Vienna-based company NOYB plans to sue ChatGPT for providing inaccurate information through its AI tool. NOYB claims that ChatGPT’s “hallucinating” flagship tool is not providing correct answers and refuses to correct the data. They argue that if a system cannot produce accurate and transparent results, it should not be used to generate data about individuals. In other news, IDFC Bank is looking to hire an experienced Transaction Monitoring Analyst in Mumbai, with responsibilities including monitoring control systems, recommending improvements, and maintaining compliance records.
In the tech world, open-source AI is gaining importance as it allows for collaboration, transparency, and innovation by enabling developers to access and build on each other’s work. This accelerates the development of AI technologies and democratizes AI capabilities. On the cryptocurrency front, major tokens like Bitcoin, BNB, and Ethereum showed positive performance with up to 4% increase in trade, while others like XRP, Polkadot, and Cardano saw losses. The market cap has surged by 0.9%, with Bitcoin’s market cap rising to $1.311 trillion and Solana maintaining as a top gainer. Analysts predict a bullish phase in the current cycle based on Bitcoin’s 200-day average price reaching its highest levels in over 2 years.
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