It’s swallowed billions of dollars, but has AI lived up to the hype?

It’s swallowed billions of dollars, but has AI lived up to the hype?

Since AI’s most popular offering, OpenAI’s ChatGPT, debuted two years back and made esoteric AI tech accessible to the masses, there has been excitement over intelligent machines taking over mundane tasks or assisting humans in complex work. Geeks declared that costs would drop and productivity skyrocket, eventually leading to ‘artificial general intelligence’, when machines would … Read more

OpenAI takes on Google, with new AI-powered search engine ‘SearchGPT’: All we know so far

OpenAI takes on Google, with new AI-powered search engine ‘SearchGPT’: All we know so far

After months of rumours, Sam Altman’s startup OpenAI has finally unveiled a search engine competitor to Google called SearchGPT. The new feature is currently in ‘prototype’ stage and is only available via a waiting list, but is expected to be rolled out to all users in the future. In a blogpost about new search feature, … Read more

Budget 2024: Fintech industry wants digital public infra investments, UPI fees and more

Budget 2024: Fintech industry wants digital public infra investments, UPI fees and more

Mumbai: Financial technology companies have a long list of demands and expectations from the upcoming Union Budget, such as investments in digital public infrastructure, GST exemption for business correspondent (BC) outlets, and a fee structure for UPI payments. “We strongly urge the finance minister to prioritise pivotal solutions such as enhancing digital infrastructure, financial literacy … Read more

AI can predict tipping points before they happen

AI can predict tipping points before they happen

ANYONE CAN spot a tipping point after it’s been crossed. Also known as critical transitions, such mathematical cliff-edges influence everything from the behaviour of financial markets and the spread of disease to the extinction of species. The financial crisis of 2007-09 is often described as one. So is the moment that covid-19 went global. The … Read more

Ola CEO Bhavish Aggarwal sees massive potential for AI development in India, warns ‘won’t happen unless…’

Ola CEO Bhavish Aggarwal sees massive potential for AI development in India, warns 'won’t happen unless…’

As India has largest amount of data and largest IT services industry in the world, the country can do to artificial intelligence (AI) what China did to manufacturing, said Ola founder and chief executive officer (CEO) Bhavish Aggarwal on Sunday. In a post on social media platform X (formerly twitter), Bhavish Aggarwal said: “India has: … Read more

OpenAI unveils’ Five-Tier’ system to gauge AI progress towards human surpassing abilities: How it works

OpenAI unveils' Five-Tier' system to gauge AI progress towards human surpassing abilities: How it works

OpenAI has introduced a five-tier system to measure its progress toward developing artificial intelligence (AI) capable of surpassing human performance, reported Bloomberg. This move aims to provide clearer insight into the company’s approach to AI safety and its vision for the future. The classification system was unveiled to employees during an all-hands meeting, an OpenAI … Read more

‘Some jobs will go…’ Ola CEO Bhavish Aggarwal warns biggest impact of AI will be on….

'Some jobs will go...' Ola CEO Bhavish Aggarwal warns biggest impact of AI will be on....

India can become a global hub for artificial intelligence (AI)-related jobs, leveraging its vast pool of IT professionals to take on more significant roles in the global market, said Ola CEO Bhavish Aggarwal. AI offers opportunities to increase economic productivity worldwide as a lot of routine tasks would be automated, Aggarwal added. “In India, there … Read more

What happened to the artificial-intelligence revolution?

What happened to the artificial-intelligence revolution?

In the world’s tech capital it is taken as read that AI will transform the global economy. But for AI to fulfil its potential, firms everywhere need to buy big tech’s AI, shape it to their needs and become more productive as a result. Investors have added $2trn to the market value of the five … Read more

Mint Primer: AI can make you immortal. What’s the problem?

Mint Primer: AI can make you immortal. What’s the problem?

AI now allows us to build and communicate with digital avatars of the dead. These so-called ‘deadbots’, ‘ghostbots’, ‘postmortem avatars’ or ‘griefbots’ may provide comfort to some (including those doing legacy planning), but they raise difficult ethical questions. Who is building these deadbots? In March, SenseTime Group founder Tang Xiao’ou used AI to deliver a … Read more

AI Hallucinations: Jobs at risk or boon for AI specialists? Here’s what industry players say

AI Hallucinations: Jobs at risk or boon for AI specialists? Here's what industry players say

This phenomenon can lead to confusion and decision-making delays, posing significant challenges in fields heavily reliant on Artificial Intelligence. However, the Economic Times report stated that many AI roles, such as AI research scientist, chatbot specialist, and AI marketing specialist, are in high demand. They earn 40-80% more in salary than traditional IT positions. Industry … Read more