Facebook Instagram Linkedin Twitter Youtube
30.4 C
Ocho Rios
Tuesday, May 27, 2025
Tel: (876) 410-5260
Email: [email protected]
Home Blog Page 11

Snapchat creates AI chatbot from OpenAI GPT

By
Obrian
-
0

It’s quite important that not at all like Microsoft’s vision with Bing, Snapchat’s My simulated intelligence AI isn’t intended to go about as a web crawler. It’s rather viewed as a persona inside Snapchat that you can talk with like you would with your companions.

All discussions with My simulated intelligence will be put away and might be looked into to work on the item’s insight. Snapchat likewise says that clients shouldn’t impart any privileged insights to My simulated intelligence or depend on the chatbot for exhortation.

That’s what the organization says in spite of the fact that My man-made intelligence is intended to keep away from one-sided, erroneous, hurtful, or deceiving data, slip-ups may happen. The informal community welcomes clients to submit input by squeezing and hanging on any message from My artificial intelligence.

Since its creation a couple of months prior, Open AI’s ChatGPT has overwhelmed the web and become progressively well-known. Accordingly, artificial intelligence has turned into an inexorably moving subject throughout the course of recent months. Given these elements, it’s not shocking that Snapchat is adding an artificial intelligence chatbot to its own informing stage.

Obviously, considering that Snapchat takes care of a youthful client base, the possibility of security is really significant. Snapchat noticed that the chatbot has been intended to keep away from destructive or deluding points, and will not give reactions in these conditions.

“Our app reaches 750 million people per month, with 75% of 13- to 34-year-olds in over 20 countries,” the company notes in the blog post. “Incorporating this technology into Snapchat’s messaging platform has the potential to make these interactions with AI part of what draws our community to Snapchat.”

Snapchat says it accepts that over the long haul, AI can be extraordinarily added substance to the application’s insight, while likewise assisting with cultivating further associations. For the time being, My computer-based intelligence might help the organization’s paid supporter numbers, which as of late outperformed the 2,000,000 imprints.

Digicel asks investors for more time to sort out debt issues

By
Obrian
-
0

 

Digicel is yet again pleading to investors to sort out debt issues as the company is yet again in the midst of a stark financial situation. The valuation of the bonds that the company needs to repay by March 1, 2023 is stated to be worth US$925 million. Luckily a vast majority of the bondholders have shown restraint approximately 70% of them have voted in favor of the extension.

A Digicel spokesperson states that the bondholders are even willing to extend the period to 90 days if the company enters a restructuring support agreement. If this is agreed upon it would be the third debt restructuring since 2019, at a time when the global market is in a slowdown.

“On February 21st, Digicel Limited launched a consent solicitation relating to the company’s 6.750 percent senior notes due 2023, seeking consent for an initial 30-day grace period which could be extended to 90 days in certain circumstances.

As of the date of the consent solicitation, the beneficial owners of more than 70 percent of the outstanding principal amount of the notes had already committed to the company that they will consent to the proposed amendments.” The spokesperson stated.

Overall, Digicel’s debt is quite extensive, it is valued at US4.55 billion which includes bonds and corporate loans which will mature by the end of 2025.

Strategies and Mishaps

I saw various writers stating that Digicel’s overall unfortunate financial situation is due to various factors such as the Haitian economy for example and other external factors. I don’t buy into it, Digicel’s core problem lies in the company’s inability to innovate in critical infrastructure and technologies that can allow the company to stay afloat.

We are living in a vastly different environment in the telecommunications market than two decades ago and it’s going to take vastly different strategies to compete with tech giants or other deep-pocketed companies.

No doubt, Digicel is essential in the Caribbean and other regions. Still, the numbers reflect that the value of the product offerings is either being commoditized or driven down by other core technologies and market pressure. For example, look at the most cliché example, WhatsApp came in and usurp the entire business model.

Digicel still hasn’t responded to such a change in the market. I have seen notable improvements in its overall internet infrastructure and that’s commendable but there is still more to be asking for.

We live in an age where there is a war for attention, Amazon is not spending tens of billions in the media space for nothing and the same goes for Google, Facebook, etc.

Attention is everything these days and the more attention you have the more you can advertise and make money. It’s a different overall ball game that entails a lot of risks which I doubt Digicel is willing to take.

I am not expecting Digicel to compete with Amazon or any of those tech giants. At the same time, it is worthwhile to study a thing or two from them to adapt certain strategies within the company’s overall vision and drive long-term sustainable growth.

 

Seprod numbers surge on the backdrop of major acquisition

By
Obrian
-
0

Seprod Group had a stellar December fourth quarter where they beat analysts’ estimates. Net profits for this particular quarter grew by 314%, which is an increase of J$916 million.

Revenues for the period grew by 122% to a figure of J$28.23 billion. It’s an increase of J$15.50 billion over the prior year. For the entire year, net profits grew to J$3.84 billion which is a 93% year-over-year growth when we look at past reports.

If we should take into consideration the performance of the Bryden Group that Seprod acquired in 2022 and evaluate the numbers, the revenues are approximately J$79.67 billion. This is an 82% increase over the corresponding period in 2022.

The acquisition of AS Bryden & Sons Holdings which is a major distribution player from Trinidad & Tobago is both fundamental to Seprod in the short and long term. In the short term, they can take advantage of the company’s resources and business. Over the long term, they can be able to invest more in the company and grow it into a much larger business.

In the distribution business, cost management is key, we can see that Seprod has been working steadfastly to reduce warehouse and logistic costs from the use of third-party warehouses.

The company has now transitioned to a new distribution campus at its Marcus Garvey Drive base in downtown Kingston. This is a very important step in the right direction given that the company’s main logistic center was destroyed in 2021.

2022 was a breakout year for iCreate

By
Obrian
-
0

iCreate had a record-breaking quarter ending December 2022, revenues surged by 2,795.2% which equates to J$28.9 million. Overall revenue for 2022 climbed by 314.5% which is approximately J$136.05 million.

Profit also increased by 170.8% to a figure of $22.8 million which is better than the losses the business experienced in the same period during the prior year to the figure of $32.2 million.

Total assets reach J$852.9 million, up from J$75.5 million as of December 31, 2021.

Analysts are suggesting that such recent levels of growth are a result of the successful mergers and acquisitions that the company has worked on over the last year. Additionally, you could also look at the fact that the company has been expanding operations and improving the core products and services that the company offers.

iCreate’s board came out with a statement that coincides perfectly with what analysts are making. “this strong performance was positively impacted by our expansion initiatives, the acquisition of Vertical Creative Limited and Get Paid Limited at the beginning of the year. It is also noteworthy that, during the Christmas period, our Advertising Division performed exceptionally well, boosting revenue for the quarter”.

Overall these are good numbers and it shows the company is pivoting in the right direction.

Mark Zuckerberg copies Twitter’s subscription blue checkmark service onto Meta platforms

By
Obrian
-
0

Facebook-parent Meta took a page out of Musk’s playbook and will be launching their own blue ticker subscription service called Meta Verified, which will permit clients to add the sought-after blue mark to their Instagram and Facebook.

The price goes up to $15 a month by checking their personality, its CEO Zuckerberg said on Sunday, tapping another income channel that has returned blended accomplishment for its more modest opponent Twitter.

The subscription service, first carried out in New Zealand and Australia beginning this week is estimated at $11.99 each month on the web or $14.99 on Apple’s iOS and Google’s Android. Meta will permit clients to confirm their personality by utilizing their government-provided ID cards.

The incomes of Meta, which has elected not to charge its clients for the majority of its subscriptions in over 10 years and a half since its establishment, have endured a shot as of late following Apple’s choice to present severe protection changes on iOS that reduces the social company’s capacity to follow clients’ web exercises.

The Zuckerberg-drove firm, which makes essentially its cash from promoting, said last year that Apple’s move would cost the organization more than $10 billion in lost advertisements income in 2022.

“Long term, we want to build a subscription offering that’s valuable to everyone, including creators, businesses, and our community at large. As part of this vision, we are evolving the meaning of the verified badge so we can expand access to verification and more people can trust the accounts they interact with are authentic,” Meta wrote in a blog post.

Membership administrations are becoming well-known among web-based entertainment firms.

Sunday’s declaration follows the social stage Snap sending off its own membership administration last year, through which it has changed over 1,000,000 clients into paid clients as of now, and furthermore Elon Musk redoing Twitter’s membership administration, Twitter Blue, to offer a scope of extra elements including the blue mark.

Twitter has extended Twitter Blue to the north of twelve business sectors, including India and Indonesia. As of mid-January, something like 180,000 records had pursued Twitter Blue, as indicated by The Data.

Musk, a vocal pundit of Facebook administrations, is wagering on transforming Twitter Blue into a significant income driver for Twitter, which he obtained last year for $44 billion.

The blue mark has for some time been one of the sought-after highlights via web-based entertainment stages. Already it was saved for well-known individuals like officials, entertainers, artists, sports competitors, and writers.

Musk has thrashed the thought, contending that the element ought to be available to all. The people who accomplished the blue tick mark outside the Twitter Blue membership will lose it in the end, he has recently expressed.

“As we test and learn, there will be no changes to accounts on Instagram and Facebook that are already verified based on prior requirements, including authenticity and notability,” said Meta.

Meta, whose offers have bounced back lately, is likewise faltering from a brutal business sectors reaction to its excellent metaverse vision. The organization, which has laid off around 11,000 representatives in the beyond two months, has sworn to chop down its expenditures on the metaverse desires. It’s purportedly arranging one more cutback round, soon.

Let’s see if this new service can bring a new profitable revenue stream to Facebook.

Stability AI is being sued by Getty Images over copyright infringements worth $1.8 trillion

By
Obrian
-
0

Getty Pictures accepts that the artificial intelligence picture generator Stable Diffusion has taken more than 12 million of its protected photographs. The photograph office has recorded a claim against the organization and is looking for up to $150,000 per encroachment, or up to $1.8 trillion.

The subtleties have become known after Getty purchased its body of evidence against Security artificial intelligence, Stable Dissemination’s maker, to a Delaware court where the stunning numbers were uncovered in court records.

Getty blames Security man-made intelligence for “shameless” protected innovation burglary on a “stunning scale.” In the suit, Getty is requesting that Soundness artificial intelligence pay trillions of dollars in remuneration. Getty really getting this sum is, obviously, exceptionally far-fetched, as it is beginning high with the assumption for arranging lower.

“Getty Images’ visual assets are highly desirable for use in connection with artificial intelligence and machine learning because of their high quality, and because they are accompanied by content-specific, detailed captions and rich metadata,” it writes in the lawsuit.

Dependability Dissemination is a picture synthesizer model that produces pictures after it was prepared on a great many human-made photographs and craftsmanship and related words that illuminates the man-made intelligence of what articles and subjects should seem to be.

Getty has even blamed Steadiness simulated intelligence for being an immediate contender, fabricating its business off the rear of Getty’s broad photograph library.

The claim follows on from last month when Getty got its body of evidence against Steadiness simulated intelligence at a London court.

Copyright specialists have complimented Getty’s case with Andres Guadamaz, a man-made intelligence and copyright subject matter expert, portraying Getty’s grievance as “beautifully.” Aaron Greenery, a copyright blogger, says that the focal point of the photograph organization’s contention is perfectly located.

The case will consume most of the day to clear its path through the courts; however, specialists accept that the case will at last boil down to the understanding of the U.S. fair use teaching — that is likewise at present hanging out there as the High Court is set to remark on it in the not so distant future.

Pictures produced from Stable Dispersion can reproduce Getty’s conspicuous watermark, cursing proof that Solidness simulated intelligence fished Getty’s library.

“Often, the output generated by Stable Diffusion contains a modified version of a Getty Images watermark, creating confusion as to the source of the images and falsely implying an association with Getty Images,” the lawsuit continues.

“While some of the output generated through the use of StableDiffusion is aesthetically pleasing, other output is of much lower quality and at times ranges from the bizarre to the grotesque. Stability AI’s incorporation of Getty Images’ marks into low quality, unappealing, or offensive images dilutes those marks in further violation of federal and state trademark laws.”

It’s not simply copyright encroachment that Getty is suing Dependability simulated intelligence over, yet in addition to brand name encroachments and copyright infringement, as well.

A gathering of craftsmen recorded a legal claim against simulated intelligence picture generators Stable Dispersion and Midjourney last month too as the beginning picture synthesizer industry starts to confront lawful difficulties.

Fontana numbers shows resiliency in company’s fundamentals

By
Obrian
-
0

Fontana had a record-breaking December quarter, revenues jumped to J$2.1 billion which is a 15 percent jump over the same period the previous year where the figure came in at J$1.8 billion. Net profit returns were also pretty positive, it grew by 30 percent, closing at J$323.8 million.

Gross profit grew by 16.7 percent from J$717.2 million in quarter 2 of 2021 to J$836.9 million for the quarter under review. There was also a minor improvement in gross profit margins over the prior year, for the last period under review it stands at 39.2 percent compared to 38.7 percent over the previous year.

Despite strong inbound numbers, outbound numbers such as in the segment of expenses continue to rise. In fact, operating expenses grew by 25.3 percent to J$490.5 million, which is up from J$391.5 million over the prior year.

Despite operating expenses, finance costs went down 42.8 percent ending the quarter at J$53.9 million which is a better outlook than what they had, the J$94.3 million achieved the prior quarter.

Net profit for the quarter went up to J$323.8 million, compared with J$248.8 million recorded in the prior period. The margins on net profit margin increased from 13.4 percent over the prior year to 15.2 percent in the current year.

Assets increased by 4.3 percent to approximately J$5 billion up from $4.8 billion same period, the prior year.

Lastly, shareholder’s equity grew by 23 percent to $2.45 billion, up from $1.99 the prior year.

Hydrogen drones are now going mainstream through heven drones

By
Obrian
-
0

The last time hydrogen-loaded flying vessels hurdled around the sky didn’t end well enough; however, that isn’t preventing Heven Drones from powering up its H2D55 drone. The organization guarantees the octacopter can fly for more than 90 minutes, with a payload of 7 kg (15 lbs).

The robots are worked to spec and require two-three months to finish. The organization is a little cagey about the specific estimating, yet secretly a source inside the organization proposes that you could presumably purchase several Toyota Corollas at the cost of one of its robots. On the other hand, Corollas don’t fly, and why in the world would you need two, so we should return to drones.

The organization says the H2D55 is the principal in an arranged setup of three hydrogen-filled drones that will be delivered over the course of the following year, and that the models coming in the not-so-distant future will have extra flight time and payload limit.

“Commercial use case examples range from last-mile and just-in-time (JIT) delivery, measuring the nutrient levels of soil and precision crop spraying to collecting risk-assessment data for construction companies, surveying real estate for reforestation projects and aiding emergency responders in risk assessment and delivery of life-saving equipment,” said Bentzion Levinson, founder, and CEO of Heven Drones.

On the defense side, the company envisions more extensive surveillance missions and the supply of medical aid, food, and ammunition to soldiers.

“We are delighted to bring hydrogen-powered drones to the global market and we are excited to see the expanding range of use cases across numerous industries,” said Levinson, “Not only do actionable drones add immense value to key areas of our economy and society, but we are working to ensure that this value is compounded by reduced carbon emissions and general energy efficiency by using hydrogen. The H2D55 is our first step towards achieving this vision.”

Freedom for me: My honest thoughts on freedom

By
Rushane
-
0

Freedom for me is living life on my time, it’s the ability to be wherever I want, whenever I want without the need to get permission or request it. Life is finite and should be appreciated right up to the end.

When I was younger I thought I wanted to become a doctor but as I got older I realize I was afraid of blood and when I saw it, I felt nauseous. Throughout my high school years, I decided to become an accountant because I was good at accounts and all the other business subjects, but then I realized I really hated accounting.

The thought of being at a desk for 8 or more hours a day was terrifying. I was lost at this point because I chose certain academic areas to pursue my career path of becoming an accountant. I needed to re-evaluate my life and decide what I truly wanted out of life.

I started researching and came across financial freedom, it was my first time hearing that term. All I knew was math, accounting, science, etc, my continuous research brought me to a few books and the two books that changed my life and most importantly my way of thinking forever.

The books were Rich Dad Poor Dad by Robert Kiyosaki and The Richest Man In Babylon by George Clason. Both are impeccable books that everyone should read, especially if you are seeking financial freedom. Before freedom, you need knowledge.

Another thing I discovered about myself is that I found out I really love investing. I fell in love with it and I also realized it was a goal of mine when I was younger. I told myself that as soon as I started working I would open an investment account. Due to the stress of working and falling into the rat race, I totally forgot about my passion.

I started this journey when I was 22, I’m now in my thirties and I’m still currently on it. Becoming free is not a one-time thing but a way of life, it never really stops but from the small taste of freedom I currently have, it’s really worth working towards it. The ability to travel, have time for yourself and your family, and to be able to take a break or rest is priceless. This should be talked about more often.

Today’s society only talks about working, saving, and then retiring. I really want to know what retired people are going to do with their money when they can barely move around. To me, It’s a scam to feed the system and we should come out of it and do a reset.

Unhappiness is at an all-time high, suicide rates are up and overall people are just tired and fed up and are simply giving up. I implore anyone reading this, if you have kids, start them early with the financial freedom mindset and investing lifestyle.

Chinese EV car maker Zeekr raises $750 million to expand operations

By
Obrian
-
0
Generated by pixel @ 2022-12-21T20:06:28.866990

At the point when funding financing is easing back in China, EV is one of only a handful of exceptional areas actually keeping financial backers energized.

For example, Zeekr, the extravagance electric vehicle brand of China’s biggest confidential carmaker Geely, reported Monday that financial backers have focused on putting $750 million in its Series A subsidizing round.

Its post-cash valuation has shot up to $13 billion.

The news comes only two months after Zeekr said it had privately petitioned for a first sale of stock in the U.S. At that point, Reuters detailed that the electric carmaker was looking for more than $1 billion in continues at a valuation of more than $10 billion.

TechCrunch has connected with Zeekr in regard to its Initial public offering status.

Financial backers who have consented to move Zeekr in its Series A incorporate a couple of heavyweights like Mobileye’s pioneer and President Amnon Shashua, Chinese battery goliath and Tesla provider Contemporary Amperex Innovation Ltd (CATL), China’s state-claimed Yuexiu Modern Asset, Tongshang Asset and Xin’an Keen Assembling Asset, another Chinese state-possessed venture vehicle.

Proceeds from the raise will uphold Zeekr’s innovation research and worldwide development. Without a doubt, the firm has been forcefully increasing its worldwide impression.

In January, my associate Kirsten composed that the organization had nearly 3,000 open situations in excess of 30 urban areas all over the planet, including its Research and development focus in Ningbo and Shanghai in China, and Gothenburg, Sweden.

The youthful carmaker was likewise opening an office in Silicon Valley.

Established in 2021, Zeekr handled its most memorable outside financing round in August of that year.

The venture added up to $500 million from a rundown of key financial backers, including Intel Capital, Intel’s corporate VC arm, CATL, Chinese client-created video site Bilibili, Chinese confidential value reserve Cathay Fortune Gathering, of which organizer Yu Yong’s holding organization is a significant investor in CATL, and celebrated Chinese confidential value firm Boyu Capital, a financial backer in Insect Gathering.

1...101112...71Page 11 of 71

Categories

Information

Social Media

cards
Powered by paypal

Copyright © 2025 Clarke & Cash. All Rights Reserved.