Page 21 - Tech Prowess News Today

Jan Leike, who ran OpenAIs "Super Alignment" team alongside a company co-founder who also resigned this week, wrote in a series of posts on the social media platform X that he joined the San Francisco-based company because he thought it would be the best place to do AI research.

Musk, the billionaire head of SpaceX and Tesla, arrived on the Indonesian resort island of Bali by private jet before attending the launch ceremony at a community health centre in the provincial capital, Denpasar.

Artificial intelligence built on mountains of potentially biased information has created a real risk of automating discrimination, but is there any way to re-educate the machines? The huge models on which ChatGPT is built "cant reason about what is biased or what isnt so they cant do anything about it," cautioned Jayden Ziegler, head of product at Alembic Technologies.

Both Mohandas Pai and Rajnish Kumar had joined the advisory council after the edtechs investors–Peak XV Partners, Prosus and Chan Zuckerberg Initiative–left the board of the company last year

Peer-to-peer trading through escrow services on banned crypto exchanges has increased five times during weeks of high trading volume in March and April, according to a study conducted by Delhi-based policy think tank Esya Centre.

Genesis Global approved to return $3 billion in cash and crypto to customers in bankruptcy liquidation, leaving owner DCG with no recovery. DCG had argued that Genesis should pay its customers and creditors no more than what the crypto assets were valued at in January 2023, when Genesis filed for bankruptcy. Bitcoins price surged since January 2023 filing.

OpenAI dissolves safety team led by Ilya Sutskever and Jan Leike, integrating efforts for AI system safety goals. The team was formed less than a year ago, and recent departures at OpenAI have raised concerns about speed versus safety in AI development. The company has Jakub Pachocki appointed as chief scientist for AGI mission, replacing Sutskever.

The Bengaluru based insurtech startup saw the retail portion subscribed 4.3 times, non institutional investors subscribed 7.2 times while qualified institutional buyers subscribed to the IPO 12.5 times. The Fairfax backed startup is looking to go public at a valuation of $3 to $3.2 billion

Conversations over boosting supply of capital to homegrown startups have come at a time when the startup ecosystem is experiencing a major slowdown. According to Infosys cofounder S Kris Gopalakrishnan, there is significant wealth in the country and family offices or fund managers should allocate at least 15% of their investments to the startup ecosystem as a thumb rule.

NR Narayana Murthy and S ‘Kris Gopalakrishnan discuss the transformative potential of Gen AI, the challenges of technology misuse, the benefits of technology adoption in banking, and Indias potential to compete with China in business environment.