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Tech

Elon Musk offers stock grants worth $20 billion to Twitter employees

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This amount is under half what Musk purchased the social media giant for

Twitter CEO Elon Musk has offered employees stock grants worth nearly $20 billion.

The valuation is less than half of what Musk paid to buy the social media giant late last year.

Employees will start receiving their shares over the next six months, and will need to hold them for approximately a year before they can start to sell them on the stock market.

Musk revealed a few weeks ago that Twitter was on track to roughly be at cash flow break even later in the year, as advertisers start returning to the platform.

Musk has also laid off approximately 70 per cent of staff at the social media giant.

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Experts report that AI is boosting SMB Growth despite implementation hurdles

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As small and medium-sized businesses (SMBs) embrace artificial intelligence, many struggle to identify clear strategies amidst rapidly changing technology.

As artificial intelligence continues to transform industries, small and medium businesses (SMBs) are increasingly drawn to its potential for growth.

However, for many, integrating this fast-evolving technology comes with notable challenges, especially around identifying the right tools and effectively managing resources.

For SMBs, AI adoption often means sorting through a crowded field of applications, each promising innovation but requiring careful assessment of benefits and returns on investment.

Coupled with limited IT support, businesses can find themselves struggling to implement and sustain these systems.

Experts advise that focusing on clear objectives and incremental implementation can help companies avoid common pitfalls and better harness AI’s potential.

To aid SMBs in this journey, Jeff Oskin, Managing Member at Newlogiq is providing a suite of tools like assessments and AI roadmaps, helping companies develop tailored strategies that align with their unique needs.

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Adyen’s partnership with RMS Cloud streamlines payment solutions for the hospitality industry

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Streamlined solutions are enhancing guest experience and operational efficiency

Hayley Fisher from Adyen recently discussed the extended partnership with RMS Cloud, aimed at enhancing the hospitality sector. By integrating RMS Pay, the collaboration simplifies payment processes, resulting in cost savings and faster transactions. This efficiency improves the experience for both property managers and guests.

The partnership provides a streamlined financial management solution, allowing property managers to focus on service while guests enjoy convenient self-check-in options. This innovative approach demonstrates how technology can transform hospitality, making it more efficient and customer-centric.

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E-commerce surge is creating a booming delivery sector, but also brings significant challenges

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How can delivery services and retailers collaborate more effectively to ensure timely deliveries in the growing e-commerce market?

The surge in e-commerce is creating a booming delivery sector but also brings significant challenges, including a rise in consumer complaints about delayed or failed deliveries.

Consumers often blame retailers for these issues, leading to added pressure for businesses to carefully choose delivery partners.

As demand continues to rise, the industry faces ongoing pressure to meet customer expectations.

The team at eDelivery are aiming to curb these challenges through the use of cutting edge technology.

By integrating seamlessly with both online stores and physical retailers, the platform automates everything from the point of sale to assigning a delivery driver. This end-to-end automation reduces the complexity of the supply chain, helping to ensure faster and more reliable deliveries.

Jack Amies, CEO of eDelivery, joins to highlight some of the challenges the delivery sector is facing.

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