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Open AI faces Bankruptcy amid rising operational costs; falling users-thumnail

Open AI faces Bankruptcy amid rising operational costs; falling users

OpenAI, the company behind ChatGPT is at risk of facing difficulties by the end of 2024 if it does not receive funding. The magazine states that there has been a decline in the number of users visiting the ChatGPT website during the half of 2023. In May there were 1.9 billion users. This number dropped to 1.5 billion by July. The combination of losses, which amounted to $540 million last year and high operational costs further exacerbates the challenge, for OpenAI.

Artificial Intelligence

Aug 14, 2023

South Korea’s largest telecom firm SK Telecom to invest in google backed AI Firm Anthropic-thumnail

South Korea’s largest telecom firm SK Telecom to invest in google backed AI Firm Anthropic

SK Telecom, a company has made a significant investment of $100 million, in Anthropic, an AI firm based in the United States that is posing a challenge to OpenAI.

Artificial Intelligence

Aug 14, 2023

BitSight Technologies: Top Security Ratings Solutions-thumnail

BitSight Technologies: Top Security Ratings Solutions

Companies frequently lack a thorough understanding of security performance, despite the fact that cybersecurity threats and vulnerabilities continue to grow and adapt. Even many of them struggle to assess how

Technology

Aug 14, 2023

Top private banks and PSBs have received fines totaling more than Rs 35,000 crore since 2018.-thumnail

Top private banks and PSBs have received fines totaling more than Rs 35,000 crore since 2018.

The Finance Ministry informed the Rajya Sabha on Tuesday that public sector banks and five significant private sector banks, including Axis Bank, HDFC Bank, IndusInd Bank, ICICI Bank, and IDBI

Finance

Aug 14, 2023

Investing in Rahul Yadav’s 4B Networks was a mistake, according to Info Edge’s Sanjeev Bikhchandani-thumnail

Investing in Rahul Yadav’s 4B Networks was a mistake, according to Info Edge’s Sanjeev Bikhchandani

Info Edge invested Rs 288 crore in 4B Networks, of which Rs 276 crore was stock and Rs 12 crore was loan. In its Q3 FY23 financial statements, the business

Finance

Aug 12, 2023

SoftBank-owned Arm is courting Big Tech for an IPO-thumnail

SoftBank-owned Arm is courting Big Tech for an IPO

SoftBank Group-owned chip manufacturer Arm is attracting funding from a number of major technology organisations ahead of what is likely to be one of the year’s largest initial public offerings.

BFSI

Aug 12, 2023

Tiktok parent ByteDance bet on Lark and Resso to expand into Indian market.-thumnail

Tiktok parent ByteDance bet on Lark and Resso to expand into Indian market.

ByteDance, the internet company is now focusing on the market by introducing its music app called Resso and a productivity tool known as Lark. This move comes after TikTok and

Business

Aug 12, 2023

Government to start acquiring land for “New Noida”, city to spread over 21000 hectares-thumnail

Government to start acquiring land for “New Noida”, city to spread over 21000 hectares

Uttar Pradesh plans “New Noida” city to address land scarcity due to growth, offering space for residents, industries, universities, and offices. The masterplan includes GIS technology for efficient development, catering

Business

Aug 12, 2023

2 Adani group firms mulling plans to secure Rs. 1500 crore through bonds-thumnail

2 Adani group firms mulling plans to secure Rs. 1500 crore through bonds

Indias Adani Group is currently, in talks with experts to secure 1,500 crore rupees ($181 million) for each of its divisions through local currency bonds. This effort is part of the conglomerate’s goal to raise a total of 100 billion rupees during this year.

Business

Aug 11, 2023

Optimist Outlook: In The Next 6 To 12 Months, Half Of VC Investors Anticipate A Resurgence In Start-Up Financing.-thumnail

Optimist Outlook: In The Next 6 To 12 Months, Half Of VC Investors Anticipate A Resurgence In Start-Up Financing.

According to a Redseer report, 1,000–1,200 agreements are anticipated to be completed in 2024. According to a Redseer Strategy Consultants poll, 50% of venture capital (VC) investors are optimistic about

Finance

Aug 11, 2023

China to replace $140 billion in LGFV debt with local bonds-thumnail

China to replace $140 billion in LGFV debt with local bonds

In order to pay off the debt of local-government financing vehicles (LGFVs) and other off-balance-sheet issuers, China will let local governments raise approximately 1 trillion yuan ($140 billion) through bond sales, according to a Friday report by Bloomberg News.

Business

Aug 11, 2023

Fame III: Government proposes up to 50,000 crore corpus to support EVs industry-thumnail

Fame III: Government proposes up to 50,000 crore corpus to support EVs industry

The government has revealed the draft of the FAME III, which includes a budget allocation of Rs 40,000 50,000 crore to support vehicles (EVs).

Automotive

Aug 11, 2023


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