Technology
“Check your name”: NSIA selects 10 Nigerian companies to win N330m in accelerator programme
Nigeria Sovereign Investment Authority (NSIA) has shortlisted 10 companies and start-ups for its accelerator prgrammme to win N330 million in prize money.
Chinese AI market optimistic despite scrutiny from West
China's AI sector showed confidence this week at a major fair in Shanghai that it would overcome restrictions imposed by the West, with companies rolling out cutting-edge products developed by a growing pool of young talent.
Samsung Electronics forecasts major Q2 profit jump
Samsung Electronics said Friday it expects second-quarter operating profits to rise more than 15-fold on-year as chip prices bounce back and demand for generative AI continues to grow.
Nigeria set to charge 7.5% VAT on crypto assets after banning Binance
The Nigerian government is set to begin charging VAT on cryptocurrency transactions, beginning July 2024, according to an email from KuCoin, crypto platform
Threads hits 175 mn users on first anniversary
Threads, Meta's alternative to X (formerly Twitter), has hit 175 million monthly users a year after its out-of-the-blue launch. Threads, which hit app stores on July 5 last year, is a spin-off of Instagram and is intended to be a rival to X, formerly known as Twitter, after that platform alienated many users and advertisers following Elon Musk's purchase in 2022.
“Prepare for future growth”: MTN chooses Nigeria to build biggest data center in West Africa
MTN Nigeria has announced that it was constructing the largest data center in West Africa within the country, a Tier 4 facility with 1,500 racks.
Microsoft to invest 2.2 bn euros in Spain data centres
Microsoft is to invest 2.2 billion euros ($2.4 billion) in a huge data centre project in northeastern Spain, regional authorities said Wednesday as the area seeks to establish itself as a cloud storage hotspot.
More competition for MTN, Glo, others as Elon Musk introduces low-cost mini Starlink dish in Nigeria
The Starlink Mini dish is a cutting-edge device that looks to transform internet accessibility, particularly in impoverished places, is scheduled for launch.
Indonesia launches first EV battery plant
Indonesia launched its first electric vehicle battery plant on Wednesday, President Joko Widodo said, as Southeast Asian countries move to gain a foothold in the emerging industry. The plant is part of a $9.8 billion electric vehicle battery deal signed between Indonesia and LG in 2020.
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