Connect with us

Technology

Google CEO Task Employees to Spend Hours on Bard to Improve Efficiency

Published

on

Google logo

Google CEO Sundar Pichai in a company mail has tasked employees to spend two or four hours of their time on “Bard”, the company’s AI Chatbot to improve its efficiency.

He reminded employees that Google has not always been the first to launch a product, but that hasn’t affected its ability to win.

He wrote, “I know this moment is uncomfortably exciting, and that’s to be expected. The underlying technology is evolving rapidly with so much potential. Some of our most successful products were not first to market. They gained momentum because they solved important users’ needs and were built on deep technical insights. The most important thing we can do right now is to focus on building a great product and developing it responsibly”.

Pichai further disclosed that Google has thousands of internal and external people who are constantly working on the Chatbot to ensure quality and efficiency in real-world information. He further urged employees to channel their energy and excitement to Bard to make it better.

Investors King understands that recently, Google’s vice president for search Prabhakar Raghavan via an email on Wednesday urged employees to rewrite Bard’s responses to ensure it gets answers right. Employees are encouraged to rewrite answers on topics they understand well.

He wrote, “Bard learns best by example, so taking time to rewrite a response thoughtfully will go a long way in helping us to improve the mode. This is an exciting technology, but still in its early days. We feel a great responsibility to get it right, and your participation in the dog food will help accelerate the model’s training and test its load capacity”.

Google is painstakingly working hard to ensure the efficiency and effectiveness of its chatbot, after the company shares earlier this month, plunged by 8% which is reported to have wiped out $100 million from the company’s valuation after “Bard” answered a question incorrectly.

The incorrect response given by Bard stirred up mixed reactions, which saw analysts say that the tech giant has been caught off-guard by other competitors which can negatively impact its AI chatbot.

Continue Reading
Comments

Fintech

Leatherback Set for International Growth as EFCC Drops all Fraud and Misconduct Allegations

Published

on

Nigeria’s Economic and Financial Crimes Commission (EFCC) has dropped all allegations of fraud and misconduct against Leatherback, a leading financial services technology company, and the company’s CEO, Toyeeb Ibrahim Ibitade.

In November 2023, EFCC announced that it had been made aware of the possibility of fraudulent activities on the Leatherback platform, leading to an investigation into the company’s operations to establish the facts. Cooperating fully with EFCC and working transparently with the organisation’s officials to provide a forensic view of its operations, Leatherback was able to unequivocally prove its innocence, leading the EFCC to drop all allegations and take down all previous communications on its website and social media platforms (Facebook, Instagram, and Twitter) around the matter.

Leatherback supported the EFCC investigation by making over 5,000 printed documents available to officials to enable as much clarity as possible. Leatherback also filed Suspicious Activity Reports (SARs) in the UK and Nigeria.

According to Toyeeb Ibrahim Ibitade, CEO of Leatherback, “I am relieved to see the end of this arduous episode, but I am even more delighted to see that myself and Leatherback, as an organisation, have been completely cleared of all wrongdoing. With this episode firmly behind us, we are poised to accelerate our mission to provide a single access point that empowers individuals and businesses to be truly global, delivering best-in-class financial, payment, and commerce solutions that remove barriers to global growth and mobility for all citizens of the world.”

Headquartered in London, Leatherback is regulated in the United Kingdom, Nigeria, Ethiopia, Canada, India, Pakistan, Nepal, and Sri Lanka, enabling the platform to serve customers across a wide range of markets effectively. Tens of thousands of individuals and businesses already use the platform to support business and lifestyle opportunities every day. Leatherback is also FCA Authorised, PCI DSS Compliant, and ISO Certified.

About Leatherback

Leatherback offers financial services to businesses and individuals in multiple countries with no restrictions. Users can access up to 15 currencies from 21 countries, including NGN, GBP, INR, EUR, USD, and many other currencies. Users can also send and collect money locally and internationally, with invoicing, analytics, and permissions features available for businesses.

For more information, please visit: http://www.leatherback.co

Continue Reading

Fintech

Carbon Acquires Vella Finance to Enhance SME Offerings

Published

on

Carbon - Investors King

Digital financial services provider Carbon has completed the acquisition of Vella Finance, a Nigerian fintech company specializing in serving small and medium-sized enterprises (SMEs).

The acquisition, announced through an official statement on Wednesday, signifies Carbon’s strategic move to bolster its SME offerings.

Although the financial details of the transaction were not disclosed, Carbon’s acquisition of Vella Finance, founded two years ago under its parent company, One Credit Limited, underscores its commitment to expanding its footprint in the fintech space.

Vella Finance’s expertise in AI-powered SME banking solutions particularly caught the attention of Carbon.

Through this acquisition, Carbon aims to leverage Vella Finance’s innovative technology to provide actionable insights from financial transactions to its SME customers.

Tolu Adedayo, co-founder and COO of Vella Finance, expressed enthusiasm about the integration, noting that several team members from Vella Finance have joined Carbon following the acquisition.

Adedayo further revealed that Vella Finance’s 8,000 SME customers would be transitioned to Carbon Business in the near future.

Chijioke Dozie, co-founder of Carbon, emphasized the alignment of values and vision between Carbon and Vella Finance, highlighting the potential for synergies and growth in the SME banking segment.

The acquisition marks a significant milestone for both companies as they aim to revolutionize financial services for SMEs in Nigeria.

Continue Reading

E-commerce

Alibaba Eyes Gulf Expansion, Seeks Partnerships in Saudi and UAE Markets

Published

on

Alibaba CEO Jack Ma gestures as he is introduced to participate in a panel discussion at the APEC CEO Summit in Manila

Alibaba Group Holding Ltd., the prominent Chinese e-commerce giant, is actively pursuing expansion into the Gulf region, notably in Saudi Arabia and the United Arab Emirates (UAE).

Alibaba’s president, Michael Evans, revealed the company’s strategy during a panel discussion at Dubai’s World Government Summit, highlighting a commitment to local partnerships as a key aspect of their approach.

Evans underscored Alibaba’s recent endeavors in Saudi Arabia, indicating a concerted effort to deepen its presence in the region’s burgeoning e-commerce landscape.

The move signifies Alibaba’s strategic pivot towards collaborative ventures following a period of strategic realignment prompted by government scrutiny and leadership changes.

The Gulf’s growing ties with China, driven by mutual economic interests and investment diversification initiatives, present an opportune moment for Alibaba’s expansion efforts.

However, geopolitical complexities, including heightened US scrutiny of China-linked entities, add a layer of challenge to Alibaba’s Gulf aspirations.

As Alibaba seeks to reclaim its leadership position in the global tech industry, the pursuit of partnerships in Saudi Arabia and the UAE underscores the company’s adaptive approach to international expansion.

The success of these ventures could potentially reshape the Gulf’s e-commerce landscape and deepen economic ties between the region and China.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending