Author: News Desk

More than 50 per cent of jobs in educational institutions, including those in the UAE, are expected to undergo automation, thanks to the emergence of artificial intelligence (AI) with generative capabilities.\ The Role of GPT-4 Traditional AI in education and workforce training automated approximately 15 percent of job tasks. However, the introduction of GPT-4 has significantly increased this figure, paving the way for more than half of educator job tasks to be automated to varying degrees. The Changing Landscape of Education Coursera CEO Jeff Maggioncalda emphasised the transformative power of AI in education during the launch of Coursera’s new AI features and products. These innovations are set…

India’s Standing Committee on Information Technology is contemplating a series of recommendations aimed at bolstering the country’s laws against misinformation and offensive content on social media platforms. These proposals, which could be presented in the upcoming Winter Session of Parliament, have gained significant attention. In a recent development, digital platforms were summoned by the committee to discuss their strategies for combating the spread of misinformation, particularly in the lead-up to Assembly and Lok Sabha elections. Representatives from major platforms, including YouTube, X (formerly Twitter), WhatsApp, Facebook, Instagram, Snapchat, as well as Indian apps like Koo, ShareChat, and Dailyhunt, were asked to submit written proposals…

In a historic turn of events, Meta, formerly known as Facebook, is gearing up for a fierce competition with tech giant Apple in the realm of mixed-reality headsets. According to reports, the pressure is palpable among Meta employees as they prepare to face the formidable challenge posed by Apple’s entry into this emerging market. The Clash of Titans: Meta vs. Apple in the Mixed-Reality Race This clash between the two tech giants is set to revolve around the sale of mixed-reality headsets, with Apple’s Vision Pro being the latest entrant into the field. While Meta may have had a head…

In a significant move aimed at infrastructure development and economic stimulus, the Indian government is set to embark on a massive road construction spree, with plans to award ₹3 trillion worth of road projects within the next six months. This ambitious initiative is strategically timed to coincide with the run-up to the upcoming general elections, and it aims to pave the way for the construction of an impressive 10,000 kilometres of roads across the nation. A Landmark Initiative This endeavour is poised to become one of the largest road project awards ever undertaken in a six-month period. The Ministry of…

Fibe, (formerly known as EarlySalary), a fintech company and Axis Bank, one of the largest private sector banks in India, has partnered to launch India’s first-ever numberless credit card for tech-savvy Gen Zs. With a numberless credit card, customers get an added level of security as there is no card number, expiry date or CVV printed on the card plastic. This claims to reduce the risk of identity theft or unauthorised access to customer’s card details ensuring absolute security and privacy. The Offers Claim The card is powered by RuPay, which allows the customer to link this credit card to UPI. The card…

Humans can fly! A myth? No, Paul Robert Jones, a gravity jet suit pilot, did the demonstration flight as part of the 16th edition of COCON-16, an international cyber conference organised by the Kerala Police in association with Information Security Research Association and Society for Policing of Cyberspace. It was an enthralling experience for people and guests gathered on the premises of the Grand Hyatt Hotel in Kochi on Friday morning, as they saw a man defying gravity and taking to the skies. Paul, who arrived at the ground wearing a gravity suit, greeted the spectators before taking to the skies. As he flew back…

Reliance General Insurance Company (RGIC), a subsidiary of Reliance Capital, led by Anil Ambani, is currently under scrutiny as it receives multiple show-cause notices from the Directorate General of GST Intelligence (DGGI). These notices, totaling an astonishing Rs 922.58 crore, pertain to GST obligations related to various aspects of RGIC’s operations. In this article, we will delve into the details of these notices, the implications for the company, and the broader context of RGIC within Reliance Capital’s ongoing debt resolution process. Show-Cause Notice 1: The Re-Insurance Commission Conundrum The first show-cause notice, amounting to Rs 478.74 crore, focuses on the applicability of GST on re-insurance commission. The DGGI argues that the…

Union Home and Cooperation Minister Amit Shah, on Monday, said that Cooperatives are the only medium for economic development of the 60 crore population of the country, which does not have capital. Addressing a two-day National Conference of State Cooperation Ministers, Shah noted that the Central Government has taken 54 initiatives in the last 27 months to strengthen cooperative movement in the country and increase cooperatives’ share in GDP. As per the minister, these initiatives have special focus on strengthening the Primary Agriculture Credit Societies (PACS). The initiatives aimed towards ease of doing business include computerization of PACS, model byelaws, widening the functioning…

The Reserve Bank of India (RBI) has announced the repo rate unchanged at 6.5%. The move is likely to have an impact on the crypto market. RBI has always been critical of cryptocurrencies. The central bank is always concerned about the risks associated with cryptocurrencies, such as their volatility and the potential for money laundering But both RBI’s recent repo announcement and crypto market are really correlated? While traditional financial markets are clearly impacted, how can this affect the crypto markets? In terms of liquidity, when a central bank alters the repo rate, it’s essentially shifting the liquidity profile of the…

Dubai, the city of endless innovation, has once again captured the world’s attention with a groundbreaking proposal that promises to redefine transportation and trade. From futuristic flying experiences to encounters with advanced robots, Dubai continues to push the boundaries of what is possible. One of its latest ambitious endeavours is the creation of an underwater train that will connect Dubai to Mumbai, India, setting a new benchmark in transportation and connectivity. Bridging the Gulf: Dubai to Mumbai by Train The idea of a train journey between Dubai and Mumbai may seem implausible given the vast expanse of the Arabian Sea…