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Mint. This follows an aggressive expansion period for the banking technology startup, when the company targeted entering 30 countries and newer verticals after raising its first institutional funding of $250 million from SoftBank Vision Fund 2 at a valuation of $1.45 billion in 2021. "We have a razor-sharp focus on India.

AI startup OpenAI said on Thursday its chatbot ChatGPT now has more than 200 million weekly active users, double the number it had in the last fall season. ChatGPT, launched in 2022, can generate human-like responses based on user prompts and had 100 million weekly active users, OpenAI CEO Sam Altman had said in November. OpenAI said 92% of Fortune 500 companies are using its products and the use of its automated Application Programming Interface, or API, which allows software programs to talk to each other, has doubled since the launch of ChatGPT-4o mini in July.

Meta’s Llama series of AI models have become the fastest growing open-source family of models securing 350 million downloads globally on Hugging Face. Of these, 20 million downloads were made last month alone, the company said. Besides the community platform Hugging Face, Llama was also being accessed through Meta’s cloud partners such as Amazon Web Services (AWS), Microsoft’s Azure, Databricks, Dell, Google Cloud, Groq, NVIDIA, IBM watsonx, Scale AI, Snowflake, to name a few. “Hosted Llama usage by token volume across our major cloud service provider partners more than doubled May through July 2024 when we released Llama 3.1,” Meta said in a blogpost on Thursday.

Noida International Airport in Uttar Pradesh's Jewar are in full swing with work being done in partnership with Air India SATS, NIA Chief Executive Officer Christoph Schnellmann said on Thursday and noted there will be cargo capacity for well over one lakh tonnes of cargo when the facility opens. Schnellmann told that work on the passenger terminal is also in full swing. «The development works on the cargo terminal and multimodal cargo hub are in full swing as well. We're working in partnership with Air India SATS who have designed the facility, who are constructing the facility and who will operate the facility. There will be a capacity for well over 1 lakh tonnes of cargo when the facility opens and it's designed in a modular fashion to grow with the demand. We plan to submit our application for the aerodrome license this year,» he said.

Hinduja Global Solutions said the opportunities for generative AI lie more in areas where there are shortages of manpower. Giving examples of areas where productivity is less due to shortages of manpower, Partha DeSarkar, executive director and CEO of Hinduja Global Solutions (HGS), said conversational AI, loan processing, document processing and image recognition bots are some areas where HGS is doing pilots for clients. He said 10-12 pilots were currently being done by HGS and that the company hopes to take these pilots into production stage by the end of this year.

National Grocers Association President Greg Ferrara explains factors contributing to the rise in grocery prices in an interview with FOX Business Network's Edward Lawrence.

French President Emmanuel Macron is defending his government’s decision to give special fast-track citizenship to Telegram messaging app CEO Pavel Durov

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

The biggest meme coin on The Open Network (TON), $DOGS, rallied 21% in the early hours today, after news yesterday that Telegram CEO and Toncoin creator Pavel Durov was released on €5 million bail by French authorities.

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...

Durov is now considered a tech icon as the founder and CEO of Telegram. The CEO of one of the most well-known instant messaging services was arrested in Paris, and this caused a stir and mayhem among people all across the world. Telegram has experienced exponential growth over time; but the secretive platform has suffered from backlash and has a negative reputation with governments due to its reckless efforts at content moderation and its purported role in supporting propaganda, terrorism, and misinformation. When Durov was detained by French authorities this past weekend while they were looking into the platform's moderating of purportedly illegal activity, those accusations reached a boiling point. Since Durov's arrest at Le Bourget Airport in Paris, the political ramifications of his detention have grown. Also Read: Lioness Season 2: What we know about Paramount+ premiere date, filming, plot and cast

Matos, who serves as CEO of the global wealth and personal banking business, will leave the firm in 2025 after nine years with the group to pursue other opportunities, the bank said in a statement today (29 August). The group's global commercial banking CEO Barry O'Byrne, based in Hong Kong, will take over from Matos. O'Byrne will be supported by Matos in an advisory capacity for the remainder of 2024 before going on gardening leave.  HSBC AM multi-asset fund manager and World Selection head Kate Morrissey exits Also based in Hong Kong, Matos has held his current post since Februar...

Blythe Masters, founding partner of Motive Partners, a private equity backer of FNZ, is set to step into Durham's shoes.  Masters brings over 30 years of industry experience with her and will be flanked by Roman Regelman, who has been appointed group president and brings experience as former CEO of securities services and digital at BNY.  abrdn-supported Virgin Money teams up with FNZ for digital investment platform launch «I am excited to be joining FNZ for this next phase in its growth journey, leveraging Durham's continued vision and strategic advice,» Masters noted.  «We wil...

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Swiggy has appointed former Flipkart senior vice president and head of grocery Amitesh Jha as the chief executive of Instamart, according to an email sent by Swiggy cofounder and group CEO Sriharsha Majety. In an internal email, Majety announced Jha’s appointment. Swiggy cofounder Phani Kishan Addepalli, who was previously heading Instamart, will now lead the firm's central growth team that looks after initiatives like the subscription service Swiggy One. Phani will also take on the role of chief of staff to Majety, the latter added in his internal email. “He (Phani) took on the IM CEO role (at Instamart) last year when I asked him to (as he always has for key challenges), and has over the last year steered Instamart from strength to strength by significantly improving the consumer experience and profitability…” Majety said in the email.

Bangalore's current startup ecosystem and Kota, the coaching hub for IIT JEE aspirants in 2005. He refers to this as the "ecosystem delusion," where an environment rich in resources and networking opportunities can sometimes create a false sense of achievement among its participants. He listed four reasons why a «Bengaluru today reminds him of Kota of 2005». In Kota, thousands of students flocked to the city, assuming that merely being in the same place as the top achievers, attending the same coaching classes, and having access to the best resources would guarantee their success. However, only a small fraction of them actually cleared the IIT JEE, while the majority fell into the trap of complacency—believing that proximity to success was the same as putting in the hard work required to achieve it. In his post, Deshpande referred to Kota as the «Mecca of IIT-JEE,» highlighting that it fosters a well-crafted environment for success. «Each year, one coaching institute alone produces around 4-5 top rankers with single digits. Students have access to exceptional teachers, the finest books, and an infrastructure designed to promote success—everything from mess facilities to photocopy shops and rental PGs,» he explained.

Bitcoin gained nearly 1% in the past 24 hours but remains below the $60,000 mark. The global crypto market cap increased by 0.63% to $2.1 trillion. As of 12:09 pm IST, Bitcoin was trading at $59,724, up nearly 1%, while Ethereum rose by 3.6% to $2,557.

quick commerce space continues to see new entrants as more and more companies try to snag a piece of the pie. Ecommerce majors Amazon and Flipkart, and mobility major Ola are among those that are planning to enter the segment even as existing players like Zomato-owned Blinkit, Zepto and Swiggy’s Instamart continue to strengthen their play. Take a look at some of the recent developments in the quick commerce segment in India: Amazon India set to launch quick commerce: Amazon is all geared up to enter the buzzing quick commerce segment in India. The ecommerce major will likely launch its offering in the first quarter of the next year and has entrusted Nishant Sardana, who was heading the PC, audio, camera and large appliances business at Amazon India with the the responsibility of developing its quick commerce strategy, people in the know said.

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Vahan.ai to provide jobs to the blue-collar workforce. Madhav Krishna, CEO & Founder of Vahan.ai, says the company assists the urban poor in finding gig jobs, often within 48 hours of registration on their app. The Vahan app offers solutions through its AI-powered bot. “Once the job seeker has applied via the app, the AI recruiter calls them and helps them through the application process, helping them seamlessly onboard the platform. In some cases, individuals have managed to even secure a job within 8 hours of downloading the mobile application,” he says. Krishna gives an example of a man named Prasad who lost his job and found Vahan.ai through a WhatsApp job post shared by a friend. “He was onboarded on Vahan.ai and placed in Zepto, a grocery delivery platform, within a day of reaching out. He began working as a full-time delivery executive,” he says.

Urban Vault, a managed co-working firm, has leased 100,000 sq ft of office space at Brigade Summit, a mixed-use project by Brigade Group in Whitefield, Bengaluru as the firm plans to expand the business to meet the increasing demand for managed workspaces. The new facility will include more than 2,000 desks and will see Urban Vault—a self-funded, bottom-line-driven company enter the Whitefield micro market that is witnessing many flexible operators expand operation. «The demand for prime office space has significantly revived. Large and medium-sized corporations are now preferring hassle-free managed office space from operators,» Urban Vault, Co-founder and CEO, Amal Mishra said.