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What’s New Today: HCL Hiring Chairman-cum-Managing Director
Fast-Track Insights: Robinhood Expands Cryptocurrency Services Across 27 EU Nations
OpenAI, the firm behind ChatGPT, has secured a whopping $6.6 billion in funding, pushing its worth to a projected $157 billion. This latest investment solidifies OpenAI's position as one of the world's most valuable private companies in the AI market.
After the funding, OpenAI intends to provide its staff with the chance to sell their stakes through a stock purchase plan, though the exact details and schedule are still being worked out. Earlier in the year, a few employees sold their shares for a valuation of US$86 billion.
Thrive Capital, which contributed around US$1.2 billion to the deal, has a buyout option for an extra US$1 billion in investments next year, provided OpenAI meets specific financial goals.
Despite initial discussions, Apple did not take part in the investment round, as reported by Reuters.
This funding round also aligns with OpenAI's efforts to shift from a non-profit to a for-profit model, to draw in more investment and lift restrictions on returns for investors.
The company has also seen a recent execution of top executives, including the sudden resignation of CTO Mira Murati last week.
OpenAI forecasts a significant rise in earnings to US$11.6 billion in the upcoming year, a jump from the projected US$3.6 billion this year.
The core product of OpenAI, ChatGPT, has attracted 250 million users each week since its introduction, contributing to a notable increase in revenue.
HCL is seeking applications for the role of Chairman-cum-Managing Director.
As per the official notification of HCL Recruitment 2024, applicants must have a minimum of five years of experience.
The candidate must have experience in fields such as Finance, Business Development, Planning and Production, Operations, Marketing, or Project Management within a reputable large company.
The applicants should have a degree in Engineering, Chartered Accountancy, Cost Accountancy, a Postgraduate or Graduate degree, along with an MBA or PGDIM from a prestigious institution.
Candidates who meet the criteria will be invited for an interview. Those who are interested and qualified should complete the application form provided below and return it to the address listed before the deadline.
The selected candidates will be compensated with a monthly salary ranging from Rs. 200,000 to Rs. 370,000, as detailed in the official HCL Recruitment 2024 announcement.
AI chatbots have become a prominent tool in corporate communications, transforming the way businesses interact with customers, streamline operations, and engage employees. The chatbot industry is growing rapidly, driven by advancements in artificial intelligence, large language models (LLMs), and natural language processing (NLP).
By 2028, the global chatbot market is expected to reach US$15.5 billion, reflecting an annual growth rate of about 23% from its 2020 valuation of US$4.7 billion. This rise highlights the increasing adoption of chatbots by businesses of all sizes to improve operational efficiency and customer experience.
Robinhood has expanded its cryptocurrency services across Europe.
It boosts Robinhood's services in the region and showcases its plans for worldwide expansion. Now, customers in the European Union can move digital currencies in and out of Robinhood's application.
Robinhood will now support over 20 different cryptocurrencies for users in the EU, including well-known digital assets such as Bitcoin, Ethereum, Solana, and USD Coin.
European users can now manage their assets directly in personal wallets, giving them complete control over their investments instead of depending on third-party services.
This move by Robinhood represents a major step forward from its early offerings in the EU.
Since the end of last year, the platform has permitted users to purchase and sell cryptocurrencies but previously had restrictions on moving assets to external wallets or exchanges. By removing these restrictions, Robinhood is aiming to become a stronger player in the global cryptocurrency market.
