Image Source: Pixabay With U.S. regulators effectively canceling Binance-branded BUSD stablecoin, the world’s largest cryptocurrency exchange is now looking beyond dollar-based stablecoins – and it has received notable interest from potential partners. Patrick Hillmann, Binance’s chief strategy officer, has said that multiple private and public entities have shown interest in collaborating with the exchange on launching another stablecoin, one that might not be dollar-based. "There are very interesting opportunities, particularly in Europe and the Middle East," Hillmann said in an interview with Forbes, without providing more details. The idea of Binance issuing a non-dollar stablecoin is not entirely new. Last week, Binance CEO Changpeng Zhao said in a Twitter post that the company is exploring other issuers and non-USD based stablecoins. However, experts have claimed that such a pivot could prove to be difficult, and the stablecoin might hardly find any significant adoption. For instance, the largest non-dollar fiat-backed stablecoin is currently Euro Tether (EURT), which has a market capitalization of $220 million. In comparison, Tether (USDT), which is dollar-pegged, has a market cap of over $70 billion. “One of the many reasons it has taken so long for non-USD stablecoins to become prevalent is regulations,” said Kevin Zhang, […]

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Microsoft ( MSFT -1.56%) is getting into artificial intelligence with OpenAI-powered search and office assistants, and the market’s reaction was to sell off Alphabet ‘s ( GOOG -1.24%) ( GOOGL -1.22%) stock by nearly 10% . As the theory goes, even if Microsoft peels off just a point or two of market share, it could significantly impact Alphabet’s subsidiary Google’s profitability. And in theory that makes sense. But even big technological shifts take time, and it isn’t as if Google will take this challenge without a fight. The market’s reaction to an AI-powered Microsoft is actually a great buying opportunity for Alphabet stock. One of the best businesses ever It’s hard to argue against the case for Google being one of the best businesses ever. A vast majority of Alphabet’s revenue and profit come from the search engine, and the tentacles of search extend to Android, Gmail, and even YouTube. What’s potentially under threat from Microsoft is the core search business, and that’s why the stock is down. But how likely is a disruption in search? The threat to search If you think about the way we use search today, it’s unlikely to be disrupted by Microsoft’s Bing, which […]

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January saw the markets start off the new year with strong gains, while February has seen them level off. In the last two weeks, the main indexes have seen range-bound trading; investor sentiment remains upbeat for now, but there is some doubt about where stocks are headed longer-term. It is an environment that makes it hard to find the potential winners. What’s needed is a tool to cut through the uncertainty. The Smart Score tool, at TipRanks, is designed to do just that. At base, the tools collects and collates data – and then measures it against a set of 8 factors all known as solid predictors of future outperformance. The Smart Score itself is a single-digit score, distilled from the data set and presented on a scale of 1 to 10, from lowest to highest. A ‘perfect 10,’ the highest possible, indicates a stock for which the stars have aligned – and one that investors should give a second look. We’ve dipped into the TipRanks database to pull up the details on two stocks that are each showing that ‘Perfect 10’ Smart Score. According to the data, these are both Strong Buy equities with plenty of upside potential. […]

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Source: Shutterstock Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of CEMEX, S.A.B. de C.V. ( BMV:CEMEXCPO ) as an investment opportunity by projecting its future cash flows and then discounting them to today’s value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. It may sound complicated, but actually it is quite simple! Remember though, that there are many ways to estimate a company’s value, and a DCF is just one method. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you. The Calculation We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second ‘steady growth’ period. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren’t available we extrapolate the previous free cash flow (FCF) from the last estimate […]

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What does ChatGPT mean for the future of businesses? What could this AI technology do for you? Keep reading to learn more. ChatGPT has been a hot topic in the news recently, with a flurry of AI enthusiasts praising the new technology and some who are a bit more technology resistant worrying about what ChatGPT could mean for the future. In 2022, OpenAI, an artificial intelligence research and development company, introduced ChatGPT to the public. ChatGPT is a free artificial intelligence technology that anyone with a device and internet can use. Its accessibility was a huge part of the rapid popularity, as it now has a predicted 100 million active monthly users , with that number continuing to grow. To put that into perspective, it took TikTok nine months and Instagram two and a half years to achieve that kind of recognition. With so many enthusiasms and apprehensions swirling around the program, you may have several questions about the technology and its potential effect on the future of business. Keep reading for the full rundown on ChatGPT and how it will impact the business world. What is ChatGPT? The co-founders of OpenAI, including Elon Musk, Sam Altman, Greg Brockman, […]

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SHANGHAI, Feb. 7, 2023 /PRNewswire/ — China-based Taimei Technology, a digital cooperation platform for the life science industry, announced the opening of its new office in Singapore on February 1, 2023. The office, strategically located in one of the world’s financial centres as well as one of APAC’s economic and cultural centres, is expected to help accelerate the adoption of the company’s innovative digital technologies for clinical research across the region and provide local customers with better services and experience with the support of local resources, while working with Taimei’s partners to improve the application of digital technologies in regional clinical research and empower pharmaceutical innovations. Guests at the ribbon-cutting ceremony: Taimei Technology APAC BD head Sam Xu (first from left), National Healthcare Group (NHG) deputy CEO professor Benjamin Seet (second from left), Taimei Technology chairman and CEO Lu Zhao (middle), CSI Medical Research CEO Nelson Wong (second from right) and Taimei Technology vice president, general manager of clinical research business unit and APAC head Nate Zhang (first from right) Representatives from more than 20 organizations, including Integrated Health Information Systems (IHiS, an agency closely affiliated with Singapore’s Ministry of Health (MOH)), National Healthcare Group (NHG), SingHealth, Singapore Clinical […]

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HBS is the latest academic institution to capture the bank’s transformation journey in a case study that is being taught to its MBA students MUMBAI, India, Feb. 16, 2023 /PRNewswire/ — DBS continues to be studied as a transformation role model, with Harvard Business School (HBS) being the latest academic institution to capture the bank’s digital transformation journey in a case study. The DBS case is being taught in HBS’ Master of Business Administration (MBA) programme and its executive education courses by Professor Ranjay Gulati, Paul R. Lawrence MBA Class of 1942 Professor of Business Administration. Gulati was ranked as one of the top ten most cited scholars in Economics and Business over a decade by ISI-Incite. He is also the author of six bestselling books on strategy, organisational effectiveness, and leadership in organisations 1 . Gulati said, "Businesses need to transform themselves in order to compete in today’s fast-changing markets. I was interested in studying how DBS transformed itself successfully, and to find out what they did and how they executed it. Through my numerous conversations with the bank’s executives, what came across very strongly were the digital and purpose-focused elements of the transformation and how these permeated […]

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Digital Transformation in Office Technology Industry Focus of The Cannata Report’s February 2023 Issue Office Technology Dealers Provide Digital Transformation Offerings for Businesses in All Sectors HAMBURG , NEW JERSEY, UNITED STATES , February 16, 2023 / EINPresswire.com / — Office technology industry dealers have digital transformation at the forefront of their offerings, with digital technology products and services designed to create new business processes and improved customer experiences. Office technology dealers incorporate digital transformation platforms into their managed services and managed IT platforms to provide innovative digital technologies to all businesses, regardless of industry, sector, or size. The Cannata Report, the intelligence resource for office technology dealers, focuses on digital transformation in its February issue. It features in-depth content that examines how digital innovations allow office technology dealers to provide customers with data-driven insights, improved ROI, enhanced communications and collaboration, and improved customer experiences. Providing a deep dive into how office technology dealers have prioritized digital transformation for their businesses and their customers’ businesses, " The Many Sides of Digital Transformation " spotlights two leading office technology dealers—Marco Technologies and Impact Networking—and details how they have implemented digital transformation strategies for managed IT services and cloud access, data […]

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HCLTech has released the 2023 edition of its Tech Trends report aimed to offer an assessment of the technologies that will shape digital transformation and enable modern enterprises to stay ahead of the curve. The seventh edition of the annual report from HCLTech’s Enterprise Technology Office names the trends that are expected to play a crucial role in accelerating three critical characteristics – flexibility, speed and scale – for businesses in the post-pandemic digital-first era. Democratization of AI: 2023 will witness wide-scale democratization of AI – from enabling chatbots to integrating into the chip industry for developing AI-ready hardware. Accelerated shift to multi-cloud: Progression to multi-cloud will accelerate significantly in 2023. Sovereign and industry clouds will be more widely accepted, with more than half of the enterprises using industry cloud solutions by 2027. Cybersecurity transformation driven by quantum technologies: Industrial applications of quantum technologies will be realized in quantum-secure communications and optimizing machine learning models with the help of quantum machine learning. Low-code, no-code platforms for super-app development: By 2024, low-code development will account for more than 65% of application development activities. 5G applications go mainstream: 5G will become the de facto standard in the coming years, with increased […]

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Aside from commercial real estate dealers, office equipment vendors were among the hardest hit by the massive office evacuation following the pandemic. But the death of the office was much exaggerated, say some affected CIOs, who point to an increasing number of corporate mandates for employees to return to the office for at least three days per week as the telltale of better business ahead for them. [ Learn from your peers: Check out our State of the CIO report on the challenges and concerns of CIOs today. | Find out the 7 skills of successful digital leaders and the secrets of highly innovative CIOs . ] Tokyo-based printer manufacturer Konica Minolta, for instance, is seeing a jump in business that its US subsidiary CIO cannot quantify now but is confident will show in future earnings. In fact, the 150-year-old OEM used the business slowdown to develop its digital transformation strategy to reinvent itself internally and grow the internal value of the company, as well as the external value it provides its customers, says Mike Lee, senior vice president and CIO of Konica Minolta Business Solutions USA. The blueprint of that transformation, which is based on Google Cloud Platform […]

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