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Baidu Shares Surge Following Announcement to Launch AI Chatbot

By
Ojukwu Emmanuel
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0

Chinese multinational tech company Baidu has seen its shares rise, following the announcement to launch its artificial intelligence chatbot.

The company’s shares rose to 13.48% higher on Asia’s morning trade, while its stock rose to $159.80 Hong Kong dollars per share.

The company had recently confirmed that it is internally testing an AI chatbot called “Ernie Bot” which it plans to roll out in March after testing. Ernie stands for “Enhanced Representation through Knowledge Integration,” Baidu said, describing it as a “large language model” that was introduced in 2019.

“What distinguishes ERNIE from other language models is its integration of extensive knowledge with massive data, resulting in exceptional understanding and generation capabilities.

“It has since evolved into a series of advanced big models that are capable of handling a wide range of tasks, such as language understanding, language generation, and text-to-image generation”, the company added.

While Ernie Bot’s language capabilities have received great feedback, it has raised a debate if it will be able to equal ChatGPT’s success, only time will tell.

Sources familiar with the development disclosed that the AI tool will be incorporated into Baidu’s main Internet search services, as the combination will allow users to get conversation-style search results much like Open AI’s popular platform ChatGPT.

Baidu has reportedly spent billions of dollars researching AI, following its efforts over the past years to transition from online marketing to deeper technology. The Chinese tech giant advances in AI so far include a booming autonomous ride-hailing arm that completed hundreds of thousands of rides in China last year, including offering the first fully driverless services in the country.

Managing director of Wedbush Securities, Daniel Ives revealed that Baidu’s AI investments can be seen as “both an offensive and defensive strategic move in China, noting that “Chinese Big Tech is battling in this AI race, with Baidu being a key player.

Baidu joins the likes of other tech companies such as Google and Microsoft that want to advance their platform through the infusion of an AI chatbot which is currently the rave of the moment.

Ever since the launch of ChaptGPT last November, it has put pressure on several tech companies which are currently developing a chatbot similar to that of ChatGPT.

The arrival of the Chatbot has shaken tech giant Google out of its routine, with the founders of the company who left three years ago, re-engaging and holding several meetings to respond to OpenAI chatbot ChatGPT, which has seen more than 20 A.I. projects in the works.

This has seen Google currently in works to launch “Bard’, a new conversational AI chatbot, aimed at challenging OpenAI’s ChatGPT, backed by Microsoft.

Binance Temporarily Suspends USD Bank Transfer on Crypto Payment

By
Paul Ugbede Godwin
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0

Crypto Exchange, Binance, recently announced it will temporarily suspend all USD bank transfers on Crypto payment on its platform. This is coming after New York’s Signature Bank provider of the SWIFT NETWORK implemented a $100,000 minimum deposit limit on Crypto transfer using the Swift Payment System.

It’s interesting to see the trend evolving in 2023. I presumably think the general consensus for most banks will be to join in— there is too much potential in Crypto / Web3 for the majority not to see it as a significant source of positive change.

Top Centralized Exchanges like Coinbase, MEXC Global, Huobi, alongside Binance had partnered with various banks to help create payment processors for executing crypto fiat payments.

Binance noted that “only a small proportion of our users will be impacted by this and we are working hard to restart the service as soon as possible. All other methods of buying and selling crypto remain unaffected”.

Changpeng Zhao, Binance CEO tweeted on microblogging platform Twitter that,

It is worth noting that USD bank transfers are leveraged by only 0.01% of our monthly active users. However, we appreciate that this is still a bad user experience and the team is working on quickly resolving this issue. While some banks withdrawing support for crypto, other banks are moving in. Some setbacks were expected from last year’s incidents. Long term, keep building.

With this new development, Binance users in the United States of America will have to process crypto transfer using the other available channels, this will somewhat impact institutional funding, mostly Futures traders and Arbitrage flippers will have to navigate through other alternatives in depositing funds on Binance. However, Binance.US noted that its U.S. customers can safely and securely withdraw and deposit USD on the platform via ACH transfer.

Penzmalac a Binance user posted on Binance Forum; “For me, funding my Binance account by USD bank transfer has always been the #1 choice. No fees, no transaction timeouts, no errors. I would be very happy for a solution here”.

The SWIFT Network is a protocol used by banks for cross border transactions. This will affect Crypto Exchanges, but Cryptocurrency Users can still buy and sell crypto on exchanges and send crypto anywhere in the world on their respective Blockchains.

XDC Network (XDC) and THORchain (RUNE) Consolidation Continues; Flasko (FLSK) Keeps Attracting New Whales As Its Price Pumps

By
TI Partners
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0

There are as many as thousands of cryptocurrencies that investors can choose from for investment, making it pretty hard to predict the token that would provide huge gains. But, with proper research and examination of fundamentals, you can make the right choice.

On the big news, Flasko keeps attracting new whales as its price pumps while XDC Network (XDC) and THORchain (RUNE) keep consolidating.

THORchain (RUNE) investors seek alternative investments like Flasko (FLSK)

Most technical indicators of the THORchain (RUNE) token favor a bearish trend, with the token trading at $1.30 after losing $4.2 over the last day. THORchain (RUNE) is a decentralized protocol allowing users to easily exchange digital assets without losing full custody. With THORchain (RUNE), people can easily swap an asset for another without needing an order book that provides liquidity.

THORchain (RUNE) has an ROI of around 4,000%, and analysts predict that it could increase in the future. Recently, the RUNE token integrated with Trust Wallet, but it has seen a 93.6% drop from its all-time high. Price reversals might be expected, but market analysts believe that it could take a long time to get back to its peak price level.

A look at the technical chart of THORchain (RUNE) token shows a consolidation trend in its price. A further look at its weekly chart shows a continuous downtrend after losing 2.3% over the past week. Analysts predict that an upside might be expected close to the $2 price level and a bounce back at the $1 price level. Currently, THORchain (RUNE) is trading within the 50 to 100 DMA, and if it crosses the 100 DMA level, investors might expect a strong upside momentum in the coming weeks.

XDC Network (XDC) Experiences A Downtrend After A Recent Uptrend

Some weeks back, the value of the XDC Network (XDC) token rose after it was announced that there would be an integration with STASIS, the issuer of one of the largest euro-backed stable coins, to let the EURS stablecoin on the XDC network.

During this time, XDC Network (XDC) rose, as witnessed in the 11.7% price increase in the past 30 days. XDC Network (XDC) is pegged at $0.025 after a 2.7% price decrease over the past day. A look at the past seven days shows the token lost 3.5% of its value, and analysts believe that in the coming months, the price of XDC Network (XDC) will start consolidating, which would lead to a price hike.

Flasko (FLSK) Price Increasing As Whales Are Attracted To Presales

Flasko will let investors fractionally and fully invest in NFTs tied to real-world luxury whines, whiskeys, and champagnes. Flasko aims to be the first alternative investment platform allowing investors to partake in the alternative industry. When a user buys a full NFT, they can get the product delivered to the location of their choice.

Additionally, Flasko will collaborate with luxury jewelry stores to ensure that the products are brought to the market while allowing investors to enjoy discounts and first access to products. Regarding security, Flasko has been audited by Solid Proof, and its liquidity will be locked for 33 years.

Flasko is still in its second stage of presale and goes for a price of $0.185, and analysts predict Flasko to surpass XDC Network (XDC) and THORchain (RUNE) by mid-2023. Savvy investors know that investing in a future blue-chip cryptocurrency like Flasko is the best way to profit.

We believe that Flasko is a promising investment for any portfolio. You can check it out below.

 

Website: https://flasko.io

Presale: https://presale.flasko.io

Telegram: https://t.me/flaskoio

Twitter: https://twitter.com/flasko_io

Rodarmor ‘Ordinals’ Bitcoin NFTs Spark Trading Volumes on the Bitcoin Network

By
Paul Ugbede Godwin
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0

Recently Bitcoin NFTs are creating a massive buzz on Crypto and NFT Twitter, Ordinals Bitcoin NFTS are inscriptions on the Satoshi script that can be collected and traded. The principle is probably to use the technology of “Ordinal Theory” to inscribe the picture information on the smallest unit of Bitcoin (satoshi).

The transfer requires a full node, so it is still in a very primitive stage. It’s still relatively new as it just crossed 10k Ordinals created. Satoshis, not bitcoin, are the atomic, native currency of the Bitcoin network. 1 BTC can be subdivided into 100,000,000 Satoshis.

Ordinal Bitcoin NFTs were created not so long ago by renowned Blockchain Developer Rodarmor. Currently, there are no secondary marketplaces for Ordinals BTC NFTs and all trading activities are done over the counter (I.e, send money to owner, owner sends ordinal). Creators have been acting as middlemen in processing transactions. The relatively popular Ordinal Punk has risen from the Mint price of 0.01? to 2? transaction price.

A successful ecosystem of Ordinals Bitcoin NFTs means:

Miners make more money

Security budget increases

Bitcoin devs become in-demand

Bitcoin podcasters get new sponsors

Speculators on-board to bitcoin/lightning wallets.

Will Ordinals BTC NFTs be scalable for centralized NFT exchanges like Opensea, or Web3 native Looksrare, trading them efficiently without hinge or Bitcoin wallets like Ledger or others showing them like NFT’s on Ethereum magnet. Certainly a marketplace will be out in 1-2 weeks that will be actually decentralized so you don’t have your NFT blocked for selling on Opensea.

Apparently, there is a GitHub application on a DEX built by Nostr for Offer Files nostr-dex.vercel.app on Chia project but the same concept can be done in Bitcoin of course since they’re both UTXO/coin set model).

Trevor.BTC, CEO NinjaAlerts wrote on Twitter;

The first ever gas war on Bitcoin is happening right now as the global NFT community rushes to inscribe the final 1,000 of the first 10,000 Ordinals ever made, It’s a historic moment. BTC Ordinals opened the Overton Window for Bitcoin liquidity to participate in supporting artists and culture. If more than 45% of Bitcoiner holders take an interest in it, BTC Ordinals will be bigger than ETH NFTs. This doesn’t even count supply constraints of Ordinals. This also assumed 100% of ETH holders participate in ETH NFTs, which isn’t even the case.

Tropo Farmer, Co-Owner of the Bloot Project and Yugalabs Maxi wrote “To say I’m impressed with Rodarmor would be a gross understatement. He may not be familiar with the Ethereum NFT scene, but wow does he understand the importance and value of art and fun on the blockchain. If he’s packing like Vitalik it’s over.”

Right now people are trading Bitcoin NFTs for five figures using nothing more than Discord DMs and spreadsheets. I haven’t experienced this kind of true degeneracy since early Top Shot and I love it.

Google CEO Implores Employees to Give All to Test “Bard”, Its ChatGPT Rival

By
Ojukwu Emmanuel
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0

CEO of Google Sundar Pichar in a company-wide memo implored employees to put all hands on deck to test “Bard”, its new ChatGPT rival.

The memo is coming a day after the tech giant announced the plan to launch its artificial intelligence Chatbot technology which will be rolled out in the coming weeks.

The technology is powered by Google’s large language model LaMDA or language model for dialogue applications which the CEO disclosed that the company would soon begin enlisting developers and enterprises to test an API based on the same underlying LaMDA technology.

In an email sent to employees, he wrote,

“Next week, we’ll be enlisting every Googler to help shape Bard and contribute through a special company-wide dog food.

(”Dogfood” is a colloquial expression that describes a company using its products or services for its internal operations”).

“We’re looking forward to getting all of your feedback in the spirit of an internal hackathon more details coming soon”.

Google CEO via a blog post, revealed that the company’s AI chatbot will need to be rigorously tested so it can meet a “high bar for quality, safety, and groundedness in real-world information.”

Bard seeks to combine the breadth of the world’s knowledge with the power, intelligence, and creativity of Google’s large language models. It draws on information from the web to provide fresh, high-quality responses.

Google revealed that Bard can be an outlet for creativity, and a launchpad for curiosity, helping users to explain discoveries from NASA’s James Webb Space Telescope to a 9-year-old, or learn more about the current best strikers in football, and so on.

With the initial release of the Chatbot, Google revealed that it will be rolled out with its lightweight model version of LaMDA, noting that this much smaller model requires significantly less computing power, enabling the company to scale to more users, and allowing for more feedback.

Google will combine external feedback with its internal testing to make sure Bard’s responses meet a high bar for quality, safety, and groundedness in real-world information.

According to reports, the overnight success of ChatGPT has designated a “code red” threat at Google with founders Sergey Brin and Larry Page who left several years ago, brought back to brainstorm ideas and fast-track a response to avoid being displaced as a search engine giant.

Before the emergence of ChatGPT, which was released in late November, Google had been reluctant to launch its own language-based AI, for the fear of the reputational risk of releasing technology that wasn’t ready.

Lately, Google and its parent company, Alphabet, have participated in several meetings around Google’s AI strategy, which has seen numerous groups in the company refocus their efforts on addressing the threat that ChatGPT poses to its search-engine business.

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