In recent years, artificial intelligence (AI) has made significant strides, enabling machines to understand and respond to human language like never before. One of the most remarkable achievements in this field is ChatGPT, an advanced language model developed by OpenAI. With its ability to engage in natural and coherent conversations, ChatGPT has ushered in a new era of human-machine interaction. In this blog post, we will explore the fascinating capabilities of ChatGPT and discuss its diverse range of applications across various industries. he Birth of ChatGPT : ChatGPT, built upon the foundation of the groundbreaking GPT-3.5 architecture, represents the culmination of years of research and development in natural language processing. Trained on vast amounts of text data, ChatGPT has achieved an impressive level of proficiency in understanding and generating human-like text. Its underlying neural network empowers it to comprehend context, generate coherent res
Islamic Banking in India It is banking practiced as per the Islamic principle as prescribed in the shariah known as Fiqh al-Muamalat (Islamic rules on transaction). The Islamic law prohibits interest on both loans and deposits. Interest is also called riba in the Islamic discourse. The argument against interest is that money is not a good and profit should be earned on goods and services only not on control of money itself. But Islam does not deny that capital, as a factor of production deserves to be rewarded. It, however, allows the owners of capital a share in a surplus which is uncertain. It operates on the principle of sharing both profits and risks by the borrower as well as the lender. As such the depositor cannot earn a fixed return in the form of interest as happens in conventional banking. But the banks are permitted to offer incentives such as variable prizes or bonuses in cash or kind on these deposits. The depositor, who in the conventional banking s