RBI Governor Urges Banks to Streamline KYC Processes and Enhance Customer Service

By Editor - News Desk March 19, 2025

Finance

Reserve Bank of India (RBI) Governor Sanjay Malhotra has urged banks and non-banking financial companies (NBFCs) to cease the practice of repeatedly requesting ‘Know Your Customer’ (KYC) documents from customers. Speaking at the annual conference of RBI Ombudsmen, Malhotra

International

Global Leaders Convene at Paris AI Action Summit

By BPN News Desk February 11, 2025

The Paris AI Action Summit brought together world leaders, tech executives, and researchers to shape the future of artificial intelligence (AI). The event focused on addressing AI’s rapid advancements, ethical concerns, and the development of global governance frameworks to ensure its responsible use. Key Objectives and Participants The two-day summit, co-hosted by French

AI & Robotics

Former Intel CEO Pat Gelsinger Commends DeepSeek’s Open-Source AI Model

By BPN News Desk January 29, 2025

Former Intel CEO Pat Gelsinger has lauded DeepSeek’s newly introduced open-source AI reasoning model, R1, for its innovation and transformative potential in the technology sector. In a recent post on X (formerly Twitter), Gelsinger reflected on key lessons from computing history that R1 exemplifies, emphasizing how affordability, ingenuity under constraints, and the power

Technology

Sam Altman’s 2023 Comments on India’s AI Prospects Resurface Amid DeepSeek’s Rise

By BPN News Desk January 29, 2025

In 2023, OpenAI founder Sam Altman remarked during his visit to India that it would be “hopeless to compete with us on training foundation models,” suggesting that India’s efforts to develop AI models akin to ChatGPT would likely not succeed. These comments have recently resurfaced and are drawing significant attention, especially in light of the […]

AI & Robotics

Nvidia’s Historic $465 Billion Market Value Decline Amid DeepSeek’s AI Advancements

By BPN News Desk January 28, 2025

Nvidia experiences an unprecedented $465 billion market value decline following DeepSeek's introduction of a cost-effective AI model, prompting a reevaluation of AI investment strategies.

AI & Robotics

Mark Zuckerberg: AI Matches Mid-Level Engineers at Meta

By BPN News Desk January 13, 2025

Mark Zuckerberg reveals AI performs at mid-level software engineer standards, sparking concerns for developer jobs at Meta.

State News West India

Maharashtra to Draft Comprehensive AI Policy: Minister Shelar

By BPN News Desk January 3, 2025

The Maharashtra government is gearing up to draft its first-ever artificial intelligence (AI) policy aimed at fostering innovation, boosting adoption in governance, and driving growth in the AI sector. Minister for School Education and Marathi Language Deepak Kesarkar announced the initiative, signaling the state’s commitment to leveraging cutting-edge technologies. Focus