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Amazon Prime Has Over 200 Million Users Globally, Says CEO & Founder Jeff Bezos

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Amazon Prime Has Over 200 Million Users Globally, Says CEO & Founder Jeff Bezos

New Delhi: Amazon Prime has reached a user base of 200 million, according to the outgoing CEO Jeff Bezos, which is an increase of over 50 million during the pandemic only. In his final annual letter to Amazon’s shareholders on Thursday, Bezos who will be replaced by former AWS head Andy Jassy as Amazon CEO this year, said that customers have connected more than 100 million smart home devices to Alexa. Amazon $250 Million Venture Fund To Support Indian Startups: Report.

“Last year, we hired 500,000 employees and now directly employ 1.3 million people around the world. We have more than 200 million Prime members worldwide. More than 1.9 million small and medium-sized businesses sell in our store, and they make up close to 60 per cent of our retail sales,” Bezos informed. “Customers have connected more than 100 million smart home devices to Alexa. Amazon Web Services serves millions of customers and ended 2020 with a $50 billion annualised run rate,” he .

“To be conservative here (and remembering we’re really only trying to get ballpark estimates), ’ll say it’s the same and call AWS customer value creation $38 billion in 2020. Adding AWS and consumer together gives us total customer value creation in 2020 of $164 billion,” he noted. According to him, this value creation is not a zero-sum game. “It is not just moving money from one pocket to another. Draw the box big around all of society, and you’ll find that invention is the root of all real value creation. And value created is best of as a metric for innovation,” Bezos stressed.

Bezos said that Amazon has created $1.6 trillion of wealth for share owners. On the Cloud services vertical, Bezos said that across AWS’s entire 2020 revenue of $45 billion, “that 30 per cent would imply customer value creation of $19 billion (what would have cost them $64 billion on their own cost $45 billion from AWS).

(The above first appeared on Onhike on Apr 16, 2021 02:47 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website onhike.com).

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Charles recently joined the team, and he writes for the Headline column of the website. He has done major in English, and a having a diploma in Journalism. He has worked for more than 1.5 years in a media house. Now, he joined our team as a contributor for covering the latest US headlines. He is smart both by him looks and nature. He is very good with everyone in the team.

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Twin Apex Backs Hypersign In Their Collective Mission To Give Back Individuals Control Of Their Personal Data

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Twin Apex Backs Hypersign In Their Collective Mission To Give Back Individuals Control Of Their Personal Data

Hypersign has a dedicated team and has been working hard on their product for over three years which is available on Google Play. The Founding brothers Vishwas and Vikram were initially inspired to build the Hypersign solution when their father sent them a Facebook friend request seven times from seven different IDs, within a span of three months. The brothers analyzed this situation and realized that the father had unfortunately forgotten his login password and couldn’t reset it. Hence he had to create a new account each time.

Vishwas explains “Though it might seem like a simple issue where you could store a password in the browser and login seamlessly; however, after few days of research, the team managed to identify the innumerable problems associated with password storage — right from data breaches to hacks and also the costs associated with the password reset. To add upon this there is also the user tracking being enforced by the usual suspects such as Google Alphabet and Facebook.”

Apart from these above-mentioned provisions, two major problems can be traced in the social login authentication flow. Most of the social logins providers such as Facebook, Google, and the likes still rely on password-based authentication which gives rise to the prolonged known issues or problems with passwords such as password resetting, password hacks, and forgotten passwords.

Along with this, the other issue is that the identity provider stores data of millions of users which can become a honeypot for hackers. The identity provider also has the ability to misuse the user data without users’ consent in many different ways starting from analytics or by selling them to a third party etc. An example of this is the case of Facebook and Cambridge Analytica was where millions of Facebook users’ data was acquired without the individuals’ consent by Cambridge Analytica, predominantly to be used for political advertising.

Hypersign endeavors to solve the issues faced by consumers in identity & access management. Most customer-facing applications rely on either third-party authentications like OTP-based authentication or social logins such as Facebook, Google, and the likes. Hypersign looks to overhaul this process giving the control of personal data back to the individual.

Twin Apex Capital has announced itself as the lead investor in Hypersign. As part of this strategic investment, Twin Apex, an esteemed VC in the blockchain space, will provide Hypersign with advice and a wide network of support and investors in the crypto industry.  Aamod Dhople, Co-Founder of Twin Apex Capital, explains  “The impact of Hypersign’s cross-chain identity protocol will be far-reaching, beyond the blockchain space. Hypersign has a real opportunity to replace legacy outdated methods of storing and personal data to one that is more aligned with the digital age, whilst ensuring that personal data is kept secure and maintaining the rights of individuals.’’

Disclaimer: This article is educational and does not represent financial advice. Please consult your financial advisor before purchasing any digital assets.

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Tesla Suspends Vehicle Purchases Using Bitcoin, Confirms CEO Elon Musk via Twitter

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Tesla Reportedly Strengthens Its India Team Ahead of Rolling Out Electric Cars

San Francisco: After less than two months of going bullish on Bitcoin, Tesla on Thursday applied brakes on the popular cryptocurrency as a payment mode to buy its electric vehicles, citing environmental harm. Musk said that the electric car maker will not sell any bitcoin and intends to use bitcoin for transactions as soon as mining moves to more sustainable energy. Tesla’s Supercharger Network Achieves 25,000 Milestone: Report.

“We are also looking at other cryptocurrencies that use <1 percent of bitcoin's energy/transaction," Musk said in a tweet. "Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great to the environment," Musk said in a statement.

Bitcoin nosedived more than 11 per cent after the tweet and was trading at over $50,000. Tesla shares were also down more than 4 per cent. The company had only just started accepting Bitcoin in late March. Musk also said that Tesla will no longer sell any more of the $1.5 billion Bitcoins it purchased earlier this year. Tesla sold some of that bitcoin in the first quarter of 2021.

Musk who hosted the Saturday Night Live show on TV last weekend once again promoted Dogecoin which is fourth-largest cryptocurrency by market value. Amid the surge in Bitcoin and Ether cryptocurrencies, Dogecoin has surged more than 659 per cent this year.

(The above story first appeared on Onhike on May 13, 2021 11:25 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website onhike.com).

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Meicam Technology-Create a More Professional Video Editing Solution

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Meicam Technology-Create a More Professional Video Editing Solution

The multi-platform battle for short video productivity

China’s short video market pattern is preliminarily determined, and many enterprises started to focus on video productivity——kicks off a battle for tools. In recent years, Bytedance, Tencent, Facebook, etc. have all deployed short video editing tools and launched software and apps adapted to their platforms. Because the threshold of video creation is higher than the text or picture creation, making the competition of video tools between enterprises is not just to capture market share. The establishment of a video production tool platform is not only to improve the content ecosystem of each platform but also to help the creators’ content creation.

The video of Internet content is the general trend. By launching these video tools, various platforms hope to help creators improve the efficiency of creating content, and gather more users to form a new content ecology. Although the functions of video editing tools are similar, each company‘s tools are differentiating and adapting according to their own platform tonality. With the continuous increase in the demand of mobile creators and the demand for video marketing methods, professional creators have gradually replaced products such as AEpremiere and favored the use of faster editing products on the PC. The companies also want to use video tools to share the market of editing tools on PC. With an increasing number of video creators, thus, major platforms are rushing to launch editing tools. In fact, they are trying to solve the dilemma of the shortage of original content.

Meicam Technology has been deeply involved in the field of mobile short video solutions for several years.  In order to enhance the current needs of intelligent, mobile, and efficient of video editing, Meicam has launched video editing solutions, including short video SDK, AR face props, Cloud editing, AI smart editing, virtual anchors, etc. Among them, the short video SDK includes video production services such as video and image processing, video editing, fast packaging rendering, etc., which can help developers quickly implement special effect animation production and powerful non-linear video editing in their products.

Multi-platform interconnection, which can realize cross-platform timeline engineering interaction

The flexible feature of Meicam SDK can not only meet the needs of different editing and packaging for different customers to the greatest extent but also have good cross-platform performance.

Meicam’s video solutions provide customers with mobile, web, and PC SDKs, and support timeline-based interconnection of multi-terminal materials, templates, and , which means the timeline project of mobile editing (including subtitles, transitions, and filters, and other special effects) can be synchronized to the Web cloud editing or PC  for secondary editing and use.

Meicam SDK can help developers to display the same efficient rendering and homogeneous effects on different terminal devices. In addition, there will be customized optimization and adaptation for different devices on different platforms.

Meicam has a large selection of materials and supports special effects material design

In order to enrich the presentation of video content, and selection of diversified material is essential. The Meicam SDK provides several built-in editing effects by default. Developers can also download more special effects resource packs through the Meicam Material Center, including filters, transitions, stickers, AR props, animation effects, text templates, and other materials, which can apply to various products of Meicam. Meicam will also keep up with the popularity of the industry and regularly design and release different material templates to satisfy all clients’ needs of special effects according to different times, scenes, and video styles.

Meicam launched a platform to meet customer’s needs of special effects, creating continuous creative support to more customers. Combining the characteristics of art and business, the Meicam Creator Platform provides designers with filters, transitions, subtitles, stickers, templates, particle effects, AR props, and other production techniques to help designers create their own special effects. While stimulating more market creativity, it also enriches the choices of more business clients.

In the future, Meicam will develop and optimize products from the perspective of users, and continuously improve the underlying architecture of video editing solutions, meanwhile, provide adaptable solutions to various industries.

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