Artificial intelligence
China’s Alibaba, South Korea’s Naver launch GPT rival AI models
The two new models, called Qwen-VL and Qwen-VL-Chat, will be open source for researchers, academics and companies worldwide, reports CNBC.
Course5 Intelligence raises $28 mn, plans to raise 55 mn to boost AI biz
360 ONE Asset's tech fund led the round by investing $28 million in Course5. The startup plans to raise a total of $55 million.
Course5 Intelligence said it is on track to cross $100 million revenue in the next fiscal and plans to launch its IPO in the next 18 months.
Redington posts 27% revenue growth in FY23 with PAT of Rs 1,393 cr
At Rs 21,895 crore, overall global revenues for Q4 have been the highest ever for any quarter, growing by 26 per cent YoY and at Rs 590 crore, Redington registered highest ever Q4 operating profit with a 15 per cent growth. For the full fiscal year, the firm reported a profit after tax (PAT) of Rs 1,393 crore, a growth of 9 per cent.
Students are positive on ChatGPT, but uncertain on cheating
For the study, researchers from Chalmers University of Technology in Sweden conducted a survey of 6,000 students. About 56 per cent were positive about using chatbots in their studies; and 35 per cent use ChatGTP regularly. However, 62 per cent of students said they believe that using chatbots during exams is cheating.
Accel unveils Atoms 3.0 with sector-focused thematic cohorts for early stage firms
The programme was launched 21 months ago, and since then, Atoms has invested in 24 companies across two cohorts. These companies have since raised a total of over $160 million in funding. Applications for Atoms 3.0 will open by the end of May. Atoms is constantly evolving and looking to improve the programme for founders. With this new approach, the programme aims to foster a community of like-minded founders in the same domain who can collaborate and help each other succeed.
Kamala Harris to meet Google, Microsoft, OpenAI CEOs to discuss AI risks
The White House said that Harris in a "frank discussion" on Thursday will emphasise upon the need for safeguards to make AI ethical and trustworthy, reports CNBC. She will be joined by senior members of the Joe Biden administration, including Gina Raimondo, Commerce Secretary; Jeff Zients, President Joe Biden's chief of staff.
Chegg's stock tanks after ChatGPT warning, new threat for edtech firms
California-based Chegg reported a 7 per cent decline in revenue (year-on-year) at $187.6 million in the first quarter of 2023. Its subscribers dropped 5 per cent to 5.1 million. The news sent ripples through the education sector, with shares in London-listed Pearson falling over 8.7 per cent on Tuesday, Financial Times reported.
AI a serious threat to several programming jobs: Zoho's Sridhar Vembu
Referring to the conversational AI platforms like ChatGPT and others, Vembu said that he has been saying internally for the past 4-5 years that "ChatGPT, GPT4, and other AI being created today will first affect the jobs of many programmers". Although there are positive uses of AI, he believes the complexity and depth of this technology are a concern.
Stop OpenAI from launching new GPT models: AI policy group to US FTC
The nonprofit research group Center for AI and Digital Policy (CAIDP) made public its complaint against OpenAI on Thursday, alleging the company violated Section 5 of the FTC Act, which prohibits unfair and deceptive business practices, reports CNBC. According to CAIDP, GPT-4 is "biased, deceptive, and a risk to privacy and public safety".
Indian-origin Intel GPU chief Raja Koduri quits to form generative AI startup
In a tweet, Koduri said he will embark on a new chapter in life. Intel hired him from AMD in 2017. "Thank you Pat Gelsinger (Intel CEO) and @intel for many cherished memories and incredible learning over the past 5 years. Will be embarking on a new chapter in my life, doing a software startup. Will have more to share in coming weeks," he posted.
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