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Decoding OpenAI vs Indian music labels fight; Perfecting India’s AI story
- RBI has revised inflation projection for the year to 4% on account of good agricultural output and falling crude prices, leading to expected easing of home loan interest rates to 6% after a repo rate cut.
- US tariff turmoil resulted in volatile trading on Wall Street and elsewhere, with new trade barriers announced by China and the EU on US goods, prompting big companies like Walmart to retract financial guidance.
- Over 40% of global electricity in 2024 was generated without fossil fuels, but carbon dioxide emissions hit a record high due to increased electricity demand amid hot weather.
- Indian music labels, including T-Series and Saregama, have accused OpenAI of copyright infringement by using AI models to scrape music and lyrics from the internet without authorization, sparking debate on AI's impact on creative industries.
- India is striving to bridge the gap in AI innovation against the US and China, with initiatives like the IndiaAI Mission offering subsidised GPUs to researchers and startups for developing AI models and applications.
- FinRight, a Mumbai-based startup, simplifies PF withdrawals through an AI-driven platform that streamlines claims processing, reduces errors, and eliminates middlemen, offering faster and transparent services.
- The EU plans to invest €20 billion in gigafactories with supercomputers for AI model development, Apple's supplier Luxshare considers shifting production outside China to mitigate US tariffs, and Google opens up Google Maps Platform data for easier access.
- Trivia: InGen is the five-letter fictional company responsible for Jurassic Park.
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