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Alibaba To Roll Out Tongyi Qianwen, its AI Chatbot, Across All Products

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Alibaba has announced that it will be rolling out Tongyi Qianwen, its AI-powered chatbot that is expected to rival ChatGPT and serve the Chinese people.

Alibaba Cloud made the announcement on Tuesday, marking the Chinese tech giant’s grand entrance into the global AI race.

In a release, the company said Tongyi Qianwen will initially be deployed on DingTalk, Alibaba’s workplace communication software, and Tmall Genie, a provider of smart home appliances.

Alibaba Cloud, the computing unit of the ecommerce giant Alibaba, joined other Chinese companies like Baidu seeking to develop a chatbot similar to OpenAI’s ChatGPT 3. The companies sped up the pace following the frenzy created by ChatGPT 3 late last year.

But unlike OpenAI’s ChatGPT, Alibaba Cloud intends to keep Tongyi Qianwen, which has the capability to speak English and Chinese, for streamlined use for now. The company said at the 2023 Alibaba Cloud Summit that it will be rolling out the artificial intelligence-powered chatbot into all Alibaba products from enterprise communication to e-commerce in the near future.

“We are at a technological watershed moment driven by generative AI and cloud computing, and businesses across all sectors have started to embrace intelligence transformation to stay ahead of the game,” said Daniel Zhang, chairman and CEO of Alibaba Group and CEO of Alibaba Cloud Intelligence, in a statement.

“The new AI model will be integrated across Alibaba’s various businesses to improve user experience in the near future. The company’s customers and developers will have access to the model to create customized AI features in a cost-effective way,” the company said.

Under the chatbot rollout plan, Alibaba Cloud will offer its clients access to Tongyi Qianwen on the cloud and help them build customized large language models.

Also, the chatbot will be fine-tuned with proprietary information and data from clients to reduce resources and costs for these companies. Alibaba Cloud’s enterprise customers in China will be able to access Tongyi Qianwen for beta testing.

“We hope to facilitate businesses from all industries with their intelligence transformation and, ultimately, help boost their business productivity, expand their expertise and capabilities while unlocking more exciting opportunities through innovations,” said Jingren Zhou, CTO of Alibaba Cloud Intelligence, in the release.

The company explained that developers in China can also apply for beta testing of Tongyi Qianwen to create their AI applications at scale. It added that users can expect more compelling AI features such as image understanding and text-to-image to be added to the Tongyi Qianwen model soon.

Baidu announced its chatbot dubbed ‘Ernie’, which has similar capabilities such as literary writing, business copywriting, algebra, Chinese culture, and multi-modal content generation with ChatGPT, in March.

The unavailability of ChatGPT in China has created the need for homemade chatbots that will have government’s backing. The world’s second largest economy is expected to launch more chatbots as the generative AI race heats up.

The Chinese companies are hoping to grab as much share as they can by joining the AI race early enough. But they still face regulatory hurdles from Beijing. For now, American OpenAI, backed by Microsoft, is leading the global AI race.

Bitcoin Soars to $30,000, Highest Price Hit Since June 2022

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One of the most popular traded cryptocurrencies in the market, Bitcoin, has soared to $30,000, its highest price recorded since June 2022.

In the last 30 days, BTC recorded gains of nearly 46%, rising to its highest level in ten months on April 11. Bitcoin’s breakout above stiff resistance at $30,000 comes after a so-called squeeze of the Bollinger Band, which saw historical volatility fall to the lowest since January.

Quantum Economics chief executive officer Mati Greenspan said, “30k is very significant for both technical and fundamental reasons. The resistance has been building up for three weeks straight and has now finally broken.” 

Apart from the increase in price, Bitcoin stocks pulled ahead as well, with Coinbase adding 7.6% in the Monday session, crypto miner Marathon Digital adding 14% and the Grayscale Bitcoin Trust (GBTC) adding 5.7%. The cryptocurrency bulls’ next target will be 31k, where Binance’s order book shows the highest concentration of selling pressure. Buying support is pitched at 29k and US$28,500.

Before hitting its recent price, some analysts had predicted that the cryptocurrency would regain its $30,000 price tag as traders await the United States Consumer price index (CPI) report on April 12, which will give insight into the Federal Reserve’s battle against inflation.

Meanwhile, according to an NYDIG research report, Bitcoin recorded an excellent 71.9% gain and outperformed every other asset class in the first quarter (Q1) of 2023. The recent rise of Bitcoin has been attributed to the worsening economic conditions which may lead to the adoption of a decentralized asset among investors, some opine.

Speaking on Bitcoin’s recent rise, the CEO of the Bitcoin rewards app Lolli, said,

Bitcoin has effectively decoupled from the traditional markets since the start of the year, up over 80% while stocks have slumped. Bitcoin’s strength compared to the traditional market shows that investors are increasingly shifting their capital into Bitcoin, choosing it instead of traditional investments to build their wealth.

The fact that today’s rally did not have a clear catalyst is a bellwether of Bitcoin’s newly bullish market conditions and strong investor confidence. Bitcoin’s ongoing strength suggests that Bitcoin is emerging from the so-called ‘crypto winter’ into a new phase of strength and renewed interest from retail and institutional investors”.

This year, cryptocurrency has been rallying, as Monday night action brought Bitcoin’s year-to-date gains to more than 80%, while Ethereum has also added 60% for the year so far after crossing the $1,900 level before retreating. Price action from the two crypto assets has historically been tracked relatively in line on a percentage basis. The two cryptocurrencies remain somewhat correlated for the time being and macro drivers continue to influence both assets. 

Internal and External Factors Impacting the Success and Failure of Startups and SMEs

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Several factors impact how Startups or small and medium-sized enterprises fare within the first few years of their establishment. While the survival of a business is often analyzed within the lens of cash flow and management structure, it is observed that whether a business thrives or fails is also largely determined by the nature of relationship between its value proposition and implementation as well as its strength of communicating and relating with its stakeholders, internally and externally.

Findings have shown that when there is a gap between a business’ value proposition and implementation, this tends to aggravate internal problems, especially system and process related problems which invariably results in a weak resistance to external threats such as disruptive policies, inflation, insecurity and a sudden pandemic.

For instance, in the wake of the Covid19 pandemic was the global supply chain downtime which largely affected the operations of many companies across the world. It was a period of frantic uncertainty which triggered a lot of diversion and misappropriation of resources among many companies. In that momentary economic stop-gap, only the companies with high financial discipline and loyalty to their business model or those that could improvise resourcefully were able to survive the heat of the period.

Also, remote working which became incumbent during the lockdown at the heat of the pandemic developed so much hassle for many businesses which did not have a well developed workflow, automated system and KPIs.

Furthermore, implementing strategies that only give a lukewarm attention to the human angle of the business is another terrible accident waiting to happen. Analysis reveals that startups which focus on products or solutions while they neglect their human capital and the end users of their products or solutions develop problems with regards to how they can effectively deliver and capture value.

In the midst of crisis and implementing crisis management strategies, companies with strong communication and Public Relation are more likely to survive and come back stronger than their counterparts.

A report on the analyses of customers’ reviews of some Nigerian agritech companies which have been defaulting with investors’ returns reveal that most of the negative sentiments against these companies on Google business and across their social media platforms were due to their inability to effectively communicate their challenges with investors. These companies have low public communication in terms of constant engagement when they have internal/external issues and the impacts of the external challenges on their processes, people, technologies and products.

It is suggested that for companies to continue to attract positive public sentiment while forging through the crisis impacted by microeconomic and macroeconomic forces, they need to be more open and efficient with their communication and engagement with their shareholders and other stakeholders.

SPECIAL REPORT: How to Engage Nigerian Youths Who Support Politicians on Digital Platforms

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With the emergence of the Internet and associated intrusive technologies, in almost all democracies, the era of using physical platforms primarily for political and civic engagement has gone. The world and its people are now ‘dining’ and, at the same time, exchanging words on different digital platforms. Sometimes, the discussions are appealing and useful for the identified needs and problems. On the other hand, some discussions turned sore because participants consciously and unconsciously deployed uncultured words, phrases, and images, among others, to silence each other.

These situations are prevalent in most democracies, particularly in countries with few or no legal restrictions on digital space. According to our observational research, youths are the primary participants who constantly transform any digital platform into a ‘radically discourse negotiated’ terrain. When one considers their expectations in terms of social, economic, and political changes over the years, this behaviour is not surprising. For example, between 2010 and 2022, political leaders in Africa witnessed various forms and dimensions of youth activism. Political leaders in the continent’s north and west, for example, will not quickly forget the massive social and political movements of their youth during the period.

In order to critically engage their political leaders, youths consume news through social media more than they do through traditional media such as print newspapers, radio, and television stations. This, according to our analyst, has been documented in many studies conducted by academics and think tanks. According to our analyst, the consumption of their preferred news via social media is a means of escaping the highly controlled content of traditional media by reporters, editors, and owners.

Therefore, as UNICEF notes, they take pride in creating their own content after reading their preferred socio-political news. “Many youths also engage with digital spaces to develop their civic identities and express their political stance in creative ways, including through videos, memes, and artwork, to claim agency that may not be afforded to them in traditional civic spaces. This dynamic is reimagining the concept of ‘the political’ writ large.”

While it is sometimes convenient to say that the youths are deploying emerging technologies in their own ways to break old political structures that concentrated political engagement and participation in the hands of the elites, it is also important to note that the elites are not leaving any stone unturned when it comes to recruiting some of the youths. Politicians in Africa, for example, have been successful in enlisting some youths as digital image makers. They are succeeding because they are capitalising on some of the socioeconomic challenges that young people face. In this regard, the rise in the unemployment rate has primarily been used as a recruiting tool.

For example, studies conducted by our analyst and his team during the Osun 2018 and 2022 governorship elections revealed the recruitment of youths as data boys and warriors for the purpose of propagating the activities of their paymasters and creating counter- and alternative narratives around the personalities of their leaders. Before, during, and after the elections, both boys and warriors created content that attacked the personalities of opponents of their leaders and people who expressed divergent views about them.

Osun’s example is not quite different from the national elections held in February and March 2023. Our analyst and his colleagues at the Centre for Research on Development of African Media, Governance, and Society and Positive Agenda Nigeria found similar patterns of recruiting the youth. In both studies, it emerged that the recruited youths used what we called the percolated affinity network (PAN) strategy. It is a strategy that helped them employ various features of Twitter and Facebook for constant reinforcement of their messages and ideologies. For instance, when a member creates a post, he or she tags other members and adds one or two members from the opposing group. Basically, they considered blended contexts for engaging and disseminating their messages and ideologies.

After the two elections, our analyst and his team noticed a growth in silencing opposing views by all means, using different strategies and tactics. The recruited boys and warriors want almost everyone to believe that their paymasters lost the elections because of various imbalances in the electoral processes. Whereas some people believe that the processes were fair enough and that there is no democracy in the world that has complete free and fair electoral processes. Since discourses are socially constituted and constructed, these interpretations will continue on various digital platforms. The boys and warriors will continue to use their expectations, social background, and affinity with their leaders to create meaning for voting, collating, and declaring results.

While there are no absolute solutions to the tensions being created on Facebook and Twitter by the boys and warriors, our analyst looks at some of the approaches people can use to critically engage supporters of the three dominant presidential candidates in the 2023 election in this piece.

How to Engage Them

The hallmark of engaging on Facebook, Twitter, and other social networking sites is to express views, and in the course of doing so, we socialise with others by building and sustaining our social capital. However, this experience can be hurtful when one meets people who believe that their views should dominate others. In other words, such people practise what many sociological scholars and philosophers called cultural hegemony or dominance. Therefore, as stated previously, on the Nigerian digital space, one should expect the boys and warriors with the intention of forcing their ideologies and interpretations of the recent general elections onto others.

But there is a solution to that. The solution lies with the encoding and decoding model created by Stuart Hall, a sociologist, several years ago. Hall proposes that audience members can play an active role in decoding messages as they rely on their own social contexts and are capable of changing messages through collective action. Therefore, anyone who consciously or unconsciously comes across the messages of the boys and warriors and also has an interest in engaging them should know that encoding and decoding represent translation for easy understanding of their messages as well as ideologies about the elections.

The first step that the boys and warriors execute is posting messages in different forms. Sometimes, they posted texts without images and texts with images. When they used both, they had different meanings expected to be given to the messages by their audiences. For example, in order to substantiate the poor voting process, they usually added pictures that showed violent places. Where images were not added, they ensured the use of descriptive words and statistics that indicate incorrect imputation of results at some polling units. Simply put, they use various technical elements associated with new media to present and represent what they want you to see and believe.

In this context, they practise what Hall called the dominant or hegemonic code. However, as an active follower or reader, you have negotiation and opposition codes at your disposal to counter their dominant narratives. Though there is a tendency that you will first accept their dominant narratives, the use of the two codes gives you the opportunity to reconstruct their messages and disentangle the inherent ideologies.

Let us use the trending narrative that the presidential election was not free and fair and that the Independent National Electoral Commission rigged the election for the ruling party, the All Progressives Congress (APC). This narrative, if we consider the classification of the boys and warriors according to their political interests and candidates, is being mostly disseminated by the supporters of the Labour Party and its presidential candidate, Mr. Peter Obi. As an active follower or audience member, you first accept it, but not absolutely, especially when you invoke the negotiation code. So, while using the code, you are combining the dominant and oppositional codes, in which you are expected to reconstruct the narrative with supporting evidence, thus partly accepting and denying the narrative.

However, if you don’t want to portray yourself as a passive receiver of the narrative, the oppositional code needs to be used radically. With this, you need to take a position directly opposite to the dominant narrative and its inherent ideologies. In this case, you deconstruct the hegemonic cultural code and reconstruct it as a code of opposition. It means that you refuse to experience the pleasure of recognition and denounce the narrative’s validity.

The same approach could be used to engage ruling party supporters who are spreading different narratives about Mr. Peter Obi, Alhaji Atiku Abubakar, and their political parties.

What Coin Will Give You Most Profit – Uwerx (WERX), Uniswap (UNI), Or  XRP (XRP)?

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Crypto investors constantly shift their focus to new projects because of hype or innovation. Some believe they have found the perfect profit-yielding coin. Let’s take a closer look at a new currency named Uwerx and how it will stack against veterans like Uniswap (UNI) and XRP (XRP) in 2023.

Uwerx (WERX) – A Freelancer’s Dream

The booming freelance industry has skyrocketed in the past years due to the 2020 Coronavirus pandemic. Uwerx plans to combine this industry with the technology behind crypto – a blockchain!

Uwerx will create the first freelancing platform using blockchain technology to recruit, manage, and collaborate with independent freelancers from all over the globe. One might ask, what does the blockchain actually provide? Well, it allows for track records to be stored on the blockchain — meaning no hacking and data loss. This system provides a traceable and unchangeable record for enterprises and freelancers.

Not only that, but users will also see lower fees on Uwerx because it will cut out the third-party escrow service. So if another platform has 20% fees, Uwerx will provide around 5%. Great advantage! The presale price of Uwerx is currently only $0.005, but price hikes are soon to come. With credible analysts forecasting a WERX 8,000% price jump in 2023, now is the perfect time to invest in a possible top 10 coin! Confidence is certainly at a high with InterFi Network and Solidproof approving the audit alongside with the fact that liquidity will be locked in for an additional 25 years. We have also heard through the grapevine, that the creator’s plan to renounce all rights of ownership to the smart contracts. Clearly, the focus here is to ensure peace of mind for all investors who are taking risks with their hard-earned money.

Uniswap (UNI) – Makes Investors Worried

The biggest decentralized exchange created on the Ethereum network is Uniswap (UNI). Individuals can purchase and exchange coins straight through their accounts without the aid of an intermediary through Uniswap (UNI).

Recently, Uniswap (UNI) announced that through a partnership with Moonpay, consumers might purchase cryptocurrencies using credit and debit cards. This news helped propel the social media sentiment around Uniswap (UNI) in the past week. But this still has not been reflected in its price. Uniswap (UNI) is currently worth $5.08, down 3% and 7 % in the past week and month, respectively. This drop has put doubt in investors’ hearts as a bearish trend in the future is possible.

XRP (XRP) – Still In Limbo

The coin called XRP (XRP) operates on the XRP Ledger. Investors can use XRP (XRP) as a way of funding operations on the Ripple (XRP) network or as a form of investment.

Unfortunately, the biggest holder of XRP (XRP) coins, XRP (XRP), has been involved in a lawsuit with the SEC. This trial remains a dark cloud above the XRP (XRP) and XRP (XRP) community. On the other hand, the top 90 BNB (BNB) holders utilized the Ripple (XRP) smart contract the most on December 28th. But, the coin price still has not shown any rise as it is currently trading at $0.3463, which paints XRP (XRP) as a future high-risk asset.

We would recommend investors to check out Uwerx which presents much better short term and long term gains due to the fact that it is a first to market entry and seeks to solve real world problems and is tied to the high growth resilient gig economy. See the links below:

 

Website: www.uwerx.network

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network