OpenAi’s ChatGPT, the new kid on the AI block, has attracted much attention since its introduction in November. Using the large language model, the technology produces intelligent and informed text in response to prompts, making it useful in many industries when it is accurate. ChatGPT demonstrates plenty of promise but comes with warnings.
The eight-year conflict in Yemen between the government and Houthi rebels that has devastated the population may end due to provisions in the peace agreement reached by Saudi Arabia (which backs the government) and Iran (which supports the rebels). A cessation of fighting would be a major first step in repairing Yemen’s battered economy.
Artificial intelligence through machine learning and deep learning has revolutionised society today, including banking. Adaptive AI is another leap forward, whereby the technology continually learns as the world evolves. As its name suggests, adaptive AI adapts to limitless data, increasing its usefulness in an ever-changing environment.
China’s ascension to prominence as one of the world’s two economic superpowers has been accompanied by its rise in diplomatic intermediation, aided by its extensive Belt and Road Initiative. Its recent successes in the Arab region underscore the global power centre’s shift eastward, not boding well for the petrodollar’s continued dominance.
Ecuador’s Produbanco has mastered the two principal trends transforming the banking industry digitalisation and sustainability and the results are evident in its meteoric growth and rising dominance in the region. As the new era of banking sharply remodels banks, Produbanco serves as an illustration of what a determined bank can achieve.