Business

Too much use of ChatGPT gives bosses a bone to pick with workers

Published

2 years ago

Farwa

Despite concerns that have prompted employers like Microsoft and Google to limit its usage, a Reuters/Ipsos poll indicated that many workers across the US are using ChatGPT to assist with basic tasks.

Companies all over the world are debating how to effectively utilise ChatGPT, a chatbot program that uses generative AI to engage consumers in discussions and respond to a variety of cues. However, security groups and businesses have expressed worries that it can lead to leaks of strategy and intellectual property.

People have reportedly used ChatGPT for things like email composition, document summarization, and completing initial research to assist with their daily work.

When asked if they often use ChatGPT at work, 28% of respondents to an online survey on artificial intelligence (AI) conducted between July 11 and July 17 claimed they do.

The credibility interval, a gauge of precision, for the Reuters/Ipsos survey of 2,625 individuals in the US, was roughly 2 percentage points.

25% of individuals surveyed did not know whether their employer allowed the use of the technology, while 10% of those surveyed claimed that their supervisors specifically forbade the use of external AI technologies.

After its November introduction, ChatGPT rose to the position of app with the fastest growth in history. It has sparked both interest and concern, putting OpenAI, the project’s developer, in confrontation with authorities, particularly in Europe, where the firm’s extensive data collection has come under fire from privacy watchdogs.

Business

PEL Ships Transformers to Start US Exports

Published

18 hours ago

Bilal

Through stable and efficient trade regulations, the Special Investment Facilitation Council has helped promote Pakistani industrial exports internationally.

With the first shipment of transformers departing Pakistan for the United States on March 13, 2025, Pak Electron Limited formally started exporting its goods to the United States.

PEL wants to increase its worldwide visibility and investigate new overseas prospects. Under its power and appliances segment, the company produces high-quality goods like transformers and home appliances.

Additionally, PEL has alliances with major global corporations including General Electric, Mitsubishi, and Hitachi.

Business

The FBR has extended the deadline for sales tax returns until March 27.

Published

19 hours ago

Bilal

The Federal Board of Revenue (FBR) extended the deadline for submitting Sales Tax and Federal Excise reports to March 27, 2025, to assist taxpayers.

The FBR has issued an official notification concerning the prolongation, as per reports.

The initial deadline for submitting Sales Tax and Federal Excise reports for the February 2025 tax period, originally set for March 18, 2025, has been extended to March 27, 2025.

The determination has been rendered pursuant to Section 74 of the Sales Tax Act 1990 and Section 43 of the Federal Excise Act 2005.

FBR officials indicated that the extension is intended to alleviate challenges encountered by taxpayers, permitting them to complete their returns within the specified timeframe without inconvenience.

Taxpayers are encouraged to utilize the extended deadline and submit their returns punctually to evade any possible fines.

The FBR regularly extends tax return deadlines to assist the corporate sector and facilitate seamless tax compliance.

Business

Stocks fall as PSX is under selling pressure.

Published

2 days ago

Bilal

The benchmark KSE-100 Index dropped more than 600 points during Monday’s opening trading hours, sending the Pakistan Stock Exchange (PSX) plunging.

The benchmark index had dropped 635 points and was now trading at 117,806.25.

The PSX’s decline was attributed primarily to selling pressure.

Important industries include fertilizer, auto assemblers, refineries, OMCs, and oil and gas exploration firms. Due to widespread selling, index-heavy stocks such as EFERT, INDU, MARI, OGDC, PPL, and PSO saw negative trading.

Remember that throughout the past week, the PSX has been in a bullish trend, reaching historical highs.

This prolonged increase was fueled by hope for a possible staff-level deal for the International Monetary Fund’s (IMF) $1 billion second EFF tranche.