Business

Too much use of ChatGPT gives bosses a bone to pick with workers

Published

9 months ago

Farwa

Despite concerns that have prompted employers like Microsoft and Google to limit its usage, a Reuters/Ipsos poll indicated that many workers across the US are using ChatGPT to assist with basic tasks.

Companies all over the world are debating how to effectively utilise ChatGPT, a chatbot program that uses generative AI to engage consumers in discussions and respond to a variety of cues. However, security groups and businesses have expressed worries that it can lead to leaks of strategy and intellectual property.

People have reportedly used ChatGPT for things like email composition, document summarization, and completing initial research to assist with their daily work.

When asked if they often use ChatGPT at work, 28% of respondents to an online survey on artificial intelligence (AI) conducted between July 11 and July 17 claimed they do.

The credibility interval, a gauge of precision, for the Reuters/Ipsos survey of 2,625 individuals in the US, was roughly 2 percentage points.

25% of individuals surveyed did not know whether their employer allowed the use of the technology, while 10% of those surveyed claimed that their supervisors specifically forbade the use of external AI technologies.

After its November introduction, ChatGPT rose to the position of app with the fastest growth in history. It has sparked both interest and concern, putting OpenAI, the project’s developer, in confrontation with authorities, particularly in Europe, where the firm’s extensive data collection has come under fire from privacy watchdogs.

Business

Pakistan’s gold prices are still declining; see the most recent

Published

18 hours ago

Farwa

The price of 10-gram gold reduced by Rs943 to settle at Rs207,733, while the price of gold dropped by Rs1200 to close at Rs242,300 a tola, according to the Sindh Sarafa Jewellers Association.

In the global market, the price of the precious metal fell by $10 to $2,349 per ounce, resulting in losses.

At 04:48 GMT, the spot price of gold had dropped by 0.2% to $2,354.77 per ounce. In the previous session, prices reached a two-week high.

American gold futures dropped 0.6% to $2,361.

Spot silver decreased by 0.4% to $28.03 per ounce, while palladium remained steady at $978.03 and platinum decreased by 0.1% to $992.89.

Business

Pakistan and the IMF begin talks for a new loan.

Published

18 hours ago

Farwa

Pakistan is requesting a $6 to $8 billion bailout package from the international lender over the next three to four years to address its financial troubles.

A mission team led by Nathan Porter, the IMF’s Mission Chief in Pakistan, is meeting with a Pakistani delegation led by Finance Minister Muhammad Aurangzeb.

According to sources familiar with the situation, Islamabad may face more difficult options, such as raising power and gas bills.

Mr. Aurganzeb informed the IMF team that the country’s economy has improved as a result of the IMF loan package, and Islamabad is ready to sign a new loan programme to further develop.

The IMF mission expressed satisfaction with Islamabad’s efforts to revive the country’s struggling economy.

The IMF praised Pakistan’s economic growth in its staff report earlier this week, but warned that the outlook remains challenging, with very high downside risks.

The country nearly avoided collapse last summer, and its $350 billion economy has stabilized since the end of the last IMF program, with inflation falling to roughly 17% in April from a record high of 38% last May.

Business

Petrol prices are likely to drop significantly beginning May 16.

Published

19 hours ago

Farwa

According to sources, the government is set to decrease petrol prices by Rs 14 per litre and diesel prices by Rs 10 on May 16 for the next fortnight’s revision.

Last month, the government reduced the price of fuel and high-speed diesel by Rs5.45 and Rs8.42 per fortnight, respectively.

The current fuel price is Rs288.49 per litre, while the HSD price is Rs281.96.

Meanwhile, oil prices fell further on Monday, as signs of sluggish fuel consumption and comments from U.S. Federal Reserve officials dimmed optimism for interest rate reduction, which may slow growth and reduce fuel demand in the world’s largest economy.

Brent crude prices down 25 cents, or 0.3%, to $82.54 a barrel, while US West Texas Intermediate crude futures fell 19 cents, or 0.2%, to $78.07 per barrel.

Oil prices also declined on signals of poor demand, according to ANZ analysts, as gasoline and distillate inventories in the United States increased in the week before the start of the driving season.

Refiners throughout the world are dealing with falling diesel profitability as new refineries increase supply and warm weather in the northern hemisphere and weak economic activity reduce demand.