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What's New Today: Data Science Careers at Wipro: How to Apply and Succeed
Fast-Track Insights: SEC Commissioner Peirce Hints at Possible Approval of BTC-Spot ETF
The artificial intelligence-driven video creation platform "Rephrase.ai," founded in Bengaluru, has been bought by software behemoth Adobe. Shivam Mangla, a cofounder of Rephrase.ai, revealed the details on his official X (formerly Twitter) account. As a result of the agreement, the vast majority of Rephrase's staff will now join Adobe. On the other hand, the Economic Times report was vague on the ultimate deal value. It further stated that Rephrase.ai investors are likely to receive a full cash exit, and the founders will be compensated with cash and Adobe shares.
Wipro, one of the biggest IT firms in the world, was founded in 1945 as a family-run vegetable oil factory in the Indian village of Amalner. Today, it operates in more than 167 nations. The business has played a significant role in developing generative AI. The team, which consists of over 30,000 experts in AI and analytics, is creating its own LLMs. AIM spoke with Sriram Narasimhan, global head of data, analytics, and insights at Wipro, to learn more about their work culture, hiring practices, and data science applications.
AI video generators are transforming video creation, streamlining the once time-consuming process. These programs combine AI algorithms with video editing software to produce high-quality videos from scratch or by editing existing content, closely resembling human-generated videos. Unlike traditional editing, which relies heavily on human input, AI-powered generators automate the process without compromising quality. Read More
The entire cryptocurrency market value fell to $1,321 billion on Tuesday, a drop of $65.01 billion. The market cap dropped by $68.93 billion on August 17, 2023, making it the biggest single-day decline ever. Comparing the Tuesday loss to the past, it was not that bad. Due to rumors that FTX had filed for bankruptcy, the cryptocurrency market lost $220 billion in two sessions in November 2022. Fears of a potential collapse subsided as Binance complied with its withdrawal conditions. But binance coin (BNB) was unable to make up the losses it suffered on Tuesday. Wednesday saw a 4.65% increase for BNB, somewhat correcting the 10.86% decline.
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