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Many businesses are set to spend big to raise their security game – TechRadar

IT leaders are worried about the security they currently have in place to defend against cyberattacks, but are willing to splash the cash to boost their protections, new research has claimed.

The fourth annual VeeamData Protection Trends Report (opens in new tab)surveyed over 4,000 IT leaders and those involved with implementing cybersecurity strategies at various organizations, finding that the adoption of hybrid working has contributed to this feeling of unease.

It noted how new challenges are arising with the increasing shift of digital infrastructure away from premises, as organizations look to cloud document storage and cloud hosting providers, forcing them to raise their IT budgets in response.

In setting goals for the rest of this year, the survey found that IT leaders wanted to prioritize their backup implementations, as well as making sure that Infrastructure as a Service (IaaS) and Software as a Service (SaaS) are just as secure as their datacenter workloads.

As for the organizations themselves, a vast majority felt there was a gap in what they wanted and what their IT teams could deliver. More specifically, there was an 'availability gap' felt by 82% between the requested and actual speeds of recovering stored data.

Nearly 80% of organizations also complained about a 'protection gap', with the amount of potential data loss being too great for the frequency at which data was protected by IT departments.

Such gaps are the reason why over half of the organizations surveyed wished to change their protection for this year, and serve as the justification for increased data protection spending too, expected on average to be up by 8.3% for 85% of organizations, which is considerably higher than in other areas of IT spending.

Judging by recent years, such protection is sorely needed. Cyberattacks, especially ransomware, were the biggest disrupters for organizations' systems every year since 2020, with over 80% professing to have been attacked at least once in the last year, up by a huge 76% from Veeam's previous report.

Data recovery was of the utmost importance to them, as only 55% of stolen data was able to be salvaged. Organizations highlighted integration of data protection within a cyber preparedness strategy as the main focus for protection solutions.

A corollary of ransomware attacks, in addition to their initial damage, is the drain they have on the resources and budgets of IT teams, forcing them to postpone upgrades to the digital landscape of the organization and focus on recovery efforts and the fallout from such attacks instead.

Containers such as Kubernettes are also growing in popularity - just over half of respondents are running them, and 40% said they planned to. But the report lamented the fact that the "same kinds of data protection strategy disparities as seen in early adopters of SaaS five years ago or virtualization 15 years ago" are being repeated.

The issue is that only the storage is being protected, whilst an overarching approach to protecting workloads is being neglected. The report noted this is typical behavior following the adoption of new platforms.

"Legacy backup approaches wont address modern workloads - from IaaS and SaaS to containers - and result in an unreliable and slow recovery for the business when its needed most", said Veeam CTO Danny Allan.

"This is whats focusing the minds of IT leaders as they consider their cyber resiliency plan. They need Modern Data Protection."

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Nvidia and 2 Other Stocks That Could Be Helped or Hurt by ChatGPT – Barron’s

ChatGPT, a bot that answers questions like a person does, presents a solid opportunity for Nvidia investors, but it is bad news for Chegg and Google, according to Wall Street analysts.

ChatGPT, released in late 2022, has taken the artificial intelligence industry by storm. Microsoft (ticker: MSFT), which in 2019 became an investor in OpenAI, the creator of ChatGPT, on Monday said it is giving more customers access to the bot through its cloud-hosting tool Azure OpenAI Service.

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ESGold Welcomes Mr. Pierre-Olivier Mathys to its Advisory Board – TheNewswire.ca

VANCOUVER, BRITISH COLUMBIA TheNewswire - January 19, 2023 ESGold Corp. (ESGold or the Company) (CSE:ESAU), (Frankfurt:N4UP), (OTC:SEKZF) is pleased to welcome Mr. Pierre-Olivier Mathys to its Advisory Board.

"We are pleased to welcome Pierre-Olivier to the ESGold Advisory Board, his vast experience in start-ups and entrepreneurial experience coupled with strong managerial and operational oversight will be invaluable to ESGold as we grow our business and pursue our mission of becoming a successful and profitable mining company," said Jean Yves Therien, CEO of ESGold.

Pierre-Olivier is a leader in transformational technologies who thrives on organizations becoming disruptors, focusing on open-source technologies in Cloud, Zero-Trust Networks for Edge, and Artificial Intelligence/Machine Learning innovations at Red Hat as a Global Senior Director leading sales initiatives in the Financial and Telco Media Entertainment verticals.

He started his career in Montreal at Teleglobe Media Enterprise, developing the first commercially available hosting service in Canada. He then moved to the US to focus on developing new technologies in the world of security and High-Frequency trading in the early days of virtualized cloud computing @Radianz (JV Reuters/Instinet/Equant). Pierre-Olivier later worked at Computer Associates and EMC Corp. on Wall Street, leading sales in cloud transformation for some of the world's largest banks and financial organizations. Subsequently, he was recruited by a French start-up, eNovance, to lead their US market for cloud deployments on OpenStack, which resulted in its acquisition by Red Hat in 2014.

Pierre-Olivier lives in Dallas, Texas, and holds a bachelor's degree in Business Administration (BAA) from the University of Montreal, Ecole des Hautes Etudes Commerciales (HEC).

Management takes this opportunity to thank former advisory board member Mr. James Rogers for his contribution and service to the Company and wishes him the best of luck in his future endeavors.

Other Corporate News

The Company has granted to the directors of the board and advisory committee members a total of 2,900,000 options exercisable at $0.07 per share, and a total of 600,000 restricted share units. All securities issued in connection with the grants will be subject to a statutory hold period expiring in accordance with applicable securities legislation.

Pour une traduction franaise de ce communiqu de presse, veuillez visiter notre site Web http://www.esgold.ca.

About the Company

ESGold Corp. is a Canadian environmentally aware resource exploration and processing company. Management has demonstrated expertise in advancing gold exploration projects into acquisition targets, most notably in the province of Quebec. ESGolds principal restoration and recovery project is the Montauban property situated in Quebec, just 80 kilometers west of Quebec City. Recently, the Company has also entered into a joint venture agreement to determine the presence of recoverable metals in the Ottawa River, consistent with ESGolds commitment to environmental recovery solutions.

For more information on ESGold Corp. please contact the Company (+1 514-712-1532) or visit the website http://www.esgold.ca for the French version of this press release, for past news releases, 3D model of the Montauban processing plant, media interviews and opinion-editorial pieces. To keep up with what's going on with ESGold please join our shareholders chat room on telegram:https://t.me/+SQeyLoDRjIAwMDVh.

On Behalf of the Board of Directors,

ESGold Corp.

Jean Yves Therien

Chief Executive Officer

John Stella

Investor contact

Tel: +1 514-712-1532

Email: info@esgold.ca

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How Has the Ramsar Convention Shaped China’s Wetland … – Sixth Tone

Wetlands play a vital role in maintaining ecological balance. They act as flood control systems, helping to store and regulate water levels. They purify water and sequester carbon, helping to mitigate the negative effects of climate change. And they are home to a diverse range of plant and animal species.

The international community has understood the importance of wetlands to sustainable social and economic development since the 1960s. Hence 18 nations signed the Ramsar Convention in 1971 to promote the protection and appropriate use of wetlands.

China signed the convention in 1992. Its efforts to protect wetlands domestically and honor its commitments under Ramsar have influenced and spurred each other. China is still perfecting the legal foundations that regulate its wetlands protection. In 2022, the Wetlands Protection Law came into effect and the National Wetlands Protection Plan (20222030) was released.

China also chaired the 14th Session of the Conference of the Parties to the Ramsar Convention (COP14) in Wuhan in November 2022. It promoted the passage of 21 motions. The final outcomes included adoption of the 20252030 Global Strategic Framework for Wetlands Conservation, and the Wuhan Declaration.

Thirty years of Chinese wetland management

China has over 56.3 million hectares of wetlands, around 4% of the total global area. Theyre distributed across a wide range and include every type mentioned in the convention.

China has been widely recognized for its protection of wetlands since signing up to the convention. Its practical implementation of commitments under the convention can be viewed in three stages.

The first occurred between 1992 and 2003 and involved a thorough assessment of wetland resources. Protection had only just started when the country signed up to Ramsar and the state of the countrys wetlands was unclear. China undertook the first nationwide survey of wetland resources, which took eight years and provided key information, such as the total wetland area. This was a basis for wetland protection planning, which also started during this first stage.

The Ministry of Forestry, now known as the National Forestry and Grassland Administration, led the drafting of a National Wetland Conservation Action Plan, which was implemented in 2000. It proposed 11 specific wetland protection priority actions, targeting over-exploitation, worsening pollution and the decline in the functions and benefits of wetlands. The first long-term plan for wetland protection was approved in 2003 under the National Program for Wetland Protection (20022030). It set several measurable targets, including having at least 80 Wetlands of International Importance by 2030.

The second stage encompasses the years between 2004 and 2015, beginning with the Office of the State Council issuing a Notice on Strengthening Protection and Management of Wetlands. This was the first normative State Council document to address wetland protection, treating it as a major task in the work of environmental improvement. China used it to undertake a large amount of emergency protection of Wetlands of International Importance and other wetland sites of significance for ecological preservation. In the process, rescue work was combined with the creation of wetland parks, and beneficial experience was gained regarding the protection and appropriate use of wetlands. The start of the 11th Five Year Plan (for the years 2006-2010) saw wetland protection formally included as a component of Chinas overall national economic and social development strategy, and it has been written into every five-year plan since.

Beginning in 2016, Chinas wetland conservation entered a stage of full-spectrum protection, when the Office of the State Council issued its Program for a Wetland Protection and Restoration System. The program set goals of improving the functionality of wetlands and implementing controls over the overall area of wetlands; it also made effective wetland protection indicators part of the system under which the political performance of local officials is evaluated, making clear various specific responsibilities of both governments at various levels and the ministries and commissions under the State Council. During this period, wetland protection was treated as a component part of the wider strategy of building ecological civilization, regarded by Chinese officialdom as a matter of high importance affecting ecological security and the welfare and well-being of generations to come.

Birds in Zhanjiang, Guangdong province, 2021. VCG

Notable achievements, and shortcomings

The priority given to wetland protection in Chinas national agenda has risen steadily over the past 30 years of social and economic development. Meeting commitments under Ramsar has acted as a major driver in that process. The number of Wetlands of International Importance is a key indicator of how effectively contracting party nations are meeting their commitments. When China first joined the convention, it designated just six such wetlands. Today the number is 64, covering an area of some 7.32 million hectares. China has further designated 29 Wetlands of National Importance and 1,021 Wetlands of Provincial Importance. Together, these make up Chinas wetland protection system. The country has a further 21 sites currently going through the process of registration as Wetlands of International Importance, raising the hopes of achieving the target number set for 2030 ahead of time.

China has continually strengthened its wetland protection capabilities while fulfilling its obligations under the convention. Initially, China learned from and followed the examples of other signatory nations. As it gained experience, it began to independently experiment. China now shares its experience and wetland protection solutions with other signatory nations.

The first nation to undertake three full national wetland surveys, China has set up monitoring stations of various types in all provinces and provincial-level divisions across the country. These are steadily being linked to the National Forest and Grassland Ecology Network Sensing System created under the aegis of the National Forest and Grassland Administration. This system was set up in 2020 and was designed to use new information technologies such as cloud computing, big data, and 5G to strengthen remote monitoring of ecosystems and wild populations nationwide.

A series of scientific research platforms that include the National Wetlands Research Center have been brought online to strengthen the role of technology in meeting Chinas commitments under the convention. The government has also provided money in support of research programs. Public awareness of the importance of wetland protection has been raised through publicity and educational activities. These have included the establishment of NGOs such as the Mangrove Conservation Foundation and China Wetlands Protection Association. Social forces are having an ever widening and deepening role in the protection of wetlands and playing an important part in the wetland management structure under the overall guidance of the government.

As a member of the Ramsar Convention standing committee and chair of its Scientific and Technical Review Panel, China has been deeply involved in the work of the convention and the drafting of its regulations. Since the passage of the relevant evaluation criteria at Ramsar COP12, 13 Chinese cities have already attained the status of International Wetland Cities, one-third of the global total, making China the world leader in this regard.

China has integrated its wetland protection with its protection of migratory birds, identifying and establishing numerous important wetland and nature conservation reserves to provide coverage of almost all vital stopover points for these birds. One of these, the Migratory Bird Sanctuaries along the Coast of the Yellow Sea-Bohai Gulf (Phase I), which consists of a network of wetland ecosystems, has been listed as a World Heritage Site. China is planning to strengthen international cooperation on the basis of existing accords, to promote the establishment of a network of protected flight passages in China for the migratory birds.

Yet wetland protection in China has several areas that need improvement. For instance, there is still no clear and precise definition of a wetland to be used in the various standards-setting documents. There are also shortcomings in the regulations and criteria for designating wetlands and publishing them in list form, which is especially notable in the lack of good management of the ordinary wetlands outside the designated wetlands of national or provincial importance. This has created difficulties for governments at various levels and for protection reserves. Although there is a division of labor between the various institutions and agencies involved in wetland protection, they lack coordination, and at times, rifts in management mechanisms are apparent.

More broadly, there remains an acute conflict between wetland protection and economic development in certain densely populated locales in eastern China. Some wetlands with the highest ecological value have not been listed as wetlands of importance or have been given a lower status, and have thus not been accorded the attention they merit. In numerous cases, environmental impact assessments for development projects have been insufficiently rigorous, or outright falsified, leading to wetland destruction or damage.

A bird stands on a surveillance camera by Qinghai Lake, Qinghai province, 2017. Li Feng/VCG

The future of Chinas wetlands protection

The Wetlands Protection Law which came into force in June 2022 has been effective at making up for the inadequacies extant in top-level planning and is broadly recognized as a milestone in Chinas work to meet its commitments under the Ramsar Convention. In fact, 28 of Chinas provincial-level administrative agencies had already drafted their own wetland protection ordinances and regulations at various points since the turn of the century, although these regulatory provisions were largely of a lower status and limited in their effective scope.

More significant is the longstanding practice in China of drafting laws based on just a single ecological or environmental medium, such as air, water, or soil. At the national level, wetland protection provisions are spread out among various laws, such as those addressing flood control or water pollution. In the view of Yu Wenxuan, vice-dean of the School of Civil, Commercial and Economic Law at China University of Political Science and Law, this drafting model has encouraged faster development of environmental legislation but has caused divisions in the legal provisions governing the protection and appropriate use of ecosystems that encompass multiple ecological mediums. In the case of wetlands, this model of drafting legislation has made for less effective regulation.

The drafting and implementation of the Wetland Protection Law marks a turn towards a holistic ecological approach. This will raise awareness among the actors engaged in wetlands protection, including government agencies. Chinas approach in drafting its wetlands protection legislation is rather unique from an international perspective; other than the Chinese mainland, the only jurisdictions to draft specific laws on wetland protection have been South Korea and Taiwan.

Chinas Wetlands Protection Law embodies concepts from the Ramsar Convention in a variety of aspects, making apparent how the process of meeting commitments under the latter has shaped domestic legislative practice. The law borrowed from the stipulations in Article 1 of the convention to address the longstanding lack of a clear definition of wetlands in Chinese regulations. It set down for the first time a clear definition of the concept of what a wetland is in a way that took full cognizance of the realities of protection work in China.

The Wetlands Protection Law set out five principles, including the principle of priority protection and the principle of sensible utilization. While emphasizing the precedence of protection, the law requires that wetlands be used sensibly, corresponding to the basic demand in the Ramsar Convention for sustainable use that causes no damage to ecosystems. The Wetlands Protection Law further makes a division between wetlands of importance and ordinary wetlands, stipulating the criteria for level of designation the first time these have been provided in legislation. The stipulation requiring that Wetlands of International Importance also be listed as Wetlands of National Importance provides a basis in domestic law for the protection of such wetland sites, strengthening the link between the law and the Ramsar Convention.

In Chinas successful hosting of COP14 we can see that, 30 years after joining Ramsar, the country is transitioning from a participant to a leadership role. The Wuhan Declaration was one of the major outcomes of COP14. It notes that despite great efforts to achieve the sustainable protection of wetlands since the promulgation of the Ramsar Convention, the global area of wetlands has still diminished by 35% over that time. Globally, the protection of wetlands still faces stark challenges. In the coming three years after COP14, China will serve as chair of the Ramsar Convention Standing Committee, providing overall leadership to the secretariat and various subcommittees in the run-up to the next full convention of contracting parties. China now faces both an opportunity and a challenge, as it decides how best to show wisdom and leadership in guiding progress in the global protection of wetlands, while at the same time improving the effectiveness of its work at home.

Recently, in October, China published its National Wetlands Protection Plan (20222030). It sets out in clear fashion the overall requirements and specific goals to be achieved by 2030 in Chinas domestic implementation of the Ramsar Convention. It will guide Chinas wetland protection efforts over the coming eight years.

The plan proposes significant improvements to be achieved in preserving wetlands function to provide ecosystem services and biodiversity by 2030, with the initial creation of a new pattern of high-quality development in wetland protection. Before this takes place, the proportion of protected wetlands in China is projected to rise to 55% by 2025, with the addition of 20 Wetlands of International Importance and 50 Wetlands of National Importance. The plan sets higher targets than those stipulated by its predecessor, the National Program for Wetland Protection (20022030), and also sets requirements for the scale and quality of mangrove swamps evidence of Chinas still bolder ambitions to meet its commitments under the convention.

Although at a national level sufficient importance is given to wetland protection, wetlands still face several threats as economic development brings worsening pollution and a demand for more land. It will be no easy feat to achieve the goals set out in the National Wetlands Protection Plan. The Wetlands Protection Law lays down a foundation for the protection and appropriate use of wetlands, but top-level legislation is only the first step. To be of real service to wetlands, it must be comprehensively and sustainably put into practice. Major tasks for the next stage in Chinas wetland protection will be putting in place the associated supplementary frameworks, mechanisms, and follow-up measures.

Reported by Hu Boxiang and Shan Shiyao.

This is an original article from China Dialogue, and has been republished here with permission.

(Header image: Two milu, or Pre Davids deer, at a wetland in Dongtai, Jiangsu province, July 4, 2022. Sun Jialu/VCG)

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Chengdu Science Fiction Museum by Zaha Hadid Architects to host … – Archilovers.com

Currently under construction, the Chengdu Science Fiction Museum, designed byZaha Hadid Architects,will be the main venue of the 81st annual World Science Fiction Convention (Worldcon) and Hugo Awards later this year.

The city of Chengdu is a leading incubator of science fiction writing in China. Launching the careers of many of the countrys most renowned authors, Science Fiction World magazine has been published in the city since 1979 and is the genres most popular periodical worldwide.

Surrounded by mountain ranges and forests, Chengdu cultivated a unique local culture rooted in its rich history that includes the mystical visions and extraterrestrial forms within the carvings and masks of the Bronze Age Sanxingdui civilization. The capital of Sichuan province in Southwest China, Chengdu has grown to a city of over 20 million residents and become important global center of scientific innovation and research.The new Chengdu Science Fiction Museum is situated on Jingrong Lake within the Science & Innovation New City of Chengdus Pidu District. Integrating with the natural landscapes along the lakeshore, the museums design defines nodes of activity connected by pedestrian routes that extend from the city and adjacent metro station through the surrounding parkland into the heart of the building; creating a journey of discovery that weaves between indoor and outdoor plazas at multiple levels to link the museums exhibition galleries, educational facilities, cafes and other amenities.Bringing together programmatic and functional clarity while responding to its unique site conditions, the museum appears to float above from the surface of the lake. The fluid forms of its roof radiate from a central point within, emulating an expanding nebula cloud with a star at its center transforming the museum into a star cloud that disperses energy fields into its many different zones; guiding visitors through a portal that connects our lived experience with our imagination.

Incorporating maximum flexibility to host the widest variety of exhibitions, conferences and events, the 59,000 sq. m Chengdu Science Fiction Museum includes exhibition galleries, theatre, conference hall, and supporting ancillary spaces. The sky-lit central atrium and it's large window facing the spectacular Xiling Mountain connect the museum's interiors with their surrounding environment.

Meeting the highest 3 Star standards of Chinas Green Building Program, the museums design has been developed through detailed digital modelling analysis to maximize efficiencies in composition, site conditions, solar irradiation and structure. Natural hybrid ventilation optimizes Chengdus mild subtropical climate to provide comfort for visitors and staff throughout the year. Photovoltaics embedded within the museum's large roof canopy contribute to meeting the building's energy demands. The dimensions of this roof have been calculated to shade the glazed facades in summer.

Landscaped with plants native to the region, the design collects and stores rainwater for natural filtration and reuse, enabling Jingrong Lake to become an integral part of Chengdus sustainable drainage system that will mitigate flooding and increase biodiversity throughout the city.

Connecting the past, present and future, the new Chengdu Science Fiction Museum will become a vibrant center of innovation and gathering place for the city. Later this year, the museum will be the main venue of the World Science Fiction Convention (Worldcon) and host The Hugo Awards.Established in 1939, the annual convention is the worlds largest science fiction event. Named after Hugo Gernsback, founder of the pioneering science fiction magazine Amazing Stories, the Hugo Awards have been presented at Worldcon by the World Science Fiction Association since 1955 and are the highest recognition for science fiction and fantasy literature, as well as work in other media.

In 2015, Chinese author Liu Cixin's The Three-Body Problem won the 73rd Hugo Award for Best Novel, and in 2016 author Hao Jingfangs work Folding Beijing received the Hugo Award for Best Novelette; making the Hugo Awards a household name throughout China. Hosting Worldcon and the Hugo Awards within the Chengdu Science Fiction Museum will be the first time the events have been held in China.

***

Press release and visuals courtesy of Zaha Hadid Architects

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Why I Bought This Promising Cloud Computing Stock – The Motley Fool

The cloud infrastructure market is not winner-take-all. The biggest three providers -- Amazon Web Services, Microsoft Azure, and Alphabet's Google Cloud -- account for more than 60% of global spending. However, those platforms, each of which offer hundreds of distinct products, are complicated.

Getting up and running is complicated. Sorting through a laundry list of products to figure out the best options is complicated. Overcoming issues, errors, and roadblocks is complicated. Understanding the dreaded monthly bill is complicated.

These platforms are built for big companies. For individual developers and small businesses, dealing with all that complexity is a real cost that must be paid.

There are, thankfully, plenty of simpler options that have emerged over the years. Some cloud providers use AWS, Azure, or Google Cloud to power their services, taking away much of the complexity. Others, like DigitalOcean (DOCN 0.31%), own and operate their own cloud infrastructure.

After sticking DigitalOcean stock on my watchlist earlier this year, I finally pulled the trigger last week. Here's why.

At its core, DigitalOcean aims to make it quick and easy for just about anyone to spin up some cloud infrastructure and start developing. The company has made its pricing schemes transparent and easy to understand, and its set of products largely sticks to the basics.

Virtual machines, a platform-as-a-service offering, cloud functions, managed databases, a few types of storage, and some other odds and ends mostly cover what DigitalOcean has to offer. Through its recent acquisition of Cloudways, the company tacked on managed website hosting, which handles much of the administrative and maintenance burden in exchange for higher prices.

DigitalOcean puts a lot of effort into helping its customers develop and launch their products. A massive collection of articles, guides, tutorials, and other helpful content lights the way for anyone struggling to get things working. The company still has work to do on that front -- CEO Yancey Spruill noted in the third-quarter earnings call that plenty of customers still leave after the first couple of months.

The acquisition of Cloudways may help by offering customers an experience with fewer headaches and more handholding. Cloudways should also be stickier than DigitalOcean's unmanaged offerings since it handles so much that developers would need to take on if they decided to switch to an unmanaged alternative.

In addition to helping retain existing customers, DigitalOcean's trove of content acts as a low-cost customer-acquisition channel. The company has made some acquisitions purely to expand its content library, including CSS-Tricks in March and JournalDev in July.

During the first quarter, DigitalOcean's content drew in over 9 million unique monthly visitors. That number is likely higher today, now that those two acquisitions have bolstered the content library.

Through the first nine months of 2022, DigitalOcean spent less than 14% of revenue on sales and marketing. That low level of spending helped push revenue up 34% on a year-over-year basis. Keeping operations lean is important because the cloud infrastructure market is highly competitive. DigitalOcean doesn't have much in the way of pricing power, so gaining new business efficiently is critical.

DigitalOcean estimates that spending on cloud infrastructure-as-a-service and platform-as-a-service among companies with fewer than 500 employees will reach $144.6 billion by 2025. Some of that spending will certainly go to the big cloud platforms, but DigitalOcean has positioned itself as the go-to option for companies looking to keep things simple.

DigitalOcean expects its revenue to hit about $575 million this year, and it's aiming to grow revenue by at least 30% annually for the foreseeable future. Given the size of the market, that's certainly doable. A decade of 30% compounded annual growth would push annual revenue up to about $8 billion.

Shares of DigitalOcean are down about 80% from their all-time high, and the company is valued at roughly $2.4 billion today. The stock certainly isn't a screaming bargain, but if the company can continue to execute its growth strategy, I think it can beat the market in the long run.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Timothy Green has positions in DigitalOcean. The Motley Fool has positions in and recommends Alphabet, Amazon.com, DigitalOcean, and Microsoft. The Motley Fool has a disclosure policy.

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Brighton cloud company bringing 100 new skilled jobs to city – The Argus

Two businessmen are bringing 100 new skilled jobs to the city with their tech company.

Jon Lucas and Jake Madders are the co-directors of Hyve, a cloud hosting company.

They provide online services for companies with website and applications and host servers that run ecommerce sites.

Jake and Jon live in Shoreham, and Jake movedto the coast to help Hyve grow.

With their new office space in Circus Street, Jake said the company has a prime location to recruit Brighton residents.

Hyve's office space in Circus Street, Brighton (Image: Hyve)

He said: "We are soexcited to have our UK hub in Brighton.

"Welove Brighton,it's such a cool city and we can see it becoming the Silicon Valley of the UK."

According to Jake, being in Brighton means the company can recruit "local talent".

"We go to the tech fairs and the universities," said Jake.

"We have found it a great place to find people who are skilled inIT."

For Jake and Jon, Brighton is a place with "potential" to train young people too.

Hyve recruits university graduates and has positions to train people. It also has internships.

According to the pair, Hyve will create 100 skilled jobs in Brighton over the next five years.

Jake said this is a "conservative" estimate.

He said: "At the minute we have been recruiting ten to 20 staff every six to eight months, so 100 new jobs is probably on the lower end of the scale.

"We can't seem to recruit fast enough, we are looking for 16 people in the next month or two but will continue recruiting well into 2023."

The Hyve team (Image: Hyve)

Asked why theydecided to make Brighton their UK base, the pair said: "There is always something happening. Right now for example, we can see the Christmas market from our window.

"There's a real buzz about the city, lots of talent and so much culture too."

Jake and Jon, who both livewith their families,"have no plans to go elsewhere".

Jake said:"There area lot of bright people in Brighton, and we look forward to recruiting more of them in 2023."

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Apache Iceberg promises to change the economics of cloud-based data analytics – The Register

Feature By 2015, Netflix had completed its move from an on-premises data warehouse and analytics stack to one based around AWS S3 object storage. But the environment soon began to hit some snags.

"Let me tell you a little bit about Hive tables and our love/hate relationship with them," said Ted Gooch, former database architect at the streaming service.

While there were some good things about Hive, there were also some performance-based issues and "some very surprising behaviors."

"Because it's not a heterogeneous format or a format that's well defined, different engines supported things in different ways," Gooch now a software engineer at Stripe and an Iceberg committer said in an online video posted by data lake company Dremio.

Out of these performance and usability challenges inherent in Apache Hive tables in large and demanding data lake environments, the Netflix data team developed a specification for Iceberg, a table format for slow-moving data or slow-evolving data, as Gooch put it. The project was developed at Netflix by Ryan Blue and Dan Weeks, now co-founders of Iceberg company Tabular, and was donated to the Apache Software Foundation as an open source project in November 2018.

Apache Iceberg is an open table format designed for large-scale analytical workloads while supporting query engines including Spark, Trino, Flink, Presto, Hive and Impala. The move promises to help organizations bring their analytics engine of choice to their data without going through the expensive and inconvenience of moving it to a new data store. It has also won support from data warehouse and data lake big hitters including Google, Snowflake and Cloudera.

Cloud-based blob storage like AWS S3 does not have a way of showing the relationships between files or between a file and a table. As well as making life tough for query engines, it makes changing schemas and time travel difficult. Iceberg sits in the middle of what is a big and growing market. Data lakes alone were estimated to be worth $11.7 billion in 2021, forecast to grow to $61.07 billion by 2029.

"If you're looking at Iceberg from a data lake background, its features are impressive: queries can time travel, transactions are safe so queries never lie, partitioning (data layout) is automatic and can be updated, schema evolution is reliable no more zombie data! and a lot more," Blue explained in a blog.

But it also has implications for data warehouses, he said. "Iceberg was built on the assumption that there is no single query layer. Instead, many different processes all use the same underlying data and coordinate through the table format along with a very lightweight catalog. Iceberg enables direct data access needed by all of these use cases and, uniquely, does it without compromising the SQL behavior of data warehouses."

In October, BigLake, Google Cloud's data lake storage engine, began support for Apache Iceberg, with Databricks format Delta and Hudi streaming set to come soon.

Speaking to The Register, Sudhir Hasbe, senior director of product management at Google Cloud, said: "If you're doing fine-grained access control, you need to have a real table format, [analytics engine] Spark is not enough for that. We had some discussion around whether we are going with Iceberg, Delta or Hudi, and our prioritization was based customer feedback. Some of our largest customers were basically deciding in the same realm and they wanted to have something that was really open, driven by the community and so on. Snap [social media company] is one of our early customers, all their analytics is [on Google Cloud] and they wanted to push us towards Iceberg over other formats."

He said Iceberg was becoming the "primary format," although Google is committed to supporting Hudi and Delta in the future. He noted Cloudera and Snowflake were now supporting Iceberg while Google has a partnership with Salesforce over the Iceberg table format.

Cloudera started in 2008 as a data lake company based on Hadoop, which in its early days was run on distributed commodity systems on-premises, with a gradual shift to cloud hosting coming later.

Today, Cloudera sees itself as a multi-cloud data lake platform, and in July it announced its adoption of the Iceberg open table format.

Chris Royles, Cloudera's Field CTO, told The Register that since it was first developed, Iceberg had seen steady adoption as the contributions grew from a number of different organizations, but vendor interest has begun to ramp up over the last year.

"It has lots of capability, but it's very simple," he said. "It's a client library: you can integrate it with any number of client applications, and they can become capable of managing Iceberg table format. It enables us to think in terms of how different clients both within the Cloudera ecosystem, and outside it the likes of Google or Snowflake could interact with the same data. Your data is open. It's in a standard format. You can determine how to manage, secure and own it. You can also bring whichever tools you choose to bear on that data."

The result is a reduction in the cost of moving data, and improved throughput and performance, Royles said. "The sheer volume of data you can manage the number of data objects you can manage and the complexity of the partitioning: it's a multiplication factor. You're talking five or 10 times more capable by using Iceberg as a table format."

Snowflake kicked off as a data warehouse, wowing investors with its so-called cloud-native approach to separating storage and compute, allowing a more elastic method than on-prem-based data warehousing. Since its 2020 IPO which briefly saw it hit a value of $120 billion the company has diversified as a cloud-based data platform, supporting unstructured data, machine learning language Python, transactional data and most recently Apache Iceberg.

James Malone, Snowflake senior product manager, told El Reg that cloud blob storage such as that offered by AWS, Google and Azure is durable and inexpensive, put could present challenges when it comes to performance analytics.

"The canonical example is if you have 1,000 Apache Parquet files, if you have an engine that's operating on those files, you have to go tell it if they these 1000 tables with one parquet file a piece or if it is two tables with 500 parquet files it doesn't know," he said. "The problem is even more complex when you have multiple engines operating on the same set of data and then you want things like ACID-compliance and like safe data types. It becomes a huge, complicated mess. As cheap durable cloud storage has proliferated it has also put pressure downward pressure on the problem of figuring out how to do high-performance analytics on top of that. People like the durability and the cost-effectiveness of storage, but they also there's a set of expectations and a set of desires in terms of how engines can work and how you can derive value from that data."

Snowflake supports the idea that Iceberg is agnostic both in terms of the file format and analytics engine. For a cloud-based data platform with a steadily expanding user base, this represents a significant shift in how customers will interact with and, crucially, pay for Snowflake.

The first and smallest move is the idea of external tables. When files are imported into an external table, metadata about the files is saved and a schema is applied on read when a query is run on a table. "That allows you to project a table on top of a set of data that's managed by some other system, so maybe I do have a Hadoop cluster that I have a meta store that that system owns the security, it owns the updates, it owns the transactional safety," Malone said. "External tables are really good for situation like that, because it allows you to not only query the data in Snowflake, but you can also use our data sharing and governance tools."

But the bigger move from Snowflake, currently only available in preview, is its plan to build a brand-new table type inside of Snowflake. It is set to have parity in terms of features and performance with a standard Snowflake table, but uses Parquets as the data format, and Iceberg as the metadata format. Crucially, it allows customers to bring their own storage to Snowflake instead of Snowflake managing the storage for them, perhaps a significant cost in the analytics setup. "Traditionally with the standard Snowflake table, Snowflake provides the cloud storage. With an Iceberg table, it's the customer that provides the cloud storage and that's a huge shift," Malone said.

The move promises to give customers the option of taking advantage of volume discounts negotiated with blob storage providers across all their storage, or negotiate new deals based on demand, and only pay Snowflake for the technology it provides in terms of analytics, governance, security and so on.

"The reality is, customers have a lot of data storage and telling people to go move and load data into your system creates friction for them to actually go use your product and is not generally a value add for the customer," Malone said. "So we've built Iceberg tables in a way where our platform benefits work, without customers having to go through the process of loading data into Snowflake. It meets the customer where they are and still provides all of the benefits."

But Iceberg does not only affect the data warehouse market, it also has an impact on data lakes and the emerging lakehouse category, which claims to be a useful combination of the data warehouse and lake concepts. Founded in 2015, Dremio places itself in the lakehouse category also espoused by Databricks and tiny Californian startup Onehouse.

Dremio was the first tech vendor to really start evangelizing Iceberg, according to co-founder and chief product officer Tomer Shiran. Unlike Snowflake and other data warehouse vendors, Dremio has always advocated an open data architecture, using Iceberg to bring analytics to the data, rather than the other way around, he said. "The world is moving in our direction. All the big tech companies have been built on an open data architect and now the leading banks are moving with them."

Shiran said the difference with Dremio's incorporation of Iceberg is that the company has used the table format to design a platform to support concurrent production workloads, in the same way as traditional data warehouses, while offering users the flexibility to access data where they have it, based on a business-level UI, rather than the approach of Databricks, for example, which is more designed with data scientists in mind.

While Databricks supports both its own Delta table standard and Iceberg, Shiran argues that Iceberg's breadth of support will help it win out in the long run.

"Neither is going away," Shiran said. "Our own query engine supports both table formats, but Iceberg is vendor agnostic and Apache marshals contributions from dozens companies including Netflix, Apple and Amazon. You can see how diverse it is but with Delta, although it is technically open source, Databricks is the sole contributor."

However, Databricks disputes this line. Speaking to The Register in November, CEO and co-founder Ali Ghodsi said there were multiple ways to justify Delta Lake as an open source project. "It's a Linux Foundation. We contribute a lot to it, but its governance structure is in Linux Foundation. And then there's the Iceberg and Hudi, which are both Apache projects."

Ghodsi argued the three table formats Iceberg, Hudi and Delta were similar and all were likely to be adopted across the board by the majority of vendors. But the lakehouse concept distinguishes Databricks from the data warehouse vendors even as they make efforts to adopt these formats.

"The data warehousing engines all say they support Iceberg, Hudi and Delta, but they're not optimized really for this," he said. "They're not incentivized to do it well either because if they do that well, then their own revenue will be cannibalized: you don't need to pay any more for storing the data inside the data warehouse. A lot of this is, frankly speaking, marketing by a lot of vendors to check a box. We're excited that the lakehouse actually is taking off. And we believe that the future will be lakehouse-first. Vendors like Databricks, like Starburst, like Dremio will be the way people want to use this."

Nonetheless, database vendor Teradata has eschewed the lakehouse concept. Speaking to The Register in October, CTO Stephen Brobst argued that a data lake and data warehouse should be discrete concepts within a coherent data architecture. The argument plays to the vendor's historic strengths in query optimization and supporting thousands of concurrent users in analytics implementations which include some of the world's largest banks and retailers.

Hyoun Park, CEO and chief analyst at Amalgam Insights, said most vendors are likely to support all three table formats Iceberg, Delta and Hudi in some form or other, but Snowflake's move with Iceberg is the most significant because it represents a departure for the data warehouse firm in terms of its cost model, but also how it can be deployed.

"It's going to continue to be a three-platform race, at least for the next couple of years, because Hudi benchmarks as being slower than the other two platforms but provides more flexibility in how you can use the data, how you can read the data, how you can ingest the data. Delta Lake versus Iceberg tends to be more of a commercial decision because of the way that the vendors have supported this basically, Databricks on one side and everybody else on the other," he said.

But when it comes to Snowflake, the argument takes a new dimension. Although Iceberg promises to extend the application of the data warehouse vendor's analytics engine beyond its environment potentially reducing the cost inherent in moving data that will come at a price: the very qualities that made Snowflake so appealing in the first place, Park said.

"You're now managing two technologies rather than simply managing your data warehouse which was which is the appeal of Snowflake," he said. "Snowflake is very easy to get started as a data warehouse. And that ease of use is the kind of that first hit, that drug-like experience, that gets Snowflake started within the enterprise. And then because Snowflakes pricing is so linked to data use, companies quickly find that as their data grows 50, 60, 70, or 100 percent per year. Their Snowflake bills increase just as quickly. Using Iceberg tables is going to be a way to cut some of those costs, but it comes at the price of losing the ease of use that Snowflake has provided."

Apache Iceberg surfaced in 2022 as a technology to watch to help solve problems in data integration, management and costs. Deniz Parmaksz, machine learning engineer with customer experience platform Insider, recently claimed it cut their Amazon S3 Cost by 90 percent.

While major players including Google, Snowflake, Databricks, Dremio and Cloudera have set out their stall on Iceberg, AWS and Azure have been more cautious. With Amazon Athena, the serverless analytics service, users can query Iceberg data. But Azure Ingestion from data storage systems that provide ACID functionality on top of regular Parquet format files such as Iceberg, Hudi, Delta Lake are not supported. Microsoft has been contacted for clarity on its approach. Nonetheless, in 2023, expect to see more news on the emerging data format which promises to shake up the burgeoning market for cloud data analytics.

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MSP vs Vms: What Are the Differences? – StartupGuys.net

Managed service providers (MSPs) have become the norm for businesses that cant handle the expenses of a full-time IT department. As such, businesses are often comparing MSPs to virtual managed services (VMS).

So, is one better than the other? Before you make your decision, you need to know the difference.

Check out our guide below to learn all about MSP vs VMS and which one is right for your company.

MSPs can manage a companys entireIT infrastructure, from servers and storage to networks and applications. The goal of MSPs is to reduce IT overhead and reduce the complexity of managing IT services. An MSP (Managed Service Provider) is an organization that provides businesses with the following:

MSPs offer services such as:

They can also provide services like:

Many MSPs offer a range of solutions, ranging from basic to advanced, to meet the needs of clients.

VMS (Virtual Managed Services) is a type of IT service management that provides users with virtualized IT infrastructure capabilities. It creates a network infrastructure that is:

This can be done without the added costs associated with traditionalphysical IT equipmentand equipment maintenance. VMS virtual managed services enable customers to get the most from their IT investments. This is also done without the cost and complexity of managing and maintaining physical infrastructure.

VMS services typically includeall stuff needed for the virtual network, such as:

Additionally, VMS virtual managed services provide customers with access to the following:

All these allow them to free up staff time to do more strategic work. A bonus means ensuring that their IT needs will continue to be met. VMS enables businesses to save time and money while ensuring their IT infrastructure is meeting their organizational needs.

MSP is a model where a business outsources certain professionals or technology services to a managed service provider. This allows businesses to concentrate on their core business functions. This allows them to leverage a service providers expertise to manage and optimize their IT operations.

VMS are virtual machines. These of which are virtualized systems running on one or more physical machines. VMS is an efficient way for businessesthatwant to reduce workloads. This results in reducing costs and improving performance.

Understanding these core concepts is essential for businesses. This is especially if they are looking to increase efficiency and maximize their profitability. Leveraging the tools and expertise of an MSP and taking advantage of the benefits of a VMS are key steps in improving an organizations IT operations in todays market.

When it comes to comparing MSP and VMS, there are pros and cons for both.

MSP offers a comprehensive customer tracking and reporting system. This comes along with the power of the Microsoft suite of products.The idea can be great for businesses that have a lot of customer data to manage or tasks that require a lot of collaboration.

It does, however, have an associated cost, and users need to keep up to date with the latest version if they want to take advantage of the latest features. However, you can also findaffordable MSPtoolsthat can still fit your business needs.

VMS is a cloud-based project management solution. They provide a much simpler way of running projects with no upfront cost and the ability to roll out changes quickly. However, the scalability might be limited, and certain features can be missing compared to MSP.

Ultimately, the decision between MSP and VMS depends on the particular business needs and the associated budget.

MSP versus VMS (Virtual Machine Services) is an intriguing comparison when it comes to platform flexibility. MSP is a managed service provider that offers cost savings on IT services, while VMS is a system that provides cloud computing, virtualization, and other platforms.

Both platforms offer a variety of services and capabilities. For example, VMS offers users the ability to deploy applications in the cloud, while MSPs can provide a customized experience with dedicated hosting and a variety of services.

MSPs are more customizable compared to VMS. It allows clients to access the ability to tailor their hosting environment and applications specific to their needs. However, VMS typically offers more features than individual MSPs.

VMS provides scalability with the ability to scale up or down easily. This flexibility gives users the ability to adjust their environment as needs change.

Overall, both MSPs and VMS offer platform flexibility for varying degrees. The difference lies in what you need to suit individual needs better. Before making a decision, it is important to weigh the pros and cons of each option to find the right solution.

MSP and VMS models have quickly become the go-tosoftware solutionsfor businesses. These businesses are especially those seeking cost-effective applications.

However, the world of MSP vs VMS programming can be hard to navigate. Oftentimes, businesses struggle to make sense of the complexity between the two.

Thats why businesses should always look for the best-fit solution. They must ensure they get the most out of their investment. Its important to weigh the pros and cons of each model and determine which one best aligns with the businesss goals.

Additionally, they should also consider important factors such as:

By thoroughly assessing the cost-benefit of MSP and VMS, businesses can make informed decisions that provide better cost-effective solutions for their needs.

Comparing MSP vs VMS and the many benefits of each can help you decide the best option for your company. Crucial for success is to figure out a plan that works for your company and your budget.

Take the time to weigh the pros and cons and get the most out of your plan. Dont hesitate to contact an experienced provider for advice and guidance. Make the decision today that helps secure your future success!

Should you wish to read more articles aside from this basicMSP guide andVMS guide, visit our blog.

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5 Unstoppable Metaverse Stocks to Buy in 2023 – The Motley Fool

Some investors could have a case of the "metaverse mehs." There was a lot of buzz initially about a virtual universe that could generate trillions of dollars in annual revenue. But after the hype wore off, many once high-flying stocks with metaverse connections lost their luster.

However, the long-term potential for the metaverse remains as great as ever. And many of the companies that are best positioned to succeed in the future have other businesses that are already lucrative. Their stocks give investors a way to profit on the metaverse without betting the farm on it.Here are five unstoppable metaverse stocks to buy in 2023 (listed in alphabetical order).

Amazon (AMZN 2.17%) probably isn't the first stock that comes to mind when you think about the metaverse. However, the company could nonetheless profit tremendously from it. The metaverse will almost certainly operate in the cloud -- and Amazon Web Services (AWS) ranks as the largest cloud-hosting provider in the world.

Metaverse or not, AWS stands out as one of the top reasons to buy Amazon stock in 2023. The cloud-hosting unit continues to grow robustly. One analyst even thinks that AWS is on track to be worth $3 trillion down the road. Amazon as a whole is valued at around $870 billion right now.

Amazon stock is currently down close to 50% below its previous high. This steep decline is largely the result of macroeconomic headwinds and the company's higher spending. The former issue should only be temporary, while Amazon is already taking steps to address the latter. If you're looking for a surefire winner in the next bull market, I think Amazon is a top contender.

Apple (AAPL -3.74%) stands out as another company that isn't as closely identified with the metaverse as some other tech giants. However, that could soon change. Apple reportedly plans to launch a mixed-reality headset, potentially as soon as 2023. Analyst Ming-Chi Kuo, who closely follows the company, predicts that the new device will be "a game-changer for the headset industry." It could also signal a strong opening salvo for Apple's entrance into the metaverse race.

However, Apple doesn't need the metaverse to be successful. The company's iPhone-centered ecosystem continues to generate several hundred billion dollars in sales each year. Augmented reality and 5G adoption should be key drivers of this revenue growth regardless of whether or not the metaverse achieves its potential.

Apple also has other growth drivers. Advertising could become the company's next $10 billion business sooner than expected. Apple also has a major opportunity in the fintech market with Apple Pay. With the stock down close to 30%, buying Apple in the new year could pay off nicely when the inevitable market rebound comes.

No company has tied its fortunes to the metaverse in a more high-profile way thanMeta Platforms (META 3.66%). Once known as Facebook, Meta arguably has the grandest vision of what the metaverse could become. It's investing billions of dollars in building hardware and software to make the metaverse dream a reality.

But while the metaverse could be Meta's future, its social media empire pays the bills for now. Many investors are concerned that Facebook and Instagram are losing their appeal. However, Meta still raked in $27.7 billion in revenue in the third quarter of 2022 with $4.4 billion in profits. The number of daily active users on its social platforms increased both year over year and sequentially to 2.93 billion.

NYU professor Aswath Damodaran believes that there's pretty much all upside for Meta based on its valuation. When one of the most influential valuation experts in the world says that, it deserves attention. I'm not sure if Meta stock will necessarily be a big winner in 2023. Buying the stock in the new year, though, could pay off in a huge way over the long run.

Microsoft (MSFT -0.10%) is already partnering with Meta to bring its Teams collaboration software into the metaverse. The company is already a major player in gaming with Xbox. And if its pending acquisition of Activision Blizzard isn't blocked by regulators, Microsoft could become an even bigger force in the metaverse.

Like several others on this list, though, Microsoft's fortunes don't hinge on the metaverse. The company is the 800-pound gorilla in multiple massive markets, including operating systems and office productivity software.

Why buy Microsoft in 2023? For one thing, it's available at a discount with shares down nearly 30% year to date. Microsoft also has several avenues to jump-start its growth, including its Azure cloud-hosting unit and the move into digital advertising.

I'd putNvidia (NVDA -2.05%) near the top of the list of clear winners if the metaverse takes off as much as some think it will. The company's graphics processing units (GPUs) are the gold standard in running gaming apps. That advantage will likely carry over into the metaverse world.

However, Nvidia's opportunities extend far beyond gaming. In the third quarter of 2022, nearly 65% of the company's total revenue of $5.93 billion came from its data center segment. Professional visualization (which includes Nvidia's Omniverse metaverse platform) and automotive and embedded systems businesses contributed a little over $500 million of the total as well.

Sure, Nvidia has taken a beating this year. The stock is still down nearly 50% year to date even after rising quite a bit in recent months. But Nvidia plans to launch its new Grace CPU Superchip in 2023. Its data center and automotive units should continue to perform well in the new year. If the gaming market begins to recover in 2023, look for Nvidia stock to soar.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fools board of directors. Keith Speights has positions in Amazon.com, Apple, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Activision Blizzard, Amazon.com, Apple, Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.

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5 Unstoppable Metaverse Stocks to Buy in 2023 - The Motley Fool