Byju's, OpenAI, Zomato, Zerodha, Zee, TCS, Google, Elon Musk, etc.

Author

Vaishali Sharma
April 01, 2024

Byju’s Moves Forward with Share Capital Increase, Despite Investor Tensions

  • Byju’s EGM to increase share capital concluded without objections.

  • Dissenting investors were invited to a rights issue but did not attend the EGM.

  • The meeting lasted about 30 minutes with legal and investor representative attendance.

  • Byju’s management addressed postal ballot queries; over 50% of votes already favor the share capital increase.

  • Voting continues until April 6, with a significant court hearing on April 4.

  • The final decision on voting and rights issues awaits an independent scrutinizer’s report.

OpenAI Holds Back on Public Release of Voice-Cloning Tech Due to Ethical Concerns

  • OpenAI unveils Voice Engine technology capable of cloning voices with short audio samples.

  • Public release withheld to prevent misuse, especially considering election year risks.

  • Voice Engine technology demonstrated but limited to early testers with strict usage guidelines.

  • Concerns over AI voice cloning's ethical implications and potential for misinformation.

  • OpenAI’s cautious stance contrasts with other firms already marketing voice-cloning tech.

  • Company explores broader speech recognition and digital assistant market, competing with major tech entities.

Briefs, You Can’t Miss:

  1. Congress Party Receives Rs 1,700 Crore IT Notice, Insiders Report. 

  2. Force Motors Announces Closure of Agricultural Tractors Division.

  3. Zomato Fined Rs 23.26 Crore for GST Violations in FY19. 

  4. HDFC Bank Plans to Divest HDFC Education Subsidiary. 

  5. Tax Authorities Order Bank of India to Pay Rs 1,128 Crore.

  6. Generative AI Skill Development for 3.5 Lakh TCS Employees.

  7. Zerodha Achieves Rs 1,000 Crore AUM Milestone in Just 40 Days. 

  8. $50 Million Boost for Ola Electric from EvolutionX Financing.

  9. Zee Cuts Bengaluru Tech Centre Staff by Half to Reduce Costs.

World Briefs

  • Millions of AT&T Customer Records Leaked; Passcodes Reset. 

  • Deepening AI and Semiconductor Partnerships: US and Japan's Plan.

  • Google to Shut Down Podcasts App, Urges Shift to YouTube Music.

  • Instagram's 'Blend': New Feature for Friend-Focused Reels Recommendations.

  • Meta to Phase Out Facebook News Tab, Cutting Back on News and Politics.

AI Briefs

  • New and Improved Chatbot Coming from Elon Musk’s xAI.

  • $100 Billion Data Center Collaboration between Microsoft and OpenAI.