Author: Palak Sharma

In his first-ever hearing in front of the US Senate judiciary committee, OpenAI CEO Sam Altman highlighted the need of a regulatory body to set up rules and regulations for deployment of AI models. He voiced his concerns regarding how important it is to have a regulatory body to maximize the benefits of AI and mitigate the harmful risks associated with AI. The creator and Chief Executive Officer (CEO) of OpenAI, Sam Altman, testified in front of the US congress that Artificial Intelligence (AI) technologies should be regulated by the government. During his testimony, he emphasized that in order to…

Tesla executives are planning to meet Indian government officials, including officials from PM Narendra Modi’s office, later this week during their trip to India. The meeting is expected to be about Tesla establishing a Supply Chain network in the country. As per reports, Tesla senior executives will be visiting India and meeting Indian officials later this week. Tesla is committed to expand its supply chain and management network by focusing on a populous country, such as India, and reducing its reliance on China. Many multinational companies are currently looking to shift their sourcing market from China to a growing market…

For the second time in a row, India’s inflation remains below the central bank limit of 6.5 %. In the last month’s monetary policy meeting, RBI had decided to hold off any hikes in interest rates, and it is expected to do the same for the next monetary policy meeting in June. According to the data released on May 12, India’s consumer cost inflation was at an 18-month low of 4.7 % in April 2024. April’s inflation rate of 4.7 % is the second consecutive time that the inflation has remained below the Reserve bank of India’s ceiling of 6.5…

ZestMoney founders, on Monday, announced that they will be resigning from their respective positions. The resignation comes amid the company’s financial crisis after the acquisition deal with PhonePe failed to go through. ZestMoney is in deep waters right now as all three of its founders announced their resignation in a heartfelt address to the employees. The company, which used to have approximately 500 employees under its workforce, currently has only 100 employees after 170 of the employees migrated to PhonePe amid a failed acquisition deal. The resignations of the founders comes after the acquisition deal with Walmart owned PhonePe failed…

The White House is yet to settle the debt ceiling debate and arrive on an agreement. If a consensus is not reached soon, the US will default on its debt, leading to a catastrophic global financial crisis. If the US defaults, the economy will likely go into recession and millions will lose their jobs. US President Joe Biden warned on Sunday about the dire consequences if there is no agreement reached regarding the debt ceiling, resulting in the US to default. The negotiation regarding whether to raise the debt ceiling or enforce budget cuts is still not settled. The discussion…

During his India visit, Walmart CEO Doug McMillon called on the Indian Prime Minister Narendra Modi to discuss Walmart’s future plans for investing in India. The PM tweeted on Sunday that the meeting with McMillion was a successful one and that they had an insightful conversation. Indian Prime Minister Narendra Modi met with Walmart CEO Doug McMillon to discuss India’s unfolding as an enticing place for investment by major multinational companies (MNCs). The PM declared in a tweet on Sunday that the meeting was an insightful and fruitful one. Walmart is looking forward to being a part of India’s growth…

Tim Cook has said in a statement that Apple saw record growth for its March quarter. He praised India for being a major reason for the said growth. Apple opened its first two retail stores in India last month, which saw a huge welcome from the Indian crowd. After opening the first Apple stores in India in Mumbai and Delhi last month, Apple announced a huge revenue for its quarterly earnings. Apple Chief Executive Officer (CEO) Tim Cook said that the Indian market is at a “tipping point” for a major growth trajectory. Apple is looking forward to even further…

Microsoft is planning to develop a privatized version of ChatGPT for businesses reluctant to use the standard version due to concerns of unintentionally releasing confidential information. The new product will run on dedicated servers and will cost up to 10 times the cost of the standard version. ChatGPT has become a global phenomenon ever since its launch in November 2022. Multiple organizations have already adopted ChatGPT to automate a huge chunk of their workload. But organizations like banks and corporate companies have refrained from adopting ChatGPT due to the fear of unintentionally releasing confidential information while using it. In lieu…

Apple and Google have come together to combat the serious threat of unconsented tracking. The two companies submitted a draft proposal on Tuesday to the Internet Engineering Task Force (IETF) regarding “a first-of-its-kind specification” which will alert users of unauthorized tracking devices. Apple and Google have decided to come together to combat unwanted tracking that has become prevalent in the largely digital world of the 21st century. Both the companies are planning to counter unwanted tracking through gadgets such as AirTags, Tile, Chipolo, etc. Apple and Google lead the software market with the majority of the smartphones powered by Apple’s…

Internal company documents reveal that Twitter is planning to reduce its paid parental leave from 20 weeks to just 2 weeks. This new development appears to be in lieu of reducing costs and maximizing company profits. In a recent development reported by the New York Post, Elon Musk is planning to reduce paid parental leave from 20 weeks to just 2 weeks. The New York Post reported on this plan through citing internal company documents. This is one of the many changes being implemented and planned after Elon Musk’s takeover of Twitter. The news provoked outrage among the online community,…