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Generative AI blurs the line between human-produced and AI-proposed content. (Representational image) ChatGPT, like the 90s character Vicki from "Small Wonder," uses AI to process and convert information into knowledge. While offering great opportunities, it also has potential harm, making regulation crucial to minimise risk. Inaccuracy, Biased Outcomes AI is prone to biased outcomes. Generative AI as a predictive tool is trained using a massive amount of data to provide a human-like response and critical thinking. However, there is less clarity on the integrity, quality, and diversity of the data used for training their language models. The premise of using past datasets to predict future outcomes is concerning, as these applications will be prone to reproduce the same mistakes and patterns in future, causing real-life implications for humans. For instance, training data of ChatGPT goes only until 2021, and if any individual has exercised their right to be forgotten … [Read more...] about Regulation of generative AI like ChatGPT and Bard mustn’t hinder their growth

Share to Twitter Share to Linkedin Expedia (NASDAQ: EXPE) , a travel company providing everything from airline tickets, hotel rooms, and car rentals, to cruises, is scheduled to announce its fiscal fourth-quarter results on Thursday, February 9. We expect Expedia’s stock to likely see little to no movement due to revenues beating consensus estimates but earnings missing marginally. The company is benefiting from strong travel demand that has remained resilient despite macro headwinds. The B2B segment has outperformed Expedia’s retail side in terms of growth, while also driving margins higher. We expect this momentum to continue into Q4 as well. While the company did not provide any financial guidance, management projects that strong demand has continued into Q4 as consumers prioritize travel over other discretionary categories. It also said that bookings for 2023 were outpacing 2019 levels. Our forecast indicates that Expedia’s valuation is $120 per share, … [Read more...] about Expedia Stock To Likely See Little Movement Post Q4

Index provider MSCI has said it will review the free-float status of Adani Group-linked stocks and their eligibility in its indexes. “MSCI has received feedback from a range of market participants concerning the eligibility and free-float determination of specific securities associated with the Adani Group for the MSCI Global Investable Market Indexes (GIMI),” it said on February 8. “Any changes in the review affecting the calculations of the Indian conglomerate’s free float will be announced and implemented along with the index’s February review, due on February 9.” A decision by MSCI to reduce the number of free-floating shares of Adani companies is likely to negatively impact the stocks. Adani Group stocks fell on February 9, triggered by news of MSCI’s review. The freefall of the conglomerate’s stocks had subsided in the past couple of days following the recent rout after the Hindenburg report. Also Read: Adani Group shares fall following MSCI's review of its free … [Read more...] about MC Explains | The case of MSCI’s review of Adani Group stocks

As of now, corporates are going for clean electricity as step one, but eventually there will be other opportunities to decarbonise their entire operations, said ReNew Power MD Sumant Sinha The incentives and subsidies being planned by other countries for green hydrogen manufacturing are going to pose a stiff challenge for India if it does not review its strategy, said ReNew Power’s chairman and chief executive officer (CEO) Sumant Sinha. In an exclusive interview to Moneycontrol at the India Energy Week 2023 in Bengaluru, Sinha also said that from focusing only on renewables, the company now intends to also help corporates with their decarbonisation strategies. Edited excerpts from the interview: At the India Energy Week’s inaugural ceremony, the prime minister said going ahead, India's energy growth would be the highest in the world. We have done a lot of things in different segments of energy, whether it's hydrocarbons or clean energy. What are the gaps that still … [Read more...] about India needs to review Green Hydrogen policy in view of incentives offered by other countries: Sumant Sinha of ReNew Power

Users in the trial cities were able to order takeaway by accessing an option added to ByteDance's Douyin channels. Representative Image (Source: Reuters) Chinese technology giant ByteDance is purportedly testing a type of food delivery service in China via its short video app Douyin, which is the Chinese version of TikTok, CNBC reported on February 8. It is also considering extending the service beyond the trial. The move can potentially pit the company against major e-commerce companies like Alibaba and Meituan. According to the report, a Douyin spokesperson said that the company has been “testing a feature in Beijing, Shanghai, and Chengdu that enables merchants to promote and sell ‘group-buying’ packages to Douyin users in these select cities and have them delivered.” "We would consider expanding the feature to more cities in the future depending on the testing results. There is no detailed timeline yet,” a Douyin spokesperson told CNBC . Most often, restaurant … [Read more...] about ByteDance reportedly testing food delivery service via its Chinese version of TikTok

Representative image. Unilever Plc said that consumers may buy fewer of its products this year as shoppers balk at price increases on items like Dove soap and Hellmann’s mayonnaise. Volumes will drop in the first half and it’s too early to predict if they might recover in the second, the company said Thursday. Unilever reported its weakest operating margin in at least seven years and forecast a €1.5 billion ($1.6 billion) increase in raw material costs in the first half. Unilever will keep raising its pricing as it has only passed off three-quarters of its higher costs onto consumers, Chief Executive Officer Alan Jope said in a Bloomberg TV interview. “We are now probably past peak inflation, but we’re not yet at peak prices,” he said. Hein Schumacher, set to replace Jope in July, will be under pressure to boost growth and make the company more efficient. Unilever’s shares have lagged behind those of Nestle SA and Procter & Gamble Co., and activist Nelson Peltz last … [Read more...] about Unilever sees consumer backlash worsening on inflation

Google unveiled 'Bard' - an AI conversation service to take on ChatGPT. Google on Wednesday announced a slew of features powered by Artificial Intelligence (AI), but a mistake in an ad caused its share price to tank. The search engine giant is rushing into the space after the bot ChatGPT caught the imagination of web users around the world with its ability to generate essays, speeches and even exam papers in seconds. Microsoft has announced a multibillion-dollar partnership with ChatGPT maker OpenAI and unveiled new products on Tuesday, while Google tried to steal the march a day earlier by announcing its "Bard" alternative. The bots are quickly being integrated into search engines and Google is battling to preserve its two-decade dominance of the web search industry. But astronomers on Twitter quickly noticed that Google's Bard had given out an error in an ad on Twitter touting its new technology. Read More In the ad, the bot was asked about what to … [Read more...] about Google’s AI chatbot ‘Bard’ offered incorrect information in company ad

The new chat-engine wars are underway, with Microsoft announcing its long-awaited integration of OpenAI’s ChatGPT bot into Bing while Google published a blog post about its own chatbot for search, called Bard. Here’s something you don’t see every day: Microsoft Corp. is serving up a snazzy web search tool. And Google, whose search page has barely changed in 24 years, is also racing to launch a just-as-cool revamped tool in the next few weeks. It seems that officially, the new chat-engine wars are underway, with Microsoft on Tuesday announcing its long-awaited integration of OpenAI’s ChatGPT bot into Bing and calling it a “copilot for the web.” Google published a blog post hours earlier about its own chatbot for search, called Bard. For Google in particular, it could be the riskiest strategic move it has made in years, a metaphorical leap off the couch that the company has been relaxing on for far too long. Update : Google is already grappling with chatbot accuracy problems … [Read more...] about Artificial? Yes. Intelligent? Maybe: The great AI chatbot race

Representative image Several domestic online lending platforms like Kissht and PayU-backed LazyPay have been spiked after Ministry of Electronics and Information Technology (MeitY) started a process to ban and block 138 betting apps and 94 loan lending apps which reportedly have Chinese links on an ‘urgent’ and ‘emergency’ basis. The move came after a communication from the Ministry of Home Affairs. In a statement, PayU noted, “Due to unavoidable circumstances our Website and App are currently unavailable via a few Internet Service Providers. Please be assured that we are doing everything to resolve the issue." Kishht declined to comment on the matter. Economic Times was the first to report the development. Read More … [Read more...] about LazyPay, Kissht among digital lending platforms pulled down on MeitY order

At a time when tech companies are on an overdrive to cut down on manpower, Paytm has chosen to buck the trend. After announcing that it had achieved operational profitability three quarters ahead of schedule , the fintech company plans to beef up its sales team to speed up onboarding of merchants to its platform and deploy its payment devices at shopfronts. “When we look at the opportunity of 10 crore merchants and we are sitting with 3 crore today, we have a very long way to go. We are present in 400-450 cities and towns and our belief is that over the next 2-3 years, we would like to be in 1,000,” Chief Operating Officer Bhavesh Gupta said in an earnings call on February 6. “This penetration will be a bit more people-led, but we will calibrate it as we see growth. It will not be on the back of loss-making growth, but on the back of profitable growth,” he said. Executives on the call, however, mentioned that it won’t be a large addition to its sales force as the company … [Read more...] about Paytm on hiring mode to rope in more merchants, sell payment devices