Category Archives: Sharing economy

A new vision of culture: artificial intelligence opens up new horizons for people, presenting exhibitions in an unusual way

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As for me , it is crucial to have soft and hard skills for work, especially for such position as a qualified manager. A successful person in business must also develop in various areas in order to be able to cope with various problems, be flexible and interesting to others. I love discovering different cultures and visiting museums because it opens up your horizons and can definitely bring new ideas for projects or just give some extra exciting insights. Fortunately, today artificial intelligence helps us a lot to quickly reduce unnecessary things and at the same time increase or even improve our free time. One example of AI in action is the Melt Museum in Warsaw. Sounds nice, isn’t it?

Melt Immersive was designed by Kuba Matyk and Kamila Stashchyshyn, a duo of creators and directors recognized in the NewEurope100 ranking of the most innovative creators in Europe. Melt Museum is a place in Warsaw, where instead of ordinary exhibits, visitors will find more than a dozen rooms filled with new technologies, thanks to which they can immerse themselves in a virtual world that stimulates all the senses.The creators of the museum present exhibitions in an unusual and definitely exciting way, allowing people to immerse themselves in the world and explore new sensations. Now you have a great opportunity to visit a new exhibition – “Artificial Dreams”, which allows people to discover the connection between AI and humanity. From my point of view, this is a relevant topic right now that can give to all of us a new way of thinking. Also, the relationship between humanity and artificial intelligence is definitely a topic that we continue to explore, but if we can understand it as fully as possible early on, we will definitely benefit in the future.

Conclusion: It is extremely important to develop yourself and maintain a high level of cultural studies by following new technologies and events that are happening both in the digital world and in real life. Museums are definitely something that each of us should visit, not only to get an exciting experience, but also to see the world in an undeniably exciting way. Thanks to artificial intelligence, this is possible now in the 21st century in interactive astonishing method, and even excessive use of artificial intelligence can harm your environment, in general, it is like a breath of fresh air that opens up many possibilities in various areas of life.

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2) – site , where you can purchase a ticket


4) – picture



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Crypto assets are no longer on the fringe of the financial system.

The market value of these novel assets rose to nearly $3 trillion in November from $620 billion in 2017, on soaring popularity among retail and institutional investors alike, despite high volatility. This week, the combined market capitalisation had retreated to about $2 trillion, representing an almost four-fold increase since 2017.

Amid greater adoption, the correlation of crypto assets with traditional holdings like stocks has increased significantly, which limits their perceived risk diversification benefits and raises the risk of contagion across financial markets.

The stronger association between crypto and equities is also apparent in emerging market economies, several of which have led the way in crypto-asset adoption between returns on the MSCI emerging markets index and Bitcoin was 0.34 in 2020–21, a 17-fold increase from the preceding years.

Stronger correlations suggest that Bitcoin has been acting as a risky asset. Its correlation with stocks has turned higher than that between stocks and other assets such as gold, investment grade bonds, and major currencies, pointing to limited risk diversification benefits in contrast to what was initially perceived.

Crypto assets have experienced tremendous growth over the past two decades, with the number of coins increasing from just Bitcoin in 2009 to over 5,000 currently, and reaching a total market capitalization of over USD 3 trillion towards the end of 2021. However, this growth has been accompanied by significant volatility, with most crypto coins going through several cycles of rapid growth followed by dramatic collapses. This is reminiscent of other periods in financial history in which private forms of money have proliferated in the absence of adequate government regulation, leading to frequent financial crises (such as in the US during the “Free Banking Era” of 1837–1863).

The rapid ascent of crypto assets, coupled with their increasing mainstream adoption, has generated concerns among policymakers and regulators, who are mindful about the potential contagion risks to other financial markets as well as the broader macro-financial. Crypto asset markets can both act as a source of shocks or as amplifiers of overall market volatility, thereby having the potential to have significant implications for financial stability. Consequently, policymakers face an imperative to enhance their comprehension of the interconnections between crypto assets and financial markets, enabling them to devise regulatory frameworks that effectively counteract the potential adverse consequences of crypto assets on financial stability.

The complex and rapidly evolving nature of the crypto market pose challenges for regulators in effectively assessing and addressing associated risks. Crypto assets encompass a wide range of technological attributes and features, serving means of payment, to store of value, speculative asset, support for smart contracts, fundraising, asset transfer, decentralized finance, privacy, digital identity, governance, among others. However, their relationship with traditional financial assets, particularly in terms of diversification potential, remains a subject of debate. While substantial research has investigated the nature, direction and intensity of linkages between crypto assets and crypto assets and other financial assets, the findings are still relatively inconclusive and paint a complex picture of interdependencies.

The multifaceted interaction channels between crypto assets and financial markets may make it challenging to assess the relationship, while it may also have changed over time.

On the one hand, a “fight-to-safety channel” would suggest that investors may allocate their funds into crypto assets during periods of economic uncertainty or market stress if cryptos are perceived as safer and offering a good hedge to certain financial assets. Crypto assets can thus provide diversification benefits if their correlation with certain classes of traditional assets is low. However, their tendency for high volatility raises important concerns. Another potential channel is the “speculative demand channel”, which would suggest that demand for crypto assets may increase during times of high financial market risk appetite, as cryptos offer the potential for high returns due to their volatility. Further channels could be related to market liquidity and to information spillovers or investor sentiment, which can lead to additional comovement between various classes of financial assets and crypto markets.

This dataset consists of the daily closing price of the five largest crypto assets by market capitalization namely Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Binance (BNB), and Tether (USDT) as of December 31st, 2021. The stock market is captured by the US S&P500 index, and we also include the Brent oil price, as well as the 10-year U.S. treasury bill as control variables to account for the possible impact of variations in commodity prices and financial condition on asset prices. The US S&P500 tracks the performance of 500 large companies in leading industries and represents a broad cross-section of the U.S. economy and is widely considered representative of the overall stock market . Tether (USDT) is a stable coin used in this study to provide insight into the inflow and outflow of funds in the market and as a tool for hedging against the volatility of the crypto market. For this reason, the USDT is likely to be more sensitive to the movement of price in the crypto market. presents a time series plot of the sampled variables. The daily datasets are in U.S. dollar currency and span from the period January 2018 to December 2021, excluding non-trading days for uniformity. Data on cryptocurrencies (Bitcoin, Ethereum, Ripple, Binance, and Tether) were retrieved from Yahoo Finance, whereas data on Brent oil, and U.S. 10-year treasury bills were retrieved from the U.S. Federal Reserve Bank of St. Louis. Additionally, the U.S. S&P500 was retrieved from Investing market indices. The baseline specification of this study considers the S&P500 index as an endogenous variable whereas cryptocurrencies and the control variables are used as dependent variables.

The increased and sizeable co-movement and spillovers between crypto and equity markets indicate a growing interconnectedness between the two asset classes that permits the transmission of shocks that can destabilise financial markets.


This analysis suggests that crypto assets are no longer on the fringe of the financial system, IMF said.

The market value of these novel assets rose to nearly $3 trillion in November from $620 billion in 2017, on soaring popularity among retail and institutional investors alike, despite high volatility. This week, the combined market capitalization had retreated to about $2 trillion, still representing an almost four-fold increase since 2017.

Amid greater adoption, the correlation of crypto assets with traditional holdings like stocks has increased significantly, which limits their perceived risk diversification benefits and raises the risk of contagion across financial markets, according to new IMF research.

By- Shannul Mawlong 50401

AI Sources: chat gpt 4

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The future of digital advertising : pros and cons

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In order to successfully run a company, you need to follow certain rules, one of the main ones providing a successful marketing company. In today’s technological world, advertising plays a crucial role in a successful business. People spend more than 2 hours a day on social media, having fun and finding something that really catches their attention. Fortunately or not, only companies with the highest quality advertising will definitely win and only from them customers will buy products in the future. One of the best examples of a quality marketing company is Jacquemus. Their AI-powered ads deserve a lot of attention. According to Fly High Media: “The brand used CGI to create 3D campaigns that look real. Their CGI campaigns are causing heated conversations on social media, with people questioning whether it’s real. This leads to engagement, a lot of attention and, as a result, increased reach”. However, the biggest question today is what to expect from business advertising in the future? Actually, I have some answers for you).

First of all, we will see an unequivocal increase in the role of influencers in the purchase of certain goods. Today, social networks have already become a powerful tool for influencing human consciousness. Secondly, context will be undoubtedly very important in the future for a successful marketing company, as well as famous people who represent products. In addition, with the demand of entrepreneurs to attract a larger audience, the job market is expanding, adding new professions such as social media specialists or advertising creators, allowing people earn more money and, as a result, live better and happier lives.

Conclusion: technology plays a crucial role in a marketing company. We all need to continue to learn how to use it properly in order to be able to run a successful business that appeals to customers eyes. Despite this, of course, there are disadvantages, such as a lot of competition , lack of privacy  in the digital world. To keep abreast of new opportunities in the digitalization, you need to always keep your finger on the pulse. In any case, if your business stands out from the rest with quality marketing company – it will definitely differ among others and always will have a lot of customers!

Sources :

1) – IMAGE





Cryptocurrency’s Dark Side: Money Laundering and Other Criminal Activities

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Cryptocurrency’s Dark Side:

Cryptocurrency has become increasingly popular in recent years, but its anonymous nature and ease of use have also made it a prime target for criminals. Money laundering, drug trafficking, and terrorist financing are just a few of the illicit activities that cryptocurrency has been used to facilitate.

One of the biggest challenges in combating cryptocurrency-related crime is the difficulty of tracing transactions. Unlike traditional financial transactions, cryptocurrency transactions are not subject to the same regulatory oversight. This makes it difficult for law enforcement to track down criminals and recover stolen funds. Another challenge is the international nature of cryptocurrency transactions. Criminals can easily transfer cryptocurrency across borders, making it difficult for law enforcement to jurisdictionally investigate and prosecute crimes.

Despite these challenges, there are a number of steps that can be taken to address the use of cryptocurrency for criminal purposes. One important step is to increase regulation of the cryptocurrency industry. This would help to increase transparency and make it more difficult for criminals to use cryptocurrency anonymously. Another important step is to improve international cooperation in investigating and prosecuting cryptocurrency-related crimes. Law enforcement agencies need to be able to share information and coordinate their efforts across borders in order to effectively combat this type of crime.

Market Manipulation

Cryptocurrency markets are highly susceptible to manipulation. This is due in part to the lack of regulation and the relatively small size of the cryptocurrency market.

One common form of market manipulation is wash trading. Wash trading is when an insider buys and sells the same cryptocurrency at the same time in order to create artificial trading volume. This can make the cryptocurrency appear more popular and valuable than it actually is.

Another common form of market manipulation is front-running. Front-running is when an insider uses their knowledge of upcoming trades to place their own trades ahead of time. This allows them to profit from the price movements that they have created.

Market manipulation can have a significant impact on investors. When investors are misled into believing that a cryptocurrency is more valuable than it actually is, they may be more likely to invest in it. This can lead to significant losses when the price of the cryptocurrency eventually falls.

There are a number of steps that can be taken to address market manipulation in the cryptocurrency market. One important step is to increase regulation. Regulation would help to increase transparency and make it more difficult for insiders to manipulate the market.

Another important step is to educate investors about the risks of market manipulation. Investors need to be aware of the different ways in which the market can be manipulated and how to protect themselves from becoming victims.

Investment Risks

Cryptocurrency is a very risky investment. Cryptocurrencies are volatile and unregulated, which means that their prices can fluctuate wildly. This makes them a poor choice for investors who are not comfortable with a high degree of risk.

In addition, cryptocurrency exchanges have been hacked on numerous occasions, resulting in the theft of millions of dollars worth of cryptocurrency. Investors also face the risk of losing their cryptocurrency if they forget their private keys or if their wallets are compromised.

Another risk associated with cryptocurrency investment is the potential for fraud. There have been a number of cases of cryptocurrency scams and Ponzi schemes. Investors need to be careful and do their research before investing in any cryptocurrency.

Environmental Impact

Cryptocurrency mining is a very energy-intensive process. In 2021, the Bitcoin network consumed more electricity than the entire country of Argentina. This is a major environmental concern, as it contributes to climate change.

In addition, cryptocurrency mining often takes place in countries with cheap electricity and lax environmental regulations. This can lead to environmental damage, such as air pollution and water contamination.

There are a number of ways to reduce the environmental impact of cryptocurrency mining. One way is to use renewable energy sources to power mining operations. Another way is to develop more efficient mining hardware.

Regulatory Challenges

Cryptocurrency is still a relatively new asset class, and there is no clear regulatory framework in place. This makes it difficult for investors to protect themselves from fraud and other abuses.

In addition, the lack of regulation makes it difficult for law enforcement to track down and prosecute criminals who use cryptocurrency.

There are a number of regulatory challenges that need to be addressed in order to create a more stable and secure cryptocurrency market. One challenge is to develop clear regulations that protect investors and prevent fraud. Another challenge is to develop international regulations that coordinate the oversight of cryptocurrency markets across borders.


Cryptocurrency has the potential to revolutionize the financial system, but it is important to be aware of the dark side of cryptocurrency before investing. Investors should carefully consider their risk tolerance and investment goals before making any decisions.

Engine Used: DeepAI

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The Power of Digital Echo Chambers: How Online Recommendations Shape Our Perspectives

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In the digital age, the way we perceive the world and consume information is increasingly influenced by algorithms that curate content tailored to our preferences. One prominent aspect of this algorithmic influence is the recommendation engines on platforms like Amazon, Netflix, and various social media channels. These algorithms not only suggest products, movies, or books but, perhaps more significantly, play a crucial role in shaping our thoughts and outlook on various subjects.

The Echo Chamber Effect

Consider the ubiquitous book recommendations on Amazon. When the platform suggests titles based on your past purchases and browsing history, it creates a personalized bubble of content. While the intention is to enhance user experience and offer relevant suggestions, the consequence is the formation of a digital echo chamber. Users are exposed to a limited range of ideas and perspectives, reinforcing pre-existing beliefs and preferences. Over time, this can lead to a narrowing of viewpoints and a subtle entrenchment in a particular ideological space.


A recent study by AI Forensics and Check First, as highlighted in Le Monde, delves into the intricate workings of Amazon’s recommendation algorithm, revealing its not only profound influence on book sales but also its role in shaping public discourse. The researchers emphasize that Amazon’s algorithm not only promotes misleading books on critical societal topics such as health, immigration, climate change, and gender but also ensnares users in these narratives. The study, focused on the French and Belgian versions of Amazon’s bookstore, discloses that for 71.7% of Amazon France’s search results with the term “Covid,” associated queries contain books from authors known for spreading misinformation. With 181 million users in the European Union alone, the potential impact of such risks raises disproportionate concerns. This revelation underscores the critical need for a nuanced understanding of recommendation algorithms, especially considering their ability to shape perspectives and opinions in an increasingly interconnected world.

The Influence of Social Validation

The power of recommendations extends beyond algorithms. Influencer marketing, a thriving phenomenon in the digital realm, amplifies the impact of suggestions. Companies strategically partner with influencers whose opinions hold sway over their followers. These influencers, whether in the realm of beauty, fashion, or technology, effectively become tastemakers. When an influencer endorses a product or idea, their audience often perceives it as a form of social validation. This creates a ripple effect, with followers adopting the recommended products or viewpoints as a means of aligning with their chosen influencer’s identity.

Influencer Marketing

Take, for instance, the fashion industry, where influencers on platforms like Instagram and YouTube play a pivotal role. When a popular fashion influencer raves about a particular product, their audience is likely to trust the recommendation and buy it. This not only drives sales for the brand but also establishes a collective perception of the product’s efficacy within the influencer’s community.


Fashion Nova, a popular fast-fashion retailer based in Los Angeles, has become known for its strategic and successful use of influencer marketing. The brand collaborates with a wide range of influencers, including celebrities, social media personalities, and fashion bloggers, to promote and showcase their clothing products.

One of Fashion Nova’s notable collaborations was with Cardi B, a Grammy-winning rapper and influential figure in the fashion world. Cardi B, known for her bold and trendy style, frequently wears Fashion Nova outfits and shares them with her massive following on Instagram. Her authentic and enthusiastic endorsement of Fashion Nova has played a significant role in driving the brand’s popularity and sales.

In addition to collaborating with influencers, Fashion Nova actively encourages their customers to become micro-influencers by tagging the brand in their outfit posts and using specific hashtags. This approach not only fosters a sense of community but also amplifies the brand’s reach and social proof. It allows potential customers to see real people wearing and enjoying Fashion Nova clothing, influencing their perception and desire to engage with the brand.


Nike’s collaboration with basketball superstar LeBron James exemplifies the power of online recommendations and influencer marketing. By partnering with James, Nike focused on his popularity and influence to shape consumer perspectives and drive sales. Through advertisements and engaging campaigns, Nike positioned their basketball shoe line as the ultimate choice for fans and aspiring players, utilizing James’ endorsement as a seal of approval. This collaboration extended to digital platforms, leveraging James’ massive following to amplify brand messaging and spark desire for Nike’s products. The success of this partnership demonstrates the transformative impact that strategic influencer collaborations can have on consumer behavior, highlighting the significance of online recommendations and influencer marketing in shaping perspectives and enhancing brand influence.

Breaking the Echo Chamber

While recommendations and influencer marketing undoubtedly play a substantial role in shaping our perspectives, it’s essential to recognize the potential pitfalls of these digital echo chambers. Actively seeking diverse sources of information, engaging with content outside our comfort zones, and being aware of the algorithms at play can help break free from the confines of personalized recommendations.


In our digital journey, we must be aware of the influence that recommendations and influencer marketing can have on our thoughts and perceptions. By delving into the intricacies of these algorithms and their impact, we can approach digital content with discernment and cultivate a more open-minded perspective in our ever-connected world. 


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The global economy’s gradual recovery from both the pandemic and Russia’s invasion of Ukraine remains on track. China’s reopened economy is rebounding strongly. Supply chain disruptions are unwinding, while dislocations to energy and food markets caused by the war are receding. Simultaneously, the massive and synchronized tightening of monetary policy by most central banks should start to bear fruit, with inflation moving back towards targets.

The global markets experienced immediate and significant impacts due to the Russia-Ukraine war. The surge in energy prices, triggered by the commencement of the conflict, directly affected both consumers and industries with energy-intensive operations. This impact was particularly pronounced for nations heavily reliant on energy imports from Russia. Furthermore, the escalation in energy prices exacerbated an already challenging inflation situation, partly stemming from the expansive fiscal and monetary measures implemented during the peak of the COVID-19 crisis.

Although markets have exhibited some recovery since the invasion of Ukraine on Feb. 24, 2022, considerable uncertainties persist. Looking ahead, we anticipate that inflation, economic growth, and the efficacy of monetary policy will play pivotal roles in shaping market dynamics. However, various fundamental factors will also come into play. A thorough understanding of the performance over the past year can equip investors with valuable insights to analyze potential risks and opportunities in 2023.

Equity markets displayed considerable volatility and delivered some unexpected outcomes in the aftermath of the Russian invasion, marking a turbulent year for global financial markets. The conflict triggered notable economic and investment consequences, including the departure of major multinational corporations from Russia and the removal of Russian companies from the MSCI Emerging Markets Index.

Contrary to initial concerns, European equity markets performed better than anticipated, concluding the one-year period with a 2% increase when measured in local currency. However, the strengthening of the U.S. dollar against major European currencies tempered the MSCI Europe Index’s USD returns to 3% for international investors. Despite this, there was considerable variability in returns among European countries. Nations with geographical proximity to the conflict zone and gas dependency on Russia, such as Hungary, Poland, and Germany, experienced significant negative returns. In contrast, the U.K. demonstrated resilience, finishing the year strongly despite grappling with challenges posed by energy-price inflation.

Concerns about the risk of an uncontrolled wage-price spiral do not seem justified at this juncture. Nominal wage gains are trailing behind price increases, indicating a decline in real wages. This is occurring despite robust labor demand, marked by numerous job vacancies, and a lingering labor supply shortage as some workers are yet to fully return to the workforce post-pandemic. While one might expect real wages to rise, the current scenario suggests otherwise. Paradoxically, corporate margins have expanded, driven by significantly higher prices but only modestly increased wages.

On a different note, the side effects of the sharp monetary policy tightening over the past year are starting to manifest in the financial sector, as previously cautioned. The prolonged period of subdued inflation and low interest rates had bred complacency in the financial sector regarding maturity and liquidity mismatches. The rapid tightening of monetary policy in the past year resulted in considerable losses on long-term fixed-income assets and elevated funding costs.

In a hypothetical scenario where banks, responding to rising funding costs, prudently reduce lending, there could be an additional 0.3 percent reduction in output this year. However, the financial system may face more significant tests, with nervous investors targeting institutions with excess leverage, credit risk, interest rate exposure, dependence on short-term funding, or located in jurisdictions with limited fiscal space. A sharp tightening of global financial conditions, a ‘risk-off’ event, could lead to substantial impacts on credit conditions and public finances, especially in emerging market and developing economies, causing large capital outflows, increased risk premia, a rush to safety in the U.S. dollar, and major declines in global activity.

In such a severe downside scenario, global growth could slow to 1 percent this year, with a 15 percent estimated probability of such an outcome. As we navigate this challenging phase with lackluster economic growth, heightened financial risks, and unresolved inflation concerns, policymakers need a steady hand and clear communication.


The repercussions of Russia’s war on Ukraine have reverberated not only within the affected nations but also across the region and the globe. This underscores the critical need for a robust global safety net and regional arrangements to cushion economies in the face of such shocks.

In a recent briefing in Washington, IMF Managing Director Kristalina Georgieva emphasized the reality of living in a more shock-prone world. She stressed the importance of collective strength in dealing with the shocks that may arise in the future, recognizing the interconnectedness of nations in addressing global challenges.

While the full extent of the consequences may take years to become clear, there are already evident signs that the war and the subsequent surge in costs for essential commodities will pose challenges for policymakers. Striking a delicate balance between containing inflation and supporting economic recovery from the pandemic will become more arduous for some countries. The increased costs of essential commodities can exacerbate inflationary pressures, complicating the task of policymakers navigating the post-pandemic economic landscape.

In this evolving scenario, the imperative for a global safety net and effective regional arrangements becomes even more pronounced. These mechanisms can provide crucial support to countries grappling with the economic fallout of unforeseen global shocks, emphasizing the interconnected and interdependent nature of today’s world.


Source: chat gpt

Make money or find true love? The powerful impact of dating apps on e-commerce

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Everyone in life tries to earn money to pay all the bills. But is it the main purpose of human existence? Indeed, from my point of view , everyone always wants and strives to be happy . For example , we buy food , beverages to satisfy our needs and improve our mood. We do a lot of different things just to get positive emotions and find true love among all of that . As a result, love is always the key in our lives that inspires us and gives us wings for new achievements. In this way, technology helps us a lot by allowing people to find the other half of their heart to be completely happy. But what if we deeply analyze these applications and understand that their reason is not only in love, but at the same time in huge money?

The demand for online apps is constantly increasing, making  dating apps a huge online business nowadays.  It is a simple process when you sign up and have many options to choose, but if you want something unique – you always have to pay. In addition, because of registered people from different countries and cultures, dating apps force people to travel more to be able to meet another person face -to-face and to have possibility on personal conversation. It has a huge influence on economic for different countries, because of money spending on tickets, food , drinks and accommodation. When you are actively dating , you always want to look the best that why many surveys show that person who dates spend more money on outfits , makeup issues or just accessories to feel better and have possibility of showing yourself in best way .  Apart from this , the subscription model plays one of the main role in dating apps. The top companies generating a billions of dollars just through a mix of subscription model. Match Group which owns Tinder, Hinge and OkCupid , made a 2$billion in revenue in 2019.Bumble, where women make a first move, is valued at over 3$billion .

Conclusion: Despite of many advantages that dating apps provide, people, as usual ,face with another negative side such as lack of privacy, different views on regional and cultural factors and low self-esteem. From my point of view,  we all need to understand that dating apps  are primarily about making more money , in spite of providing people with true love feelings. That’s why I have never had any experience with these apps and consider them for myself as a very fresh thing that should be definitely adopted in order to provide users with a high level of security first and foremost.Anyway, if you know how to use it in a proper way ,for example, just like an some kind  of inspiration to find a partner for your life – you will definitely can get what you want ,because whoever searches will always find it!

Resources :






AI tool : Hypotenuse AI (statistics about money earned by dating apps)

How TaskRabbit and Handy are making it easier to get things done?

Reading Time: 3 minutes

What’s “sharing economy”?

It can be described as an economic model in which goods and resources are shared by individuals and groups in a collaborative way such that physical assets become services. The sharing economy’s growth has been facilitated through advances in big data and online platforms…

The sharing economy is one of the most rapidly growing market phenomena in history. Since 2010, investors have contributed over $23 billion in venture capital funding to start-ups that are using a share-based business model. As many of the share-based firms are private, it is difficult to know the exact size of the sharing economy.

The sharing economy involves short-term peer-to-peer transactions to share use of idle assets and services or to facilitate collaboration. The sharing economy often involves some type of online platform that connects buyers and seller.

One of prominent examples of sharing economy platforms in the home services sector are TaskRabbit and Handy.

TaskRabbit: The On-Demand Convenience

TaskRabbit is an odd-job service that operates in over 61 U.S. cities and connects users, called Taskers, to paying gigs. Taskers set their own rates and may get tips. Popular jobs with higher earning potential include handyman-type tasks, moving and cleaning, according to the company.

To be eligible, you must be 18 or older, have a Social Security number, checking account, credit card and smartphone, and pass background and ID checks.

You need to use the Tasker mobile app to create an account and go through the verification process. You’ll have to provide basic information about yourself, upload a profile photo, set up direct deposit, set pay rates and state your level of experience for your task categories.

For each service you provide, you’ll also have to add a “quick pitch” detailing why people should pick your services (more on that later). To help you maintain positive reviews and ratings, TaskRabbit recommends limiting those services to ones you “can perform at a high-quality level.”

If TaskRabbit approves your application, you’ll be charged a nonrefundable $25 registration fee. And that’s the only bill you’ll foot as a Tasker. All other fees come from clients.

Handy: Expertise at Your Fingertips.

Have you been putting off a collection of household tasks you just can’t seem to get to? Handy’s easy-to-use platform can get them scheduled, paid for, and finished in no time—sometimes even the same day!!!

For smaller household tasks such as furniture assembly, cleaning, and TV mounting, Handy is an excellent platform. Its streamlined one-step process of booking a professional and getting a quote is convenient for those who need last-minute services, as well as for clients who are simply too busy to invest more time in researching who to hire for the job.


  • Service area: Select cities across the U.S.
  • Services categories: Cleaning, furniture assembly, general handyman services, electrical, plumbing, moving, home improvement projects, and more
  • Scheduling: Online, mobile app
  • Cancellation policy: Free cancellation up until 24 hours before appointment; $25 fee for cancellation 2 to 24 hours before appointment; full cost for cancellations within 2 hours of appointment


  • Simple and streamlined one-step booking process
  • Vetted and screened professionals
  • Special deals available through popular retailers such as Costco, Crate & Barrel, Wayfair, Walmart, and Mr. Clean


  • Relatively short complaint-filing window of 72 hours after the service was provided
  • Insurance information for hired individuals not readily available
  • Reports of quotes being significantly lower than actual cost incurred.

The Sharing Economy Revolutionizing Home Services!

Overall Impact

TaskRabbit and Handy have revolutionized the home services industry by addressing several key challenges faced by traditional service providers:

  • Accessibility: These platforms make it easier for customers to find and book services, eliminating the hassle of searching for and vetting individual providers.
  • Convenience: Online booking, real-time tracking, and secure payment options provide a seamless user experience for customers.
  • Reliability: TaskRabbit and Handy’s screening processes ensure that customers are matched with qualified and trustworthy professionals.
  • Transparency: Clear pricing structures and customer reviews foster trust and confidence in the services offered.

As a result of these factors, TaskRabbit and Handy have significantly expanded the reach of home services, making them more accessible and appealing to a broader range of consumers. The sharing economy approach has also led to increased competition and innovation in the industry, driving improvements in service quality, customer satisfaction, and overall efficiency.

In conclusion, TaskRabbit and Handy have played a transformative role in the home services industry, offering customers greater convenience, reliability, and transparency. The sharing economy model has revolutionized the way people access and manage home services, paving the way for a more efficient and customer-centric industry.

Isn’t that great? Let me know what do you think about those business models in the comments 🙂


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As we all know, the US dollar has long played a humungous role in global markets. It continues to do so, even as the American economy has been producing a shrinking share of global output over the last two decades.

The US share in world merchandise exports has declined from 12 percent to 8 percent since 2000, the dollar’s share in world exports has held around 40 percent. For many countries fighting to bring down inflation, the weakening of their currencies relative PRIOR to the dollar has made the fight harder. On average, the estimated pass-through of a 10 percent dollar appreciation into inflation is 1 percent. Such pressures are especially acute in emerging markets, reflecting their higher import dependency and greater share of dollar-invoiced imports compared with advanced economies. The dollar is at its highest level since 2000, having appreciated 22 percent against the yen, 13 percent against the Euro and 6 percent against emerging market currencies since the start of this year.

As the chart illustrates, readings for a growing share of G20 countries have fallen from expansionary territory earlier this year to levels that signal contraction. That is true for both advanced and emerging market economies, underscoring the slowdown’s global nature. October PMI releases point to weakness in the fourth quarter, particularly in Europe. In China, intermittent pandemic lockdowns and the struggling real estate sector are contributing to a slowdown that can be seen not only in PMI data but also in investment, industrial production, and retail sales. This will inevitably have a significant impact on other economies due to China’s large role in trade.

Despite growing evidence of a global slowdown, policymakers should continue to prioritize containing inflation, which is contributing to a cost-of-living crisis, hurting low-income and vulnerable groups the most. As our G20 report emphasizes, the macroeconomic policy environment is unusually uncertain.

Global economic growth prospects are confronting a unique mix of headwinds, including from Russia’s invasion of Ukraine, interest rate increases to contain inflation, and lingering pandemic effects such as China’s lockdowns and disruptions in supply chains.In turn, our latest World Economic Outlook, released last month, lowered our global growth forecast for next year to 2.7 percent, and we expect countries accounting for more than one third of global output to contract during part of this year or next.

By contrast, the currencies of smaller economies that haven’t traditionally figured prominently in reserve portfolios, such as the Australian and Canadian dollars, Swedish krona and South Korean won, account for three quarters of the shift from dollars.

Two factors may help to explain the movement into this set of currencies:

  • These currencies combine higher returns with relatively lower volatility. This appeals increasingly to central bank reserve managers as foreign exchange stockpiles grow, raising the stakes for portfolio allocation.
  • New financial technologies—such as automatic market-making and automated liquidity management systems—make it cheaper and easier to trade the currencies of smaller economies.

The challenges that the global economy is facing are immense and weakening economic indicators point to further challenges ahead. However, with careful policy action and joint multilateral efforts, the world can move toward stronger and more inclusive growth. A regression analysis of global reserve currency shares confirms that a higher economic risk premium, measured by the cost of using credit derivatives to insure against default, reduces a currency’s share in global reserves. Evidently, holders favor the currencies of countries known for good governance, economic stability and sound finances. For the United States, despite the global fallout from a strong dollar and tighter global financial conditions, monetary tightening remains the appropriate policy while US inflation remains so far above target. Not doing so would damage central bank credibility, de-anchor inflation expectations, and necessitate even more tightening later—and greater spillovers to the rest of the world.




AI and Gambling: A Risky Combination

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The Role of Artificial Intelligence in Online Casinos

Artificial intelligence (AI) is a technology that can process large amounts of data, learn from patterns, and make predictions and decisions. AI has been applied to various domains, including the gambling industry, where it can offer new features, opportunities, and challenges for both operators and players. However, AI also poses significant risks and ethical dilemmas for gambling, especially in relation to problem gambling, fairness, and transparency. In this article, I will critically examine some of the arguments for and against AI and gambling, and offer my own perspective on this issue.

One of the main arguments in favor of AI and gambling is that it can enhance the gambling experience and efficiency for both operators and players. AI can provide personalized and dynamic gambling options, such as tailored recommendations, in-play betting, and cash-out features, that can increase the engagement and satisfaction of players. AI can also help operators to optimize their operations, such as marketing, customer service, and fraud prevention, by analyzing customer behavior, preferences, and feedback. For example, ChatGPT, an AI language model, can generate text, video, and audio content that can be used for various purposes, such as news, education, entertainment, and marketing.

The Significance of Artificial Intelligence in the Virtual Betting Industry

Another argument in favor of AI and gambling is that it can help prevent and reduce problem gambling, which is a serious issue that affects millions of people worldwide. AI can monitor and detect signs of problematic gambling behavior, such as excessive spending, chasing losses, or emotional distress, by using data from various sources, such as online platforms, social media, and biometric sensors. AI can also intervene and provide support and guidance for problem gamblers, such as alerts, reminders, self-exclusion, or referrals to professional help. For example, BetBuddy, an AI system developed by Playtech, can identify and assist at-risk and problem gamblers by using machine learning and behavioral analytics.

However, not everyone is convinced by the benefits of AI and gambling. Some of the main arguments against AI and gambling are that it can increase the risk and harm of problem gambling, and that it can compromise the fairness and transparency of gambling outcomes. AI can create gambling options that are more addictive and immersive, such as micro and in-play bets, losses disguised as wins, and augmented reality, that can exploit the psychological and emotional vulnerabilities of players. AI can also manipulate and influence the decisions and behaviors of players, such as nudging them to bet more, or altering the odds and payouts, by using data and algorithms that are not transparent or accountable. For example, some AI systems, such as WagerGPT and OddsGPT, can use sentiment analysis from Twitter and deep learning to predict and influence the outcomes of sports betting.

How AI is Making Gambling Safer – BetMGM

Another argument against AI and gambling is that it can threaten the job market and the future of work, especially for those who work in the gambling industry. AI can automate and replace many tasks and roles that are currently performed by human workers, such as dealers, cashiers, analysts, and marketers, by using robots, chatbots, and software. AI can also create new forms of competition and disruption for the existing gambling operators, such as online platforms, cryptocurrencies, and blockchain, that can offer lower costs, higher efficiency, and greater security. For example, some AI platforms, such as Augur and Gnosis, can use blockchain and smart contracts to create decentralized and peer-to-peer prediction markets.

My own view on AI and gambling is that it is a complex and controversial issue that requires careful and balanced consideration. I think that AI can offer some advantages and opportunities for gambling, such as improving the quality and diversity of gambling options, and helping to prevent and reduce problem gambling. However, I also think that AI can pose some serious risks and challenges for gambling, such as increasing the addiction and harm of problem gambling, and compromising the fairness and transparency of gambling outcomes. Therefore, I think that the key to AI and gambling is not to embrace or reject it, but to regulate and monitor it. I think that we need to establish clear and ethical rules and standards for the development and use of AI in gambling, and protect the rights and interests of both operators and players. I think that we need to educate and empower both operators and players to use AI in gambling responsibly and wisely, and enhance their skills and awareness. I think that we need to respect and balance the interests and values of all the stakeholders involved in AI and gambling, and foster a culture of cooperation and dialogue. I think that we need to understand and evaluate the impacts and implications of AI and gambling, and explore its potential and limitations for the future of gambling.


  10. Chat GPT 4 with grammarly plugin