Acquiring new customers vs retaining old customers

KooRoo’s battery swapping station [LG ENERGY SOLUTION] LG Energy Solution is pushing ahead with its new businesses and focusing on future growth with in-house ventures KooRoo and AVEL, the battery manufacturing unit of LG Group said. KooRoo, established last year, is seeking to commercialize its battery swapping stations (BSS), which increase the convenience for users of electric motorbikes by allowing them to swap out a used battery for a fully-charged one rather than having to spend time charging the original battery. The service addresses a lot of the issues raised by electric vehicle users, including the long charge time, relatively short distance that can be traveled and high maintenance costs. “If the electric motorbike battery ecosystem grows, it will help delivery services, be eco-friendly, quiet and safe," said Ahn Hong-duk, head of KooRoo. “We are set to initiate developing exclusive BSS battery packs and stations and plan to build up the electric motorcycle … [Read more...] about New ventures drive growth for LG Energy Solution

The world watched in shock as Credit Suisse, one of the most established global banking and financial services institutions, collapsed and was eventually acquired by UBS. I believe a significant factor in Credit Suisse’s downfall was its rigid stance on forcing staff to return to the office. This cautionary tale serves as a reminder for business leaders to adapt to the changing world of work and prioritize their workforce’s needs and preferences. The Iron Fist: Credit Suisse’s return to office policy In stark contrast to the growing trend of many companies embracing a flexible hybrid work approach, Credit Suisse took a more traditional approach, mandating that staff return to the office three days a week. According to one banker there, “they’re removing our flexibility, and it doesn’t feel great.” In May 2022, the bank’s leadership originally supported flexibility and hybrid work as evidenced by then-CEO Thomas Gottstein professing that a return to office was “not … [Read more...] about POV: How work arrangements played a part in the collapse of Credit Suisse and SVB

Share to Twitter Share to Linkedin CTO & Head of AI - Responsible for driving ethical, explainable & pragmatic AI for global customers @ Provenio AI . The Spice The power of reinforcement learning is phenomenal. It has special importance in the AI ecosystem and is unapologetically ubiquitous in nature. Reinforcement learning, simply put, is the main "spice" in tools like ChatGPT. Undoubtedly, ChatGPT has been intelligently crafted with a series of reinforcement-learning algorithms, plus more ingredients, and is no doubt taking the world by storm. People are relating to the technology by focusing on the use cases and gamifying it—the free use and access also help capture the public's imagination. But I did not like the rap song it wrote me. I'll carry that opinion to the grave. "Show The thumb And Get Your Hand Eaten" The concept of feedback economics has existed for a while. Unknowingly, we always provide feedback to systems … [Read more...] about The “Hullabaloo” Of ChatGPT

A U.S. ban on the world’s most popular social media app would affect far more American businesses and people than just the 150 million using the platform here. C asey Evertsen drove down a suburban Utah street lined with trash bins, speaking into his phone’s camera as he gave a tour of the brightly-colored truck he uses for his garbage can-cleaning business. “If you like seeing dirty stuff get cleaned and watching how cool stuff works, follow along,” he said in the video shared on TikTok. “Let’s clean some bins!” Evertsen’s service, Bin Blasters , had for a whole year struggled to get traction through Facebook and Instagram. So taking a cue from his teenage daughter, he decided to try promoting it on TikTok instead. On his eighth video, just one month in, Evertsen “blew up.” "I went out and just started cleaning bins that day, started on our route, and I look at my phone like an hour later, and there's 17,000 views,” he recalled. “Then it just got in the millions.” … [Read more...] about How A TikTok Ban Would Deal A Blow To Creators, Businesses And The American Economy

PHOTO: Suit Tailor via iStock Tired of wearing ill-fitting suits that just don’t cut it? It’s time to upgrade your style game and go for a bespoke suit instead. Not only will it fit you like a dream, but it’ll also elevate your look to a whole new level. But wait, before you go running to your nearest tailor, it’s important to find one who’s skilled and experienced in the art of tailoring. That’s where we come in – we’ve scoured the streets of Bangkok to find the best bespoke suit tailors in the city, so you don’t have to. Vvon Sugunnasil Opening Hours: Monday – Saturday, 10:00 – 18:00. Address: 14/2 Soi Somkid, Phloen Chit Rd, Lumphini, Pathum Wan, Bangkok 10330. For those seeking the expertise of a distinguished bespoke tailor, Vvon Sugunnasil is an exceptional choice. Though not technically trained in tailoring, Vvon’s outstanding design skills, coupled with his intuitive understanding of fabrics and garment construction, have earned him a reputation as one of … [Read more...] about Dress to impress with the 5 top suit tailors in Bangkok