the us is a little bit further along than us, and rba, our central bank, generally is a lot more conservative and always looks to the us for guidance. what are the key factors driving the current interest rate movements in australia and how do they impact the economic outlook for the year? the economic outlook at this point is looking at a real gdp growth about 2% with inflation sitting at about mid single digit level. with the rate currently most economists expect no rise today and potentially three cuts by the end of this calendar year. our inflation rate, the last report was actually a lot better or undershot our central bank s forecast and hopefully that will be on its way down in the next few prints. how resilient is the australian economy then expected to be? you sound very optimistic about it. what are the key areas of strength but also areas perhaps of vulnerability? the australian economy s holding out well because consumers are still doing quite well, and with the r
In the field, openai, has unveiled its latest chatbot called gpt lio. It has advanced capabilities, including seeing, hearing and talking in similar ways to a person. Our north America Business correspondent erin delmore watched the launch from new york. 20 years ago, the biggest Battle In Tech was over who would win the war for Search Engine dominance. Google took the prize and it isnt nowjust a multitrillion Dollar Company its also a verb. So now, enter the latest fight over who will lead on generative ai. The Start Up Openai took The Tech Sector by storm with its Chatgpt Chatbot in late 2022 that could answer users queries and carry out like human conversation. You are not a Vacuum Cleaner as of monday, we are seeing that conversation happened out loud. The company demoed a chatbot that can field questions and give out answers via voice. Ex hale slowly. In the demonstration, the chatbot was asked to help someone prepare for a presentation by taking calming breaths. That is it. How d