Can ChatGPT really outperform humans in complex, creative, tacit-knowledge writing tasks? This column asks the app to compose a policy brief for the Board of the Bank of Italy. ChatGPT can accelerate workflows by providing well-structured content suggestions, and by producing extensive, linguistically correct text in a matter of seconds. It does, however, require a […]
Huawei Technologies’ breakthrough in making an advanced chip underscores China’s determination and capacity for fighting back against U.S. sanctions, but the efforts are likely very costly and could prompt Washington to tighten curbs, analysts said. Huawei unexpectedly unveiled the latest Mate 60 Pro smartphone last week during U.S. Commerce Secretary Gina Raimondo’s visit in China, as […]
Shares in Dell Technologies Inc rose 22.2% and hit a record high on Friday after it raised full-year financial forecasts with boosts from artificial intelligence (AI) and stabilizing demand for computer hardware after a months-long slump. The stock last traded at $68.75 after hitting a peak of $70.28 while trading volume was 5.4 times its 10-day […]
Britain set out its objectives for its global artificial intelligence (AI) safety summit on Monday, focusing on understanding the risks posed by the frontier technology and how national and international frameworks could be supported. The summit, which will be held on Nov. 1-2, will bring together tech executives, academics and political leaders as nations and […]
Paytm founder Vijay Shekhar Sharma said on Monday he is open to increasing his stake in the Indian fintech firm if there are sellers, weeks after he became the largest shareholder in the company by buying stake from Chinese firm Antfin. Sharma, also CEO of Paytm, holds a 19.42% in Paytm after purchasing shares from Antfin amid broader […]
London Stock Exchange Group is looking into using blockchain to build what it described on Monday as “an end-to-end digital market ecosystem to raise and transfer capital across asset classes”. Murray Roos, head of capital markets at LSEG, earlier told the Financial Times that the London-based exchange had been examining the potential for a blockchain-powered trading […]
Fishing grounds choked by water hyacinths. Songbird eggs gobbled up by rats. Power plant pipes clogged by zebra mussels. And electrical lines downed by brown tree snakes. These are just a few examples of the environmental chaos sown by invasive species, whose spread around the world has seen economic damages quadruple every decade since 1970, […]
The Covid-19 pandemic and recent Russia-Ukraine war disrupted global supply chains and led to significant delivery delays, input shortages, and stockout risks. Firms exposed to such risks have been forced to rethink their production and inventory management from just-in-time to just-in-case. Using quarterly Japanese firm-level data, this column shows that relative to firms that purchase […]
Residential prices in the US increased in the suburbs during the pandemic relative to neighbourhoods closer to city centres, reflecting a relocation of residents away from downtowns. At the same time, demand for offices fell. This column argues that these changes can be traced back to the rise of work-from-home arrangements, which have created a […]
Alphabet’s Google said on Wednesday it introduced generative artificial intelligence to its Search tool for users in India and Japan that will show text or visual results to prompts, including summaries. The feature, which was first launched only in the United States, was rolled out this week in the two countries, and users will have the […]
