Tech
The enthusiasm for the development of ChatGPT gives way to a new industry. Private cryptocurrencies are doomed, says Singapore’s central banker
The development of ChatGPT generates excitement and opens the door to a revolutionary field of artificial intelligence
Good morning tech family, here are some quick tech updates for you to follow!
Today’s news: Funders are targeting freshers to fight ‘infant mortality’ and reduce dropout rates
Quick insights: Private cryptocurrencies are doomed, says Singapore’s central banker
The initial fervor around generative artificial intelligence (AI) was unmatched by anything the world had witnessed. ChatGPT reached 100 million users in less than two months after its launch in November 2022. Internet searches for “artificial intelligence” increased dramatically; In the first half of this year alone, AI companies received over $40 billion in venture capital funding.
To combat the problem of high attrition, private banks plan to hire a minimum of 50,000 workers, including recent graduates, for entry-level roles over the next year, according to bankers and recruitment specialists. As for the pattern of recent workers choosing logistics and delivery services and quitting within the first three months on the job, banks are struggling with what they call “infant mortality.”
Netweb Technologies India Limited (Netweb) recently declared its role as the manufacturing partner for the cutting-edge NVIDIA Grace CPU Superchip and GH200 Grace Hopper Superchip MGX server designs. As part of this collaboration, Netweb is set to produce over ten server variants in its Tyrone AI systems range. These advanced AI systems are strategically designed to suit a wide range of applications, particularly in the areas of artificial intelligence, high performance computing (HPC), supercomputing, data science, large language models, edge computing, enterprise artificial intelligence, and design and simulation. . to know more
The head of Singapore’s central bank predicts that private cryptocurrencies that have failed essential financial services exams will eventually disappear from the market. According to the Chief Executive of the Monetary Authority of Singapore, Ravi Menon, this means that the future monetary system will consist of three main elements: tokenized bank liabilities, digital currencies issued by central banks and “well-regulated” stablecoins. Menon made this announcement on Tuesday in Hong Kong.