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Elon Musk offers to buy Twitter for USD 43 Bn

Elon Musk has offered to buy a 100% stake in Twitter to become the sole owner of the social media platform. The move came days after Musk picked up a 9.2% stake in Twitter. He is now the largest shareholder of the microblogging platform at over four times the stake than Twitter co-founder Jack Dorsey (2.25 percent). The Twitter stock rallied and closed at USD 45.85 a share– a 12% spike– on Wednesday. Later, the Tesla chief said he...

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IISc Bengaluru launches Accenture Centre for Advanced Computing

Accenture and the Indian Institute of Science (IISc), Bengaluru are collaborating to undertake research and development in cloud continuum and neuromorphic computing at the newly established Accenture Centre for Advanced Computing. Register >> “Today’s AI systems can interpret spoken commands, recognise objects and gestures, navigate, plan and make decisions, which are driving demand for even more powerful AI-driven experiences....

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Pinterest launches its first-ever developer-centric open API

Pinterest has launched a developer-centric open API. The Pinterest API (v5) will enable developers to connect quickly and build applications that enable faster Pinterest content creation and direct access to analytics.  Noteworthy features include: A single API for all use cases: the Pinterest API (v5) is the single API for developers to build applications and solutions for merchants, advertisers, creators and Pinners to drive results...

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EV company Fisker establishes its India headquarters in Hyderabad, starts hiring

EV  company Fisker Inc has established its India headquarters in the southern city of Hyderabad, Telangana. “Our expansion into India represents both a strategic market opportunity and a significant boost to our global engineering capabilities,” Fisker chairman and CEO Henrik Fisker said. “We have already started local hiring in India and expect our new team in Hyderabad to be fully operational and engaged on multiple product...

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AI chatbot startup LimeChat raises USD 4.2 Mn

LimeChat has raised USD 4.2 million in seed funding led by Stellaris Venture Partners, with participation from Pi Ventures, Titan Capital and marquee angel investors.  “Despite spending a lot of energy, human resources and capital, some stellar brands miss out on delivering quality customer experience and support. LimeChat was conceived with the mission to help brands leverage conversational mediums and powerful automation to create...

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Data science journey of freelancer & trainer Shobhit Nigam

Shobhit Nigam leads the data science and engineering division of edtech platform KnowledgeHut. He spent 17+ years honing skills in machine learning, AI and embedded engineering. Apart from developing innovative data solutions, Shobhit trains young professionals in data science, machine learning, AI, and embedded engineering for corporate firms. He has over 1,500 days of training experience with MNCs like Amazon, Mercedes Benz, Samsung,...

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DeepMind launches GPT-3 rival, Chinchilla

Researchers at DeepMind have proposed a new predicted compute-optimal model called Chinchilla that uses the same compute budget as Gopher but with 70 billion parameters and 4 times more data.  Chinchilla uniformly and significantly outperforms Gopher (280B), GPT-3 (175B), Jurassic-1 (178B), and Megatron-Turing NLG (530B) on a large range of downstream evaluation tasks. It uses substantially less computing for fine-tuning and...

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IISc & Melbourne University to offer joint PhD programme in science & technology

University of Melbourne, a leading international university with over 160 years of experience in teaching and research, and Indian Institute of Science (IISc), one of the leading research institutions in India, have partnered up to offer the first-ever joint PhD programme in science and technology. The program is part of the Melbourne India Postgraduate Academy (MIPA), a joint initiative consisting of established researchers and joint...

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BigLake, Vertex AI Workbench & other major announcements at Google’s Data Cloud Summit

At Google Cloud’s second annual Data Cloud Summit, the search giant has announced new services to help organisations unlock new potential and elevate customer experiences.  The key announcements include:  BigLake: Available in preview, BigLake is built to unify data warehouses and lakes to extend BigQuery’s capabilities, gain access control and performance acceleration across multicloud storage over a single copy of data....