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Showing posts from November, 2023

CHALLENGES OF INDO PACIFIC ECONOMIC FRAMEWORK

 Across the globe we find that there is proliferation of regional cooperation and free trade agreements,  substantially higher than the number of nations that exist today. Amongst them the  idea of Indo Pacific Economic Framework (IPEF)has been mooted by  US president Biden in October 2021 which took shape in the the QUAD meeting held in Tokyo in 2022.Certainly IPEF is an attempt by USA to address it's shrinking economic activities and clout in East Asia where the economic influence of China has been increasing rapidly. It may be noted here that US is not a part of the Mega regional trade Agreements in Asia  like 1.Regional Comprehensive Economic Partnership (RCEP) and 2.The Comprehensive and Progressive Trans Pacific Economic Partnership (CPTPP ).The launch of IPEF with the help some like minded countries other than China comprised of Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand,Philippines, Singapore, Thailand, USA ...

ARTIFICIAL INTELLIGENCE:CAN IT BE DISRUPTIVE?

Artificial Intelligence (AI)  provides a computer program the ability to  think and learn on its own,and becomes a simulation of human intelligence. Generative AI can enable both direct and indirect applications to work structured data. Popular direct applications comprise of leveraging natural language for structured database queries generating various data types like  tabular, historical, graph and time series data with LLM embeddings.Studies have shown that AI  market is growing across the globe at a rapid pace of 54% growth per annum. In a recent interview SpaceX and Tesla founder Elon Musk  with British Prime Minister Sunak observed his apprehensions and concerns that the future of Artificial  Intelligence  ..."we are  seeing the most disruptive force in history here ....We will have for  the first time something that is smarter than the smartest human ".There will come a point where no job is needed. AI would be a force for good, but th...