• *The US White House will host its first-ever Crypto Summit on March 7.*

    https://www.cryptopolitan.com/white-house-crypto-summit-next/?utm_source=CPTelegram

    The event will feature CEOs, investors, and members of the Presidential working group on Digital Assets.

    Participants include Crypto Czar, David Sacks and Bo Hines.

    The White House highlighted plans to introduce a clear regulatory framework for the crypto industry *while supporting innovation and promoting economic LIBERTY.* The Summit aligned with Trump’s Executive Order 14178, signed in his first week in office, which outlined his administration’s commitment to the “responsible growth and use of digital assets…across all sectors of the economy.” The order also directed federal agencies to prioritize policies encouraging crypto adoption while addressing fraud and money laundering risks.
    *🇺🇸The US White House will host its first-ever Crypto Summit on March 7.* https://www.cryptopolitan.com/white-house-crypto-summit-next/?utm_source=CPTelegram The event will feature CEOs, investors, and members of the Presidential working group on Digital Assets. Participants include Crypto Czar, David Sacks and Bo Hines. The White House highlighted plans to introduce a clear regulatory framework for the crypto industry *while supporting innovation and promoting economic LIBERTY.* The Summit aligned with Trump’s Executive Order 14178, signed in his first week in office, which outlined his administration’s commitment to the “responsible growth and use of digital assets…across all sectors of the economy.” The order also directed federal agencies to prioritize policies encouraging crypto adoption while addressing fraud and money laundering risks.
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  • *US Senate Banking Committee Hearing on the Framework of Digital Assets: A Comprehensive Overview*

    Published: February 27, 2025
    https://medium.com/roymavila/the-senate-banking-committee-hearing-on-the-framework-of-digital-assets-a-comprehensive-overview-a226cc22d1d3

    *LIVE VIDEO:* https://youtu.be/C7iZ2lgoKCY?si=pQ9cb01dOTBv-Wuo

    *STABLECOIN REGULATION:* Stablecoins were identified as a *key area for IMMEDIATE LEGISLATIVE ACTION.* Their potential was widely recognized to enhance financial inclusion, streamline payments, and strengthen the U.S. dollar’s status as the world’s reserve currency. However, concerns about AML compliance, privacy, and systemic risks must be addressed.

    *Market Structure and Jurisdictional Clarity:* The hearing highlighted the need for clear rules determining whether digital assets are securities or commodities. This clarity is essential for providing a predictable regulatory environment and ensuring market participants can operate confidently.

    Zim Masari, Chief Legal Officer at Lightspark: Masari focused on the potential of stablecoins to revolutionize payments by enabling instant, low-cost transactions. She stressed the importance of robust reserve requirements, redemption guarantees, and a competitive landscape for stablecoin issuers.

    Masari also highlighted the need for strong anti-money laundering (AML) and privacy protections to address risks associated with digital assets.

    Tim Massad, Former Chair of the CFTC: Massad provided a critical perspective on the Genius Act, arguing that it falls short in several areas, including reserve requirements, bankruptcy protections, and enforcement mechanisms. He called for stronger credential standards for stablecoin issuers and a dedicated resolution process to ensure consumers can quickly recover their funds in the event of an issuer’s failure. Massad also cautioned against rushing to rewrite securities laws, advocating for a phased approach to market structure legislation.

    *Key Themes and Takeaways*
    Consumer Protection: Witnesses and lawmakers AGREED that consumer protection must be at the heart of any regulatory framework. This includes ensuring transparency, safeguarding against fraud, and providing recourse for consumers during losses.

    *International Competitiveness:*
    The lack of regulatory clarity in the U.S. has driven innovation and investment offshore, with jurisdictions like the EU and UK taking the lead in establishing comprehensive frameworks. Witnesses urged Congress to act swiftly to reclaim the U.S.’s position as a global leader in digital assets.
    *🇺🇸US Senate Banking Committee Hearing on the Framework of Digital Assets: A Comprehensive Overview* Published: February 27, 2025 https://medium.com/roymavila/the-senate-banking-committee-hearing-on-the-framework-of-digital-assets-a-comprehensive-overview-a226cc22d1d3 *LIVE VIDEO:* https://youtu.be/C7iZ2lgoKCY?si=pQ9cb01dOTBv-Wuo *STABLECOIN REGULATION:* Stablecoins were identified as a *key area for IMMEDIATE LEGISLATIVE ACTION.* Their potential was widely recognized to enhance financial inclusion, streamline payments, and strengthen the U.S. dollar’s status as the world’s reserve currency. However, concerns about AML compliance, privacy, and systemic risks must be addressed. *Market Structure and Jurisdictional Clarity:* The hearing highlighted the need for clear rules determining whether digital assets are securities or commodities. This clarity is essential for providing a predictable regulatory environment and ensuring market participants can operate confidently. Zim Masari, Chief Legal Officer at Lightspark: Masari focused on the potential of stablecoins to revolutionize payments by enabling instant, low-cost transactions. She stressed the importance of robust reserve requirements, redemption guarantees, and a competitive landscape for stablecoin issuers. Masari also highlighted the need for strong anti-money laundering (AML) and privacy protections to address risks associated with digital assets. Tim Massad, Former Chair of the CFTC: Massad provided a critical perspective on the Genius Act, arguing that it falls short in several areas, including reserve requirements, bankruptcy protections, and enforcement mechanisms. He called for stronger credential standards for stablecoin issuers and a dedicated resolution process to ensure consumers can quickly recover their funds in the event of an issuer’s failure. Massad also cautioned against rushing to rewrite securities laws, advocating for a phased approach to market structure legislation. *Key Themes and Takeaways* Consumer Protection: Witnesses and lawmakers AGREED that consumer protection must be at the heart of any regulatory framework. This includes ensuring transparency, safeguarding against fraud, and providing recourse for consumers during losses. *International Competitiveness:* The lack of regulatory clarity in the U.S. has driven innovation and investment offshore, with jurisdictions like the EU and UK taking the lead in establishing comprehensive frameworks. Witnesses urged Congress to act swiftly to reclaim the U.S.’s position as a global leader in digital assets.
    0 Commentarios 1 Acciones 133 Views 0 Vista previa


  • Ten Unknown Facts About #MercedesBenz

    1. Founding and History: Mercedes-Benz traces its origins to Karl Benz, who created the first gasoline-powered car, the Benz Patent-Motorwagen, in 1886. The brand, however, officially formed in 1926 after the merger of Karl Benz's and Gottlieb Daimler's companies.

    2. Star Logo: The three-pointed star in the Mercedes-Benz logo represents the brand's dominance on land, sea, and air. It symbolizes the company's ambition to create motorized vehicles for all terrains.

    3. Pioneering Safety: Mercedes-Benz has a long history of innovation in automotive safety. They were the first to introduce crumple zones in cars, an innovation that greatly enhanced passenger protection during collisions.

    4. First Diesel Passenger Car: In 1936, Mercedes-Benz introduced the 260D, the world’s first diesel-powered passenger car, which set a new standard for fuel efficiency and reliability.

    5. Luxury and Craftsmanship: Mercedes-Benz is synonymous with luxury, known for its meticulous craftsmanship, attention to detail, and use of high-quality materials. The brand’s S-Class models are often considered benchmarks for luxury in the automotive industry.

    6. F1 Dominance: Mercedes-Benz has a dominant presence in Formula 1, with their racing team winning multiple Constructors' and Drivers' Championships. The brand’s engines have powered many successful F1 cars, contributing to its motorsport legacy.

    7. Innovation in Autonomous Driving: Mercedes-Benz has been at the forefront of developing autonomous driving technology. Their vehicles have introduced features like adaptive cruise control, lane-keeping assist, and semi-autonomous driving modes.

    8. Global Manufacturing Network: Mercedes-Benz operates over 30 production facilities worldwide, ensuring a global presence. The brand's largest plant, located in Sindelfingen, Germany, produces luxury sedans like the S-Class.

    9. Environmental Commitment: Mercedes-Benz is committed to sustainability, investing heavily in electric vehicle technology. The EQ range, including models like the EQS and EQC, represents the brand's future vision of zero-emission luxury mobility.

    10. Cultural Significance: Mercedes-Benz cars have featured prominently in pop culture, symbolizing success and status. From music videos to films, the brand’s vehicles are often seen as icons of luxury and power, with the Mercedes-Benz G-Class (G-Wagon) becoming particularly popular among celebrities and influencers.

    #jenniferlopez
    #alexandradaddario #AngelinaJolie #MeganFox #margotrobbie
    #chrisevans #ChristianBale #AnneHathway #BrieLarson
    #ScarlettJohansson #elizabetholsen
    Ten Unknown Facts About #MercedesBenz 1. Founding and History: Mercedes-Benz traces its origins to Karl Benz, who created the first gasoline-powered car, the Benz Patent-Motorwagen, in 1886. The brand, however, officially formed in 1926 after the merger of Karl Benz's and Gottlieb Daimler's companies. 2. Star Logo: The three-pointed star in the Mercedes-Benz logo represents the brand's dominance on land, sea, and air. It symbolizes the company's ambition to create motorized vehicles for all terrains. 3. Pioneering Safety: Mercedes-Benz has a long history of innovation in automotive safety. They were the first to introduce crumple zones in cars, an innovation that greatly enhanced passenger protection during collisions. 4. First Diesel Passenger Car: In 1936, Mercedes-Benz introduced the 260D, the world’s first diesel-powered passenger car, which set a new standard for fuel efficiency and reliability. 5. Luxury and Craftsmanship: Mercedes-Benz is synonymous with luxury, known for its meticulous craftsmanship, attention to detail, and use of high-quality materials. The brand’s S-Class models are often considered benchmarks for luxury in the automotive industry. 6. F1 Dominance: Mercedes-Benz has a dominant presence in Formula 1, with their racing team winning multiple Constructors' and Drivers' Championships. The brand’s engines have powered many successful F1 cars, contributing to its motorsport legacy. 7. Innovation in Autonomous Driving: Mercedes-Benz has been at the forefront of developing autonomous driving technology. Their vehicles have introduced features like adaptive cruise control, lane-keeping assist, and semi-autonomous driving modes. 8. Global Manufacturing Network: Mercedes-Benz operates over 30 production facilities worldwide, ensuring a global presence. The brand's largest plant, located in Sindelfingen, Germany, produces luxury sedans like the S-Class. 9. Environmental Commitment: Mercedes-Benz is committed to sustainability, investing heavily in electric vehicle technology. The EQ range, including models like the EQS and EQC, represents the brand's future vision of zero-emission luxury mobility. 10. Cultural Significance: Mercedes-Benz cars have featured prominently in pop culture, symbolizing success and status. From music videos to films, the brand’s vehicles are often seen as icons of luxury and power, with the Mercedes-Benz G-Class (G-Wagon) becoming particularly popular among celebrities and influencers. #jenniferlopez #alexandradaddario #AngelinaJolie #MeganFox #margotrobbie #chrisevans #ChristianBale #AnneHathway #BrieLarson #ScarlettJohansson #elizabetholsen
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  • BBC Innovation brings you the latest in Technology news and coverage from around the world, including health, environment, AI, and more.
    BBC Innovation brings you the latest in Technology news and coverage from around the world, including health, environment, AI, and more.
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  • BENEFITS OF CYBERSECURITY TO THE HUMAN RACE

    Cybersecurity plays a crucial role in protecting individuals, businesses, and entire nations from cyber threats. Here are some key benefits of cybersecurity to the human race:

    1. PROTECTION OF PERSONAL DATA
    Cybersecurity safeguards sensitive personal information, such as banking details, social security numbers, and medical records, preventing identity theft and fraud.

    2. PREVENTION OF CYBER CRIMES
    With strong cybersecurity measures, individuals and organizations are protected from cyberattacks like hacking, phishing, and ransomware, reducing financial and data losses.

    3. SAFEGUARDING CRITICAL INFRASTRUCTURE
    Cybersecurity ensures the safety of essential services such as power grids, hospitals, financial institutions, and communication networks from cyber threats that could disrupt society.

    4. ENHANCING PRIVACY AND FREEDOM
    It helps individuals maintain their privacy by preventing unauthorized access to personal conversations, online activities, and confidential information.

    5. ECONOMIC STABILITY
    Cybersecurity supports economic growth by protecting businesses from financial losses due to cyberattacks, ensuring customer trust, and preventing corporate espionage.

    6. ENSURING NATIONAL SECURITY
    Governments use cybersecurity to defend against cyber warfare, espionage, and terrorist attacks that could compromise a country’s security and stability.

    7. SECURE ONLINE TRANSACTIONS
    It enables safe e-commerce, online banking, and digital payments by protecting transactions from fraudsters and hackers.

    8. PROTECTION AGAINST MISINFORMATION
    Cybersecurity helps combat fake news, misinformation, and propaganda that could influence public opinion and destabilize societies.

    9. SAFER DIGITAL EXPERIENCE FOR CHILDREN
    Cybersecurity measures protect children from online predators, cyberbullying, and harmful content, ensuring a safer digital space for young users.

    10. ADVANCEMENT IN TECHNOLOGY AND INNOVATION
    By securing digital assets and intellectual property, cybersecurity fosters technological advancements and encourages businesses and individuals to innovate without fear of cyber threats.

    In an increasingly digital world, cybersecurity is essential for maintaining trust, safety, and progress for the human race.
    Read more
    BENEFITS OF CYBERSECURITY TO THE HUMAN RACE Cybersecurity plays a crucial role in protecting individuals, businesses, and entire nations from cyber threats. Here are some key benefits of cybersecurity to the human race: 1. PROTECTION OF PERSONAL DATA Cybersecurity safeguards sensitive personal information, such as banking details, social security numbers, and medical records, preventing identity theft and fraud. 2. PREVENTION OF CYBER CRIMES With strong cybersecurity measures, individuals and organizations are protected from cyberattacks like hacking, phishing, and ransomware, reducing financial and data losses. 3. SAFEGUARDING CRITICAL INFRASTRUCTURE Cybersecurity ensures the safety of essential services such as power grids, hospitals, financial institutions, and communication networks from cyber threats that could disrupt society. 4. ENHANCING PRIVACY AND FREEDOM It helps individuals maintain their privacy by preventing unauthorized access to personal conversations, online activities, and confidential information. 5. ECONOMIC STABILITY Cybersecurity supports economic growth by protecting businesses from financial losses due to cyberattacks, ensuring customer trust, and preventing corporate espionage. 6. ENSURING NATIONAL SECURITY Governments use cybersecurity to defend against cyber warfare, espionage, and terrorist attacks that could compromise a country’s security and stability. 7. SECURE ONLINE TRANSACTIONS It enables safe e-commerce, online banking, and digital payments by protecting transactions from fraudsters and hackers. 8. PROTECTION AGAINST MISINFORMATION Cybersecurity helps combat fake news, misinformation, and propaganda that could influence public opinion and destabilize societies. 9. SAFER DIGITAL EXPERIENCE FOR CHILDREN Cybersecurity measures protect children from online predators, cyberbullying, and harmful content, ensuring a safer digital space for young users. 10. ADVANCEMENT IN TECHNOLOGY AND INNOVATION By securing digital assets and intellectual property, cybersecurity fosters technological advancements and encourages businesses and individuals to innovate without fear of cyber threats. In an increasingly digital world, cybersecurity is essential for maintaining trust, safety, and progress for the human race. Read more
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  • BENEFITS OF CYBERSECURITY TO THE HUMAN RACE

    Cybersecurity plays a crucial role in protecting individuals, businesses, and entire nations from cyber threats. Here are some key benefits of cybersecurity to the human race:

    1. PROTECTION OF PERSONAL DATA
    Cybersecurity safeguards sensitive personal information, such as banking details, social security numbers, and medical records, preventing identity theft and fraud.

    2. PREVENTION OF CYBER CRIMES
    With strong cybersecurity measures, individuals and organizations are protected from cyberattacks like hacking, phishing, and ransomware, reducing financial and data losses.

    3. SAFEGUARDING CRITICAL INFRASTRUCTURE
    Cybersecurity ensures the safety of essential services such as power grids, hospitals, financial institutions, and communication networks from cyber threats that could disrupt society.

    4. ENHANCING PRIVACY AND FREEDOM
    It helps individuals maintain their privacy by preventing unauthorized access to personal conversations, online activities, and confidential information.

    5. ECONOMIC STABILITY
    Cybersecurity supports economic growth by protecting businesses from financial losses due to cyberattacks, ensuring customer trust, and preventing corporate espionage.

    6. ENSURING NATIONAL SECURITY
    Governments use cybersecurity to defend against cyber warfare, espionage, and terrorist attacks that could compromise a country’s security and stability.

    7. SECURE ONLINE TRANSACTIONS
    It enables safe e-commerce, online banking, and digital payments by protecting transactions from fraudsters and hackers.

    8. PROTECTION AGAINST MISINFORMATION
    Cybersecurity helps combat fake news, misinformation, and propaganda that could influence public opinion and destabilize societies.

    9. SAFER DIGITAL EXPERIENCE FOR CHILDREN
    Cybersecurity measures protect children from online predators, cyberbullying, and harmful content, ensuring a safer digital space for young users.

    10. ADVANCEMENT IN TECHNOLOGY AND INNOVATION
    By securing digital assets and intellectual property, cybersecurity fosters technological advancements and encourages businesses and individuals to innovate without fear of cyber threats.

    In an increasingly digital world, cybersecurity is essential for maintaining trust, safety, and progress for the human race.
    BENEFITS OF CYBERSECURITY TO THE HUMAN RACE Cybersecurity plays a crucial role in protecting individuals, businesses, and entire nations from cyber threats. Here are some key benefits of cybersecurity to the human race: 1. PROTECTION OF PERSONAL DATA Cybersecurity safeguards sensitive personal information, such as banking details, social security numbers, and medical records, preventing identity theft and fraud. 2. PREVENTION OF CYBER CRIMES With strong cybersecurity measures, individuals and organizations are protected from cyberattacks like hacking, phishing, and ransomware, reducing financial and data losses. 3. SAFEGUARDING CRITICAL INFRASTRUCTURE Cybersecurity ensures the safety of essential services such as power grids, hospitals, financial institutions, and communication networks from cyber threats that could disrupt society. 4. ENHANCING PRIVACY AND FREEDOM It helps individuals maintain their privacy by preventing unauthorized access to personal conversations, online activities, and confidential information. 5. ECONOMIC STABILITY Cybersecurity supports economic growth by protecting businesses from financial losses due to cyberattacks, ensuring customer trust, and preventing corporate espionage. 6. ENSURING NATIONAL SECURITY Governments use cybersecurity to defend against cyber warfare, espionage, and terrorist attacks that could compromise a country’s security and stability. 7. SECURE ONLINE TRANSACTIONS It enables safe e-commerce, online banking, and digital payments by protecting transactions from fraudsters and hackers. 8. PROTECTION AGAINST MISINFORMATION Cybersecurity helps combat fake news, misinformation, and propaganda that could influence public opinion and destabilize societies. 9. SAFER DIGITAL EXPERIENCE FOR CHILDREN Cybersecurity measures protect children from online predators, cyberbullying, and harmful content, ensuring a safer digital space for young users. 10. ADVANCEMENT IN TECHNOLOGY AND INNOVATION By securing digital assets and intellectual property, cybersecurity fosters technological advancements and encourages businesses and individuals to innovate without fear of cyber threats. In an increasingly digital world, cybersecurity is essential for maintaining trust, safety, and progress for the human race.
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  • The history of machine learning (ML) dates back to the mid-20th century when the concept of computers mimicking human learning was first explored. Here’s a brief timeline of key milestones in ML development:

    1940s - 1950s: Foundations of Artificial Intelligence (AI) and ML

    1943: Warren McCulloch and Walter Pitts proposed the first mathematical model of an artificial neuron, laying the foundation for neural networks.

    1950: Alan Turing introduced the Turing Test in his paper Computing Machinery and Intelligence, proposing a criterion for machine intelligence.

    1951: Marvin Minsky and Dean Edmonds built the first artificial neural network-based computer, the SNARC.

    1952: Arthur Samuel developed the first ML program—a self-learning checkers game.

    1957 - 1970s: Early ML Algorithms

    1957: Frank Rosenblatt developed the Perceptron, the first model for learning based on a simple neural network.

    1967: The nearest neighbor algorithm was introduced, an early method for pattern recognition.

    1970s: The AI and ML field faced setbacks due to limited computing power and the AI Winter, a period of reduced funding and interest.

    1980s - 1990s: ML Resurgence

    1980s: Backpropagation was rediscovered, allowing neural networks to be trained more effectively.

    1986: Geoffrey Hinton and others improved deep learning techniques with multi-layer neural networks.

    1990s: ML shifted from knowledge-based AI (rule-based systems) to data-driven approaches, with the rise of support vector machines (SVMs), decision trees, and Bayesian networks.

    2000s - 2010s: The Rise of Big Data and Deep Learning

    2006: Geoffrey Hinton and his team developed deep belief networks (DBNs), revitalizing deep learning.

    2010: IBM’s Watson defeated human champions in Jeopardy!, showcasing ML's capabilities.

    2012: A deep learning model using convolutional neural networks (CNNs) won the ImageNet competition, revolutionizing computer vision.

    2014: Generative adversarial networks (GANs) were introduced by Ian Goodfellow, enabling realistic AI-generated images.

    2020s - Present: AI Domination

    2017: Google's Transformer model architecture led to advancements in natural language processing (NLP), resulting in models like BERT and GPT.

    2020s: ML has become integral to industries like healthcare, finance, and automation. Models like GPT-4 and DALL·E showcase advancements in language and image generation.

    Future of Machine Learning

    ML continues to evolve with innovations in explainable AI, quantum computing, and autonomous systems. The focus is now on making ML models more efficient, interpretable, and ethical.

    Would you like a deep dive into any specific era or technology?
    The history of machine learning (ML) dates back to the mid-20th century when the concept of computers mimicking human learning was first explored. Here’s a brief timeline of key milestones in ML development: 1940s - 1950s: Foundations of Artificial Intelligence (AI) and ML 1943: Warren McCulloch and Walter Pitts proposed the first mathematical model of an artificial neuron, laying the foundation for neural networks. 1950: Alan Turing introduced the Turing Test in his paper Computing Machinery and Intelligence, proposing a criterion for machine intelligence. 1951: Marvin Minsky and Dean Edmonds built the first artificial neural network-based computer, the SNARC. 1952: Arthur Samuel developed the first ML program—a self-learning checkers game. 1957 - 1970s: Early ML Algorithms 1957: Frank Rosenblatt developed the Perceptron, the first model for learning based on a simple neural network. 1967: The nearest neighbor algorithm was introduced, an early method for pattern recognition. 1970s: The AI and ML field faced setbacks due to limited computing power and the AI Winter, a period of reduced funding and interest. 1980s - 1990s: ML Resurgence 1980s: Backpropagation was rediscovered, allowing neural networks to be trained more effectively. 1986: Geoffrey Hinton and others improved deep learning techniques with multi-layer neural networks. 1990s: ML shifted from knowledge-based AI (rule-based systems) to data-driven approaches, with the rise of support vector machines (SVMs), decision trees, and Bayesian networks. 2000s - 2010s: The Rise of Big Data and Deep Learning 2006: Geoffrey Hinton and his team developed deep belief networks (DBNs), revitalizing deep learning. 2010: IBM’s Watson defeated human champions in Jeopardy!, showcasing ML's capabilities. 2012: A deep learning model using convolutional neural networks (CNNs) won the ImageNet competition, revolutionizing computer vision. 2014: Generative adversarial networks (GANs) were introduced by Ian Goodfellow, enabling realistic AI-generated images. 2020s - Present: AI Domination 2017: Google's Transformer model architecture led to advancements in natural language processing (NLP), resulting in models like BERT and GPT. 2020s: ML has become integral to industries like healthcare, finance, and automation. Models like GPT-4 and DALL·E showcase advancements in language and image generation. Future of Machine Learning ML continues to evolve with innovations in explainable AI, quantum computing, and autonomous systems. The focus is now on making ML models more efficient, interpretable, and ethical. Would you like a deep dive into any specific era or technology?
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  • Feeling excited to be part of this great innovation
    Feeling excited to be part of this great innovation
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  • Tinubu meets Google CEO in France, says Nigeria is ready to lead AI innovation (Photos)...
    #Aidee
    #News
    #Politics
    #Technology
    Tinubu meets Google CEO in France, says Nigeria is ready to lead AI innovation (Photos)... #Aidee #News #Politics #Technology
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  • The Future is Now
    Technology is advancing at lightning speed! From AI to blockchain, the world is changing daily. Are you keeping up with the trends?

    #TechFrontier #AITech #Web3Vibes #Innovation #FutureReady
    The Future is Now 🚀 Technology is advancing at lightning speed! From AI to blockchain, the world is changing daily. Are you keeping up with the trends? #TechFrontier #AITech #Web3Vibes #Innovation #FutureReady
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  • Lagos Announces Fines For Red Light, Speed Limit Violations



    The Lagos State Government has unveiled the deployment of additional Intelligent Transportation Systems (ITS) on four strategic routes to enhance effective traffic and road management, ensure safety, and improve commuting across the state.


    The state government also announced plans to enforce traffic rules against red light and speed-limit infractions across the metropolis from now on.


    I present news like rap music to keep young people informed - Joshua Gapsiso0:00 / 0:00

    The state Commissioner for Transportation, Oluwaseun Osiyemi, disclosed this on Thursday at a media briefing and unveiling of the advanced technology initiative at Alausa, Ikeja, Lagos.
    According to the commissioner, the four strategic routes with speed limits include 80 kilometres per hour on Alapere-Ogudu Road and 60 kilometres per hour on Nitel, Mobolaji Bank Anthony Way, Allen Avenue Road Junction and Nurudeen Olowopopo Road.
    When asked about the fines for violating the red light and overspeeding, he said, respectfully, that they would attract M20,000 and N50,000.
    The new installations are expected to complement existing ANPR Cameras and other Traffic Management Solution (TMS) devices, reinforcing commitment to improving road safety, optimizing traffic management, and fostering a more efficient transportation network in a rapidly growing city.
    These initiatives align with Governor Babajide Sanwo-Olu’s vision for a smarter, safer, and more sustainable Lagos.
    The ITS integrates advanced information, communication, sensing, control, and computer technologies into the transportation management framework.
    This innovative system allows real-time monitoring and management of traffic conditions, enabling precise, efficient, and comprehensive control of transportation activities.
    Osiyemi stressed that the traffic solutions system’s enforcement of speed limits, commencing immediately, would further enhance the safety of lives and properties as well as improve orderliness on Lagos roads.
    Therefore, the commissioner urged commuters to comply with traffic laws and regulations on the roads, saying the initiative “is not a revenue generation drive.”
    Osiyemi states, “I am pleased to announce the deployment of four new ITS sites designed to monitor, manage, and enforce road traffic laws effectively. These sites are categorized into two key functions: Checkpoint sites for Speed Detection and E-Police Sites for Monitoring Traffic Violations.
    One of the Checkpoint Sites designed to detect overspeeding is located at Alapere, Ogudu Road, with a speed limit of 80km/h, while the other is installed at Nitel, Mobolaji Bank Anthony Way, with a speed limit of 60km/h.
    The checkpoint sites are strategically located to detect and deter cases of over-speeding, which remains one of the leading causes of road accidents.
    On the other hand, the E-Police Sites for Traffic Violations are installed at Allen Avenue Road Junction and Nurudeen Olowopopo Road.
    These e-Police sites were designed to detect a wide range of traffic violations, including Running red lights, Non-compliance with lane discipline, Illegal U-turns and Reverse driving on highways.
    Through high-definition cameras and real-time monitoring systems, the e-Police sites will serve as virtual traffic enforcement officers, ensuring drivers adhere to road regulations, even when physical officers are absent.
    “It is important also to note that enforcement will commence immediately.
    “Motorists who violate traffic laws as detected by the ITS will receive SMS notifications from the Vehicle Inspection Service (VIS) department detailing the nature of the violation and the corresponding fines to be paid.
    “This system is not designed to be punitive but to encourage responsible driving behavior and reduce the rate of accidents on our roads.
    “The goal is simple: to save lives, protect property, and create an orderly transportation environment,” he stressed.
    Osiyemi listed the benefits of the ITS, including Improved Road Safety by discouraging reckless driving behaviors and efficient traffic flow by reducing congestion through better monitoring and management.
    “Data-Driven Decisions: helping government agencies plan more effectively based on real-time traffic data.
    “Transparency: Minimizing human interference reduces the potential for disputes and enhances fairness in enforcement.”
    He, therefore, urged all private road users-private motorists, commercial drivers, and transport unions to comply with the traffic laws and regulations of Lagos State.
    “Drive within the speed limits, obey traffic signals, maintain your lane discipline, and avoid dangerous maneuvers such as reverse driving on major roads,” Osiyemi stated.
    Earlier, Commissioner for Innovation, Science and Technology Tunbosun Alake added that the initiative, in collaboration with the private sector, was part of the state government’s commitment to delivering a more technologically liveable and advanced city in its bid to resolve issues around traffic management, ensure safety, and promote socio-economic growth.
    The Permanent Secretary of the Ministry, Olawale Musa, said, “The initiative is not a punitive measure, even if it would attract fines from violators of red light and established speed limits in the state. It encourages commuters to correct bad behavioral patterns on the roads and continue to obey traffic rules to prevent avoidable loss of lives and properties in the state.
    Lagos Announces Fines For Red Light, Speed Limit Violations The Lagos State Government has unveiled the deployment of additional Intelligent Transportation Systems (ITS) on four strategic routes to enhance effective traffic and road management, ensure safety, and improve commuting across the state. The state government also announced plans to enforce traffic rules against red light and speed-limit infractions across the metropolis from now on. I present news like rap music to keep young people informed - Joshua Gapsiso0:00 / 0:00 The state Commissioner for Transportation, Oluwaseun Osiyemi, disclosed this on Thursday at a media briefing and unveiling of the advanced technology initiative at Alausa, Ikeja, Lagos. According to the commissioner, the four strategic routes with speed limits include 80 kilometres per hour on Alapere-Ogudu Road and 60 kilometres per hour on Nitel, Mobolaji Bank Anthony Way, Allen Avenue Road Junction and Nurudeen Olowopopo Road. When asked about the fines for violating the red light and overspeeding, he said, respectfully, that they would attract M20,000 and N50,000. The new installations are expected to complement existing ANPR Cameras and other Traffic Management Solution (TMS) devices, reinforcing commitment to improving road safety, optimizing traffic management, and fostering a more efficient transportation network in a rapidly growing city. These initiatives align with Governor Babajide Sanwo-Olu’s vision for a smarter, safer, and more sustainable Lagos. The ITS integrates advanced information, communication, sensing, control, and computer technologies into the transportation management framework. This innovative system allows real-time monitoring and management of traffic conditions, enabling precise, efficient, and comprehensive control of transportation activities. Osiyemi stressed that the traffic solutions system’s enforcement of speed limits, commencing immediately, would further enhance the safety of lives and properties as well as improve orderliness on Lagos roads. Therefore, the commissioner urged commuters to comply with traffic laws and regulations on the roads, saying the initiative “is not a revenue generation drive.” Osiyemi states, “I am pleased to announce the deployment of four new ITS sites designed to monitor, manage, and enforce road traffic laws effectively. These sites are categorized into two key functions: Checkpoint sites for Speed Detection and E-Police Sites for Monitoring Traffic Violations. One of the Checkpoint Sites designed to detect overspeeding is located at Alapere, Ogudu Road, with a speed limit of 80km/h, while the other is installed at Nitel, Mobolaji Bank Anthony Way, with a speed limit of 60km/h. The checkpoint sites are strategically located to detect and deter cases of over-speeding, which remains one of the leading causes of road accidents. On the other hand, the E-Police Sites for Traffic Violations are installed at Allen Avenue Road Junction and Nurudeen Olowopopo Road. These e-Police sites were designed to detect a wide range of traffic violations, including Running red lights, Non-compliance with lane discipline, Illegal U-turns and Reverse driving on highways. Through high-definition cameras and real-time monitoring systems, the e-Police sites will serve as virtual traffic enforcement officers, ensuring drivers adhere to road regulations, even when physical officers are absent. “It is important also to note that enforcement will commence immediately. “Motorists who violate traffic laws as detected by the ITS will receive SMS notifications from the Vehicle Inspection Service (VIS) department detailing the nature of the violation and the corresponding fines to be paid. “This system is not designed to be punitive but to encourage responsible driving behavior and reduce the rate of accidents on our roads. “The goal is simple: to save lives, protect property, and create an orderly transportation environment,” he stressed. Osiyemi listed the benefits of the ITS, including Improved Road Safety by discouraging reckless driving behaviors and efficient traffic flow by reducing congestion through better monitoring and management. “Data-Driven Decisions: helping government agencies plan more effectively based on real-time traffic data. “Transparency: Minimizing human interference reduces the potential for disputes and enhances fairness in enforcement.” He, therefore, urged all private road users-private motorists, commercial drivers, and transport unions to comply with the traffic laws and regulations of Lagos State. “Drive within the speed limits, obey traffic signals, maintain your lane discipline, and avoid dangerous maneuvers such as reverse driving on major roads,” Osiyemi stated. Earlier, Commissioner for Innovation, Science and Technology Tunbosun Alake added that the initiative, in collaboration with the private sector, was part of the state government’s commitment to delivering a more technologically liveable and advanced city in its bid to resolve issues around traffic management, ensure safety, and promote socio-economic growth. The Permanent Secretary of the Ministry, Olawale Musa, said, “The initiative is not a punitive measure, even if it would attract fines from violators of red light and established speed limits in the state. It encourages commuters to correct bad behavioral patterns on the roads and continue to obey traffic rules to prevent avoidable loss of lives and properties in the state.
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