News

Introducing Bard, Google’s Response To ChatGPT

The search giant’s new chatbot is still being tested, but is set to launch in the coming weeks with an API available for developers to build into their own creations.

Published

2 years ago

February 8, 2023

Nour Nasir

introducing bard google's response to chatgpt

As the hype builds around startup OpenAI’s chatbot, ChatGPT, Google is keen to stay ahead of the Microsoft-funded competition. To that end, the search giant will roll out its own version of the technology named Bard over the coming weeks.

Sundar Pichai, Google’s CEO, has announced that Bard is already available to “trusted testers” and is designed to harness the “breadth of the world’s knowledge” behind a conversational-looking interface. Pichai did not announce concrete plans to integrate Bard into the company’s main search box, instead pointing to a novel and more cautious use of the technology to enhance conventional searches.

The news of Google’s foray into chatbot-style AI comes after Microsoft’s recent investment of $10 billion into ChatGPT’s parent company, OpenAI. ChatGPT has grown into an internet sensation over the last few months, however, some experts advise caution after noticing that the bot is prone to making up answers or copying its responses from other online sources.

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Interestingly, the ChatGPT engine is built on top of an AI model known as Transformer, which Google itself first invented. After Google researchers listed severe limitations in the concept in a 2020 paper, two prominent ethical AI researchers, Timnit Gebru and Margaret Mitchell, were fired from the search giant, while others are said to remain frustrated at Google’s hesitancy to harness the technology thoroughly.

So what differences can we expect from Google’s new Bard software when it releases? In Sundar Pichai’s blog post on Monday, the CEO offered the example of asking Bard “to explain discoveries made by NASA’s James Webb Space Telescope in a way that a 9-year-old might find interesting”. Bard responds in a conversational bullet-point style, with the first one reading, “In 2023, The JWST spotted several galaxies nicknamed green peas. They were given this name because they are small, round, and green, like peas”.

News

Paymob Extends Series B Funding To $72M Amid Continued Growth

The financial services provider has secured an extra $22 million after strong performance in its core market of Egypt.

Published

22 hours ago

September 12, 2024

Nour Nasir

paymob extends series b funding to $72 million amid continued growth

Leading financial services provider Paymob has secured an additional $22 million in a funding extension, bringing its Series B total to $72 million.

The funding was spearheaded by EBRD Venture Capital, with support from Endeavor Catalyst. Existing backers such as PayPal Ventures, BII, FMO, A15, Nclude, and Helios Digital Ventures also participated, reaffirming their confidence in Paymob’s business model and potential in the regional fintech industry.

This extension comes on the back of Paymob’s strong performance in its core market of Egypt, where it has experienced 6x revenue growth since the initial Series B in Q2 2022. With the Series B extension and continued profitability in Egypt, Paymob is well-positioned to further its expansion strategy across the MENA region.

Islam Shawky, Co-founder and CEO of Paymob, commented: “We are very excited by our strong prospects in Egypt – where we hold a market-leading position – and the significant traction experienced in the UAE since launching operations there. This funding will help Paymob fully capitalize on the momentum in our established markets, as we accelerate our GCC roll-out. We remain committed to creating cutting-edge infrastructure enabling SMEs across the region to thrive in the digital economy and are proud of our continued impact”.

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The expansion into GCC markets has been driven by Paymob’s initial Series B funding of $50 million, raised in 2022 and led by Kora Capital, PayPal Ventures, and Clay Point. The investment fueled Paymob’s growth, allowing it to launch its mobile app in 2023 and grow its merchant base by 3.5 times, now serving nearly 350,000 merchants across MENA.

Paymob has also expanded its payment acceptance suite to offer 50 payment methods through its gateway, POS terminals, and the Paymob app, providing the region’s most comprehensive fintech solution. The company recently introduced embedded checkout services for Shopify and WooCommerce, further demonstrating its commitment to empowering small and medium businesses across the region.