Yellen talks down recession fears, expects US economy to grow

Yellen talks down recession fears, expects US economy to grow

WASHINGTON: US Treasury Secretary Janet Yellen expects the world’s biggest economy will continue to grow, despite heightened recession concerns following recent turmoil in the banking sector. “I continue to anticipate that the US economy will grow, and the labor market will remain strong, and inflation will come down,” Yellen told AFP in an interview Thursday. … Read more

Fact Check: Did Naseem Shah really propose to Indian actress Urvashi Rautela?

Fact Check: Did Naseem Shah really propose to Indian actress Urvashi Rautela? - The Current

Naseem Shah, Pakistani right arm fast bowler, has once again been linked to Bollywood actress Urvashi Rautela.A video went viral on social media recently in which the star cricketer seemingly proposes to Urvashi Rautela, however, the video is fake. The video is heavily edited and merges two clips, presented to mislead the viewer. The video … Read more

Govt increases profit rates on national saving schemes following record policy rate hike

national savings account

In response to increasing policy rates, the Pakistani government has announced significant raises in profit rates for all national savings schemes (NSS) from April 10, 2023. This decision follows the State Bank of Pakistan’s (SBP) considerable increase in the policy rate to a record 21 per cent in its recent Monetary Policy Committee meeting to … Read more

Baidu sues Apple, app developers over fake Ernie bot apps

China's answer to ChatGPT? Baidu unveils Ernie Bot

Chinese search engine giant Baidu, has filed lawsuits against “relevant” app developers and Apple over fake copies of its Ernie bot app available on Apple’s app store. The company’s artificial intelligence powered Ernie bot, launched last month, has been touted as China’s closest answer to the U.S.-developed chatbot ChatGPT. Baidu said it had lodged lawsuits in Beijing Haidian … Read more

Alibaba launches AI model ‘Tongyi Qianwen’ as ChatGPT rival for enterprise testing

alibaba chatgpt rival ai

Alibaba has launched its long-awaited ChatGPT rival, “Tongyi Qianwen,” for enterprise testing. The launch is not open to the general public but is restricted to a few eligible enterprises. Currently, the company is extending invitations to enterprise users only to participate in experience testing. Interested users can submit their applications via the official website, and … Read more