Author: admin
Peer-to-peer artificial intelligence (AI) agents powered by the US dollar-pegged stablecoin USDT may soon be launched, according to a new post from Tether CEO Paolo Ardoino. Tether Transforms Business with AI In a post on X, Ardoino spoke about the P2P AI agent that uses USDT and LN settlement. The Tether AI update has been long-awaited, and Ardoino confirmed that everything is on track. With this statement, the Tether CEO could be alluding to a new project his company has undertaken, one that is in the burgeoning technology space. Additionally, Ardoino said he wants agents to use local, private AI.…
Net profit is Patanjali Foods In the first quarter of FY24-25, it surged to Rs 2,629 crore compared to the previous year (1st Quarter of FY25In a stock exchange filing, the company said:The company reported a three-fold increase in profits in the first quarter of the current fiscal year from Rs 880 crore in the same period last year. The company also reported standalone revenue of Rs 7,173.06 crore for the first quarter of fiscal 2024-25. The company's EBITDA doubled year-on-year to Rs 435.08 crore and grew 4.08 percent quarter-on-quarter.The company also said that EBITDA margin in Q1FY25 increased to…
AI News and Updates: Welcome to the cutting edge of AI! The world of artificial intelligence (AI) is abuzz with exciting developments. From OpenAI's ambitious plans to achieve human-level AI to Elon Musk's amazing brain chip updates, there's a lot to unpack. Let's dig into the latest breakthroughs, innovations, and even some controversies that are shaping the future of AI.OpenAI's path to AGI: Five levelsLeading AI research organization OpenAI has released a five-tiered system for measuring progress towards artificial general intelligence (AGI), the holy grail of AI: the ability to perform any intellectual task that a human can perform.Here's a…
Patanjali Foods announces first quarter financial results for FY24-25 (Photo- @Patanjali_foods/X) New Delhi [India]July 20 (ANI): Patanjali Foods' net profit surged to Rs 2,629 crore in the first quarter of fiscal year 2024-25 (Q1FY25) compared to the same period last year, the company reported in a stock exchange filing.The company reported a threefold increase in profits in the first quarter of this fiscal year from Rs 880 crore in the same period last year.Also read | Deaths in US car due to heat: 2-year-old boy and 8-week-old girl die within hours of each other after being left in car for…
The report, recently released by OpenGov Asia, a content platform that shares ICT-related knowledge and information to better serve citizens and customers, highlighted that Vietnam has overtaken the Philippines to become the third-largest e-commerce market in the region.Last year, the total gross merchandise volume (GMV) of the top eight e-commerce platforms in Southeast Asia reached US$114.6 billion, recording a 15% increase year-on-year. Despite macroeconomic challenges, Southeast Asia's e-commerce sector has shown continued growth, with GMV this year predicted to double compared to 2020.The growth trajectory was led by Vietnam and Thailand, with GMV increasing 52.9% and 34.1% respectively year-on-year. Vietnam's…
Mistral AI announced NeMo, a 12B model created in partnership with NVIDIA. The new model boasts an impressive context window of up to 128,000 tokens, delivering state-of-the-art performance in inference, world knowledge, and coding accuracy for its size category. The collaboration between Mistral AI and NVIDIA has resulted in a model that not only pushes the boundaries of performance, but also prioritizes ease of use. Using a standard architecture, Mistral NeMo is designed to be a seamless replacement for systems currently using the Mistral 7B. To encourage adoption and further research, Mistral AI has made both pre-trained base and instruction-tuned…
Taiwan Semiconductor Manufacturing Company (TSMC) raised its 2024 revenue forecast, citing strong demand for chips for AI applications. The world's largest contract chipmaker now sees growth in the mid-20s in U.S. dollar terms, better than its previous forecast. The adjustment came after TSMC reported better-than-expected second-quarter 2024 profits. TSMC announced in its earnings report: Reutersalso touched on speculation about possible joint ventures, particularly in the U.S. The company reaffirmed its commitment to its current global expansion strategy, which includes significant investments in Arizona, Japan and Europe. This stance on independent growth comes amid ongoing discussions about the global distribution of…
How CEO Kalyan Krishnamurthy balances e-commerce with welfare and nation-buildingIBT Creative Kalyan Krishnamurthy's tenure as CEO of Flipkart not only saw a period of significant growth for the company, but also saw him receive the prestigious IBT CEO Award. This accolade provides the backdrop for exploring how, under Krishnamurthy's leadership, Flipkart is revolutionizing the e-commerce space, balancing community building with profitability. In 2007, the virtual landscape in India was very different. Sure, Google existed, but not to the extent that it is today. High-speed internet, 4G and unlimited data were not yet in public use and online shopping was not…
Tata-owned e-commerce major BigBasket has introduced a new SaaS-based supply chain platform, BB Matrix, aimed at strengthening delivery operations and helping businesses enter the e-commerce market. Platform Overview With around 13 years of experience in the digital market, BigBasket's BB Matrix is designed to optimise supply chain management for businesses across sectors. The platform helps drive efficiency in delivery operations, potentially leading to reduced costs and increased productivity. Rakshit Daga, Chief Product and Technology Officer (CPTO) at BigBasket, will head the operations of the platform. He explained that BB Matrix integrates various aspects of the supply chain including warehousing, transportation,…
Welcome to AI News Today, your daily roundup of the AI industry. Texas miners switch from crypto to AI A Texas cryptocurrency miner is focusing on the next big wave of technology, leaving bitcoin behind and moving into artificial intelligence. The change comes as AI technology promises a more sustainable and profitable business compared to the volatile cryptocurrency market. Check out the TDR website for more details! AI predicts ship sinking due to abnormal waves New research shows that AI may be able to predict the onset of unusual waves that can sink ships. By analysing maritime data, AI models…