ChatGPT Plus🤖, Microsoft’s big AI push🌐, Amazon to buy MX Player📺
ChatGPT Plus in India, Bing gets better, Amazon to buy MX Player, Funding Deals and more.
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ChatGPT Plus subscriptions launched in India🤖
OpenAI has launched ChatGPT Plus, a paid and improved version of the popular AI chatbot ChatGPT, in India to improve the artificial intelligence ( AI) experience for users during rush hours.
Available at $20 per month (Rs 1,650) in India, ChatGPT Plus claims to have faster response rates. It will offer users priority access to new features and improvements. OpenAI said it is also exploring options for lower-cost plans, and data packs for wider availability.
OpenAI had earlier said it will continue offering free-to-use ChatGPT, and the new Plus variant is meant for those who want more from ChatGPT.
Microsoft’s big AI push: Bing gets better, Edge gets an edge🌐
Microsoft made a silent $1 billion investment in OpenAI, an AI startup in 2019. However, after ChatGPT's emergence in November 2022, Microsoft confirmed a $10 billion investment.
In recent months, Microsoft has incorporated ChatGPT and other AI models into many of its services to capitalize on this investment.
Despite having little recall as a search engine, Bing now has 100 million users, thanks to the integration of ChatGPT by Microsoft.
Bing has undergone several changes in its new avatar, including how it responds to certain queries.
PhonePe has raised an additional $200 million in primary funding from Walmart at a pre-money valuation of $12 billion.
Electric two-wheeler maker Kabira Mobility has secured $50 million (around Rs 412 crore) funding from Qatar-based Al-Abdulla Group.
AI-driven investment platform Univest raised $1.5 million in a seed round of funding led by US-based Trinity Media group.
New age insurance firm Acko has acquired Parentlane, a digital health platform in the maternity and child health space, for an undisclosed amount.
Amazon begins due diligence to buy MX Player📺
Amazon.com Inc. is in advanced talks to acquire MX Player, the video streaming platform owned by Times Internet.
The US e-commerce giant has hired one of the Big Four accounting firms to carry out due diligence of MX Player exclusively.
Earlier, Times Internet was asking for over $100 million for MX Player, while Amazon’s internal team valued it at around ₹500 crores ($60 million). The deal is likely to be in the range of ₹600-900 crore.
The addition of MX Player will give a massive boost to Amazon’s AVoD (advertiser video-on-demand) business.
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