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Google Software Engineer Charged with Trade Secrets Theft for Chinese AI Development
A Chinese software engineer employed by Alphabet Inc.'s Google, Linwei Ding, is facing charges from the US Justice Department for allegedly stealing trade secrets related to artificial intelligence (AI) development from Google's supercomputing data centers. Ding, a 38-year-old Chinese national residing in Newark, California, was hired by Google in 2019 and is accused of four
Apple goes to war with Epic Games in the EU
Apple stopped Epic Games from opening its own app store for iPhones in Europe. Epic Games, known for Fortnite, says Apple did this because Epic criticized Apple and broke the new antitrust rules in the region. Apple cancelled Epic's account that they use to make and develop things. This means Epic can't bring Fortnite and
Egypt Secures $8 Billion IMF Bailout Deal to Address Economic Challenges
In a significant development, Egypt announced on Wednesday that it has successfully negotiated a deal with the International Monetary Fund (IMF) to increase a bailout loan to $8 billion. Prime Minister Moustafa Madbouly shared this news during a televised statement, highlighting the culmination of months-long discussions between Egypt and the IMF to augment the existing
Zambia's Ongoing Debt Challenges and China's Pivotal Role in African Trade
Zambia continues to grapple with significant debt challenges, with nearly $7 billion pending resolution, even after a deal with bilateral lenders last year addressed over $6 billion. The remaining $7 billion debt is owed to bondholders and commercial banks, and Zambia's pursuit of debt relief has been a protracted and challenging journey. Despite a deal
Mimecast Announces Protection for Microsoft SharePoint and OneDrive Solutions
Mimecast, a company focused on advanced email and collaboration security, has introduced Mimecast® Protection for Microsoft SharePoint and OneDrive. This follows the launch of Mimecast® Protection for Microsoft Teams last year. These new offerings aim to enhance Mimecast customers' ability to work securely across various collaboration tools that play a crucial role in the modern
Aliko Dangote Explores Oil Trading Venture Amidst Refinery Operations
Africa's richest person, Aliko Dangote, is thinking about doing something new and ground-breaking. He is looking to create a special part of his business that trades oil. This part could be in London and help with the work of his big oil refinery in Nigeria. This decision might push aside big global trading companies that
Five ways startups can impress investors during due diligence
In 2023, the African venture capital (VC) landscape faced a significant downturn, with a total of $3.5 billion raised from 547 deals. This marked a substantial decline of 46% in total funding and 28% in deal count compared to the previous year. This downturn represents a crucial phase in the relatively new and turbulent journey
OpenAI Responds to Elon Musk's Lawsuit, Alleges Attempts to Influence Company's Direction
OpenAI has responded to Elon Musk in a blog post about a lawsuit filed by Musk against the company, its CEO Sam Altman, and president Greg Brockman. Musk, who helped start OpenAI but is not involved anymore, says the organization has moved away from its goal of making responsible AI. In the blog post, OpenAI
Concerns Arise as Facebook Ceases News Content in Various Markets Amidst Global Regulatory Scrutiny
A group in South Africa that studies media issues is worried about Facebook's recent choice to stop showing news in some places. They're concerned because many countries are looking into whether big tech companies are making too much money from sharing news without spending on creating it. A person named Michael Markovitz, who has a
Sungrow's Game-Changing 3-Phase Inverter Launching in South Africa Soon
Business Tech Africa is getting ready to redefine your energy experience as Sungrow, the global leading global provider of clean energy solutions, prepares to unveil its highly anticipated 3-phase inverter in South Africa. With one of the most extensive portfolios of residential inverters on the market, ranging from 15kW to 200kW, Sungrow is set to
MDaaS Global, a health tech firm, secures $3 million to broaden its services across Nigeria
Nigerian health tech company, MDaaS Global has managed to raise $3 million in a funding round before its Series A funding. The investment was led by Aruwa Capital Management and Newtown Partners, with additional funding from Ventures Platform. This brings MDaaS Global's total investment to $6.8 million. The company plans to use the funds to
CIPS conference and award ceremony to showcase Africa’s procurement and supply excellence
The CIPS Africa Transform & Thrive 2024 Conference, which includes the Excellence in Procurement and Supply Awards, will offer a not-to-be-missed opportunity for engagement, growth and innovation as industry leaders, decision-makers, and experts gather to discuss and shape the future of procurement and supply on the continent. The conference, being held at The Houghton Hotel
Experian Study Investigates the Influence of AI on Customer Experience
According to recent research* conducted by Forrester Consulting on behalf of Experian, and shared with Business Tech Africa, 65% of surveyed business leaders believe that Artificial Intelligence (AI) has positively transformed their customer experience. The study further reveals that AI is driving faster and more accurate decisions, personalised offers, and instant access to support. Francois
Google Targets SEO-Driven Low-Quality Pages and Spam with Latest Search Update
Google has decided to take a stand against the SEO industry, which has been manipulating search rankings and diminishing the value of Google Search results. Many times, users searching for product recommendations, reviews, deals, or discounts are met with low-quality or spammy websites that fail to deliver on their promises despite having high rankings. Google
Meta experienced a significant outage on Super Tuesday, causing Facebook, Instagram, and Threads to go offline
Yesterday the online world went into a frenzy when Meta's A-list social apps—Facebook, Instagram, and Threads went offline. Users tried to crash this happening event, but all they got were fancy error messages reading "something went wrong," leaving their VIP access cards useless. After 10 a.m. ET speculation was everywhere on social media, with user-submitted
Major challenges ahead for BMW, Mercedes-Benz, and other luxury car brands in South Africa
Currently in South Africa, fancy car sales are struggling because the economy is not doing well, interest rates are high, and fuel prices keep going up. People are avoiding expensive cars and choosing more affordable ones, especially new Chinese cars. The overall car industry in South Africa is having a tough time. The most recent
Africa’s ‘female firsts’ get a KFC shoutout for International Women’s Day
A list of 53 remarkable women who defied the odds is being celebrated as part of International Women's Day 2024. KFC Africa curated this list, featuring one woman for each year the company has been present in Africa. These inspiring individuals, such as Akhona Qengqe, are pioneers in their respective countries, having triumphed over educational,
AWS announces unrestricted free data transfers to other cloud providers
Exciting news from Amazon's cloud computing dynamo, AWS! Get ready to break free as AWS proudly announces that customers can now dance their data out of the ecosystem without any "egress fees" hanging around. This game-changing move takes a cue from the cloud giants, with Google leading the charge just a couple of months ago.
Review: The Lenovo Legion LOQ changing the gaming experience
Step right into the gaming world with Lenovo's freshest creation, the Lenovo Legion LOQ – a powerhouse that's as exciting as a roller coaster ride! Buckle up as we took this beast for a spin to uncover the gaming magic it brings to the table. Let's talk aesthetics – the design is so sleek it
Amazon and Microsoft actively recruiting in South Africa
The major international tech companies, including Amazon, Google, and Microsoft, are actively recruiting individuals in South Africa for a number of roles, with Amazon leading the way by advertising 74 job opportunities. Microsoft and Google have less aggressive hiring drives, with 11 and three available positions, respectively. These global giants collectively employ nearly two million