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NGX listed firms earned ₦179.5bn finance income in H1

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Workers, activists stage protest over Israeli ties at Microsoft HQ
News

Workers, activists stage protest over Israeli ties at Microsoft HQ

A group of current and former Microsoft employees, joined by community activists, staged a takeover of a plaza at the company’s Redmond, Washington, headquarters on Tuesday to protest its partnership with the Israeli military. The demonstrators, organized under the banner No Azure for Apartheid, declared the East Campus Plaza a “Liberated Zone,” renaming it “The […]

Meta launches AI voice translation on Facebook, Instagram
News

Meta launches AI voice translation on Facebook, Instagram

Meta has introduced a new artificial intelligence-powered voice translation tool on Facebook and Instagram, expanding access to users worldwide. The company announced on Tuesday that the feature, first unveiled at its Connect developer conference last year, will allow creators to translate spoken content into other languages while retaining their own voice. The AI tool uses […]

US considers equity stakes in chipmakers under CHIPS act
News

US considers equity stakes in chipmakers under CHIPS act

The United States is weighing whether to take equity stakes in major semiconductor companies as part of its CHIPS Act program. This move would mark a significant shift in Washington’s industrial policy, according to people familiar with the matter. Howard Lutnick, a key figure in the administration’s economic strategy, has been leading discussions on the […]

Canva launches employee stock sale at $42bn valuation
News

Canva launches employee stock sale at $42bn valuation

Australian graphic design platform Canva has initiated an employee stock sale valuing the company at $42 billion, according to a Bloomberg report on Tuesday. The move allows staff to sell shares to both new and existing investors, including Fidelity Management & Research Company and JPMorgan’s asset management division. Founded in 2013 and headquartered in Sydney, […]

Smartphone demand increases Xiaomi's revenue to 30%
News

Smartphone demand increases Xiaomi’s revenue to 30%

Chinese tech giant Xiaomi reported a 30.5% rise in second-quarter revenue, buoyed by strong smartphone sales in Southeast Asia despite a sluggish global market. Revenue for the three months ended June 30 climbed to 116 billion yuan ($16.16 billion), ahead of analysts’ expectations of 114.7 billion yuan, according to LSEG data. Adjusted net profit jumped […]

Google to revises app rules after EU charges over market abuse
News

Google to revises app rules after EU charges over market abuse

Alphabet unit Google said on Tuesday it will revise its policies to allow app developers more freedom to direct customers to external platforms, following charges from the European Union’s competition watchdog that it violated the bloc’s Digital Markets Act. In March, the European Commission accused Google of restricting developers from steering users to cheaper offers […]

News

Majority of Americans fear AI will eliminate jobs permanently – Poll

A large majority of Americans are worried that artificial intelligence could permanently displace workers, according to a new Reuters/Ipsos poll released this week. The six-day survey, which concluded on Monday, found that 71% of respondents fear AI will “put too many people out of work permanently.” The findings highlight growing unease over the technology’s impact, […]

Google to pay $30m to settle YouTube children’s privacy lawsuit
News

Google to pay $30m to settle YouTube children’s privacy lawsuit

Google will pay $30 million to settle a class action lawsuit alleging it illegally collected personal data from children using YouTube and used the information to deliver targeted advertising without parental consent. The proposed settlement, filed late Monday in federal court in San Jose, California, requires approval from U.S. Magistrate Judge Susan van Keulen. Google, […]

Spotify launches custom transitions to enhance playlists
News

Spotify launches custom transitions to enhance playlists

Spotify has rolled out a new feature that allows subscribers to create more professional, DJ-style playlists with customizable transitions. The update, announced Tuesday, introduces “Mix,” a tool that lets users automatically add transitions between tracks or manually adjust them using preset styles such as fade, rise, or blend. To access the feature, subscribers can open […]

TikTok launches campus verification to help students connect
News

TikTok launches campus verification to help students connect

TikTok is rolling out a new feature that allows college students to connect with peers on their campuses, in a move reminiscent of Facebook’s early beginnings. The feature, called Campus Verification, lets users add their school to their profile, verify enrollment, and browse a directory of fellow students. To activate the feature, users navigate to […]

Tech giant Meta has unveiled ambitious plans to construct some of the largest artificial intelligence data centres on the planet,
Tech

Meta splits AI unit, reassigns staff in superintelligence push

Meta Platforms Inc. is restructuring its artificial intelligence division, splitting the newly created group into four separate teams and reallocating many existing AI staff. The move, outlined in an internal memo from Chief AI Officer, Alexandr Wang, aims to accelerate Meta’s push toward developing superintelligence and make better use of its multibillion-dollar investments in AI […]

Business

Ex-NNPC spokesperson Femi Soneye urges tax reliefs for media

Former NNPC chief corporate communications officer, Femi Soneye, has urged the federal government to grant tax reliefs and waive import duties on essential media equipment. He made the call in Abuja on Tuesday after receiving the Excellence in Corporate Communications Award from the FCT chapter of the Nigerian Union of Journalists. He noted that, despite […]

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