New Delhi | Updated: December 4, 2023 14:15 IST ChatGPT, the groundbreaking AI chatbot developed by OpenAI, is marking its first anniversary since its official launch on November 30, 2022. As the fastest application to cross 100 million users, ChatGPT has transformed the landscape of artificial intelligence, leaving an indelible mark on how we interact with and perceive AI technologies. Unveiling ChatGPT ChatGPT, short for Chat Generative Pre-trained Transformer, is a generative AI designed to generate content rather than merely analyze or act on existing data. Developed on OpenAI’s proprietary…
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Meta Unveils AI-Based Video Editing Tools for Instagram and Facebook
Meta Platforms, the parent company of social media giants Instagram and Facebook, has introduced two new AI-powered features for video editing, marking a significant stride in the realm of artificial intelligence. The first tool, named Emu Video, is designed to generate concise four-second-long videos. Users can provide a prompt in the form of a caption, photo, or image, accompanied by a description. This feature adds a new dimension to content creation, offering a quick and creative way to share moments on the platforms. The second tool, Emu Edit, empowers users…
Read MoreAmazon Steps Up AI Race with Up to $4 Billion Deal to Invest in Anthropic
Amazon.com has just made a significant move in its quest to maintain its dominance in the competitive field of artificial intelligence (AI). In a groundbreaking deal, Amazon announced its intention to invest up to $4 billion in the promising startup, Anthropic, setting the stage for an intensified AI race in the cloud computing industry. This strategic partnership extends beyond the typical investor-startup relationship. Amazon’s employees and cloud customers will gain early access to Anthropic’s cutting-edge AI technology, empowering them to integrate these innovations into their businesses. The San Francisco-based startup,…
Read MoreAmazon Empowers Alexa with Advanced Generative AI, Setting the Bar for Smarter, Personalized Voice Assistants
In the ever-evolving landscape of artificial intelligence (AI) and voice-assistant technology, Amazon has taken a significant step forward by introducing its latest upgrade to the beloved Alexa. During Amazon’s fall event held in Arlington, Virginia, the company’s Senior Vice President of Devices and Services, Dave Limp, unveiled a custom-built Large Language Model (LLM) that promises to make Alexa even smarter and more conversational. In a world where competition in the AI industry has become fierce, Amazon’s move to enhance Alexa’s capabilities is a strategic one. Limp emphasized that this new…
Read MoreAmazon Leverages AI to Reduce Damaged Products in Warehouses
Are you all tired of e-commerce giants sending damaged products? Well, Amazon is taking a significant step to address this issue by implementing AI technology in its warehouses. According to a report from the Wall Street Journal, Amazon is leveraging artificial intelligence to inspect items before they are shipped, ensuring that customers receive products in good condition. This move not only reduces the number of damaged goods sent out but also improves the efficiency of the picking and packing process. It is part of Amazon’s broader plan to increase automation…
Read MoreCAIT seeks regulatory body for e-commerce
CAIT, the traders’ body, demanded on Friday that the government immediately implement a robust e-commerce policy and establish a regulatory authority for the sector. The Confederation of All India Traders (CAIT) reiterated its demands a day after a Parliamentary panel suggested digital market entities to desist from “anti-steering”, “deep discounting”, “self preferencing”, “search & ranking preferencing” and other practices that will impact competition in the market. A Parliamentary panel proposed an ex-ante regulation, classification of “systemically important digital intermediaries” based on revenue, market capitalisation, and number of users, and a…
Read MoreFacebook rolls out cloud games for apple devices, following Microsoft & Amazon
Facebook on Friday rolled out cloud games on Apple devices through a web app for the Safari browser. With the new update, users can play games instantly on a mobile device or web browser without downloading them. Facebook released the cloud games after Apple’s update updates to its cloud gaming policy, which says each streaming game must be submitted to the App Store as an individual app for review. Previously, Microsoft and amazon launched cloud games on apple devices. Vivek Sharma, vice president of Facebook Gaming explained, “We’ve come to…
Read MoreE-Commerce Firms Face More Hurdles in Maharashtra, Assam
New rules from the governments of Maharashtra and Assam have created additional hurdles for e-commerce and transport operators, including those delivering food, groceries and other essential supplies. The Maharashtra government, in a notification on Wednesday, said drivers and helpers of all goods carriers entering the state must carry a negative RT-PCR certificate that is less than 48 hours old, and that it will be valid for only seven days. The new rules also say that a cargo carrier cannot have more than two people. Meanwhile in Assam, though the government…
Read MoreAmazon wins $303 million tax case in European Union
Brussels: Europe’s second-top court on Thursday annulled an EU order to Amazon.com Inc. to pay about €250 million ($303.28 million) in back taxes to Luxembourg, part of an EU crackdown against unfair tax deals between multinationals and European Union countries. The Luxembourg-based General Court said Amazon had not enjoyed a selective advantage in its tax deal with Luxembourg. “The Commission did not prove to the requisite legal standard that there was an undue reduction of the tax burden of a European subsidiary of the Amazon group,” judge said. The European…
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