The innovative AI toy ChatGPT that's wowed the world finds growing favor with India Inc.

Good morning tech fam; here are some quick tech updates for you to catch on to!

What's New Today: LinkedIn shutters its China app and eliminates 700 workers.

Fast-Track Insights: Cryptocurrency prices drop after Binance temporarily stops accepting Bitcoin withdrawals.

India Inc. is becoming more receptive to ChatGPT, the cutting-edge AI toy that has captivated the world. Human resource specialists are sure that the disruption to the job market will become more obvious in six to twelve months, even if a few businesses are already testing out OpenAI's artificial intelligence chatbot. Most people want this to be separate from layoffs, though. The emerging technology brings data privacy and security issues that many people might not be aware of, so experts also have a word of warning. Demand has increased recently as more businesses introduce ChatGPT to explore its possibilities. Others, including Air India and the microblogging service Koo, have been quicker to take advantage of the technology.

LinkedIn is the latest digital company to lay off employees, which has cut 716 positions from its 20,000-person staff. The business-focused social networking platform will gradually stop supporting its local employment app in China. The decision, according to a letter from the company's CEO Ryan Roslansky, was made to streamline the business's operations. Companies including Amazon, Microsoft, the parent company of LinkedIn, and Alphabet have all announced layoffs in the past six months. We are increasing the usage of suppliers, according to Mr. Roslansky, "as the market and customer demand fluctuate more and to serve emerging and growth markets better."

Fuzzy logic systems produce the logical output in response to uncertain, disorderly, deformed, and incomplete fuzzy inputs. Artificially intelligent fuzzy logic is a method of problem-solving that resembles human reasoning. The strategy will be an exact reproduction of how a person would decide. It should consider all possible solutions to the issue and a digital output of YES or NO. The whole logic system is an n-valued logic system that applies the scale of the input state and produces outputs depending on the input state and degree of change of these states. To provide a standard output, the developer of fuzzy logic systems incorporated all conceivable logic of inputs in the system. They support uncertainty management in tiny micro-controllers, car operations, electrical gadgets, etc. Read More

As a result of high demand and increasing processing costs, Binance temporarily suspended its Bitcoin withdrawals on Monday. This caused shares of firms involved in the cryptocurrency and blockchain industries to decline in premarket trading. The halts caused the biggest cryptocurrency in the world, bitcoin, to fall 2% to a one-week low of US$27,900. Coinbase Inc., a cryptocurrency exchange, sank 4%, while Bitfarms Ltd., a blockchain farm operator, declined 4.3%. Along with falling bitcoin prices, the value of cryptocurrency miners such as Riot Platforms, Marathon Digital, and Hut 8 Mining fell by 4.6% to 7.2%. The biggest cryptocurrency exchange in the world, Binance, halted bitcoin withdrawals for three hours on Monday and an hour late on Sunday, claiming there were too many outstanding transactions because it hadn't paid "miners" enough to record deals on the blockchain.