Tag: Economy

Online community platform Discord lays off staff
News Tech

Online community platform Discord lays off staff

Online community network, Discord, is letting go of 170 employees, or 17% of its workforce. Discord CEO Jason Citron laid the blame for recent layoffs on overhiring in an internal document that was acquired by The Verge. This is in line with other tech CEOs’ justifications. On Thursday, the layoffs were disclosed at an all-hands […]

Disney subsidiary Pixar to lay off staff
News Tech

Disney subsidiary Pixar to lay off staff

The Disney-owned animation studio Pixar has acknowledged that it would be laying off employees this year. Techcrunch reports that Pixar’s staff of 1,300 will be reduced to less than 1,000 over the next several months due to massive layoffs that might reach up to 20%. Pixar claims that these figures are excessive. The studio emphasized […]

Kano Disco's $200m funding to benefit 25m Nigerians
Electricity

Kano Disco’s $200m funding to benefit 25m Nigerians

Kano Electricity Distribution Company is seeking $200 million in investment to modernize its infrastructure and modify electricity distribution for an estimated 25 million Nigerians. According to Businessday, Kano Electric is partnering with a Mauritius-based firm, BlackAion Capital, to re-capitalize the network and specifically work on the $200 million fundraise for the interconnected mini-grids and embedded generation projects in […]

Nigeria's economy to grow by 0.1% in 2024 — UN
Business News

Nigeria’s economy to grow by 0.1% in 2024 — UN

The United Nations has projected that the Nigerian economic growth to rise from 3.0% in 2023 to 3.1% in 2024. However, there are certain things that depend on the growth. The UN research indicates that Nigeria’s GDP may grow in 2024 as a result of its aggressive stance against climate change and internal oil refining. […]

Google unveils AI-powered educational tools
News Tech

Google removes underused features from AI Assistant

In order to concentrate on “quality and reliability,” Google is eliminating 17 “underutilized” features from Google Assistant, the company said on Thursday. A message that a feature will no longer be accessible after a specific date will be sent to users who request one of the functionalities that are being deleted starting on January 26. […]

WhatsApp launches sticker maker for iOS
News Tech

WhatsApp launches sticker maker for iOS

WhatsApp on Thursday launched a new iOS feature that will allow users to design, modify, and share their own stickers. You may create custom stickers or convert your own photographs into stickers with this new function. WhatsApp’s editing features, which include text, sketching, and the ability to overlay other stickers, may be used to customize […]

Microsoft launches AI Access Principles to encourage technological investment
Business

Microsoft overtakes Apple as world’s most valuable company

Microsoft, on Thursday, overtook Apple as the most valuable company in the world as the iPhone maker had its worst start in years due to growing demand concerns. According to Reuters, Microsoft shares surged 1.5 per cent, valuing the Redmond, Washington-based company at $2.888 trillion, as its early lead in the battle to profit from generative […]

Microsoft plans for collaboration with AI agents
News Tech

Microsoft to store data of EU users in cloud

Microsoft announced on Thursday that its cloud customers in the European Union will be allowed to process and store all personal data in the area. Prior to this, Microsoft has permitted certain data processing in the area. As a result of the recent change, it would now additionally contain information from automatically generated system logs […]

Google unveils next Gen tools for retailers
News Tech

Google unveils next Gen tools for retailers

Google Cloud on Thursday announced new generation AI tools with the goal of assisting businesses in streamlining their back-office processes and personalizing their online shopping experiences. With Google Cloud’s Conversational Commerce Solution, businesses can incorporate agents driven by artificial intelligence into their mobile applications and websites. The agents, according to Google, are powered by “sophisticated” […]

ABB acquires Swiss company to enhance robots
News Tech

ABB acquires Swiss company to enhance robots

ABB has acquired a company that enhances industrial robot mobility by enabling them to navigate across warehouses and factories using 3D vision and artificial intelligence. ABB’s newest robotics investment, the purchase of the Swiss start-up Sevensense, is in response to the growing market demand for industrial robots with autonomous movement and functionality. The Zurich-based company […]

US SEC approves ETFs to track Bitcoin
Crypto News

US SEC approves ETFs to track Bitcoin

The United States Securities Exchange Commission on Wednesday approved the first U.S.-listed exchange-traded funds to track Bitcoin. Notwithstanding warnings from several authorities and investor advocates over the products’ hazards, the Securities and Exchange Commission said it had accepted 11 applications, including those from BlackRock, Ark Investments/21Shares, Fidelity, Invesco, and VanEck. According to issuers, the majority […]

FBNQuest announce retirement of its MD, DMD
Business

FBNQuest announce retirement of its MD, DMD

The board of directors of FBN Holdings Plc has announced the departure of Kayode Akinkugbe as Managing Director and Taiwo Okeowo as Deputy Managing Director of its subsidiary, FBNQuest Merchant Bank Limited. The Times reported that the Group stated in a notice to the Nigerian Exchange Limited and the investing public that the retirement follows the successful […]