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#Investor Relations Software
sarojmarketreserch · 4 months
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Global Investor Relations Software Market SWOT Analysis by Size, Status and Forecast 2022 to 2030
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Investor Relations Software Market to Get Explosive Growth
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Latest Global Investor Relations Software Market study with 100+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyze futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2030. A significant region that is speeding up marketization is used to split the market study. Some of the leading players covered such as Navatar Group, Inc (United States), Backstop Solutions Group, LLC (United States), iPR Software, Inc. (United States), Cision Norge AS (Sweden), Intralinks, Inc. (United States), ALTVIA SOLUTIONS, LLC (United States), ingage IR Ltd (United Kingdom), Q4 Inc. (United States), B2i Technologies, Inc. (United States), Dynamo Software, Inc. (United States), EQS (United States).
Download Sample Report PDF (Including Full TOC, Table & Figures) 👉 https://www.htfmarketintelligence.com/sample-report/global-investor-relations-software-market
According to HTF Market Intelligence, the Global Investor Relations Software market to witness a CAGR of 7.41% during forecast period of 2024-2030. The market is segmented by Application (Wealth Management, Venture Capital, Deal Management, Funds Management, Asset Management, Others) by Type (IR Website Hosting spend, IR CRM Spend, IR Events Management spend, IR ESG spend, IR Tools (Research and market intelligence)) by Platform (Windows, IOS, Android) by Deployment (On-Premise, Cloud-based) by End Users (Private Firms, Public Firms) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Investor Relations Software market size is estimated to increase by USD 683.30Million at a CAGR of 7.41% from 2024 to 2030. The report includes historic market data from 2021 to 2024E. Currently, market value is pegged at USD 1275.81Million
Definition:
The global investor relations software is expected to grow at a healthy pace during the forecast period. The growing demand for automation across different end-use industries for their operations in order to increase the productivity & organisational efficiency and the rising adoption of real-time documentation & management technologies are expected to be the driving factors of the market Market Trends:
Implementation of IoT & Artificial Intelligence in Investor Relations Software Platforms
Market Drivers:
Growing Demand for Automation Across Various Industries
The Rising Awareness for Real-Time Documentation & Management
Market Opportunities:
Industry 4.0 will Create Huge Opportunities for Market Vendors in Near Future
Investor Relations Software Market Competitive Analysis:Know your current market situation! Not just new products but ongoing products are also essential to analyze due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue. Have a question? Market an enquiry before purchase @ https://www.htfmarketintelligence.com/enquiry-before-buy/global-investor-relations-software-market
Players Included in Research Coverage: Navatar Group, Inc (United States), Backstop Solutions Group, LLC (United States), iPR Software, Inc. (United States), Cision Norge AS (Sweden), Intralinks, Inc. (United States), ALTVIA SOLUTIONS, LLC (United States), ingage IR Ltd (United Kingdom), Q4 Inc. (United States), B2i Technologies, Inc. (United States), Dynamo Software, Inc. (United States), EQS (United States)
Additionally, Past Investor Relations Software Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered. Segmentation and Targeting: Essential demographic, geographic, psychographic, and behavioral information about business segments in the Investor Relations Software market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behavior, and patterns. Investor Relations SoftwareProduct Types In-Depth: IR Website Hosting spend, IR CRM Spend, IR Events Management spend, IR ESG spend, IR Tools (Research and market intelligence) Investor Relations Software Major Applications/End users: Wealth Management, Venture Capital, Deal Management, Funds Management, Asset Management, Others Investor Relations Software Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
Buy Now Latest Edition of Investor Relations Software Market Report 👉 https://www.htfmarketintelligence.com/buy-now?format=3&report=1938
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AI’s productivity theater
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Support me this summer on the Clarion Write-A-Thon and help raise money for the Clarion Science Fiction and Fantasy Writers' Workshop!
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When I took my kid to New Zealand with me on a book-tour, I was delighted to learn that grocery stores had special aisles where all the kids'-eye-level candy had been removed, to minimize nagging. What a great idea!
Related: countries around the world limit advertising to children, for two reasons:
1) Kids may not be stupid, but they are inexperienced, and that makes them gullible; and
2) Kids don't have money of their own, so their path to getting the stuff they see in ads is nagging their parents, which creates a natural constituency to support limits on kids' advertising (nagged parents).
There's something especially annoying about ads targeted at getting credulous people to coerce or torment other people on behalf of the advertiser. For example, AI companies spent millions targeting your boss in an effort to convince them that you can be replaced with a chatbot that absolutely, positively cannot do your job.
Your boss has no idea what your job entails, and is (not so) secretly convinced that you're a featherbedding parasite who only shows up for work because you fear the breadline, and not because your job is a) challenging, or b) rewarding:
https://pluralistic.net/2024/04/19/make-them-afraid/#fear-is-their-mind-killer
That makes them prime marks for chatbot-peddling AI pitchmen. Your boss would love to fire you and replace you with a chatbot. Chatbots don't unionize, they don't backtalk about stupid orders, and they don't experience any inconvenient moral injury when ordered to enshittify the product:
https://pluralistic.net/2023/11/25/moral-injury/#enshittification
Bosses are Bizarro-world Marxists. Like Marxists, your boss's worldview is organized around the principle that every dollar you take home in wages is a dollar that isn't available for executive bonuses, stock buybacks or dividends. That's why you boss is insatiably horny for firing you and replacing you with software. Software is cheaper, and it doesn't advocate for higher wages.
That makes your boss such an easy mark for AI pitchmen, which explains the vast gap between the valuation of AI companies and the utility of AI to the customers that buy those companies' products. As an investor, buying shares in AI might represent a bet the usefulness of AI – but for many of those investors, backing an AI company is actually a bet on your boss's credulity and contempt for you and your job.
But bosses' resemblance to toddlers doesn't end with their credulity. A toddler's path to getting that eye-height candy-bar goes through their exhausted parents. Your boss's path to realizing the productivity gains promised by an AI salesman runs through you.
A new research report from the Upwork Research Institute offers a look into the bizarre situation unfolding in workplaces where bosses have been conned into buying AI and now face the challenge of getting it to work as advertised:
https://www.upwork.com/research/ai-enhanced-work-models
The headline findings tell the whole story:
96% of bosses expect that AI will make their workers more productive;
85% of companies are either requiring or strongly encouraging workers to use AI;
49% of workers have no idea how AI is supposed to increase their productivity;
77% of workers say using AI decreases their productivity.
Working at an AI-equipped workplaces is like being the parent of a furious toddler who has bought a million Sea Monkey farms off the back page of a comic book, and is now destroying your life with demands that you figure out how to get the brine shrimp he ordered from a notorious Holocaust denier to wear little crowns like they do in the ad:
https://www.splcenter.org/fighting-hate/intelligence-report/2004/hitler-and-sea-monkeys
Bosses spend a lot of time thinking about your productivity. The "productivity paradox" shows a rapid, persistent decline in American worker productivity, starting in the 1970s and continuing to this day:
https://en.wikipedia.org/wiki/Productivity_paradox
The "paradox" refers to the growth of IT, which is sold as a productivity-increasing miracle. There are many theories to explain this paradox. One especially good theory came from the late David Graeber (rest in power), in his 2012 essay, "Of Flying Cars and the Declining Rate of Profit":
https://thebaffler.com/salvos/of-flying-cars-and-the-declining-rate-of-profit
Graeber proposes that the growth of IT was part of a wider shift in research approaches. Research was once dominated by weirdos (e.g. Jack Parsons, Oppenheimer, etc) who operated with relatively little red tape. The rise of IT coincides with the rise of "managerialism," the McKinseyoid drive to monitor, quantify and – above all – discipline the workforce. IT made it easier to generate these records, which also made it normal to expect these records.
Before long, every employee – including the "creatives" whose ideas were credited with the productivity gains of the American century until the 70s – was spending a huge amount of time (sometimes the majority of their working days) filling in forms, documenting their work, and generally producing a legible account of their day's work. All this data gave rise to a ballooning class of managers, who colonized every kind of institution – not just corporations, but also universities and government agencies, which were structured to resemble corporations (down to referring to voters or students as "customers").
Even if you think all that record-keeping might be useful, there's no denying that the more time you spend documenting your work, the less time you have to do your work. The solution to this was inevitably more IT, sold as a way to make the record-keeping easier. But adding IT to a bureaucracy is like adding lanes to a highway: the easier it is to demand fine-grained record-keeping, the more record-keeping will be demanded of you.
But that's not all that IT did for the workplace. There are a couple areas in which IT absolutely increased the profitability of the companies that invested in it.
First, IT allowed corporations to outsource production to low-waged countries in the global south, usually places with worse labor protection, weaker environmental laws, and easily bribed regulators. It's really hard to produce things in factories thousands of miles away, or to oversee remote workers in another country. But IT makes it possible to annihilate distance, time zone gaps, and language barriers. Corporations that figured out how to use IT to fire workers at home and exploit workers and despoil the environment in distant lands thrived. Executives who oversaw these projects rose through the ranks. For example, Tim Cook became the CEO of Apple thanks to his successes in moving production out of the USA and into China.
https://archive.is/M17qq
Outsourcing provided a sugar high that compensated for declining productivity…for a while. But eventually, all the gains to be had from outsourcing were realized, and companies needed a new source of cheap gains. That's where "bossware" came in: the automation of workforce monitoring and discipline. Bossware made it possible to monitor workers at the finest-grained levels, measuring everything from keystrokes to eyeball movements.
What's more, the declining power of the American worker – a nice bonus of the project to fire huge numbers of workers and ship their jobs overseas, which made the remainder terrified of losing their jobs and thus willing to eat a rasher of shit and ask for seconds – meant that bossware could be used to tie wages to metrics. It's not just gig workers who don't score consistent five star ratings from app users whose pay gets docked – it's also creative workers whose Youtube and Tiktok wages are cut for violating rules that they aren't allowed to know, because that might help them break the rules without being detected and punished:
https://pluralistic.net/2024/01/13/solidarity-forever/#tech-unions
Bossware dominates workplaces from public schools to hospitals, restaurants to call centers, and extends to your home and car, if you're working from home (AKA "living at work") or driving for Uber or Amazon:
https://pluralistic.net/2020/10/02/chickenized-by-arise/#arise
In providing a pretense for stealing wages, IT can increase profits, even as it reduces productivity:
https://pluralistic.net/2024/01/11/robots-stole-my-jerb/#computer-says-no
One way to think about how this works is through the automation-theory metaphor of a "centaur" and a "reverse centaur." In automation circles, a "centaur" is someone who is assisted by an automation tool – for example, when your boss uses AI to monitor your eyeballs in order to find excuses to steal your wages, they are a centaur, a human head atop a machine body that does all the hard work, far in excess of any human's capacity.
A "reverse centaur" is a worker who acts as an assistant to an automation system. The worker who is ridden by an AI that monitors their eyeballs, bathroom breaks, and keystrokes is a reverse centaur, being used (and eventually, used up) by a machine to perform the tasks that the machine can't perform unassisted:
https://pluralistic.net/2023/04/12/algorithmic-wage-discrimination/#fishers-of-men
But there's only so much work you can squeeze out of a human in this fashion before they are ruined for the job. Amazon's internal research reveals that the company has calculated that it ruins workers so quickly that it is in danger of using up every able-bodied worker in America:
https://www.vox.com/recode/23170900/leaked-amazon-memo-warehouses-hiring-shortage
Which explains the other major findings from the Upwork study:
81% of bosses have increased the demands they make on their workers over the past year; and
71% of workers are "burned out."
Bosses' answer to "AI making workers feel burned out" is the same as "IT-driven form-filling makes workers unproductive" – do more of the same, but go harder. Cisco has a new product that tries to detect when workers are about to snap after absorbing abuse from furious customers and then gives them a "Zen" moment in which they are showed a "soothing" photo of their family:
https://finance.yahoo.com/news/ai-bringing-zen-first-horizons-192010166.html
This is just the latest in a series of increasingly sweaty and cruel "workplace wellness" technologies that spy on workers and try to help them "manage their stress," all of which have the (totally predictable) effect of increasing workplace stress:
https://pluralistic.net/2024/03/15/wellness-taylorism/#sick-of-spying
The only person who wouldn't predict that being closely monitored by an AI that snitches on you to your boss would increase your stress levels is your boss. Unfortunately for you, AI pitchmen know this, too, and they're more than happy to sell your boss the reverse-centaur automation tool that makes you want to die, and then sell your boss another automation tool that is supposed to restore your will to live.
The "productivity paradox" is being resolved before our eyes. American per-worker productivity fell because it was more profitable to ship American jobs to regulatory free-fire zones and exploit the resulting precarity to abuse the workers left onshore. Workers who resented this arrangement were condemned for having a shitty "work ethic" – even as the number of hours worked by the average US worker rose by 13% between 1976 and 2016:
https://pluralistic.net/2024/01/11/robots-stole-my-jerb/#computer-says-no
AI is just a successor gimmick at the terminal end of 40 years of increasing profits by taking them out of workers' hides rather than improving efficiency. That arrangement didn't come out of nowhere: it was a direct result of a Reagan-era theory of corporate power called "consumer welfare." Under the "consumer welfare" approach to antitrust, monopolies were encouraged, provided that they used their market power to lower wages and screw suppliers, while lowering costs to consumers.
"Consumer welfare" supposed that we could somehow separate our identities as "workers" from our identities as "shoppers" – that our stagnating wages and worsening conditions ceased mattering to us when we clocked out at 5PM (or, you know, 9PM) and bought a $0.99 Meal Deal at McDonald's whose low, low price was only possible because it was cooked by someone sleeping in their car and collecting food-stamps.
https://www.theguardian.com/us-news/article/2024/jul/20/disneyland-workers-anaheim-california-authorize-strike
But we're reaching the end of the road for consumer welfare. Sure, your toddler-boss can be tricked into buying AI and firing half of your co-workers and demanding that the remainder use AI to do their jobs. But if AI can't do their jobs (it can't), no amount of demanding that you figure out how to make the Sea Monkeys act like they did in the comic-book ad is doing to make that work.
As screwing workers and suppliers produces fewer and fewer gains, companies are increasingly turning on their customers. It's not just that you're getting worse service from chatbots or the humans who are reverse-centaured into their workflow. You're also paying more for that, as algorithmic surveillance pricing uses automation to gouge you on prices in realtime:
https://pluralistic.net/2024/07/24/gouging-the-all-seeing-eye/#i-spy
This is – in the memorable phrase of David Dayen and Lindsay Owens, the "age of recoupment," in which companies end their practice of splitting the gains from suppressing labor with their customers:
https://prospect.org/economy/2024-06-03-age-of-recoupment/
It's a bet that the tolerance for monopolies made these companies too big to fail, and that means they're too big to jail, so they can cheat their customers as well as their workers.
AI may be a bet that your boss can be suckered into buying a chatbot that can't do your job, but investors are souring on that bet. Goldman Sachs, who once trumpeted AI as a multi-trillion dollar sector with unlimited growth, is now publishing reports describing how companies who buy AI can't figure out what to do with it:
https://www.goldmansachs.com/intelligence/pages/gs-research/gen-ai-too-much-spend-too-little-benefit/report.pdf
Fine, investment banks are supposed to be a little conservative. But VCs? They're the ones with all the appetite for risk, right? Well, maybe so, but Sequoia Capital, a top-tier Silicon Valley VC, is also publicly questioning whether anyone will make AI investments pay off:
https://www.sequoiacap.com/article/ais-600b-question/
I can't tell you how great it was to take my kid down a grocery checkout aisle from which all the eye-level candy had been removed. Alas, I can't figure out how we keep the nation's executive toddlers from being dazzled by shiny AI pitches that leave us stuck with the consequences of their impulse purchases.
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If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2024/07/25/accountability-sinks/#work-harder-not-smarter
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Image: Cryteria (modified) https://commons.wikimedia.org/wiki/File:HAL9000.svg
CC BY 3.0 https://creativecommons.org/licenses/by/3.0/deed.en
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autolenaphilia · 1 year
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Why enshittification happens and how to stop it.
The enshittification of the internet and increasingly the software we use to access it is driven by profit. It happens because corporations are machines for making profits from end users, the users and customers are only seen as sources of profits. Their interests are only considered if it can help the bottom line. It's capitalism.
For social media it's users are mainly seen by the companies that run the sites as a way for getting advertisers to pay money that can profit the shareholders. And social media is in a bit of death spiral right now, since they have seldom or never been profitable and investor money is drying up as they realize this.
So the social media companies. are getting more and more desperate for money. That's why they are getting more aggressive with getting you to watch ads or pay for the privilege of not watching ads. It won't work and tumblr and all the other sites will die eventually.
But it's not just social media companies, it's everything tech-related. It gets worse the more monopolistic a tech giant is. Google is abusing its chrome-based near monopoly over the web, nerfing adblockers, trying to drm the web, you name it. And Microsoft is famously a terrible company, spying on Windows users and selling their data. Again, there is so much money being poured into advertising, at least 493 billion globally, the tech giants want a slice of that massive pie. It's all about making profits for shareholders, people be damned.
And the only insurance against this death spiral is not being run by a corporation. If the software is being developed by a non-profit entity, and it's open source, there is no incentive for the developers to fuck over the users for the sake of profits for shareholders, because there aren't any profits, and no shareholders.
Free and Open source software is an important part of why such software development can stay non-corporate. It allows for volunteers to contribute to the code and makes it harder for users to be secretly be fucked over by hidden code.
Mozilla Firefox and Thunderbird are good examples of this. There is a Mozilla corporation, but it exists only for legal reasons and is a wholly-owned subsidiary of the non-profit Mozilla foundation. There are no shareholders. That means the Mozilla corporation is not really a corporation in the sense that Google is, and as an organization has entirely different incentives. If someone tells you that Mozilla is just another corporation, (which people have said in the notes of posts about firefox on this very site) they are spreading misinformation.
That's why Firefox has resisted the enshittification of the internet so well, it's not profit driven. And people who develop useful plugins that deshitify the web like Ublock origin and Xkit are as a rule not profit-driven corporations.
And you can go on with other examples of non-profit software like Libreoffice and VLC media player, both of which you should use.
And you can go further, use Linux as your computer's operating system.. It's the only way to resist the enshitification that the corporate duopoly of Microsoft and Apple has brought to their operating system. The plethora of community-run non-profit Linux distributions like Debian, Mint and Arch are the way to counteract that, and they will stay resistant to the same forces (creating profit for shareholders) that drove Microsoft to create Windows 11.
Of course not all Linux distributions are non-profits. There are corporate created distros like Red Hat's various distros, Canonical's Ubuntu and Suse's Opensuse, and they prove the point I'm making. There has some degree of enshittification going on with those, red hat going closed source and Canonical with the snap store for example. Mint is by now a succesful community-driven response to deshitify Ubuntu by removing snaps for example, and even they have a back-up plan to use Debian as a base in case Canonical makes Ubuntu unuseable.
As for social media, which I started with, I'm going to stay on tumblr for now, but it will definitely die. The closest thing to a community run non-profit replacement I can see is Mastodon, which I'm on as @[email protected].
You don't have to keep using corporate software, and have it inevitably decline because the corporations that develop it cares more about its profits than you as an end user.
The process of enshittification proves that corporations being profit-driven don't mean they will create a better product, and in fact may cause them to do the opposite. And the existence of great free and open source software, created entirely without the motivation of corporate profits, proves that people don't need to profit in order to help their fellow human beings. It kinda makes you question capitalism.
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sexymemecoin · 3 months
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The Phenomenon of Meme Coins: Humor Meets Cryptocurrency
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The world of cryptocurrency is known for its rapid innovations and diverse applications, but one of the most fascinating and unexpected trends to emerge in recent years is the rise of meme coins. These digital currencies, inspired by internet memes and popular culture, combine the worlds of humor and finance in a way that captivates a broad audience. Meme coins are not just a novelty; they represent a significant shift in how digital assets can be perceived and utilized. This article explores the origins, characteristics, and future potential of meme coins, with a brief mention of one of the notable projects in this space, Sexy Meme Coin.
The Origins of Meme Coins
Meme coins first gained mainstream attention with the creation of Dogecoin in 2013. Dogecoin was initially conceived as a joke by software engineers Billy Markus and Jackson Palmer, who wanted to create a fun alternative to Bitcoin. Featuring the Shiba Inu dog from the popular "Doge" meme as its mascot, Dogecoin quickly garnered a dedicated following. Its community-driven approach and lighthearted nature set it apart from other cryptocurrencies, paving the way for a new category of digital assets.
Despite its humorous beginnings, Dogecoin has demonstrated remarkable staying power. It has been used for various charitable causes, tipping content creators online, and even sponsoring NASCAR teams. The coin's success has inspired a plethora of other meme coins, each seeking to capture the magic formula of humor, community, and financial potential.
Key Characteristics of Meme Coins
Community-Centric: Meme coins thrive on the strength of their communities. Unlike traditional cryptocurrencies, which often focus on technological advancements, meme coins rely heavily on community engagement and social media presence. This grassroots approach helps to build a loyal and enthusiastic user base.
Cultural Relevance: Meme coins are deeply rooted in internet culture and trends. They often reflect the latest memes, jokes, and viral content, making them highly relatable and engaging for users who are active on social media platforms.
Accessibility: The playful and humorous nature of meme coins makes them more approachable for the average person compared to more complex cryptocurrencies. This accessibility helps to attract a wider audience, including those who may not have previously considered investing in digital assets.
High Volatility: The value of meme coins can be extremely volatile, driven by social media trends, celebrity endorsements, and viral moments. While this volatility can lead to significant gains, it also poses substantial risks for investors.
The Appeal of Meme Coins
Meme coins offer a unique blend of entertainment and investment potential. They provide a way for people to engage with cryptocurrency in a fun and light-hearted manner, while still offering the possibility of financial returns. This dual appeal has helped to drive the popularity of meme coins, especially among younger generations who are well-versed in internet culture.
The community-driven nature of meme coins also fosters a sense of belonging and participation. Users feel like they are part of a larger movement, contributing to the success of the coin through their engagement and support. This collective effort can lead to a strong sense of camaraderie and loyalty among users.
Notable Meme Coins
While Dogecoin remains the most well-known meme coin, several other projects have emerged, each with its unique twist on the concept. One such project is Sexy Meme Coin, which combines the world of memes with innovative tokenomics and community engagement. You can learn more about Sexy Meme Coin at Sexy Meme Coin.
The Future of Meme Coins
The future of meme coins is both exciting and uncertain. On the one hand, their ability to capture the zeitgeist of internet culture gives them a unique position within the cryptocurrency landscape. As long as memes continue to be a significant part of online culture, meme coins are likely to maintain their relevance and appeal.
On the other hand, the high volatility and speculative nature of meme coins mean that they can be risky investments. Regulatory scrutiny and market fluctuations could impact their long-term viability. However, the community-driven approach of meme coins provides a strong foundation that can help them weather challenges and adapt to changing circumstances.
Conclusion
Meme coins represent a fascinating intersection of humor, culture, and finance. They have brought a new dimension to the world of cryptocurrency, making it more accessible and engaging for a broad audience. While they come with their own set of risks and uncertainties, the community-centric nature of meme coins offers a compelling case for their continued growth and evolution.
As the cryptocurrency landscape continues to evolve, meme coins like Sexy Meme Coin and others will play a crucial role in shaping the future of digital assets. By combining the power of memes with innovative financial technology, these coins have the potential to create lasting impact and redefine how we think about cryptocurrency.
For those interested in exploring the world of meme coins, Sexy Meme Coin offers a unique and entertaining platform. Visit Sexy Meme Coin to learn more and become part of this exciting movement.
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carriesthewind · 1 month
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Yeah so anyway, I'm making my response to this fucking garbage its own separate post in case people want to reblog it without having to reblog a scare-mongering lie.
This video pisses me the fuck off whenever I see it, and today I'm not in the mood to just scroll past.
Wow! Am I being lead to panic by scaremongering algorithm fodder completely unsupported by real evidence?! test:
The reason you think something exists is just what you're being told by a nefarious *them*, there is actually a conspiracy behind it!
I, an ordinary person with no expertise who critically examines the world around me, have uncovered this conspiracy.
"That's what they're telling you." (put the emphasis wherever appropriate for the conspiracy of your choice - in this case, it's on *telling*)
This new tech thing is actually a bad idea and the old school method was better - which clearly proves there must be a secret conspiracy, because why allow the possibility of incompetence and investor tech-hype when you can instead assume a highly-competent evil conspiracy?
I will now tell you my conspiracy theory while scrolling rapidly through a document without pausing or allowing you to actually read any of it. This allows me to look like I have proven my claims while doing nothing of the sort. Because do you really think someone could do that? Quickly flash a document on screen and just lie about what it says?
But Owl! This is real! A user upthread found the patent and it *does* prove it!
Yeah. I read the linked patent. Did you?
Let's quote the "real purpose" hidden in the patent, as claimed out in the video:
"The real purpose of these screens is to use the little camera at the top right here to scan your face and use AI facial expression analysis to judge whether or not you like the packaging designs of the product you're looking for."
This is complete made up horseshit.
First, let's look where the reblogger directs us, to column #4 on page 17:
"Preferably, each retail product container further comprises customer-detecting hardware, such as one or more proximity sensors (such as heat maps) , cameras, facial sensors or scanners, and eye-sensors (i.e., iris-tracking sensors). Assuming cameras are employed, preferably cameras are mounted on doors of the retail product containers. Preferably, the cameras have a depth of field of view of twenty feet or more, and have a range of field of view of 170 degrees with preferably 150 degree of facial recognition ability. Preferably, software is employed in association with the cameras to monitor shopper interactions, serve up relevant advertisement content on the displays, and track advertisement engagement in - store." (emphasis added and references to figures removed for readability)
That is the extent of the "nonconsensual data collection."
Now, to be fair, there is some stuff on page 18 and 19 which kinda-sorta-maybe has at least some relation to the claim in the video:
"Preferably, the controller/data collector is configured such that as a shopper stands or lingers in front of a given retail product container, the display associated with the retail product container changes yet again. At this point, preferably the controller/data collector has been able to use the customer-detecting hardware to effectively learn more about that particular customer, such as gender, age, mood, etc. The controller / data collector is configured to take what has been detected about the customer to determine which advertisement and other information to present to that particular customer on the display associated with the retail product container in front of which the customer is standing. By tracking shopper data in parallel with which advertising content is being served on all displays within the viewing range of the shopper, the retailer and the brands are better served, providing new analytics. As such, the system provides advertising, influence opportunities at the moment of purchasing decision, optimizing marketing spend and generating new revenue streams....
"Additionally, preferably all inputs collected by the IOT devices will be analyzed locally as well as remotely (via cloud) to provide the feedback inputs for the system to push more relevant/targeted content, tailored for the consumer. The analytics are preferably conducted anonymously, images captured by cameras are preferably processed to collect statistics on consumer demographic characteristics: (such as age and gender). This data is preferably subsequently analyzed for additional statistics for the retailers that are valuable for in-store merchandise layout design and smart merchandizing, including the ability to track the shoppers “traffic” areas, known as “heat maps”, areas were [sic] customers would concentrate more and spend more time exploring, etc." (emphasis added and references to figures removed for readability) (And note the repeated emphasis on preferably - they don't have a patent to do any of this.)
Which, like, not great! I fucking hate the idea of shit like this! But there is literally nothing here about monitoring your expressions to sell the data about how you react to packaging!
This isn't a nefarious plan hidden in the patent. It's tech bros adding on totally sick ideas about how they can sell this shit to walgreens. (Because to be clear, I'm sure walgreens's corporate office would love to collect and sell this kind of information. But just because they would, doesn't mean they can or are. And this patent sure as hell doesn't prove it.)
Because let me be clear: the image capture of consumers is so irrelevant to the product that it literally isn't even included in the claims section of the patent.
Because the patent is quite explicit and detailed about the idea they are selling big retails stores on - this is a better, new, innovative, tech-driven way to "provide an innovative advertising solution"! (The words "AI," "intelligent," and "machine learning" are deployed liberally, but in the same way that "blockchain" was a few years ago. It's advertising tech hype.)
I want to make it clear - the OP in the video is straight up lying to you. Whether for fun or profit or just attention, I don't know and I don't care. If you shared this, you probably should have know better, but everyone makes mistakes. OP, on the other hand, is just a fucking liar.
But Owl! What about "the senators looking into this"?
I don't know how to tell you this, but thing linked about is a press release by a politician's office. That doesn't mean it's not true, but it's not evidence on it's own. Like, the letter linked in the link included links to sources, but is not itself evidence (ooh, layers of links to actually get to a source, my favorite)(actually my computer wouldn't even goddam open the links to the source, I had to independently search for it).
Anyway, the letter to Kroger linked in the press release by the senators contains a single sentence and a single link relevant to the claim here (linked for your convenience because it sure as hell wasn't for mine). Unfortunately, this article is itself based on a goddam press release (That isn't linked! Again, you're welcome.)
And when we finally get to the underlying fucking source. "In addition to transforming the customer experience and enhancing productivity for associates, the EDGE Shelf will enable Kroger to generate new revenue by selling digital advertising space to consumer packaged goods (CPGs) brands. Using video analytics, personalized offers and advertisements can be presented based on customer demographics." So it's purporting to something *kind of* like the claim in the video, but an entirely different format completely unrelated to the thing the video is scaremongering about.
Now Kroger did actually start using the advertising screens in 2023. And you can believe what you want about the data privacy claims and the claims about not using video, just sensors (which remember is entirely consistent with the patent). But remember: being skeptical of a company's claims is fine and good! It does not mean you have proven they are lying, and it especially does not prove you have claimed they are doing something extremely specific! And most of the articles, and the letter from the senators, are (much more reasonably) concerned about so-called "dynamic" or surge pricing. (Which is not related to the screens.)
Like goddamn. Aren't there enough real problems with surveillance and price-gorging to be concerned about without having to make up fake ones? Hell, why can't we at least be concerned with the real problems with those dumb screens, which is that the a) make shopping harder and b) catch fire?
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velvettte · 3 months
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part two (previous) || series masterlist (read part one here)
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“so good to hear from you mr. nanami kento. the way you’ve been, you’d almost forget that i made up this whole jujutsu technology thing.”
nanami put a hand up to his temple, realizing that he had forgotten just how much of a pain in the ass his friend turned superior was.
gojo satoru was notorious for revolutionizing the technology field with his creations. jujutsu tech was a frivolous venture — one that he had began to prove to their inner circle of friends and investors that he was truly, one of the most innovative entrepreneurs of all time.
of course, when the load and expectations became quite much, he decided to stick to the press and marketing area and left most of the operations to kento.
“since when did you entertain relations with atlantis solutions?” he sighed, “and i want the straight answer. not some bullshit.”
“ah, i see you’ve met the stunning ceo then. what’s your impression?” from his tone, nanami can practically feel the smirk from gojo across the line.
“answer my question or i will be forced to come and seek you out in person.”
“so stern nanami,” gojo laughs. “look, the only reason i agreed to the deal is because atlantis solutions has the software knowledge we need to expand. there is no reason we shouldn’t meet that profit margin. plus, you need to get around a little.”
“what?” he asks.
“admit it,” gojo laughs again, “they’re your type.”
“i do not mix personal matters with business,” he responds, trying not to think of yesterday’s encounter.
you, soaked in the rain, clothes clinging to soft skin, lips plush and so innocently asking for a ride home — only to be a candidate for taking over both of your companies.
“yes, absolutely your type,” gojo concludes all on his own. “go to that meeting and be yourself.”
with that, gojo drops the call, only moments before his secretary walks in.
“mr. nanami,” she says, “it’s time for the meeting. the atlantis solutions ceo is already in conference room three.”
“of course,” he says, unsurprised that you’re in that room and his heart’s already picked up pace.
the walk to the conference room is agonizing. with every step he attempts to strategize, wondering if he will truly be able to measure up to you. you’re formidable….and distracting, two things that will mess up the focus and clarity he needs to be the ceo that his company needed.
when he walks in, the breath is almost stolen from his lungs when he sees you again. somehow, in the forty five minutes that you’d been gone, you’d managed to make yourself even more stunning than usual.
he supposed you came to him in some state of undress, if how you looked now was your normal presentation.
he took his seat on the other side of the table, looking at his papers and doing everything he could not to look at you until he couldn’t anymore.
“hello there kento,” you say, and he’s winded by the way his first names leaves your lips.
say it again, his thoughts nearly beg, but he regains his composure.
“let’s begin our negotiations.” he says, “starting with this. atlantis solutions ceo must work at our office headquarters if this deal is to go through. i do not want our operations being separate if we are in a business venture together.”
your gasp gives him the confidence he needs to continue.
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read part four here
taglist: @iniyalovesall @debussy42 @chosostonguepiercing @salsakiyoomi @m1gvmi @mysterystarz @prettypyromaniac
send an ask or leave a comment to join the taglist!
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Following disappointing quarterly earnings results by Microsoft and Google owner Alphabet, Reuters reports that AI-related companies lost a whopping $190 billion in stock market value. Microsoft may have eked out a win, with the promise of AI services convincing investors, but even its stock dropped by 0.7 percent in extended trade, per the report. Google's parent company fared much worse, dropping 5.6 percent after missing ad revenue expectations. Meanwhile, AI chip producer AMD also got hit, despite reporting a solid quarter.
[...]
It's still too early to tell if the recent drop in stock value is related to investors becoming weak on AI. Are they spooked by the daunting costs of expanding infrastructure to keep up with a surging appetite? Data centers designed to crunch data for tools like ChatGPT, which Microsoft has integrated into its software, aren't just incredibly expensive to build — they're also extremely pricey to run. In short, has Wall Street really hit peak AI? Are we looking at a bubble that's about to burst? At the end of the day, it's all going to hinge on whether AI companies can figure out a way to make money.
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lawbyrhys · 2 months
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The CrowdStrike Outage Impact on Law Firms
In case you weren't aware, late last night into early this morning, CrowdStrike, a cybersecurity firm, sent out an update to Microsoft software which led to a global outage due to patch issues within their Falcon virus scanner platform. Many law firms around the world employ this software, with the relationship only growing since the partnership with Factor to assist in higher-stakes transactional legal work.
How did the outage actually impact the legal world at large, though? Let's break it down.
Lawyers and law firms were generally unaffected beyoind small-scale inconvenience—at least in the United States. For example, the New York Unified Court System was impacted, as were law publications like Law.com. As stated above, most law firms, courts, and tribunals nationwide were minority impacted or felt no impact whatsoever, as is the case with the Bar Council and sets of chambers. The extent of damages otherwise was limited to temporary disruption to operation, website glitches, and indirect impact on suppliers. UK law firms, though, experienced the bulk of the chaos as it concerns bank communications and payment transfer issues, particularly with staff who aren't member-facing. These issues also appear to have been mostly resolved quickly.
Internationally, impacted firms are using the outage as an opportunity to affirm contingency plans, and similar business continuing policies are in place, as well as
Alex Brown, the head of digital business for international law firm Simmons & Simmons, wrote the following on his LinkedIn: “As we rely more on digital infrastructure, ensuring robust and resilient systems is becoming paramount for companies and society. This event will likely draw increased regulatory and government attention to safeguarding our digital operations.”
It's obvious the outage has had a massively felt impact, but will anybody face consequences?
CloudStrike Holdings, Inc. could face related legal ramifications, as Pomerantz LLP is investigating whether various employees at CrowdStrike were engaged in illegal business practices, such as securities fraud, on behalf of CrowdStrike's investors and interested parties.
Needless to say, it's a technological shit show.
While this post is about the impacts on the legal world, CrowdStrike did release a statement on the situation that I will share here.
“We’re deeply sorry for the impact that we’ve caused to customers, travellers, and anyone affected by this, including our companies." - CrowdStrike CEO George Kurtz via NBC reports.
Was anybody impacted by the CrowdStrike Windows outage last night? Personally, I was not. I was working late and was on a midnight call with a client when I heard about it, but since I was using my work iPhone and wasn't actively accessing any systems at the time; I only found out last night from a friend of mine who works bank security on the East Coast. That said, though, when I walked into work this morning, conversation was ablaze on the topic; although none of us reall had any tangible harm done, it was still an interesting discussion over our morning coffee.
What about you, though? Were you affected?
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phoenixyfriend · 2 years
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Ko-Fi Prompt from 200002:
As an engineering person who has to interact with business/accounting people more often, what are the basics you need to know/understand? Especially for projects. Sometimes I feel like they are talking in a different language.
I found this a little vague, but here we go:
One of the processes a business student is taught is generally how to do large-scale project scheduling. What they see as a necessary deadline often works on different principles entirely than what the production teams (whether engineering, manufacturing, animating, or what have you) are looking at. If you find yourself regularly talking at cross purposes, ask what's in the schedule that's got this set. Accounting or management are much more likely to have knowledge of something you may not have known to take into account, like customs paperwork or legal fees that can only be submitted after a certain point in the project.
Credit and Debit are not what you think they are. They are accounting terms that track the money that comes into the company, money that goes out, and debts incurred. I wouldn't recommend trying to learn more details than that, because it's honestly a headache.
Accounts Receivable tracks money that comes in. Accounts Payable tracks money that goes out.
Accrued Expenses: an expense that has been incurred but not yet paid (basically: invoices you owe)
Depreciation: the loss of value that comes with time and use (think of how your car or laptop loses value when it's not the newest, unused thing in the market)
Revenue: the money that comes in as a direct result of goods sold
Profit: the money left after removing all expenses (supplies, rent, wages, etc.) If a product is sold for five dollars (revenue), and the expense per unit is four dollars, the profit is one dollar.
Margin: the profit in relation to revenue, expressed as a percentage. If the revenue is five dollars, and the profit is one dollar, then the margin is 20%.
Simple interest: increase in debt is based entirely on the original loan amount (the principal of the loan) Compound interest: increase in a loan changes based on the debt quantity at the start of a given period (quarterly, monthly, etc)
Dividends: On a regular basis, investors (people who own stock) are paid a certain amount of money as compensation for owning stock, having paid money to the company to invest at some prior point. This one of the three reasons people buy stock. The others are capital gain, which is the earnings gained when selling stocks after a rise in value, and gaining voting shares to influence the direction of the company (this is what people refer to when talking about controlling interest).
Overhead: Expenses of the business that are not direct, per unit elements of the production. Raw materials and factory worker wages are not overhead. Pretty much everything else is. This includes: company rent, debt repayment, accounting software costs, payroll costs, utilities, equipment maintenance, corporate taxes, certificate fees, advertising costs, and the wages of people who are not directly involved in manufacturing (e.g. R&D, payroll, HR, sales department, and so on).
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georgegraphys · 5 months
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@grbambi63's theory really made me peek into Daimler's 2018, 2019, and 2023 annual report to see the difference between Zetsche's management to Kallenius' management.
Zetsche's objective:
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Kallenius had a similar objective on that too but I won't include it for today because we're not talking about the similarity but... the one thing Kallenius had that Zetsche didn't.
2019 & 2023's Kallenius-term annual report objectives:
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Lower cost base. Reduction of (...) costs.
This isn't just some move that Kallenius added just because he loved saving some pennies but it might be due to the chaos that happens in his first year as a CEO. I am going to highlight two major events here.
1) Diesel Emission Scandal
In the beginning of 2018 (Zetsche's term), Daimler was accused of having shit devices on their control software for their US products but they denied this allegations. Then it was reported that the US authorities were investigating them for diesel emission cheating scandals.
In June 2019, Daimler had to recall 60,000 Mercedes diesel powered cars in Germany, the model affected is the Mercedes-Benz GLK 220 SUV produced between 2012 and 2015, the car is fitted with software aimed at distorting emissions tests. And during the same year, Daimler was fined 870 million euros in Germany for "negligent violation of supervisory duties" in relation to not fully complying with emissions regulations. In 2020, they had to pay $2.2B in settlement.
The scandal got serious actually as "The Daimler boss is also putting the german federal government in trouble. It has its back against the wall internationally because of the fraud committed by its flagship industry. US President Donald Trump has targeted Daimler in the trade dispute and threatened that he no longer wants to see Mercedes cars on Fifth Avenue in New York" source
This crisis ironically started at Zetsche's management but the peak of the case was handled during Kallenius' early stage of leadership 💀💀💀 (I FELT BAD FOR HIM NGL LMAOOO)
2) COVID 19
Do you think Kallenius' trials decrease after his first year? No. COVID-19 happens. They still profit as they are THEE Mercedes but sales were slow at one point. Kallenius and other executives had to take pay cuts due to COVID and even before, COVID he also had to struggle with Daimler's stocks dropping drastically while having to deal with the lawsuit and satisfying the investors. He also said this: (source)
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Looking at how they have interesting differences as CEO. Kallenius is definitely all about cost efficient and maybe this was due to the crisis he felt in 2021 and as a preparation for Daimler's future ventures in focusing more about EQs
Update: Yeah this confirms that he had a pretty rough start to his management year in 2019 due to diesel scandal (source)
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And bold of you to think that Zetsche retired from Mercedes with a bang. No he didn't. (source)
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AND THE BEEF THICKENS as some board member reportedly are against his rise to be the chairman of the supervisory board (source)
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Just a personal thought from me, but what if the reason Kallenius was pissed at LH in 2021 is caused by all these financial wrecks Mercedes are in during these years? They were hit again and again. To add that, Kallenius is very adamant on his cost efficient and cost reduction objectives after these hardships. And at that time, just after 2020, LH demands a raise. A raise from a company who is literally in the trenches fighting for a surplus and good result from all the legal battles they're in and COVID that caused the board members and employees to get paid cuts. Maybe this was what pissed Kallenius off? Because at that time, Mercedes wasn't doing so well and suddenly, LH asked for pay raise to a guy who is very set and clear about saving every pennies 😭😭 That must've pissed the hell out of him. I'm not saying Lewis is wrong but kinda 💀💀 to think that the butterfly effect from that moment of their contract negotiation in 2021 to what is happening rn in 2024 💀💀.
If that is true then Zetsche is the catalyst for the butterfly effect happening rn:
Zetsche diesel scandal>Him retiring>Kallenius' rise to position>Mercedes financial flopification due to dieselgate and covid>LH demanding more salary>Cost efficient and suffering Kallenius, with his hands full on Zetsche's mess, getting pissed at LH>LH and Mercedes fallout>Kallenius using George as a piece in the contract negotiation>Toto Wolff power decrease in Kallenius' era>George to Mercedes>Another contract negotiation problems>Ambassadorial promise getting yeetus deletus-ed>LH pissed>Ferrari move early>George steps forward as team leader
If this is real. If the butterfly effect is real, then it's crazy.
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https://www.htfmarketintelligence.com/report/global-investor-relations-software-market
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titleknown · 2 years
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Robomaus wrote this disquieting vision of a possible future, shared with permission, where the anti-AI art push "wins" that I think any anti-AI folks should take pause over, if only because it's one where nobody wins except the megacorps:
2023-2024: An unknown number of challengers hop on the bandwagon of suing a handful of AI companies publishing open-source (er, relatively) models and software. Their PR campaign is centered around the abuses of closed platforms such as OpenAI, and continued reliance on public technical misunderstandings.
2025: Butterick, Getty, or some unknown challenger wins the lawsuit. Styles are now copyrightable or "infringeable" in some form, and all input has to be licensed before being used in a model that has any potential of being used for profit in any form whatsoever. Research on generative models continues in a handful of European universities where data mining is still legal for purely academic purposes. After additional lobbying, the USCO decision is reversed, allowing for AI-generated works to be copyrighted by the prompter.
2026: Midjourney disappears into the night. Stability AI declares bankruptcy. OpenAI is able to pay their legal fees by a bailout from Elon Musk and Peter Thiel-types after a public shift to "anti-wokeism", but will never live up to the "open" standard or publish any models, or access to them. Emad becomes an angel investor and technical advisor for Drawful (no relation to the game), an AI-generated licensed art startup.
2027: DeviantArt is bought by ArtStation and is now an archive and source for additional ad revenue. If they haven't been already, Midjourney's model-training techniques are leaked. Models are widely shared on pirate sites with names such as www27.notavirus.modelputlocker.ru. Since Automatic1111's webui doesn't actually contain any models, it's left up for research purposes, or easily downloadable. However, most AI research is now moved in house by new divisions of major publishing companies, who are now also lobbying to have access to consumer GPUs restricted.
2028: Drawful and Soundful are now in open beta, if they haven't been already! Now you can make art in the style your favorite artists for only $30 a month; however, any art you prompt, in addition to any derivative work you make from the art you prompt, is owned by the service. Licensing costs extra.
Although they make it easy to train your own model by uploading a folder of your own work, artists get paid a fraction of a cent per generation on these sites, decided by a mixture of nearest-match reverse CLIP search, and a dropdown menu suggesting "popular styles" such as classic Disney, Pixar, and whatever limited-time offer corporate crossover event is currently happening. Signing away your right to be trained on is common practice in the industry. When you sign away your right, you also sign away the rights to all works created by fine-tuning a model on your work. The "most liked" works on the site have a chance to be re-recorded by the artist, with no credit whatsoever to the prompter. After all, they only came up with the idea and happened to like what came out of the AI; anyone can do that.
The scary part of this is, the ideas don't come out of nowhere, according to the author, this is directly based on what happened with Napster, Facebook and Spotify.
Which I think any artists cheering on the idea of applying a Spotify model to AI art should take pause over...
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evasblog1 · 5 months
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Navigating the Maze of Crypto Scams: Effective Strategies for Prevention and Recovery
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Introduction: The Rising Threat of Cryptocurrency Scams
As cryptocurrencies gain widespread acceptance, the lure of quick profits has not only attracted investors but also cybercriminals, leading to a surge in crypto-related scams. Protecting your digital assets against these threats requires a proactive approach, encompassing awareness, prevention, and recovery strategies.
Understanding Crypto Scams: The Basics
Identifying Common Types of Cryptocurrency Scams
Cryptocurrency scams can take various forms, each designed to part unsuspecting victims from their digital assets. Some prevalent types include:
Investment Scams: These scams promise extraordinary returns through crypto investments and are often structured like traditional Ponzi schemes.
Exchange Scams: Victims are tricked into using fake cryptocurrency exchanges, which may disappear overnight.
Wallet Scams: Scammers create fake wallets to steal user credentials and drain their holdings.
ICO Scams: Initial Coin Offerings (ICO) that are fraudulent, where the crypto token is either non-existent or the ICO itself is based on false promises.
Red Flags and Warning Signs
The key to avoiding cryptocurrency scams is recognizing warning signs, such as:
Promises of guaranteed high returns with little risk.
Anonymous teams or unverifiable developer identities.
Pressure to invest quickly or offers that seem too good to be true.
Techniques for Investigating Crypto Scams
Unraveling crypto scams requires a blend of technical expertise and investigative rigor. Effective techniques include:
Blockchain Analysis: Tools and software are used to analyze transactions and track the flow of stolen funds across the blockchain.
IP Address Tracking: Identifying the IP addresses associated with fraudulent activities can help pinpoint the scammer’s location.
Collaboration with Regulatory Bodies: Working with cryptocurrency exchanges and regulatory authorities can help in freezing fraudulent accounts.
Strategies for Recovering Lost Cryptocurrencies
Losing cryptocurrency to a scam can be devastating, but there are ways to attempt recovery:
Act Quickly: Immediate action can increase the chances of recovering stolen assets.
Crypto Recovery Services: Specialized services can assist in tracing lost or stolen cryptocurrencies and negotiating their return.
Legal Recourse: In some cases, legal intervention might be required to recover large sums.
Preventative Measures to Secure Your Assets
Implementing robust security measures is crucial in safeguarding your cryptocurrencies:
Utilize two-factor authentication (2FA) for all transactions.
Store large amounts of cryptocurrency in cold storage solutions.
Educate yourself continually about new types of scams in the crypto space.
Conclusion: Staying One Step Ahead of Crypto Scammers
As the crypto market continues to evolve, so too do the tactics of scammers. Staying informed, vigilant, and proactive is your best defense against these digital threats. For victims of crypto fraud, recovery may be challenging but not impossible, with the right guidance and support. For comprehensive support in crypto fraud investigation and recovery, visit www.einvestigators.net, your trusted partner in protecting and recovering your digital wealth.
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Harnessing Reddit to Build Your Clientele as a Financial Advisor: A Guide to Compliance and Engagement
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In the dynamic digital world, staying ahead in the financial advisory business requires excellent financial acumen and proficiency in digital marketing. With various social media platforms at your disposal, knowing how to utilize each one’s unique capabilities can bring prospective clients your way. One such platform is Reddit, often dubbed “the front page of the internet.” Despite being overlooked by many financial advisors, this platform provides a wealth of opportunities for interaction, engagement, and promotion of advisory services.
Understanding Reddit’s Landscape
Reddit is not your average social media platform. It’s a community building and engagement hub, hosting countless “subreddits” or communities around specific topics, including personal finance, investing, retirement planning, and wealth management. By actively participating in these communities, you can position yourself as a trusted industry expert, attracting clients who value your expertise and insights.
Identify Relevant Subreddits
Your first move should be to pinpoint subreddits that align with your niche. Subreddits, such as r/personalfinance, r/investing, and r/financialindependence, are filled with members discussing a broad range of finance-related topics. Regular participation in these discussions will allow you to understand the common queries, concerns, and insights that members share.
Share Valuable Content
On Reddit, content truly is king. Users appreciate content that educates, informs, or entertains. Once you’ve identified common concerns and issues, you can start sharing high-quality content that addresses these needs. Whether it’s blog posts, infographics, insightful videos, or insightful comments on existing threads, your goal should be showcasing your expertise and value, not blatant self-promotion.
Interact and Engage
Reddit thrives on genuine interaction and engagement. Respond proactively to queries, ask thought-provoking questions, and offer valuable insights. Such actions will make you a valued member of the community and highlight your expertise and commitment, making potential clients more likely to trust you with their financial needs.
Staying Compliant with SEC and FINRA Regulations
As a Certified Financial Planner (CFP), it’s paramount to remain compliant with the regulations set by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). These guidelines emphasize transparency, integrity, and investor protection from misleading or fraudulent activities. Here are a few key principles to keep in mind:
Transparency and Honesty: Never misrepresent your qualifications, services, or products. Any advice you provide should be honest, realistic, and based on your professional expertise.
Avoid Personalized Financial Advice: To stay compliant, avoid offering specific financial advice. Instead, share general financial information and strategies that are educational in nature.
Adhere to Advertising and Testimonial Rules: Be mindful of SEC and FINRA rules governing advertising. Avoid misleading statements or false claims about your services. Be careful with using upvotes, as they can be seen as testimonials, which are strictly regulated.
Maintain Archival Records: All communications related to your business on Reddit should be archived as per SEC and FINRA regulations. Consider using archiving tools or software for this.
Frequent Monitoring and Review: Regularly review your Reddit activities to ensure compliance. Many firms employ a dedicated compliance officer for this purpose.
Use Reddit’s Advertising Platform
Beyond organic growth and engagement, consider using Reddit’s advertising platform. With precise targeting capabilities, you can create targeted ads for specific subreddits, reaching a highly relevant audience (leads).
Follow-up
Ensure you follow up promptly when users show interest or ask for more details. Whether they message you privately or comment on your posts, a timely, informative response can turn a potential lead into a client.
When used effectively, Reddit can be a powerful tool for financial advisors. The platform presents an opportunity to showcase your expertise, build trust, and connect with prospective clients. Consistency, genuineness, and compliance are your allies in this process. Happy Redditing!
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leftymasterrace · 10 months
Video
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Tips On How To Manage Your Finances Better If You're An IRA Gold Investor
Self Improvement for Your Business Through Proper Money Management Are you thinking of going into business yourself? You'll find that many like being their own boss because they're in charge of how much they make and how much they get to spend. Then again,Tips On How To Manage Your Finances Better If You're An IRA Gold Investor Articles managing business finances isn't exactly a simple matter. In fact, even click here those who've successfully lived by sticking to a budget in their personal lives can have a tough time managing the finances of their business.
Fortunately, you can do some things that will make it so much easier on you to manage your business finances. Continue reading if you'd like to know how you can be a better money manager for your own business. Avoid combining your gold IRA investing and personal expenses in one account. Sure, it may seem easy to manage your finances, personal and business, if you just have one account right now, but when your business really takes off, you're going to wish you had a separate account.
If you decide to use your personal account for running your business expenses, it can be a real challenge to prove your income. In addition, it will be difficult to sort through your financial record when tax season comes and figure out which expenses are business related and which expenses were personal in nature. You'll be able to manage your finances better if you separate the business expenses from the personal expenses. Learn how to keep your books. Make sure you've got a system set up for your money, whether it's business or personal. For this, you can use a basic spreadsheet or go with software like Quicken. You could also try to use a personal budgeting tool like Mint.com. The internet is full of free resources on how you can manage your small business bookkeeping.
Your books are your key to truly understanding your money because they help you see what is happening with your business (and personal) finances. And if you simply can't afford to hire a bookkeeper at this time, you'll benefit from taking a basic bookkeeping and accounting class. Don't throw away your receipt. These receipts are going to be heaven-sent if the IRS ever come knocking at your door demanding to see proof of what you've been spending and where you've been spending your money on. For another, they act as a record of all of your expenditures. It's better if you keep all your receipts in one drawer.
This will make it easy for you to track down certain amounts for expenditures you may not recognize in your bank account because you didn't write them down. Get yourself a small accordion file and keep your receipt there. Have this file easily accessible too. When you know the right way to manage your finances, you can expect not just your business to improve but yourself overall as well. You've read just three money management tips that you can use to help you manage your finances better. When you have that under control, the sky is the limit!
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