UPI Lite📱, Tim Cook on Apple in India📈, Google to launch its own AI Chatbot🤖
UPI Lite on Paytm, PhonePe soon, Tim Cook says Apple grew strong in India, Google to launch ChatGPT rival soon, and more.
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UPI Lite on Paytm, PhonePe soon for smaller epayments📱
Paytm and PhonePe are set to launch the UPI Lite on their apps soon, allowing transactions of up to Rs 200 without the need to feed the six-digit UPI PIN.
Paytm, which is closest to going live as of now, is likely to launch UPI Lite on its app within a month, and PhonePe may follow suit.
“The service (UPI Lite) has been live on BHIM UPI for some users, but bigger players onboarding the project could become the shot in the arm needed to distribute this product,” the source said.
Another fintech company Slice is also working on UPI Lite as it focuses on a younger consumer base that makes small-ticket transactions.
Tim Cook says Apple grew “very strong double digits” in India📈
Apple registered all-time high revenue in India in the December quarter, with sales growth coming from every product segment, making the company bullish on India expansion post-Covid.
Apple CEO Tim Cook said Apple grew “very strong double digits” in India year-on-year.
“We brought the online store there in 2020. We will soon bring Apple Retail there. We are putting a lot of emphasis on the market. There’s been a lot going from financing options and trade-ins to make products more affordable and give people more options to buy,” Cook said.
Google planning to launch its own AI Chatbot to rival ChatGPT🤖
Google CEO Sundar Pichai has reportedly revealed the company’s plans for launching a ChatGPT rival during its Q4 earnings call.
Pichai confirmed that Google has been preparing its artificial intelligence (AI) chatbot since early 2022 and has “big plans” for it which are expected to be revealed over the next few months.
He also mentioned that Google’s AI will allow users to "interact directly" with its "newest, most powerful language models as a companion to search."
One of the first tools that are expected to be rolled out to the general public will be Google’s AI chatbot LaMDA. This tool has been which has remained restricted to Google's engineers and beta testers.
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