Author: TI Editor
The increasing integration of Artificial Intelligence and Gen AI with the financial sector has the potential to foster innovation and transform the banking sector in the coming years, SBI Chairman C S Setty said on Friday.Setty also said the rising digital economy and its influence on the Indian banking sector can be gauged from the range of digital products that the banks offer today.”The growing interest in Artificial Intelligence, Gen AI and its integration into financial sector has the potential to drive further advancements, fostering innovation, efficiency and resilience for benefit of the financial sector… There is a continuing need…
OpenAI has officially expanded the availability of its artificial intelligence (AI) agent, Operator, to several new countries. Previously accessible only to ChatGPT Pro users in the United States, the innovative AI tool is now being introduced in Australia, Brazil, Canada, India, Japan, Singapore, South Korea, the United Kingdom, and other regions where ChatGPT is widely available. However, European users will need to wait longer before gaining access.Announced via OpenAI’s official X account, the rollout marks a significant step in the company’s efforts to enhance AI-powered automation for users worldwide. OpenAI noted that while Operator is not yet available in European…
Modern times combined with easy access to financial data has made credit score fraud more likely to occur than at any previous point in history. Theft of personal information by unauthorized parties leads to account openings and loan applications made in your name thus harming your creditworthiness. This article looks at credit score fraud origins together with defensive and corrective mechanisms.Credit scoreA numerical representation of your credit behaviour appears as your credit score that demonstrates your past loan payment responsibility. The automatic system generates this number by referencing the information in your credit reports that document your financial activities such…
Calling a firm SpinLaunch in an industry where the first part of that name is a way of life might seem a hostage to fortune. But, though the company is no slouch at PR, “spin” here refers to how its cargoes will be dispatched from Earth’s surface—by an armature rotating inside a vacuum chamber (pictured above) rather than on a rocket. After an hour’s steady acceleration, the projectile will be fired out of the chamber at 2.2km a second. Only when it is around 62km up will a small motor ignite to carry it the rest of the way into…
Trump’s indication to impose 25% tariff on pharmaceutical imports into the US sent the Nifty pharma index slumping 3% in early trade, although it recovered to close about 0.7% lower on Wednesday. Stocks of large generic drug manufacturers also went on a downward spiral. Shares of Aurobindo Pharma, Dr Reddy’s, Zydus Lifesciences and Sun Pharma, which have strong presence in the US, slipped by up to 9.5%, 5.8%, 4.8% and 3.2%, respectively, in intra-day trading. The uncertainty was fuelled by the heavy dependence on US exports for top Indian drug makers, which garner anywhere between 30% and 50% of their…
Taiwan has prohibited all government agencies and critical infrastructure providers from using AI technology developed by Chinese startup DeepSeek, citing security risks. The island’s Ministry of Digital Affairs issued a statement on Friday, warning that DeepSeek’s operations pose threats such as cross-border data transmission and potential information leaks.DeepSeek gained global attention in January with the release of its open-source AI platform, which demonstrated advanced human-like reasoning. The platform’s efficiency, developed at a fraction of the cost of its competitors, raised both excitement and concerns about the accessibility of cutting-edge AI without massive hardware investments.The company’s free AI app quickly surged…
Many of us may feel confused about the key differences between split ACs and window ACs. Often, price is the only factor we consider when making a decision. However, it should not be the only one. It is important to understand the differences and benefits of each before choosing. For example, a split AC costs more than a window AC but is more energy-efficient in the long run. On the other hand, window ACs are easier to install and clean, making them ideal for small spaces. Both have their own advantages, so let’s compare them and see which suits your…
Three key aspects including technological progress together with changes in economic conditions and shifting consumer habits drive fundamental changes in personal lending practices. Personal loans will become simpler to acquire by 2025 while also becoming more efficient and will adapt based on individual consumer needs.This article evaluates the primary factors that will alter personal loans while discussing their effects on lending institutions and borrowers.Personal loansPeople can obtain unsecured personal loans from banks and credit unions as well as online lenders to fulfil their diverse private requirements. The versatility of personal loans enables borrowers to combine debt, renovate homes and cover…
New Delhi, Feb 5 (PTI) Union IT minister Ashwini Vaishnaw cited India’s ultra low-cost moon mission Chandrayaan-3 to showcase the country’s innovation potential to bring down the cost of AI development. In a panel discussion with OpenAI CEO Sam Altman, the minister said that very soon the government will come up with an open competition for startups to invite technical solutions that many government departments are looking for. “Our young entrepreneurs, startups, researchers are really focused on getting that next level of innovation which will reduce the cost. Our country, sent mission to the moon at a fraction of the…
Top performers are likely to be handsomely rewarded—in some cases getting raises double that of their peers—in an appraisal season that will see overall increment lower than last year’s, according to a report by consulting firm Aon. “Top performers in IT product firms are expected to get a 1.9x hike versus 1.73x that differentiated him/her from his/her peers in 2024,” said Roopank Chaudhary, partner for human capital solutions at Aon, adding that key talent in consumer and life sciences will get 1.76x and 1.67x raise, respectively. “The consumer sector is expected to see one of the lowest hikes in four…