The Goa Institute of Management (GIM), Sanquelim recently held its annual convocation ceremony wherein certificates were handed over to 480 students spread across five management programmes, who completed their post-graduate diploma in management.
15 medals were awarded to students who made a significant mark in academics as well as extra-curricular activities, while awards were also given to students with best academic performances in the respective programmes.
The chief guest Infosys co-founder and chairman of Axilor Ventures Gopalakrishnan, spoke about the rise of ChatGPT and the transformation which the AI chatbot was about to unleash worldwide. “Artificial intelligence bot ChatGPT’s rapid growth has put to shade social media behemoths like Instagram and TikTok,” he said, while claiming that disruptive technologies will help the Indian economy reach the $10 trillion mark.
He added, “It’s one of the fastest growing apps or tools ever. Within two months after its launch, GPT had 100 million monthly active users in contrast to Instagram which took two and a half years to reach 100 million users,” he said, adding that the chatbot was “evolving faster than any technology introduced or invented by humans to date.”
“We are finding new capabilities every single day. ChatGPT democratised access to artificial intelligence machine learning models and helps with a wide range of tasks such as reading x-rays, essay writing, poetry, summarising information and documents and testing code segments. It shows human-like capabilities, at an amazing speed of response. Clearly this disruption will have a significant impact on every aspect of our life,” said Gopalakrishnan.
He also said that disruptive technologies would transform India’s industrial landscape and help the country to accelerate its Gross Domestic Product.
Director of GIM Ajit Parulekar, who presented the Director’s Report on the institute’s performance for the last academic year, said that with the accreditation by the Association of MBAs (AMBA) from the United Kingdom (UK), GIM had joined an exclusive club of 296 institutions worldwide, which received the prestigious endorsement. After IIMs, GIM is the second institution in the country to be accredited by the Business Graduates Association, a UK-based global membership organisation of Business Schools.
“This year, we received a record-breaking number of applications: 13,320 unique applications as compared to the year prior which was 8,730. This translates to a 53 percent increase in applications across all four full-time PGDM programmes,” he also said.