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Home Blog Page 4522

Do not fear the competition

By
Ndubuisi Ekekwe
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0

Most times, competition is not your main enemy as you build that start-up or the product. Your main enemies are the internal elements in your company which could affect flawless execution. Do not fret morning and night about competition because ideally for an African start-up, you do not have many competitors!

Yes, most of our industries are still at infancy with the incumbents largely operating at sub-optimal levels. So, when you focus on competition, you lose sight of how to innovate and make great products. (You should be aware of competition, but do not think they are there, to snuff life out of your business. That is not the case.)

Failing as an African start-up or a product is not necessarily because any competitor took you down. The likely major reason is that you could not execute to fix that friction you have established that company or product to solve. Yes, that insurance company is talking of competition in a market with less than 5% penetration rate in Nigeria!

Don’t fear the competition; fear your inability to execute!

The Problem is EXECUTION, Not Your Competitors!

Comment on Feed

Comment 1:  Great insight Prof! You’ve highlighted an important point that many African startups and new products tend to overlook. It’s easy to get distracted by competition and lose sight of our own goals and objectives, but this can be avoided by staying focused on our execution and innovation. Thanks for sharing!

Is ChatGPT Going To Replace Native Search?

By
Paul Ugbede Godwin
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0

ChatGPT is truly a groundbreaking AI technology launched by OpenAI in November 2022. ChatGPT is a chatbot which is built on top of OpenAI’s GPT-3.5 family of large language models, and is fine-tuned with both supervised and reinforcement learning techniques, But 99% of people don’t know how to harness its full potential.

The fastest-growing website, is gaining over one million daily unique visitors. The next Gen will use ChatGPT like this Gen uses Google perhaps, Data is the currency in the new economic order more and more, I don’t see any bad outcome from ChatGPT.

A1 is not going to replace humans, People who use A1 will replace those who don’t. Humans are amplified by technology not replaced by it. If you’re ever confused about a complicated topic… Log into ChatGPT and type:

“Explain [complex topic] like I’m 5 years old.” It’ll output a dead-simple, easy-to-follow response, It’s incredible for learning. Seemly, articles on the web can be a pain in the ass to read. There’s far too many:

  • Annoying paywalls
  • Unnecessary paragraphs
  • Distracting advertisements

Luckily, ChatGPT can save you time and hassle. It’ll summarize main points from any URL you feed it.

Patrick Bet-David of the PBD Podcast noted that ChatGPT could either cause massive unemployment in the tech space or it could end up being a useful tool for everyone and creating millions of new jobs. Either way, innovation is moving at an exponential pace.

But I’ve needed to tweak its outputs to my specifications to get exactly what I’m after. I have no doubt that in time it may get to a point where developers and CS grads may no longer need to develop as much, but as of now, I view them as more of an extremely efficient assistant.

What do Elon Musk and Peter Thiel have to do with OpenAI and ChatGTP? How much does ChatGTP cost and why are there no research reports on it?

Greg Brockman @gdb, President and Co-founder of OpenAI has predicted that 2023 holds groundbreaking advancements and mass adoption for Artificial Intelligence.

I feel like it’s going to get to the point that teachers are eventually using the same AI to grade papers that the students used to write said paper. It will be AI grading its own work and revising itself.

I have used ChatGPT extensively and it is very impressive for a lot of things, but it definitely can not replace a human just yet, there are too many gaps in its understanding and functionality to make up for the flexibility and adaptability of a human. A human using it is gold, We are training it the more we use it. It will just get smarter and smarter like it has in just a year. We went from Openai, to Dalle-2 to chatGPT.

It doesn’t have to be one or the other. A1 replications can have a sweeping impact on society at large. It can and likely will disrupt everything from business, to education, to literature. And it’s only one subset of the overall AI movement. What happens when systems converge?

I don’t see any bad outcome from ChatGPT. It’ll help people maximize their output, People will adapt to technologies being developed around them. There’s no reason to be pessimistic about it, the sky has been falling for ages, but we always survive.

OpenAI’s expected $29 billion valuation is only the latest signal of the artificial intelligence craze even as the tech industry faces layoffs and tough economic conditions. Investors funneled more money into generative AI companies in 2022 than in the previous five years combined, reaching a total of $1.37 billion, according to Pitchbook. The excitement saw companies like AI text startup Jasper valued at $1.5 billion in October, around a year after it was founded, and image generator Stability AI reached a $1 billion valuation at the same time. (LinkedIn News)

Will Rwanda Be Next in Line for a “Pele” Stadium? — Making the case for Huye “Edson”? Stadium*

By
Nnamdi Madichie
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0
As Cape Verde takes the first stab at renaming its 15,000-seater Estadio Nacional de Cabo Verde, located just outside the capital Praia (in Santiago South Zone), the Pele Stadium, there may well be other African contenders such as Rwanda.
The news comes after Fifa’s president Gianna Infantino proposed — while speaking at Pele’s memorial service in Brazil — that every country should name a stadium after the footballing legend who died on 29 December, aged 82.

“As a tribute and recognition to this figure that makes us all great, I manifest the intention of naming our national stadium as ‘Pele Stadium’, in an initiative that, I believe, will be followed by several countries around the world […] With the physical disappearance of Edson Arantes de Nascimento, King Pele, who soon became a planetary figure, an icon of the masses showing that sport has the power to unite the world, it is now our wish to pay tribute to him,” […] in a statement that stressed the importance of Pele to Portuguese-speaking countries like Cape Verde.

Against the backdrop of this first mover by Cape Verde, a Portuguese African country (note the affinity with Brazil), I reflect upon three others including francophone Cameroon, Rwanda (debateable) and Senegal, as well as Anglophone South Africa, host of the 2010 World Cup. The least likely of these is evidently Rwanda with the less established global footballing presence (just like Cape Verde).

As for the more established Cameroon and Senegal, the former having only recently hosted the TotalEnergies Africa Cup of Nations (AFCON) between 9 January and 6 February 2022 -availing the nation an opportunity to showcase its stadia across five main cities, namely Japoma Stadium (Douala), Ahmadou Ahidjo and Olembé Stadiums (Yaoundé), Kouekong Stadium (Bafoussam), Roumdé-Adjia Stadium (Garoua) and the Limbe Omnisport Stadium (Limbe-Buea).

In the case of the latter, Senegal, thanks to Turkish investment in stadiums and sports infrastructure in Africa, Istanbul-based “Summa” built the US$260 million Diamniadio Olympic Stadium. As reported in a recent article, it wasn’t long ago that Turkish President Erdogan:

“oversaw the unveiling of his country’s latest high-profile construction project in Africa — a 50,000-seat stadium on the outskirts of Senegalese capital Dakar”.

Rwanda is implicated in conversations about Senegal and Turkish investments in Africa, as reported in the media, “the venue (Huye stadium) was initially the only option that Rwanda had if it was to host home matches but following delays in renovating both the Amahoro stadium and Kigali stadium, the tie against Senegal was moved to Dakar”.

 

The same firm is reportedly replicating that development with Amahoro, the national stadium of Rwanda located in Kigali City, and the now 20,000-capacity Huye Stadium, which is located in Huye District in the Southern Province of football loving Rwanda.

It is noteworthy that neither the national team, Amavubi, nor local clubs were able to host their continental competitive matches prior to now, as both were rejected from hosting the Rwanda-Senegal match following a supervision team visit from CAF which deemed them unready-thus forcing “Amavubi” to play their AFCON qualifiers against Senegal in the more ready Senegalese capital of Dakar.

Alas Huye stadium is now ready!! According to Sports Minister, Aurore Munyangaju Mimosa:

“It is a pride for our country, it is a pride for Rwandans that Huye stadium is now ready to host international games…”

Perhaps another Turkish exploit is on the cards as the Turkish foreign minister Mevlut Cavusoglu is set to visit Rwanda on Thursday, January 12, as part of a 5-nation Africa tour that starts today Sunday, January 8.

So why not consolidate on that pride with Huye Edson Stadium? Be on the lookout for our forthcoming book chapter “Public Sector Marketing Communications: Insights from/for the Primus National Football League Rwanda,” as published In: Public Sector Marketing Communications, Volume II, Palgrave Studies of Public Sector Management in Africa.

Do not Underestimate the Power of Culture As You Pick New Jobs

By
Ndubuisi Ekekwe
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1

You have known him for years, and he has been unable to demonstrate the capacity to set goals and accomplish them. Yet, you believe that after marriage that you will change him. Too bad, after the marriage, instead of you changing him, he influenced and changed you. Now, “clock” has been removed from that home, and no one has any plan for anything.

The same happens when we’re looking for jobs or moving into new cities. You looked at that team as you toured that company. You reviewed Glassdoor as you did your research on the firm. You asked questions from people. And the conclusion was clear: the culture was yoyo. Yes, anything goes.

Even though you did not like the culture, you went ahead, being sure that you would change the culture. I have a line for you: ensure your defense is great because they could also influence you through a fast pace acculturation that will change you. 

An organizational culture is difficult to characterize, yet it’s woven into everything an organization does. It’s the reason workers love or loathe their employments, or clients can feel esteemed or overlooked. Like notoriety, it takes a very long time to assemble a decent culture, yet just a couple of stumbles to destroy everything. That’s why smart founders focus on developing company culture from day one, and work like mad to protect it for the duration.

Start-up founders typically focus on improving their hard metrics that they think little of the organizational culture. They have outsourced that responsibility to someone in the firm. Yet, organizational culture isn’t just about office game rooms, free titbits or easy-going Friday. It’s about how your group cooperates. It’s what your group has confidence in, and what they esteem the most. For the staff to work together, a solid organizational culture is important.

Here are some pointers to build an authentic and engaging culture irrespective of the size of your firm – stat-up, ramp-up  or an established organization.

People, unless you are a culture transformation expert, do not underestimate how a corporate culture you think you could overcome will swallow you. Remember small data.

Comment on Feed

Comment 1: You can’t jump into the pool without getting wet unless it s an empty pool, which leaves you with a greater risk of getting broken and fractured for life. Don’t forget to have your life-jacket on, so at least you come out with your values where pool does not eat, I mean swallow you. Now swim, learn or not.

The Rise Of Stablecoin Dai And Meme Token Big Eyes Coin Is Intrinsically Related

By
TI Partners
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0

Two coins, Dai and Big Eyes Coin (BIG) couldn’t seem more different, and yet one unique aspect has kept both tokens steady in troubled waters.

While stablecoin and meme coin may have different qualities, both are dedicated to improving the image of crypto and encouraging mass adoption, which is why these two opposites are more alike than you think.

What Is A Stablecoin?

Many may ask if cryptocurrencies can be stable, especially considering their volatility. Stablecoins are an answer to that question and the concerns of many crypto traders. The currency is fixed to a reserved asset such as a fiat currency or gold. This is done to reduce the volatility cryptos are famous for.

What Is A Meme Coin?

Seemingly the opposite of a stablecoin, a meme coin is often a highly unstable (more unstable than normal currencies) digital asset. Often originating around a meme or animal character, meme tokens are known for their strong communities and extremely fluctuating values.

Stablecoin DAI: Providing Calm

Based on Ethereum, DAI is the fourth largest stablecoin by market capitalization on CoinMarketCap. With over $5 billion in market cap, DAI has been highly sought after.

Managed by Maker Protocol and MakerDAO, which claims to be an ‘unbiased Global Finacial System’. Dai is marketed as an ‘unbiased currency’, and any business or individual may use it.

Its popularity largely stems from its being pegged to the U.S. dollar, its decentralized nature, and its increased stability, which many crypto enthusiasts find comforting considering how volatile the market is.

Despite algorithmic stablecoins experiencing a crash, DAI has managed to stay strong (even after losing $2 billion). This is why it is likely DAI will remain in the long run.

Big Eyes Coin: Providing Cuteness

While Dai has committed to improving the image of crypto by introducing a stable coin, Big Eyes Coin has resorted to various techniques that achieve the same united goal of improving the image of cryptocurrencies.

From having its contract audited by Solidity Finance and proven to be 100% secure, BIG’s team has also been verified by CoinSniper to ensure anti-rug measures are in place and that the project is safe.

The initial liquidity pool will be locked for two years, ensuring that funds are unable to be moved outside of the pool. Furthermore, Big Eyes Coin offers a fresh ecosystem with an NFT market, merch shop, and competitions.

But perhaps the biggest attraction of Big Eyes Coin, which is bringing in crypto beginners, is its emphasis on the environment and charity. With the sole purpose of raising money to save the world’s oceans, Big Eyes Coin is keeping 5% of its total token supply upon release for ocean sanctuaries. Furthermore, it commits to recurring charity donations, including The Fruit Tree Planting Foundation and Sea Shepard.

The Bottom Line

Big Eyes Coin and DAI are different species of cryptocurrencies focused on very different things. Still, they both share the same goal of improving the accessibility of crypto to the wider public.

As the New Year takes its course and people ponder how best to use their money during a global recession, many could turn to these two currencies thanks to their appealing natures.

Use the code for a BIG token bonus: BIGsave976

 

For more information on Big Eyes Coin (BIG):

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

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