Business
Risk of RBI falling behind curve on inflation: member of monetary panel
With retail inflation likely to see a spike in the wake of the sharp rise in crude oil prices, the Reserve Bank of India faces the risk of falling behind the curve in controlling inflation. The bank’s accommodative policy stance — surplus liquidity in the financial system and low interest rates — so far has worked well.
Consumer price inflation in India is likely to hit seven per cent mark as crude prices touched $116 per barrel recently, the Reserve Bank of India (RBI) has said. Consumer price inflation crossed the RBI’s upper tolerance level of six per cent to 6.01 per cent in January.
“I have argued in successive dissents for many months now that a change in the accommodative stance is long overdue,” said Jayanth Varma, who has been opposing the RBI’s accommodative policy stance.
Complete News Source : The Indian Express
The previous owner of the domain turned out to be Dharmesh Shah, founder and CTO of software company HubSpot
OpenAI has bought the domain chat.com. Clicking on it automatically routes you to the ChatGPT website.
The AI giant’s CEO Sam Altman announced this on Thursday, November 7, 2024, by simply posting the URL on X (Formerly Twitter) without any description or reasoning.
Altman’s post has already gotten over 3 million views and nearly 15k likes. The domain purchase is likely part of a rebranding effort.
The domain’s previous owner turned out to be Dharmesh Shah, founder and CTO of software company HubSpot. Shah announced this in posts on X and LinkedIn.
In his post, he detailed how he had purchased the domain for $15.5 million earlier this year and sold it later to an undisclosed (at that time) buyer.
“Well, in an 8 character tweet (talk about brevity), Sam Altman, the CEO of OpenAI revealed that they were the buyer,” he wrote. ”If you visit the website now, it goes to ChatGPT.” Shah wrote he was not at liberty at that time to share who the acquirer was as he was “going to leave that to them, when they were ready.”
He then went on to share GPT o1 prompt which reasoned the entire episode. “When he does sell a domain, it’s almost never at a loss,” and “Dharmesh doesn’t like profiting off of people he considers friends,” the prompt read, which could mean he did sell it for more than the $15.5 million he bought it for, since it also says he doesn’t like referring to himself in the third person.
However, its also indicated he got compensated in OpenAI shares since the prompt reads that he “always wanted to own OpenAI shares,” that “he doesn’t need the cash from a domain sale,” and that “he made a non-humble brag earlier this year that he’s now an investor in OpenAI.”
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