Microsoft-backed OpenAI starts release of powerful AI known as GPT-4

OpenAI, which created the chatbot sensation ChatGPT, said in a blog post that its latest technology is "multimodal," meaning images as well as text prompts can spur it to generate content.

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Brands ride on Oscar winneRRRs

Paytm came out with an ad that said, “Say Na To UPI Failures with Paytm” while detergent brand Tide in a meme declared that a win “can’t get cleaneRRR than this”. Condom brand Durex in an ad said: “WHISPERing to winning screams. Indeed, a gRRReat night.”

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Flatter is faster, leaner is better: Meta CEO Mark Zuckerberg as company cuts another 10,000 jobs

This comes after the company said it would cut its workforce by another 10,000 employees following the cuts it announced in November last year. The company had earlier announced that it would fire 11,000 employees, constituting 13% of its workforce.

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OpenAI plans to up the ante in tech’s AI race

The company unveiled new technology called GPT-4 four months after its ChatGPT stunned Silicon Valley. The update is an improvement, but it carries some of the same baggage.

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Etsy, other ecommerce companies feel squeeze of SVB collapse

Approximately 0.5% of Etsy's active sellers - or around 2,700 merchants - had their payments delayed on Friday after SVB's collapse, according to Etsy.

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SVB crisis: regret and blame in Silicon Valley after bank run

SVB, which was founded in the 1980s, claimed that "nearly half" of US technology and life science startups banked with them for a wide range of services, but mainly to park cash handed to them by their venture capitalist backers to operate.

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Enterprises likely to continue to invest in cloud services despite US slowdown: McKinsey

According to the management consultancy firm, enterprises are expected to continue to invest in cloud services, with the market expected to grow to $450 billion by 2025 from about $250 billion now.

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