What's New Today: 'No ChatGPT at JPMorgan': Here's Why the Financial Powerhouse Has Defied the Trend
Fast-Track Insights: Indian Crypto Regulation Discussions Obtain the Support of Important Stakeholders
Although ChatGPT is a heated topic online, the CEO of a design agency swears by it. The chatbot assisted Greg Isenberg, CEO of Late Checkout, in recovering Rs 90,68,187 lakh ($109,500) from a client who abandoned them without paying. Greg shared this on Twitter. Isenberg described a multi-billion-dollar client who ghosted the company because it consistently "underpromised and over-delivered" on its designs. Isenberg claimed that the incident was ruining the morale of his team. He considered utilizing ChatGPT to create a "little more of a terrifying email to capture attention" rather than taking the legal route." Isenberg provided context information in the prompt and instructed ChatGPT to act as though its role is to collect customer payments for the finance department. Should I forward this thread to the client who ghosted me? I never told him that I sent the collecting email using ChatGPT. I believe that would be hilarious for him." Isenberg concluded the thread with a post.
ChatGPT, an AI-powered chatbot, keeps users engaged by responding to all questions and even assisting them in creating research subjects and emails. However, other businesses, including Amazon and Verizon Communications, are restricting the use of chatbots created by OpenAI. The most recent of these firms is JPMorgan Chase. According to a story in CBS News, the company has forbidden its employees from using ChatGPT in accordance with its rules regarding the use of third-party software. The financial services provider declined to comment on its staff members' use of ChatGPT for work-related purposes. Earlier, schools in New York City prohibited students from using AI-based writing programs that produce paragraphs of text that resemble human speech. The largest US school district's decision to block access to the ChatGPT website on school computers and networks may have repercussions on other campuses, sending teachers rushing to come up with effective anti-cheating strategies. The ChatGPT developers stated that they are also exploring methods to spot abuse.
Ever since ChatGPT is released, it is generating a lot of awe among tech enthusiasts. No wonder the canny chatbot's abilities are so universal that it has become a kind of demi-god of digital applications. As Human Resources, of late, has started depending on technology, ChatGPT is ready to invade this department too. But it is to be seen whether the AI chatbot can deliver the actual results given the fact that Human Resources requires human volition and judgment to choose the right person or engage with them for the progress of the company and the individual as well. Read More
India is once again in the news about cryptocurrency laws. Shaktikanta Das, the governor of the Reserve Bank of India (RBI), has stated that some G20 meeting participants may contemplate outright banning cryptocurrencies. The Financial Stability Board (FSB) and the International Monetary Fund (IMF) will collaborate on a technical study and develop strategies to establish a regulatory framework for digital assets. At the G20 summit, the Indian Presidency will propose these rules. At the upcoming G20 Finance Ministers and Central Bank Governors meeting, the paper will be discussed. Nirmala Sitharaman, India's finance minister, made it quite plain during the press conference that followed the first G20 Summit that anything that is not under the supervision of the Central Bank is not to be regarded as a currency.
The International Monetary Fund (IMF) and the United States have backed India's efforts to regulate cryptocurrencies. According to Reuters, India, the Group of 20 (G20) bloc's current presidency, won significant support at the gathering of the leaders of the blocs' financial departments. India has long advocated for cryptocurrency regulation on a worldwide scale. It now intends to accomplish that using its leadership of the G20. A seminar on creating a uniform regulatory framework was already organized for all G20 members by the nation's ministry of finance. Global regulation may be a good concept, but having India lead the way may worry the developing sector. The Indian government has long discussed a law that bans or at least regulates cryptocurrencies.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.