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Apple Opens Its First Store in India, Diversifies Supply Chains Away From China

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Giant tech company Apple has opened its first store in India as it diversifies its supply chains away from China, one of its biggest markets.

The tech company on Tuesday opened its first flagship store in Mumbai, in a much-anticipated launch that highlights the company’s growing aspirations to expand in the country with the hope of turning it into a potential manufacturing hub.

Announcing the launch of Apple’s new store in the Asian country, the company’s CEO Tim Cook posted a photo on his Twitter handle where he posed with several Apple workers. He wrote, “Hello, Mumbai! We can’t wait to welcome our customers to the new Apple BKC tomorrow.”

The recently launched store at Jio World Drive in Mumbai’s Bandra Kurla Complex (BKC), is spread over 20,000 square feet over two levels, about a third the size of Apple’s flagship store in New York but similar to its outlets in London.

Apple claims its Mumbai store is “one of the most energy-efficient” locations in the world and has a dedicated solar energy system and has zero reliance on fossil fuels for the store’s operations. Apple BKC runs on 100% renewable energy, Apple said.

The second store will open in Delhi on Thursday, April 20. The outlet will be smaller at an estimated 8,400 square feet. It is however interesting to note that Apple has been operating in India for more than 25 years, selling its products through authorized retailers and the website it launched a few years ago. But regulatory hurdles and the pandemic delayed its plans to open a flagship store.

The new stores are a clear signal of the company’s commitment to invest in India, its second-largest market where iPhone sales have been ticking up steadily. Apple first began to manufacture its iPhone SE in India in 2017 and has since continued to assemble a number of iPhone models from the country.

Most of Apple’s smartphones and tablets are assembled by contractors with factories in China, but the company started looking at potentially moving some production to Southeast Asia or other places after repeated shutdowns over covid-19 concerns. This forced Apple to temporarily reduce iPhone 14 production because of Covid-19 restrictions at its primary iPhone 14 Pro and iPhone 14 Pro Max assembly plant in Zhengzhou, China.

The tech giant said its assembly plant in Zhengzhou, China is now operating at a significantly reduced capacity. It also warned that following the disruptions, it would ship fewer units and that customers would experience longer wait times when ordering devices.

Analysts stated that following the disruptions in the production of its products in China, Apple realized it needed a backup strategy outside of China, as they do not want to risk another lockdown or any geopolitical rift affecting its business.

Apple’s India push offers the opportunity for the technology giant to boost revenue and iPhone sales near the levels seen in markets like the U.S. and China. The company’s CEO Cook has long viewed India as a key market to Apple’s future and in February he said he was “bullish” on the world’s fifth-largest economy and the company is putting a “significant amount of energy” into the market.

Currently, India makes close to 13 million iPhones every year, up from less than 5 million three e years ago, according to research. This is about 6% of iPhones made globally. The country through its commerce minister Piyush Goyal has assured Apple that the government will give them the needed support they require for the business to blossom.

AI-Powered insights and its impact on the sports industry

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Artificial intelligence (AI) is a topic that has been on everyone’s lips lately. Every industry, from finance to healthcare, seems to be exploring how AI can improve its operations.

One of the main reasons AI has become such a hot topic in recent years is because of technological advancements. Thanks to powerful computers and sophisticated algorithms, machines can now learn from vast amounts of data and make predictions with incredible accuracy. This has led to many exciting possibilities for AI across a variety of industries like sports.

AI applications in sports

The sports industry has rapidly transformed over the past few years, thanks to artificial intelligence or AI. From assisting coaches in making informed decisions to enhancing players’ performance and providing fans with a personalized experience, AI has revolutionized how sports are played and watched.

AI insights for athlete performance

AI is proving to be an invaluable tool for coaches and players alike. One area where AI has significantly impacted is the analysis of player performance. By gathering data on each player’s strengths and weaknesses, coaches can create personalized training routines that help each athlete reach their full potential.

This level of personalization was once only possible with hours of manual tracking and analysis. Now, with AI-powered tools like motion tracking sensors and predictive analytics software, coaches can quickly identify areas that need improvement and develop targeted training plans that address specific skills or techniques. This empowers players to focus their efforts on areas where they need the most help while also boosting overall team performance.

Thanks to technological advancements, coaching has become more data-driven than ever. For example, in 2014, the world of soccer was stunned by the triumph of Germany in the World Cup. However, many people didn’t realize then that their victory was as much a result of cutting-edge data analytics as it was due to their players’ skills. The German national team used big data analysis for several years to optimize player performance and gain an edge over its opponents.

AI insights for fans to enjoy

With the use of AI, the fan experience in sports has reached a whole new level. Gone are the days when fans had to wait for post-game highlights or read about statistics on paper. Today, real-time statistics and highlights are provided during games through apps and websites.

For example, the NBA uses an AI-powered chatbot that can provide real-time updates on games, player statistics, and other relevant information. This chatbot has proven to be a huge success and has helped the league connect with its fans more personally.

Also, betting sites have begun utilizing AI tools to analyze the patterns of their bettors to design better offers and services for them. By analyzing data such as previous bets, wager amounts, and win/loss ratios, AI algorithms can determine each bettor’s individual preferences and tailor promotions specifically for them.

Kansas betting sites use this technology to improve the user experience and increase customer retention rates. Bettors are more likely to continue using a site if they feel that it caters to their personal preferences. If you want to know firsthand how these technologies are applied, you should try these sites taking advantage of Kansas sports betting promo codes.

Furthermore, AI tools can help detect problem gambling behavior early on by tracking unusual betting patterns or sudden changes in behavior. This allows betting sites to intervene before a problem becomes too severe, and they can provide resources for responsible gambling practices.

While some worry about the potential risks associated with artificial intelligence – such as job displacement or even “superintelligence” – others view it as an opportunity for innovation and growth. In the case of sports, AI is proving to be a great ally and a mechanism to take player performance and fan experiences to a new level.

Young People, Are you ready for #Abia? #AbiaIsBetter

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There is a really cool project we will all work together in Abia State. Dr Alex Otti, governor-elect of Abia State, approved it this morning. For this project, everyone is an Abian because Abia is the new world. So, everyone is invited. It is a project that has never happened in the history of Nigeria, and it was conceived based on those comments you dropped on this feed. 

Abia – prosperity through enterprise, and God’s Own State. We’re finalizing the concept note and I want every young person to #believe, and that is why I asked Mr. Governor-elect to approve for young people to lead and drive it.

A man who hired me while in FUTO, nine months to my graduation, and put me in a furnished 3-bedroom flat with a Mercedes-Benz and driver, Chief David Ogba Onuoha, Ugoena Abiriba, is coordinating with me. Graduated on Friday, started work on Monday! He believes in talent and the new Abia is a place where talented people will thrive. 

Are you ready for #Abia? The road to prosperity and opportunity passes through Abia. #AbiaIsBetter

TruthGPT: Musk Admits He’s Developing AI to Challenge OpenAI and Google

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Elon Musk has admitted that his move to develop his own AI company is to challenge OpenAI and Google, who have already rolled out AI-powered chatbots.

The entrepreneur said his motive is to “create a third option” in an industry already being dominated by OpenAI’s ChatGPT. Musk made this known in an interview with Fox News. He said he’s thinking of naming the company “TruthGPT” with the goal of creating a “maximum truth-seeking AI that tries to understand the nature of the universe” and that “hopefully does more good than harm.”

The Twitter CEO helped develop OpenAI, but exited the company in 2018 holding no stock. Amid the frenzy created by ChatGPT, which has triggered global AI race, Musk has been very critical of AI development, warning that it poses existential threat to humanity and could be the end of civilization if it is not regulated. He has also criticized OpenAI for deviating from the original plan to make the venture non-profit.

While Musk’s criticisms appear not to change anything, he has decided to create an AI version that will represent everything he had advocated. But he seems late to the party. Musk acknowledged that he is “starting late” which puts him in significant disadvantage to his rivals.

It is not clear how seriously Musk intends to pursue his plan. But the WSJ reported last week that the world’s second richest man is assembling researchers and engineers to start his AI project.

Musk is making the plans while working to transform Twitter, the microblogging app he acquired late last year. He had vowed to free the social media platform from censorship. He said on Monday that the US secret service had access to all Twitter accounts, including direct messages, under previous management.

Musk’s push to promote free speech on Twitter and his decision to develop TruthGPT, suggest there is a grand plan to make the social media platform part of his AI pursuit.

He said Twitter was working on a feature that would allow users to optionally encrypt their direct messages, and that it’s “hopefully coming out later in the month, but no later than next month.”

Musk has previously said that Twitter should offer Signal-style encryption, which is believed to be a way he intends to make conversation on the platform secure.

“If you are in a conversation you think is sensitive, you can just toggle encryption on and then no one at Twitter can see what you’re talking about,” he said.

But encryption may be in addition to his other plan to make Twitter a payment platform. Musk has merged Twitter with X Corp., a parent company he’d registered to bring his companies under one umbrella, in pursuit of his “everything app” called X.

ChatGPT Continues To Accelerate

Meanwhile, ChatGPT is not waiting to be caught as it now moves into the stock playground, LinkedIn News explains.

ChatGPT has begun to insert itself into the world of finance. Not only was the AI chatbot able to distinguish between “hawkish” or “dovish” statements by the Federal Reserve, it successfully determined whether headlines were good or bad for a particular stock, according to two academic papers. The research also shows that the technology developed by OpenAI can perform these and other tasks without being specifically trained to do so. This so-called zero-shot learning capability already exceeds earlier technologies, experts say. Chegg, an educational software maker, is combining quiz answers with GPT-4 to create a study aide called Cheggmate.

Edekee, A Tekedia Capital Portfolio, in New York for Starta VC Accelerator Program

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Well done Paul Onaodowan and Edekee team for executing the playbook. Tekedia Capital is excited to be an investor in Africa’s leading AI-system for video shopping. New York welcomes the best. Welcome to New York. Welcome to global opportunity. At Tekedia Capital, we’re the bank for entrepreneurial capitalism as we continue to invest millions of dollars to build up the next African economy.

Setting up shop for Edekee at downtown 23rd Street Manhattan New York City USA has been an amazing experience. The hustle and bustle of this cosmopolitan melting pot of a city, with rides on its famous Yellow cabs and it’s Metro trains, having lunch on a boat on the Hudson River, a walk through the famous Wall Street and taking a selfie at Times Square has been truly bizarre. And though the regular grind as a tech Co-founder in Lagos Nigeria was a good prep for this, waking up in “the city that never sleeps” has been, The Experience!

With the help of the prestigious Starta Accelerator, Edekee plans to scale it’s Shoppable video API integrations for third-party streaming services as well as it’s mobile and video streaming app which is already getting the attention of New York’s savvy Gen Z and millennial demographics, Edekee has plans to rock this city.

In the coming weeks, we look forward to, hosting a few events at Columbia University and NYU for early adopters and other techies, sales pitching to fashion brands and entrepreneurs on flea markets, building strategic partnerships with a few streaming services and attending those vital investor meetings.

Self Appraisal:
Plans are being well executed and the bird is off the ground.

Edekee,bridging streaming and E-commerce!

Edekee CEO

 


We’re excited to announce that Edekee has been accepted into the prestigious Starta VC accelerator program! With their support, we’re expanding our AI shoppable video technology operations in the US for B2B streaming platforms and e-commerce platforms, right from our New York office.

But that’s not all – this announcement coincides with the launch of our B2C app, Edekee 2.0. We’re excited to bring our cutting-edge technology to even more users and help revolutionize the way people shop online.

This is a fantastic opportunity for us to connect with experienced mentors and entrepreneurs in NY, and to take our business to the next level. We’re set to make a global impact and change the world with our solution, and we’re inviting investors to join us on this journey.

If you’re interested in learning more about our company and our vision or you are considering investing in our ongoing seed funding round, please don’t hesitate to reach out to Paul Onaodowan. Let’s work together to create a better future.