April 28, 2023 /Economy/ — Generative AI is a type of artificial intelligence that is capable of generating text, images, and other content that is indistinguishable from human-created output. This technology has the potential to automate a wide range of tasks that are currently performed by humans, including customer service, data entry, and even creative writing.
The Goldman Sachs report predicts that generative AI could automate 18% of work globally, with the effects felt most deeply in advanced economies. This is because advanced economies tend to have a higher concentration of white-collar jobs, which are more susceptible to automation. Continue reading
It is a cliche that not knowing history makes one repeat it. As many people have also pointed out, the only thing we learn from history is that we rarely learn anything from history. People engage in land wars in Asia over and over. They repeat the same dating mistakes, again and again. But why does this happen? And will technology put an end to it?
From chatbots and virtual assistants to fraud detection and risk management, artificial intelligence (AI) is now being used in many areas of finance. But what could an AI system like ChatGPT do for your bank balance?
AI tools might seem overly complex or expensive to non-experts, but advances in natural language processing and machine learning could turn ChatGPT and similar products into virtual personal finance assistants. This would mean having an expert on hand to help you make sense of the latest financial news and data.
April 21, 2023 /Technology/ – On April 20, 2023, Google announced that it would be merging its two main artificial intelligence research units, Google Brain and DeepMind, into a new unit called Google AI. The new unit will be led by Jeff Dean, who is currently the lead of Google Brain.