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‘Fake Elon Musk giveaway’ makes a man make a loss of 400000 pounds

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According to experts, in the recent past, since the dawn of covid 19, Online crypto scams have been on a steady rise. Sebastian, one of the most recent victims, narrates how he lost ten bitcoins equivalent to 400,000 pounds to a fake Elon musk giveaway tweet.


Sebastian was just about to sleep when one of these fake tweet alerts popped on his notification bar. Minutes later, he decided to invest the ten bitcoins on the site, which seemed to be an opportunity that would change his financial status and overall well-being. Despite having a background in IT, Sebastian says that nothing looked fishy with this clone site. He kept refreshing the site every 30 seconds as he waited for the countdown to end.


Reality dawned on Sebastian 30 minutes later when the countdown elapsed, and nothing happened. He saw Mr. Musk send a fresh cryptic tweet and felt reassured that the giveaway was real.
I threw my head onto the sofa cushions, and my heart was beating so hard. I thought I’d just thrown away the gamechanger for my family, my early retirement fund, and all the upcoming holidays with my kids.


“I went upstairs and sat on the edge of the bed to tell my wife. I woke her up and told her that I’d made a huge mistake.” Mr. Sebastian narrates.
However, he eventually began to accept the money was gone forever.
Researchers say scammers are making record-breaking sums in 2021. Giveaway gangs have already made more than $18m (£13m) in the first three months of this year, compared with the $16m made in total for the whole of 2020.


Data also suggests the number of victims this year is set to eclipse previous years. In 2020 around 10,500 people fell for the scams, but already this year, researchers say they’ve tracked 5,600 who have sent money.
More emphasis is required by individuals handling crypto as even though it seems so lucrative, it comes with high risks.

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World’s richest men Musk and Bezos unending woes

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Jeff Bezos, the owner of Blue Origin, filed a complaint on Monday; this decision came about when NASA appointed Space X for a multi-billion-dollar contract. The contract was to transport humans to the moon. Space X belongs to Elon Musk, Jeff Bezos’s main competition. Musk has decided to respond to the complaint through social media.

Blue Origin’s accusations are many since they cover a whole 50 pages and they were presented to the government accountability office. The 50 pages contained accusations on NASA for moving goalposts for the companies campaigning for the $2.9 billion lunar lander contract to transport astronauts to the moon the earliest it can start is 2024 and the contract was handed to Space X.

Blue Origin accuses NASA of executing a flawed acquisition for the human landing program. They moved the goalposts in a last-minute rush to award the contract.

Blue origin had partnered with Lockheed Martin, Northrop Grumman, and Draper in a move to design the space ship in the hope of winning the contract and this is proved by the statement they gave people ‘ in NASA own words it has made a high-risk selection .’

Blue origin and its partners have stated that NASA’s decision to award the contract to Space X has many negative impacts. It has discouraged opportunity for competition ,narrowed supply base that leads to delays .And lastly endangers Americas visit to the moon ; which was the main reason they filed the complaint with GAO.

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The future of LG smartphones

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The LG company has decided to exit the smartphone business. This decision came up because the company wants to focus its full attention and resources on steadily growing markets like robotics, Artificial Intelligence, connected devices, electric vehicle parts, digital platforms, and services.

LG has issued a statement regarding their phones still in stock, in that they will still remain on sale and will get support from LG for a period of time but this depends on the region.LG is sure their move will be complete by the end of July this year.

LG is leaving the market because of a number of reasons ;

Huge losses

The renowned South Korean tech Inc has made losses of around 4.5 billion US dollars in the past 5 years.

Competition from other brands

Existent brands like Apple, Samsung, and new brands like Oppo, Realme, Xiaomi, Huawei have erased LG from the best top three smartphone makers list in the market. Though still, popular LG has the lowest sales in the market.

Poor technology

Smartphones in the markets have upgrades like high-quality cameras; LG phones have low-quality cameras which is a major turn-off for smartphone users.

Despite leaving the smartphone market LG has plans to retain their 5G and 4G core technology and even continue to develop to 6G communication .

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Ways computer vision will shape the future of retail

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Computer vision or Vision AI can transform a company’s customer experience. This next-generation technology has made retailers begin to experiment with applications that help customers change their shopping habits and help them evolve.

Computer Vision works by detecting an image, processing it, and classifying or understanding the idea to build an AI data system. AI then takes actions depending on the understanding of the data system.

Vision AI can be applied in retails in the following ways:

  • Cashierless

Suppose you have heard of Amazon Go, a revolutionary tech in grab-and-go stores that allow for automated payments, no scanning products, and stopping in lines. Customers select whatever they want and walk out of the store.

Cameras are installed to track all the customers’ movements, and when they select an item, Computer Vision figures out the things taken while the cameras watch the customers’ movements and interaction with the retail shelves.

  • Customer data for business intelligence

Any business decision is founded by the data collected from customers. Vision AI makes it simpler to collect data. Computer vision uses facial recognition to identify a customer’s persona based on their in-store activities and purchase patterns.

Vision AI allows customers to create maps for stores, helping them understand which displays attract other retailers and which don’t. It becomes convenient for retailers as it helps them position products quickly.

  • In-store advertising

Computer Vision has developed a vision face detection that allows retailers to identify a customer’s face and anonymously recognize their person.

Stores that display their digital signage can similarly use facial recognition technology, as it is a game-changer.

  • Theft prevention

Globally, shoplifting and employee theft have cost retailers a lot of money. Since most traditional security cameras have blind spots, the store is hectic, and the staff strained, it leaves room for thieves.

Vision AI teaches systems to recognize and monitor suspicious activity making this process easy.

Cameras get trained to detect any malicious movements and alert the staff immediately hence reducing the hours’ retailers spend trying to ensure that their stores are safe with the merchandise.

Similarly, retailers can replicate the process to detect compliance errors immediately.

  • Cleanliness and protection

Computer Vision can monitor human activity and at the same time keep track of hand-to-surface movements and interactions.

Public areas surface areas get touched by many people, but with Vision AI cameras, retailers can continually monitor customers hand to surface interactions. The cleaning staff immediately gets notified, and the surface gets disinfected. 

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