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A.P. Moller-Maersk A/S in a legal battle with Transnet over procurement process
A.P. Moller-Maersk A/S is embroiled in a legal battle with South Africa's state logistics entity, Transnet, over the procurement process to secure a partner for the development of sub-Saharan Africa's largest container port. The contract was awarded to International Container Terminal Services Inc. (ICTSI), granting them nearly half ownership and operational rights for 25 years
Africa Data Centres Begins Construction of 12MW Solar Farm in Free State
Africa Data Centres (ADC) has initiated the construction of a 12MW solar farming facility in the Free State region, marking a significant step towards bolstering its energy sustainability initiatives. The facility, set to be completed within the next 12 months, will supply power to ADC's data centres in Johannesburg and Cape Town under a 20-year
Zimbabwe Launches New Currency ZiG in Bid to Stabilize Economy
In a bid to address the ongoing currency crisis and economic challenges plaguing the nation, Zimbabwe introduced a new currency, ZiG, on Friday, replacing its struggling predecessor. The move aims to curb the depreciation and rejection of the previous currency by the populace, marking a significant step towards stabilizing the country's financial landscape. Governor of
Microsoft Establishes London Hub for Consumer AI Division
Microsoft has unveiled plans for a new London hub dedicated to its burgeoning consumer AI division, with Jordan Hoffmann leading the initiative. Hoffmann, an AI scientist and engineer, was recently recruited from the high-profile AI start-up Inflection AI, which Microsoft invested in last year. This announcement follows closely on the heels of Microsoft CEO Satya
X Expands Access to xAI's Grok Chatbot for Premium Users
Social Network X is expanding access to xAI's Grok chatbot, extending its availability to Premium tier subscribers following an announcement by Elon Musk last month. The company disclosed on its support page that only Premium and Premium+ users in select regions will have the opportunity to interact with the chatbot. Previously, xAI introduced Grok exclusively
Snapchat Adjusts Solar System Feature Amid Teen Anxiety Concerns
In response to growing concerns about the impact of its "solar system" feature on teen anxiety, Snapchat has taken steps to adjust how the feature operates, less than a week after The Wall Street Journal highlighted its potentially detrimental effects. The solar system feature, previously used to rank paid subscribers in relation to their Snapchat
SAP Faces Scrutiny Over Allegations of Sanctions Evasion and Bribery Scandals
SAP currently finds itself embroiled in controversy amid allegations of sanctions evasion and bribery scandals spanning multiple jurisdictions. The latest uproar stems from revelations that SAP purportedly employed code names and established a shelf company in Botswana to sidestep European Union (EU) sanctions imposed on the Zimbabwean government in the early 2000s. According to reports
Apple Unveils ReALM: A Next-Generation Language Model
Apple is poised to revolutionize the landscape of artificial intelligence (AI) with its latest innovation: ReALM, a cutting-edge large language model (LLM) that rivals the performance of the esteemed GPT-4 while prioritizing contextual understanding. Named ReALM, which stands for Reference Resolution As Language Modelling, this ground-breaking technology represents a significant advancement in AI chatbots' ability
Egypt Braces for Inflation Surge Amid Economic Turbulence
Inflationary pressures are mounting in Egypt, with forecasts indicating a surge in March as the country grapples with the repercussions of a currency devaluation, interest rate hike, and fuel price increase earlier in the month. A recent poll conducted by Reuters revealed that annual urban consumer inflation is anticipated to rise by 0.6 percent to
IMF Assessing Impact of African Drought, Pledges Support Amid Emergencies
The International Monetary Fund (IMF) has announced its commitment to assessing the ramifications of a severe drought sweeping across Africa, while concurrently strategizing ways to extend assistance to the affected nations. This declaration arrives in tandem with the proclamation of national emergencies by several African countries in response to the dire drought conditions. In a
Spotify Introduces AI-Powered Playlist Creation Feature
Spotify continues to innovate in the realm of artificial intelligence (AI) integration within its platform. Following the success of its AI DJ feature, Spotify has now introduced AI playlists into beta, offering users a novel way to curate personalized playlists based on written prompts. This latest feature, unveiled on Monday, marks a significant step forward
MultiChoice Forms Independent Board to Consider Canal+ Offer
MultiChoice, a major player in South Africa's broadcasting and entertainment landscape, has taken a significant step in response to Groupe Canal+'s recent offer to acquire the remaining shares of the company. In a move aimed at ensuring transparency and careful consideration, MultiChoice has announced the establishment of an independent board tasked with evaluating Canal+'s proposal,
HONOR changes website domain to honor.com
HONOR has officially announced that its website domain name, hihonor.com, has now transitioned to honor.com – effective immediately. Three years ago, HONOR commenced operations as a fully independent brand. After finding its footing in a highly saturated, competitive landscape – HONOR is now ready to take its spot as a leader in the AI-driven smartphone sector, and renaming its domain in
Safeguarding Your Digital Assets All Year Round
Data breaches are becoming increasingly prevalent, and World Backup Day served as an important reminder of the critical importance of protecting our digital assets. Statistics reveal that 21% of individuals have never backed up their data, leaving them vulnerable to loss or theft. Every minute, an alarming 113 phones are either lost or stolen, potentially compromising sensitive
HOW AI TOOLS ARE TRANSFORMING COACHING IN SA
Lee-Ann Drummond, Head of Management and Leadership Faculty at SACAP (the South African College of Applied Psychology), a prominent coach education provider, notes, 'Coaches, like everyone else, aim to enhance efficiencies and improve performance to better serve clients. AI solutions for coaches are emerging to handle routine administrative tasks, allowing coaches to devote more time
Why should you care about property valuation and inspection?
When purchasing a home, the bank conducts a valuation to ensure the offered price aligns with market standards, preventing overpayment or underselling. Angela Glover, Head of Product at FNB Home and Structured Lending, explains that valuations may occur physically, through a professional's assessment, or virtually, utilizing industry data and models. However, this evaluation solely focuses
Alphabet Explores Potential Bid for HubSpot in Mega-Deal Move
Alphabet, the parent company of Google, is reportedly considering a significant bid for HubSpot, an online marketing software firm valued at approximately US$35 billion, according to sources familiar with the matter. If Alphabet moves ahead with the offer, it would mark a rare instance of a major technology corporation venturing into a mega-deal landscape, especially
BURN Manufacturing Secures Carbon Project Investment
BURN Manufacturing, a renowned global player in producing and distributing clean cookstoves while developing carbon projects, has announced a significant milestone with the successful acquisition of a subsequent carbon project investment from Key Carbon Ltd. (formerly known as CNR “Carbon Neutral Royalty”). This investment, supported by Cartesian, a prominent private equity firm specializing in decarbonization
Inclusion of Women in Technology for South Africa’s Economic Growth
This past International Women’s Month, we celebrated the progress made in advancing women in technology to take up space in the areas previously barred by gender biases. Undeniably, we still have a long way to go to see the true demographic reflection across industries. The representation of women in technology remains minimal; for every woman
X Users Warned of Potential Follower Count Reductions
In a bid to cleanse its network from spam accounts and bots, X is gearing up for a significant initiative that could impact user follower counts. Through an announcement from X’s Safety account, the company disclosed its proactive move scheduled to commence on Thursday. The initiative aims to eradicate accounts found in violation of X’s