OPEN SOURCE APIS
ET Explainer: Is Anthropic faster than OpenAI?
?AI experts and researchers have commended Anthropic¡¯s speed and ability to demonstrate a futuristic product even as its bigger rival OpenAI has built a war chest of $6.6 billion in the recently concluded fund raise.
How ULI, OCEN will redefine credit access to small companies, rural borrowers
The Unified Lending Interface (ULI), which will be rolled out soon nationwide and the Open Credit Enablement Network (OCEN) launched in 2020, both aim to enable credit access across India. ULI can do it for all sectors, but especially focusses on MSMEs and agricultural borrowers. OCEN does it strictly only for MSMEs, and is for cash-flow based short-tenor loans. ET explains similarities and differences between the two.
Not an open and shut case: India¡¯s balancing act between open and closed-source GenAI models
As India starts to emerge as the use-case capital of GenAI applications, tech leaders and startup founders believe both open and close-sourced technologies have a unique role to play in optimising costs, ensuring data sovereignty and delivering the best performance. ET¡¯s Himanshi Lohchab takes a deep dive on how India weighs in on pros and cons of open versus closed-source GenAI models.
AI startup Sarvam AI unveils mix of open source, enterprise products
Sarvam AI, an AI startup from Bengaluru, introduced new generative AI products. Key offerings include Sarvam Agents, Sarvam 2B, Shuka 1.0, Sarvam Models, and A1. Sarvam will partner with the likes of Yotta, Nvidia, Microsoft Azure, Google Cloud Platform (GCP) and Exotel for these services and products.
Startups see their AI bills shrink as global LLM price war escalates
Overall, the price of API access to closed models has come down by 65%-90% over the last 12 months, which is helping startups like InVideo, Yellow.ai, Haptik, Gnani.ai, Shorthills.ai to expand their margins, invest in research and development, improve performance, hire more talent as well as price their products competitively.
MapMyIndia sues Ola Electric for ¡®copying¡¯ data
MapMyIndia, homegrown digital mapping services company, is taking Ola Electric to court for allegedly stealing its data to create its recently-launched Ola Maps. MapMyIndia said the Bhavish Aggarwal company has copied its propriety data.
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OpenAI¡¯s cheaper mini brings a mega issue for LLMs
Startup exectives said OpenAI's pricing could bring massive cost savings for scaling up simple use-cases, such as multilingual chatbots where a single query ranges between 15-25 tokens. OpenAI has also allowed calling multiple APIs (application programming interface), which means a user can pass contextual data from multiple sources at the same time to answer a complex query.
Oil slips for third day on prospect of US rates staying high
Brent crude futures were down 87 cents, or 1.1%, at $82.01 a barrel, while U.S. West Texas Intermediate crude (WTI) was down 81 cents, or 1%, to $77.85 at 1255 GMT. Both benchmarks settled about 1% lower on Tuesday.
Eye on AI: Apple¡¯s chip game, Meta's GenAI tools for advertisers and other top developments
Apple integrates AI features into data centres and new iPad Pro. Meta launches enhanced generative AI tools. OpenAI joins C2PA steering committee. US lawmakers introduce bill on AI models export control. Microsoft and OpenAI fund AI literacy for voters.
Creators wielding AI reimagine creativity on a budget
Anirudh Ravichander and Yashraj Mukhate lead AI experimentation in music. Ad-film makers and marketers embrace AI for cost-effective content creation. General purpose AI tools gain traction for creative endeavors in various industries.
Bhavish Aggarwal's Krutrim AI launches mobile app, opens up cloud infra for businesses
Krutrim AI, an artificial intelligence (AI) startup founded by Ola Electric's Bhavish Aggarwal, has opened up its cloud for entrepreneurs and developers. Aggarwal said this will help businesses build products without depending on western cloud solutions.
OpenAI's Sam Altman pitches ChatGPT Enterprise to large firms, including some Microsoft customers
The roadshow-like events illustrate how the company credited with sparking the explosion of generative artificial intelligence with its consumer offering, is looking to grow new sources of revenue from corporates all over the world - some of it potentially on the home turf of its biggest partner.
Keeping AI's future open: A key to ethical and inclusive AI innovation and governance
The rapid evolution of AI presents a unique opportunity to merge cultures, ideas, and knowledge into a unified canvas of innovation. With AI predicted to inject $15.7 tn into the global economy, its role extends beyond economic growth to societal transformation. Policymakers worldwide are focusing on a broader, more inclusive approach to governance that transcends conventional regulatory strategies.
Behind the plot to break Nvidia's grip on AI by targeting software
Now a coalition of tech companies that includes Qualcomm , Google and Intel plans to loosen Nvidia's chokehold by going after the chip giant's secret weapon: the software that keeps developers tied to Nvidia chips.
Experts urge govt to invest in open data, compute for AI leadership
India's success in the global AI race depends on open data, open compute, and open models. The government needs to invest in creating enabling conditions, including solving the compute crunch, supporting startups, and prioritizing critical sectors. Existing frameworks are sufficient to regulate AI.
Oil prices fall on sticky inflation, bigger-than-expected US crude stock build
Brent futures fell 29 cents, or 0.4%, to $82.48 when the market opened at 0000 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 22 cents, or 0.3%, to $77.65 a barrel.
NPS rules for employees, individuals: Who can choose CRA, who can't, charges, other guidelines clarified
NPS guidelines for Government sector employees, private sector employees, individuals: NPS guidelines for Government sector employees, private sector employees, and individuals: NPS subscribers who voluntarily enrol in the pension scheme, can choose their preferred CRA. However, subscribers who enrol in NPS through their employers will not have this option, unless the organisations offer it. PFRDA has issued a master circular consolidating all the instructions regarding the choice of selection of Central Recordkeeping Agency (CRA) for the NPS. Know here.
OpenAI spat highlights perils of leaning on a single GenAI tool
The dependence on OpenAI explains why founders hugely invested in businesses dependent on OpenAI¡¯s tech were extremely concerned.
Valiant Laboratories, Plaza Wires IPOs, 12 SME issues currently open for subscription. check details
Valiant Laboratories & Plaza Wires are open for subscription in the mainstream segment. As many as 12 IPOs in the SME segment are available for public subscription. These issues are Goyal Salt, Sunita Tools, Canarys Automations, Oneclick Logistics, Vinyas Innovative, Kontor Space, E Factor Experiences, Vivaa Tradecom, Karnika Industries, Plada Infotech, Sharp Chucks and Vishnu Priya Projects.
Nirma to acquire 75% of Glenmark¡¯s API arm for Rs 5,615 cr
Glenmark Pharma¡¯s stake in the leading active pharmaceutical ingredient (API) platform will drop to 7.84% from 82.84%. The transaction values the company at Rs 7,535.4 crore, a slight discount to the current market value of Rs 7,683 crore. The acquisition will trigger a mandatory open offer to all public shareholders of GLS for an additional 17%.
OCEN 4.0 unveiled to facilitate short-tenor loans to MSMEs
OCEN is a framework of application programming interfaces (APIs) for interaction between lenders, loan agents, collection and disbursement partners, derived data providers, and account aggregators. Until now, OCEN was running only on the government e-marketplace GeM SAHAY and other pilots across the country.
Open-source technologies and cloud computing will continue to power India¡¯s digital economy, says Karmendra Trivedi of Canonical India
By 2026 cloud¡¯s contribution towards the gross domestic product (GDP) will be anywhere between $315 to $375 billion, directly and indirectly creating 14 million jobs in India. With Canonical India's offerings, including Ubuntu, providing essential support for India¡¯s digital transformation, Karmendra Trivedi, Sales Director, Canonical India, emphasises the critical role of open-source technologies and cloud computing in powering India's dream of becoming a $1 trillion digital economy by 2026. Despite the challenges of adoption, Trivedi stresses cloud technology can fuel innovation - and innovation can drive India¡¯s digital economy.
Google I/O Regional Connect: Tech giant open-sources Indian speech data, location info
Google unveiled a slate of AI tools and technologies for India to support innovation among local developers during its's first-ever Google I/O connect for developers in India in Bengaluru on Wednesday.
Sekhmet, Nirma in fray for Glenmark's API business
Sekhmet Pharmaventures and Nirma Group are in competition to acquire Glenmark Life Sciences (GLS), the 82.85% subsidiary of Glenmark Pharmaceuticals. The firm will reportedly sell the API developer and manufacturer in bid to deleverage. Many sources, including ChrysCapital, are said to be looking at the opportunity, but have yet to make any binding bids. Since Glenmark's share price peaked at Rs 595 last week, the company has grown in value to have a market cap of Rs 7,232 crore. Rising dependence on imports of APIs and bulk drugs has made it an area of interest for India's government, which is seeking to incentivise domestic production.
Momentum Pick: Zydus Lifesciences can gain 8-20% based on these technical, fundamental triggers
Zydus Lifesciences has given returns of more than 35% over a 12-month period outperforming the Nifty50 which has given 1% returns during this period according to data sourced from Trendlyne.
Dozer raises $3 million in funding, emerges from stealth mode
The funding round, led by Sequoia Capital India and Southeast Asia¡¯s Surge, also saw participation from Gradient Ventures and January Capital, the statement said.
Twitter makes some of its source code public
The company said in a blog post it uploaded the code in two repositories on code-sharing platform Github. They include the source code for many parts of Twitter, including the recommendations algorithm which controls the tweets that users see on their timeline.
View: Get developing money
IMF can also offer pooling and swap lines automatically linked to global risk-off or climate change events. Rating agencies need to be sensitised as to how these products bring down EMDE risk.
OpenAI releases ChatGPT API for developers; Snapchat, Instacart among early users
Snapchat, the social media app popular with teens, has introduced a chatbot powered by the most up-to-date version of OpenAI's ChatGPT.
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