India among top markets for AI-powered Bing preview: Microsoft
Microsoft, under its Indian-American CEO Satya Nadella, has a vision about the world moving from search engines to what it thinks of “as your co-pilotâ€� for the web
India has emerged as one of the top three markets for Microsoft's new Bing preview, which has ChatGPT incorporated into it, a senior company official has said.
Powered by ChatGPT, Microsoft launched the new Bing preview on February 7. ChatGPT is an artificial intelligence chatbot developed by OpenAI and launched in November 2022.
"Search has changed and will change. It's not going away. Just like when television came into existence, radio didn't go away, but TV got a lot more excitement. Same will happen here… And with Bing, we are completely unique in that leadership today,” Yusuf Mehdi, corporate vice president and consumer chief marketing officer of Microsoft said.
Microsoft, under its Indian-American CEO Satya Nadella, has a vision about the world moving from search engines to what it thinks of "as your co-pilot” for the web.
That does four things: do better search, give answers to questions, chat and create content. "We're now having over 100 million daily activities on Bing. We are in 169 countries and India is one of the top three markets for us in this new Bing preview. In fact, India is the top image creator market, based on users using the feature, which is really pretty neat,” Mehdi said.
“So, of all the countries in the world, India's the top. With some of these visual capabilities, one of the things we also announced this last week is knowledge cards. So that you can now get richer views of the searches. We are seeing a Bollywood actor Kiara Advani as the top search in knowledge cards with other actors rounding out in the Indian market. So, seeing great engagement there (in India),” he said.
He said the Indian market is very active as people in the country are using many of the new features that Microsoft has recently launched. The new Bing has been receiving very positive feedback from its users, he said.
“The feedback is overwhelmingly positive as people prefer it as a new way to search, not just the answers, but the ability to chat and search. That's an important thing because it marks a difference between us and Google,” he said.
“Google is trying to say that the chat has nothing to do with search and they're separate products. We think they're one integrated product. … In chat, we got a lot of feedback about people wanting to use it for more than just search,” he said.
People want to do social entertainment and want to be able to talk to the AI chatbot, Mehdi said, adding Microsoft continues to improve the factual accuracy of answers.
“Because while it can be very creative, there are still areas where we can do a better job. Things like math questions, things like searches about individual people, we are still doing more work there,” he said.
Some of the things like knowledge cards and stories are something very unique to Bing, which Google doesn't do, he said.
Observing that search is still a magical tool, Mehdi said this has evolved and now it is also being used for planning and getting answers to complicated questions.
Bing with the new AI can respond to complicated questions which regular searches cannot do, he said.
“One of the things that we've made progress with Bing is we're now able to answer those questions, many of those questions that Google cannot do because we're using ChatGPT to help refine… because we're using AI to help answer the question,” he said.
Google has taken a different approach, so far, he said.
“They have a very separate chat product called Bard that's different from Google search. They haven't done any of the AI work in Google search. We've brought that right in. So, we have a much better offering now for people. And we think that is the future of bringing search and chat and creation together. That's why our vision's so different from their vision,” Mehdi said.
Mago Capital acquires the 145,000 square foot Notting Hill Gate Estate for £180million.
Prideview Group plays key role, completing £200million in London deals this year
Eastway Estates to back Mago Capital’s future property investments.
Prideview powers Mago’s expansion
Mago Capital has purchased the 145,000 square – foot Notting Hill Gate Estate in London for £180 million from Frogmore and Morgan Stanley. The purchase is part of its push to expand its £500 million Central London portfolio, through Prideview Group deal. The company has been actively buying premium properties across Central London.
For Prideview Group, this is another important achievement. The firm has completed over £200 million in Central London deals so far this year, becoming a significant player in the premium property market.
"We've always believed in the long-term value of prime London real estate, and this deal reinforces that," said Jesal Patel, Principal at Prideview Group. "We were able to move quickly with Mago Capital to secure an exceptional property in one of London's most iconic locations."
Ed de Stefano from Tydus Real Estate, told BE news, "The Notting Hill Estate provided a fantastic opportunity to acquire a 100 per cent prime, recently redeveloped, mixed-use estate, in one of central London's most affluent submarkets."
The deal involved several specialists including Tydus Real Estate, Freedman + Hilmi, and Brotherton, showing how complex such large property purchases can be. Prideview Group's investment arm, Eastway Estates, sits on Mago Capital's board and will support their future property acquisitions.
Looking forward, Prideview Group wants to manage £1 billion worth of property within the next 12 to 24 months. The firm is looking to work with investment funds, property agents, brokers, and other property companies to buy more assets.
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