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Home Blog Page 4149

BAT has arrived.

By
Azeez Lawal
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0

BAT has arrived.

We extend our warmest felicitations to President Bola Ahmed Tinubu.

Based on his inaugural speech, we strongly recommend reviewing the President’s campaign manifesto if you have not done so already. It contains numerous valuable insights (for your investment and business decisions) that reflect the envisioned policies of the new administration.

In this update, we have combined some of his statements from today with his manifesto, revealing a strong sense of conviction by the President.

On Subsidy:

Today, he said: “Fuel subsidy is gone.”

“Subsidy can no longer justify its ever-increasing costs in the wake of drying resources. We shall instead re-channel the funds into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions.”

Manifesto: “We shall phase out the fuel subsidy yet maintain the underlying social contract between government and the people. We do this by dedicating the money that would have been used on the subsidy to fund targeted infrastructural, agricultural and social welfare programs…”

On Agriculture:

Today, President Bola Ahmed said: “Rural incomes shall be secured by commodity exchange boards guaranteeing minimal prices for certain crops and animal products. A nationwide programme for storage and other facilities to reduce spoilage and waste will be undertaken…”

Manifesto: “We shall introduce commodity boards to establish minimum prices for strategic crops such as cashew, cocoa, sesame, soya, cassava, yam, rubber, okra, palm kernels, groundnut and okra.”

 

Other highlights from the manifesto:

Technology: Within his first two years, the President intends to utilize this sector as a primary source of employment for the youth demographic.

Manufacturing: He is open to harnessing regional benefits to optimize the overall prosperity of the nation. In the North West and North East regions, there will be a concentration on textiles in the establishment of new industrial hubs.

The South East and South-South regions will prioritize labor-intensive manufacturing by establishing a new hub and dry port for investment. In the Southwest region, the abundant fine quality sand resources will be utilized to produce the finest quality glass products.

We have condensed the extensive 80-page manifesto for your convenience. Kindly find the complete summary available for download below.

Elon Musk Acquires Major Share on Oracle’s Spare Servers

By
Paul Ugbede Godwin
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2

Elon Musk has bought up a large amount of cloud computing company Oracle’s spare server space for his new AI venture, X.AI Corp. The news was first reported by Twitter Daily News on May 30, 2023, citing sources familiar with the deal. The deal, which is estimated to be worth over $50 billion, is one of the largest in the history of cloud computing.

X.AI Corp is Musk’s latest project to create a “maximum truth-seeking” AI chatbot that tries to understand the nature of the universe and is unlikely to harm humans. Musk has previously revealed that he is working on a large language model (LLM) similar to OpenAI’s ChatGPT. The chatbot, dubbed TruthGPT, is based on a large language model similar to OpenAI’s ChatGPT, but with more advanced features and capabilities.

Elon Musk has been investing heavily in AI research and development, hiring talent from DeepMind and buying thousands of GPUs from NVIDIA to train his chatbot. However, he still needed more computing power and storage to handle the massive amount of data required for his ambitious vision.

That’s where Oracle came in. The cloud computing giant, which competes with Amazon Web Services and Microsoft Azure, had some spare server capacity that it was willing to sell to Musk at a discounted price. Oracle has been struggling to keep up with the demand for its cloud services, especially from startups.

X.AI is a company that Musk registered in Nevada earlier this year. It is reportedly working on a large language model (LLM) similar to OpenAI’s ChatGPT, but with a twist: it aims to create a “maximum truth-seeking” AI that tries to understand the nature of the universe and is unlikely to “annihilate humans” as Musk said in an interview with Tucker Carlson.

To train such an AI, X.AI needs a lot of computing power and data. Musk has already bought around 10,000 GPUs from NVIDIA and poached talent from DeepMind, a subsidiary of Alphabet that specializes in AI research. He also has access to Twitter’s internal data, since he acquired the social media platform earlier this year as part of his X Corp. conglomerate.

Oracle is one of the leading providers of cloud hosting and database management services, with clients ranging from small startups to large corporations. However, Oracle has been struggling to compete with the likes of Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform (GCP) in the fast-growing cloud market. As a result, Oracle has accumulated a lot of unused server capacity that it rents out at a discount to customers who need extra computing power.

One of those customers is apparently Elon Musk, the billionaire entrepreneur and visionary behind Tesla, SpaceX and Neuralink. Musk has recently launched a new company called X.AI Corp, which aims to create a “maximum truth-seeking” AI chatbot that tries to understand the nature of the universe and is unlikely to “annihilate humans” because we are an “interesting part of the universe”.

But how is Musk going to train such a sophisticated AI model that requires massive amounts of computing power and data? The answer lies in his recent purchase of Oracle’s spare server capacity, which he reportedly snapped up earlier this year, leaving many startups scrambling for alternatives.

One of the main reasons why Elon Musk decided to invest in Oracle’s cloud computing services is because he believes that they offer superior performance, security and scalability compared to other providers. He said in an interview that he was impressed by Oracle’s ability to handle complex and data-intensive applications, such as artificial intelligence, machine learning and blockchain. He also praised Oracle’s customer service and support, saying that they were always responsive and helpful.

Why Musk chose Oracle’s cloud computing services is because he has a vision of creating a global network of smart cities powered by Oracle’s technology. He said that he wants to use Oracle’s cloud computing capacity to develop and deploy innovative solutions for urban challenges, such as traffic congestion, pollution, waste management and public safety. He said that he hopes to transform cities into more livable, sustainable and efficient places for people.

Elon’s purchase major chunk of Oracle’s cloud computing capacity is not only a strategic investment, but also a personal passion. He said that he has always been fascinated by technology and its potential to improve the world. He said that he sees Oracle as a partner in his mission to make a positive impact on society and the environment. He said that he is excited to work with Oracle and leverage their cloud computing services to achieve his goals.

Which Is Better? Discount vs Cashback

By
Ndubuisi Ekekwe
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0

Let’s discuss strategy. You manage a ride hailing business in a community. But sales are not moving really fast and you want to get things back to the acceleration lane. Two options here:

#1: Offer a  5% discount to customers.

#2: Offer cashback of 6% to customers to spend on your services.

As a business leader, which one do you think is a better strategy over time, considering customer retention, ability to grow, time value of money, and other factors in business. As you know, you need to consider many factors. In engineering, they say “optimize” which means you want to get the best of everything.  You can read here because Uber just made a decision on this.

Ride-hailing company Uber has dropped its 5% discounts on eligible rides for its Uber One subscription service, as it switches to cashback.

Starting from their next billing cycle, subscribed members will now earn 6% Uber Cash on eligible rides that can be used on Uber and Uber Eats.

This move could pose a challenge to Uber ride bookings as discounts have been a major driver of adoption for the service. Since the company launched Uber One in 2021 for $9.99 per month or $99.99 annually, discounts on rides have been a huge adoption driver.

Comment on Feed

Comment 1: Option 2, offering cashback rewards, seems like a better long-term strategy for several reasons. Firstly, it focuses on customer retention and loyalty, which can result in sustained revenue and growth. By giving customers an incentive to use their cashback rewards within your service, you create a virtuous cycle that keeps them engaged with your business.

Secondly, the time value of money is a crucial consideration. With cashback rewards, customers have an immediate benefit they can use to offset future costs, encouraging them to continue using your services. This approach also aligns with the evolving trends in the ride-hailing industry, where companies are increasingly adopting loyalty programs to drive customer engagement.

Remember, optimizing your strategy involves continuously evaluating and adjusting your approach based on customer feedback, market dynamics, and the changing landscape of the ride-hailing industry.

Comment 2: Delayed cash back will definitely be better so that customers will see it as a loyalty program that they can use or cash out every 30days. With discount there is no built in loyalty mechanism and what the business owner needs is a system that guarantees repeat business. Cash back will do that but discount may not

Comment 3: For new customers – offer discounts ; For existing customers – offer cashback… percentages should factor in competition… my take

My Response: That is a deeper level. That mix is superb. It could be what Uber is doing. They begin with discount and then settle at cashback.

Comment 4: I guess I’m late to the party, but yes, I’ll go for the 6% cash back. These days Uber has Uber eats and I think a delivery feature (or maybe that’s just Bolt), so there are ample reasons for repeat patronage especially given the incentive of 6% cash back on the previous transaction. Discounts alone on the other hand don’t offer as much loyalty and believe me, human nature is elusive; at some point they stop sending the discounts if they can not see a significant slash.

Uber Discontinues 5% Discounts on Eligible Rides For Its Uber One Subscription Service, Switch to Cashback

By
Ojukwu Emmanuel
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0

Ride-hailing company Uber has dropped its 5% discounts on eligible rides for its Uber One subscription service, as it switches to cashback.

Starting from their next billing cycle, subscribed members will now earn 6% Uber Cash on eligible rides that can be used on Uber and Uber Eats.

This move could pose a challenge to Uber ride bookings as discounts have been a major driver of adoption for the service. Since the company launched Uber One in 2021 for $9.99 per month or $99.99 annually, discounts on rides have been a huge adoption driver.

In Uber’s full-year earnings report in 2022, Uber One memberships grew 100% to roughly 12 million members. With the discontinuation of the service, users might not hesitate to drop it, as that maybe what got them hooked up in the first place.

Uber discontinuing its ride discounts also runs counter to its CEO Dara Khosrowshahi’s statement during the company’s first-quarter earnings call in 2023, in which he stated that the goal of Uber One is to give discounts to the best customers to drive frequently.

However, Uber hopes to increase customer retention and bookings among subscribers with the new cash-back offer. The company is also encouraging cross-pollination between ride-hail and delivery within the app and may be shifting its focus from growth to profits by pursuing customer quality over quantity.

Meanwhile, findings already reveal that few users have disclosed that they will go ahead and cancel the service, as they only subscribed for discounted rides. This might see some Uber customers move to its rival Lyft, whose pink membership offers a 5% discount on all rides. Lyft Pink automatically renews every month or year until canceled.

The company’s membership program allows riders to enjoy member-exclusive savings and elevated experiences across Lyft’s transportation network c which connects riders with rideshare, bikes, scooters, car rentals, autonomous and electric vehicles, transit, and more.

Also, Lyft Pink members can ride like VIPs, every time they ride, now for $9.99 per month, or $99 annually. Members get faster pickups at no extra cost with complimentary upgrades to Priority Pickup on Standard Rides. Members also enjoy exclusive savings on Lyft Lux, XL, and Preferred rides; and relaxed ride cancellations.

In addition to rideshare benefits, the Lyft Pink membership offers a variety of other perks. Members can enjoy bike-share, request roadside assistance for their vehicle right from the app, get upgrades on car rentals, and save on food delivery with Grubhub+.

Notably, Uber and Lyft have continued to fight for market share in the ride-hailing market for over a decade now, and have managed to stay afloat while other ride-hailing companies have come and gone. In recent years, to increase its dominance in the industry, Uber has expanded its operations globally and to other forms of delivery and transportation, while Lyft’s services have predominantly focused on ride-sharing and vehicle rentals within the U.S. and Canada.

Uber, in the meantime, has managed to attract and retain more drivers with higher bonuses during a widespread driver shortage.

Fantom price prediction – Tradecurve continues growth run while Elrond plummets

By
TI Partners
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0

Crypto investors need to stay vigilant at all times to earn big in the ever-changing dynamics of the market. Therefore, whales have swarmed the presale of Tradecurve, and its TCRV tokens are selling out at an unprecedented pace.

Experts believe that if investors delay investing in Tradecurve, they can miss out on the opportunity to make their money grow by 100x this year. On the other hand, Fantom (FTM) and Elrond (EGLD) have been suppressed by bears, and their future looks grim.

Multichain Fiasco Scares Fantom (FTM) Community

Recent reports surrounding the Multichain network have caused severe panic among the Fantom (FTM) community. As per the reports, the team of Multichain, with which the Fantom (FTM) network has a financial relationship, is caught up in grave legal issues. The Multichain network has a total value locked (TVL) of about $1.76 billion, 37% of which is constituted by Fantom (FTM).

It indicates Fantom’s (FTM) massive exposure to the Multichain network. According to analysts, if Multichain’s operations get hampered, Fantom (FTM) may also face severe repercussions. The price of Fantom (FTM) has moved southward, following the news. Fantom’s (FTM) market value is down by 27% on the monthly chart, and it is currently trading at $0.33.

Elrond (EGLD) Partners With Opera Browser

The growing ecosystem of Elrond (EGLD), now called MultiversX, has received another push with the project’s new partnership. Elrond (EGLD) has partnered with the crypto browser Opera, where the latter will integrate the former across desktop and mobile platforms. Through this collaboration, Elrond (EGLD) aims to simplify user onboarding and increase its adoption.

Opera users can now seamlessly explore the decentralized internet with Elrond (EGLD) integrated into the browser. But the collaboration has not been able to push Elrond’s (EGLD) price upward. The value of Elrond (EGLD) has nosedived by 16% in the last month. Hence, Elrond (EGLD) is currently trading at $35.84. However, experts believe that the new partnership may start benefiting Elrond (EGLD) in the coming weeks.

Tradecurve Is A Great Investment

The user penetration of cryptocurrencies is expected to clock 12.5% by 2027, and crypto exchanges’ market size is projected to rise with a CAGR of 27.8% by 2030. Hence, there is no doubt that crypto trading will boom in the coming times.

However, several traders have complained in the past that exorbitant transaction fees, and limited transparency of existing crypto exchanges, like ByBit and Kraken, have lessened their profits. Therefore, as soon as the next-gen decentralized crypto exchange, Tradecurve, entered the market, it swept the entire trading industry with its marvelous success.

TCRV token holders will receive bonuses and discounts on their trades. These tokens can also be staked to the platform’s liquidity pool to yield a passive income. The tokens have been deployed on the Ethereum blockchain, with their smart contract fully audited by Cyber Scope. Features like Metaverse trading academy, and the negative balance protection are additional features of the platform.

Tradecurve’s presale has completed stage 2, with a more promising growth rate. The purchase price of the tokens has surged to $0.015 from $0.01 (50% increase). According to analysts, early token owners can get 5000% profit during the presale round, and 100X ROI after its listing on Uniswap.

For more information about TCRV presale tokens:

Website: https://tradecurve.io/

Buy presale: https://app.tradecurve.io/sign-up

Twitter: https://twitter.com/Tradecurveapp

Telegram: https://t.me/tradecurve_official

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