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OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders

Connor Sephton is a journalist based in London, who also works for Sky News and the BBC as a radio newsreader and online reporter. He has covered crypto since 2018 — reporting from major conferences...

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Economic Survey a readable government literature, had teasingly proposed in 2016 that a chunk of RBI capital could be freed up to recapitalise banks. Shortly after he left as CEA in 2018, Subramanian buttressed the concept in Economic & Political Weekly. Most brushed it off as musings by a non-conformist economist who had differences with colleagues and peers. But few sensed it was a harbinger of a plan to use the central bank's excess capital: backed by a panel report, it paved the way for RBI to give generous dividends to GoI. Almost a decade later, another CEA has sparked a debate on another esoteric issue rooted in the political economy. After this year's Survey (prepared under CEA's guidance) questioned the efficacy of India's inflation-targeting framework — under which RBI aims at 4% inflation with a tolerance band of ±2% — present CEA V Anantha Nageswaran, in an article, dwelled on how powerless RBI is in influencing 'headline inflation', which factors in changes in food and fuel prices over which it has no control.

work pressure at the workplace. It seems that it is catching up in India, too. The nature of the workplace changes as management obsesses over mechanical efficiency, which means getting more and more out of less and less.

West Bengal Chief Minister Mamata Banerjee said on Thursday that her government has earmarked land for the establishment of a global capability centre in Kolkata in the semiconductor sector and a detailed discussion was held today with the US Consul General. «We have kept land ready for the purpose of formation of the global capability centre for the semiconductor industry. If this centre is set up, our talent pool will be utilized. It is a big achievement for West Bengal and we are happy. We have been pursuing it for the last three years and huge employment will be generated,» Mamata Banerjee said today. The state government held discussion with the US Consul General today in connection with the semiconductor and Chief Secretary said all support for the hub will be provided. «A team from the Bengal government is holding a discussion presently with their team in Bengaluru. A timeline will be fixed, We have held a meeting with the US Consul General Kathy Giles-Diaz, who was in Kolkata today,» Chief Secretary Manoj Pant said.

Michelin stars, reactivity, and restaurant exits in New York City', Daniel B Sands of University College London gives us something to chew on. Studying the openings and closings of NYC's elite restaurants, Sands found that 'receiving a Michelin star corresponded to an increased likelihood of restaurant exit' — more than 40% of these haute cuisineholes awarded an M-star in 2005-14 shut shop by end-2019.

Global Mansion host and real estate expert Katrina Campins gives best tips for strengthening your housing portfolio and weighs market impacts under a future Trump or Harris administration.

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Connor Sephton is a journalist based in London, who also works for Sky News and the BBC as a radio newsreader and online reporter. He has covered crypto since 2018 — reporting from major conferences...

Subscribe to enjoy similar stories. WASHINGTON : China’s newest nuclear-powered attack submarine sank in the spring, a major setback for one of the country’s priority weapons programs, U.S. officials said.

₹50,000 to premium models, all at incredible discounts. Accessories like gaming mice, keyboards, and controllers are also available at up to 75% off, perfect for improving your gaming experience.Gamers can also grab massive discounts on consoles, allowing for immersive play without breaking the bank.

Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress test.

central government has revised the variable dearness allowance for unorganized sector workers, resulting in an increase in monthly wages. The revised rates will be effective from October 1, 2024 and are aimed at helping workers cope with the rising cost of living, the ministry of labour and employment said. The rates, which are revised twice a year, were last revised in April 2024. The minimum wage rates are categorized based on skill level, unskilled, semi-skilled, skilled, and highly skilled as well as by geographical area as A, B and C. After revision, minimum wage rates in area “A” for workers in construction, sweeping, cleaning, loading and unloading for unskilled work will be Rs 783 a day or Rs 20,358 per month while for semi-skilled workers it will be Rs 868 a day or Rs 22,568 per month.

The National Bank of Canada says it has received the Competition Bureau’s clearance to take over Canadian Western Bank, but the proposed deal still requires the approval of the Office of the Superintendent of Financial Institutions and the finance minister.

Subscribe to enjoy similar stories. Francis Ford Coppola was flush from The Godfather in 1973 when he bought an architectural jewel in San Francisco’s North Beach for $500,000. His new headquarters was a flatiron building clad in tile and copper, with an eight-story steel frame that withstood the great earthquake of 1906.

stocks after its strong revenue forecast signaled robust demand for the hardware used to power generative AI technology. The company, whose high-bandwidth memory chips (HBM) are used in Nvidia's popular artificial intelligence processors, could potentially add more than $19 billion to its market value.

Krsnaa Diagnostics on Thursday said that it has acquired a 23.53% stake in Apulki Healthcare, that operates hospitals dedicated for cancer and cardiac care under public private partnership (PPP) mode. Pune-based Krsnaa didn't disclose the financial details of the acquisition, but said it would be funded through internal accruals over the next 2-3 months. As per the terms of the contract, the company will become the exclusive diagnostics partner for Apulkis cancer and cardiac hospitals for the next 30-plus years.

Redmi Note 14 series starts competitively, with the base model, the Redmi Note 14 Pro, priced at CNY 1,399 (approximately $199) for the 8GB RAM and 128GB storage configuration. The 256GB variant of the same model is available for CNY 1,499 (around $213).

technology services player Accenture on Thursday reported a 22.6% year-on-year (YoY) rise in net profit at $1.68 billion for the fourth quarter ending August 2024. This compares with $1.37 billion profit in June-August quarter 2023. The profit grew on the back of healthy growth in North America and health & public services segment aided by robust new bookings, especially generative artificial intelligence (GenAI) deals. The Nasdaq-listed IT major hiked its annual revenue growth forecast to 3-6% for 2025, including 2-3% from mergers and acquisitions (M&A). This is on the back of improvement in the macroeconomic environment and the US Federal Reserve’s recent interest rate cut of 0.5%. Accenture follows a September-August financial year. The Accenture forecast is an important indicator of the performance of key Indian IT companies as they start reporting their quarter earnings starting from Tata Consultancy Services in early October.

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