Pros & Cons of using AI chatbots like Bard and ChatGPT

Want to know the Pros & Cons of using Artificial intelligence (AI) chatbots like Bard and ChatGPT.

Google Bard vs ChatGPT

• Bard is an AI-powered language model developed by OpenAI, designed to generate high-quality text in response to prompts given by users.
• ChatGPT, on the other hand, is another language model developed by OpenAI that uses the transformer architecture to generate text.

Also Read: Top 50 Ways To Make Money Using ChatGPT in 2023

Here are Pros & Cons of using AI chatbots:

The Pros / Benefits

• Efficiency and Productivity Boost: One of the biggest benefits of AI chatbots is that they can save time and increase efficiency by automating certain tasks, such as customer service inquiries and content creation.
• 24/7 Availability: AI chatbots are available 24/7, so your customers can get the answers they need even outside of business hours.
• Cost Savings: By automating certain tasks, AI chatbots can help reduce labor costs and increase efficiency, leading to cost savings for your business.
• Improved User Experience: AI chatbots can provide personalized and prompt responses to customer inquiries, leading to a better user experience and increased customer satisfaction.

Also Read: How to create and sell “ONLINE COURSE” using ChatGPT?

The Cons / Risks:

• Lack of Empathy and Human Connection: One of the biggest risks of using AI chatbots is that they may lack the empathy and human connection that is so important in customer service and other areas.
• Inaccurate or Misleading Information: If AI chatbots are not properly trained or updated, they may provide inaccurate or misleading information, which can damage your brand's reputation.
• Bias and Discrimination: AI chatbots may perpetuate and amplify existing biases and discrimination if they are trained on biased data.
• Security Concerns: Finally, AI chatbots can pose a security risk if they are not properly secured, as they may store and access sensitive information.

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Also Read: Apple Vision Pro

10 key points for successful Email Marketing

Email marketing is a form of digital marketing that involves sending promotional, informational or transactional emails to a large audience or customers on your email list to aware of new products, discounts and other services. 

Email marketing has become one of the most efficient ways to communicate with customers and promote businesses.

Why Email Marketing is Important?

• Email marketing has become an essential tool for businesses as it allows them to communicate with customers directly. With email marketing, businesses can reach a large audience at a minimal cost. Additionally, email marketing enables businesses to target specific groups of people based on demographics, interests, and other criteria.

Here are the 10 key points for successful Email Marketing:

1. List Building: Building a targeted email list is essential to the success of an email marketing campaign.

2. Targeting: Email marketing enables businesses to target specific audiences with personalized messages and offers.

3. Integration: Integrating email marketing with other digital marketing channels, such as social media and content marketing, can help amplify your message and reach a wider audience.

4. Email Design: A well-designed email with a clear call-to-action and visually appealing design can increase the effectiveness of your campaign.

5. Valuable Content: By creating valuable content, subscribers are more likely to remain engaged and interested in the business.

6. Segmentation: Segmenting your email list allows you to send targeted and relevant messages to specific groups of subscribers.

7. Deliverability: The deliverability of your emails refers to the rate at which they are successfully delivered to the intended recipients.

8. Testing and Measuring Results: It is important to test and measure the results of an email marketing campaign. By analyzing metrics such as open rates, click-through rates, and conversions, businesses can make informed decisions about the effectiveness of their campaigns.

9. Compliance: It is important to comply with email marketing regulations such as CAN-SPAM and GDPR to avoid any legal issues.

10. Analytics: Measuring and analyzing the results of your email campaigns can provide valuable insights into the effectiveness of your strategy.

Conclusion:

• Email marketing is a powerful tool that can help businesses of all sizes communicate with customers and drive revenue. By following best practices and creating valuable and engaging content, businesses can establish a successful email marketing campaign that outranks their competitors. Remember to test and measure results, personalize emails, and follow regulations to ensure the success of your email marketing campaign.

Women's T20 World Cup 2023 Timetable

Women’s T20 World Cup 2023 - All You Need To Know

The eighth edition of the ICC Women’s T20 World Cup 2023 will take place in South Africa from 10 February 2023 TO 26 February 2023.

The tournament starts with host South Africa taking on Sri Lanka in Group 1 in Cape Town. Paarl and Gqeberha are the other two cities that will host matches.

Ahead of the showpiece event, here’s everything that you need to know about the 2023 edition of the Women’s T20 World Cup Timetable, Teams, Groups, Match timings & Streaming details.

Budget 2023 Highlights : Everything you need to know about Union Budget

The Finance Minister Nirmala Sitharaman, made a series of important announcements in the recent Budget 2023. 

Budget 2023 Highlights: Nirmala Sitharaman said that the Indian economy is on the right path and heading towards a bright future. In a big boost for taxpayers and economy, Sitharaman announced major changes in tax slabs under the new tax regime and big hike in allocation for railways and capital expenditure.

Here follows a sector-wise detailed reading of the various measures Finance Minister Sitharaman announced in Budget 2023:

For income tax payers, 

• The new tax regime will become the default option, although individuals still have the option to stick with the old regime. 
• A major highlight of the new tax regime is the exemption of taxes for incomes up to Rs 7.5 lakhs per year, after taking into account the standard deduction. 
• In addition, the highest surcharge rate has been reduced from 37% to 25% under the new tax regime.

For those who opt for the new tax regime, the following tax slabs have been proposed:

• Nil tax for incomes between Rs 0 to 3 lakhs
• 5% tax for incomes between Rs 3 to 6 lakhs
• 10% tax for incomes between Rs 6 to 9 lakhs
• 15% tax for incomes between Rs 9 to 12 lakhs
• 20% tax for incomes between Rs 12 to 15 lakhs
• 30% tax for incomes over Rs 15 lakhs.

Overall, the Budget 2023 provides a clear roadmap for income tax payers and offers several new benefits for those who choose the new tax regime.

• An individual with an annual income of Rs 9 lakhs will only have to pay a tax of Rs 45,000 under the new tax regime. 
• The tax on an annual income of Rs 15 lakhs has been reduced to Rs 1.5 lakhs, which is down from Rs 1.87 lakhs.
• In the new tax regime, a standard deduction of Rs 50,000 has been introduced for taxpayers. 
• The payment received from Agniveer Corpus Fund by Agniveers will be exempt from taxes.
• Insurance policies with a premium over Rs 5 lakhs will no longer be tax-exempt.
• The government has also proposed the introduction of TDS and taxability for online games on the net winnings at the time of withdrawal or at the end of the fiscal year. 
• The tax exemption on leave encashment upon retirement for non-government salaried employees has been increased to Rs 25 lakhs from Rs 3 lakhs. 
• A higher limit of Rs 3 crores has been proposed for TDS on cash withdrawals by co-operative societies.
• To improve the convenience of tax payers, the next-generation Common IT Return Form will be rolled out, and the grievance redressal mechanism will be strengthened. 
• The TDS rate for taxable portions of EPF withdrawal in non-PAN cases will be reduced from 30% to 20%.

What gets cheaper and what's get costlier: Cheaper Mobile phones TV Lab-grown diamonds Shrimp feed Machinery for lithium ion batteries Raw materials for EV industry Costlier: Cigarettes Silver Compounded rubber Imitation Jewellery Articles made from gold bars Imported bicycles and toys Imported kitchen electric chimney Imported luxury cars and EVs Indirect Taxes: 16% tax hike on certain cigarettes New cooperatives that commence manufacturing till March, 2024 to get lower tax rate of 15% Basic customs duty on crude, glycerine reduced to 2.5%. Import duty on silver bars hiked to align it with gold, platinum Extend customs duty cut on imports of parts of mobile phones by 1 year To promote TV manufacturing, customs duty on open cells of TV panels reduced to 2.5% Relief provided on Customs Duty on import of certain parts & inputs like camera lens Concessional duty on lithium-ion cells for batteries extended for another year Number of basic custom duty rates on goods other than textiles and agriculture reduced from 21 to 13. As a result, there are minor changes in taxes on some items toys, bicycles, automobiles. Saving schemes announcements Maximum deposit limit for Senior Citizen Savings Scheme to be enhanced to Rs 30 lakh from Rs 15 lakh Monthly Income Scheme limit doubled to Rs 9 lakh and Rs 15 lakh for joint accounts One-time new saving scheme Mahila Samman Saving Certificate for women to be made available for 2 years up to March 2025. It will offer deposit facility of up to Rs 2 lakh in the name of women or girls for tenure of 2 years at fixed interest rate of 7.5 per cent with partial withdrawal option. Railways gets massive boost: An outlay of Rs 2.4 lakh crore provided for railways in FY24. It's the highest ever highest ever allocation for Railways and is nearly nine times over FY14 allocations. The allocation for track renewal has been increased from Rs 15,388.05 crore in RE 2022-23 to Rs 17,296.84 crore this year. The Railways is likely to roll out 75 Vande Bharat trains by August 2023. Capex hiked 33% Rs 10 lakh crore capital investment, a steep hike of 33 per cent for third year in a row, to enhance growth potential and job creation, crowd-in private investments, and provide a cushion against global headwinds. Effective capital expenditure of centre to be - Rs 13.7 lakh crore Capital investment outlay to be 3.3% of GDP in FY24 Effective capital expenditure of Centre at Rs 13.7 lakh in FY24 New Infrastructure Finance Secretariat established to enhance opportunities for private investment in infrastructure Defence Budget hiked by 13%: Defence budget increased to Rs 5.94 lakh crore from last year's Rs 5.25 lakh crore. Rs 1.62 lakh crore set aside for capital expenditure including purchases of new weapons, aircraft, warships and other military hardware. For 2022-23, the budgetary allocation for capital outlay was Rs 1.52 lakh crore. Capital budget of the Border Roads Organisation increased to Rs 5,000 crore. Capital outlay for the Indian Air Force was the highest at Rs 57,137.09 crore Amount of Rs 52,804 crore was set aside as the capital outlay for the Indian Navy. Capital outlay for the Army has been pegged at Rs 37,241 crore. Allocation to Defence Research Development Organisation (DRDO) has been put at Rs 23,264 crore. Fiscal position: Fiscal Deficit targeted to be below 4.5 per cent by 2025-26. Fiscal deficit target of 6.4% retained in the Revised Estimate for FY23; reduced to 5.9% for FY24 Gross market borrowing seen at Rs 15.43 lakh crore in FY24 Net market borrowing in FY24 seen at Rs 11.8 lakh crore FY23 net tax receipts revised estimate stands at Rs 20.9 lakh crore FY23 total expenditure revised estimate stands at Rs 41.9 lakh crore FY23 revised estimate of total receipts other than borrowing at Rs 24.3 lakh crore FY24 net tax receipts seen at Rs 23.3 lakh crore MSME Revamped credit guarantee for MSMEs to take effect from Apr 1, 2023 with infusion of Rs 9,000 crore in corpus The scheme would enable additional collateral-free guaranteed credit of Rs 2 lakh crore and also reduce the cost of the credit by about 1 per cent. Banking: Govt moots amendments to Banking Regulation Act to improve governance in banks Jobs: Government will launch Pradhan Mantri Kaushal Vikas Yojana 4.0 To skill the youth for international opportunities, 30 Skill India International Centres will be set up across different States. Direct Benefit Transfer under a pan-India National Apprenticeship Promotion Scheme to be rolled out to provide stipend support to 47 lakh youth in three years. Clean Energy: Rs 35,000 crores priority capital for the energy transition Green credit programme will be notified under the Environment Protection Act Battery storage to get viability gap funding. Govt to support setting up of battery energy storage of 4,000 MwH National Green Hydrogen mission with an outlay of Rs 19,700 crore will facilitate the transition of the economy to low carbon intensity, reduce dependence on fossil fuel imports and make the country assume technology and market leadership Gems and Jewellery: To encourage the indigenous production of lab-grown diamonds, a research and development grant is to be provided to one of the IITs for five years Proposal to review customs duty of lab-grown diamonds to be included in Part-B of Budget document Aviation & Highways: 50 additional airports, helipods, water aero drones, advanced landing grounds will be revived to improve regional air connectivity. Union Budget 2023-24 allocates enhanced outlay of Rs 2.70 lakh crore for the highways sector. Allocation to NHAI increased by 13.90 per cent to Rs 1.62 lakh crore for 2023-24. Ease of Doing Business: Govt to bring another dispute resolution scheme Vivad Se Vishwas-2 to settle commercial disputes PAN as common identifier for all digital systems of govt agencies One stop solution for reconciliation and updating identity maintained by various agencies to be established using digi locker and Aadhaar as foundational identity Central Processing Centre to be set up for faster response to companies filing forms under Companies Act For business establishments required to have Permanent Account Number, the PAN will be used as a common identifier for all Digital Systems of specified government agencies. More than 39,000 compliances have been reduced and over 3,400 legal provisions decriminalised to enhancing ease of doing business Jan Vishwas Bill to amend 42 Central Acts have been introduced to further trust-based governance. Finance Minister announces multiple measures to enhance business activity in GIFT City Digital services Scope of services in DigiLocker to be expanded 100 labs for developing applications to use 5G services to be set up in engineering institutions Labs will cover smart classrooms, precision farming, and healthcare applications. Phase 3 of E-courts projects to be launched with outlay of Rs 7,000 crore Leading industry players will partner to developing, providing scalable options for health, agri and other sectors Urban Development: Govt to spend Rs 10,000 crore per year for urban infra development fund Cities to be incentivised to improve creditworthiness for municipal bonds All cities and towns will be enabled for 100 per cent transition of sewers and septic tanks. Health: Health sector has been allocated Rs 89,155 crore in the Union Budget Mission to eliminate sickle cell anaemia by 2047 A new programme for research in pharmaceuticals will be formulated and the industry will be encouraged to invest in research. Out of Rs 89,155 crore, Rs 86,175 crore has been allocated to the Department of Health and Family Welfare, while Rs 2,980 crore to the Department of Health Research. Budget allocation for the Pradhan Mantri Swasthya Suraksha Yojana for 2023-2024 is Rs 3,365 crore. Among these central sector schemes, the budget allocation for the National Health Mission has been increased from Rs 28,974.29 crore. Budget allocation for the AYUSH ministry has been increased from Rs 2,845.75 crore. The allocation for the National Digital Health Mission – NHM has been increased from Rs 140 crore to Rs 341.02 crore. For the National Tele Mental Health Programme, the budget allocation has been increased from Rs 121 crore to Rs 133.73 crore. The budget allocation for autonomous bodies goes up from Rs 10,348.17 crore in 2022-23 to Rs 17,322.55 crore in 2023-24. The allocation for ICMR has been increased from Rs 2,116.73 crore to Rs 2,359.58 crore. Housing: Outlay for PM Awaas Yojana enhanced 66% to over Rs 79,000 crore Interest-free loan to states to continue Centre to continue 50-year interest-free loan to state governments for one more year. Digital Library for Children, Adolescents Will Be Set Up: National Digital library will be set up for children and adolescents National Book Trust, Children’s Book Trust to replenish non-curricular titles in regional languages, English to digital libraries. States to be encouraged to set up physical libraries for them at panchayat and ward levels and provide infrastructure for accessing the National Digital Library resources Education: Three centres of excellence for artificial intelligence to be set up in top educational institutions. 157 new nursing colleges will be established in colocation with the existing 157 medical colleges established since 2014. Eklavaya Model Residential Schools to be set up in the next 3 years. The Centre will recruit 38,800 teachers and support staff for 740 schools serving 3.5 lakh tribal students. National Data Governance Policy to be brought out to unleash innovation and research by start-ups and academia. Grant for University Grants Commission (UGC) has been increased by Rs 459 crores (9.37 pc). Central Universities have been increased by 17.66%, Deemed University by 27%, support to IITs have been increased by 14%, and to NITs by 10.5% as compared to BE 2022-23. Agriculture: An Agriculture Accelerator Fund will be set up to encourage agri-startups by young entrepreneurs Digital public infrastructure to be developed for the agriculture sector Rs 20 lakh crore agricultural credit targeted at animal husbandry, dairy and fisheries Over the next 3 years, one crore farmers will get assistance to adopt natural farming. 10,000 bio input resource centres will be set up Fisheries:To launch sub-scheme under PM Mastya Sampada Yojna with outlay of Rs 6,000 crore to further enable activities of fishermen To make India a global hub for 'Shree Anna', the Indian Institute of Millet Research, Hyderabad will be supported as the Centre of Excellence for sharing best practices, research and technologies at the international level. Rs 2,516 crore for Computerisation of 63,000 credit societies In drought-prone central regions of Karnataka, central assistance of Rs 5,300 crore to be given to upper Badra project to provide sustainable micro-irrigation. 500 new ‘waste to wealth’ plants under GOBARdhan (Galvanizing Organic Bio-Agro Resources Dhan) scheme to be established for promoting circular economy at total investment of Rs 10,000 crore. 5 per cent compressed biogas mandate to be introduced for all organizations marketing natural and bio gas. Tribal Welfare: Pradhan Mantri Primitive Vulnerable Tribal Group (PMPVTGS) mission is been launched to improve socio-economic condition on PMPVTGS Tribals to get Rs 15,000 crore over next three years for safe housing, sanitation, drinking water, and electricity. Space: Rs 12,544 crore allocated to the Department of Space. IN-Space receives Rs 95 crore allocation against Rs 21 crore in the Revised Estimate. A large portion of the allocation, Rs 53 crore, has been earmarked for capital expenditure for INSPACe. Physical Research Laboratory has received an allocation of Rs 408.69 crore. Sports: Sports gets an allocation of Rs 3,397.32 crore, an increase of Rs 723.97 crore. The Rs 3,397.32 crore is the highest sports budget allocation ever in the country.  'Khelo India' has been allotted Rs 1,045 crore. Sports Authority of India gets Rs 785.52 crore for 2023-24. National Sports Federations receives a hike of Rs 325 crore. Seven priorities of the Budget, 'Saptarishi': Inclusive development. Reaching the last mile. Infrastructure and investment. Unleashing the potential. Green growth. Youth power. Financial sector. Aims of Budget 2023 to include: Facilitating ample opportunities for citizens, especially youth Providing strong impetus to growth and job creation Strengthening macro-economic stability To aim for the empowerment of women in Budget 2023 To enable women self-help groups to reach next stage of economic empowerment To help self-help groups with raw material supply, branding, marketing of products Tourism: Promotion of tourism will be taken up on mission mode with active participation of states, the convergence of Govt programs & public-private partnerships. 50 tourist destinations will be selected through challenge mode to be developed as a whole package for domestic and international tourism States will be encouraged to set a ‘Unity Mall’ in State capital or the most popular tourist destination in the state for the promotion and sale of ‘One District, One product’ and GI products and other handicraft The country offers immense attraction for domestic as well as foreign tourists. There is a large potential to be tapped in tourism. The sector holds huge opportunities for jobs and entrepreneurship for youth in particular. Tourism infrastructure and amenities to be facilitated in border villages through the Vibrant Villages Programme. PM Vishwa Karma Kaushal Samman: PM Vishwa Karma Kaushal Samman-package of assistance for traditional artisans and craftspeople has been conceptualised, will enable them to improve quality, scale & reach of their products, integrating with MSME value chain Free food scheme to continue till 2024: Continuing our commitment to food security, we’re implementing from January 1, 2023, a scheme to supply free food grain to all Antyodaya and priority households for one year under PM Garib Kalyan Ann Yojana During the COVID pandemic, we ensured that nobody goes to bed hungry with a scheme to supply free foodgrains to over 80 crore persons for 28 months. Our vision for the Amrit Kaal includes a technology-driven and knowledge-based economy, with strong public finances and a robust financial sector. To achieve this 'janbhagidari' through 'sabka saath, sabka prayaas' is essential, FM said. India’s rising global profile is because of several accomplishments - Aadhaar, Cowin, UPI have contributed to improving India’s global profile. During pandemic, the government ensured no one went to bed hungry, says Finance Minister Govt's efforts since 2014 have ensured for all citizens, a better quality of life and life of dignity. The per capita income has more than doubled to Rs 1.97 lakh. In these 9 years, the Indian economy has increased in size from being 10th to 5th largest in the world: Sitharaman Economy has become a lot more formalised as reflected by doubling of EPFO membership This is the first Budget in Amritkall, says Finance Minister Niramala Sitharaman. Indian economy on the right track, and heading towards a bright future. Indian economy has increased in size from being 10th to 5th largest in last nine year. The world has recognized India as a bright star, our growth for current year is estimated at 7%, this is the highest among all major economies, in spite of massive global slowdown caused by pandemic and the war In these times of global challenges, India’s G20 presidency gives us a unique opportunity to strengthen India’s role in the world economic order: Finance Minister Nirmala Sitharaman", Source: Economic Times