TWENTY-FIVE YEARS AGO, the fear of the Y2K bug had gripped the world and India was no exception. The fear was that computers would crash when the year 1999 ended due to a misunderstanding of how years were stored. Computers were programmed to store two digits for the year, so a year written as 00 could be read as 1900 instead of 2000. It proved to be a false alarm, but 2000 became a turning point for India's IT industry.
Come 2024, and people were quite similarly engrossed with the fear of artificial intelligence (AI). True, the technology has the potential to reshape virtually every aspect of human life. From healthcare and education to manufacturing, logistics, and even entertainment, this emerging technology is revolutionising industries, improving efficiencies, and opening up new possibilities. Then why the fear? This is because it's the first technology in history which has the potential to get out of human control. The debate that dominated conversations during 2024 and will continue to do so in subsequent years is: Is AI a blessing for mankind, or will it turn out to be a Frankenstein? This was best summarised by Prime Minister Narendra Modi when he pointed out that global security will face a big threat if AI-laced weapons were to reach terrorist organisations.
Denne historien er fra December 24, 2024-utgaven av Financial Express Kochi.
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Denne historien er fra December 24, 2024-utgaven av Financial Express Kochi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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A middle-class meltdown
Economic shift, stagnating real income post Covid weigh on spending on daily items
Shyam Benegal cremated with full state honours
VETERAN FILMMAKER SHYAM Benegal, the pioneer of the parallel cinema movement in Indian cinema in the 1970s and 1980s, was cremated on Tuesday with full state honours and a three-gun salute.
Net gains: Secured Virat, cautious Rohit gear up
INDIA GOT A chance to bat in the nets on fresher pitches on Tuesday, their last day of training as Christmas day is a rest day for them.
Champions Trophy: India to play Pakistan on Feb 23
INDIA WILL PLAY all their matches of the Champions Trophy in Dubai with the marquee clash against arch-rivals Pakistan scheduled on February 23, the International Cricket Council (ICC) announced on Tuesday.
Local satellites push draws 30 aspirants
The applicants for IN-SPACe's latest effort in this regard include startups such as Google-backed Pixxel and Baring Private Equity-backed SatSure, as well as larger entities like Tata Group's Tata Advanced Systems.
Labour-intensive exports: Gains likely to be short-lived
India's textile exports saw modest growth in April-November, but this contrasts with a decline in the previous fiscal year. While a weakened rupee presents opportunities for some exporters, particularly ready-made garment producers, the gains may be short-lived due to inflation and other factors.
₹2-cr fine on Deloitte Haskins for Zee audit
In September 2018, the chairman of ZEEL, who is also the promoter of Essel Group of Companies, issued a letter to Yes Bank, and committed ₹200 crore of fixed deposit (FD) of ZEEL as a guarantee for the loans given by the bank to group company Essel Green Mobility.
EAM in US to boost bilateral ties
IN WHAT IS expected to be the first high-level contact between the incoming Trump 2.0 administration and the Indian government in its third term, external affairs Minister S Jaishankar is likely to meet the new Trump team in the US.
Walking into a minefield
Even though she made a very strong pitch that funds will move away from the regulated markets towards crypto and similar assets, if bourses don't move towards instantaneous settlement, neither brokers, nor the exchanges made a real effort to back her.
Economists for FTAs, land & labour reforms
RCEP was signed by the group of countries in November 2020 except India.
