What's New Today: HC asks govt to submit report on co-op banks' recruitment
Fast-Track Insights: Crypto transactions prohibited by JPMorgan's UK bank Chase
According to unnamed sources quoted by both Reuters and the Wall Street Journal, San Francisco-based software firm OpenAI is in talks to sell existing shares in a deal that could boost its valuation to a stunning US$80 to US$90 billion. This significant valuation growth coincides with a surge in AI investment, establishing OpenAI as one of the world's most valuable privately held companies.
The Uttarakhand High Court on Tuesday directed the state government to file an affidavit on the issue of irregularities in Group D postings in cooperative banks throughout the state. Petitioner Priyanshu Tyagi stated in his petition that there have been widespread irregularities in the recruitment of Group-D positions in district cooperative banks across the state. According to the petitioner, a notification for appointment to 423 Group D positions was issued in 2020.
In a move that could revolutionize the podcasting industry, Spotify technology is currently testing an AI-powered feature for language translation within its podcast platform. This exciting development promises to break down language barriers and open up a world of content for listeners around the globe. Using voice generation technology, Spotify's new AI-powered feature claims that the tool can mimic the podcast host's speech patterns. Read More
JPMorgan's (JPM.N) British retail bank Chase announced on Tuesday that it will prohibit customers from making crypto transactions beginning Oct. 16 due to a surge in fraud and scams. "We've seen an increase in the number of crypto scams targeting UK consumers, so we have taken the decision to prevent the purchase of crypto assets on a Chase debit card or by transferring money to a crypto site from a Chase account," the bank's representative stated. Chase is the latest lender in the UK to restrict clients' access to cryptocurrency, citing long-standing concerns about its use in criminal-run online schemes.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.