SBI’s Q1FY22 net profit up 55% YoY

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Mumbai, Aug 4 | Lending major State Bank of India (SBI) on Wednesday reported a year-on-year rise of 55.25 per cent in its net profit for Q1FY22.

Accordingly, the bank, reported its highest quarterly net profit of Rs 6,504 crore in Q1FY22.

Besides, the lender’s net interest income for the quarter under review increased by 3.74 per cent YoY.

“Net NPA ratio at 1.77 per cent is down 9 bps YoY. Gross NPA ratio at 5.32 per cent is down 12 bps YoY.”

“Provision Coverage Ratio (PCR) is at 85.93 per cent, down 39 bps YoY.”

In addition, the bank said its ‘Capital Adequacy Ratio’ (CAR) has improved by 26 bps YoY to 13.66 per cent as on June 2021 – without including Q1FY22 Profit.

“Return on Assets (RoA) increased by 15 bps YoY to 0.57 per cent in Q1FY22 against 0.42 per cent in Q1FY21.”

Source: IANS

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Elon Musk asks hard-hitting AI engineers for job

Elon Musk asks hard-hitting AI engineers for job

Tesla founder and CEO Elon Musk on Monday tweeted that he is hiring Artificial Intelligence (AI) engineers who are passionate about solving day-to-day problems through AI

San Francisco, Dec 6 | Musk hiring engineers to solve problems that affects people’s lives. Tesla founder and CEO Elon Musk on Monday tweeted that he is hiring Artificial Intelligence (AI) engineers who are passionate about solving day-to-day problems through AI.

“As always, Tesla is looking for hardcore AI engineers who care about solving problems that directly affect people’s lives in a major way,” Musk tweeted along with a link to apply for the job.

Interested candidates can apply by filling in fields like name, email, exceptional work done in software, hardware or AI, dropping their resume in the PDF format and hitting the Apply option.

As per the website, Tesla’s AI and Autopilot unit develops and deploys autonomy at scale in vehicles, robots and more.

“We believe that an approach based on advanced for vision and planning, supported by efficient use of inference hardware, is the only way to achieve a general solution for full self-driving and beyond,” the website read.

In a 2014 interview, Musk said he looked for “evidence of exceptional ability” in a potential employee, rather than a degree from a prestigious university.

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“There is no need even to have a college degree at all, or even high school,” Musk said during an interview with the German automotive publication Auto Bild about his hiring preferences more broadly.

“If somebody graduated from a great university, that may be an indication that they will be capable of great things, but it’s not necessarily the case. If you look at, say, people like Bill Gates or Larry Ellison, Steve Jobs, these guys didna¿t graduate from college, but if you had a chance to hire them, of course that would be a good idea.”

Source: IANS

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