Author: Staff Writer

The U.S. Securities and Exchange Commission (SEC) has charged Nigerian auditor Olayinka Oyebola and his accounting firm, Olayinka Oyebola & Co., with aiding and abetting a large-scale securities fraud orchestrated by businessman Dozy Mmobuosi and his U.S.-based companies, collectively known as the Tingo entities. This comes in the wake of…

Microsoft has introduced a major overhaul to its Copilot AI assistant, transforming it into a more personalized and interactive tool with new voice and vision capabilities. This update aims to make Copilot a more engaging and supportive companion, enabling users to interact with AI in ways that feel natural, helpful,…

WhatsApp is making strides to enhance its video calling experience with the introduction of filters and backgrounds, positioning itself as a strong competitor to established videoconferencing platforms like Zoom. With over two billion users across 180 countries, the Meta-owned messaging app is already the largest in the world, and these…

SoftBank is reportedly planning a $500 million investment in OpenAI, the artificial intelligence firm behind ChatGPT, as part of the company’s broader efforts to expand its AI portfolio. According to a report by The Information, the Japanese telecom and tech conglomerate is making this investment at a time when OpenAI…

SpaceX’s Starlink satellite internet service has reached a significant milestone, surpassing 4 million customers worldwide, according to SpaceX President Gwynne Shotwell. This achievement, confirmed by SpaceX, reflects the service’s rapid growth trajectory since its launch in October 2020. With an ever-expanding constellation of nearly 6,000 satellites, Starlink is now available…

The European Union is taking a significant step towards reshaping the payments industry with the rollout of Wero, a new platform designed to rival the dominance of Visa and Mastercard. For years, European governments and financial institutions have expressed concern over the reliance on U.S.-based companies to process a vast…

Changpeng “CZ” Zhao, the founder of Binance, has been released from U.S. custody after completing a four-month sentence in a low-security correctional facility. CZ’s imprisonment stemmed from a federal investigation that revealed Binance, the world’s largest cryptocurrency exchange, had been involved in facilitating illegal activities on its platform. The investigation…

Ireland’s Data Protection Commission (DPC) has announced a €91 million fine against Meta Platforms Ireland Limited (MPIL) following an inquiry into the company’s handling of user passwords. This decision marks a significant development in the enforcement of the General Data Protection Regulation (GDPR), highlighting the importance of secure data handling…

In a move to reduce transportation costs and promote sustainable mobility, the Nigerian government, through the Presidential Compressed Natural Gas Initiative (PCNGi), is set to distribute 2,000 compressed natural gas (CNG)-powered tricycles to young people in the transportation sector. The distribution will commence on October 1st, 2024, in Abuja at…

The Africa Finance Corporation (AFC) will provide project development funding for Itana and plans to take the lead in financing the first phase of the Itana project, which has an estimated budget of approximately $100 million. Nigeria is taking a significant leap toward becoming a global technology hub with the…

Xiaomi has officially launched its newest flagship smartphone series, the Xiaomi 14T Series, which is tailored for photography enthusiasts seeking top-notch imaging features. This new lineup focuses on revolutionizing smartphone photography, with a special emphasis on delivering exceptional night-time shots. Enhanced by cutting-edge AI technology, users of the Xiaomi 14T…

US drugmaker, Pfizer has announced the withdrawal of its sickle cell disease treatment, Oxbryta (voxelotor), from all markets where it had been approved. This move comes after concerns emerged about the drug’s safety, specifically an increased risk of serious complications and fatalities. Pfizer acquired Oxbryta through its $5.4 billion purchase…

Meta AI is making waves, with over 400 million people already using it, and 185 million engaging with it across Meta’s platforms each week. Now, Meta AI is leveling up with new updates that make interacting with the virtual assistant more engaging, intuitive, and fun. One of the biggest upgrades…

OpenAI, the company behind ChatGPT, is reportedly planning a major restructuring of its core business to shift from a non-profit-controlled organization to a for-profit benefit corporation, according to sources familiar with the discussions. This move could make OpenAI more attractive to investors and provide a clearer path for growth, while…

At the annual Connect event, Mark Zuckerberg unveiled a significant breakthrough—Meta’s first pair of true AR glasses, named Orion. These revolutionary glasses, which were previously known under the codename “Project Nazare,” mark a new chapter in augmented reality technology, pushing the boundaries of what’s possible in consumer electronics. The Most…

Mira Murati, OpenAI’s Chief Technology Officer (CTO), has announced her departure from the company in a post on the social media platform “X.” According to her, “After much reflection, I have made the difficult decision to leave OpenAI. My six-and-a-half years with the OpenAI team have been an extraordinary privilege”…“There’s…

OpenAI has introduced Advanced Voice Mode (AVM) to a broader group of ChatGPT’s paying customers, starting with Plus and Teams users. This feature, designed to make interactions with ChatGPT feel more conversational, will also be available to Enterprise and Edu customers next week. The AVM update includes a refreshed design,…

OpenAI has announced the launch of the OpenAI Academy, an initiative designed to equip developers and mission-driven organizations with the tools, skills, and resources to harness the transformative power of artificial intelligence (AI). The Academy aims to help address critical challenges faced by communities, especially in low- and middle-income countries,…

ByteDance has revealed that it will shut down TikTok Music, its global music streaming platform, by November 28, 2024. This decision comes after encountering a range of strategic hurdles, including difficulties in securing music catalogs from major record labels and a shift in focus from the company itself. A notice…

Meta has unveiled the recipients of its 2023 Llama Impact Grants and Llama Impact Innovation Awards, a program launched in October 2023 aimed at promoting innovative uses of Llama 2 and Llama 3 AI models to address critical social issues. With more than 800 submissions from organizations spanning 90 countries,…