Research Financial News

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.

Sensex and Nifty50, rebounded from a slow start to close at fresh record highs on Thursday, driven by gains in index heavyweights like Reliance Industries, as well as financial and IT stocks. The 30-share BSE benchmark Sensex advanced 349 points or 0.43% to settle at 82,134. The broader NSE Nifty gained 99.6 points or 0.40% to end at 25,152.

Google DeepMind's India unit is working on an Indic language AI project called Morni (Multimodal Representation for India) which aims to cover 125 Indian languages and dialects to build inclusive and equitable Indic AI. «So India has 22 scheduled languages, which are viewed as official languages. But in our work, we are targeting over 100 Indian languages, because we find that there are 60 Indian languages which have over a billion speakers and over 125 languages that have over a lakh speakers each,» said Manish Gupta, Director of Google DeepMind, Google India. He was speaking at the Global Fintech Fest in Mumbai on Thursday. He explained that 73 out of these 125 languages had zero corpus of digital data available. Even for a languages like Hindi, which is now spoken by close to 10% of the world's population, the share of Hindi text on the internet is 0.1%.

recruitment of artificial intelligence (AI) talent in India, at least for 132 companies looking to hire such talent from the technology, finance and manufacturing sectors, according to a senior executive at Deel. The San Francisco-based payroll and compliance provider offers hiring and payments services to companies enrolling international employees and contractors. Mark Samlal, general manager for Asia-Pacific at Deel told ET in an interview that demand for AI expertise is on the rise but finding candidates proficient in skills can be very tough.

bullish futures bets to the September series on the expiry of the August contracts on Thursday as technical indicators are pointing to more upside in the near term, said analysts. Provisional trends, according to analysts, showed the rollover to the September derivatives series was higher than normal.

After a two-year lull, businesses are warming up to laptops and PCs The covid-19 pandemic created a huge demand, leading to a 56% surge in tablet sales in 2021, and 24% growth in 2022 to an all-time high of 5.3 million units, data shared by IDC India with Mint revealed. This was driven by the need for remote work and education devices—while offices opted for laptops, tablet brands catered to education needs especially in the rural sectors.

IT services firm HCLTech is looking to diversify risks and unlock new revenue streams, by expanding its presence in markets such as India, Africa and the Middle East. HCLTech outlined its growth strategies to more than 100 analysts who attended an ‘Investor Day 2024’ meet hosted by the company in Mumbai on Wednesday. The company also highlighted its strength in engineering, research & development (ER&D), and plans to leverage increasing semiconductor demand, expand market participation in focus areas and new frontier markets, and grow within its top current and potential clients, some of the analysts who attended the event said. “The company wants to tap high-potential regions and expand, amid the ongoing slowdown in the core American markets denting business over the past five-six quarters,” one of the analysts said on the condition of anonymity. “HCLTech spoke of improving the mix of verticals and geographies, gaining of market share, organic development of digital skills, its clients’ cloud migration activities and inorganic augmentation of capabilities.”

New research from Cleo, an AI-driven financial assistant, reveals that members of Generation Z are leaning heavily on artificial intelligence and family as they navigate a raft of challenges in handling their money.

Hellboy franchise is on the way with «Hellboy: The Crooked Man.» The movie promises a fresh take on the iconic comic book character, with a storyline that delves into Hellboy's past.

The Fountain, produced by Darren Aronofsky and Ari Handel, about a man searching for everlasting youth, had this chilling dialogue: “Death is a disease, it’s like any other. And there’s a cure. A cure—and I will find it." No other words are more apt than this film dialogue to describe this moment in human endeavour when Death is the unparalleled villain.

Electric vehicles (EVs) have become popular because of several reasons, including zero tailpipe emission, which reduces pollution, and gives better fuel efficiency, which keeps customers’ expenses down. According to the latest Vahan data, EV sales stood at 178,948 units in July, marking a strong year-on-year increase of 53%. This is also the second-best performing month for EV sales in the calendar year to date, after March of FY2024 at 213,036 units, showing buoyant interest among buyers. However, EVs have also been in the news every now and then for catching fires and other problems. These raise significant concerns about the trustworthiness of EV technology, depressing its growth in India.

Hurun India Rich List, surpassing Bengaluru for the first time to secure the third position in terms of the number of wealthy residents. The city added 17 new entrants this year, reflecting its growing prominence in India's wealth landscape.

₹2.5 lakh with some components sourced from the dump yard of our mechanical engineering department," Piyush Khanna, a robotics student at KIET, told Mint. In comparison, a polished and sophisticated robot like Sophia would cost anywhere upwards of ₹25 lakh. "Anushka is still being tested.

billionaire every five days in the last one year and took the total count of US dollar billionaires to cross the triple-century mark for the first time. The 2024 Hurun India Rich List shows that India now has 334 billionaires by adding 75 compared to the last year.

Mumbai has become the 'billionaire capital' of Asia as it now comprises of more billionaire individuals than China's cpital city of Beijing, according to the Hurun India rich list 2024. «Home to 25% of the list – Mumbai is not only the billionaire capital of Asia, overtaking Beijing but also the preferred city for Hurun India Rich Listers, followed by New Delhi and Hyderabad,» the Hurun list data stated. Beyond this, Mumbai also registered a net increase of 58 billionaire individuals, adding to its growth momentum, the Hurun data revealed. This was followed by New Delhi, which added 18 new billionaires.

substantial increase in lot sizes. Over time, this may become a market for deep-pocketed investors, those who can afford to take some big risks. So, why do retail traders usually lose money trading options? Why does that not happen with stocks? Well, it’s because stocks are simple, relative to options.

Reliance Industries Ltd (RIL), the country’s largest conglomerate, several significant announcements are anticipated that could unlock value in the company’s shares. Jio's focus on monetisation with recent tariff hike and completion of 5G rollout has been leading the growth engine for the conglomerate.

verticals into three new verticals — mobility, sustainability and tech – L&T Technology Services (LTTS) told analysts on Tuesday that it aspires to grow each vertical into a $1 billion vertical. Motilal Oswal said in a note, “For context, annualized revenues from mobility, sustainability, and tech stand at $416 million, $354 million and $411 million, respectively.” It said while it was encouraged by the IT engineering services firm’s ambition, the company had not specified a time frame for achieving its target.

Nifty finally made a fresh high of 25129 on Wednesday before closing with gains of 35 points at 25052 levels. «We expect the gradual uptick in the market to continue, supported by FII inflows and healthy domestic macros. Markets are likely to remain volatile on Thursday on account of monthly derivatives expiry. Key Event to watch out for US Q2 Project GDP Data,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

New Delhi: The Bharatiya Antariksha Station (BAS), India’s own space station currently at its final approval and engineering stages, is now a top priority for the Department of Space (DoS), according to two senior officials. With a launch date of 2028 and operational target of 2035 set by the government, the space station can give India global leverage as the International Space Station seems set to be decommissioned by the end of 2030.

Nifty 150 Midcap index. Analysts and investment advisors say the inability to deploy the continuous flows into these schemes and increased exposure to blue chips, with valuations of mid-cap stocks remaining elevated, have led to the underperformance. Data from Value research show that the actively-managed mid-cap fund category has generated an average return of 25.36% against the Nifty 150 Midcap index return of 27.08% over three years. «With high inflows into mid-cap stocks over the last few years, market efficiency within mid-caps have improved a lot. This means that there is less room for active managers to find mispriced stocks and generate alpha,» says Kunal Valia, founder, Statlane, an investment advisory firm.