November 2023

Unpacking the hype around OpenAI’s rumored new Q* model

November 27, 2023
This story is from The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. Ever since last week’s dramatic events at OpenAI, the rumor mill has been in overdrive about why the company’s chief scientific officer Ilya Sutskever and its board decided to oust CEO Sam…

After two ambitious years, TikTok parent ByteDance starts mass layoffs in gaming

November 27, 2023

ByteDance’s gaming ambition has been an expensive, short-lived pursuit. In late 2021, the TikTok parent’s plans for video games came into the spotlight after it became one of the firm’s six core business units, posing a new threat to incumbents such as Tencent and NetEase and rising star MiHoYo. Nonetheless, after two years of tepid […]

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Byju’s taps Jiny Thattil as CTO following departure of Anil Goel

November 27, 2023

Anil Goel, the CTO of Byju’s, is leaving the edtech giant, he informed some colleagues amid a broader restructuring at the Bengaluru-headquartered startup as it looks to pare down costs and unify many of its businesses. Jiny Thattil is replacing Goel as the CTO, according to an internal communication. Goel, a former Amazon executive, was […]

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Finding value in generative AI for financial services

November 27, 2023
With tools such as ChatGPT, DALLE-2, and CodeStarter, generative AI has captured the public imagination in 2023. Unlike past technologies that have come and gone—think metaverse—this latest one looks set to stay. OpenAI’s chatbot, ChatGPT, is perhaps the best-known generative AI tool. It reached 100 million monthly active users in just two months after launch,…

India’s EMotorad rides high with $20M investment for global e-bike push

November 26, 2023

EMotorad, an Indian startup manufacturing electric bikes, raised $20 million in a Series B round as it aims to disrupt China’s market domination and expand its presence in global markets. The three-year-old startup has raised more than $22.5 million in total funding, with Singapore’s Panthera Growth Partners leading the latest round, along with participation from […]

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Refections on Web Summit: Out of the frying pan, and out of the fire?

November 26, 2023

“What controversy?” said the journalist from a global mainstream television outlet to me at the Web Summit Media Dinner, earlier this month in Lisbon. For all the heat and light, the gnashing of teeth, the tearing of clothes and the clutching of pearls, the big technology conference had seemingly managed to pull itself out of […]

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