Subsidy Platform
A subsidy is a benefit given to an individual, business, or institution, usually by the government. It can be direct (such as cash payments) or indirect (such as tax breaks). The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given […]
Generative AI’s Evaluation
Everyday we are bombarded with various buzzwords and Generative artificial intelligence (AI) is one of those, but what actually is Generative AI? Generative AI is a type of artificial intelligence technology that can produce various types of content, including text, imagery, audio and synthetic data. Generative AI can learn from existing content to generate new, realistic […]
Selected Economies: Current Account Balance, 2020-23 (Percent of GDP)
International monetary fund (IMF) has recently published its external sector report on Global current account balances. Global current account balances (defined as the sum of absolute values of current account deficits and surpluses) increased for the third consecutive year in 2022 and are projected to narrow in 2023. This widening over the three years reflects […]
Risk is part of our everyday lives and each day we take a number of risks.
As a society or organization, we need to take risks to grow and develop. From energy to infrastructure, supply chains to airport security, hospitals to housing, effectively managed risks help societies and organizations sustainably grow and achieve objectives. In our fast-paced world, the risks we have to manage evolve quickly. Enterprise risk management (ERM) involves […]
Canada’s key interest rate remains at 5%
The Bank of Canada has decided to keep its benchmark interest rate steady at five per cent, the second straight time the central bank has done so and a sign it may be moving to the sidelines after raising the cost of borrowing 10 times since last year. The move was widely expected by economists and investors […]
The Journey To Generative AI
Generative AI is a buzz word that we hear anywhere we go, and has taken everyone by storm. But what really is Generative AI?. Generative AI can learn from existing artifacts to generate new, realistic artifacts that reflect the characteristics of the training data but don’t repeat it. It can produce a variety of novel […]
World bank has recently released its report “The business of the state”.
Businesses with state ownership account for a sizeable share of economic activity. Almost 70 percent of these businesses are operating in industries where the private sector is better suited to deliver more efficiently. The report, The Business of the State, examines 76,000 companies in 91 countries with more than 10 percent government ownership. It shows that the […]
Artificial Intelligence (AI) is making its mark in almost all sectors.
In the health sector, FDA has granted a de novo clearance to an artificial intelligence program capable of reading a standard brain MRI scan and predicting a patient’s chances of progressing from mild cognitive impairment and early memory loss to Alzheimer’s disease and dementia within five years. Described as a virtual microscope, the BrainSee prognostic […]
While majority of the industries are implementing use cases of Artificial Intelligence (AI)
Local Governments also have an opportunity to benefit from this advanced technology. AI deals with the simulation of intelligent behavior in computers; the capability of a machine to imitate intelligent human behavior. It refers to systems capable of performing tasks that historically required human intelligence. These tasks include recognizing speech, making decisions, and identifying patterns. […]
In today’s fast-paced life, TECHNOLOGY has taken the reins of the world and emerged rapidly.
Every year, MIT looks at the promising technologies poised to have a real impact on the world. Here are the advances that MIT thinks matter most right now. 1) AI for everything: We now live in the age of AI. Hundreds of millions of people have interacted directly with generative tools like ChatGPT that produce […]