Digital Financial News

Some 3,500 competitors have tapped on laptops seeking to expose flaws in eight leading large-language models representative of technology's next big thing. But don't expect quick results from this first-ever independent «red-teaming» of multiple models. Findings won't be made public until about February.

The number of banks in the sample which reported a sequential increase in the loan loss provisioning for the June quarter increased to 14 from 10 in the previous quarter. The sequential jump in the NPA provisioning was driven by the PSBs including State Bank of India and Bank of Baroda, and private sector banks such as Axis Bank and Kotak Mahindra Bank. Each of these banks reported more than two-fold increase sequentially in their respective NPA provisioning for the June quarter.

World Health Organisation (WHO) will organise the Traditional Medicine Global Summit on August 17 and 18 in Gujarat's Gandhinagar to explore the role of traditional, complementary and integrative medicine in addressing pressing health challenges, a statement said. Co-hosted by the government of India, the summit will also explore ways to realise the potential of evidence-based knowledge in the use of traditional medicine for people's health and well-being around the world, the statement issued by the WHO said. WHO director-general and regional directors, G20 health ministers and high-level invitees from countries across the WHO's six regions will participate in the summit. Scientists, practitioners of traditional medicine, health workers and members of civil society organisations will also take part in it. The summit will explore ways to scale up scientific advances and realise the potential of evidence-based knowledge in the use of traditional medicine for people's health and well-being around the world, the statement said.

From sarpanches and Khadi workers to primary school teachers and nurses, 1,800 persons have been invited to the 77th Independence Day celebrations in New Delhi on 15 August, according to PIB. “These special guests include over 400 Sarpanches of more than 660 vibrant villages; 250 from Farmer Producer Organisations scheme; 50 participants each of Pradhan Mantri Kisan Samman Nidhi Scheme & Pradhan Mantri Kaushal Vikas Yojana; 50 Shram Yogis (construction workers) of the Central Vista Project, including the New Parliament Building; 50 each Khadi workers, those involved in construction of border roads, making of Amrit Sarovar & Har Ghar Jal Yojana as well as 50 each primary school teachers, nurses and fishermen.

Tech major IBM has said that its prototype 'brain-like' chip could make artificial intelligence (AI) more energy efficient. There are growing concerns about the emissions generated by the large warehouses filled with computers that power AI systems, reports the BBC. According to IBM, its prototype could lead to more efficient, less battery-draining AI chips for smartphones.

Elon musk had earlier in August announced that the subscribers of X Premium (Blue) will be eligible to receive their share in the ad revenue. The remuneration that individuals will receive from ‘X’, formerly known as Twitter, as part of its advertisement revenue are likely to be taxed 18% GST, experts have told news agency PTI. Experts are of the opinion that ad revenue received by individuals from microblogging platform ‘X’, will be treated as supply under the GST law and will be subject to 18 per cent tax.

Free Trade Area (AfCFTA) continues, Africa remains geographically, logistically and economically fragmented. Bringing the AU into the G20 is an ideal first step towards strengthening both diplomatic and economic integration, and a giant leap forward in reinstalling multilateral trust.

DPDP) Act passed by Parliament in the just-concluded monsoon session. The law arms individuals with greater control over their data while allowing companies to transfer users' data abroad for processing, except to nations and territories restricted by the Centre through notification.

RBI monetary policy was also announced wherein Governor Shaktikanta Das-led MPC kept the repo rate steady at 6.50 percent. Air India too this week unveiled it's brand news logo. In politics, Rahul Gandhi's Lok Sabha membership was restored.

Foxtel knowingly and “flagrantly” used technology owned by a small Sydney company to allow its customers to remotely download and record movies and television shows, documents filed in the Federal Court allege.

Bitcoin's recent price surge of 2% within a 24-hour period has prompted speculation about its potential implications for investors. 

Garena Free Fire Max redeem codes can be used to win in-game items like weapons, diamonds, skins and more. These 12 digit alphanumeric codes consist of capital letters and numbers. For those unaware, Garena Free Fire Max is a revamped version of Garena Free Fire.

Google on 13 August is celebrating British artist Gluck’s 128th birthday with a special doodle. Known for iconic portraits and picture-frame design, Gluck painted over gender norms by refusing to use any forename or prefix. Gluck was born into a successful family in London in in 1985.

Luxury is expensive. It’s exclusive.

By Tim Reid

Illinois is the first state in the U.S. to ensure child social media influencers are compensated for their work

Personal Data Protection (DPDP) Bill has been granted assent by President Droupadi Murmu, making it into law. The permission was granted by the President on August 11 and it was notified in the gazette the same day. India, which is one of the largest data markets in the world, will finally get its privacy law with the President’s assent.

September 9-10, New Delhi will host the annual summit of the Group of 20, a global forum for economic cooperation, representing 85% of the world’s output. As over 40 world leaders are expected to huddle over that weekend at Bharat Mandapam, a newly revamped convention centre in the capital's Pragati Maidan, India, as its president, may have to tread a tightrope between warring factions, building a consensus in hashing out a declaration acceptable to its members. It is a daunting task.

Fast X aka Fast & Furious 10 (Part I) released in theaters worldwide on May 19, 2023. The film was well received, with an ensemble cast, cameos, and post-credit scenes. Before Fast X was released, Vin Diesel had hinted at the Fast X world premiere that there will be at least two more films in the Fast Saga. The earlier plan was to have just Fast X Part II and end the franchise. However, after Diesel’s remark, there has been talk of a possible trilogy of Fast X.

Despite concerns over elevated inflation, high interest rates, and a possible economic slowdown, Wall Street's second-quarter earnings season has offered a glimmer of relief as the expected slowdown in profits proves less than feared.

Parliament this week came into force on Saturday after they received the assent of President Droupadi Murmu. The legislations that become operational are: The Jan Vishwas (Amendment of Provisions) Act, 2023; The Government of National Capital Territory of Delhi (Amendment) Act, 2023; The Digital Personal Data Protection Act, 2023; The Registration of Births and Deaths (Amendment) Act, 2023; The Indian Institutes of Management (Amendment) Act, 2023; The National Dental Commission Act, 2023 and The Offshore Areas Mineral (Development and Regulation) Amendment Act, 2023.