Jio BlackRock AMC attracts 10 lakh investors, 18% first-time participants

The joint venture between Jio Financial Services and BlackRock has also seen strong participation from investors beyond major metros, with 40% of its retail investors coming from B-30 cities. Photo Credit: Jio BlackRock Mutual Funds Instagram Jio BlackRock Asset Management, which launched its services in May, has built an investor base of 10 lakh, with … Read more

Musk Seeks Up to $134 Billion Damages From OpenAI, Microsoft

Elon Musk wants OpenAI Inc. and Microsoft to pay him damages in the range of $79 billion to $134 billion over his claims that the generative AI company defrauded him by abandoning its nonprofit roots and partnering with the software giant. Musk’s lawyer detailed the damages request in a court filing Friday, a day after … Read more

OpenAI introducing ads to ChatGPT

OpenAI announced Friday it will begin testing advertisements on ChatGPT in the coming weeks, as the wildly popular artificial intelligence chatbot seeks to increase revenue to cover its soaring costs. The ads will initially appear in the United States for free and lower-tier subscribers, the company said in a blog post outlining its long-anticipated move. … Read more

Trump Blasts Dimon, Threatens to Sue JP Morgan Over Debanking

President Donald Trump railed against JPMorgan Chase & Co. and its leader Jamie Dimon, threatening to sue the banking giant over his claim that he was debanked after the Jan. 6, 2021, Capitol riot. In a post Saturday, Trump responded to a Wall Street Journal story that said Trump offered Dimon the role of Federal … Read more

Google blasts past $4 tn: How is it beating rivals?

Google has been the fastest to monetize its AI platforms, signing deals with large enterprises such as Samsung and India’s homegrown oil-to-telecom major Reliance Industries Ltd, among others—its market growth is a clear reflection of these deals. Source link