The Stock Market’s Strong 2023 Performance Comes Down to 5 Names

One thing that pops up no matter where you look is the Pareto distribution. It’s a probability model that’s also been dubbed the 80-20 rule, and it illustrates how a tiny number of causes are responsible for the lion’s share of effects. For example, it’s like how the top 20% of sales people produce 80% … Read more

Reid Hoffman Says He Will Keep ‘Beating the Positive Drum’ for AI

LinkedIn co-founder Reid Hoffman said he will continue to be positive about the benefits he sees in AI. Hoffman is part of venture capital firm, Greylock Partners, which has invested in dozens of AI companies. He told the New York Times in a recent interview that concerns from other tech executives like Elon Musk are … Read more

5Paisa demotes the current CEO, to make way for a new one

5Paisa has demoted the current CEO, Prakarsh Gagdani to the position of Chief Business Officer (CBO) w.e.f. May 25, 2023. He will however continue to be the Whole-time Director of the Company. Prakarsh was the CEO since October 2015 i.e., the inception. Reason for this change seems to be only to make way for the … Read more

Cathie Wood Says Apple Could Be Disrupted by the Rise of ChatGPT Plugins

Apple could be disrupted by the rise of ChatGPT plugins, according to Ark Invest’s Cathie Wood. She made the comment as Apple’s $2.73 trillion market value eclipses the collective market cap of the Russell 2000. The only way to justify Apple’s current valuation is if its health care and payments bets succeed, Wood said. The … Read more

In a surprise development, TCS loses it’s star CEO.

In a surprise move, Rajesh Gopinathan announced his resignation from TCS after a 22­ year career; last 6 years as CEO. Rajesh needs no introduction. He is widely known and well respected. The announcement came as a surprise to many as Rajesh was reappointed last year only and had another 4 years of tenure left. … Read more

TCS, Infosys have highest exposure to US regional banks: JPMorgan

Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at J.P.Morgan said on Friday. Regional banks in the United States account for 2-3% of their revenue, J.P. Morgan said in a note, adding that the … Read more

Elon Musk Says AI Is ‘Dangerous Technology’ and Needs Regulating

Elon Musk expressed his concerns about artificial intelligence at Tesla’s investor day on Wednesday. The Tesla CEO believed he “may have done some things” that accelerated the “dangerous technology.” His comments were prompted by an investor asking whether AI could help Musk make cars. Elon Musk doesn’t think artificial intelligence will help Tesla make cars … Read more

Microsoft introduces next-gen hybrid cloud platform ‘Azure Operator Nexus’

Microsoft announced that it is launching its next-generation hybrid cloud platform “Azure Operator Nexus” for communication service providers. The tech giant believes that modern network infrastructure will assist its telecommunications partners to improve and monetise their existing infrastructure while also lowering their overall cost of ownership, reports TechCrunch. Azure Operator Nexus will allow these companies … Read more