Open AI sacks CEO Sam Altman, co-founder Greg Brockman quits hours later
In a shocking decision, artificial intelligence firm Open AI, which created ChatGPT, on Friday sacked CEO Sam Altman, prompting the co-founder Greg Brockman to quit soon after, media reports said.
Vast opportunity in India's eldercare sector, say Investors
New Delhi/UNI: Top industry officials on Friday termed the eldercare sector, which is undergoing a profound transformation, as a big emerging market with India ready to play a pivotal role by providing a vast space of opportunities to investors.
IT major Microsoft Corp, which is one of the biggest backers of Open AI, on Saturday (November 18, 2023) confirmed it will remain committed to the partnership with the firm that created ChatGPT even after it underwent several changes including the removal of its CEO Sam Altman.
Open AI: President Greg Brockman quits after CEO Sam Altman's ouster
OpenAI co-founder and President Greg Brockman on Saturday announced his decision to quit the ChatGPT-creating firm hours after Chief Executive Officer Sam Altman was removed from the company.
Open AI removes CEO Sam Altman after board loses 'confidence' in him
Open AI, the firm that created ChatGPT, on Friday announced its CEO Sam Altman was removed as it has lost confidence in his ability to lead the tech company.
Lenders disappointed with Jindal's Rs 301 cr bid for debt-laden Future Enterprises
Kolkata: Jindal (India) has bid Rs 301 crore for Future Enterprises, which is less than 3% of the total Rs 12,265-crore loan exposure, rendering it almost inconsequential to lenders, ET reported.
AGI Japan announces strategic investment of Rs 200 cr in Standard Glass Lining Technology
Hyderabad: Asahi Glassplant Inc. (AGI Japan) on Thursday announced a strategic investment of up to Rs 200 crores in Standard Glass Lining Technology Limited and its affiliated companies, marking the initiation of a long-term business partnership.
E-commerce exports may touch $200 billion in 6-7 years: DGFT
New Delhi: The Indian e-commerce export sector has the potential to touch $200 billion in next six to seven years, a top government official said on Friday
UPI IDs not used for one year to be disabled soon
New Delhi: The National Payments Corporation of India (NPCI), which oversees the Unified Payments Interface (UPI), has directed banks and payment applications like Google Pay, Paytm, PhonePe, etc., to disable UPI IDs and numbers associated with customers who have not conducted any transactions for a period of one year or longer.
RBI clears resolution plan for Reliance Capital
Mumbai: The Reserve Bank of India on Friday granted approval to the restructuring proposal for financially troubled Reliance Capital, paving the way for the acquisition of the company by IndusInd International Holdings Ltd (IIHL), a firm within the Hinduja Group.
India's forex reserves shrink by $462 million in the week ending Nov 10
Mumbai: India's foreign exchange reserves declined by $462 million to reach $590.321 billion for the week ending November 10, the Reserve Bank of India said on Friday.
BharatPe co-founder stopped from leaving India at Delhi Airport
New Delhi: Ashneer Grover, co-founder of BharatPe, and his wife Madhuri Jain were detained at the Indira Gandhi International Airport on Thursday on the basis of a lookout circular (LoC) issued against them, ET reported.
Amazon targets $20 billion merchandise export from India by 2025
Amazon aims to achieve $20 billion in merchandise exports from India by 2025, Reuters reported, citing a company official.
JSW Infrastructure gets Letter of Award to develop Karnataka’s Keni Port for Rs 4,119 cr
Mumbai/ Bangalore: JSW Infrastructure, India’s second-largest commercial port company and part of the US$ 23 billion JSW Group, has won the bid for the development of an all-weather, deep-water, greenfield port at Keni in Karnataka on Public Private Partnership (PPP) basis.
Tata Technologies IPO to open on Nov 22; price band fixed at Rs 475-Rs 500 per equity share
Mumbai: The long-awaited initial public offering (IPO) of Tata Motors subsidiary Tata Technologies will open on November 22 and will be available for subscription till November 24.