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Amazon cuts 100 Jobs in devices, services unit

Amazon shuts down Rufus chatbot, unveils Alexa for shopping

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Otedola deepens stake in First HoldCo with fresh N43.41bn

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OpenAI board rejects Elon Musk-led buyout offer

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LCCI predicts reduced inflation in 2024
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Prepare for tech disruptions, LCCI warns industries

The Lagos Chamber of Commerce and Industry has cautioned industrial organizations to brace themselves for disruptions as technology continues to disrupt company operations worldwide. According to The Punch, the Chairman of the LCCI’s Trade Promotion Board,  Leye Kupoluyi, stated this at the media launch for this year’s Information Communication Technology and Telecommunications Expo. The event’s topic this […]

Robots to be future companions in care homes - Expert
News Tech

Robots to be future companions in care homes – Expert

Nadine, a social robot with artificial intelligence that mimics human movements and expressions, may play a significant part in the future of caring for the elderly and sick. Nadine’s auburn hair and dark brown eyes were modelled by robot expert Nadia Magnenat Thalmann from the University of Geneva. She believes that Nadine and similar machines […]

Tesla cuts prices for Model Y, X, S cars
Business

Tesla offers $500 discount on EVs in China

Tesla announced on Friday that it will offer new customers of its top-selling electric vehicles in China a cash bonus of about $500 if they have a reference from an existing owner.  This has intensified a price war in the world’s largest EV market as he also stated that new customers will get free access to the […]

CBN releases financial report first time in seven years
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CBN warns banks over Russia, Iran, Cameroon transactions

  By Wilson Adekumola     The Central Bank of Nigeria has admonished Deposit Money Banks and Other Financial Institutions in the country to be cautious of their transactions with businesses and persons in the Russian Federation, the Democratic People’s Republic of Korea, Iran and Cameroun. This was contained in a circular referenced, FPR/AML/PUB/BOF/001/029, which […]

Meta’s Threads closes in on X with 400m monthly users
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Threads surpasses 50 million users

Threads, the highly anticipated “Twitter Killer” app from Meta, has amassed an astonishing 50 million users within a mere 24 hours of its launch. The text-based microblogging service, intricately tied to Meta’s popular photo and video-sharing platform, Instagram, has seen an unprecedented surge in registrations. While Meta’s leveraging of its massive user base of over […]

TikTok launches feature for quality sleep amid lawsuits
News Tech

TikTok launches music streaming platform

The Chinese company ByteDance, which owns the short-video platform TikTok, announced on Thursday that it will introduce a new music streaming service in Brazil and Indonesia In an effort to compete in that market. ByteDance is making a fresh effort with this project after announcing in a statement that it will discontinue offering Resso, its […]

Twitter threatens to sue Meta over Threads app
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Twitter threatens to sue Meta over Threads app

Twitter has threatened to sue Meta for infringing on Twitter’s “intellectual property rights” with its new Threads app, which Mark Zuckerberg has openly referred to as a competitor. A lawyer for Twitter stated in a letter to CEO Mark Zuckerberg, which was originally published by the news outlet Semafor, that the firm “has serious concerns […]

Canada has agreed to provide substantial incentives to manufacturer Stellantis for the development of an electric vehicle battery plant in Ontario.
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Canada to donate C$15bn for Stellantis-LGES battery plant

Canada has agreed to provide substantial incentives to manufacturer Stellantis for the development of an electric vehicle battery plant in Ontario. According to Reuters, the $3.8 billion joint venture aims to supply EV batteries to a significant portion of the North American market. However, the project was halted in May due to alleged unfulfilled subsidies. […]

Google delays release of custom phone chip
News Tech

Google delays release of custom phone chip

The release of a fully customised CPU for Google’s Pixel smartphones has been postponed until 2025, according to The Information on Thursday, which cited two sources familiar with the situation. According to The Information, Google originally intended to introduce the Redondo chip next year to replace the semicustom chips it now produces with Samsung Electronics. […]

Zuckerberg, Meta directors settle $8bn privacy lawsuit ahead of testimony
News Tech

Meta to consider monetizing Threads – Zuckerberg

Mark Zuckerberg, CEO of Meta, stated on Thursday that Meta would consider making money from the new Twitter rival, Threads. He claimed that while Meta is now focusing on gaining more users for the new microblogging software, the business will consider monetizing it after its user base reaches one billion. This was expressed by Zuckerberg […]

2023 Census: NPC seeks additional N256bn for training, others 
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2023 Census: NPC seeks additional N256bn for training, others 

The Chairman of the National Population Census, Nasir Kwarra, has asked for the release of the N31 billion capital allocation in the 2023 budget for preparatory operations ahead of the census on Thursday in Abuja. According to The Punch, Kwarra also asked N225.2 billion from President Bola Tinubu to pay for training and fieldwork allowances, retraining of trainers, and […]

Tesla self driving vehicle'll arrive Q2 2023 - Elon Musk
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Tesla self driving vehicle’ll arrive Q2 2023 – Elon Musk

Tesla CEO, Elon Musk, revealed that the electric car giant is on track to achieve fully autonomous vehicles “later this year.” Speaking at the opening ceremony of an artificial intelligence conference in Shanghai via video link, Musk expressed confidence in Tesla’s progress toward achieving full self-driving capabilities without human supervision. “I think we are very […]

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