Connect with us

Business

The rupee is strengthening versus the US currency.

Published

on

The rupee is strengthening versus the US currency.

In early trading on Monday, the rupee strengthened against the dollar. This is a good sign after the rupee fell 7 paise to an all-time low of 77.63 against the US dollar on Friday, weighed down by unabated foreign fund outflows and rising crude oil prices.

On Monday, the rupee opened at 77.66 against the US dollar on the interbank forex market, up 4 paise in early trade.

The rupee closed at 77.63 on Friday, down 7 paise from its Thursday close of 77.56.

After six weeks of upward movement, the dollar index fell for the first time last week, owing to position liquidation and a preference for other currencies to emerge at a lower level.

Advertisement

The BSE Sensex rose 133.14 points, or 0.25 percent, to 54,459.53, while the broader NSE Nifty rose 24.35 points, or 0.15 percent, to 16,290.50.

According to stock exchange data, foreign institutional investors were net sellers in the capital market on Friday, offloading shares worth Rs 1,265.41 crore.

 

Advertisement

Business

OpenAI buys new domain chat.com for over $15 million, it redirects to ChatGPT

Published

on

By

OpenAI buys new domain chat.com for over  million, it redirects to ChatGPT

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.

Advertisement

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.

Also Read: Elon Musk’s net worth surges by $26.5 billion after Donald Trump wins US election; Bezos, Ellison, Buffett follow suit

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.”

Advertisement

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.”

Group Media Publications
Entertainment News Platforms – anyflix.in      
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/

Advertisement
Continue Reading
Anyskill-ads

Facebook

Trending