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Microsoft brings GPT-3.5 to Teams Premium to enhance meetings with AI 

Microsoft GPT-3.5 Teams Premium enhance meetings AI
Image Credits: Microsoft

Microsoft is utilizing AI to revamp its consumer and enterprise products, including Microsoft Teams, to increase efficiency for individuals and teams. 

Teams Premium will use state-of-the-art technology, including OpenAI’s GPT-3.5 language models, to enhance meetings with intelligence, customization, and security.

Due to the pandemic causing a 252% increase in weekly meeting time in the past two years, Teams is incorporating AI throughout the meeting process to make the experience more streamlined. 

Read More: BridgeWise Raises $13 Million For Generative AI-Powered Equity Research Platform

AI integration will eliminate the need for extra time spent on tasks during meetings and offer features such as intelligent recaps, suggested tasks and personalized highlights, and live translations in 40 languages. 

Teams Premium will also allow for customizable meeting templates and advanced meeting protection. The integration of AI with Teams is expected to lower costs and improve productivity for users, with a 30-day free trial of Teams Premium available. 

Organizations that purchase Teams Premium before July 1, 2023, will receive a 30% discount, paying $7 per user per month instead of the standard $10 pricing. The use of AI with Teams is poised to revolutionize the way meetings are conducted within organizations.

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BridgeWise raises $13 million for generative AI-powered equity research platform

BridgeWise raises $13 million
Image Credits: Traders Magazine

Tel Aviv-based BridgeWise, formerly Deshe Analytics, has raised $13 million in a seed funding round led by Group 11, with participation from L4VB, Mangrove VC, and several other private investors. 

This new funding will advance the firm’s mission to make high-end investment research tools available to global investors using generative AI.

BridgeWise was founded by Gabriel Diamant, brothers Dor and Or Eligula, and Mor Hazan. The company currently employs 35 people in total, 25 of them at the headquarters in Ramat Gan and the remaining in Armenia and Brazil.

Read More: PMKVY 4.0 To Provide Industry 4.0 Skill Courses To Lakhs Of Youth

Founded in 2019, the firm uses AI algorithms to analyze over 44,000 public companies worldwide, thus generating research reports and detailed sell/buy/hold recommendations in a fraction of the time.

BridgeWise’s primary customers are investment managers, financial advisors, and small to mid-sized businesses. Certain retail customers also get access through their online brokerage platforms.

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Meta’s Metaverse Division lost $13.7 billion in 2022

Meta Metaverse Division lost $13.7 billion 2022
Image Credits: Meta

Meta’s Facebook Reality Labs (FRL) accounted for a loss of $4.3 billion in the fourth quarter, up from a loss of $3.7 billion in the third quarter and better than the consensus of analyst estimates for a loss of $4.4 billion, according to the earnings release on Wednesday.

In entire 2022, Meta lost a total of $13.7 billion in the metaverse division on revenue of $2.2 billion, up from a loss of $10.2 billion on revenue of $2.3 billion in 2021. 

The company has previously said that it expected FRL’s operating losses in 2023 to grow significantly over 2022 as Meta invests in what it sees as a crucial part of its future.

Read More: PMKVY 4.0 To Provide Industry 4.0 Skill Courses To Lakhs Of Youth

Meta also reported quarter-four FRL revenue of $727 million, down from last year’s division revenue of $877 million but up from the third quarter’s $285 million. Facebook Reality Labs (FRL) division comprises augmented and virtual reality operations. 

Meta recently faced investor calls to limit its spending on the metaverse as reduced ad spending and falling user growth numbers had cut into its profits.

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Instagram co-founders launch ‘Artifact,’ a personalized news feed application 

Instagram co-founders launch Artifact
Image Credits: NDTV

Mike Krieger and Kevin Systrom, Instagram co-founders, have launched ‘Artifact,’ a personalized news feed using the latest AI technology, as revealed by Systrom on his official Twitter account. Artifact is a personalized news feed application whose name suggests that it is a combination of articles, facts, and artificial intelligence (AI). 

As per the co-founders, the application would have the option of accessing a feed of popular articles picked from a curated range of publications, including leading news outlets to small-scale blogs on niche topics.

“The application has been designed to show the user similar posts and stories of their choice, once they tap on their favorite ones, just like the Tik Tok videos For You page algorithm,” said the co-founders.

Read More: Scientists Create Analog Quantum Device That Could Crack Previously Unsolvable Physics Problems

Another feature is a direct message inbox that will enable users to discuss the posts they read privately with friends. The analysis of the time taken by the user will also be used by the current machine-learning algorithm deployed in Artifact. 

Moreover, its upcoming launch would also offer the option to delete false information from posts that may spread it. As of now, the co-founders have not disclosed every publisher on its system, but users can search for individual outlets within the app, revealing the latest information. 

On Tuesday, the application opened up its join waiting list page to the public, where they can sign up, and is available for both IOS and Android devices.

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PMKVY 4.0 to provide Industry 4.0 skill courses to lakhs of youth

PMKVY 4.0 Industry 4.0 skill courses
Image Credits: e-Careerpluz

While presenting the budget 2023-24 on Wednesday, Union finance minister Nirmala Sitharaman said that Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 4.0 will soon be launched to upskill lakhs of youth in the course of the next three years. 

The scheme will cover the latest courses for Industry 4.0, like mechatronics, IOT, coding, AI, robotics, soft skills, 3D printing, and drones. Thirty Skill India International Centres will be set up in different states, with one likely to be in Rajasthan, to skill youth for international opportunities.

The alignment of courses with the needs of industry, on-job training, and industry partnership will be emphasized under PMKVY 4.0. More than 5.83 lakh youths have been trained in Rajasthan from 2019-22 under PMKVY, a ministry of skill development and entrepreneurship data stated.  

Read More: UK Government Plans To Regulate Crypto And Protect Consumers

Finance Minister Nirmala Sitharaman said, “As regards other schemes of MSDE, the third-party evaluation report on PMKVY 2.0 (2016-20) found that the average monthly income of PMKVY trained and certified individuals were 15% higher than the comparison group. Moreover, 76% of the candidates acknowledged that they have a better chance of getting employment after the training.” 

“The digital ecosystem for skilling will be further expanded with the launch of a unified Skill India Digital platform for enabling demand-based formal skilling, linking with employers, including MSMEs, and facilitating access to entrepreneurship schemes,” added Sitharaman.

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India to create three centers of excellence in AI, says Finance Minister 

India three centers of excellence AI
Image Credits: CNBC

As a part of Union Budget 2023, Finance Minister Nirmala Sitharaman on Wednesday announced that the center will create three centers of excellence to boost Artificial Intelligence (AI) in India.

The centers will be established in top Indian institutions to ensure that we make AI in India and make AI work for India.

“Leading industry players will partner in conducting interdisciplinary research, and develop cutting-edge applications and scalable problem solutions in the fields of health, agriculture, and sustainable cities,” said Sitharaman in her speech. 

Read More: UK Government Plans To Regulate Crypto And Protect Consumers

“This will galvanize an effective AI ecosystem and nurture quality human resources in the field,” added Sitharaman.

She added that the centers of excellence for Artificial Intelligence will work to realize the vision of ‘Make AI work for India’ and ‘Make AI in India.’

“The Budget brings laser sharp focus to AI-based skill-development by announcing the establishment of three centers of artificial intelligence,” said Ankita Dabas, Chief Growth Officer, Veative Group.

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Scientists create Analog Quantum Device that could crack previously unsolvable Physics problems

stanford, analog quantum device. quantum simulator
Credit: sutadimages / Adobe Stock

A research team recently presented a paper in Nature Physics describing a ground-breaking analog computer with quantum components i.e. Quantum Simulator. Created by scientists at University College Dublin (UCD) and Stanford University in the US, this device has the potential to shed light on some of the unanswered questions in physics when scaled up. 

The architecture of the new quantum gadget uses hybrid metal-semiconductor components integrated into a nanoelectronic circuit, unlike the classical computers you see in school labs. This analog design offers a means of scaling up the technology from small units to vast networks that can simulate bulk quantum matter. 

While the UCD team handled the theory and modeling, the Stanford team built and operated the device. The UCD team was led by Dr. Andrew Mitchell, Director of the UCD Center for Quantum Engineering, Science and Technology (C-QuEST) and theoretical physicist in the UCD School of Physics. The Stanford team comprises the Experimental Nanoscience Group, under the direction of Professor David Goldhaber-Gordon, and the SLAC National Accelerator Laboratory.

According to Goldhaber-Gordon, by creating a physical model of the problem instead of using computer code, analog devices offer a means to address problems. This idea is like the old mechanical model of the solar system where a crank is turned and gears simulate the movement of the planets. In the past, analog machines were used for complicated math calculations that digital computers couldn’t handle. However, the devices now need to integrate components that adhere to the laws of quantum mechanics to address quantum physics problems. In analog modeling of quantum materials, each electrical component in the circuit acts as a ‘proxy’ for an atom being simulated. While designing the new Quantum Simulator, the researchers ensured that it makes use of small electrical components that function uniformly and can be combined to create larger devices for studying bulk quantum matter. This work could lead to the creation of a new generation of scalable solid-state analog quantum computers.

“Certain problems are simply too complex for even the fastest digital classical computers to solve,” Dr. Mitchell said in a statement. For instance, scientists have been intrigued by the concept of superconductivity and wish to understand superconducting materials better. Currently, superconducting materials, which power MRI scanners and high-speed trains, only function at incredibly low temperatures. Therefore, discovering room-temperature superconducting materials using quantum simulators would be a game changer for the technology’s widespread use. However, this problem cannot be solved using existing digital computers.

Read Also: Unimon: Delving into realm of Superconducting Qubits for Quantum Computing Application

The researchers also had to make sure that the simulator was adjustable so that they could change different aspects of the experiment for better results. To their surprise, the team found most of the existing quantum simulation proposals do not meet all the requirements. Fortunately, Goldhaber-Gordon and his peers came across a solution in the work of French physicist Frédéric Pierre who was studying nanoscale devices. They discovered that the devices Pierre was studying, which were made of metal islands surrounded by electron pools, could match their requirements. These carefully designed electron pools were referred to as two-dimensional electron gases, and the flow of electrons between the pools and the metal island was controlled by voltage-controlled gates. The metal islands were essentially identical, could be tunned with electric leads, and had strong interactions with both the electrons and one another.

Micrograph image of the new Quantum Simulator, which features two coupled nano-sized metal-semiconductor components embedded in an electronic circuit. Credit: University College Dublin

The team discovered that by combining the metal islands, they could build a simple system that could exhibit a quantum-critical phenomenon. They had a difficult time building the devices, but were successful eventually. The device reproduces a model of two atoms connected by an unusual quantum interaction. By tuning the electrical voltages, the researchers were able to create a new state of matter called “Z3 parafermions,” in which electrons appear to possess only a fraction of 1/3 of their usual electrical charge. These states have been touted as the foundation for future topological quantum computation, but they have never been produced using an electrical device in a lab. 

Further, their findings were identical to calculations that took weeks on a supercomputer, implying that researchers may have discovered a more effective method for studying quantum critical phenomena.

Dr. Mitchell explains the team has not built an all-purpose programmable quantum computer with sufficient power to solve all physics problems. But now, they can build analog quantum computers capable of solving some of those problems. The team hopes to create devices with more islands that can simulate large lattices of atoms, to study the behavior of real materials. Prior to this, they plan to enhance their present two-island device. First is making the metal islands smaller for better functionality at accessible temperatures. Second, instead of dropping molten metal pieces onto a semiconductor, develop a more effective approach to creating them. 

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UK government plans to regulate crypto and protect consumers

Image credit: Bankrate

 UK government recently announced ambitious plans to robustly regulate crypto asset activities to provide confidence and clarity to consumers and businesses.

The government is introducing new rules for trading platforms and a new structure regime for cryptocurrency. According to the government, the new rules are a robust approach to mitigate significant risks while harnessing the benefits of crypto technologies. This will enable a new and exciting sector to grow safely and boost jobs and investments.

Read more: MIT researchers develop NOPA (Neurally Guided Online Probabilistic Assistance) Framework

Economic Secretary to the Treasury Andrew Griffith mentioned that the UK government remains committed to growing the economy and enabling technological change and innovation. But the UK government must also protect customers embracing this new technology like cryptocurrency and ensure that it is robust, transparent, and has fair standards.

The new plans will strengthen the rules of financial intermediaries and custodians responsible for facilitating transactions and safely storing customer assets. The UK government can help to deliver a robust, world-first regime by strengthening rules around the lending of crypto assets while enhancing customer protection and the operational resilience of firms.

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ChatGPT Plus: OpenAI Announces ChatGPT Pricing for $20/Month

Chatgpt plus
Image Credit: OpenAI

OpenAI launches a pilot program with ChatGPT Plus, which would cost $20/month. The ChatGPT pricing looks aggressive, given what some of the popular AI content generators offer the service for.

To get access to ChatGPT Plus, you can fill out the waitlist form here.

However, according to the OpenAI blog, the company will continue offering ChatGPT for free. 

As per OpenAI, the subscribers will have numerous benefits like General access to ChatGPT, even during peak times, faster response times, and priority access to new features and improvements.

However, the benefits don’t seem substantial since it is difficult to imagine what new features OpenAI could have in the future. Will they eventually become an alternative to already available AI-content generator platforms like Copy.ai by optimizing it for specific use cases? Would OpenAI start diverting from core research? Or the ChatGPT’s monetization will eventually be managed by Microsoft?

 

While we will have to wait to understand where OpenAI is heading with ChatGPT Plus, for now, the company has announced that it will soon launch the ChatGPT API Waitlist. In January, Microsoft has already announced to add ChatGPT to Azure services.

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Van Heusen, PartyNite Metaverse organize virtual musical concert 

Van Heusen PartyNite Metaverse virtual musical concert
Image Credits: Paytm Insider

Aditya Birla Fashion and Retail’s lifestyle brand, Van Heusen, has entered the metaverse with a virtual musical concert in collaboration with a local pop band called ‘When Chai Met Toast.’

Van Heusen has partnered with PartyNite Metaverse to develop a virtual performance space titled Van Heusen MetaPlay. The virtual space will also showcase the brand’s merchandise.

Viewers can style their avatars with the brand’s latest collections and ensembles and enjoy the show with their friends on the Partynite app. As part of this partnership, attendees can RSVP on Paytm Insider to experience the brand’s metaverse music concert in India.

Read More: Adani To Set Up An AI Lab In Tel Aviv, Israel, To Develop Real Estate

The virtual music concert is set to take place on February 2, 2023. Fans can log in to the PartyNite app once the registration is completed on the Paytm Insider app.

Abhay Bahugune, chief operating officer-Van Heusen, said, “This musical concert is just the perfect amalgamation of fashion, music, and cutting-edge technology that we would like to share with our discerning consumers.” 

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