Tech
Ernie, Baidu’s ChatGPT-Like Chatbot, Now Has a Paid Version. New Cryptocurrency Regulations Could Help Turkey Get Off FATF’s ‘Gray List’
Baidu Releases Paid Version of Ernie, an AI Chatbot That Looks Like ChatGPT
Hello fellow tech enthusiasts, here are some quick tech updates that you should definitely keep an eye on!
What’s new today: Indian IT fresh hires to decline by 50% in FY24
Quick insights: New Cryptocurrency Regulations Could Help Turkey Get Off FATF’s ‘Grey List’
Earlier this year, “Ernie Bot” was introduced by major Chinese search engine Baidu. According to the company, its chatbot can perform industry-specific tasks, such as creating PowerPoint presentations and summarizing financial statements. In November, Baidu released a premium version of the chatbot that resembles ChatGPT. For CNY59.9 (about $8) a month, Baidu offers a premium version of the Ernie bot. It was the first of several AI-powered Chinese chatbots introduced this year.
Hiring of new employees by India’s top IT services firms is expected to fall by half in the current fiscal year due to concerns about a slowdown in the entire $250 billion outsourcing industry. Outsourcers stopped hiring on campuses only in 2008. After reporting second-quarter earnings, Infosys Ltd. and Wipro Ltd. decided not to hire on campuses this year. HCL Technologies Ltd. will stick to its promise of hiring 10,000 people, while Tata Consultancy Services Ltd. plans to stick to its target of hiring 40,000 freshers. Fresher hiring is expected to decline by about 40-50% in fiscal 2024, data shows.
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Turkey is allegedly creating new regulations to control cryptocurrency assets in an effort to convince the Financial Action Task Force (FATF), a global body tasked with tackling financial crimes, to remove it from the “gray list” of countries that have not gone far enough in the fight against money laundering and terrorist financing. Turkey was added to the FATF’s gray list in 2021. Turkish Finance Minister Mehmet Simsek was quoted as saying, “During a discussion with a parliamentary committee on October 31, a FATF report found that Turkey adheres to all but one of the 40 standards set by the watchdog.”
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