Digital Economy News


The Battle for Internet Search | Mint Explains | Mint

The video discusses the emergence of chatbots powered by artificial intelligence (AI) and their potential impact on the internet search industry, which has been dominated by Google for over two decades. It highlights the fact that ChatGPT, made by OpenAI, is the leading chatbot in the field, and it can write essays, explain complex concepts, summarize text, and answer trivia questions. Microsoft and Google are developing their chatbots, and Baidu is releasing its chatbot called Ernie in March. However, chatbots face several challenges, such as bias, prejudice, and misinformation, and they must tread carefully around sensitive topics. Chatbots can make money by selling premium versions, showing ads, or charging advertisers for the ability to influence the answers provided. The video raises questions about censorship, objectivity, and the nature of truth and whether chatbots are competitors to search engines or complements to them.

31 Jul 2023

Bessemer sees $200 bn market in online B2B marketplaces in India

Rising internet reach, growth of digital infrastructure, favourable regulatory policies and a conducive cross-border environment are likely to aid the growth in India’s B2B online marketplaces.

1 min read18 Jul 2023

Lobbyists, Guns and Miles: The Fierce Debate Over Credit Card Costs

A proposal to try to lower the fees that merchants pay on credit cards comes at a sensitive political moment for banks—but has also created some very complicated allegiances

4 min read30 Jun 2023

OECD’s two pillar tax approach needs rework to gain acceptance

It must shed complexity and reflect true value creation in the source economy so that the Global South isn’t disadvantaged

1 min read30 May 2023

UPI transactions to account for 90% of retail digital payments by 2026-27: PwC India report

UPI accounted for about 75 per cent of the total transaction volume in the retail segment during 2022-23, said the PwC report

2 min read29 May 2023

India plans action against Google after antitrust breaches

India's antitrust body in October fined Google $275 million in two cases, which involved abusing its dominant position in the Android operating system market, and pushing developers to use its in-app payment system.

2 min read20 May 2023

Online gaming rules provide clarity, will bolster innovation and growth

Critical issues like addiction and user harm will be addressed by these rules

3 min read7 Apr 2023

‘Didn’t get any good plan for NPCI rival’

The Reserve Bank of India has said it didn’t receive any innovative proposal from the industry on creating a rival entity to retail payments umbrella entity NPCI.

1 min read6 Apr 2023

We should harness the emotional energy of India’s DPI

Our successful digital public infrastructure could well be advertised as a giant leap for mankind

4 min read5 Apr 2023

Making sense of the changes in competition law

Parliament has given its approval to the Competition Amendment Bill, 2023, in the ongoing budget session, laying the foundation for more effective oversight. Mint takes a look at what the competition law reforms seek to achieve.

2 min read5 Apr 2023
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