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AI has skill, but not art; can’t replace human emotion: Chetan Bhagat
Chetan Bhagat dismissed AI’s threat to fiction writing. He stated AI cannot replicate human emotion or lived experience. Bhagat launched his new book, ’12 Years: My Messed-Up Love Story’, in Pune. The book features a love story with an age…
Competition heats up to challenge Nvidia’s AI chip dominance
Nvidia continues to dominate the AI chip market, leveraging its integrated hardware and software ecosystem. While cloud giants like Google and Amazon are developing their own powerful processors, and Chinese firms are also entering the fray, experts assert Nvidia’s lead…
China’s chip challenge: the race to match US tech
China pushes to develop top AI microchips. Analysts state China will struggle to match Nvidia’s technical might this decade. US restrictions on advanced chips drive this effort. China needs progress in memory, packaging, software, and manufacturing tools. Industry experts predict…
Dhan’s unicorn fundraise; IT’s flat Q2
Happy Monday! Stock-trading startup Dhan has raised $120 million at a unicorn valuation. This and more in today’s ETtech Morning Dispatch.
JSW One Platforms raises Rs 575 crore from SBI, JSW Steel, Principal Asset Management, others
The fresh capital will be used to scale the company’s technology platform, expand its distribution and logistics network, and strengthen its non-banking financial company (NBFC) arm, which provides financing solutions to small and medium enterprises (MSMEs).
Magicpin eyes 5 lakh customers for food delivery vertical Inner Circle by year-end
Magicpin aims to enrol 5 lakh students and corporate users on its new food delivery service, Inner Circle, by December. Launched in September, it has already attracted 1.5 lakh users. The service targets Gen Z and young professionals, offering affordable…
Indonesia lifts TikTok licence suspension as app shares data
Indonesia has lifted its suspension of TikTok’s local operating licence after the social media platform shared data requested by the government about recent protests, the ministry of communication and digital affairs said. “Based on the fulfillment of those obligations, the…
EU to unveil new AI strategy to reduce dependence on US and China: FT
The EU plans to launch a fresh strategy to boost locally developed AI platforms, aiming to compete with tech leaders like the US and China. Called the “Apply AI strategy”, the proposal encourages the use of European AI tools across…
When AI came for Hollywood
Emily Blunt expressed alarm after learning that rising “actress” Tilly Norwood is actually AI. Speaking on a podcast, she called the development terrifying. Created to rival real stars like Scarlett Johansson, Tilly’s rise has triggered concern in Hollywood, where many…