Business
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What led to AI poster boy Sam Altman’s unceremonious exit from OpenAI?
New Delhi: The unexpected and unceremonious ouster of Sam Altman from OpenAI, the maker of ChatGPT, has left many unanswered questions as to why the company, which is undoubtedly leading the massive…
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Using advanced AI to spot & remove fake customer reviews: Amazon
New Delhi: Amazon has said it is using advanced artificial intelligence (AI) to to spot inauthentic product reviews on the platform, ahead of Black Friday amid the ongoing holiday shopping season. The…
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OpenAI board will go after my shares if I go off: Sacked CEO Sam Altman
San Francisco: Sacked OpenAI CEO Sam Altman on Saturday started spilling the beans, saying if he starts to reveal the secrets, the board of the ChatGPT company will go after him for…
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Just 7 women-led startups in India receive funding this year
New Delhi: Funding in women-led startups in India decreased from 183 startups in 2014 to a mere 7 this year to date, according to a new report. The funding landscape for women-led…
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Apple, other major firms pull ads from X, Here’s why
San Francisco: After tech major IBM, iPhone maker Apple has also reportedly pulled advertising from X as its owner Elon Musk continues to endorse far-right viewpoints and agrees with posts that promote…
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IndiGo soars high with over 2K daily flights, achieves new milestone in Indian aviation
New Delhi: IndiGo has achieved a historic landmark by surpassing the milestone of over 2,000 planned flights a day, making it the first airline in the country and marks a significant leap…
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Hyundai Group chief resigns as chair of board at elevator unit
Seoul: Hyundai Group Chairwoman Hyun Jeong-eun will step down as chair of the board of directors at the group’s elevator unit next month to help improve its governance structure, the company said…
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Amazon laying off hundreds in Alexa division, India team impacted
San Francisco: Amazon is laying off “several hundred employees” from its Alexa devision, including in India, amid a renewed focus on artificial intelligence (AI), the media reported on Friday. In a memo…
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India’s 4-point action plan can make Global South a key player in supply chain: Piyush Goyal
New Delhi: The Global South needs to discuss ways and means for countries to act together to ensure that our supply chains are more open, secure and resilient, Commerce and Industry Minister…
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India stands to gain as crude oil prices fall to 4-month low
New Delhi: With crude oil prices falling to a 4-month low in the international market, the Indian economy is expected to get a shot in the arm. The country’s current account deficit…
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SBI to soon launch ‘Yono Global’ app in Singapore and US
Singapore: State Bank of India (SBI) will soon launch its banking mobile app Yono Global’ in Singapore and the US, offering digitalized remittance and other services to its customers, Vidya Krishnan, Deputy…
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Banks, NBFC stocks fall as RBI moves to curb risk in consumer lending
New Delhi: Banks and NBFC stocks are down sharply in trade on Friday after the Reserve Bank of India’s (RBI) action raised the risk weightage on unsecured loans. RBL Bank is down…
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Mutual fund holdings beyond top 500 stocks spike to 2018 highs
New Delhi: Mutual fund holdings beyond the top 500 stocks as percentage of market volumes of the top 500 stocks have now started surpassing 2018 highs, a report said. The curve had…
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SoftBank reportedly selling stake worth $150 mn in logistics firm Delhivery
New Delhi: Japanese investment giant SoftBank is going to sell its stake worth $150 million in logistics firm Delhivery, media reported on Thursday. According to Moneycontrol, citing sources, SoftBank is likely to…
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RBI slaps Rs 91L fine on Axis Bank for breach of norms
Mumbai: Reserve Bank of India (RBI) on Thursday said that it has imposed a penalty of Rs 90.93 lakh on Axis Bank for breach of norms. The breach relates to directions issued…