Gold prices in both global and local markets remained stable on Friday, although per tola rates continued to hover at record highs. In the international bullion market, the price of gold per ounce held steady at $3,865 with no change. Similarly, in local bullion markets, the price of gold per tola stayed unchanged at Rs407,778. In line with the global movement, domestic prices followed suit, with gold per 10 grams remaining stable at Rs349,603. Meanwhile, spot gold inched up 0.03% to $3,857.25 per ounce after hitting a record high of $3,896.49 on Thursday. The bullion has gained 2.6% so far this week. Among other precious metals, spot silver climbed 0.6% to $47.24 per ounce, platinum rose 0.5% to $1,576.25, and palladium gained 1.4% to $1,258. 25.
The world changed after the pandemic, and digital transformation sped up. In November 2022, OpenAI released ChatGPT, a popular generative AI tool. It quickly gained over a million users, creating a buzz around AI . Other tools like Alphabet’s Bard and Baidu’s Ernie followed, boosting tech stocks. AI isn’t new, dating back to the fifties with Alan Turing’s ideas. AI chatbots like Eliza emerged in the sixties. By 2010, big tech integrated AI into products, making Google, Meta, Amazon, Uber, LinkedIn, and TikTok iconic with machine learning. Generative AI, using neural networks, differs from traditional AI by creating new content and allowing natural language communication. It has huge productivity implications, especially for startups and small businesses. In the ABC (advertising, brand, communications) ecosystem, generative AI enhances creativity, personalization, and efficiency. However, it’s still in early phases, needing integration into processes beyond simple prompting....