AI startup O.XYZ accused of inflating its technology capabilities

Technology

AI startup O.XYZ has been accused of various offenses including adopting aggressive tactics to reduce dissent in the company and illegally inflating its technology claims. Although the firm’s CEO Ahmad Shadid has refuted all the allegations, sources familiar with the company’s operations have strongly stated otherwise.

According to O.XYZ, it is a super AI ecosystem owned by the community that uses the power of thousands of GPUs to perform different tasks. However, sources clarified to Decrypt that these claims are false, noting that the firm cannot connect to about 100,000 AI million models. They also said it does not run faster than its competitors using the powerful hardware it claims to have.

AI startup O.XYZ embroiled in several scandals 

The sources also claimed the company is involved in other activities like misrepresenting the value of its satellite program. Aside from that, there are also issues surrounding transparency and accountability with its token launch. The sources claimed that these issues may harm investors in its token.

However, Shadid hinted in a statement about the firm’s optimistic approach to promotion. He also clarified that the firm is still on track as written in its roadmap. The sources were unconvinced, as they insist that material on the platform’s website talks about what they can do instead of what they aspire to do.

It is not the first time Shadid has been trailed by allegations. In June, he controversially left his post as the CEO of IO.net, a decentralized infrastructure provider on Solana. Shadid reportedly left his role to reduce the distraction caused by his past issues and help the company grow.
He released a public statement, which has now been deleted, about his departure from IO.

Concerning allegations of inflating O.XYZ’s capabilities, Shadid rubbished the claims while noting that the company invested in United States firm Cerebras Systems hardware. He said the company also wants to build its AI data center to support 20x faster processing.
The sources also claimed these assertions are fake, noting that there are no advanced talks to purchase the hardware as Shadid claimed.

Shadid defends Starlink partnership and token launch issues

According to O.XYZ, the company is powered by Starlink, an internet technology owned by Elon Musk’s SpaceX. Shadid claimed that the technology is integrated into the company’s operations. He noted that these are plans in the company’s roadmap as it aims for maritime connectivity solutions and AI capabilities in space by 2026.
Sources have also disputed these claims, noting that the technology is used for internet connection in remote areas.

Shahid also discussed the details of the images of major organizations displayed on its website, noting that they represent the backgrounds of its contributors. However, the sources claim this is a misleading move. They also say the contributors have asked the company to remove their logos, which has remained unsolved so far.

Another controversy surrounds the company’s token launch, which took place on October 15. The token launched on smaller exchanges and boasts a daily trading volume of about $23,000. However, the sources claim that with its fully diluted supply volume at $8.1 million, investors could suffer harm anytime soon. The sources claim that holders cannot use the token to pay for any API or to claim any of the company’s assets.

Shadid claimed that initial liquidity pool activation happened during the testing phase, an activity that has been communicated to the investors. He said that they chose to continue with the launch after analyzing the market condition, pushing the release date of their token close.
Shahid also mentioned that the move was announced on several communication channels. However, he said that while initial activation was not planned, the firm deliberately maintained the token’s availability.
From Zero to Web3 Pro: Your 90-Day Career Launch Plan

‘We were lied to!’ Meet the small business owner behind the viral election petition

Business News

The man behind the viral petition demanding an immediate General Election has told the Express that he feels lied to by the Labour Party.Michael Westwood is the man behind the parliamentary petition that is causing a storm on social media.Shared by Elon Musk and surging past 570,000 signatures, the petition is being used by a swathe of the British public to express their fury at Keir Starmer.Speaking to the Express this lunchtime, Mr Westwood joked he feels slightly dazed by the furore caused by his petition, and said while he hoped it would pick up steam he never expected it to become as popular as it has.A small business owner, Mr Westwood’s previous claim to fame is as the owner of Britain’s ‘cheapest pub’ the Wagon and Horses, which sells pints for as little as £2.30.He revealed: “Not in my wildest dreams did I think this was going to take off like it has”.Asked why he thinks the demand for a general election is resonating as much as it has, Mr Westwood said he believes voters feel “betrayed” by Labour.He explained: “The British public feel like they have been betrayed with the promises that were told in the lead to the election and then what has been delivered since – it looks nothing like what was promised.“I think people have had enough, people have seen what’s happened over in America as well, and I think that’s had a knock on effect that, actually, if people stand together and vote then we can make a change.”Mr Westwood revealed that he voted Conservative at the election, not out of an overwhelming love of the party but as a small businessman who thought it better to elected “the devil you know”.He said his fury was sparked in particular by Rachel Reeves’ budget, which despite promising 1p off a pint will actually hike booze costs for pub punters thanks to the rise in minimum wage and hikes to National Insurance.He blasted: “It’s about fighting back against all the increases in taxes and the cost of inflation.“As a small business we’ve got to fight back and try and help the people around us and the community.” Mr Westwood said that while he’s well-opinionated, he’s never ventured into politics before.He also shies away from social media, revealing that after he launched the petition he merely sent the link to some friends via WhatsApp.However he’s now receiving regular updates from confidants reporting back just how widespread the petition has become.Asked if there was any one thing Labour has done since coming to power he’d rank as the worst of all, Mr Westwood said it is a “combination” of issues.The petition will now require a formal response from the Government, and may even get debated in parliament.

USIRC urges USA, India to forge economic partnership resilient to deep-state regime

Technology

The United States-India Relationship Council (USIRC) urges for a resilient, trusted, hassle-free, and robust business partnership between the United States and India, amidst extraneously vitiated business environs.As the United States and India are two big countries, two great polities, two reputed value systems, two mature democracies, and two big economies as well; together, these two nations constitute almost one third of the global nominal GDP, and hold the potential to scale up fast towards half of the global nominal GDP.They also have the potential to lead the global economy in a fair and just manner, based on their common values like commitment to freedom, openness and merit.This is the very reason for these two being the eyesore for monopolistic globalist powers.Two such countries do and can grow together and make the world grow along with. Free Trade Agreements (FTAs) are not the sole means. Though FTAs can boost bilateral trade, FTAs can also lead to skewed bilateral trade impacting relations adversely later if not sooner.There are many other ways in which the US and India are partnering, and can sustainably partner for mutual and global growth.The USA and India have different profiles in terms of skill sets and vantage positions in different sectors, that can be leveraged to complement and supplement each other.India is fast emerging as a manufacturing hub, and on the other hand, supply chain monopoly is one of the biggest concerns for the United States as of now. This provides the scope for complementarity between the two great economies.India is rapidly emerging as an infrastructure, IT and mining player of reckoning. It has made marks across continents. Pragmatic American investors have a golden opportunity to partner with the Indian giants of these sectors.In defence, the United States is an R & D forte with an edge, while India is aspiring to scale up its defence manufacturing. US technology can assist India have strong bulwark for its defence preparedness against monopolistic dictatorial regimes around its territory, and in the Indo-Pacific region. This can also help India emerge as a reliable partner in defence manufacturing for the free world, specifically the open countries in the Indo-Pacific, and for certain needs of countries like Israel.The Indian economy, with its buoyant listed companies, has an unmatched entrepreneurial spirit, free of shackles like diversity, equity and inclusion. This may be very attractive for the prudent American investor community willing to promote merit based daring Indian enterprises competing with monopolistic exploitative state entities of dictatorial expansionist regimes.The United States and India have different diplomatic positions in today’s geopolitical landscape, and this can also be leveraged for the growth of business for all.To sum up, the US-India economic partnership has a lot to offer, not only for the two nations, but also for the entire world.In today’s surcharged loaded volatile environs vitiated by extraneous forces, the USIRC urges the two governments, two business communities, two investor communities, and two peoples at large, to forge a strong and dynamic, as well as resilient and trusted economic partnership.This partnership ought to be free of hassles and free of the so-called extraconstitutional undemocratic deep state and bureaucracy-mooted frivolous restrictions and ploys, to boost the global economy. This partnership ought to shield the global economy from mala-fide intentions of the anti-freedom deep state and dictatorial monopolistic opaque regimes.The expansionist regime is vying to enslave the free world by trade wars and economic warfare, by debt trap, by grabbing and monopolizing the resources and supply chains, by demolishing upcoming enterprises navigating risky and turbulent parts of the world devoid of level playing fields, and last but not the least, by harming the prudent investment communities.At this vitiated juncture, such a partnership is the need of the hour. Enterprises and Investors must be provided with a fair statutory framework, predictable taxation systems, and robust protection with commitment for ease of doing business to grow as fast as they can. This will help them lift up the living standards of the two peoples and the entire humankind.The world needs to be saved from the sinister onslaughts of globalist forces.

Int’l business expo in Istanbul aims for $1 billion trade volume

Business News

ISTANBUL

This week’s international Independent Industrialists and Businessmen’s Association (MÜSİAD) Trade Expo 2024 in Istanbul will target $1 billion in trade volume through business-to-business (B2B) meetings, according to the Turkish group.
The MÜSİAD Expo 2024 will bring together businesspeople and investors from 88 countries, with attendees from over 300 participating firms operating in 24 different sectors forging new collaborations on Nov. 26-29.
The event will include a G20 panel, a diplomatic missions session, the Türkiye-Iraq Business Forum and MÜSİAD’s own networking program.
The last day of the event will be allocated to B2B meetings with international procurement delegations, country presentations, special programs and the signing of memorandums of understanding.
MÜSİAD head Mahmut Asmalı said in a statement that the event will boost Türkiye’s global trade potential, building bridges by hosting businesspeople from worldwide for the 20th time in the event’s history, with more than 500 foreign procurement delegations attending the expo.
Asmalı said this year’s B2B meetings will strengthen export connections as the event aims to reach $1 billion in trade in sectors ranging from textile to the defense industry and from food to the construction sector.
A delegation of 300 people from Algeria and two large delegations from Iraq and the United Kingdom will be at the event to hold bilateral business meetings, as well as another large group from Malaysia, he said.

Scientists develop low-sugar, high-protein rice to combat diabetes and obesity in the Philippines

Science and Health

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Scientists develop low-sugar, high-protein rice to combat diabetes and obesity in the Philippines

Science and Health

A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. Find out more about our policy and your choices, including how to opt-out.Sometimes our articles will try to help you find the right product at the right price. We may receive payment from third parties for publishing this content or when you make a purchase through the links on our sites.

The Book Club: “Hum” and more short reviews from readers

Arts & Culture, Books

Editor’s note: The opinions of the smart, well-read women in my Denver book club mean a lot, and often determine what the rest of us choose to pile onto our bedside tables. So we asked them, and all Denver Post readers, to share their mini-reviews with you. Have any to offer? Email [email protected].“Tomorrow, and Tomorrow, and Tomorrow,” by Gabrielle Zevin (Knopf, 2022)“Tomorrow and Tomorrow and Tomorrow” by Gabrielle Zevin (Courtesy of Knopf)Author of the touching “The Storied Life of A.J. Fikry,” Zevin pivots from a love story about reading to one about gaming. Not a gamer? Don’t worry! This novel is so inclusive that it will not hinder your appreciation.Collaboration and synergy propel creators Sam and Sadie through years of discovery, growth, success and heartbreak. They are supported by their best friend, Marx, who quietly wrangles myriad business details and coaxes them back to reality when needed. I liked all the characters, but I loved Marx. Cultural references and gaming jargon anchor this book, but Zevin’s clear writing doesn’t allow us non-gamers to get lost. There are a few loose ends, but not so many that I would hesitate to recommend this book. — 3 stars (out of 4); Neva Gronert, Parker“Hum,” by Helen Phillips (Simon & Shuster/Marysue Rucci Books, 2024)Written by Colorado native Helen Phillips, this novel depicts a world where robots and artificial intelligence have become normalized and permeate society in countless ways.  Like Margaret Atwood, Phillips draws on science and facts, and she uses that information as her baseline to pull the reader speculatively into, in her own words, “a dark, near future.” The eponymous “hum” refers to the robots and could be derived from the shortened form of “human,” or perhaps from the ubiquitous sound of all electronic devices. But the hum is insidious, manipulative and glibly persuasive. In this novel, Phillips gently asks, “What would you do in the face of such tyrannical technology to support and protect your children and their future?” — 3 1/2 stars (out of 4); Kathleen Lance, Denver “All the Ugly and Wonderful Things,” by Bryn Greenwood (St. Martin’s Press, 2016)Some children are able to overcome an abusive, violent childhood, while others are doomed to create chaos as they desperately seek a way out of their difficult circumstances. The young daughter of a mentally ill, drug-addled mother and a charismatic but sadistic drug-dealer father, Wavy struggles with an apparent eating disorder as well as a number of other mental“The Grey Wolf” by Louise Penny. (Minotaur)health issues. On top of that, she is the only one around to care for and protect her baby brother. At 8 years old, she helps a young man who works as a strong-arm for her father survive a motorcycle accident, and in turn he is grateful and kind to her, becoming perhaps the only male adult in her life who shows any interest or affection toward her. Wavy becomes quite attached to Kellen, and an obsessive love affair grows between the two as the years go by, becoming sexual at an inappropriate age. Many readers will find this story compelling and thought-provoking; others will be offended by the idea that a child can “groom” a normal person to become a pedophile. Has a crime been committed upon this “innocent” child? Or can a pure, lifelong romantic love happen between a child and a grown man? You decide. — 3 stars (out of 4); Karen Goldie Hartman, Westminster“The Grey Wolf,” by Louise Penny (Minotaur Books, 2024)Gamache is back!  And he is back in Three Pines, so fans can breathe a sigh of relief. Gamache is back on his game, battling evil forces that would destroy not only Montreal but also much of Quebec and beyond. Will he decipher the breadcrumb trail of clues? Can he shut down the terrorists in time? When should he warn the public, and will that warning scare the terrorists into hiding, biding their time for another crack at destruction? A nail-biter and page-turner, for sure. — 3 1/2 stars (out of 4); Kathleen Lance, DenverSubscribe to our weekly newsletter, In The Know, to get entertainment news sent straight to your inbox.