Author: Staff Writer

In a move that could redefine the visual content landscape, Getty Images and Shutterstock have announced plans to merge under the new corporate name Getty Images Holdings, Inc. As Getty Images approaches its 30th anniversary, this merger represents a significant consolidation of two industry giants and signals an exciting future…

In a significant shift, Meta has announced sweeping changes to its content moderation policies, signaling a renewed commitment to free expression across its platforms, including Facebook, Instagram, and Threads. The move comes amid criticism of over-enforcement and claims of bias in Meta’s current moderation practices, which the company says have…

Multinational steel giant ArcelorMittal has announced the closure of two steel manufacturing plants and a rail production subsidiary in South Africa. This decision, which will impact approximately 3,500 direct and indirect jobs, is being attributed to unsustainable market conditions, including low steel prices and global overcapacity. The closures will affect…

At the ongoing CES, Nvidia unveiled Project Digits, a personal AI supercomputer designed to handle AI models with up to 200 billion parameters. Set to launch in May 2025, this compact powerhouse is built around the new GB10 Grace Blackwell Superchip, a marvel of engineering that delivers the performance needed…

Microsoft has announced plans to invest $80 billion in AI-enabled data centres by the end of its fiscal year in June 2025, a move underscoring the massive capital demands of artificial intelligence (AI) and the intensifying global competition between the United States and China in advanced technologies. The Vice Chairman…

The Central Bank of Nigeria (CBN) has embarked on a bold restructuring initiative, marking a significant shift towards digitization. As part of this transformation, 1,000 employees have voluntarily exited the institution, reflecting the bank’s efforts to align its workforce with the demands of a tech-driven banking model. This development, confirmed…

Singapore-based agribusiness powerhouse Olam Group has confirmed receiving a proposal from the Saudi Agricultural and Livestock Investment Company (SALIC) to acquire the remaining stake in its agribusiness arm, Olam Agri. This follows SALIC’s 2022 acquisition of a 35.4% stake in Olam Agri for $1.24 billion, as part of a Strategic…

Apple has reached a $95 million settlement to resolve a class-action lawsuit alleging that its Siri voice assistant violated users’ privacy. The settlement, filed in Oakland, California, awaits approval from U.S. District Judge Jeffrey White and marks the conclusion of a decade-long controversy over Siri’s inadvertent recording of private conversations.…

Egypt-based edtech-focused VC EdVentures, the investment arm of Nahdet Misr, has announced significant six-digit investments in two high-potential startups, Schoolz and Ibn Sina Training Academy, through its innovative EdTech Ventures Studio (EDVS) program. This funding marks a significant step forward in EdVentures’ mission to foster a thriving EdTech ecosystem, expanding…

Spotify, the global audio giant with over 640 million users and more than 250 million subscribers, is setting new standards for creator monetization and audience engagement. In a move to strengthen its position as a creator-first platform, Spotify has officially rolled out the Spotify Partner Program, a groundbreaking monetization system…

As we approach 2025, the African tech landscape is poised for significant transformation. Africa is having a rapidly growing tech ecosystem that is attracting global attention. The continent’s unique challenges and opportunities have positioned it as an exciting frontier for innovation. From mobile payments to AI-driven solutions, here’s what to…

As the calendar flips to 2025, Apple TV+ is giving viewers a gift to kick off the new year in style: a free weekend of streaming from January 3 to January 5. For three days, anyone with an Apple ID can access the streaming service’s entire library on any device…

In a significant move to bolster female entrepreneurship across Africa, the International Finance Corporation (IFC) and Goldman Sachs have announced a new partnership with nine African banks to expand the Goldman Sachs 10,000 Women initiative. IFC Launched in 2008, this program aims to provide women entrepreneurs worldwide with access to…

ChatGPT, Sora, and OpenAI’s developer-facing API experienced a significant outage on Thursday, lasting over four hours. OpenAI reported the issue began around 8 p.m. WAT, and services gradually started coming back online around midnight. This marks the second outage for ChatGPT this month. During the downtime, InnovationVillage got error messages…

In a landmark move set to reshape Japan’s auto industry, Honda and Nissan have announced plans to merge under a single holding company by 2026. This bold step aims to counter the mounting challenge posed by Chinese electric vehicle (EV) manufacturers and global EV leaders like Tesla, highlighting the urgent…

Chinese e-commerce giant Alibaba has officially launched its operations in Morocco, marking a pivotal step in its strategy to establish a presence in Africa. The move is aimed at empowering Moroccan businesses, particularly small and medium-sized enterprises (SMEs), to expand their reach into international markets, with a significant focus on…

In a significant achievement for the messaging giant, Telegram has officially crossed into profitability, marking 2024 as a milestone year. According to a recent X post by CEO Pavel Durov, the platform has not only seen explosive growth in its subscriber base but also demonstrated its ability to generate substantial…

Elon Musk’s X (formerly Twitter) has revealed a global price increase, resulting in a higher cost for Premium+ users in Nigeria. Nigerians will now pay N34,000 per month, up from the previous rate of N22,550, translating to a 51% increase. According to “X” in a blog post, it updated the…

PBR Life Sciences, a groundbreaking healthcare startup, has announced its $1 million pre-seed funding round backed by a host of prominent investors, including Launch Africa Ventures, Microtraction, Kaleo Ventures, Octerra Capital, Marula Square, XA Africa, ARM Labs, and Techstars. This announcement was made by CEO, Ayodeji Alaran in a LinkedIn…

After months of decline, Nigeria’s mobile subscription base has rebounded, reaching 157.3 million active lines in October 2024, up from 154.6 million in September. This recovery marks a significant milestone for the telecommunications sector, which has faced challenges stemming from regulatory audits and the implementation of the NIN-SIM linkage policy.…