Tag: Tech

Tech giant Cisco to fire 4,000 employees, says report
featured News

Tech giant Cisco to fire 4,000 employees, says report

Cisco Systems is set to announce a new wave of layoffs, potentially affecting a number similar to or greater than the 4,000 employees it let go earlier this year. This move is part of Cisco’s strategy to focus on higher-growth sectors like cybersecurity and AI, as it faces challenges with sluggish demand and supply chain […]

Software provider GitLab considers sale
News

Software provider GitLab considers sale

Leading U.S. provider of cloud-based software development tools, GitLab, is reportedly considering a sale following interest from potential acquirers, according to sources familiar with the matter. The company, valued at approximately $8 billion, has engaged investment bankers to explore a sale process that has attracted attention from peers such as cloud monitoring firm Datadog, the […]

Link-in-bio startup Linktree hits 50m users
News

Link-in-bio startup Linktree hits 50m users

Link-in-bio startup Linktree announced on Wednesday that it has surpassed 50 million users, marking a significant increase from the 2.7 million users it had in 2019. The company’s user base has been steadily growing, with nearly 10 million new users (referred to as “Linkers” by Linktree) added in just five months. In December, Linktree reported […]

Opera introduces AI features, multimedia controls to browser
News

Opera’s AI assistant now summarizes texts on Android

Opera’s Aria, an AI-powered product integrated into its web browser, now offers text summarization capabilities on Android devices. This feature condenses lengthy web pages such as news articles, blog posts, or research papers into concise summaries that can typically fit on a single screen. The announcement of this new feature on Monday highlights its usefulness […]

FG awards N200m in grants to 55 researchers, innovators—Bosun Tijani
News

Isa Pantami criticizes Bosun Tijani for Robotics Centre relaunch

Former Minister of Communications and Digital Economy, Isa Pantami, criticized his successor, Bosun Tijani, for relaunching the National Centre for Artificial Intelligence and Robotics. NCAIR was established as a platform to promote research and development in emerging technologies like Artificial Intelligence (AI), Robotics, UAV, and the Internet of Things, focusing on Nigerian national interests. Tijani, […]

Adobe to develop AI video creator
News

Adobe to develop AI video creator

Adobe is in the process of developing an AI model designed to generate video content, although the company has not disclosed a specific launch date for this project. Positioned as a response to offerings such as OpenAI’s Sora, Google’s Imagen 2, and similar models emerging from startups in the burgeoning generative AI video sector, Adobe’s […]

Software firm Wex files infringement suit against HP
News

Software firm Wex files infringement suit against HP

Software firm Wex Inc filed a trademark infringement lawsuit against HP Inc in Maine federal court on Thursday, alleging that HP is improperly using the “Wex” name to market its competing software. Wex, known for its expertise in payment processing and information management applications, argued that HP’s recent introduction of the “HP Wex” workforce management […]

DuckDuckGo unveils $10 Privacy plan
News

DuckDuckGo unveils $10 Privacy plan

DuckDuckGo has introduced a Privacy Pro plan encompassing three key services. For $10 per month or $100 per year, users gain access to a VPN, personal information removal, and identity theft restoration services. Initially, the subscription is exclusively available in the US, with the Privacy Pro features seamlessly integrated into the DuckDuckGo browser. Emphasizing user […]

Substack partner Spotify for podcasts
News

Substack partner Spotify for podcasts

Substack has partnered with Spotify for users to listen to podcasts on the platform. This collaboration allows Substack podcast creators to easily distribute their shows on Spotify with just a few clicks. For Spotify, this move could enrich its podcast library, particularly following its decision last year to scale back its exclusive podcast endeavors in […]

ByteDance sues ex-intern $1.1m over alleged AI sabotage
News

ByteDance 2023 profit hits 60% – Report

ByteDance Ltd. witnessed a remarkable surge in profit in 2023, soaring by approximately 60%, surpassing the growth rates of online giants Tencent Holdings Ltd. and Alibaba Group Holding Ltd. This robust performance underscores the resilience of the TikTok owner amidst prevailing economic challenges. ByteDance’s earnings before interest, tax, depreciation, and amortization skyrocketed to over $40 […]

Web Summit co-founder Paddy Cosgrave returns as CEO
News

Web Summit co-founder Paddy Cosgrave returns as CEO

Web Summit co-founder Paddy Cosgrave has resumed his role as chief executive officer, six months after stepping down amidst controversy over his remarks on the Israel-Hamas conflict. Cosgrave faced criticism for his social media post on October 13, where he stated that “war crimes are war crimes even when committed by allies,” referring to Israel’s […]