ChatGPT Valued at US$90B in AI Boom; JPMorgan Prohibits Crypto Transactions
OpenAI, the San Francisco-based software firm, is reportedly in talks to sell existing shares, potentially boosting its valuation to an astonishing US$80 to US$90 billion. This surge in valuation aligns with the current AI investment boom, solidifying OpenAI’s position as one of the world’s most valuable privately held companies.
OpenAI’s Valuation Surges Amid AI Investment Boom
OpenAI, the San Francisco-based software firm, is reportedly in talks to sell shares, potentially increasing its valuation to a staggering US$80 to US$90 billion. This valuation growth aligns with the current surge in AI investment, establishing OpenAI as one of the world’s most valuable privately held companies.
Uttarakhand High Court Probes Irregularities in Cooperative Bank Postings
The Uttarakhand High Court has directed the state government to submit a report on irregularities in the recruitment of Group D positions in cooperative banks across the state. Allegations of widespread irregularities have been raised, questioning the fairness of the process.
Spotify Tests AI-Powered Language Translation Feature for Podcasts
Spotify is testing an AI-powered feature that enables language translation within its podcast platform. This innovation has the potential to overcome language barriers and make podcast content accessible to a global audience. By leveraging voice generation technology, Spotify’s AI tool can replicate the speech patterns of podcast hosts, enhancing the experience for non-native speakers.
JPMorgan’s UK Bank Chase Prohibits Crypto Transactions
JPMorgan’s UK retail bank, Chase, has announced that it will block customers from making cryptocurrency transactions starting October 16. The decision comes as a response to the increasing number of crypto scams targeting UK consumers. Chase joins other UK lenders in restricting access to cryptocurrencies due to concerns about their use in criminal online activities.