Daily Capsule | 22nd Feb
An invention so good that its creators won’t even release it? This might sound a lot like a sci-fi plot, but this one is as real as real gets. It’s an AI – developed by OpenAI (the non-profit once backed by Elon Musk himself) – capable of generating authentic-looking, well-written text.
Now, it’s fair to question what’s so incredibly awesome about this AI? After all, autocomplete tools function similarly, predicting text and generating responses.
Unlike all these tools, however, OpenAI’s system can produce convincing text across paragraphs; writing fake news articles from just bits and scraps of information. Sounds scary, right? Especially when spread of misinformation is rampant. OpenAI knows this and hence won’t be releasing this AI anytime soon.
But don’t let this clip the flight of your imagination!
Stories you shouldn’t miss
While the government’s gazette notification provided much clarity on Angel Tax, the startup ecosystem is waiting for more clarifications. They are especially looking for clarity on what would happen to the 2,000+ startups who have already received notices from the Income Tax Department. In fact, several investors told YourStory that startups and investors alike were waiting for the DPIIT and the Central Board of Direct Taxes (CBDT) to issue clarifications in this regard and spell out the way forward.
In the battle of innovative smartphone designs and engineering genius, it looks like Samsung has taken a lead with the first foldable device, Galaxy Fold. The device, priced at an eye-watering $1980 (Rs 1,42,000 approx), packs in a host of high-end features, including a 7.3 ich Infinity Flex display, a custom UI, six cameras, App Continuity feature, three-way multitasking option, 12GB RAM, 512GB of storage and more. Phew!
San Francisco and Gurugram-based SilverPush has raised $5 million in Series B from Japan’s marketing company FreakOut Holdings. The fresh funds will be utilised to deploy Artificial Intelligence (AI) and explore the over-the-top (OTT) players in the Asia-Pacific region. SilverPush is an advertising-technology company. Founded by Hitesh Chawla, Mudit Seth and Alex Modon in 2012, it provides cross-device mapping solutions to big brands and helps them understand user behaviour.
Hospitality chain OYO Hotels and Homes has launched operations in the Kingdom of Saudi Arabia. The company has signed deals with 50 hotels in the country for more than 3,000 rooms across seven cities. In addition, OYO has also signed a memorandum of understanding with the Public Investment Fund, Saudi Arabia, to highlight the business potential it sees in the market.
India is in the middle of a smartphone and mobile internet revolution. And yet the women folk in the country are far from embracing this wave of change. According to a GSMA study titled ‘Connected Women 2019 Gender Gap Report’, Indian women are 28 percent less likely than men to own a mobile phone, and 56 percent less likely to use mobile internet. There’s more. The study further indicates that only 59 percent of Indian women own a mobile phone.
AWS in partnership with Omnivore and SatSure is organising AWS AgriTech Day in 3 cities – Mumbai (7th March), Delhi (8th March) and Hyderabad (9th March). This is an opportunity for startup founders, product and technical leaders in the agritech space to collaborate with VCs and enterprises to solve the most critical problems in agriculture in India. Logistics, supply chain and rural focused fintech/banks are also encouraged to participate.
AB InBev has been empowering Indian farmers through its SmartBarley programme since 2013. To further reiterate their commitment, the 4th edition of Barley Growers Day was held on February 20, 2019 at Sri Ganganagar, Rajasthan to celebrate farmers benefiting from the programme. Click here to know the highlights of the event.