Nvidia Unveils Blackwell Chips 💽 YouTube Empowers Creators with AI-Generated Content Labeling Tool📺️

Good morning. It's Tuesday, Mar. 19, and we're covering, Naira Devaluation Spurs Nigerian Startups to Explore Local Cloud Hosting Alternatives, Nvidia Unveils Blackwell Chips: A Game-Changer in the AI Industry, Haiti Unrest Stirs Fear and Hope in Diaspora Communities, and much more. First time reading? Sign up to get this newsletter: Sign up here.

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MARKETS

Cryptocurrency Prices by Market Cap

• The global cryptocurrency market cap today is $2.45 Trillion, a 5.35% decrease in the last 24 hours.

• The total crypto market volume over the last 24 hours is $152B, which makes a 12.98% increase.

• The total volume in Defi is currently $14.36B, 9.45% of the total crypto market 24-hours.

• The volume of all stablecoins is now $140.41B, which is 92.38% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 52.44%, an increase of 0.59% over the day.

Market Fear Creeps In As Bitcoin And Ethereum Slip Further; Experts Spotlight NuggetRush For An Opportunity To Hedge Crypto Investments

As Bitcoin and Ethereum faces downturns, the crypto market braces for turbulence, with investors seeking alternative avenues to safeguard their investments. Amidst this backdrop, a promising newcomer, NuggetRush (NUGX), emerges on the scene, drawing attention from experts and enthusiasts alike. ( Read Deeper )

BUSINESS & FINANCE

Naira Devaluation Spurs Nigerian Startups to Explore Local Cloud Hosting Alternatives

The dramatic devaluation of the Nigerian naira, losing up to 68% of its value since the Central Bank of Nigeria (CBN) implemented a floating FX regime in June 2023, has triggered challenges for businesses across the nation. Particularly affected are those with operating expenses tied to the US dollar, resulting in higher costs and, in some instances, substantial losses. Telecom giant MTN Nigeria, for example, reported a ₦137 billion loss in 2023 due to tower costs pegged to the dollar.

Takeaway: Nigerian startups are increasingly turning to local providers for their technology needs as a means of mitigating costs. While internal communication tools have been relatively easy to migrate, cloud hosting services like AWS and Azure present greater challenges due to their widespread adoption and essential role in startup operations. ( Read Deeper )

Telegram Raises $330 Million Through Bond Sales

Telegram, the popular messaging app, has successfully raised $330 million through bond sales. The announcement, made by Telegram founder and CEO Pavel Durov, Durov revealed the impressive outcome of the bond offering on his channel, emphasizing that the offering was oversubscribed with favorable terms to the company.

Why it matters: By securing investment through bond sales, the company can fund its operations and growth initiatives without relying solely on traditional funding methods like venture capital. ( Read Deeper )

TECHNOLOGY & SCIENCE

Nvidia Unveils Blackwell Chips: A Game-Changer in the AI industry

Nvidia, a leading player in the technology industry, has once again made waves with its latest announcement during the company's developer conference. The unveiling of the new generation of artificial intelligence chips, named Blackwell. With a substantial increase in AI performance compared to previous generations, the GB200 chip empowers AI companies to train larger and more intricate models, unlocking new possibilities in AI-driven innovation.

Takeaways: With these chips, AI companies can train larger and more intricate models, unlocking new possibilities for innovation across various sectors. ( Read Deeper )

YouTube Empowers Creators with AI-Generated Content Labeling Tool

YouTube has unveiled a new tool designed to enhance transparency and accountability in content creation by requiring creators to disclose when their videos contain AI-generated or synthetic material. This self-labeling feature, introduced by the YouTube Team, aims to help viewers identify content that may be mistaken for real people, places, or events.

Why it matters: As AI-generated media becomes more sophisticated, distinguishing it from authentic content becomes increasingly challenging. With this in mind, YouTube intends to provide creators with time to adapt to the new self-labeling process. ( Read Deeper )

AROUND DE WORLD & POLITICS

Haiti Unrest Stirs Fear and Hope in Diaspora Communities

Haitian diasporas scattered across the United States and Canada, the recent escalation of unrest and violence in Haiti has sparked waves of fear, frustration, and a renewed sense of urgency. As the Caribbean nation grapples with political instability and escalating violence, Haitians abroad find themselves torn between concern for their loved ones back home and a deep desire to see positive change take root in their homeland.

Takeaway: Haitians abroad continue to maintain strong ties to their homeland and remain committed to supporting efforts to bring about positive change. ( Read Deeper )

Trump Unable to Secure $464 Million Bond in New York Fraud Case

Former President Donald Trump is facing legal and financial hurdles after failing to secure a $464 million bond in a New York civil fraud case, according to his lawyers. The inability to obtain the bond puts Mr. Trump at risk of having his real estate assets liquidated unless he pays the full amount in cash to continue his appeal.

Takeaway: Despite efforts by Mr. Trump's legal team, which reportedly approached dozens of bond companies, securing such a large bond has proven to be an insurmountable challenge. According to Mr. Trump, even negotiations with one of the world's largest insurance companies were fruitless, as very few bonding companies are willing to consider a bond of such magnitude. ( Read Deeper )

ENTERTAINMENT & SPORTS

Nottingham Forest Hit With Four-Point Deduction Over Premier League Profit Breach

Nottingham Forest finds themselves plunged into the Premier League relegation zone after an independent commission penalized the club with a four-point deduction for breaching profit and sustainability rules, putting their top-flight status in jeopardy. With immediate effect, Nottingham Forest slides below Luton Town into the relegation zone, heightening concerns among fans and stakeholders. ( Read Deeper )

MrBeast Strikes Amazon Deal For Biggest Competition Series in TV History

YouTube sensation MrBeast, known for his philanthropic stunts and jaw-dropping contests, is set to make his mark on traditional television with a groundbreaking deal with Amazon MGM Studios. The collaboration will bring forth "Beast Games," a competition series promising the largest single prize payout in the history of television and streaming. The concept behind "Beast Games" is as ambitious as its host, featuring 1,000 contestants vying for a remarkable $5 million cash prize. ( Read Deeper )

PODCAST(WHAT WE ARE LISTENING TO)

• Bitcoin Changing Africa’s Energy and Finance Incentives: A Conversation with Alex Gladstein ( Listen )

EXTRA BREVITI

• Wasoko Cuts Tanzania, Pauses Operations in Uganda and Zambia ( Read More )

• Nvidia Collaborates with Leading Humanoid Robotics Companies for Innovative AI Platform, GR00T ( Read More )

• Solana Memecoin SLERF Accidentally Burns $10 Million in Cryptocurrency ( Read More )