Scrrum weekly digest 3rd week of december

Scrrum weekly digest 3rd week of december

Latest trending news about ChatGPT, startups, TRAI, Tata and Infosys news

What is the ChatGPT chatbot from OpenAI, and why has it grown so popular?

In recent days, social media has been dominated by ChatGPT, an artificial intelligence-driven programme that replies to user requests. Viral posts show it creating Shakespearean poetry, reflecting on life, and finding defects in computer code.

Late last month, ChatGPT was made available to the general public for testing. This sparked an internet sensation that attracted more than a million users in its first week, reignited interest in the quest to replicate human insight, and sparked debate over potential bias and free speech restrictions.

Fears of possible censorship have been sparked by ChatGPT's reluctance to reply to some requests for hateful or offensive content recently.

According to research, 80 startups in India might go for  IPO in the next five years.

"In the next five years, there may be over 100 large-scale, mature start-ups that are profitable or on the route to profitability in India. About 80 start-ups could consider an IPO trip, with 20 of them already being listed "according to Redseer's research.

"In a low-interest rate environment, a typical company that would be cash flow positive two years from now would see discounting of at least 20-30% of their valuations, which increases dramatically in a high-interest rate environment, as we are currently experiencing," it stated.

Many indicators, including market leadership, a clearly visible total addressable market, various use cases, predictable revenues, significant operating leverage, sustainable unit economics, and a clear path to profitability, are said to be important for businesses to concentrate on during their IPO journey.

According to the TRAI Chairman, India will be the first country to auction up spectrum for satellite communication.

According to TRAI Chairman PD Vaghela, India will be the first country to auction off satellite communication spectrum, and it should be structured to draw investors to the market.

Vaghela said the Telecom Regulatory Authority of India (TRAI) will soon make recommendations to streamline the permissions required for satellite communication from various ministries, including Information and Broadcasting, Space, and Telecom, to improve the ease of doing business in the sector. This was in response to a Broadband India Forum summit on SatCom. 

He added that the Department of Telecommunication has provided TRAI with a reference for the satellite-based communication-related aspects of the spectrum that needed to be auctioned off. According to the regular procedure intended for satellite communication, TRAI has not yet released a consultation paper on the spectrum auction.

Chairman Natarajan Chandrasekaran said Tata would shortly start manufacturing chips in India.

Within a few years, the Tata Group would consider producing its own chipsets in India, the business has said. Tata Sons Chairman Natarajan Chandrasekaran reportedly stated in a recent report by Nikkei Asia that the company was in talks with "several players" seeking partnerships with current chip producers.

Chandrasekaran in an interview pointed out that the company has set up Tata Electronics, “under which we are going to set up a semiconductor assembly testing business.”

According to the Nikkei report, Chandrasekaran anticipates that EV sales would surpass traditional internal combustion engine (ICE) sales in India by 2027, earlier than the previously anticipated timescale of 2030. As a result, the demand for chipsets will only increase.

Infosys wants to reimagine India in contrast to the model of the 20th century: Narayana Murthy

When celebrating Infosys' 40th anniversary, Murthy said: "When you develop an organisation, you are building an industry and also a country. We intended to offer the middle-class special opportunities.

When discussing the crisis and Infosys' future, Murthy said: "Your aspiration and tenacity will be put to the test during the difficult times. You can overcome obstacles if you keep in mind the 350,000 jobs, their families, and children."

Murthy stated, "We aim to continue operating for 100 years. About 215 years ago, the world's oldest corporation was founded. Infosys needs to be successful for at least a century ".


Drop your comment