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B2B Firm Standing Out with Warehousing, Speedy Delivery

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Toyin and her immediate family live within the suburbs of a big city where she runs a retail store. She finds it hectic any day she has to restock as she leaves home early in the morning for the market so as to make it back before noon.

But, as much as she tries, she ends up spending so much time on the road, losing out on sales as she locks up her store for her visit to the market. She also pays largely for her goods to be transported to her store. Twice, she faced attempts on her life while on her  way to and from the market.

Her story changed when she got introduced to an e-commerce business-to-business platform that takes her orders and supplies the same within a space of four hours.

Toyin’s experience is not alien to the retail business in Nigeria. However, Alerzo and other tech e-commerce firms have emerged and positioned themselves to tackle these challenges through technology, thereby bringing solutions that are adding value to retailers who now go about their businesses with ease and making more profits.

These tech-driven B2B e-commerce platforms, provide warehousing and fulfilment solutions to suppliers while also taking care of the deliveries of ordered goods.

At zero cost, Alerzo delivers to retailers within a maximum of four hours.  Since its inception in 2019, Alerzo has been providing free delivery services to retailers.

Alerzo, a top B2B e-commerce platform in Nigeria has for almost three years taken the lead in maximising technology to empower retailers so that they are equipped to run profitable and sustainable businesses.

More than 200 vehicles and 20 warehouses are owned by the firm  through which it serves thousands of retailers on its platform.

“Alerzo has deployed technology in addressing the challenges of the retailers who are on our platform. With our free delivery services, retailers save time, energy, and resources that they would have otherwise expended in restocking. We also developed our software. We do deliveries within four hours of order because we own our entire fleet,” stated Alerzo Group CEO, Adewale Opaleye.

Speaking more on the value Alerzo is creating, Opaleye added: “No one has built efficiency the way we want it so we do delivery in four hours versus other players that do it the next day. That is a very key factor for us and as we scale up the business, we are looking for partners hoping to key into our vision to actually offer quick and same day delivery to all our retail partners.”

An impressed retailer who shared how her grocery store has been operating differently since she came in contact with Alerzo, said: “Some of the things I have observed about Alerzo since I have been patronizing them include fast delivery, same day delivery, keeping to time and they offer me convenience.

“Once I place an order using the Alerzo shop app, the products are delivered to my shop, so I never have to go to the market again to hunt for items or pay for transportation. I am grateful to Alerzo for making running business much easier for me.”

 


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E-Business

Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands

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Eric Schmidt, former Google CEO
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Eric Schmidt, former Google CEO has expressed concerns about the extreme risks posed by artificial intelligence (AI) falling into the hands of terrorists or rogue states.

Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands

Eric Schmidt, former Google CEO

He warned that nations such as North Korea, Iran, and Russia could adopt AI technologies to develop weapons capable of causing significant harm, including biological weapons.

Schmidt urged governments to oversee private tech companies, emphasising, “The real fears I have are not the ones most people discuss about AI, I talk about extreme risk.”

“I’m always worried about an ‘Osama Bin Laden’ scenario, where truly evil individuals take control of some aspect of modern life to harm innocent people,” he added.

With private companies driving AI advancements, he stressed the need for careful government monitoring and regulation. “It’s really important that governments understand what we’re doing and keep their eye on us,” he said.

His remarks followed a two-day AI summit in Paris, where the UK and the U.S. declined to sign a communiqué outlining the future direction of AI. The declaration on “inclusive and sustainable artificial intelligence for people and the planet” was endorsed by 57 countries, including India, China, the Vatican, the EU, and the African Union Commission.

The UK justified its decision, stating that the agreement lacked “practical clarity” on global AI governance and national security concerns.

Schmidt supports U.S. export controls restricting the sale of advanced AI microchips to certain countries, aiming to slow adversaries’ progress in AI research.

He also highlights the importance of international collaboration on AI safety, suggesting that cooperation with nations like China is essential to addressing global AI challenges.

 

 


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OpenAI CEO Rejects $97.4Bn Takeover Bid from Elon Musk

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Sam Altman, chief executive of ChatGPT-owner OpenAI
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Sam Altman, chief executive of ChatGPT-owner OpenAI, has firmly declared the company “not for sale” following a $97.4bn (£78.4bn) takeover bid from a consortium led by Elon Musk.

OpenAI CEO Rejects $97.4Bn Takeover Bid from Elon Musk

Elon Musk

Speaking at the AI Action Summit in Paris, Altman emphasised OpenAI’s mission to develop AGI (artificial general intelligence) for the benefit of humanity.

Marc Toberoff, attorney for Elon Musk, confirmed the bid submission on Monday.

In response, Altman humorously offered to buy Twitter for $9.74 billion on Musk’s platform.

Unlike many tech giants, OpenAI is not publicly traded but operates through a complex partnership between non-profit and for-profit entities.

Musk aims to return OpenAI to its non-profit roots, despite owning a rival firm, xAI.

Christie Pitts, a tech investor, expressed scepticism about Musk’s intentions, noting his competitive interests.

Altman echoed this sentiment, suggesting Musk’s move disregards OpenAI’s mission.

Altman, who holds no stock in OpenAI, advocates transforming the organisation into a fully for-profit company to raise more funds for AI research.

Although the board has the final say, the $97.4bn offer falls short of OpenAI’s previous $157bn valuation and rumoured $300bn in future funding talks.

Toberoff stated the consortium might increase their bid. Meanwhile, OpenAI is collaborating with Oracle, a Japanese investment firm, and an Emirati sovereign wealth fund on “The Stargate Project,” a $500 billion AI infrastructure initiative announced by President Donald Trump.

 

 

 

 


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Adobe Launches AI Video Tool to Compete with OpenAI

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Adobe yesterday released the first public version of an artificial intelligence tool that can generate video clips and revealed how much it will charge, but said it will not set pricing for major users such as studios until later this year.

The Firefly Video Model, as Adobe is calling the service, will compete against Sora, a model developed by ChatGPT creator OpenAI, and startup Runway, both of which currently offer video-generation services. Facebook owner Meta Platforms has also developed a video-generation AI model but has not given a timeline for when it will be released.

Adobe’s model differs from its rivals because it is geared toward generating clips that will fit into how film and television studios use Premiere Pro, its flagship video editing software.

To that end, many of the features that Adobe is emphasizing revolve around feeding existing shots into the video model and asking it to generate clips that fix or expand on shots that were taken on a real production set but that did not come out quite right.

Adobe said the service will generate five-second clips at 1080p resolution. While that is shorter than the clips of up to 20 seconds generated by OpenAI’s service, Adobe executives said the majority of individual clips in most productions are only three seconds.

Adobe said a user can generate 20 clips per month for $9.99 and 70 clips for $29.99. That compares with 50 videos for $20 per month with OpenAI’s plan at lower resolution and a $200 OpenAI plan that can handle longer, higher resolution videos.

Adobe is also working on a “Premium” pricing plan for studios and other high-volume video users and will release those pricing details later this year. Alexandru Costin, Adobe’s vice president of generative AI, said the company is working to generate 4K video and will remain focused on quality rather than longer clips.

“We actually think that great motion, great structure, great definition scheme, making the actual clip look like it was film, is more important than making a longer clip that’s unusable,” Costin told Reuters.

 


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