Top Tech News: Apple may intend to include “ChatGPT” in its products in this manner. As crypto banks like Signature fall, the market for cryptocurrencies is growing.

Apple is experimenting with generative AI concepts for Siri. Read more tech news

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

What's New Today: Freshworks, a SaaS company, announces a new round of layoffs.

Fast-Track Insights: As crypto banks like Signature fall, the market for cryptocurrencies is growing.

The AI war has been disrupted by OpenAI's ChatGPT, and the "ChatGPT buzz" has reached Apple after triggering a "red" alert at Google. Apple is testing generative AI concepts that it plans to incorporate into Siri, according to a report in the New York Times. At the company's annual AI summit last month, employees were reportedly informed about Apple's large language model and other AI tools. Apple engineers, including members of the Siri team, have responded to the rising popularity of chatbots like ChatGPT. And have allegedly been attempting weekly experiments with language generation concepts.

Freshworks, a software company that is listed on the Nasdaq, has made a new job cut to boost organizational and operational efficiencies. In an email to ET, the business acknowledged that a small number of its employees were affected, but it did not specify the exact number. "To avoid duplication of effort and maintain a robust performance culture, we continue to examine organizational efficiencies. A spokesperson stated, "A small number of individuals are affected and are leaving the company as a result."

The onset of the Covid-19 pandemic revealed the flaws in the healthcare system, highlighting the need for automation in the industry to improve process efficiency and speed up decision-making.

Machine learning, deep learning, and artificial intelligence are just a few of the significant technological advancements that have proven to be beneficial to the healthcare sector. In the past, it was thought that collecting and analyzing health data took a long time and was prone to errors; however, the development of these technologies has made it easier to do so while also producing accurate results. Additionally, integrating AI into the healthcare ecosystem has eased the workload of healthcare professionals by automating administrative tasks like insurance pre-authorization and record keeping, both of which required significant effort. Read more

Cryptocurrency appears to be defying the current financial gloom for several reasons, according to experts, including a wager that the Federal Reserve will slow its rate hikes. Because the Federal Deposit Insurance Corporation's insurance covers $250,000 per depositor, per bank, the recent banking failures present exactly the situation for which crypto has long touted itself as a solution: an opaque banking system in which you may not be able to access all of your money in the event of a bank failure.

Cryptocurrencies like Bitcoin, on the other hand, are part of a decentralized financial system. While traditional banks are backed by federal deposit insurance, crypto holdings, and banks are not fundamentally reliant on any government at all. Investors don't have a clear way to get their money back when projects or crypto scams fail. Nonetheless, crypto supporters have been persuaded that this is crypto's "time to shine" due to the current issues with the traditional financial system.