Welcome to the world of facts and news

India's leading business and tech schools explore coexistence with artificial intelligence

While some institutes are jittery about students using artificial intelligence-driven language programmes to put together assignments and projects, most look at it as the next innovation frontier that is impossible to ignore, top officials told ET.

from Tech-Economic Times https://ift.tt/B5tT3wR

Jobs in startupland shrink 30%; hikes fall amid funding freeze

Employees at startups are seeing only 10% annual hikes on the higher side, while many are even forced to take a 10% cut, show findings of a report.

from Tech-Economic Times https://ift.tt/8qkxToa

Tencent offloads 2% stake in PB Fintech for Rs 562 crore

Tencent sold the shares for Rs 596.6 a piece, roughly 39% below PB Fintech’s IPO price of Rs 980. As per the latest transaction, Tencent's shareholding in PB Fintech has reduced to 6.28% from 8.37% (as of March 2023).

from Tech-Economic Times https://ift.tt/Xyk0cdq

I-T department invites comments on draft rules for valuing startup investment by non-residents

Under the existing norms, only investments by domestic investors or residents in closely held companies were taxed over and above the fair market value. This was commonly referred to as an angel tax.

from Tech-Economic Times https://ift.tt/IHCEscD

Hyundai, LG announce $4.3-billion plant in Georgia to build batteries for electric vehicles

The Hyundai-LG plant is supposed to be able to supply batteries for 300,000 electric vehicles per year, which is the initial projected production of the adjoining vehicle assembly plant.

from Tech-Economic Times https://ift.tt/Q3UnOIh

OpenAI offers $100,000 grants for ideas on AI governance

The $100,000 grants will go to recipients who present compelling frameworks for answering such questions as whether AI ought to criticize public figures and what it should consider the "median individual" in the world, according to a blog post announcing the fund.

from Tech-Economic Times https://ift.tt/zAyu8QU

Some betting apps continue advertising despite ban; fintechs push for decentralised KYC regime

Happy Friday. A bunch of gaming and getting firms continue operations and ads across online platforms despite a government ban. This and more in today’s edition of ETtech Morning Dispatch.

from Tech-Economic Times https://ift.tt/wIWiYR9

Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...