Category: News

OpenAI to reduce Microsoft revenue share in restructuring plan

OpenAI has informed investors that it plans to significantly reduce the share of its revenue...

Bezos leads $72m investment in AI data firm Toloka

Jeff Bezos’ personal investment firm, Bezos Expeditions, is leading a $72 million funding round in...

Netflix to redesign TV App, add AI-Powered search to iOS

Netflix announced on Wednesday a major redesign of its TV app interface and the introduction...

Cyber firm CrowdStrike to fire 500 employees, cut costs

Cybersecurity firm CrowdStrike announced plans on Wednesday to lay off approximately 500 employees—about 5% of...

French AI startup Mistral triples revenue in 100 days

One of Europe’s rising artificial intelligence startups, Mistral AI, unveiled the enterprise version of its...

Alibaba, RedNote partner to streamline app shopping on Taobao

Chinese e-commerce giant Alibaba has entered a strategic partnership with RedNote, a popular lifestyle and...

ECOWAS laments expensive airfares in West Africa

The Economic Community of West African States has raised alarm over the soaring cost of...

Hugo Boss beats forecasts despite tariff concerns

German fashion group Hugo Boss reported better-than-expected first-quarter results on Tuesday, maintaining its full-year outlook...

OpenAI abandons major restructuring to retain control

OpenAI has scrapped a major plan to restructure its corporate governance, opting instead to maintain...

Former MDs of Warri, Kaduna, PH refineries threaten N50b lawsuit

Three former Managing Directors of Nigeria’s major refineries have threatened legal action against a leading...

Finance ministry debunks N13bn corruption allegation in CNG contract

The Federal Ministry of Finance has publicly denied allegations of awarding N13 billion in contracts...

EU plans ban on Russian gas imports by 2027

The European Commission is preparing to propose a phased ban on Russian natural gas, targeting...