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Moneyweb
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Microsoft touts $500 Million AI savings
- Microsoft's Chief Commercial Officer, Judson Althoff, stated that AI tools saved the company over $500 million in call centers last year and improved employee and customer satisfaction.
- Microsoft is utilizing AI to handle interactions with smaller customers, which has already generated tens of millions of dollars.
- AI is responsible for generating 35% of the code for new products at Microsoft, leading to faster launch times.
- Despite recent job reductions at Microsoft, AI implementation is aimed at making employees more effective, particularly in sales roles.
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TheNewsCrypto
2w
303
Forget TIA’s 14% Jump & TON’s $3 Push, BlockDAG’s $0.0016 Price & $2M Summer Raffle Are Winning Over Buyers!
- Crypto markets showcase unpredictability with sudden breakouts and noteworthy developments while maintaining an air of caution.
- TIA experiences a 14% surge but faces challenges with low daily chain fees and modest total value locked, signaling underlying weaknesses.
- Toncoin's breakout above $3 and a significant price prediction upgrade hint at promising momentum, yet sustainability remains uncertain due to volume concerns.
- BlockDAG emerges as a standout player with a unique price point of $0.0016, a $2M Summer Raffle, and an impending GLOBAL LAUNCH release, offering substantial rewards and ROI potential.
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Moneyweb
2w
77
SA earns top spot as target for cyber attacks
- South Africa is identified as a prime target for cyber attacks.
- Interpol's Africa Cyberthreat Assessment Report highlights the country's vulnerability.
- Major financial institutions and businesses are key targets for cyber criminals in SA.
- Emphasis is placed on the need for better cybersecurity measures nationwide.
- Factors like geopolitics and AI advancements play a role in escalating cyber threats.
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Mensjournal
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186
Why Eli Manning Has Lost All Interest in Buying a Piece of the New York Giants
- Eli Manning had shown interest in buying a piece of the New York Giants, where he spent his entire career and led the team to two Super Bowl wins.
- However, after considering the costs, Eli decided against it, citing the high expense of a 1% stake in a team valued at $10 billion.
- While the Giants are valued at $7.85 billion, Eli mentioned he has no interest in owning a part of another team, as it would impact his other commitments, like his role on ESPN's ManningCast.
- Despite his substantial earnings from his NFL career, endorsements, and business ventures, Eli Manning ultimately decided against pursuing an ownership stake in an NFL team.
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Bloomberg Quint
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1.8k
Image Credit: Bloomberg Quint
Microsoft Touts $500 Million In AI Savings While Slashing Jobs
- Microsoft announced cuts of about 15,000 employees this year, with layoffs targeting customer-facing roles like sales.
- Chief Commercial Officer highlighted how AI tools saved Microsoft over $500 million in call centers and improved employee and customer satisfaction.
- Tech executives have emphasized the role of AI in automating tasks currently done by humans.
- AI at Microsoft generated 35% of code for new products, with tools like GitHub Copilot leading in the market.
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Bloomberg Quint
2w
207
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Fed Minutes Show Committee Split Around Inflation Worries
- The Federal Reserve officials are split on the outlook for interest rates, primarily due to differing views on how tariffs might impact inflation.
- Minutes of the Federal Open Market Committee's June meeting revealed that while some expected tariffs to lead to a one-time price increase, most officials were concerned about the potential persistent inflationary effects of tariffs.
- New rate projections indicated that 10 out of 19 officials anticipated at least two rate cuts by the end of the year, with considerable uncertainty surrounding the timing and impact of tariffs on inflation.
- The Fed's patient approach to rate adjustments reflects a cautious stance amid economic uncertainties, including trade policy developments and geopolitical risks.
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TechBullion
2w
51
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Leading with Purpose: Anosh Ahmed’s Blueprint for Modern Entrepreneurs
- Anosh Ahmed emphasizes leading with purpose in modern entrepreneurship over purely metrics-driven leadership.
- His approach involves a clear focus on how ventures can help people, shaping decisions around long-term benefit rather than short-term gains.
- Dr. Ahmed advocates for empathy in leadership, believing it to be essential for building high-performing teams and fostering loyalty.
- His diversified business portfolio is guided by principles of agility, strategic decision-making, and ethical practices, with a strong emphasis on transparency and communication.
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Zycrypto
2w
194
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NEXBRIDGE and NEXPLACE Secure $8 Million Series A to Build Bitcoin-Powered Capital Markets Infrastructure
- NEXBRIDGE and NEXPLACE have secured $8 million in Series A funding led by Fulgur Ventures to build Bitcoin-powered capital markets infrastructure.
- The funding will be used to connect regulated capital markets with Bitcoin-based infrastructure, with plans to consolidate the two entities into a single holding structure after necessary approvals.
- NEXBRIDGE will expand its asset-backed digital products, including USTBL, while NEXPLACE will accelerate platform development for its upcoming public debut.
- This initiative aims to bring traditional capital market safeguards onto Bitcoin rails and offer regulated digital assets with global access, transforming market structure through blockchain technology.
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Zycrypto
2w
17
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Status (SNT) Launches World’s First Natively Gasless Layer 2 on Testnet, Built on Consensys’ Linea Stack
- Status has launched the world's first natively gasless Layer 2 network on testnet, replacing sequencer fees with native yield and app revenues for seamless onboarding.
- Built on Consensys' Linea stack, the zkEVM rollup aims to enhance Ethereum scalability and sustainability.
- The network offers a revenue model eliminating transaction fees by funding builders and liquidity providers through bridged yield and native app fees.
- Status Network's gasless design generates revenue through yield rather than gas, attracting more users and deposits to ensure sustained returns and benefits for the community.
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Moneyweb
2w
316
South Africa’s central bank could lower CPI goal in July
- The South African Reserve Bank (Sarb) may lower its inflation target to 3% with a possible 1% plus-or-minus tolerance band, down from the current 4.5% goal, at the upcoming policy meeting.
- The Sarb governor Lesetja Kganyago mentioned that a review of the 3% to 6% inflation goal will be finalized soon, leveraging the country's current low price pressures.
- Citigroup pointed out reasons why the central bank might proceed with adjusting the framework, such as low inflation expectations and the potential benefits of aiming for a 3% goal.
- The adjustment to a lower inflation target could have positive impacts on public finances, and with price pressures expected to remain low, a shift now would allow the National Treasury time to incorporate it into the mid-term budget review in October.
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TechBullion
2w
307
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From Passive Loyalty to Playful Engagement: How Blings is Rewriting the Gen Z Loyalty Playbook
- Blings focuses on engaging Gen Z through interactive, personalized video content at Loyalty360 Expo.
- Gen Z's 8-second attention span demands visual storytelling and instant response, challenging traditional methods.
- The shift towards playful engagement involves user-generated content and interactive videos, driving higher engagement.
- Blings' innovative MP5 format generates personalized videos instantly on users' devices for scalability and security.
- Interactive experiences like quizzes are key in gathering zero-party data and enhancing personalized content.
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Forbes
2w
173
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Small Business And Gig Workers Score A 23% Tax Break Under New Law
- The One Big Beautiful Bill Act will increase the QBI deduction for pass-through businesses and gig workers from 20% to 23% starting in 2026, with the elevated rate being made permanent.
- The tax break benefits high-income individuals, particularly specified service professionals, while offering less to low- and moderate-income workers.
- Data suggests that the top 1% of taxpayers received a significant portion of the pass-through business income, with high earners benefiting more from the QBI deduction due to higher tax rates.
- Despite the tax break, there is no evidence linking the QBI deduction to increased business market growth, investments, job creation, or higher wages for pass-through business employees.
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Bloomberg Quint
2w
406
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Domestic Pharma Industry Will Have To Pass On High Tariff Impact To US Consumers
- The domestic pharmaceutical industry may have to increase prices for US market products due to a potential 200% import tariff imposed by the Trump administration.
- Indian pharma companies are concerned about the impact as the US market accounts for a significant portion of their revenue.
- The imposition of high tariffs could lead to cost increases for Indian companies and potentially affect export growth and profitability.
- Indian pharmaceutical companies supply a substantial proportion of drugs to US residents, with potential tariff changes impacting healthcare costs and shortages.
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Bloomberg Quint
2w
337
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Piyush Goyal: FTAs With Australia, UAE, UK To Give More Market Access To Indian Agri Sector
- India's Commerce and Industry Minister Piyush Goyal stated that free trade agreements with developed markets like Australia, UAE, and UK will offer increased market access to the Indian agricultural sector.
- Despite the global economic slowdown, India's agriculture, animal husbandry, and fishery exports amounted to Rs 4 lakh crore.
- India has already implemented trade agreements with Australia and the UAE in 2022. Additionally, an FTA with the European Free Trade Association (EFTA) is expected to be implemented later this year.
- A trade pact with the UK was recently announced and is anticipated to be signed soon. EFTA comprises Iceland, Liechtenstein, Norway, and Switzerland.
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Bloomberg Quint
2w
432
Image Credit: Bloomberg Quint
Work-Life Balance: Slog Beyond 9 Hours? Then Pay More, IT Staff Union Leader To Employers
- IT staff union leader in India, Rahul Das, advocates for fair compensation for working beyond 9 hours to improve work-life balance according to labour laws.
- Clinical psychologist Shreya Manot emphasizes the importance of allowing flexibility in working hours as rigid timelines can hinder productivity and autonomy.
- Neeti Sharma, CEO at Teamlease Digital, highlights that trust and support are crucial for enhancing performance, especially in a hybrid work environment.
- Das suggests that companies should align their policies with labor laws, pay employees for overtime work, and ensure fair compensation to maintain a balance between employers and employees.
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