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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

National Investment & Infrastructure Fund’s search for CEO raises concern among stakeholders-thumnail

National Investment & Infrastructure Fund’s search for CEO raises concern among stakeholders

The ongoing quest to find a CEO, for India’s National Investment & Infrastructure Fund (NIIF) has sparked worries among investors potentially putting government business plans at risk.

Business

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

The Taiwan VP says Taiwan will not back down from threats on a visit to the US-thumnail

The Taiwan VP says Taiwan will not back down from threats on a visit to the US

During a visit to the United States that Beijing has denounced, Taiwan’s vice president reassured supporters that the island will not cower or yield in the face of authoritarian threats

News

Aug 14, 2023

After rejecting Cleveland-Cliffs’ $7.3 billion offer, U.S. Steel explores alternatives-thumnail

After rejecting Cleveland-Cliffs’ $7.3 billion offer, U.S. Steel explores alternatives

After turning down a takeover bid from competing steelmaker Cleveland-Cliffs Inc (CLF.N), United States Steel Corp (X.N) on Sunday formally reviewed its strategic options. U.S. Steel was valued at nearly

News

Aug 14, 2023

Today, ITC will release Q1 earnings. Double-digit profit growth and rising margins are anticipated.-thumnail

Today, ITC will release Q1 earnings. Double-digit profit growth and rising margins are anticipated.

“Revenues from the tobacco business are anticipated to increase by 13% YoY, helped by volume growth of 9% to 10%, while FMCG sales outside of the cigarette industry are anticipated

News

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

Adani Group’s plan calls for having no systemic risk or refinancing by 2025.-thumnail

Adani Group’s plan calls for having no systemic risk or refinancing by 2025.

The goal of the Adani Group’s strategy is to amass sufficient funds, including reserves and cash from ongoing activities in the infrastructure sector, to pay off any future loans. By

News

Aug 14, 2023

Zerodha receives approval from SEBI to set up AMC; Vishal Jain appointed head-thumnail

Zerodha receives approval from SEBI to set up AMC; Vishal Jain appointed head

Zerodha under the leadership of CEO Nithin Kamath has received approval, from SEBI to establish an asset management company (AMC) in collaboration with Smallcase. Their primary focus will be, on

Business

Aug 12, 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


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