Tech startups need to stay agile in this ever-changing world. In March 2022, a perfect storm of macroeconomic factors caused markets to be volatile. The Federal Reserve raised interest rates, resulting in higher borrowing costs and decreased consumer demand. With lingering coronavirus-related supply chain issues, a tight labor market, and Russia’s invasion of Ukraine, tech startups must find ways to succeed. AI-based software and modernizing cybersecurity offer solutions for startups. Businesses are turning to robotic automation and flexible remote-working solutions to minimize the impacts of labor shortages on their employees. These changes to the market can create successful opportunities for tech startups, who need to focus on offering value and utilizing the latest technology trends. With the right tools, businesses can benefit from increased productivity and improved security.
. OpenAI and its CEO Sam Altman develop advanced artificial intelligence (AI) models such as GPT-4, which can generate text, answer maths questions and perform complex tasks. They have pushed the boundaries of AI research and are working on projects to create safe AI technology. Sam Altman has been an influential leader in the development of AI models, his investments in Silicon Valley, and in activism for sustainability.
Discover how AI-driven chat applications like ChatGPT can have environmental impacts with a study by the University of California and University of Texas, Arlington. They estimated that Microsoft's GPT-3 and GPT-4 models used 185,000 gallons of fresh water, or equal to 370 BMWs or 320 Tesla vehicles. ChatGPT consumes 500ml per 20 to 50 queries, making a large total water footprint with its user base. Rising research and understanding of the implications of AI technology can bring about improved practices.
. Discover the power of hardware at Disrupt 2023, TechCrunch's largest event of the year. Join industry experts to discuss Artificial Intelligence, Fintech, SaaS, Security, and Sustainability - all in the context of hardware. Get Early Bird discounted passes by 14 May and experience this revolution of automation and consumer electronics. Don't miss out!
Deeptech is transforming the technology landscape in India & all over the world. AI, Machine Learning, IoT, BigData, & Robotics are leading the changes in businesses. With 3000+ deeptech startups & growing adoption due to pandemic, the industry is booming. Privacy is a key differentiator & investors are cautious to make deeptech sustainable & profitable. From experts to C-Level executives, everyone is part of the transformation journey in India.