Tag: economy

What is OpenAI and How is it Revolutionizing Artificial Intelligence
Knowledge Base, Technology

What is OpenAI and How is it Revolutionizing Artificial Intelligence

OpenAI is a research organization that is focused on developing and promoting friendly artificial intelligence (AI). Founded in 2015 by a group of high-profile tech leaders, including Elon Musk and Sam Altman, OpenAI has quickly become a leading player in the field of AI research. One of the main goals of OpenAI is to advance the field of AI in a way that is safe and beneficial for humanity. To achieve this goal, the organization focuses on research in areas such as machine learning, robotics, and computer science. OpenAI also works to promote the responsible development and use of AI, and it has a number of initiatives in place to help educate and inform the public about the potential and limitations of AI. One of the key ways that OpenAI is revolutionizing AI is through its develo...
GDP of India-Economy
Business

GDP of India-Economy

India's economic contraction last quarter sets back the progress for many years. The PM Narendra Modi's ambitious targets of doubling the economic size to $5 trillion are almost out of reach. Contract in economy The 23.90% drop in GDP in the June quarter from 2019 is the massive fall of economies tracked by Bloomberg. This prompted banks to depreciate their full-year predictions. The shrink in the economy happens for the first time in 40 years. Due to the global COVID-19 pandemic, the GDP of the United States shrank at a rate of 5% during the first quarter of 2020. In India, many people lost their livelihood. This in turn affects the contribution to the gross domestic product of the economy. Curb lending by banks In previous years, India has overseen the growth rates of ...