Paytm reported a positive EBITDA before ESOP cost (earnings before interest, taxes, depreciation, amortisation and employee stock option costs) of Rs 31 crore. This metric was negative Rs 393 crore in December quarter last year.
ChatGPT responds in a human-like way and it is designed to mimic real conversations. The bot can explain, recollect what was said earlier in the conversations, elaborate on ideas, and even apologise when it is wrong.
There has been a surge in sales of premium smartphones in India since the pandemic with mass segment consumers postponing purchases due to income constraints during the peak of Covid and record high inflation last year. As per industry executives, Apple has gained a larger share of wallet in the country for this.
And while Amazon's holiday revenue beat Wall Street's expectations, the company believes sales growth in its long-lucrative cloud business will slow for the next few quarters, its chief financial officer told reporters.
Popular deal structures and valuation approaches employed by Indian startups could take a hit as the central government extends angel tax provisions to foreign investors.
Experts said to avoid the tax, startups might consider readjusting the jump in valuation and avoid a wild swing in pricing a round– especially if the business fundamentals of the company have remained unchanged.
Microsoft-owned OpenAI has launched its paid subscription plan for ChatGPT, its text-generating AI that can write like humans.