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DeepSeek focuses on research over profits amid US tensions
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US commerce bureau bans DeepSeek on government devices

DeepSeek’s low-cost artificial intelligence models triggered a significant selloff in global equity markets in January, as investors grew anxious about the potential threat to the United States’ dominance in AI. Concerns over DeepSeek have also reached Washington, with U.S. officials and lawmakers raising alarms about the risks to data privacy and national security. In February, […]

Nvidia to become world's most valuable company
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Nvidia CEO to defends AI dominance in developer conference 

Nvidia CEO Jensen Huang is set to take the stage this week at the company’s annual software developer conference, where he will defend the nearly $3 trillion chipmaker’s dominance as mounting pressure forces its biggest customers to rein in artificial intelligence costs. The conference follows market turbulence sparked by China’s DeepSeek, which recently unveiled a […]

Pfizer shuts down commercial operations in Nigeria
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Pfizer shuts down commercial operations in Nigeria

Global pharmaceutical giant Pfizer has officially shut down its commercial operations in Nigeria, rendering its commercial employees redundant, West Africa Weekly reported. Documents indicate that affected employees have received formal redundancy notifications, marking a significant restructuring of Pfizer’s business presence in the country. While the company is proceeding with layoffs, details of severance packages remain […]

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Intel CEO Lip-Bu Tan to receive $1m annual salary

Intel’s new CEO Lip-Bu Tan will receive an annual salary of $1 million and be eligible for a performance-based cash bonus of up to $2 million, according to a regulatory filing. Tan’s appointment, announced on Wednesday, comes as Intel strives to recover from a challenging transition in its bid to establish itself as both a […]

Market vendors to receive VAT exemptions under FIRS-MATAN initiative
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Fire guts Benue market, destroys properties worth millions

A fire outbreak in the early hours of Monday destroyed properties worth millions of naira at the Wurukum Rice Mill Market in Makurdi, near the River Benue bridge. Firefighters arrived swiftly and prevented the fire from spreading to other parts of the market. However, several shops were affected, with goods such as processed and unprocessed […]

Nigerian lender Sycamore expands, gets SEC fund manager license
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Nigerian lender Sycamore expands, gets SEC fund manager license

Nigerian digital lender Sycamore has secured a fund manager license from the Securities and Exchange Commission, marking a significant expansion beyond its core lending business. With ₦10 billion in assets under management, the company is now set to offer diversified investment portfolios targeting both retail and institutional investors. The new license enables Sycamore to operate […]

Employers slam FRC over levies on private firms
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Employers slam FRC over levies on private firms

The Nigeria Employers’ Consultative Association has strongly criticized the Financial Reporting Council of Nigeria for imposing what it describes as “outrageous” annual dues on private and non-quoted companies. In a statement, NECA warned that the policy could cripple businesses and stifle economic growth. “This outcry follows the implementation of the Financial Reporting Council Amendment Act […]

Amazon to require cloud processing for Alexa voice recordings
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Amazon to require cloud processing for Alexa voice recordings

Amazon Echo users will no longer have the option to keep their voice recordings local, as the company moves to require all Alexa requests to be processed in the cloud starting March 28. According to a report by Ars Technica, Amazon recently notified users who had enabled the “Do Not Send Voice Recordings” setting, informing […]

Apple considers portless design for iPhone 17 Air
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Apple considers portless design for iPhone 17 Air

Apple reportedly considered making the upcoming iPhone 17 Air the first completely port-free iPhone, eliminating physical charging and data transfer ports in favor of wireless technology. However, according to Bloomberg’s Mark Gurman, the company ultimately decided against this radical design—at least for now—partly due to concerns over regulatory challenges, particularly in Europe, where USB-C compatibility […]

Dangote Refinery's polypropylene to enter market
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Dangote Refinery’s polypropylene to enter market

The Dangote Oil Refinery has commenced operations at its polypropylene facility in Lagos, marking a significant milestone in its expansion efforts. According to S&P Global, the startup of Dangote’s 830,000-metric-tonnes-per-year polypropylene site was one of the final steps in the commissioning sequence of the refinery and petrochemical complex, which has been underway since January 2024. […]

Baidu unveils AI video generator, revamps search engine
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Baidu unveils new models amid intensifying AI war

China’s Baidu announced on Sunday the launch of two new artificial intelligence models, including a reasoning-focused model designed to rival DeepSeek’s offerings, as the company strives to distinguish itself in an increasingly competitive AI sector. Chinese AI startup DeepSeek has disrupted the industry with AI models it claims can match or surpass leading U.S. models […]

OpenAI, Elon Musk agree to quicken trial over AI dispute
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OpenAI, Elon Musk agree to quicken trial over AI dispute

OpenAI and billionaire Elon Musk have agreed to fast-track their ongoing legal battle over the AI company’s transition to a for-profit model, according to a federal court filing on Friday. The case, which has become a high-profile dispute between Musk and OpenAI CEO Sam Altman, is set to go to trial in December. The filing […]

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