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Trariff hike: Produce financial report, tribunal orders Multichoice
Business

Naira devaluation: Multichoice records $72.4m net loss

MultiChoice Group Ltd. has announced a third straight semi-annual loss of 1.32 billion rand ($72.4 million) for the six months that ended on September 30 The biggest pay-TV provider in Africa blamed the financial setbacks on ongoing power disruptions in South Africa and problems with foreign exchange in Nigeria in a filing on Wednesday. The company claimed that the […]

Meta scraps fact-checking program, introduces X-like community notes feature
News Tech

Meta launches AI-editing tools

Meta has launched two new AI-powered video editing tools that can be used to modify videos for Facebook or Instagram posts. The first is called Emu Video, and it creates videos that last four seconds when given a caption, picture, or image and a description, while the other is Emu Edit which makes it easier […]

How Edo IGR rose by 40% to N62bn in 2023 - Panel
Economy

Edo’s GDP grows by 140% in seven years

The GDP of Edo State expanded by 140% in just seven years, from $10.6 billion to $25.8 billion, according to the chairman of the board of trustees of Alaghodaro Economic Summit Ltd/Gte, Dr. Asue Ighodalo. The Punch reported that Ighodalo made this declaration at the 2023 Alaghodaro Investment Summit, which was attended by billionaire Aliko Dangote, […]

ChatGPT exposed minors to sexual content, OpenAI confirms
News Tech

OpenAI considers means to get ChatGPT into schools

OpenAI is currently exploring ways to introduce the popular ChatGPT chatbot into the educational system, a senior executive said. Brad Lightcap, the chief operating officer of OpenAI, announced at a San Francisco conference that the company is assembling a team to investigate educational uses of a technology that has sparked new laws, upended industries, and […]

Apple to release plans for AI later this year
News Tech

Apple to ease communication with Android devices

Apple has moved to implement a messaging standard that will facilitate easier communication between iPhones and Android smartphones, Bloomberg News reported on Thursday. According to the report, the iPhone manufacturer has been resisting the Rich Communication Services standard for almost a year, despite pressure from Alphabet’s Google and other parties to implement the technology. The […]

Spotify launches 'Concerts Near You' playlist for event discovery
News Tech

Spotify partners Google to provide personalized playlists

Spotify and Google Cloud extended their collaboration on Thursday with the use of large language models in order to provide personalised playlists. “The evolution of our technology has been matched by Google Cloud’s commitment to building the best possible platform for our products to run on and driving further innovation with the emerging capabilities of […]

Amazon's Kuiper prototype satellites operating properly
News Tech

Amazon’s Kuiper prototype satellites operating properly

Amazon on Thursday disclosed that both of its test satellites for the Kuiper internet network were operating properly in orbit. The project is expected to begin launching functioning satellites by the middle of 2024, the company stated. The world’s largest satellite operator, Starlink, owned by billionaire Elon Musk, will face competition from the Kuiper internet […]

News Tech

Hyundai cars set for sale on Amazon in 2024

Amazon will start selling Hyundai cars online in the United States early next year, both companies announced on Thursday. “Partnering with one of the world’s most customer-centric organizations unlocks incredible opportunities as we continue to expand our portfolio, grow our sales network, transition to electrification and realize the future of smart mobility,” said Hyundai Motor […]

Spotify launches custom transitions to enhance playlists
Tech

Spotify opens ad network to India, others

Music streaming service, Spotify, announced on Thursday that it will open up its podcast advertising network to five new countries, including Sweden and India. The Spotify Audience Network, which was initially introduced in 2021, allows podcast publishers and artists to monetarily support their work in nine countries, including the US and Germany. Spotify is concentrating […]

Paystack to lay off 33 employees in UAE, Europe
News Tech

Paystack to lay off 33 employees in UAE, Europe

Nigerian fintech Paystack is laying off 33 workers in Europe and UAE, the company’s CEO, Shola Akinlade confirmed this in a tweet on Thursday. Akinlade stated that layoff is as a reduction of Paystack’s operations outside Africa. “We’re changing our operating model to prioritise locating team members within the markets we serve, to localise costs […]

Jack Ma expresses confidence in Ant Group's AI future
News Tech

Jack Ma’s family to sell 10m company shares

The family trust of Chinese billionaire Jack Ma is set to sell 10 million Shares of Alibaba Group Holdings, for about $871 million, company said in regulatory filings. Funds belonging to the family trust, JSP Investment and JC Properties, will carry out the sale on November 21. Requests for a response from Alibaba and the […]

Firms, govt raise N3.44trn capital in two years - AIHN
Housing

Firms, govt raise N3.44trn capital in two years – AIHN

The Association of Issuing Houses of Nigeria has stated that N3.44 trillion was raised through corporate bonds and commercial paper issuance by private enterprises and government entities. According to The Punch, this statement was made by AIHN President, Ike Chioke on Tuesday in Lagos during the organization’s annual general meeting and the presentation of the 2022 annual report. […]

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