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Google CEO Sundar Pichai on the launch that made the company issue Code Red to all its employees

Google CEO Sundar Pichai has opened up about the company’s internal panic when OpenAI launched ChatGPT in late 2022, describing how the seemingly small startup’s breakthrough forced the company to declare a “code red” and dramatically reshape its AI strategy.Speaking at Salesforce’s Dreamforce conference, Pichai acknowledged that OpenAI deserved credit for releasing their chatbot first,…

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Sebi eases securities transfer, introduces TLH code; simplifies nominee-to-legal heir process

Markets regulator Sebi on Friday announced a simplified framework for transferring securities from a nominee to the legal heir, aimed at reducing unnecessary tax and compliance hassles.Under the current system, such transfers were sometimes treated as “sales” and assessed for capital gains tax, even though Section 47(iii) of the Income Tax Act, 1961, exempts them….

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Show is over: Saudi Arabia shuts down music lounges in Riyadh, Jeddah after conservative backlash; cites health, hygiene code

Performers at Riyadh’s WM Lounge (WM Lounge/Instagram) Saudi Arabia has launched a massive crackdown on music lounges as at least two dozen venues in Riyadh and Jeddah have been shut down in recent weeks. Financial Times reported that the officials have cited reasons like “serious violations” to public health and hygiene codes behind shutting down…

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