Artificial intelligence was key to last year’s Hollywood strikes, and it has now sparked a second walkout by those actors who work in a far larger industry, at the heart of advancing technology — video games. For vulnerable actors, still reeling from the impact of the Hollywood strikes, the idea of more time out of work is challenging.
Mphasis, a mid-tier IT firm, clocked a 2.1% growth in Q1 net profit at Rs 404 crore. The company is seeing a major chunk of its deals being led by AI, CEO Nitin Rakesh told ET.
The partnership will introduce solutions for sovereign AI built on resilient digital infrastructure, aiming to impact priority industries like edtech in Indonesia, the companies said, contributing to the country’s digital and AI economy and boost AI adoption.
Apple has reduced the prices of its iPhone models in India by 3-4% following a reduction in import duties from 20% to 15% as announced in the Union Budget 2024. The price cuts, which range from Rs 300 to Rs 6,000 depending on the model, mark the first time Apple has lowered prices for its current-generation Pro models in India. This move comes as Apple’s shipments in China are slowing down.
The funds were raised through eight rounds, down sharply from 28 in the same period of the previous year. Startups, mostly in the seed and early stages, garnered the funds.
WayCool Foods, an agritech startup, has laid off 200 staffers in its third round in a year. The company confirmed the job cuts to ET but did not say how many employees were impacted.
Electric scooter maker Ather Energy clocked a revenue of Rs 1,789 crore in the fiscal year 2024, a flat figure as compared to a year ago. Ather’s loss widened over 22% to Rs 1,059 crore during this period.
The Department for Promotion of Industry and Internal Trade (DPIIT) has recognised 1,40,803 entities as startups as of 30th June 2024 said Minister State for Commerce and Industry minister Jitin Prasdada in a written reply to the Rajya Sabha. The minister also informed under the Startup India Seed Fund Scheme, Rs 90.52 crore was approved to startups by incubators as of June 30 as against Rs 186.19 crore in 2023.
SearchGPT will provide summarised search results with source links in response to user queries, OpenAI said in a blog post. Users will also be able to ask follow-up questions and receive contextual responses. OpenAI launched GPT-4o mini a cost-efficient small AI model, aimed at making its technology more affordable and less energy-intensive.
President Joe Biden’s administration said at the time that it had secured commitments from the companies “to help move toward safe, secure, and transparent development of AI technology.” The safeguards include tech companies simulating attacks on AI models in a testing technique referred to as “red teaming” to expose flaws or vulnerabilities.