Business

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

Published

2 years 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

E&P Companies Will Invest $5 Billion in Pakistan’s Petroleum Industry

Published

3 hours ago

Farwa

Over the next three years, local and foreign companies involved in Pakistan’s oil and gas exploration and production sector have shown a strong desire to invest more than $5 billion in the nation’s energy sector.

Recent changes to the Petroleum Policy and the implementation of an exclusive tight gas policy, which provide better incentives and a more investor-friendly regulatory framework, are credited with the increase in investor confidence.

These strategic changes are expected to boost domestic energy production, open up new avenues for growth, and draw large amounts of both domestic and foreign investment.

Business

With inflation slowing, the SBP is anticipated to lower the policy rate for the eighth time in a row.

Published

4 hours ago

Farwa

Businesspeople anticipate another reduction in the policy rate when the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) releases the updated rate.

The interest rate for the upcoming two months will be announced by the central bank. It is still unclear if the rate will stay the same or be lowered to reflect stakeholder expectations.

According to experts, the policy rate will be lowered in order to further boost the nation’s economic sector.

Interest rates may be lowered for the seventh time in a row if the inflation rate declines significantly more than anticipated.

In its last six sessions, the MPC had cut the policy rate by 10 percent. In January 2025, it decreased the rate by one percent to 12pc.

12PC POLICY RATE

In January, the State Bank of Pakistan (SBP) announced cut in key policy rate by 100 basis points (bps) to 12 percent from 13pc in line with expectations of the business community.

The policy rate, which had been at 22 percent since June 2024, was slashed by 1,000 basis points to 12 percent.

The SBP governor said the decision was taken with careful consideration. “Although inflation is expected to decline next month (February), core inflation remains a pressing concern,” he stated.

Ahmed highlighted strong remittance inflows and robust export growth as key factors supporting the current account.