanced AI research vertical called ‘Sam’, more than 500 employees at ChatGPT develop on Monday reportedly threatened to resign…
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ChatGPT witnesses record visits of 14.6bn over the past year: Report
New Delhi: OpenAI’s artificial intelligence (AI) chatbot ChatGPT has witnessed a record total traffic of 14.6 billion over the past year, a new report said on Monday. Averaging at 1.5 billion visits…
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I&B ministry enhances sop for foreign film production in India, eyes medium, big projects
Panaji: Union Minister for Information and Broadcasting Anurag Thakur on Monday announced enhancing incentive for production of foreign movies in the country, hiking the limit for reimbursement of expenses incurred in the…
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UK-India Business Council for early conclusion of FTA negotiations
Kolkata: UK-India Business Council (UKIBC), a trade body with a mission to grow trade and investments between the two countries, on Monday said the negotiations on the Free Trade Agreement (FTA) should…
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Saudi Arabia announces discovery of two natural gas fields
Riyadh: The Kingdom of Saudi Arabia’s oil giant Aramco has announced the discovery of two new natural gas fields in the Empty Quarter, the Saudi Press Agency (SPA) reported. In a statement, Minister…
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Markets decline in early trade amid foreign fund outflows
Mumbai: Equity benchmark indices fell in early trade on Monday, extending their previous day’s decline, amid fresh foreign fund outflows. The 30-share BSE Sensex declined 97.18 points to 65,697.55 after a muted…
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Talks between Sam Altman, OpenAI in final stage for his return as CEO
San Francisco: The suspense over Sam Altman’s return as the CEO of OpenAI continued on Monday as OpenAI leaders and investors sought to reinstate Altman at the company which unceremoniously sacked him…
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Market expected to maintain positive momentum
New Delhi: Market is expected to maintain its positive momentum in the short term, supported by declining oil prices and moderating US yields, says Vinod Nair, Head of Research at Geojit Financial…
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Amazon lays off employees in India amid global churning in Alexa division
New Delhi: Amazon has announced to lay off “several hundred employees” from its Alexa division, including in India, amid a renewed focus on artificial intelligence (AI). The number of employees being impacted…
