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Alibaba Integrates Its ChatGPT-Style Technology Tongyi Tingwu, Into Meeting And Messaging Apps

By
Ojukwu Emmanuel
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0

E-commerce giant Alibaba has integrated its chatGPT-style AI technology ‘Tongyi Tingwu’, into meeting and messaging apps, to enhance both personal and workplace productivity.

The large language model, or LLM, developed by Alibaba Cloud called Tongyi Qianwen, is now behind the interactions with a new version of the assistant, dubbed Tongyi Tingwu.

The latest version, which analyzes audio and video files and generates text summaries, has now been opened to the public to try. The technology will also be fused into messaging app DingTalk. DingTalk is Alibaba’s digital collaboration workplace and application development platform, supporting users’ AI demands at work.

The integration of AI technology with the meeting assistant is aimed at the increasing number of videos and audio consumed daily.

In addition to improving workplace efficiency, Tongyi Tingwu can also be used across various multimedia platforms, responding to the growing need for faster and easier knowledge sharing in online education, training, interviews, live streaming, podcasts, and short-form videos.

Speaking on the rollout of the technology, CTO of Alibaba Cloud Intelligence Jingren Zhou said,

“We live at a time when a growing amount of video and audio content is being consumed in various formats every day. In line with this, Tongyi Tingwu aims to use the large language model to facilitate faster and better comprehension and easier sharing of multimedia content.

“As we gradually integrate the Tongyi Qianwen model into our products and services, we hope users can reap the benefits from these compelling AI innovations for their work, study, play, and interaction with each other.”

Tongyi Tingwu harnesses the understanding and summarization capabilities of the Tongyi Qianwen large model, making it a powerful tool for transcription, retrieval, and summarization of audio and video content. It assists users in generating accurate transcriptions, organizing interviews, extracting PPTs, and more.

Also, this AI assistant is like a note-taking companion, that is always ready to help users efficiently complete their tasks.

Alibaba said it will release further features for Tongyi Tingwu later this year including real-time translation between English and Chinese for multimedia content. The service will be a plugin for Google’s Chrome web browser.

Tongyi Tingwu looks set to revolutionize traditional business practices. The technology can automate time-consuming functions, as well as make sure organizations stay efficient and up-to-date. The opportunity for organizations and enterprises to benefit from AI services is just about to start.

The rollout of Alibaba’s latest AI-generated technology comes at a time when Chinese technology giants are integrating Al features into their products, to spur growth for their businesses which have been impacted by a slowing domestic economy and stricter regulation from Beijing.

Implications of Removal of Fuel Subsidies on Crypto Industry

By
Paul Ugbede Godwin
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0

Removal of subsidies on fossil fuels can have significant implications for the crypto industry, as it affects the cost and availability of energy for mining and transactions. According to a report by CoinDesk, crypto miner Hive Blockchain sold its Norwegian unit after the country scrapped a tax subsidy on power consumption for crypto mining. The company cited the increased operating costs and reduced profitability as the main reasons for the decision.

On the other hand, some argue that subsidy removal can also create opportunities for innovation and efficiency in the crypto sector. For instance, a study by Rentschler et al. (2016) suggested that compensating low-income households with cash transfers after removing fuel subsidies in Nigeria could reduce poverty and increase social welfare, while also creating incentives for energy conservation and diversification.

Similarly, crypto companies could benefit from exploring alternative sources of energy, such as renewable or off-grid solutions, to reduce their dependence on subsidized fossil fuels. However, subsidy removal also poses significant risks and challenges for the crypto industry, especially in terms of security and regulation. A recent example is the case of Patricia, a Nigerian crypto exchange that suffered massive losses in crypto assets after a security breach in May 2023.

The company blamed the incident on the unstable power supply and frequent blackouts that followed the subsidy removal, which compromised its security systems and exposed its users’ funds to hackers. The incident also raised questions about the legal status and protection of crypto assets in Nigeria, where the central bank has banned financial institutions from dealing with cryptocurrencies.

Some possible implications of subsidy removal on crypto

Higher energy costs for crypto miners, reducing their profitability and competitiveness. Subsidy removal can affect the profitability and sustainability of crypto mining operations, especially in countries where electricity costs are high. For example, Hive Blockchain, a Canadian crypto miner sold its Norwegian unit after the country removed a tax subsidy on power consumption for data centers in 2021.

Increased poverty and inequality due to higher fuel prices, especially in regions with low income and high fuel consumption. Subsidy removal can also have significant distributional, and welfare impacts on consumers and households, especially the poor and vulnerable. For example, Nigeria’s attempted fuel subsidy removal in 2012 caused fuel prices to more than double, leading to strikes and violent protests. A simulation study estimated that an uncompensated subsidy removal could increase the national poverty rate by 3-4% on average.

Subsidy removal can expose crypto assets to greater risks of security breaches and thefts, as hackers may target platforms with lower security standards or weaker regulations. For example, Patricia, a Nigerian crypto exchange, suffered massive losses in crypto assets after a security breach in 2023. Lastly, greater exposure to cyberattacks and security breaches, resulting in losses of crypto assets and trust.

Some crypto advocates argue that the subsidy removal is a deliberate attempt by the government to stifle the growth and innovations, which poses a threat to its monopoly and control over the financial system. They claim that the government is afraid of losing its revenue and influence as more people adopt crypto as an alternative form of money and payment.

Others, however, support the subsidy removal as a necessary and justified measure to address the environmental and social costs of crypto mining, which consumes a large amount of energy and contributes to global warming and pollution. They also point out that the subsidy removal will level the playing field for other sectors and industries that need electricity for their operations, such as manufacturing, agriculture, and health care.

The subsidy removal will likely have a ripple effect on the Nigerian crypto market, as the country accounts for a significant share of the global hash rate and trading volume. The reduced supply and increased cost of mining could lead to a drop in the price and security of some crypto assets which was the case with Patricia, especially those that use proof-of-work consensus mechanisms, such as Bitcoin and Ethereum.

On the other hand, some crypto enthusiasts believe that the subsidy removal will incentivize innovation and adoption of more energy-efficient and decentralized solutions, such as proof-of-stake consensus mechanisms, renewable energy sources, and peer-to-peer networks.

The implication of subsidy removal on crypto is a complex and multifaceted issue that requires careful analysis and evaluation from various perspectives. The policy change will undoubtedly have profound consequences for the crypto industry and society at large, both in the short term and in the long term. It remains to be seen how the crypto community and the government will adapt and respond to this new reality.

Fidelity Downgrades Twitter Value to $8.8 Billion

By
Samuel Nwite
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0

Twitter’s value keeps going down despite Elon Musk’s efforts to make the social media platform profitable. Following its recent evaluation resulting in a markdown of the value of its equity stake in Twitter, Fidelity Investment Fund said the company is now worth just one-third of the $44 billion Musk paid for its acquisition.

Fidelity, which helped Musk to finance his Twitter acquisition, slashed its stakes on Twitter by 56% in December 2022. The investor had valued the stake as being worth $8.63 million in November but has since pared that back twice, most recently valuing it at $6.55 million, per Investopedia. Only 0.16% of Fidelity Blue Chip Growth Fund’s assets in April were in X Holdings.
In March, Musk said in an email to employees – addressing issues of Twitter stock compensation program and the attribution to employees of stock in X Holdings, that Twitter’s value was down to $20 billion.

It’s not clear how Fidelity arrived at its new valuation, which is quite lower than where Musk has placed the social media company last two months. The valuation puts Twitter’s worth at about $8.8 billion, thereby taking about $850 million from Musk’s $187 billion net worth, according to Bloomberg estimates.

Musk put in more than $25 billion to acquire an estimated 79% stake in Twitter last year.
Musk has struggled in his efforts to revamp and diversify Twitter revenue with moves such as monetizing the verification mark. The social media platform has been confronted with many challenges, including a mass exodus of advertisers, following Musk’s takeover late last year.

Twitter has an enormous $13 billion debt to service with meager revenue. The exodus of advertisers, who left due to disagreement with Musk on content moderation, resulted in a 50% revenue decline.

Musk said in March that the company is gradually recovering as advertisers return.

But the advertisers’ return has not been as expected as controversy continues to trail how the platform is being run. Some of the platform’s top users have quit while others are threatening to do so if Musk does not address some of their concerns ranging from hate to cyberbullying.

Musk’s attempt to revive Twitter’s revenue through Twitter Blue subscriptions has also failed to take off great. Many Twitter users whose legacy verifications were removed have refused to pay for subscriptions. At the end of March, less than 1% of Twitter’s monthly users had signed up to Twitter Blue.

Musk recently announced the appointment of Linda Yaccarino as Twitter’s new CEO, but said she will focus primarily on business operations, while he focuses on product design and new technology.

There was not much excitement about the appointment of Yaccarino, a former NBCUniversal advertising executive. Apart from Tesla shareholders, who believe the appointment of Yaccarino will shift Musk’s focus on the electric vehicle company, many others believe that the new CEO will change little or nothing from the way Musk is currently running Twitter.

We will have to wait to see if Yaccarino has what it takes to win the confidence of users and pull the advertisers back. Twitter relies on advertisements for more than 90% of its revenue.

Bitcoin Cash (BCH) Prediction: Uwerx(WERX) And Bitcoin Cash(BCH) Give Some Advances Over The Bear Market

By
TI Partners
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0

The crypto market is indeed filled with thousands of crypto tokens to invest in, but only a select few of these projects have real utilities or values for the long term. What solutions these projects offer and how useful they will be in the long or short term are two key considerations when investing in cryptocurrencies. Uwerx is a new crypto project on presale that perfectly fits into this picture, as it promises to offer more functionality.

This explains why the token is in the limelight and is doing incredible numbers despite market conditions. Similarly, Bitcoin Cash is another crypto token looking promising. Let’s discuss these two as worthy investments to have in your portfolio.

Bitcoin Cash(BCH) Launches Its New Upgrade.

The creators of Bitcoin Cash claim that is is a hard fork of the Bitcoin network, a project that continues to prove its worth in scalability. The hard fork was created following several attempts to optimize Bitcoin for scalability and currently functions as an easy alternative for swift, low-cost, everyday transactions. The network can achieve this through its larger block size limit of 8MB, almost 8 times larger than Bitcoin.

Bitcoin Cash’s native token, BCH, has managed to evade the snowball effect of the bear market over alternative coins. And has been more in the green over the last few weeks. Some of these gains can be attributed to the network’s recent cashToken upgrade, which the network considered necessary for expanding financial access. The BCH token is $115.78 today and has seen heightened market activity over the past few days. Now might be the best time to look into BCH for possible profit potentials. Similarly, Uwerx is making massive waves, and its current presale is an even-greater opportunity to make money.

Uwerx(WERX) Is Disrupting The Gig Economy.

The new Uwerx project is harnessing the potential of blockchain technology to improve operations in the gig economy. With 48% of recent freelancers indicating that they consider this career path a long-term choice, the freelancing community has a promising future. The number of people joining the industry is also expected to peak even more as new freelancers enter the spaces daily.

Uwerx is a new project looking to offer more to both new and existing freelancers, offering them a chance at more success in their field. The Uwerx team has been working to provide the best services to freelancers, ranging from transparency and a myriad of productivity tools to juicy incentives, lesser service fees, and more. Liquidity on Uwerx is locked for 25 years from this moment. Therefore, security and longevity are guaranteed.

Uwerx presents an unprecedented chance to ride the wave of extraordinary growth prospects set for 2023 and beyond. It’s worth noting that the tantalizing glimpse of the Alpha Version has already been shared, and the anticipation for the Beta version is rapidly building.

The imminent shift in the WERX pricing is of particular interest. Friday, 2nd June at 15:00 UTC, the price per WERX is set to rise from $0.0315 to $0.041. Along with this, the current incentive of a 20% bonus on orders is also set to be reduced to 15%.

By embracing this venture now and acquiring WERX at the existing rate of $0.0315, you can also reap the benefits of a generous 20% purchase bonus. This is not just an investment, but an opportunity to be part of something innovative and groundbreaking.

Ensure you don’t let this promising proposition pass you by. Check out the links provided below to gain more insights and become a part of the Uwerx journey today.

 

Find out more about Uwerx here:

 

Website: https://www.uwerx.network

Presale: http://invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

What is USDT and Tradecurve

By
TI Partners
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0

In 2009, the world changed with the emergence of blockchain technology. Thousands of different tokens and coins have been introduced to the market since then. Stablecoins, in particular, have gained widespread attention, with Tether leading the pack. Tradecurve offers an exchange that allows users to trade multiple markets on a single platform and is set to become a favorite for experienced traders and investors.

>>BUY TCRV TOKENS NOW<<

Tether – what you need to know

Tether operates on multiple blockchains, including Ethereum, Tron, and Omni, with most of its circulation issued as an ERC-20 token. Tether has risen to become the most popular stablecoin through its stability and ability to maintain a 1:1 peg to USD. This makes it an optimal choice for traders who want to keep their funds in a stable asset.

Tether Holdings Limited is the company behind USDT and has provided a coin backed by an equivalent amount of USD without the volatility of the crypto market, since 2014. Notably, USDT was impacted by the collapse of TerraUSD but was able to quickly return to over $0.99.

Tether has a market capitalization of over 82 billion USD at the time of writing. Its history has been quite controversial due to concerns about the transparency of reserves and backing, but Tether managed to establish itself as the essential stablecoin by providing stability, liquidity, accessibility, and versatility despite these concerns.

Tether was heavily criticized for its lack of transparency due to the company’s lack of regular audits and centralization.

But so far, Tether has served the market successfully as a stablecoin with the ability to maintain a stable 1:1 peg to the U.S. dollar, and despite surrounding controversy, Tether remains the most popular stablecoin.

A new hybrid exchange with real-world usage

Addressing the needs of the market, Tradecurve offers a next-generation decentralized exchange based on Ethereum and plans to integrate cross-chain compatibility. Introducing a hybrid trading platform that accesses multiple financial markets, users may trade equities, commodities, forex, and cryptocurrencies on a single account. Deposits are in cryptocurrencies and are used as collateral.

Tradecurve aims to fundamentally change online trading with no KYC requirements for registration. By combining traditional financial markets with DeFi, Tradecurve gives users control of their assets and keys on-chain while being completely anonymous. Offering high leverage trading starting at 500:1 presents an opportunity for traders to maximize their profits.

The comprehensive metaverse trading academy addresses everyone with the need for crypto self-development and offers support from a community of skilled traders. TCRV is the native token that powers the ecosystem and holders can take advantage of staking, discounts on trading fees, AI trading bots, and sophisticated trading strategies.

Tradecurve offers significant operational flexibility by merging global asset classes and enabling users to trade on a platform providing deep liquidity, fast execution, and low spreads.

 

Industry experts forecast a 5000% gain for TCRV by the end of the presale and after listing on major CEXes, a possible 100x for the token.

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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