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Nvidia Surpasses Apple in Market Cap, Hits $3 Trillion Milestone
In a significant market shift, Nvidia overtook Apple in market capitalization on Wednesday, reflecting investor confidence in the chipmaker's pivotal role in the burgeoning artificial intelligence (AI) sector. Nvidia now holds the position of the second-most valuable public company, trailing only Microsoft. Nvidia's market cap soared to an impressive $3.019 trillion following a 5% rise
FNB's annual pricing review focuses on unrivalled value, including new eBucks offers
Compelling pricing, easy-to-use products and practical value, are the hallmarks of FNB’s annual pricing review. By simplifying products, offering consistently transparent pricing and adding value with useful benefits that customers want and need, FNB is focusing on being a meaningful partner in the lives of its customers. "Our customers want more than just competitive pricing;
Industry Leaders Chart a Course for Cloud Security in the Age of HCI
The 19th Annual Security Summit on Security Strategies Against Advanced Cyber Threats in a Hyper Convergence Infrastructure Environment concluded this week, leaving attendees equipped with cutting-edge knowledge and actionable strategies for navigating the complex world of cloud security. Over two information-packed days, the summit brought together leading cybersecurity experts, industry pioneers, and IT professionals to
An imperative for the data-driven business: Integration and automation
For most businesses today, gaining a competitive advantage and optimising efficiency are critical against the backdrop of a difficult economic climate. According to Oracle, a top priority for chief operating officers in 2024 is to improve their application integration strategies. So how do you ensure that advantage? It lies in understanding automation and integration. While the
South Korea's EXIM Bank to Loan Funds for Uganda's Infrastructure Projects
South Korea's EXIM Bank will provide a loan to Uganda for infrastructure projects, with a focus on road and energy development, according to Reuters. However, the specifics of which projects will benefit from this funding have not been disclosed by the ministry. Experts warn that this new loan will exacerbate Uganda's growing debt, which stood
Fintech Startups Face High Costs Due to New KYC Requirements from Central Bank
Following significant changes to Know Your Customer (KYC) processes mandated by the Central Bank of Nigeria, fintech startups are now required to physically verify the addresses of POS agents offering agency banking services, as well as all other customers. This new requirement was a condition for lifting a six-week freeze on new customer onboarding, and
Lusaka Magistrates Court Sentences Cybercrime Ring Leaders to Long Prison Terms
The Lusaka Magistrates Court has handed down long prison sentences to the leaders of a large-scale cybercrime ring on Friday, according to The Star. Li Xianlin, identified as the leader of the crime ring, along with several other members, received prison sentences of up to 11 years. Gu Tianjiao, the sole female member of the
Over 100 Japanese Investors to Visit Tanzania Following Successful Investment Campaign
A recent report by Tanzanian newspaper, The Citizen, has revealed that over 100 Japanese investors are set to visit Tanzania in October. This development follows a highly successful investment campaign conducted by The Tanzania Investment Centre (TIC) in collaboration with the Tanzanian Embassy in Tokyo. The campaign, which began on May 27, 2024, and concluded
Tribunal Orders Multichoice Nigeria to Offer Free Subscriptions and Halts Price Increases
In a significant ruling, the tribunal has mandated Multichoice Nigeria to provide one-month free subscriptions on its DStv and GOtv services for Nigerian customers. On April 24, Multichoice Nigeria announced a 25% increase in subscription costs for its DStv and GOtv packages. This was the second price hike in six months, following a previous increase
Apple Unveils Ground-breaking AI Integration and Software Updates at WWDC
Apple’s annual Worldwide Developers Conference (WWDC) keynote concluded with a slew of exciting announcements, headlined by the company’s major foray into artificial intelligence, branded as Apple Intelligence. This significant move includes an integration with OpenAI’s ChatGPT, which users can opt to access via Siri. Key Announcements from the Event: Apple Intelligence: Apple is integrating its
FedEx Partners with People Matter Foundation to Address Water Shortage in Kanana, SA
Federal Express Corporation, one of the world's leading express transportation companies, has made a significant contribution to Kanana, a rural town in South Africa's Gauteng province, by donating two boreholes. This initiative aims to mitigate the town's severe water shortage issues. In partnership with the People Matter Foundation, this project addresses the persistent water supply
Kaspersky MDR named Champion in SoftwareReviews’ Emotional Footprint Report
SoftwareReviews crowned Kaspersky one of the Champions among the industry’s leading software providers for its Managed Detection and Response (MDR). According to the 2024 Emotional Footprint report, Kaspersky security service received outstanding customer feedback, with the highest possible scores for its conflict resolution and service experience. At the end of April SoftwareReviews, the in-depth source
Check Point Software announces 2024 Southern Africa Channel Partner Award Winners
BCX Mozambique and Mauritius Telecoms were major winners at the recent Check Point Software Southern Africa Channel Partner Awards, winning Partner of the Year and Regional Partner of the Year respectively. These awards showcase the achievements and dedication of the business's partners in the region, which have demonstrated exemplary commitment to cybersecurity excellence and customer service. “With cyber-attacks on
$5.4 trillion floods into 10 leading AI companies’ market cap since ChatGPT debut
Since OpenAI released its groundbreaking large language model (LLM) platform in late 2022, companies heavily involved in artificial intelligence (AI) have experienced a veritable renaissance. According to Finbold research, the 10 largest AI companies have seen their market capitalization skyrocket by $5.4 trillion in just over a year and a half and are now cumulatively worth $10.314
Ransomware Continues to Cause Mayhem as Victims are Unable to Recover 43% of Affected Data
Ransomware remains an ongoing threat for organizations and is the largest single cause of IT outages and downtime as 41% of data is compromised during a cyberattack, according to the latest Veeam® 2024 Ransomware Trends Report. The report reveals that only 57% of the compromised data will be recovered, leaving organizations vulnerable to substantial data loss and negative
MobileGPT (Pty) Ltd Launches Innovative Chatbot as a Service Platform KaraboAI
MobileGPT (Pty) Ltd, a pioneering company in chatbot technology, is excited to announce the launch of KaraboAI, a cutting-edge Chatbot as a Service (CAAS) platform. This innovative solution enables users to quickly create intelligent chatbots with various features and functionalities. KaraboAI is an evolution of MobileGPT, built by the same team that created the first-of-its-kind
Sungrow Empowers Dar Tifl Orphanage Foundation's Project
Sungrow, the global leading in PV inverters and energy storage system provider, reaffirms its commitment to sustainable development and responsible energy consumption by announcing its collaboration with local partners GSHK Solar and Nexans to support the Dar Tifl Orphanage in Marrakech, Morocco. Founded by His Majesty Mohamed V, the orphanage serves as a sanctuary and educational center for children
Record entries for Nedbank Pitch & Polish 2024 reflect growing entrepreneurial spirit in SA
The 2024 edition of the Nedbank Pitch & Polish competition has seen a significant surge in entries with more than 1 430 aspiring entrepreneurs vying for a chance to refine their business ideas and secure invaluable financial and non-financial support. This is almost double the 800 entries received in 2023 and is a trend that
NLC and CHIETA Forge Strategic Partnership to Enhance Grant Funding and Support
The National Lotteries Commission (NLC) and the Chemical Industries Education & Training Authority (CHIETA) are pleased to announce the signing of a Memorandum of Agreement (MOA) that establishes a strategic framework for collaboration and support aimed at enhancing the NLC’s grant funding processes and services. The MOA formalises a collaborative relationship between NLC and CHIETA,
Vox achieves Ruckus Elite Partner status
As part of efforts to bolster the full bouquet of offerings and solutions it can build for businesses in South Africa, leading internet service provider Vox has announced that it has achieved Ruckus Elite Partner status as of the 2023 calendar year. Having selected Ruckus Networks, which has been early to market with the launch