June 17, 2024
Tech News
Black founders are addressing the lack of cultural nuance in mainstream AI models like ChatGPT by creating tailored versions for Black and brown communities. Initiatives like Latimer.AI, ChatBlackGPT, and Spark Plug are examples of this movement, focusing on providing culturally relevant responses and education materials. This development highlights the importance of diversity in AI and the need for models that cater to a broader range of cultural backgrounds.
Gentari has launched DC chargers at Seremban R&R and Senawang Lay-by along the North-South Expressway in Malaysia, enhancing the infrastructure for electric vehicle (EV) owners. These chargers, including a Battery Energy Storage System (BESS)-assisted charger, offer quick battery top-ups for travelers, promoting the use of EVs by building range confidence. The initiative is part of a broader effort to expand EV charging infrastructure in the region.
Generative AI (GenAI) is recognized for its potential to transform businesses by driving innovation and efficiency. It’s particularly beneficial for personalization, insight generation, and content creation. Industries like finance, marketing, and customer service are expected to see significant benefits from GenAI adoption. However, challenges such as bias, privacy concerns, and the need for responsible deployment are also highlighted. The development and use of GenAI require careful consideration of ethical and legal implications.
Indian budget-hotel chain startup Oyo is finalizing a new funding round that significantly reduces its valuation to $2.5 billion, down from $10 billion in 2019. The company, which has faced challenges in raising funds from institutional investors, has been pitching to high-net-worth individuals. This development follows Oyo’s decision to shelve its IPO plans and highlights the difficulties faced by once high-flying startups in securing investment at previous valuations.
Tech Explained
AI Models – AI models like ChatGPT are programs that use artificial intelligence to generate human-like text responses based on input data.
Electric Vehicle (EV) – EVs are vehicles powered by electric motors and batteries, eliminating the need for traditional gasoline engines.
Battery Energy Storage System (BESS) – BESS is a technology that stores energy from the grid or renewable sources for later use, providing backup power and enhancing grid stability.
Generative AI (GenAI) – GenAI is a subset of AI that focuses on generating new content, such as images, text, or music, based on patterns in existing data.
Valuation – Valuation is the process of determining the current worth of a company or asset based on various factors, such as financial performance and market conditions.
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