Talks between Sam Altman, OpenAI in final stage for his return as CEO
San Francisco, Nov 20 - 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 on November 17.
Indian founders support Sam Altman who is bullish on country’s AI talent
New Delhi, Nov 18 - Several Indian startup founders and CEOs expressed solidarity with ousted OpenAI CEO Sam Altman, who came to India in June this year and met Prime Minister Narendra Modi, saying that Boards need to better align with founders.
Delinquencies have gone up in unsecured loans, especially in small ticket size personal loans
New Delhi, Nov 18 - Data and management commentaries across NBFC/banks suggest rising delinquencies in unsecured loans, especially in small ticket size personal loans (STPL), less than Rs 50,000, and loans sourced via FinTech partnership, foreign brokerage Nomura said in a report.
United India Insurance logs Rs 204.30 cr profit for Q2
Chennai, Nov 18 - Concluding the turnaround story of the three public sector general insurers, United India Insurance Company Ltd has declared a net profit of Rs 204.30 crore for the second quarter of FY24 from a loss of Rs 347.44 crore logged
Kerala startups yet to grab openings in defence and aerospace
Thiruvananthapuram, Nov 18 -Kerala-based startups are yet to take full advantage of immense opportunities in defense and aerospace sectors, which have gone up manifold after the launch of 'Atmanirbhar Bharat' initiatives, panelists said at a session at Huddle Global 2023.
Superstar investors preference for companies with low or no debt
New Delhi, Nov 18 - An interesting trend among superstar investors is their preference for companies with low or no debt, according to an analysis by Trendlyne.
Just 7 women-led startups in India receive funding this year
New Delhi, Nov 18 - 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.
Strong signaling impact to deter growth in consumer credit
New Delhi, Nov 18 - There has been a sharp growth in unsecured lending in the past few years and the unsecured personal loan portfolio of the banking system has more than doubled from Rs 6 trillion in FY19 to Rs 13 trillion
OpenAI board will go after my shares if I go off: Sacked CEO Sam Altman
San Francisco, Nov 18 - 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 the "full value of his shares".
What led to AI poster boy Sam Altman’s unceremonious exit from OpenAI?
New Delhi, Nov 18 - 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 AI momentum globally, had to get rid of
Amazon lays off employees in India amid global churning in Alexa division
New Delhi, Nov 18 - Amazon has announced to lay off “several hundred employees” from its Alexa division, including in India, amid a renewed focus on artificial intelligence (AI).
Apple, other major firms pulls ads from X after Musk’s antisemitic posts
San Francisco, Nov 18 - 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 antisemitism.
ChatGPT developer OpenAI fires Sam Altman as CEO
San Francisco, Nov 18 - In a sudden development, Sam Altman has been fired as CEO of OpenAI, the developer of AI chatbot ChatGPT, and the company's board said it "no longer has confidence in his ability to continue leading OpenAI."
RBI approves Hinduja Group entity acquisition of Reliance Capital
Mumbai, Nov 18 - The Reserve Bank of India approved the resolution plan for debt-ridden Reliance Capital on Friday.
Hyundai, Kia unveil new EVs, concept models
Seoul, Nov 17 - Hyundai Motor and its affiliate Kia said on Friday they have unveiled their latest electric vehicle (EV) units and concept models under way at the 2023 Los Angeles Auto Show as the companies strengthen their electric portfolios.
Steelbird to expand capacity at Himachal, to launch Bluetooth helmets
Chennai, Nov 17 - Increasing production capacity to 50,000 helmets per day at an outlay of Rs 105 crore, exploring a new plant in Tamil Nadu, expanding its retail reach, launching a range premium helmets including a Bluetooth variant are work-in-progress at the
Nifty bank indices down after RBI raises weightage on unsecured loans
New Delhi, Nov 17 - Nifty PSU Bank and Nifty Bank fuelled pessimism in the market, which was down by 2.39 per cent and 1.31 per cent respectively.
50% of investment portfolios of venture capitalists from smaller cities by 2025: Experts
Thiruvananthapuram, Nov 17 - Fifty per cent of the investment portfolios of all venture capitalists would be from Tier II and III cities of India by 2025, Anil Joshi, managing partner of Unicorn India Ventures said.
Startups, students key to boost DIR-V ecosystem, develop indigenous chips: Mos IT
New Delhi, Nov 17 - In order to make India a leading chip design and manufacturing nation, startups, students and entrepreneurs will play a crucial role in developing Digital India RISC-V (DIR-V)-based chips and systems, further catalysing the semiconductor ecosystem while adopting open-source
Titagarh Wagons leads surge in railway stocks
New Delhi, Nov 17 - Shares of railway related companies are up 5-10 per cent on Friday.