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Elon Musk's xAI to Open-Source ChatGPT Challenger Grok
Elon Musk's artificial intelligence start-up, xAI, is set to open-source its ChatGPT challenger, Grok, this week, as revealed by Musk on Monday. This move comes in the midst of Musk's recent lawsuit against OpenAI, the organization he co-founded in 2015 but departed from three years later, accusing it of deviating from its original non-profit mission
Bitcoin Miner Earnings Soar to Record Highs Amidst Crypto Market Resurgence
Bitcoin miners experienced a surge in earnings, reaching unprecedented levels last week, propelled by the ongoing momentum in the cryptocurrency market. On March 7, daily miner revenue hit an impressive $78.6 million, as reported by CryptoQuant, surpassing the previous peak in April 2021 during the last cryptocurrency bull market. This remarkable increase in miner revenues
Activision's Former CEO, Bobby Kotick, Interested in buying TikTok Amid Regulatory Struggles
Bobby Kotick, the former chief executive officer of video game giant Activision, has recently shown keen interest in acquiring the popular video content platform, TikTok. According to sources cited by the Wall Street Journal (WSJ), Kotick conveyed his interest to Zhang Yiming, the co-founder of ByteDance, TikTok's parent company. The potential deal is rumored to
The Purpose-Driven Future of Business
According to a study conducted by the Harvard Business Review, the majority of purpose-driven businesses (58%) witness a growth of at least 10% over a three-year period, surpassing the 42% growth rate of those with a less defined purpose. These compelling statistics, coupled with the increasing focus on wellbeing among Gen-Z and millennial workers, are
Veeam to Jointly Develop AI Solutions with Microsoft for Industry’s #1 Data Protection
Veeam® Software, the top leader in market share for Data Protection and Ransomware Recovery, has officially announced an extended five-year strategic partnership with Microsoft. This collaboration aims to drive innovation in customer protection by integrating Veeam’s product family with Microsoft Copilot and AI services. Beyond joint innovation efforts, the partnership will introduce data protection solutions
How to take advantage of retail trends in 2024
In 2024 and beyond, the most impactful strategy for retailers is recognizing that aspirations and consultative discussions have become more significant than current realities. To leverage the latest trends, retailers should stay grounded and collaborate with reliable partners to realize their technological ambitions. What does this mean? We all know that the future is ambient
A tough start to 2024 with another fuel hike on the cards
Fuel prices have nudged higher so far this year and unfortunately motorists will have to brace for another fuel price increase for March. According to the announcement published on 1 March 2024 by the Central Energy Fund (CEF), a state-owned energy company reporting to the Department of Mineral Resources and Energy, the price of diesel
EQDOM and AUTO24 join forces to simplify the process buying and financing used cars in Morocco
EQDOM and AUTO24.ma, key players in the consumer credit and automotive industries, have forged a partnership to enhance the used vehicle purchasing experience in Morocco, prioritizing a seamless user experience in the transaction process. The collaboration aims to deliver a digital, streamlined, and optimized buying journey, emphasizing customer satisfaction. Leveraging EQDOM's Saphir application, known for
Reddit Inc. and its investors aiming for a valuation of around R122 billion in their upcoming initial IPO
Reddit Inc. and its investors are aiming to raise up to $748 million in one of the most significant initial public offerings (IPOs) this year. The plan involves selling 22 million shares at a price range of $31 to $34 each, potentially valuing the social media platform at $6.5 billion. Notably, around 1.76 million shares
OpenAI's Board Transformation: Sam Altman Returns Alongside New Appointments
OpenAI, the prominent artificial intelligence research laboratory, has undergone a major restructuring, welcoming back Sam Altman to its board of directors. Altman, who previously served as the CEO, was reinstated several months after his departure. The board expansion also includes three new members: Sue Desmond-Hellmann, Nicole Seligman, and Fidji Simo, reflecting OpenAI's commitment to diversity.
Elon Musk's X Platform Set to Introduce Long-Form Videos on Smart TVs
In a recent announcement, entrepreneur Elon Musk revealed that long-form videos will soon be accessible on smart televisions through his social network platform, X. This follows a report by Fortune magazine stating that X plans to launch a TV app for Amazon and Samsung users in the upcoming week. Last October, X introduced an early
Apple Relents in Feud with Epic Games Under EU Pressure, Allowing Epic Store on iPhones
In response to mounting pressure from European regulators, Apple has taken a step back in its ongoing dispute with Epic Games, clearing the path for Epic to launch its own game store on iPhones and iPads in Europe. The move comes after Apple initially took measures to prevent Epic from establishing a store and reintroducing
Telecom Operators Drive 4G and 5G Adoption in Nigeria through Infrastructure Investments
Telecom giants MTN and Airtel are spearheading substantial infrastructure investments in Nigeria, resulting in a rapid transition of more Nigerians to 4G and 5G networks. MTN Nigeria's CEO, Karl Toriola, shared in a recent investor call that the company has experienced a 2.7% surge in the number of 4G sites, pushing the 4G adoption rate
Ghana Mourns the Loss of Deputy Finance Minister John Kumah
Ghana is in mourning following the untimely death of Deputy Finance Minister John Kumah. The 45-year-old lawmaker passed away in the early hours of Thursday in Germany, where he had been undergoing medical treatment for an undisclosed period. Sources close to the family confirmed the tragic news to private media house TV3 on Thursday, March
Griffin Bank Secures Banking License and Raises $24 Million in Extended Series A Round
UK-based Griffin Bank, founded by former Silicon Valley engineers David Jarvis and Allen Rohner, has recently obtained a banking license approximately one year after initiating the application process. This significant development signifies approval from the UK's financial services regulators, the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA), allowing Griffin Bank to transition
Microsoft Faces Ongoing Threat as Russian Hacking Group Expands Attacks
In a recent revelation, Microsoft has disclosed an alarming escalation in the activities of a Russian state-sponsored hacking group known as Midnight Blizzard. Initially identified by Microsoft in January, this group has extended its unauthorized access, attempting to compromise the company's source code and internal systems, leveraging sensitive data stolen from Microsoft executives. Midnight Blizzard,
S Mobile Group Founder, Kingsley Adonu, Plans to Launch S Mobile Tech Hub in Enugu State
Kingsley Adonu, a distinguished serial entrepreneur and the founder/chairman of S Mobile Group, has recently announced groundbreaking plans to establish an innovation center in Enugu State, named the S Mobile Tech Hub. This visionary initiative is part of S Mobile Group's corporate social responsibility (CSR) efforts, aiming to foster skills development, youth entrepreneurship, and job
ITU Secretary-General has appointed inaugural Youth Advisory Board
Doreen Bogdan-Martin, Secretary-General of the International Telecommunication Union (ITU), has revealed to Business Tech Africa that it has announced the formation of her first Youth Advisory Board composed of 12 young digital experts and innovators aged 18 to 30. Representing different regions spanning the globe, these entrepreneurs, policy-makers, researchers and scientists will combine their expertise in
Rivian's Strategic Shift: Unveiling the Affordable R2 Electric SUV Amidst Business Challenges
When RJ Scaringe embarked on building Rivian Automotive Inc., his vision excluded a paint shop and stamped metal, aiming for cost-effective production in an industry dominated by corporate giants. However, Rivian's journey took an unexpected turn, resulting in the launch of high-end trucks — the R1S SUV and R1T pickup. Despite financial challenges and recent
Vodacom South Africa and Microsoft Collaborate to Provide Free Digital Training on Mzansi Digital Learning Platform
Vodacom South Africa has joined forces with Microsoft South Africa to offer complimentary access to digital training courses through the zero-rated Mzansi Digital Learning platform. The Mzansi Digital Learning platform will be hosted on Vodacom’s innovative NXT LVL rewards platform and seamlessly integrated into ConnectU, Vodacom’s zero-rated platform that grants customers access to content without