Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
ChatGPT Satya Nadella, Chief Executive Officer of Microsoft, gestures as he attends Microsoft's 'Young Innovators' Summit' in New Delhi, India February 26, 2020. REUTERS/Anushree Fadnavis
Satya Nadella, CEO of Microsoft: Blockchain needs a 'ChatGPT style break-out moment'. Photo: Anushree Fadnavis/Reuters
Microsoft (MSFT) CEO Satya Nadella told attendees at this year's World Economic Forum in Davos on Tuesday that he believes in blockchain, web3 and metaverse innovations, but feels the sector needs a "ChatGPT moment".
"Blockchain is a technology that has a set of use cases, we at Microsoft support it today. A distributed database is a good thing, it has its uses.
"All of these three things, web3, blockchain and the metaverse, are all going to happen.
"But you need to have the killer apps, what is the use case that gets broad adoption, what is the ChatGPT moment for blockchain?"
Artificial intelligence (AI) tool ChatGPT was launched in November 2022 and has since racked up over a million users.
This is a leap into mass adoption that took social media platform Facebook (META) 10 months and streaming platform Netflix (NFLX) three years to match.
The new application's agility in capturing mass appeal has outpaced the more slowly evolving blockchain industry that began in earnest when Satoshi Nakamoto published the bitcoin (BTC-USD) white paper in 2008.
ChatGPT has eclipsed web3 as the prime tech buzzword of 2023. But, as the year progresses, whether it will be as disruptive to our personal and professional lives as has been forecasted remains to be seen.
Microsoft is going all in on ChatGPT, an artificial intelligence (AI) technology that could power a new search engine that could disrupt the dominance of Google (GOOG).
News site Semafor reported on Tuesday that Microsoft is investing $10bn (£8.2bn) in OpenAI, the artificial intelligence firm behind ChatGPT.
This will value the San Francisco-based firm at $29bn, and industry analysts say that Google should pay close attention to the deal.
What is ChatGPT?
ChatGPT is trained on a massive data set, and has been described as one of the most powerful language processing models ever created.
It is a highly articulate artificial intelligence application which can write computer code as well as different types of text from haiku to jokes, corporate emails, business plans, academic essays and even piece of original fiction in the style of any writer you want, from Joyce and Dostoyevsky, to Shakespeare.
What sets it apart from previous AI chat tools, is how it can respond to user prompts in natural-sounding language, responses that could easily be miresponses that could easily be mistaken for a chat with a real human.
ChatGPT uses a combination of natural language processing, machine learning, and graph theory to measure a chatbot's ability to understand and respond accurately to customer inquiries.
This could be a good boost for Tradeflow!
DMCC Coffee Centre
@dmcccoffee
·
Jan 11
HE Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, met with DMCC's Director of Agri Commodities, Saeed Al Suwaidi at the #WOCDubai. They discussed potential opportunities to expand #Dubai's economy through #coffee trade.
VeChain is a decentralised network that aims to offer a blockchain-based solution to supply chain management, allowing things like authenticity, storage temperatures, and delivery routes to be stored in a transparent, immutable fashion. It’s used by brands like Walmart China, H&M, BMW Group, Groupe Renault, and LVMH to provide tamper-proof data for various purposes, like a verifiable car log book and tracking a product’s journey from manufacturer to store.
In fact, VeChain has a long list of partners, and this list keeps growing. VeChain recently announced a partnership with Amazon Cloud Technology to explore carbon management for enterprises, as well as cross-border fintech hub Supply@Me for inventory monetisation transactions. And in early November, the VeChain Foundation announced its most significant hard fork yet after a successful vote to implement PoA2.0.
VeChain has gone from strength to strength after its launch in 2018, and its popularity amongst enterprises is likely to continue in 2023. That makes it the seventh best crypto for 2023.
Just wondering if anyone thinks this will be a happy ending for shareholders as per the RNS in November?
https://www.lse.co.uk/rns/MEAL/proposed-cancellation-and-notice-of-gm-q2w2r6qt0fcxtbh.html
Hughez I am struggling with your post, there is nothing to state Anthony Brown has said anything about SYME, all you/market guy have done is added a couple of twitter accounts to a post with nothing to back anything up.
I would love to be proven wrong though!
Part 2
Sunny Lu, CEO at VeChain Foundation, said, “This partnership brings to market a highly innovative solution which employs emerging digital technologies to solve a decades old problem for businesses globally. By deploying this, our companies together are able to limit a need for overproduction, promote sustainable global development, improve cashflow for businesses and create a new digital asset class which provides capital directly to the real economy. We look forward to launching – phase 2 of our alliance to involve our community and the rest of the crypto market into this disruptive initiative”.
Supply@ME and VeChain today announced that the NFT underpinning the first Inventory Monetisation transaction has been officially minted on the VeChainThor blockchain. The EUR1.6million transaction will significantly enhance cashflow and access to working capital for a business involved in the design and manufacture of industrial and specialised vehicles in Italy, US and Africa. The development represents a global first, marking the inception of a new model of accessing capital in the supply chain for manufacturing and trading businesses, as well offering a new asset class for investors.
Supply@ME’s fintech platform connects manufacturing businesses, from heavy manufacturing and chemicals to high end food and fashion, with funders who monetise unsold stock via a legal “true sale” mechanism, enabling businesses to release capital trapped in stored inventory. Manufacturing businesses can use this revolutionary commercial facility as a more cost-effective alternative to traditional banking or asset-based lending options, without incurring debt. When manufacturers secure a buyer for their stock, they then can request to repurchase it before selling to the end customer.
Supply@ME’s fintech platform facilitates access to a new source of improved cashflow for businesses facing increasing pressure from disruptions in the supply chain. Underpinned by proprietary technology and integration with the VeChainThor blockchainthat manages the NFT life-cycle, the platform allows investors to have continuous oversight of inventories and their subsequent trading activities. Additionally, the integration with manufacturers’ existing systems, as well as enabling monitoring activities, allows the manufacturing business to receive reports on inventory optimisation and risk management.
The next phase of the alliance between Supply@ME and VeChain will launch in the coming months, with further Inventory Monetisation transactions worth up to USD8.5m budgeted, also funded by VeChain as an anchor investor, alongside multiple liquidity providers including VeChain ecosystem stakeholders, additional cryptocurrency asset managers and direct investors through liquidity pools partnerships.
Alessandro Zamboni, CEO at Supply@ME said, “The scale of the market for inventory monetisation is immense. For too long, the inventory which businesses hold has been a cash drain until it is sold. Traditional lenders have offered discount rates and highly restrictive covenants. Supply chains have yet to recover from Covid-19 and the shift to “just in case” from “just in time” means that the costs which businesses have had to bear have continued to soar. Our Inventory Monetisation facility offers a new, more cost-effective alternative for businesses to free up significant levels of working capital. In VeChain, we have found the ideal, visionary partner to progress this path using digital assets and we are look forward to offering access to this vast new market to more investors.”
Interesting.
https://twitter.com/collectingvet/status/1580858424262242304
We got some news comming up next week, so keep your eyes peeled for that!
We've got lot of cool developments in the works that are going to greatly help grow #VeChain visibility.
We have over 300 enterprice partners and many to come.
POA 2.0
https://twitter.com/collectingvet/status/1579906566765301760
Peak what you thinking?
2 things that stick out to me -
Supply@ME Italy
and
Clearly, the Company's stated intention is to exercise the Mercator Repayment Option after Secondary Admission takes place and once it is in receipt of the Venus Amount - investors are strongly encouraged to bear that in mind.
Good if you speak Italian I think!
https://twitter.com/SprianoComm/status/1574094202727718913
https://twitter.com/eisenreich/status/1569496964957618182
VeChain Foundation Retweeted
eisenreich
@eisenreich
VeChain x Supply@ME Capital
Congratulations
@SupplyMECapital
on its first successful IM transaction for a client with a "significant market presence" in Europe. ??
Article ??
https://morningstar.co.uk/uk/news/AN_1662974942936155000/supply%40me-achieves-first-inventory-monetisation-transaction.aspx…
#VeChain $VET #Blockchain #Finance #Tech #Business #FinTech #TechNews #Web3
VeChain Foundation
@vechainofficial
·
1h
More information to follow at a special press event detailing our position, mission and plans moving forward as we kick start a new chapter on the European mainland.
#VeChainThor is delivering a revolution.
Follow our socials to stay updated!
#Sustainability #Blockchain $VET
Alessandro Zamboni Retweeted
Supply@ME Capital plc
@SupplyMECapital
·
24m
#SYME #inventorymonetisation
Supply@ME is pleased to announce the execution of its first inventory Monetisation (IM) transaction link to RNS
https://londonstockexchange.com/news-article/SYME/inaugural-im-transaction-executed/15623789
Will done AZ and team, fantastic news!
SYME, the fintech business which provides an innovative fintech platform (the "Platform") for use by manufacturing and trading companies to access Inventory Monetisation© ("IM") solutions enabling their businesses to generate cashflow, is pleased to announce the execution of its first IM transaction.