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Articles

Former Instacart, Facebook Exec Fidji Simo Is OpenAI’s CEO of Apps

1 week ago | dzambhalafinance.com | Neer Varshney

OpenAI CEO Sam Altman announced through X late Thursday that Fidji Simo, the former Instacart CEO, will join OpenAI as the CEO of Applications. Altman expressed enthusiasm for Simo’s new role, emphasizing their experience working together over the past year. Simo would report directly to Altman in the role. With the change, Altman plans to concentrate more on research, computation, and safety, critical aspects as the company navigates the landscape towards superintelligence.
OpenAI Releases o3 Model that can Reason with Images

1 month ago | dzambhalafinance.com | Neer Varshney

OpenAI has unveiled its new o3 model as part of its o-series, highlighting a breakthrough in reasoning capabilities, especially in interpreting and processing images. These models, including the o4-mini, can now effectively utilize full tool access within ChatGPT. The Sam Altman-led company specially highlighted o3’s prowess in visual tasks, such as analyzing images, charts, and graphics.
UltraTech Cement Invests ₹26 Crore in Rajasthan Solar Power Project

1 month ago | dzambhalafinance.com | Neer Varshney

UltraTech Cement has announced the acquisition of a 26% equity share in AMPIN C&I Power Eight Private Limited. The acquisition is part of a strategy to meet the company’s green energy requirements and optimize energy costs. AMPIN C&I Power Eight is involved in the generation and transmission of renewable energy, specifically solar power. The total investment for the acquisition is approximately Rs. 25.5 Crores. This transaction is not classified as a related party transaction.
Airtel Teams-Up With Blinkit to Deliver Sim Cards in 10 Mins

1 month ago | dzambhalafinance.com | Neer Varshney

Bharti Airtel (NSE: BHARTIARTL) has partnered with Blinkit to deliver SIM cards to customers’ homes in 10 minutes. The service is initially available in 16 major cities, including Delhi, Mumbai, and Bengaluru. Customers will have to shell out a fee of ₹49 to receive their SIM cards at home. Activation of the SIM card could be done through an Aadhaar-based KYC process from home. Customers can choose between prepaid and postpaid plans, or port their existing number to Airtel.
Sam Altman’s OpenAI to Shut Down GPT 4.5 After Harsh Developer Feedback as it launch New Flagship Model

1 month ago | dzambhalafinance.com | Adam Brooks |Neer Varshney

OpenAI on Monday evening introduced the GPT-4.1 series, featuring models like GPT-4.1 nano, with what it said were notable advancements in coding, long context and instruction following. These models promise major improvements over their predecessors, such as better performance on coding tasks and the capability to manage up to a million tokens of context, a significant leap from previous limits.
Crypto Exchange Kraken Ventures Into Stocks Trading

1 month ago | dzambhalafinance.com | Adam Brooks |Neer Varshney

In a move to diversify its offerings, Kraken is leaping beyond the realm of cryptocurrency by rolling out commission-free trading on over 11,000 U.S.-listed stocks and ETFs. Announced on Monday, the initiative aims to cater to U.S.-based clients across various states such as New Jersey, Wyoming, and Oklahoma, marking a significant expansion into traditional finance for the cryptocurrency exchange.
HCL Integrates US Chip Giant Nvidia’s Enterprise Solutions to Improve Services

1 month ago | dzambhalafinance.com | Neer Varshney

HCL Technologies Ltd. (NSE: HCLTECH) has integrated NVIDIA AI Enterprise with its GenAI-led service transformation platform, AI Force, the company announced Monday. The integration aims to accelerate AI adoption for enterprises by improving software development cycles and engineering efficiency. NVIDIA’s AI Enterprise software will enhance operational efficiency across coding, testing, and process optimisation, HCL said.
Trump Tariffs Puts Apple In Stormy Weather, Warns Analyst

1 month ago | dzambhalafinance.com | Neer Varshney

Apple analyst Ming-Chi Kuo has outlined some potentially stormy weather for the tech giant following the Trump administration’s new tariff policies. These tariffs impose a burdensome 54%, 26%, and 46% on Apple’s hardware assembly in China, India, and Vietnam, respectively. With 85-90% of Apple’s production happening in China, this could eat into Apple’s future profitability. Kuo notes a significant drop of 8.5-9% in Apple’s overall gross margin if prices remain stable.
No Party for Apple Investors even if $1B Deal With Nvidia Goes Through, Says Top Analyst

1 month ago | dzambhalafinance.com | Adam Brooks |Neer Varshney

Ming-Chi Kuo, the well-regarded Apple analyst, is not buying into the recent buzz about the iPhone maker entering into a $1 billion deal with Nvidia. The rumored purchase involves Apple’s acquisition of Nvidia’s GB300 NVL72, amounting to around 250 racks or 18,000 GPUs. In Kuo’s view, this order size barely registers on the scale needed to make a dent in Apple’s AI strategy. Such a purchase pales compared to other tech giants’ AI ambitions, the analyst noted.
OpenAI Launches Native Images in ChatGPT

1 month ago | dzambhalafinance.com | Neer Varshney

OpenAI has launched native image generation in ChatGPT, with the 4o model. “Image generation has largely been a novelty” Sam Altman said in a livestream Wednesday morning ET, on motivation behind introducing the feature. “I remember seeing some of the first images come out of this model and having a hard time they were really made by AI,” he added in a post on X. Google had earlier made native image generation available in Google AI Studio for developers across all regions on March 12.