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What's New Today: IT Jobs Lag Behind India's Hiring Boom
Fast-Track Insights: WazirX Sees Massive Drop in Volume Due to India's Crypto Pressure
On Monday, ChatGPT creator OpenAI released their most recent set of rules for estimating "catastrophic risks" associated with AI in models that are presently in development. The news comes a month after the CEO Sam Altman was sacked by the board of the company, only to have him reinstated a few days later due to opposition from the workforce and investors. US media reported that board members had chastised Sam Altman for pushing for OpenAI's faster development at the expense of avoiding some inquiries about the technology's potential hazards.
According to a survey by employment platform Taggd, India's hiring market is expected to expand in 2024, with overall intent rising by 19% over the previous year. With a strong hiring intent of 25%, the manufacturing sector leads the way and highlights the promising future of industrial growth. A good trend in the manufacturing sector is indicated by the research titled "India Decoding Jobs 2024," which states that manufacturing companies expect to hire 15–30 percent more graduates from the 2024 batch than they did from the 2023 batch. Today, it was introduced at a Confederation of Indian Industry (CII) function.
AI is revolutionizing sectors by streamlining tasks, enabling efficient decision-making, and reducing costs. Its autonomous capabilities free individuals from repetitive duties, allowing a focus on core activities. Swift data analysis provides valuable insights, enhancing overall productivity and transforming the way industries operate. Read More
Top Indian cryptocurrency exchange WazirX saw a US$1 billion decline in trading volume in 2023 as a result of growing regulatory pressure in its market and a global decline in the price of digital assets, including equities. This year's total cryptocurrency trading volume on WazirX's platform was 90% less than that of 2022, when it reached US$10 billion, and 97% less than that of 2021, when it was US$43 billion. In a public statement on Tuesday, WazirX, which has been at odds with Binance on the ownership of the Indian company, emphasized the US$1 billion trade total, casting a positive light on the most recent statistics.
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