Open AI names ex-Twitch chief Emmett Shear as new Interim CEO following Sam Altman's ouster: Reports
Open AI has named former Twitch CEO and co-founder Emmett Shear as the company's interim CEO, media reports said.
Finance
Sensex marginally up by 14 points
Mumbai/UNI: The BSE Sensex on Monday rose marginally by 14 points to 65,809.63 in the opening session as buying was seen in power, realty and technology stocks.
Sacked Open AI CEO Sam Altman posts picture from firm's HQ amid reports of return
Former Open AI CEO Sam Altman recently posted a photo of himself at the headquarters of the firm amid reports that he is returning to the AI company, days after he was sacked.
Bank of Baroda plans to raise Rs 15,000 cr through bonds
Mumbai: Bank of Baroda’s board of directors has resolved to raise Rs 5,000 crore by issuing tier-II bonds and an additional Rs 10,000 crore through infrastructure bonds.
Finance Ministry asks public sector banks to examine and enhance cybersecurity
New Delhi: The Finance Ministry has asked state-owned banks to reassess their digital operations in light of the recent UCO Bank incident, media reports said.
OpenAI board under pressure from Microsoft, top investors to reinstate Sam Altman: Reports
OpenAI is under pressure from its top investors to bring back Sam Altman as chief executive officer after sacking him on Friday, taking the world by surprise, international media reports said.
UK set to bring biggest ever delegation to Bengal Global Business Summit 2023
New Delhi/Kolkata: British High Commissioner to India Alex Ellis will visit Kolkata along with the biggest-ever UK delegation to the Bengal Global Business Summit (BGBS) 2023, a press release said.
Iceland firm to set up Rs 8 cr geothermal technology Controlled Atmosphere plant at Tapri to benefit apple growers
Shimla: An Iceland-based company, Geotropy Iceland, will set up a Controlled Atmosphere (CA) Store at Tapri in Himachal Pradesh’s Kinnaur district.
Who is Mira Murati, 34-yr-old engineer, OpenAI's new chief
San Francisco: Mira Murati, 34, assumed the role of Chief Technology Officer in May 2022, marking a significant promotion.
Billionaire Elon Musk says X Corp filing lawsuit against entities that suspended advertising on platform
US billionaire entrepreneur Elon Musk said on Saturday that his social network X, formerly known as Twitter, would file a "thermonuclear" lawsuit against all organisations that had suspended advertising on the platform amid a backlash over the businessman's comments on social media.
Open AI sacks CEO Sam Altman, co-founder Greg Brockman quits hours later
In a shocking decision, Open AI, which is the firm created by 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.
Sam Altman's ouster: Microsoft chief Satya Nadella says IT major remains committed to partnership with Open AI
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 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 based on 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.
Union Minister Piyush Goyal interacts with VCs of Indian origin from Silicon Valley, holds meetings with CEOs of Micron Technology & YouTube
San Francisco: Union Minister Piyush Goyal interacted with Silicon Valley entrepreneurs and venture capitalists (VCs) of Indian origin on the third day of his US visit.
India inks deals to export 500,000 metric tons of Basmati rice: Report
New Delhi: India has entered into agreements to export about 500,000 metric tons of newly harvested basmati rice, making the most of the strong demand from key markets in Europe and the Middle East, Reuters reported citing rice traders.
Mines Ministry to support start-ups, MSMEs for research in mineral processing
New Delhi: The Mines Ministry would invite proposals from start-ups, MSMEs and individual innovators to promote research and innovation in mining and mineral processing, according to a statement on Wednesday.
Visakhapatnam Port achieves record 50 MMT cargo handling volume in 2023-24
Visakhapatnam: Visakhapatnam Port Authority (VPA) on Wednesday said it has set a record by handling 50 Million Metric Tonnes (MMT) of cargo handling in just 228 days in FY24.
India's Oct merchandise trade deficit widens to record level as gold imports jump by 95% YoY
New Delhi: India's merchandise trade deficit widened to an all-time high level in October, bolstered by a 95 percent jump in gold imports, the commerce ministry said on Wednesday.