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FP StaffJun 14, 2023 16:17:09 ISTA recent report from McKinsey Global Institute has stated that generative artificial intelligence is projected to contribute up to $4.4 trillion annually to the global economy. This optimistic forecast highlights the economic impact of this rapidly evolving technology. Generative AI includes chatbots like ChatGPT, Google Bard, which are capable of generating text in response to prompts, and have the potential to significantly increase productivity by automating 60 per cent to 70 per cent…

McKinsey’s report says that generative AI can add $4.4tn to the global economy. Explore now! Generative AI, an advanced form of AI technology, has emerged as a powerful tool with the potential to revolutionize industries and drive substantial economic growth on a global scale. According to a report by McKinsey & Company, generative AI could contribute trillions of dollars to the global economy annually, paving the way for enhanced productivity, efficiency, and innovation. This transformative technology holds immense…

Principal Agent Problem in the Financial Industry. Credit: Universität Regensburg (2023). DOI: 10.5283/epub.54281 As part of the study titled "The impact of commission bans on household wealth: Findings from OECD countries," a team led by Professor Steffen Sebastian, Director at the Center for Finance at the University of Regensburg, investigated the impact of commission bans on the brokerage of financial investments.…

As Walt Disney Co. continues to pitch its 30-year theme park expansion plan to Anaheim, the company released new data on just what’s in it for the city.For every $1 billion Disney invests to redevelop and update Disneyland Resort, the project will generate $253 million annually in economic output, $15 million in tax revenue, and 2,292 jobs, according to an economic analysis the company commissioned from the Woods Center for Economic Analysis & Forecasting at Cal State Fullerton. The analysis also laid out…

The pandemic was a tough time for Footers Catering.  “It was devastating for our company since our whole business is based on in-person gatherings,” says company owners Anthony and April Lambatos, also known as Footers’ coach and head honcho of happiness.  But the company rebounded when the world started reopening, making 2022 a record year.  “Our success came from doubling down on creating a great work environment and putting our team first,” the Lambatoses say. “We have an incredibly talented team that takes a lot of…

Published By: Paras YadavLast Updated: May 02, 2023, 12:17 ISTNew Delhi Airport (Photo: Paras Yadav/ News18.com)Phase 3A expansion work is going on at the Indira Gandhi International Airport (IGIA), which is operated by Delhi International Airport Ltd (DIAL)Amid the government looking to establish the national capital as an international aviation hub, Delhi airport operator DIAL on Monday said the airport’s terminals will be able to handle 100 million passengers per annum once expansion work gets completed this year.In…

Published By: Paras YadavLast Updated: April 12, 2023, 16:37 ISTImage used for Representation. (Photo: IANS)Domestic air passenger traffic remained around 4 percent below the pre-pandemic (FY20) volume of 14.15 croreThe domestic aviation industry continues to witness recovery with air passenger traffic logging around 60 per growth at 13.60 crore in FY23 annually, ICRA said on Wednesday.Despite this, domestic air passenger traffic remained around 4 percent below the pre-pandemic (FY20) volume of 14.15 crore, the credit…

Ford's BlueOval City electric vehicle and battery manufacturing campus in West Tennessee is scheduled to begin production in 2025. It will be home to Ford's second-generation electric truck, code named Project T3, and will be capable of producing 500,000 EV trucks a year at full production.FordFord Motor's new plant being constructed outside Memphis, Tennessee, will be capable of building 500,000 electric vehicles annually at full production, the company said Friday.The first and only product to be announced thus far for…

As per the Equitymaster study, EV stocks in the commercial vehicles space include Tata Motors, Olectra Greentech, JBM Auto, Ashok Leyland, SML Isuzu, Eicher Motors, and M&M.Charging electric vehicles (EV) using public chargers on Britain's streets can cost up to 1,515 pounds ($1,854.51) more annually than for those using a charger at home, according to an analysis of fees by pro-EV campaign group FairCharge. The analysis showed that the average cost to charge an EV on a public network is now up to 1,838 pounds…

Published By: Paras YadavLast Updated: March 16, 2023, 08:58 ISTHero Electric NYX CX5.0 (Photo: Paras Yadav/ News18.com)Hero Electric plans to set up a greenfield plant at Rajasthan with an annual production capacity of 20 lakh unitsHero Electric on Wednesday said it is set to roll out over 10 lakh vehicles annually in the next two to three years from its manufacturing units in India.The company, which launched new versions of its three electric scooter models priced between Rs 85,000 and Rs 1.3 lakh, plans to set up a…