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Ex-Binance CEO sentenced to four months in jail
Tech

Prosecutors demand Binance CEO remains in US for trial

United States prosecutors urged a federal judge on Wednesday to order Binance Holdings founder and former CEO Changpeng Zhao to stay in the United States prior to his sentence hearing on February 23, 2024, according to a court document. On Wednesday, the U.S. Justice Department pleaded with the judge to order Zhao to remain in […]

FG, private sector to launch AI fund in Nigeria
Business

FG, private sector to launch AI fund in Nigeria

The Federal Government of Nigeria is attempting to establish an Artificial Intelligence fund in order to boost the country’s technological capacity, and it is looking to the business sector for assistance. The Times reported that this was revealed by the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, at the Zenith Bank Tech Fair 2023 […]

FG, UN raises $5bn yearly to tackle poverty
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FG, UN raises $5bn yearly to tackle poverty

The Federal Government, the United Nations, and other development partners will generate $5 billion every year for Nigeria’s Humanitarian and Poverty Alleviation Trust Fund, according to the Ministry of Humanitarian Affairs and Poverty Alleviation on Wednesday. According to The Punch, it stated that in addition to the government, development partners, UN agencies, and embassies, other parties also […]

Amperion Power Distribution Company Limited,
Business

Geregu majority shareholder sells one million shares

Geregu Power Plc’s biggest stakeholder, Amperion Power Distribution Company Limited, has sold one million units in a cross-deal stock sale. The Punch reported that this transaction happened on Monday, according to a corporate notice that was submitted to the Nigerian Exchange Limited on Wednesday. Geregu Power Shares valued at N399 per unit were traded for one million units, […]

EU moves to eliminate child porn from internet
News Tech

EU moves to eliminate child porn from internet

EU legislators on Wednesday, reached a consensus on draft regulations mandating Alphabet’s Google, Meta, and other internet companies to detect and eliminate child pornography from the internet. The European Commission’s draught rule on child sexual abuse material, which was put up last year, has caused controversy among proponents of online safety measures and privacy campaigners […]

Maritime workers reject FG’s plans to re-float NNSL
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Maritime workers reject FG’s plans to re-float NNSL

The Maritime Workers Union of Nigeria, has rejected the Federal Government’s efforts to re-float the Nigeria National Shipping Line, NNSL, 28 years after it was liquidated by Olusegun Obasanjo’s administration. The union contended that the government that shut down the national carrier 28 years ago still owes benefits to disengaged and other former workers of […]

Oil and Gas

Brent crude drops to $78 after OPEC meeting postponement

A barrel of Brent crude dropped to $78 after the Organisation of Petroleum Exporting Countries declared on Wednesday, November 22, that the oil producer conference originally slated for November 26 had been rescheduled for November 30. The Times reported that following the announcement, the price of Brent crude fell to $78 per barrel; as of 3:40 […]

Binance halts support for USDC stablecoin on Tron blockchain
News Tech

Investors pull $956m from Binance after Zhao’s resignation

Investors on Binance have about $956 million from crypto exchange in the past 24 hours, data firm Nansen reported on Wednesday. The move comes a day after its chief, Changpeng Zhao, stepped down and pleaded guilty to breaking U.S. money laundering laws. The data only includes flows on the ethereum blockchain, Nansen analysts said. Changpeng […]

How to apply for FG startup support
Business

How to apply for FG startup support

        The Federal government has inaugurated the Startup Support and Engagement Portal, a pivotal component essential for executing the Nigeria Startup Act. This announcement was made by the Minister of Communications Innovation and Digital Economy, Bosun Tijani, via his X account on Wednesday. He wrote, “The startup portal will drive the identification […]

OpenAI introduces voice chats
News Tech

OpenAI introduces voice chats

OpenAI has introduced voice chats for ChatGPT on Android and iOS giving users the option to have conversations with the chatbot for free. However, the service was initially limited to Plus and Enterprise subscribers by the corporation, with the understanding that other user categories would ultimately be allowed to access it. President of OpenAI, Greg […]

A simple question posed on X (formerly Twitter) has sparked a curious debate about digital etiquette — and its potential cost. One user asked, “I wonder how much money OpenAI has lost in electricity costs from people saying ‘please’ and ‘thank you’ to their models.” OpenAI CEO Sam Altman chimed in with a characteristically dry reply: “Tens of millions of dollars well spent — you never know.” While Altman’s response was clearly tongue-in-cheek, it opened up a broader conversation: does politeness to artificial intelligence come with a price tag? Technology site Futurism picked up the exchange, musing on whether pleasantries like “please” and “thank you” — often directed at ChatGPT and other AI tools — might be not only unnecessary but also wasteful in terms of time and computing power. But not everyone sees it as a pointless gesture. Kurt Beavers, a design director on the Microsoft Copilot team, suggested there’s more to digital politeness than meets the eye. According to Beavers, polite inputs from users can influence tone and outcomes. “Using polite language sets a tone for the response,” he said. “When an AI model clocks politeness, it’s more likely to be polite back.” In other words, AI might be mirroring more than just words — it could be taking cues from human manners, too. Still, while some users embrace courteous phrasing as part of interacting with AI in a more “human” way, others argue it’s just another habit formed in a world of voice assistants and automated replies — or perhaps even a subconscious hedge against a sci-fi-style future where machines remember how we treated them.
News Tech

OpenAI constitutes new board after Altman’s return

OpenAI has constituted a new board after the return of ex-CEO, Sam Altman as the CEO of the AI startup. Former Salesforce co-CEO Bret Taylor, former Treasury Secretary and Harvard University president Larry Summers, and Quora CEO Adam D’Angelo make up the new board. D’Angelo was formerly a member of the OpenAI board of directors. […]

Certified project managers earn 60% more than uncertified – Survey
Business

Certified project managers earn 60% more than uncertified – Survey

Certified project managers in Nigeria earn 60% more money than their non-certified counterparts, according to the Project Management Institute Salary Survey. The Punch reported that the 13th edition of PMI’s Earning Power Survey was released this week which shows that respondents who held a Project Management Professional certification made, on average, 33% more money than those who did […]

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