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The British government has entered a strategic partnership with OpenAI, the American firm behind ChatGPT, to enhance collaboration on artificial intelligence
Tech

OpenAI launches new developer tools as AI war thickens

OpenAI announced the launch of new tools for developers on Tuesday, aimed at enhancing the creation of advanced AI agents through a streamlined set of application programming interfaces. The move comes as competition intensifies with emerging Chinese AI startups. AI agents are designed to operate autonomously, executing complex real-world tasks without direct human intervention. APIs, […]

India's Reliance Jio strikes deal with SpaceX for Starlink services
News

India’s Reliance Jio strikes deal with SpaceX for Starlink services

India’s leading telecom operator, Reliance Jio, has signed a deal with Elon Musk’s SpaceX to bring Starlink satellite internet services to the country in a surprising turn of events. This partnership follows months of contention between the two billionaires over spectrum allocation policies. As part of the agreement, Reliance Jio will stock Starlink equipment in […]

Spotify shares slide to 7% despite subscriber rise
News

Spotify pays $10bn in royalties to artists, others

Music streaming giant Spotify announced on Wednesday that it paid a record $10 billion in royalties to the music industry in 2024, marking the largest single-year payout in its history. In a report, Spotify said the $10bn payout was “the largest in music industry history”, comparing itself to Tower Records at the peak of the […]

Spain to curb deepfakes with tough AI regulations
News

Spain to curb deepfakes with tough AI regulations

Spain’s government has taken a major step toward regulating artificial intelligence by approving a bill that imposes heavy fines on companies failing to label AI-generated content properly. The legislation, introduced on Tuesday, aims to combat the spread of deceptive AI-created media, commonly referred to as “deepfakes.” The proposed law aligns with the European Union’s landmark […]

Trump to unveil AI expansion plan amid US-China tech race
News

Trump warns Tesla attackers, calls violence ‘domestic terrorism’

President Donald Trump announced on Tuesday that acts of violence against Tesla dealerships will be classified as domestic terrorism, vowing that perpetrators will “go through hell.” This comes amid escalating protests and incidents targeting Tesla, Inc., and its CEO, Elon Musk, following Musk’s appointment as head of the newly established Department of Government Efficiency. Tesla […]

FG hails progress in Naira-for-Crude policy, vows continued support
Oil and Gas

Unstable petrol prices endangering businesses, oil marketers warn

Oil marketers under the aegis of the Petroleum Products Retail Outlets Association of Nigeria has raised concerns over the impact of unstable petrol prices on their businesses nationwide. This follows the ongoing price war between NNPC Limited and Dangote Petroleum Refinery, with both companies reducing pump prices at their outlets and for partners. This was […]

News

Oil sector deregulation tough, Nigerians now benefiting – Minister

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, stated on Tuesday that the full deregulation of the downstream oil sector by President Bola Tinubu’s administration is already benefiting Nigerians. Speaking in Abuja during a visit by the leadership of the Petroleum Products Retail Outlets Owners Association of Nigeria, Lokpobiri acknowledged that while […]

Grieving widow sues Tesla over defective car model
World

Musk appeals ruling that voided $56bn Tesla pay packageq

Elon Musk has initiated an appeal to reinstate his $56 billion compensation package from Tesla, asserting that the lower court’s decision to rescind it involved multiple legal errors. Musk argues that Tesla’s tremendous growth under his leadership justifies the 2018 pay package, which shareholders approved twice. He claims the Delaware Court of Chancery wrongly applied […]

News

UK-Nigeria ties expands with new creative industries working group

The United Kingdom and Nigeria have officially launched the Creative Industries Technical Working Group, a significant advancement in the UK-Nigeria Enhanced Trade and Investment Partnership. This initiative aims to strengthen bilateral relations and establish a solid foundation for growth in the creative sectors of both countries. The launch of the Creative Industries Technical Working Group, […]

News

FG denies diverting $3bn South-East railway project

The Federal Ministry of Transportation has denied allegations that Minister Said Alkali redirected a $3 billion railway project from the South-East to his home state, Gombe, for political reasons. In a statement on Tuesday, the ministry’s Director of Information, Janet McDickson, dismissed the claims as “false, malicious, and misleading.” The ministry in the clarified that […]

News

Nigeria’s debt profile needs urgent attention – Report

Afrinvest, in its latest macroeconomic update titled Nigeria’s Debt Statistics… High Risk or Not?, has warned that Nigeria’s debt profile requires urgent attention to prevent further decline. The report, which examines insights from IMF First Deputy Managing Director Gita Gopinath’s recent visit, underscores the need for immediate fiscal action. During her visit, Gopinath characterized Nigeria’s […]

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