Microsoft launches zero-water cooling for sustainable AI data centres
Microsoft Corp. has introduced a new data center design aimed at eliminating water usage for cooling chips and servers, as part of its efforts to reduce its environmental impact. Launched…
AI Voice startup from ex-OpenAI researcher raises $40m
WaveForms AI, a new startup founded by Alexis Conneau, the lead researcher behind OpenAI’s voice assistant, has secured $40 million in seed funding from Andreessen Horowitz. The company is focused on developing…
Jack Ma expresses confidence in Ant Group’s AI future
Alibaba co-founder Jack Ma voiced strong optimism about the future of Ant Group, highlighting significant opportunities in artificial intelligence for the fintech giant during a rare public appearance on Sunday.…
Xiaomi to launch first SUV in 2025
Chinese electronics giant Xiaomi announced on Monday that it plans to debut its first SUV, the YU7, in June or July of 2025, marking a deeper push into China's highly…
AfDB offers strategic solutions for Africa’s debt, forex challenges
The African Development Bank has outlined key strategies for Nigeria and other African nations to address rising debt burdens and foreign exchange difficulties. These insights were shared by the Bank’s…
Nvidia shares fall amid antimonopoly probe in China
Nvidia's shares dropped around 2% on Monday following news that China's antimonopoly regulator is investigating the company for potential violations of the country's competition laws. This investigation adds to the…
Naira strengthens against euro in parallel market amid FX reforms
The Nigerian naira has shown significant strength against the euro in the parallel market, driven by ongoing foreign exchange reforms and political uncertainties in Europe. The EUR/NGN exchange rate dropped…
Otedola asks top First Bank official to resign over ‘wasteful party’
The global head of marketing and corporate communications at First Bank, Folake Ani-Mumuney, has been asked to step down by Femi Otedola, chairman of the bank’s holding company, TheCable reported…
NSIB launches investigation into FlyBird aircraft incident
The Nigerian Safety Investigation Bureau has initiated an investigation into a serious incident involving a FlyBird HS 125 aircraft, registration number 5NKAL. The aircraft, which was traveling from Nnamdi Azikiwe…
NGX gains N18.2trn despite economic challenges, rising interest rates
The Nigerian equities market has demonstrated resilience, with the Nigerian Exchange Limited listing N8.1 trillion worth of shares from January to November 2024, despite the economic downturn and higher interest…
Crude prices rise after Syrian president’s regime collapse
Oil prices rose on Monday amid heightened uncertainty in the Middle East following the fall of Syrian President Bashar al-Assad's regime. Brent crude increased by 36 cents to $71.48 per…
Avoid publicly sharing account numbers, Moniepoint MD warns Nigerians
The Managing Director of Moniepoint Microfinance Bank, Babatunde Olofin, has warned Nigerians about the risks of sharing their account numbers publicly, particularly during the festive season. He noted that fraudsters…
