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OpenAI experienced a security breach in early 2023, with a hacker accessing internal messaging systems and stealing AI technology details. The incident, initially disclosed only to employees, raised concerns about the security of leading tech firms. OpenAI continues to strengthen its cybersecurity measures and prevent misuse of its AI models.
Information Technology

OpenAI Hit By Security Breach In Early 2023: Report

Early in 2023, there was a serious security breach at OpenAI, the company that created the ground-breaking AI chatbot ChatGPT. A hacker obtained access to

Indian banks are increasingly recognizing climate change as the greatest systemic risk to the financial system. Despite a decline in loan defaults, the Reserve Bank of India's latest report highlights vulnerabilities, particularly in the construction, cement, and energy sectors. Regulatory responses have been slow, with new climate risk frameworks not fully implemented until 2028. To safeguard economic stability and attract global green finance, India must accelerate the adoption of robust climate strategies and align with international standards.
Banking

Indian Banks Acknowledge Climate Change As Their Biggest Threat

The Reserve Bank of India (RBI) recently released its semi-annual financial stability report, highlighting an important yet often overlooked threat to the country’s financial system:

AI revolutionizes medical diagnosis with SigTuple's software analyzing microscopic samples for faster, more accurate disease detection. Bihar rewrites its story with a focus on social and economic transformation. pen_spark
Information Technology

Daily Capsule Summary For July 19th, 2024

Innovation for India: AI Revolutionizes Medical Diagnostics Artificial intelligence is a strong ally in the fight against sickness. The AI-driven software developed by Bengaluru-based startup

Meta Description: "Tesla halts its India plans as executives cease contact with Indian authorities. Amid capital issues and postponed visits, Tesla's future in India's burgeoning EV market remains uncertain. Learn more about the latest developments and market dynamics."
Business

Tesla’s India Plans Put On Hold As Communication With Authorities Ceases

Tesla Shelves India Manufacturing Plant Plans Electric vehicle (EV) giant Tesla has seemingly put its plans to establish a manufacturing plant in India on hold.

Angel Tax: A hurdle for Indian startups? Budget 2024 might bring relief! This article explores the Angel Tax, its impact on startups, and the potential for its removal in the upcoming budget. Discover industry perspectives and the road ahead for India's vibrant startup ecosystem.
Startups

Angel Tax: A Thorn In The Side Of India’s Startup Ecosystem – Will Budget 2024 Bring Relief?

An important question for India’s thriving startup ecosystem is about to come up with the Union Budget: will the controversial Angel Tax be eventually repealed?

Elon Musk warns Bill Gates of "obliteration" if he keeps betting against Tesla. The rivalry stems from Gates' short position on Tesla stock. Despite Tesla's recent struggles, Musk remains bullish on its future as a $30 trillion AI leader. Investors should consider both Musk's long-term vision and short-term challenges before making investment decisions.
Business

Tesla vs. Gates: Musk Warns Of Obliteration If Short Bets Continue

A Rivalry Rekindled Elon Musk and Bill Gates’ long-simmering conflict has flared up again as Musk has sent the Microsoft co-founder a stern warning.The public

India's mobile phone tariffs see a hike of 11-25% by Airtel, Jio, and Vodafone Idea. The government maintains a wait-and-see approach, citing competition and focus on service quality. Consumers may feel the pinch, but the impact is expected to be moderate
Business

Indian Telecom Price Hike: Consumers To Feel The Pinch, But Government Says Not Critical

This week, the three main private telecom firms in India—Reliance Jio, Airtel, and Vodafone Idea—implemented pricing hikes ranging from 11% to 25%, waking up mobile

A security vulnerability in the ChatGPT desktop app for Mac could have exposed user conversations. Update to the latest version for encryption and be cautious about app downloads. Mac users, while generally protected by sandboxing on iPhones, should still be aware of potential security risks.
Information Technology

Urgent Update Needed For Mac Users: ChatGPT Desktop App Vulnerability Patched

Attention, Mac users using the ChatGPT desktop app! OpenAI has discovered and fixed a recent security vulnerability. This flaw might have allowed unauthorized parties to

Daily Capsule keeps you updated on India's startup ecosystem with news on VC funding, sustainability, deeptech ventures, and more. This article covers funding surges, sustainable travel, OYO's growth plans, and upcoming festivals.
Banking

India’s Innovation Engine: Daily Capsule Keeps You Updated

In today’s fast-paced world, staying informed about India’s vibrant startup ecosystem can be a challenge. But fear not, the Daily Capsule is here to keep

"Banks face new Trai regulations requiring digital consent for commercial communication, seeking clarity on sharing transaction details per RBI guidelines. Lenders also request special prefixes for customer calls to combat cyber fraud. Learn about the challenges and implications for financial institutions."
Banking

Banks Struggle With New Trai Mandate On Digital Consent

The Telecom Regulatory Authority of India (Trai) has just implemented new requirements that banks in India must comply with. These regulations mandate digital consent for