As generative AI (GenAI) becomes popular across the spectrum, Sam Altman-run OpenAI has introduced a new ‘reasoning’ model which has been trained to answer more complex questions, faster than a human can.

According to the AI company, it trained ‘OpenAI o1 model’ to spend more time thinking through problems before they respond, much like a person would. Through training, they learn to refine their thinking process, try different strategies, and recognise their mistakes.

The new AI model can be used by healthcare researchers to annotate cell sequencing data, by physicists to generate complicated mathematical formulas needed for quantum optics, and by developers in all fields to build and execute multi-step workflows.

Gaming and sports media company Nazara Technologies on Friday said it has acquired 47.7 per cent stake in Moonshine Technology, the parent company of PokerBaazi, for Rs 832 crore through a secondary transaction. Additionally, Nazara will infuse Rs 150 crore in primary capital into Moonshine via compulsory convertible preference shares.

“This investment in Moonshine Technology represents a significant step in our journey to strengthen Nazara’s position as India’s dominant diversified gaming platform,” said Nitish Mittersain, CEO of Nazara Technologies.

PokerBaazi has not only emerged as the undisputed leader in online poker gaming in India but has also set new standards in user engagement, innovation, and overall experience, he added.

Nine captive and commercial mines are expected to commence coal production in this fiscal, the government informed on Thursday.

As of August 31, 55 captive/commercial coal mines are in production. Of these, 33 mines are allocated to the power sector, 12 to the non-regulated sector, and 10 mines are allocated for the sale of coal, according to Coal Ministry statement.

There has been significant growth in coal production and dispatch from captive and commercial mines in the April-August period this year, compared with the same period last year.

The ministry said its efforts have yielded impressive results, with remarkable year-over-year (YoY) growth in both coal production and dispatch from captive and commercial mines.

Amazon India on Thursday announced it has created more than 110,000 seasonal job opportunities across its operations network ahead of the upcoming festive season.

The e-commerce major has hired thousands of women associates as well as close to 1900 persons with disabilities (PWD) into its existing network. The company said it has already onboarded a majority of these new hires.

“It is encouraging to see the company hiring a significant number of women and persons with disabilities for these roles while prioritizing the well-being of its associates through initiatives focused on their safety, healthcare, and educational support,” said Dr Mansukh Mandaviya, Minister of Labour and Employment.

Meta on Thursday announced several features and updates on WhatsApp for millions of small businesses across the country that will help them grow ahead of the upcoming festive season.

At its first ‘WhatsApp Business Summit’ in the country, the company said that ‘Meta Verified’ feature is now available to all eligible small businesses in India using the WhatsApp Business app.

With this feature, businesses that choose to subscribe and demonstrate their authenticity will receive a verified badge, impersonation protection, account support, and premium features that help amplify their brand online and make it more efficient to chat with customers.

Touted as the ‘GCC Capital of the World,’ India has the largest base of 17 per cent of global technology capability centres, currently employing over 1.9 million (19 lakh) people, according to a new report.

By 2030, the GCC market in India is estimated to grow to $99-105 billion, with the number of GCCs reaching 2,100-2,200 and headcount rising to 2.5-2.8 million (25 lakh-28 lakh).

Over the past five years, Global Roles in India have expanded significantly, with more than 6,500 such positions now established. Interestingly, this includes more than 1,100 women leaders holding global roles.

After the shocking Ola Electric showroom fire incident in Karnataka, the company's social media platforms were flooded with complaints about its EV scooters, as several customers raised serious concerns about product quality and service.

Ola Electric users had complaints ranging from faulty software, bad service quality and poor response from the company when raised.

A social media user who tagged the company in his post said, "It's been a month and my scooter is still in the service center. We bought it just 40 days ago, and it's been there for 30 days. What kind of service is this? How are you resolving this issue?"

Global capability centres (GCCs) are likely to account for almost 40 per cent of the demand for Grade A office space in the next few years in India, a report showed on Thursday.

The overall office market has gradually matured from a “Supply-led” market to a more “Occupier-driven” market and is likely at a turning point to see heighted growth and scaling up over the next few years, according to Colliers–RICS report.

Engineering and manufacturing and BFSI occupiers are projected to cumulatively account for 40 per cent of demand during 2025-27, leasing about 11-12 million square feet of office space each on an annual basis, up from 8-9 million square feet each in the past three years.

As companies the world over focus on building artificial general intelligence (AGI), the real adoption will only happen when it is acceptable by all stakeholders — explainable, stable and reliable, tech community leaders said on Thursday.

AI is emerging as the biggest strategic differentiator determining the economic prosperity of nations. India is the founding member of the Global Partnership on Artificial Intelligence (GPAI), having joined the multi-stakeholder initiative in June 2020.

A groundbreaking initiative is set to expedite the AGI landscape with the launch of a new collaborative group aimed at building a safe super intelligence (SSI).

This is an invite-only group designed to bring together a diverse community of academicians, developers, startups, enterprises and venture capitalists (VCs) to ideate, break, build, and nurture the future of safe AGI globally.

Electric vehicle (EV) company Ather Energy, aiming to raise more than Rs 3,100 crore via its initial public offering (IPO), saw its losses widen 22 per cent to Rs 1,060 crore in FY24, as its operating revenue declined 1.5 per cent to Rs 1,753.8 crore (year-on-year) in the last fiscal.

The electric two-wheeler firm spent Rs 2,674.2 crore in FY24. As per its draft red herring prospectus (DRHP) filed with the markets regulator SEBI, the revenue decline was due to reduction in the subsidy provided by the government.

“As a result of the reduced subsidy, our customers faced an increase in the retail price of our E2Ws ranging from Rs 20,434 to Rs 30,285. This contributed to a slight decrease in our revenue from operations,” said the company.