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What is Black Friday and why is it celebrated

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Black Friday

Thanksgiving holiday shopping, which is first celebrated not but its rather a financial crisis—more particularly, the collapse of the United states gold market on September 24, 1869—was the subject of the earliest recorded use of the phrase “Black Friday.”In order to drive the price of the nation’s gold as high as possible and sell it for astounding profits, two infamously cunning Wall Street financiers, Jim Fisk and Jay Gould, collaborated to buy up as much of it as they could.

When the plot eventually came to light on that September Friday, it bankrupted everyone—from Wall Street moguls to farmers—and sent the financial markets into a rapid slide. The day after Thanksgiving, known as Black Friday, has grown to be one of the biggest shopping occasions of the year in US. In order to draw customers into their locations, national chain stores typically provide a limited number of money-saving discounts on a selection of products while also providing comparable offers online.

Why is it called ‘Black Friday’?
As two investors, Jay Gould and Jim Fisk, inflated the price of gold in order to precipitate a market crash in 1869, the phrase “Black Friday” was first used. As a consequence, the stock market fell 20%, foreign trade ceased, and farmers saw a sharp decline in the value of their maize and wheat crops.
The phrase was revived much later and applied to the day among Thanksgiving and the Military game in Philadelphia in the late 1950s and early 1960s. Large throngs of visitors and shoppers would be attracted by the event, necessitating extra time from law enforcement to control traffic.

Black Friday History:
The phrase “Black Friday” was first used by Philadelphia police officers to describe the confusion that occurred when a large number of suburban tourists arrived in the city to start their christmas shopping as well as, in some years, to attend the yearly basis Army-Navy football game on Saturday in the early 1960s. The large crowds caused the police to work longer shifts than normal as they handled with shoplifting, traffic bottlenecks, accidents, and other problems.
Philadelphia quickly became well-known for the expression “Black Friday”. “Big Friday” is the name that is given to the day by city merchants in the effort to make it look alot better.
Black Friday as a term for an increase in retail sales didn’t become widely used until late 1980s, when businesses began to promote the myth of red-to-black profits. According to reports, Black Friday is both the busiest shopping weekend in the US and the day when retail establishments start to earn a profit for year. In reality, the Saturday preceding Christmas was the busiest shopping day for the majority of retailers.

Several shopping holidays have popped up in more recent years to compete with Black Friday, such as Small Business Saturday and Monday, which encourage consumers to purchase online. Offering Tuesday has also become popular to encourage charitable giving.

In the past, Black Friday had a different connotation which had nothing to do with purchasing. Wall Street financiers Jay Gould & Jim Fisk attempted to corner the nation’s gold market in 1869 by buying quite so much gold as they can and at the New York Gold Exchange in an effort to raise prices. The scheme was foiled by President Ulysses S. Grant’s involvement on Friday, September 24. Immediately following the stock market collapse, hundreds of Americans declared bankruptcy.

Another story that gives the custom a particularly vile twist has recently come to light, according to which Southern plantation owners could purchase enslaved labor at a discount on the day following Thanksgiving in the 1800s. Although some have rightfully called for a boycotting of the commercial holiday in response to this story of Black Friday’s origins, this demand is unfounded.

The Evolution of Black Friday
Black Friday has evolved over time from crowded streets and overcrowded stores to fevered crowds squabbling over parking spots and the newest must-have toy. How did Black Friday turn into the maddening, excessive shopping occasion that it is now?
Black Friday was formally recognised as the busiest shopping weekend of the year for the 2000s, at that point. That honour had previously been reserved on the Saturday preceding Christmas. But when more stores began advertising “can’t miss” post-Thanksgiving specials, and as Black Friday deals got bigger and bigger, American shoppers were powerless to resist the allure of this major shopping day.
In 2011, Walmart made the announcement that it would begin selling items on Thanksgiving night rather than opening the doors on Friday morning. Other big-box retailers went into a frenzy after that and rapidly imitated it. Black Friday has grown in size in modern times.

Black Friday vs. Cyber Monday
On the Monday after Thanksgiving, a similar custom known as “Cyber Monday” has developed for internet shops. After the Thanksgiving long weekend, shoppers are expected to return to work eager to start shopping. To compete with the Black Friday deals at brick-and-mortar establishments, online companies frequently announce their promotions and specials before the actual day.
Now a days, Cyber Monday has became a successful in terms of sales among consumers all around the world. Although Black Friday has since 2019 eclipsed Cyber Monday as the busiest internet shopping day of the year, Cyber Monday had previously held that title.
For the first time, and over 100 million consumers made online purchases on Black Friday in 2020, and the proportion of internet-only buyers rose by 44% throughout the course of the holiday season. However, many stores stayed closed on Thanksgiving 2020 due to the COVID-19 epidemic and instead offered Black Friday specials online. According to the NRF, 127.8 million customers made online purchases in 2021 as opposed to 145.4 millions in 2020. Relative to 92.3 million shoppers in 2020, 104.9 million people made in-store purchases in 2021.

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Google Pay is Developing AI-Powered Voice-Activated UPI Payments

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The way we handle digital transactions is on the verge of a major transformation. Millions of Google Pay users are set to benefit from an upcoming AI-powered voice feature that will allow them to make UPI payments simply by speaking. This revolutionary development is expected to launch in the near future, potentially making digital payments more accessible than ever.

Simplifying UPI Transactions With Voice Commands

Sharath Bulusu, the Lead Product Manager for Google Pay in India, has hinted at how this feature will significantly enhance the ease of making digital payments through the app. Although specific details about the functionality remain scarce, this innovation could prove to be a game changer, particularly for individuals who frequently rely on UPI for their transactions.

One of the most promising aspects of this feature is its potential to make digital transactions more inclusive. Many individuals, especially those who are illiterate or unfamiliar with smartphone interfaces, often find online payments challenging. With the introduction of voice commands in Google Pay, users may be able to complete transactions with just spoken instructions, eliminating the need for complex navigation or typing.

The Role of AI and the Bhasini Project

The development of voice-enabled UPI payments aligns with Google’s broader collaboration with the Government of India’s Bhasini AI project. This initiative aims to enable digital services, including financial transactions, in multiple Indian languages. The integration of this AI-powered voice feature could be particularly beneficial in rural areas, where language barriers and digital literacy often pose challenges to financial inclusion.

Beyond convenience, Google is also leveraging artificial intelligence and machine learning to enhance security within the digital payments space. As online fraud and cyber scams continue to rise in India, Google’s AI advancements could serve as a crucial line of defense, ensuring that users remain protected from financial threats.

Google Pay’s Dominance in the UPI Market

In India, UPI transactions are dominated by two major players: Google Pay and PhonePe. As of November 2024, Google Pay holds a substantial 37 percent share of total UPI transactions, while PhonePe leads with 47.8 percent. Together, they control more than 80 percent of the UPI market, making them the go-to platforms for digital payments in the country.

With the introduction of the voice payment feature, Google Pay could see a further increase in its user base. By providing a seamless, hands-free transaction experience, this innovation has the potential to attract new users and strengthen its position in the market.

Is AI-Enabled Voice Payment Necessary?

While AI-powered voice payments promise significant benefits, some questions arise: Is this feature truly necessary? Will it have a meaningful impact on user experience?

For many urban users who are already comfortable with digital payments, voice commands may be more of a convenience than a necessity. However, for those who struggle with typing, navigating apps, or understanding digital interfaces, this feature could be life-changing. Additionally, it may prove useful in scenarios where hands-free access is required such as while driving or multitasking.

That said, security and privacy concerns remain important factors. Google Pay will need to ensure that voice authentication is robust enough to prevent unauthorized transactions and fraud.

Final Thoughts

The upcoming AI-powered voice UPI payment feature in Google Pay marks a significant step toward making digital transactions more accessible and inclusive. By integrating cutting-edge AI with a user-friendly experience, Google is positioning itself at the forefront of innovation in India’s financial technology space.

While the full impact of this feature remains to be seen, its potential to transform digital payments especially for underserved populations is undeniable. As Google continues to refine and develop this technology, users can look forward to a more seamless and secure payment experience in the near future.

Also read: Elon Musk Changes His X Name to ‘Harry Bōlz’: Here’s the Real Reason

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Elon Musk Changes His X Name to ‘Harry Bōlz’: Here’s the Real Reason

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Elon Musk is at it again! The billionaire entrepreneur has changed his X (formerly Twitter) account name to “Harry Bōlz.” This isn’t the first time Musk has done something like this – he previously changed his name on X in April 2023. But why did he do it this time?

The name change comes shortly after reports surfaced that Musk and a group of investors made a $97 billion bid to take control of OpenAI. At the same time, he has been focusing on cutting government spending and reforming federal agencies. This makes the name change even more interesting, as Musk often uses social media to make statements in unexpected ways.

What Does ‘Harry Bōlz’ Mean?

While “Harry Bolz” is the name of a real German artist, it’s more likely that Musk is making a joke. The name sounds like “hairy balls,” a classic example of Musk’s playful and sometimes provocative sense of humor. In fact, back in 2023, Musk joked that he wanted the media to take his name change seriously and write about it.

Musk’s Playful Social Media Strategy

Musk is known for his unusual and sometimes controversial behavior online. He frequently makes jokes, posts memes, and engages in discussions that keep people talking. This name change is just another example of how he blends humor with his public image.

Why Does Musk Do This?

Musk’s unpredictable behavior online isn’t just for fun – it helps him stay in the public eye. Whether he’s making a major business move, like bidding for OpenAI, or simply having fun, his social media antics keep people engaged. Some believe this is part of his larger strategy to maintain an air of unpredictability, making him one of the most talked-about figures in tech and business.

Whether the name change is just a joke or has a deeper meaning, one thing is clear: Elon Musk knows how to get attention. His actions on X continue to spark curiosity, laughter, and debate. Love him or hate him, Musk’s ability to mix business, humor, and disruption keeps the world watching.

Also read: Will GPT-5 Outsmart Us? Sam Altman Thinks It’s a Possibility

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Will GPT-5 Outsmart Us? Sam Altman Thinks It’s a Possibility

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OpenAI’s CEO, Sam Altman, is currently on a tour, following Japan, Korea, and India, and he recently visited Berlin to talk about AI and the future. Throughout his journey, Altman has been sharing his vision for how artificial intelligence will transform our world.

At a panel discussion at TU Berlin titled The Age of AI,” Altman posed a thought-provoking question:

“How many of you think you’re still going to be smarter than GPT-5?”

He added that he doesn’t expect himself to be smarter than GPT-5 and he isn’t upset by this at all. Instead, he sees it as a sign that this next-generation technology will open up amazing opportunities, especially in science and research.

What Can We Expect from GPT-5?

Although there isn’t an official release date yet, recent discussions suggest that GPT-5 could bring several exciting advancements:

  • Enhanced Reasoning and Understanding: GPT-5 might be capable of understanding and solving complex problems more effectively than its predecessors.
  • Boosting Research: With its advanced capabilities, GPT-5 could help scientists tackle challenging questions in fields like medicine, climate change, and technology.
  • Multi-Modal Abilities: The new model may not only excel at processing text but could also handle images, code, and possibly even sound, making it a versatile tool across different applications.
  • Creative Problem Solving: As GPT-5 evolves, we might see it offer innovative solutions that were once unimaginable, pushing the limits of what technology can achieve.

Merging Strengths for a Smarter AI

In addition to GPT-5, OpenAI is working on its o-series reasoning models. For example, the o3 model has already impressed many by achieving breakthrough results on challenging benchmarks like the ARC-AGI test and performing well on assessments such as Humanity’s Last Exam. Altman has hinted that there are plans to eventually integrate the GPT-series with the o-series models. This fusion could lead to the development of a more general AI (AGI) that combines the best of both worlds advanced language skills with robust reasoning capabilities.

How Does GPT-5 Compare to Other AI Innovations?

The advancements expected in GPT-5 could raise the bar for other AI projects as well. For instance:

  • Elon Musk’s Grok: Elon Musk’s own AI initiative, Grok, is another ambitious project in the field. With GPT-5 setting new standards, Grok and similar systems might face increased competition to keep pace.
  • Other Contenders: AI models like Google’s Bard, Anthropic’s Claude, and DeepMind’s projects are all striving to push the boundaries of artificial intelligence. The leap that GPT-5 represents could inspire these competitors to accelerate their innovations even further.
Looking to the Future

Sam Altman’s ongoing tour isn’t just a series of speaking engagements it offers us a glimpse into a future where AI plays a critical role in solving some of humanity’s toughest challenges. With GPT-5 and the integration of various AI models on the horizon, we are stepping into an era where artificial intelligence might surpass human capabilities in many areas. This progress isn’t something to fear; rather, it represents a powerful tool that can help us achieve more, explore new possibilities, and solve long-standing problems.

Stay tuned as we follow Sam Altman’s journey and witness how GPT-5 and other groundbreaking AI technologies continue to shape our world. The future of AI is unfolding right before our eyes, and it promises to be both exciting and transformative.

Also read: Kanye West Says “The Last Of Us Part II” is the Best Game Ever

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Kanye West Says “The Last Of Us Part II” is the Best Game Ever

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Kanye West, the iconic rapper, producer, and fashion mogul, has recently stirred up the gaming world with his latest Instagram post. Known for his bold opinions, Kanye declared that The Last of Us Part II is “by faaaaaaarrrr the best game ever made so far.” and shared a clip of his gaming display. What makes this even more impressive is that Kanye revealed he has logged an astounding 120 hours playing the game on Survivor+ mode.

Deep Dive into Survivor+ Mode

Kanye mentioned playing the game on Survivor+ mode. This challenging mode, known as No Return in the remastered edition of The Last of Us Part II (released January 19, 2024), pushes players to their limits. In this rogue-like survival mode, every encounter is randomized and death means losing all progress—everything from weapons to upgrades. The mode also lets players control multiple characters, including fan favorites like Ellie, Abby, and Dina. Kanye’s deep dive into this intense gameplay highlights his genuine interest and his willingness to embrace tough challenges.

Why Kanye’s Praise Matters

Kanye West has a long history of influencing culture, from music and fashion to technology. His public endorsement of The Last of Us Part II can spark new trends and introduce gaming to audiences who might not have considered it before. His support for Survivor+ mode may encourage more players to try this demanding challenge, as his fans trust his judgment when he speaks passionately about an experience he truly enjoys.

The Growing Influence of The Last of Us Franchise

Kanye’s enthusiasm comes at an exciting time for the franchise. The emotional storytelling of The Last of Us has recently enjoyed a resurgence, thanks in part to HBO’s award-winning adaptation of the first game. Meanwhile, Naughty Dog—the developer behind the series—is not slowing down. With new projects like Intergalactic: The Heretic Prophet on the horizon and the return of Troy Baker, the celebrated voice of Joel, the franchise continues to evolve and capture the public’s attention.

Kanye’s Gaming Journey

This isn’t Kanye’s first brush with gaming. He once teased his own game, Only One, as a tribute inspired by his late mother. Now, his focused gameplay in Survivor+ mode of The Last of Us Part II shows that he’s far more than a casual gamer. His commitment to spending “all day on one board” in this mode underscores a growing trend of celebrities diving deep into immersive, challenging gaming experiences.

  • Celebrity Influence on Gaming Trends: Kanye’s endorsement is not just about one game—it highlights how major cultural figures can bring niche interests into the mainstream.
  • Challenge and Skill: Survivor+ mode is designed for seasoned players who enjoy a high level of strategy and risk, emphasizing the game’s potential to challenge even the best gamers.
  • Cultural Crossover: Kanye’s deep involvement in music, fashion, and now gaming shows how diverse creative fields can intersect, offering new, exciting narratives for both industries.
  • Future of Gaming: With the rise of streaming platforms and increased celebrity engagement, expect more influential figures to shape gaming culture and introduce new audiences to innovative gameplay experiences.

Kanye West’s recent shout-out to The Last of Us Part II not only reinforces the game’s status as a modern masterpiece but also marks an exciting shift where cultural icons actively participate in and shape the gaming landscape. Whether you’re a die-hard fan or a newcomer, this trend is set to redefine the future of gaming.

Also read: Ancient Galaxy Reveals Odd Signal, Raises Questions

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Ancient Galaxy Reveals Odd Signal, Raises Questions

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For decades, astronomers believed that fast radio bursts (FRBs) extremely short but powerful flashes of cosmic radio waves only came from galaxies that were actively forming stars. After all, newly born stars can collapse and become neutron stars with intense magnetic fields, creating the kind of cosmic fury we call FRBs. But new findings have shaken this long-held view, showing that even a galaxy long past its star-forming days can still send out these astonishing signals.

A Strange Discovery

In two recent studies in The Astrophysical Journal Letters, scientists detected an FRB coming from a very old galaxy located billions of light years away. This galaxy is thought to be about 11.3 billion years old a true grandparent by cosmic standards. Astronomers also pinpointed the origin of the FRB (named FRB 20240209A) to be roughly 130,000 light years from the center of the host galaxy.

Here’s the twist: this galaxy is considered “dead,” meaning it no longer forms new stars. Instead, it’s filled with what astronomers call moribund or dying stars that are at the very end of their life cycles. So how did a brilliant, high-energy pulse emerge from such a lifeless region?

Why This Is So Surprising

Most FRBs are believed to be powered by magnetars, which are neutron stars with incredibly powerful magnetic fields. The process usually goes something like this:

  1. A massive star is born in a star-forming region of a galaxy.
  2. The star lives fast and dies young, collapsing into a neutron star when it runs out of fuel.
  3. If conditions are right, the neutron star becomes a magnetar, capable of releasing enormous bursts of energy.

But in an old galaxy that’s not making new stars, where do these neutron stars and magnetars come from? Massive stars don’t form there anymore. They’re basically extinct because all the gas needed for star-making has been used up long ago. That’s precisely why the latest finding has astronomers scratching their heads.

A Not-So-Lonely Outlier

This isn’t the first time astronomers have spotted an FRB in an unexpected corner of a galaxy. In 2022, an FRB was found at the edge of the Messier 81 (M81) galaxy, in a place where no active star formation was happening. That discovery alone challenged the usual story of FRBs, leading scientists to think that other possibilities besides newborn magnetars — might explain these bursts of energy.

The M81 FRB also turned out to be located in a globular cluster a dense, spherical group of very old stars. Could the same thing be happening with FRB 20240209A in its host galaxy? Researchers hope that the James Webb Space Telescope will shed light on this by taking high-resolution images of the FRB’s region, potentially confirming if there’s a globular cluster or some other hidden structure acting as the cosmic culprit.

Galactic Puzzles and Possibilities

So what is really going on in these ancient corners of space? A few theories are on the table:

  1. Unusual Magnetar Formation
    Perhaps a magnetar is created under exotic conditions we don’t yet understand. There could be older stars that somehow form neutron stars in unexpected ways.
  2. Collisions or Mergers
    Sometimes stars in globular clusters or dense environments can collide, merge, or interact, sparking extreme events without needing fresh star formation.
  3. Exotic Compact Objects
    Astronomers speculate about objects like white dwarfs or black holes interacting in ways that mimic the energy outputs of magnetars. While less likely, it’s not impossible.

Regardless of the mechanism, it’s clear we have much to learn. Each new FRB defies easy explanations, turning into a treasure hunt for clues about the universe’s most enigmatic events.

Why It Matters

FRBs are ridiculously energetic. Even though they last mere milliseconds, they can release more energy in that blink of an eye than our Sun emits in an entire year. Unraveling how these bursts form could teach us about extreme physics under conditions we can’t replicate on Earth. It also challenges our assumptions about where high-energy phenomena can appear. If a “dead” galaxy is capable of hosting something as intense as FRB 20240209A, maybe our understanding of galaxy evolution and stellar death needs a closer look.

Looking Ahead

Astronomers plan to continue their search for more FRBs in unexpected places, and powerful observatories like the James Webb Space Telescope will help paint a clearer picture of what’s really happening in these distant galactic neighborhoods. Who knows what other surprises are lurking in corners of space thought to be devoid of fresh star power?

Whether these bursts come from the ghosts of massive stars or some entirely unknown process, each new detection opens a window to phenomena we once believed were impossible. In that sense, these signals from billions of light years away aren’t just blasts of radio waves; they’re cosmic reminders that the universe is infinitely more creative and puzzling than we ever imagined.

Also read: NASA’s Exciting Mission to Unlock the Secrets of the Northern Lights

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