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Category: Business News
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Meta Artificial intelligence head Yann LeCun Thinks Chat GPT is not Innovative
When Open AI introduced ChatGPT to the public, the AI-powered chatbot garnered considerable interest. Some were amazed by its impressive speed in generating content, while others found it to be inconsistent and prone to factual inaccuracies.
Recently, the pricing details for ChatGPT Pro were unveiled. While the AI tool has been available for free thus far, a paid version is expected to be launched in the near future. Users on Twitter shared screenshots of the monthly pricing plan, which has been set at $42 per month or approximately Rs. 3,429 Indian rupees.
Yann LeCun’s Perspective
Yann LeCun, who is well-known for his work in deep learning and computer vision, has some concerns about the level of innovation in Chat GPT. He believes that although the model is impressive in generating language, it lacks true innovation. LeCun thinks it’s important for AI systems to not only generate text but also understand and think about the world.
LeCun’s concerns are mainly about the limitations of text-based models like Chat GPT. He thinks that real innovation comes from developing AI systems that have a deeper understanding of context, can learn from different types of information, and can reason like humans do. According to LeCun, Chat GPT’s lack of true innovation comes from relying too much on surface-level patterns in text, which can sometimes lead to generating plausible but incorrect or misleading responses.
The Innovation Debate in AI
The discussion about innovation in AI is complex. While Chat GPT’s ability to generate text is undoubtedly impressive, LeCun argues that AI systems should go beyond recognizing simple patterns. Some people who support Chat GPT say that innovation involves understanding how the technology works and how it can be practically useful.
OpenAI’s Approach to Innovation
OpenAI, the organization that created Chat GPT, recognizes that text-based models have limitations. They are actively working to address these issues. They stress the importance of continuous research and development to make the model better at understanding context, giving accurate responses, and improving its reasoning abilities. OpenAI also collaborates with the AI community to encourage progress in AI innovation.
The Future of AI Innovation
Innovating AI is an ongoing process that involves constant improvement and trying new methods. While Chat GPT has made great progress in understanding and generating human-like language, true innovation will come from developing AI systems that understand the world deeply and can think across different areas. The field of Meta AI, led by Yann LeCun, focuses on tackling these challenges to create smarter and more reliable AI systems.
Overall, Yann LeCun’s views on Chat GPT challenge how we see innovation in AI. While recognizing the impressive capabilities of Chat GPT, LeCun stresses the importance of AI systems that truly understand context and can reason. The debate about AI innovation pushes researchers to keep exploring and advancing the field, leading to more exciting developments in the future.
Google added in the list of layoffs company 2023
Today, the layoff news came up from Google. Yes, you heard right. its difficult to believe, but in truth, one of the biggest companies in the world, Google, added to the list of layoff companies.
Google axes 12,000 jobs; Sundar Pichai says ‘sorry’ in note to employees and becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs.
Overcoming a layoff can be a challenging process, but there are steps you can take to help move forward and regain a sense of control.
The layoff is not a failure; it’s a part of life, and a new opportunity may come from it. Keep a positive attitude and keep moving forward; things will get better.
Acknowledge your feelings: It’s normal to feel a range of emotions, such as sadness, anger, and uncertainty, after a layoff. Allow yourself to process these feelings and give yourself time to grieve the loss of your job.
Create a plan: Having a plan in place can help you feel more in control. Make a list of your short-term and long-term goals, and develop a plan for how you will achieve them.
Overcoming layoffs can be a challenging process, but there are steps you can take to help you move forward and regain a sense of control Acknowledge your feelings. Read our blog How to Overcome with layoff
The unemployment rate in the India increased to 8.30% in December 2022.
The unemployment rate in the country increased to 8.30% in December 2022. This is the highest in 16 months. Earlier in August 2021, the unemployment rate was 8.32%. It was 7.91% in December 2021 and 8% in November 22. The increase in the unemployment rate is mainly due to increase in unemployment in urban areas.
In December, the unemployment rate in urban areas reached 10.09%. It was 8.96% in November. At the same time, the unemployment rate of rural areas is modestly low. It was 7.44% in December, which was 7.55% in November. Mahesh Vyas, MD, Center for Monitoring Indian Economy (CMIE), said that the increase in the unemployment rate is not as bad as it may seem. An increase in the rate of labor participation has been observed in the past few months. It increased to 40.48% in December, the highest in 12 months.
The Question is how can we deal with this problem? What is the solution to decreasing this unemployment rate?
India’s 1st Gold ATM and World’s 1st Real-Time Gold ATM to launched in Hyderabad
Revolutionizing Gold Purchase: India’s First Gold ATM in Hyderabad
Forget cash, Hyderabad has a new ATM spitting out something far more precious: gold coins! That’s right, India’s first Gold ATM has landed, and it’s changing the game for gold lovers and investors alike.
This isn’t your usual money dispenser. This shiny machine, created by Goldsikka and brainy startup Opencube Technologies, lets you buy gold coins—from tiny treasures of 0.5 grams to hefty chunks of 100 grams—with just your debit or credit card! Say goodbye to queues and hello to instant golden goodness.
But wait, how does it work? Well, instead of spitting out paper bills, this clever contraption dispenses gleaming gold coins in various sizes. And there’s no need to worry about shady deals. The live gold price is always displayed on the screen, so you know exactly what you’re paying for—transparency is key!
This isn’t just a one-hit wonder, though. Goldsikka and Opencube have big plans! Three more Gold ATMs are popping up soon in Hyderabad Airport, Karimnagar, and Warangal, bringing gold closer to even more people. And get this: they’re aiming for a whopping 3,000 gold ATMs across India in just two years! That’s enough glitter to make Aladdin jealous.
The grand launch in Begumpet wasn’t just any unveiling; important folks like Sunita Lakshma Reddy, head honcho of the Telangana Women’s Commission, were there to celebrate this shiny step forward. With big names like Ambika Burman (Goldsikka Chairman), P. Vinod Kumar (Opencube CEO), and M. Srinivas (T-Hub Rao CEO) also cheering on, this gold revolution is definitely gaining momentum.
As India embraces this golden innovation, the Gold ATM promises to change the way we buy and invest in this precious metal. Transparent pricing, secure packaging, and easy access—Goldsikka and Opencube are making gold ownership a breeze for everyone. So, step aside paper money; the future of gold investments is here, one gleaming coin at a time!
What’s App Down Worldwide
WhatsApp today 10-25-2022 experienced its worst outage ever as its instant messaging platform was unavailable for nearly several hours. Many users reported problems sending and receiving texts in the app due to this bug. Down Detector, his website that tracks online outages around the world, saw a sharp increase in the number of users reporting WhatsApp outages.
Downdetector reports a significant increase with over 30,000 reports online. WhatsApp users are complaining about messages not being delivered. The app was unable to highlight the delivery status even if the message was delivered. On Downdetector’s live outage maps, most of the big cities like Delhi, Mumbai, Kolkata, Chennai, Bangalore, and Lucknow looked like hotspots. WhatsApp’s outage is the longest disruption the platform has ever experienced.
The outage had cascading effects on other services offered by the instant messaging platform. My video and audio calls have completely stopped working. Even the status update feature didn’t allow users to share new posts.
Meta responded to an inquiry from Business Today about the WhatsApp outage. “At this time, we are aware that some people are having issues sending messages and he is working to restore WhatsApp to everyone as soon as possible,” a Meta spokesperson said. increase.
Users have also complained about issues with WhatsApp calling functionality. The app does not move past the calling phase into the calling phase. The WhatsApp status feature has also stalled as users are unable to post photos to the instant messaging application.
The outage appears to have affected other major markets for his WhatsApp, including the UK. The Down detector platform has seen over 66,000 reports.WhatsApp suffered a similar outage last October. A WhatsApp user also reported the outage on his Twitter. Given the extent of the outage, this could be one of the worst possible outcomes for an instant messaging application. India is the world’s largest market for WhatsApp, with many businesses relying heavily on the messaging service. Outages can result in financial losses for both large and small businesses.
Another feature launched in India, WhatsApp Pay, shows problems with transactions. Users are advised not to trade during suspension.
US job openings fall to lowest level since mid-2021
The number of available positions dropped to about 10.1 million in August
US job openings plummeted in August by the highest amount since early in the pandemic — probably a welcome sign for Federal Reserve officials as they seek to cool demand for workers without triggering a spike in unemployment.
The number of available positions decreased to about 10.1 million in the month from 11.2 million in July, the Labour Department’s Job Openings and Labour Turnover Survey, or Jolts, showed on Tuesday. The August level was lower than all estimates in a Bloomberg survey of economists.
The 1.1 million decline in vacancies was the biggest since April 2020 and is consistent with moderating labour demand, reflective of shifting consumption patterns, rapidly rising interest rates and a darkening economic outlook.
Stocks jumped while Treasuries advanced after the report, as traders grew optimistic the Fed may not have to be as aggressive with its interest-rate rises, given some signs that demand for workers is cooling.
While the number of vacancies remains extremely high, the ratio of openings for unemployed people retreated in August. There are about 1.7 jobs for every unemployed person, down from about two in July and the smallest ratio since November of last year.
Fed policymakers have pointed to the elevated number of job openings as a way to cool the labour market without an ensuing jump in unemployment. The decline in vacancies may help temper wage pressures that central bankers are trying to tame in an effort to extinguish rapid inflation.
Hires that were little changed during the month suggest some of the decline in vacancies reflected employers withdrawing job postings rather than filling them. The largest decreases in job openings were in health care and social assistance, other services and retail trade.
About 4.2 million Americans quit their jobs in August, a slight increase from a month earlier. The quits rate, a measure of voluntary job leavers as a share of total employment, held at 2.7 per cent.
Layoffs increased to the highest level since March 2021, though they remain historically low.
The Jolts data precede Friday’s monthly jobs report, which is currently forecast to show US employers added 265,000 to payrolls in September.
Economists are expecting the unemployment rate to hold at 3.7 per cent, right above a five-decade low, and for average hourly earnings to post another firm advance.
Source : The National News
Qatar Airways Global Recruitment Campaign
Qatar Airways is currently conducting a global recruitment campaign that is described as “the biggest talent acquisition in the history of the aviation industry.”.
Qatar Airways is accepting applications from Indian citizens for recruitment events in Delhi (16–17 September) and Mumbai (29–30 September) starting September 16.
While the event in Delhi seemed to go smoothly, the first day of the recruitment campaign in Mumbai was chaotic. The person in charge clearly did not expect so many participants and was overwhelmed by the number of participants. Many candidates were reportedly asked to leave without an interview.
We are extremely sad to watch this video of educated and unemployed youth in India. I hope that in the coming years, Indian entrepreneurs will come up to reduce the unemployment ratio in India. It’s very important to work on that because as per current stats of India about unemployment. We are not doing up to the mark neither government is able to provide jobs to our youth also the competition to get a job is getting high day by day in all the industry.
What do you think? What is the reason for unemployment in India? What suggestions would you like to make to reduce the unemployment rate in India? Let us know in the comments.
Fitness Challenge by CEO of Zerodha Nikhil Kamath
A new fitness challenge for staff members has been introduced, adding to a long list of staff health-related activities.
Nitin Kamath, the CEO of one of the fastest-growing online brokerage companies, Zerodha, challenges their Employees to lose weight and offers Rs 10. lakh as a reward. Zerodha boss sets fitness challenge for employees; announces 1-month bonus, ₹10 lakh motivation kicker
Kamath said the fitness challenge would be optional. In this challenge, an individual needs to burn at least 350 active calories per day, in any form.
Calling work from home and sitting as the new “smoking,” he added, “We are doing whatever it takes to nudge everyone on the teams, & hopefully, they and their families will move daily.”.
It was a good move by the founder of Zerodha because nothing is more important than health. If the employee stays fit, obviously, it will impact productivity and give a boost to a happy culture in a company. Companies should come forward and announce this kind of health-related challenge to their employees to encourage their fitness.
Kerala has set a goal of getting over 15,000 startups and 2,00,000 jobs in next 5 years, Chief Minister Mr. Vijayan said.
He changed into inaugurating version of the `Huddle Global 2022′ organized via Kerala Startup Mission.
Also, the Chief Minister opened the primary Fintech Accelerator and Finishing School within the state at the sidelines of the two-day big-priced conclave that brought together worldwide leaders from the startup eco-machine to reinforce networking and forge partnerships.
Along with the startup infrastructure at the Technology Innovation Center in Kochi, the authorities is thinking about a comparable campus in Thiruvananthapuram to awareness on rising technology, he stated.
Huddle Global 2022′ gives startups a platform to exhibit merchandise and engage with era/enterprise leaders, except supplying them the scope to discover methods on transferring in advance within the global rising from COVID-19.
Given that India is one of the world’s biggest startup ecosystems, with more than 55,000 startups, the authorities is privy to the importance of every state’s contribution to the general improvement of this country’s startup ecosystem. Startup India rating locations Kerala as one of the pinnacle Indian States for startup surroundings, Vijayan stated.
Stating that the technique followed by schools, faculties, and the expert eco machine has created modern startups, he stated that numerous authorities tasks, together with IEDC (Innovation and Entrepreneurship Development Centres for faculties), YIP (Young Innovators Programme), programs for incubation and acceleration, company innovation, and so forth, have made Kerala the first-class vicinity to begin and develop enterprises.
Minister for Industries, Law, and Coir P. Rajeev, in his presidential deal with the meeting, stated Kerala has constructed a completely unique version to nurture startups from ideation to the scale-up stage.
The purpose of Huddle Global is to create an environment in which the ardor meets the cause to learn, network, bridge the space among commercial enterprises, disclose capability, and notice the real results he brings.
In his video message, Alderman Vincent Keaveny, Mayor of the metropolis of London and associate in commercial enterprise regulation organization DLA Piper, stated India is at the verge of turning into Asia’s pinnacle fintech hub, just as the United Kingdom is Europe’s pinnacle fintech hub.
The Fintech Accelerator and Finishing School is an initiative of Kochi-primarily-based Open Financial Technologies in collaboration with KSUM to guide startups developing fintech solutions.
Open Financial could be making an investment of Rs 100 crore for the subsequent 5 years as a part of the center of excellence and Fintech Accelerator.
Open Fintech Accelerator could release its first cohort on March 1.
On the primary day of the occasion, KSUM signed MoUs with Google for Startups, Habitat, Jetro, Global Accelerator Network, I Hub Gujarat, NASSCOM, and CSL, amongst others.
One of Asia’s biggest startup eco-machine congregations and India’s largest networking platform for entrepreneurs, the occasion specializes in commercial enterprise, funding, and partnership possibilities for startups amid sustained combat towards the pandemic-precipitated stalemate.
The occasion, presenting keynote periods, management talks, tech talks, startup demo and different commercial enterprise-oriented activities, has a startup expo of each worldwide and Kerala-primarily based totally