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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
VANCOUVER, British Columbia, March 23, 2023 (GLOBE NEWSWIRE) -- Tudor Gold Corp. (TSXV: TUD) (the “ Company ”) is pleased to announce that it has entered into an agreement with Research Capital Corporation, as the lead underwriter and sole bookrunner (the “ Lead Underwriter ”), on behalf of a syndicate of underwriters (collectively, the “ Underwriters ”), whereby the Underwriters will purchase, on a bought-deal basis, securities of the Company (the “ Offered Securities ”) for aggregate gross proceeds to the Company of approximately $10,000,000 (the “ Offering ”) in a combination of:

1. flow-through units of the Company (the “ FT Units ”) at a price of $1.28 per FT Unit. Each FT Unit will consist of one common share of the Company (a “ Common Share ”) that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “ Tax Act ”) and one-half of one Common Share purchase warrant (each whole warrant, a “ Warrant ”); and
2. flow-through units of the Company to be sold to charitable purchasers (the “ Charity FT Units ”) at a price of $1.60 per Charity FT Unit. Each Charity FT Unit will consist of one Common Share that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Tax Act that will be issued as part of a charity arrangement and one-half of one Warrant.

Each Warrant shall entitle the holder thereof to purchase one Common Share (a “ Warrant Share ”) at an exercise price of $1.60 per Warrant Share at any time up to 24 months following the closing of the Offering.
The entire gross proceeds from the issue and sale of the FT Units and Charity FT Units will be used for Canadian Exploration Expenses as defined in paragraph (f) of the definition of “Canadian exploration expense” in subsection 66.1(6) of the Tax Act and "flow through mining expenditures" as defined in subsection 127(9) of the Tax Act that will qualify as "flow-through mining expenditures", and “BC flow-through mining expenditures” as defined in subsection 4.721(1) of the Income Tax Act (British Columbia) (the " Qualifying Expenditures "), which will be incurred on or before December 31, 2024 and renounced with an effective date no later than December 31, 2023 to the initial purchasers of FT Units and Charity FT Units.
The Underwriters will have an option (the “ Underwriters’ Option ”) to offer for sale up to an additional 15% of the number of Offered Securities sold in the Offering, which Underwriters’ Option is exercisable, in whole or in part, at any time up to 48 hours prior to the closing of the Offering.
The Offered Securities to be issued under the Offering will be offered by way of private placement in each of the provinces of Canada. The Offering is scheduled to close on or about the week of April 12, 2023, or such other date as agreed upon between the Company and the Lead Underwriter (the “ Closing ”) and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The Offered Securities and securities underlying the Compensation Warrants (as defined herein) to be issued under the Offering will have a hold period of four months and one day from Closing.
In connection with the Offering, the Underwriters will receive an aggregate cash fee equal to 6.0% of the gross proceeds from the Offering (including in respect of any exercise of the Underwriters’ Option) and the Company will grant the Underwriters, on date of Closing, non-transferable compensation warrants (the “ Compensation Warrants ”) equal to 6.0% of the total number of Offered Securities sold under the Offering (including in respect of any exercise of the Underwriters’ Option), other than proceeds from the Company’s president’s list in which the cash commission and Compensation Warrants will be reduced to 3.0%. Each Compensation Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $1.28 per Common Share for a period of 24 months following the Closing.
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.
About Tudor Gold Corp.
Tudor Gold Corp. is a precious and base metals exploration and development company with properties in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The 17,913 hectare Treaty Creek project (in which TUDOR GOLD has a 60% interest) borders Seabridge Gold Inc.'s KSM property to the southwest and borders Newcrest Mining's Brucejack Mine property to the southeast.
ON BEHALF OF THE BOARD OF DIRECTORS OF TUDOR GOLD CORP.
“Ken Konkin”
Ken Konkin
President and Chief Executive Officer
For further information, please visit the Company’s website at www.tudor-gold.com or contact:
Chris Curran
Head of Corporate Development and Communications
Phone: (604) 559 8092
E-Mail: [email protected]
or
Carsten Ringler
Head of Investor Relations and Communications
Phone: +49 151 55362000
E-Mail: [email protected]
Cautionary Note Regarding Forward-looking Information
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the expectation that the Offering will close in the timeframe and on the terms as anticipated by management. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connation thereof. These forward‐looking statements or information relate to, among other things: the completion of the Offering; the expected closing date of the Offering; the intended use of proceeds from the Offering; the Company’s ability to incur Canadian Exploration Expenses and BC flow-through mining expenditures as anticipated by management; and the receipt of all necessary approvals for the completion of the Offering, including the approval of the TSX Venture Exchange.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will complete Offering in the timeframe and on the terms as anticipated by management; that the Company will be able to incur Canadian Exploration Expenses and BC flow-through mining expenditures as anticipated by management, and that the Company will receive all necessary approvals for the completion of the Offering, including the approval of the TSX Venture Exchange. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the failure to complete the Offering in the timeframe and on the terms as anticipated by management, risks relating to the Company’s inability to incur Canadian Exploration Expenses and BC flow-through mining expenditures as anticipated by management, and risks relating to the Company not receiving all necessary approvals for the completion of the Offering, including the approval of the TSX Venture Exchange, market conditions and timeliness regulatory approvals. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
​
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People are excellent navigators of the physical world, due in part to their remarkable ability to build cognitive maps that form the basis of spatial memory — from localizing landmarks at varying ontological levels (like a book on a shelf in the living room) to determining whether a layout permits navigation from point A to point B. Building robots that are proficient at navigation requires an interconnected understanding of (a) vision and natural language (to associate landmarks or follow instructions), and (b) spatial reasoning (to connect a map representing an environment to the true spatial distribution of objects). While there have been many recent advances in training joint visual-language models on Internet-scale data, figuring out how to best connect them to a spatial representation of the physical world that can be used by robots remains an open research question.
To explore this, we collaborated with researchers at the University of Freiburg and Nuremberg to develop Visual Language Maps (VLMaps), a map representation that directly fuses pre-trained visual-language embeddings into a 3D reconstruction of the environment. VLMaps, which is set to appear at ICRA 2023, is a simple approach that allows robots to (1) index visual landmarks in the map using natural language descriptions, (2) employ Code as Policies to navigate to spatial goals, such as "go in between the sofa and TV" or "move three meters to the right of the chair", and (3) generate open-vocabulary obstacle maps — allowing multiple robots with different morphologies (mobile manipulators vs. drones, for example) to use the same VLMap for path planning. VLMaps can be used out-of-the-box without additional labeled data or model fine-tuning, and outperforms other zero-shot methods by over 17% on challenging object-goal and spatial-goal navigation tasks in Habitat and Matterport3D. We are also releasing the code used for our experiments along with an interactive simulated robot demo.
​
VLMaps can be built by fusing pre-trained visual-language embeddings into a 3D reconstruction of the environment. At runtime, a robot can query the VLMap to locate visual landmarks given natural language descriptions, or to build open-vocabulary obstacle maps for path planning.

Classic 3D maps with a modern multimodal twist

VLMaps combines the geometric structure of classic 3D reconstructions with the expression of modern visual-language models pre-trained on Internet-scale data. As the robot moves around, VLMaps uses a pre-trained visual-language model to compute dense per-pixel embeddings from posed RGB camera views, and integrates them into a large map-sized 3D tensor aligned with an existing 3D reconstruction of the physical world. This representation allows the system to localize landmarks given their natural language descriptions (such as "a book on a shelf in the living room") by comparing their text embeddings to all locations in the tensor and finding the closest match. Querying these target locations can be used directly as goal coordinates for language-conditioned navigation, as primitive API function calls for Code as Policies to process spatial goals (e.g., code-writing models interpret "in between" as arithmetic between two locations), or to sequence multiple navigation goals for long-horizon instructions.
​
^{# move first to the left side of the counter, then move between the sink and the oven, then move back and forth to the sofa and the table twice.
robot.move\}to_left('counter'))
^robot.move\in_between('sink', 'oven'))
^{pos1 = robot.get\}pos('sofa'))
^{pos2 = robot.get\}pos('table'))
^{for i in range(2} :)
^robot.move\to(pos1))
^robot.move\to(pos2))
^{# move 2 meters north of the laptop, then move 3 meters rightward.
robot.move\}north('laptop'))
^{robot.face('laptop'})
^{robot.turn(180})
^robot.move\forward(2))
^{robot.turn(90})
^robot.move\forward(3))
^{VLMaps can be used to return the map coordinates of landmarks given natural language descriptions, which can be wrapped as a primitive API function call for Code as Policies to sequence multiple goals long-horizon navigation instructions.}

Results

We evaluate VLMaps on challenging zero-shot object-goal and spatial-goal navigation tasks in Habitat and Matterport3D, without additional training or fine-tuning. The robot is asked to navigate to four subgoals sequentially specified in natural language. We observe that VLMaps significantly outperforms strong baselines (including CoW and LM-Nav) by up to 17% due to its improved visuo-lingual grounding.
​
The VLMaps-approach performs favorably over alternative open-vocabulary baselines on multi-object navigation (success rate [%]) and specifically excels on longer-horizon tasks with multiple sub-goals.
A key advantage of VLMaps is its ability to understand spatial goals, such as "go in between the sofa and TV" or "move three meters to the right of the chair”. Experiments for long-horizon spatial-goal navigation show an improvement by up to 29%. To gain more insights into the regions in the map that are activated for different language queries, we visualize the heatmaps for the object type “chair”.
​
The improved vision and language grounding capabilities of VLMaps, which contains significantly fewer false positives than competing approaches, enable it to navigate zero-shot to landmarks using language descriptions.

Open-vocabulary obstacle maps

A single VLMap of the same environment can also be used to build open-vocabulary obstacle maps for path planning. This is done by taking the union of binary-thresholded detection maps over a list of landmark categories that the robot can or cannot traverse (such as "tables", "chairs", "walls", etc.). This is useful since robots with different morphologies may move around in the same environment differently. For example, "tables" are obstacles for a large mobile robot, but may be traversable for a drone. We observe that using VLMaps to create multiple robot-specific obstacle maps improves navigation efficiency by up to 4% (measured in terms of task success rates weighted by path length) over using a single shared obstacle map for each robot. See the paper for more details.
​
Experiments with a mobile robot (LoCoBot) and drone in AI2THOR simulated environments. Left: Top-down view of an environment. Middle columns: Agents’ observations during navigation. Right: Obstacle maps generated for different embodiments with corresponding navigation paths.

Conclusion

VLMaps takes an initial step towards grounding pre-trained visual-language information onto spatial map representations that can be used by robots for navigation. Experiments in simulated and real environments show that VLMaps can enable language-using robots to (i) index landmarks (or spatial locations relative to them) given their natural language descriptions, and (ii) generate open-vocabulary obstacle maps for path planning. Extending VLMaps to handle more dynamic environments (e.g., with moving people) is an interesting avenue for future work.
​
Visual language maps for robot navigation

Came across these pictures in some goggle reviews and find it a bit...interesting. I admire the creativity but these kinda seems like trying to recreate the story of somebody stumbling upon a bom in the wild then somehow becoming converted.

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Communication: The Chinese language is tonal, and its grammar structure differs from that of Western languages. Communication styles and nonverbal cues vary between the two cultures as well.
Chinese culture is more collectivist and hierarchical, whereas Western culture is more individualistic and egalitarian. There are also distinctions between long-term and short-term orientation.
Education is highly valued in Chinese culture, and teaching methods are more rote memorization-based. Critical thinking and creativity are more valued in Western culture.
Food and Dining: Chinese cuisine is diverse and places a high value on food, with specific dining etiquette and traditional dishes. Although Western cuisine is diverse, dining etiquette is generally less formal.
Work and Business: Chinese and Western cultures have different work ethics and business relationships. The Chinese have a more collectivistic approach to work and place a higher value on relationships, whereas Western culture values individualism and efficiency.

Communication

The language differences between Chinese and Western cultures are significant, which can make communication and understand difficult. Here are some key distinctions: Tonal Language: Because Chinese is a tonal language, the pitch or tone of a syllable can alter the meaning of a word. This contrasts with Western languages, which rely on intonation to convey meaning. Grammar Structure: Chinese grammar structure differs from that of Western languages. Chinese, for example, does not use articles, verb tenses, or plurals in the same way that English does. Written Language: Chinese characters differ significantly from Western letters and do not use an alphabet. This makes learning and reading Chinese characters difficult for Westerners.
Idiomatic Expressions: Each language has its own set of idiomatic expressions that can be difficult to translate accurately. Nonverbal cues, such as facial expressions and body language, differ between the two cultures and can lead to misunderstandings.

Values

Individualism and collectivism are two cultural values that can influence how people think, behave, and interact with others. Here are some key differences between Chinese and Western cultures' individualism and collectivism: Western culture's view of individualism: Personal freedom, autonomy, and independence are emphasized. Individual achievement and success should be prioritized. Prioritization of personal objectives over group objectives Meritocracy and competition Encouragement of individuality and self-expression
Chinese cultural collectivism: Group harmony, cooperation, and interdependence are prioritized.Prioritize group needs and goals over individual needs.Family and social relationships take precedence over personal interests.Authority and hierarchy must be respected.The significance of maintaining one's "face" or social reputation
These cultural values have the potential to influence many aspects of life, including decision-making, communication style, work ethic, and social relationships. Individualism, for example, may encourage people to speak up and challenge authority in Western cultures, whereas collectivism, in Chinese culture, may prioritize maintaining harmony and respecting authority figures. Understanding cultural differences can help people from various cultural backgrounds communicate more effectively and build positive relationships. It's critical to understand that neither individualism nor collectivism is inherently better nor worse; rather, they reflect different cultural values and priorities.

Hierarchical and egalitarian societies are two different cultural models

Hierarchical and egalitarian societies are two cultural models that reflect the distribution of power and authority in a society. Here are some key differences between Chinese and Western hierarchical and egalitarian societies: The Chinese culture has a hierarchical society: The importance of social hierarchy and status Seniority and authority must be respected. The significance of titles and formal addresses Collectivist values place the needs of the group ahead of the needs of the individual. A strong emphasis is placed on family and social networks. Acceptance of unequal wealth and power distribution
Western culture's egalitarian society: The importance of equality and meritocracy a reduction in the importance of social hierarchy and status Casual dress codes and informal communication Individualist values that place a premium on personal liberty and self-expression
Focus on opportunities for social mobility:Criticism of unequal wealth and power distributionThese cultural differences can have an impact on many aspects of life, including business, education, and politics. Respecting authority figures and maintaining social harmony, for example, maybe more important in Chinese culture than individual expression or challenging the status quo, whereas the opposite may be true in Western cultures. It is critical to understand that neither hierarchical nor egalitarian societies are inherently better or worse, but rather reflect different cultural values and priorities. Understanding these distinctions can help people from various cultural backgrounds communicate more effectively and form positive relationships.

Education

Both Chinese and Western cultures place a high value on education, but there are significant differences in how education is approached and prioritized. Here are some key distinctions: The significance of education in Chinese culture: Education is highly valued as a means of social mobility and advancement. Academic achievement and success are highly valued. Parents frequently devote a significant amount of time and money to their children's education, including tutoring and extracurricular activities. The teaching style is rote memorization-based, with an emphasis on mastering fundamental knowledge. There is a widespread belief that education leads to a better life and that success can be attained through hard work and dedication.
The significance of education in Western culture:
Education is also highly valued, but it may be viewed as a tool for personal growth and enrichment.A greater emphasis is placed on critical thinking, creativity, and problem-solving.Education is viewed as a means of acquiring the skills and knowledge required to succeed in a career or profession.The teaching style is more interactive, with an emphasis on student engagement and participation.There is a strong belief in lifelong learning and the value of education outside of formal schooling.

Teaching styles in Chinese and Western cultures

Teaching style in Chinese culture: The emphasis is on rote memorization and fundamental knowledge mastery.The teacher is seen as an authority figure, and students are expected to respect and obey them. The classroom environment may be more formal, with a focus on discipline and order. Group projects and collaborative learning may be uncommon. There may be a greater emphasis on testing and grades as measures of success. The goal of education is often seen as achieving academic success and upward mobility.

Teaching style in Western culture:

Emphasis on critical thinking, creativity, and problem-solving. Students are encouraged to question and challenge the teacher, who is viewed as a facilitator.The classroom environment may be more informal and relaxed, with a focus on student engagement and participation.Group work and collaborative learning are often emphasized.There may be less emphasis on testing and grades and more focus on the process of learning.The goal of education is often seen as personal development and enrichment.
These variations in teaching style reflect larger cultural values and priorities. For example, in Chinese culture, the emphasis on rote memorization may reflect the importance of academic achievement and social status, while in Western culture, the emphasis on critical thinking may reflect the importance of individualism and innovation.

The role of parents in Chinese and Western cultures

Role of parents in Chinese culture: Parents are often seen as the ultimate authority figures and are highly respected.There is a strong emphasis on filial piety or respect for one's parents and ancestors.Parents are expected to provide financial and emotional support to their children, even into adulthood.There is a belief that parental involvement in education is critical to a child's success, and parents may invest significant time and resources in their children's education. Children are frequently viewed as extensions of their parents' dreams and aspirations, and they may be expected to fulfill those dreams and aspirations.
Parental roles in Western culture: Parents are seen as important guides and supporters, but children are encouraged to be independent and self-reliant.There is less emphasis on filial piety and more emphasis on individualism and personal freedom.Parents are expected to provide basic necessities as well as emotional support to their children, but children are encouraged to become financially independent as adults.There is a belief in the importance of a child's individual interests and passions, and parents may encourage their children to pursue their own goals and aspirations.Children are seen as individuals with their own unique personalities and needs.

Food and Dining

Food is an important part of both Chinese and Western cultures, but its importance and significance vary greatly due to differences in cultural values and traditions. Here are some key distinctions: Food's significance in Chinese culture: Food is regarded as an essential component of social and family life, and meals are frequently regarded as a time for family and community bonding. Traditional Chinese medicine emphasizes the importance of a balanced diet, and there is a strong emphasis on the health benefits of food. Many Chinese dishes are associated with special occasions and festivals and have symbolic meanings. Certain foods are thought to have medicinal properties and can be used to treat or prevent illnesses.Food is often used to express hospitality, and guests are usually served a variety of dishes to demonstrate generosity and respect.
Food's significance in Western culture: Food is an important part of social and family life as well, but meals may be viewed as a time for individual enjoyment and personal preferences. There is a greater emphasis on taste and presentation than on the health benefits of food. Many Western dishes have cultural or regional associations but do not necessarily have symbolic meanings. Although some foods are thought to have health benefits, there is less emphasis on their medicinal properties. While food is one way to express hospitality, Western culture also values other aspects of hosting, such as entertainment and conversation.

Dining etiquette

Dining manners in Chinese culture: It is customary to begin a meal with a toast or a word of thanks to the host.Meals are typically served family-style with multiple dishes, and it is customary to wait for the oldest or most senior person at the table to begin eating before proceeding.It is considered impolite to eat everything on a plate because it implies that the host did not provide enough food.It is considered polite to use chopsticks rather than a fork and knife, and it is important to avoid pointing chopsticks directly at someone. It is acceptable to burp or make other noises during a meal because it indicates that the food is delicious and enjoyed.To demonstrate that the host has provided ample portions, it is customary to leave a small amount of food on the plate.
Dining manners in Western culture:
Before beginning the meal, it is customary to wait for the host or hostess to begin eating.
Meals are usually served individually, with one plate per person, and it is expected that everyone finishes everything on their plate.
It is proper to use a fork and knife, and it is critical to hold the utensils properly and cut food into bite-sized pieces.
Making noise, including burping, during a meal is considered impolite and should be avoided.
A clean plate is expected to indicate that the food was enjoyed and appreciated.

Traditional dishes

Traditional dishes in Chinese and Western cultures reflect their respective histories, cultural values, and culinary practices. Here are some examples of each culture's traditional dishes: Traditional Chinese dishes include: Dumplings: a type of filled pastry made with wheat flour that is commonly served as a symbol of wealth and good fortune during the Chinese New Year. Peking duck: a roasted duck dish from Beijing known for its crispy skin and tender meat. Hot pot: a communal meal in which diners cook raw ingredients like meat, vegetables, and tofu in a pot of simmering broth. Dim sum: a Cantonese cuisine style consisting of bite-sized dishes served in bamboo baskets, typically served for brunch or lunch.Mooncakes are a type of pastry filled with sweet or savory fillings that are traditionally eaten during the Mid-Autumn Festival.
Western culture's traditional dishes include:
Roast beef: a traditional British dish of roasted beef served with vegetables and gravy.
Pizza is an Italian dish that consists of a flatbread topped with tomato sauce, cheese, and a variety of toppings.
Fish and chips: a traditional British dish of battered and deep-fried fish served with chips (French fries).
Paella is a traditional Spanish dish made of rice, saffron, and various meats and vegetables.
Thanksgiving turkey: a traditional American dish served at Thanksgiving dinner that consists of roasted turkey with stuffing and a variety of sides.

POS Machine

How a POS Device Can Help Streamline Your Business Operations

Point of sale (POS) devices are electronic systems that allow businesses to process and record transactions. They have become increasingly popular in recent years, particularly in the retail and hospitality industries. A POS device can help streamline business operations by automating many manual processes, reducing errors, and providing valuable data for decision-making.

Automating Transactions with a POS Device

One of the most significant benefits of a POS device is that it automates the transaction process. Instead of manually recording transactions, a POS device can quickly process credit and debit card payments and cash transactions. This saves time and reduces the risk of errors, which can be costly for businesses. Additionally, many POS devices can automatically calculate taxes and generate receipts, further streamlining the transaction process.
A POS device can also help businesses manage multiple payment types, including cash, credit and debit cards, and mobile payments. This allows businesses to offer a wider range of payment options to their customers, which can lead to increased sales and customer satisfaction. Businesses can create a more seamless and convenient transaction process by providing customers with multiple payment options.

Managing Inventory with a POS Device

Another critical area where a Point of Sale Machine can help streamline business operations is inventory management. A POS device can track inventory levels in real time, alerting business owners when stock levels are low or when products are selling quickly. This allows business owners to adjust their inventory levels accordingly, reducing waste and ensuring they always have the products their customers want.
POS devices can also help businesses track their most popular products and identify which products are not selling well. This information can be used to make informed decisions about which products to stock and which to discontinue. By tracking inventory levels and sales data, a POS device can help businesses make more informed decisions about their inventory management.
In addition to inventory management, a POS device can help businesses track and manage their suppliers. A POS device can keep track of supplier contact information, payment terms, and order history. This allows businesses to manage their relationships with suppliers more efficiently, ensuring they always have the products they need to run their business.

Improving Employee Productivity with a POS Device

POS device can improve employee productivity. Automating many manual processes allows employees to focus on more important tasks, such as providing excellent customer service. Additionally, POS devices can speed up the transaction process, reducing wait times and improving the overall customer experience. This can lead to higher customer satisfaction and increased sales.
A POS device can also help businesses manage their schedules and track employee time and attendance. By automating these processes, businesses can reduce the administrative burden on their staff, saving time and reducing errors.

Data-Driven Decision-Making with a POS Device

POS devices can provide businesses with valuable data that can be used to make informed decisions. By tracking sales data, inventory levels, and customer behavior, businesses can gain insights into their operations and identify areas for improvement. For example, businesses can use sales data to identify their most profitable products and adjust their marketing strategies accordingly. They can also use customer behavior data to identify trends and adjust their product offerings to meet customer demand.
POS devices can also help businesses track employee performance. By tracking sales data and customer feedback, businesses can identify their top-performing employees and provide training and coaching to improve the performance of their lower-performing employees.
In addition to tracking sales data, a POS device can help businesses manage their customer data. A POS device can collect customer information, such as email addresses and phone numbers, which can be used for marketing purposes. This allows businesses to build customer loyalty and generate targeted marketing campaigns to drive sales.

Security and Fraud Prevention with a POS Device

POS Machines improve security and prevent fraud. POS Systems are designed with security in mind and often have advanced security features, such as encryption and tokenization, to protect sensitive customer data. This helps businesses comply with regulations such as the Payment Card Industry Data Security Standard (PCI DSS) and prevents data breaches that can be costly and damaging to a business's reputation.
POS devices can also help prevent fraud by detecting suspicious transactions and alerting business owners. For example, a POS device may flag a transaction as suspicious if it exceeds a certain amount or is made from an unfamiliar location. This can help businesses prevent fraudulent transactions and protect their finances.

Choosing the Right POS Device for Your Business

When choosing a POS device, it's essential to consider your business's unique needs and requirements. Here are some factors to consider when selecting a POS device:
1. Size and Type of Business: The size and type of business you have will determine the features and functionality you need from a POS device. For example, a small retail business may only need basic transaction processing and inventory management features. At the same time, a large restaurant may require advanced order management and table mapping features.
2. Integration with Other Systems: It's essential to consider whether the POS device integrates with other systems, such as accounting software or customer relationship management (CRM) tools. Integration can help streamline operations and improve data accuracy.
3. Ease of Use: A POS device should be easy to use and navigate, with a user-friendly interface that minimizes employee training time.
4. Security and Compliance: The POS device should comply with security and compliance regulations like the PCI DSS to protect sensitive customer data and prevent fraud.
5. Customer Support: It's essential to choose a POS device that offers reliable customer support, with access to knowledgeable support staff and quick response times.

Conclusion:

Overall, a POS device can help streamline business operations by automating transactions, managing Inventory, improving employee productivity, providing data-driven insights, and preventing fraud. When choosing a Point of Sale Machine, it's essential to consider your business's unique needs and requirements, including size and type of business, integration with other systems, ease of use, security and compliance, and customer support. By selecting the right POS device for your business, you can improve efficiency, reduce errors, and drive sales.

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At the GTC, Silicon Valley's largest artificial intelligence event, Nvidia's founder CEO, Jen-Hsun Huang, showed the world his determination to march into AI and showcase a series of king-size products. Because there are too many professional terms involved, even if you are from science and technology, watching the video will also be a bit overwhelming, so I spent a long time to figure out how to use more simple and easy to understand words to explain to you, and analyze each new technology will bring what good impact for Nvidia in the future? After all, Wall Street institutions love it when companies have a steady stream of new stories, just like Tesla, where the number of stories and the stock price are often directly proportional.
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At NVIDIA GTC 2023, Jen-Hsun Huang, still wearing his signature leather jacket, gave a keynote speech while standing in front of the vertical green wall located at NVIDIA's headquarters. The presentation focused almost entirely on artificial intelligence.
The highlight of the whole GTC conference

1. Launch of ChatGPT's dedicated GPU, H100 NVL with dual GPU NVLink.

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The benefits are simple and straightforward: faster and lower cost.
How faster: A standard server with four pairs of H100 and NVLINK can process 10 times faster than the HGX A100 for GPT-3 processing. According to the website, the H100's combined technical innovations It is possible to increase the speed of large language models by 30 times.
Ontology reduction now: H100 can reduce the cost of processing large language models by an order of magnitude. In a sense, computational cost has become the core issue hindering the development of generative AI today, and OpenAI has burned billions, if not tens of billions of dollars for this reason, and Microsoft has never opened the new Bing to the wider public for cost reasons, even limiting the number of conversations users can have per day.
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NVIDIA is launching a more efficient arithmetic solution at this time, which is undoubtedly a big problem for the industry to solve.
In fact, Huang has repeatedly said he has seen the development potential of the AI industry 10 years ago, as well as the decisive role of GPU for AI. Nvidia is precisely optimistic about this, only to throw its weight behind the development of GPU products more suitable for AI.
OpenAI launched GPT-1 in 2018 with just under 120 million parameters, while GPT-3, the last one to announce its number of parameters, has 175 billion, and while some experts believe that ChatGPT and GPT-4 have potentially smaller numbers of parameters, most voices in the industry believe that more powerful models assume this larger parameter size and consume more computing power.
OpenAI has published information that thousands of NVIDIA V100 GPUs were used to train the previous generation of GPT-3, and research firm TrendForce reported that GPT-3 used around 20,000 NVIDIA A100 GPUs for training, and that the number of GPUs needed for commercialization of ChatGPT will be over 30,000. will reach over 30,000 GPUs when ChatGPT is commercialized.
Such a large number of parametric operations means that ChatGPT needs powerful arithmetic to support its training and deployment, and the arithmetic depends on the underlying chips. Chips, especially GPUs, CPUs, FPGAs, and custom high-performance chips, are the "core underlying power" behind ChatGPT and other potential AI chatbots.
DGX Cloud: Bringing AI to Every Enterprise
As an early practitioner of the computing industry Huang Renxun witnessed the development of this industry for 40 years, his technology is getting closer and closer to everyone, but we also see the higher the threshold of computer programming, forming an invisible technical gap, so that most ordinary people are getting farther and farther away from programming, but also let many traditional industries do not really use digital technology to enjoy the benefits of arithmetic progress.
This time, Nvidia whole a big job is to "ChatGPT same model" moved to the cloud, open to the public. The DGX Cloud is an AI supercomputing cloud service, and you know how invincible it is just by hearing the word "super". It is characterized by the ease of handling high-load computing work, in addition to Nvidia also sells services to expand the scale and influence of Nvidia. But the price is not beautiful, enterprise customers can rent $36,999 per month.
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DGX Cloud provides support from NVIDIA experts throughout the AI development process. Customers can work directly with NVIDIA engineers, tune their models to the best possible state, and quickly solve development challenges in a variety of industry use cases.
In 2016, Huang hand-delivered the first DGX supercomputer to OpenAI, and seven years later, the DGX Cloud gives top-notch AI computing power to every company to accomplish tasks that were previously impossible. It is easy to imagine that advanced applications like ChatGPT, which can improve human communication and increase work efficiency, will continue to emerge, bringing more convenience and surprises to our lives.
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ChatGPT I myself think, from the bottom of my heart, is a really, really great thing, and the amazing thing is that everyone has a different reason to use it, and everyone finds it very INTERESTING, and that's its charm. Summarize articles, write code, tax returns, write poetry, but also from a chart to see the laughing point, so powerful that you fine drop jaw, although it can not do some things today, but the future are possible to achieve! ChatGPT appeared for the artificial intelligence industry is equivalent to the iPhone in the field of cell phones, which I think the old Huang said a good point!
Everyone can take the idea of mobile computing and bring it together into one product, and we see a product that everyone likes, whether you are a farmer, a doctor, a nurse, a front-line worker, an assistant, a travel agent, or a small business, a restaurant owner, it doesn't matter, everyone is a programmer, isn't it?
And it's ChatGPT's terrific that's bound to make Nvidia terrific later!
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So how good is Nvidia now?
First, the most intuitive market value to give you a comparison: at present, Nvidia market value of $ 653.8 billion, has been nearly six times the market value of Intel, and than Tesla market value is almost $ 50 billion.
Nvidia in the AI data center GPU field almost no competition, controlling 90% of the market, competition in the AI acceleration chip market with a partial monopoly position, all the core chips of artificial intelligence, can not be separated from Nvidia. Nvidia's chip is indeed cattle, ChatGPT in the entire planet can not find a replacement chip, from the egg theory, without Nvidia's chip and large model training, there will be no ChatGPT.
Nvidia's AI supercomputer DGX is the engine behind the big model of language, DGX has become a necessary tool in the field of AI, so the development and prospects of artificial intelligence are dependent on what Nvidia can upgrade its own chip to.
In addition, NVIDIA also released a breakthrough computational lithography technology manufactured with 2nm chips - NVIDIA cuLitho computational lithography library. Computational lithography is the largest computational workload in chip design and manufacturing, consuming tens of billions of CPU hours per year. cuLitho can increase the speed of computational lithography up to 40 times faster.
Previously, it took chip makers two weeks to process a single mask board, while running cuLitho on a GPU took only eight hours. Currently, the world's largest fab TSMC, the world's largest lithographer manufacturer Asmac (ASML), the world's largest EDA company Synopsys (SNPS) will use this new technology.
ny one of the above pulled out, can achieve a unicorn enterprise, and so many awesome technology collection together, it is not just a unicorn, but a technology carrier, it is no wonder that Nvidia can grow so fast. It can be said that Nvidia constructs the infrastructure of artificial intelligence, it is an artificial intelligence infrastructure builder, but also a pioneer in research and development.
NVIDIA released a set of hardware and software facilities that allow customers to use AI applications faster and easier, standing behind more startups to provide services.
Especially ChatGPT Business emerged to accelerate the commercialization of AI on the ground, NVIDIA is facing an immense cake, on the other hand, AI will also bring disruption to the current industry.
It is reported that Adobe is working with NVIDIA to build a whole set of next-generation Al for future creative work; Shutterstock is also working with NVIDIA to train a generative text-to-3D conversion base model to simplify the creation of detailed 3D assets.
Jen-Hsun Huang through this launch is to tell everyone that generative AI brings this wave, everyone must participate or be eliminated. What's even crueler is that you can only participate through our products, because in the GPU space, I have no rivals!
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Nvidia is so expensive, why is the market still bullish?
There is no doubt that Nvidia is one of the most expensive technology stocks on the planet, with a P/E ratio of 139x under GAAP and a book value of 27x. We combed through the data and found that within the past year, Nvidia's revenue growth rate was 0.22% and earnings growth rate was -54%, and revenue has declined in the last two quarters and is expected to decline year-over-year in the first quarter of this year - which doesn't match its stock price surge trend, ah.
The price-to-sales ratio looks to have come to 23.9
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And AMD only 6.51
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With the huge wave of AI, NVIDIA's dominant position leads to high valuation. It is worth noting that with the transformation of Nvidia, their business focus is no longer the game graphics business, but the data center, AI, high-performance computing and software business, while data center revenue growth rate is also much higher than the game business, and will continue to maintain this trend development in the future, so the world's demand for AI and computing power in the future will again drive the growth of Nvidia's performance.
NVIDIA's market position in the data center is rock solid. Whether rival AMD, or is entering into layoffs and pay cuts, the executive exodus storm Intel, can not compete more quickly 90% of the share in the hands of Nvidia, with its direct chip competition.
Therefore, Wall Street generally believes that Nvidia is somewhat similar to the Dutch lithography giant ASML: a partial monopoly, no competition at the high end of the market - one of the key factors for all investors bullish on Nvidia stock.
Investment firm Baird believes "meaningful" orders are coming in for ChatGPT, and helped NVIDIA raise its data center revenue estimates for the second half of the year.
We believe that although there is a lot of capital speculation in this recent AI boom, there is no doubt that the emergence of ChatGPT does allow ordinary consumers to see AI start to truly integrate into our lives, which will also accelerate future enterprise investment in AI, only in the next year or two during the period of high economic uncertainty, enterprises may not have a large capital expenditure for the time being. But for the long term, the investment in AI infrastructure and equipment will certainly be one of the biggest catalysts for Nvidia's future.