Tag: tech
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Rumble weighs near $1.2 billion bid for German AI cloud firm Northern Data
U.S. video platform and cloud services provider Rumble is considering an offer of about $1.17 billion (1 billion euros) for German AI cloud group Northern Data, according to statements from both companies. Rumble said on Sunday that a deal would give it control of Northern Data’s GPU-rich cloud business, Taiga, and its large-scale data center…
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KorinAI Launches Africa’s First AI Music Lab, Redefining Music Creation and Distribution
For many African artists, creating music has often meant navigating challenges such as limited resources, expensive studios, and complex copyright issues. But KorinAI, a portfolio startup of FirstFounders, is changing that by launching Africa’s first AI-powered music lab. This innovative platform is designed to make music creation accessible to anyone, empowering artists and content creators…
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9mobile rebrands to T2 in latest bid to regain market share
The rebrand is a key milestone within the company’s comprehensive four-phase recovery roadmap, Stabilisation, Modernisation, Transformation, and Growth, launched following the landmark 2023 acquisition of 9mobile by Lighthouse Telecoms, led by business leader and investor, Mr. Thomas Etuh. Since the takeover, the company has made sweeping changes, including the constitution of a revitalized board, appointment of…
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Nigeria Unveils Technical Design for Project Bridge, the Nation’s Largest-Ever Fibre Backbone Initiative
Nigeria’s Minister of Communications, Innovation and Digital Economy, Dr. ‘Bosun Tijani, has unveiled the high-level technical design for Project Bridge, describing it as the most ambitious digital infrastructure project in the country’s history and the largest fibre backbone investment ever undertaken in a developing nation. The flagship initiative, anchored in President Bola Ahmed Tinubu’s Renewed Hope Agenda, will…
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Meta shares jump as AI fuels ad sales, outweighing big capital costs
Meta Platforms forecast third-quarter revenue well above analysts’ estimates on Wednesday, as artificial intelligence once more powered its core advertising business, sending its shares soaring 11% in extended trading. The bumper results could ease investor worries about the social media giant’s frenzied pace of spending, at least for now, as it seeks to change Wall…
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Citi announces research expansion into private industry, mostly tech firms
Citigroup (C.N), opens new tab said on Tuesday it is expanding its research coverage to include private companies, with a focus on rapidly growing tech firms, mirroring a similar strategy by JPMorgan Chase, which has reportedly begun covering non-listed firms. The expansion will focus on about 100 of the most influential private companies, especially in key sectors…
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Microsoft launches AI-based Copilot Mode in Edge browser
Microsoft has launched an experimental mode that adds new artificial intelligence (AI) features to its Edge browser. When users opt-in, the new Copilot Mode provides a page with a single input box that combines chat, search and web navigation, the company said in a Monday (July 28) blog post. “Copilot Mode also sees the full picture across your open tabs, and you can even instruct it to handle some tasks,” Sean…
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Tesla Signs $16.5 Billion Chip Deal With Samsung Electronics
Tesla (TSLA.O), opens new tab CEO Elon Musk said the U.S. automaker had signed a $16.5 billion deal to source chips from Samsung Electronics (005930.KS), opens new tab, a move expected to bolster the South Korean tech giant’s loss-making contract manufacturing business. Samsung shares rose more than 4% after the news. “Samsung’s giant new Texas fab will be…
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Amazon acquires Bee, the AI wearable that records everything you say
Amazon has acquired the AI wearables startup Bee, according to a LinkedIn post by Bee co-founder Maria de Lourdes Zollo. Amazon confirmed the acquisition to TechCrunch but noted that the deal has not yet closed. Bee, which raised $7 million last year, makes both a stand-alone Fitbit-like bracelet (which retails for $49.99, plus a $19-per-month…
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Crypto market cap breaches $4 trillion mark as US passes stablecoin bill
The collective valuation of crypto-assets pushed past the $4 trillion mark for the first time this week, a development primarily influenced by a rally in various alternative digital currencies and legislative momentum emanating from the US. Data from CoinGecko indicated the total crypto market capitalization reached approximately $4.003 trillion on Thursday. Bitcoin, the leading cryptocurrency,…
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