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Tag: Tech

Adobe unveils Firefly video model, announces subscription
News

Adobe rolls out Firefly AI to mobile

Adobe is introducing its generative AI technology to mobile devices with the beta release of the new Express app, accessible on both Android and iOS platforms. This move is aimed at providing users with enhanced creative capabilities while on the go. The Firefly GAI features within the app enable users to generate images and manipulate […]

Nikon acquires cinema camera company RED
Tech

Nikon acquires cinema camera company RED

Japanese optics and photographic equipment manufacturer, Nikon has revealed its acquisition of RED, a renowned high-end cinema camera company, in a deal of undisclosed value, The Verge reported. RED is set to become a wholly-owned subsidiary under Nikon’s ownership. Despite the challenges faced by the imaging industry in recent years, Nikon’s move to acquire RED […]

Accenture acquires edtech platform Udacity
News

Accenture acquires edtech platform Udacity

Accenture has announced its acquisition of the learning platform Udacity, signaling a move to develop a learning platform with a specific focus on the growing interest in artificial intelligence. The financial terms of the Udacity acquisition were not disclosed, but Accenture also shared plans for a $1 billion investment in the creation of a technology […]

Gaming platform Electronic Arts lays off staff
Uncategorized

Gaming platform Electronic Arts lays off staff

Electronic Arts on Wednesday announced its intention to trim 5% of its workforce as part of a comprehensive restructuring plan, which will also involve downsizing its real estate holdings. The gaming giant, recognized for titles like “Star Wars Jedi: Survivor,” anticipates facing charges ranging from $125 million to $165 million associated with this strategic move. […]

Uber support Nigerian vehicle-financing startup Moove
Tech

Uber support Nigerian vehicle-financing startup Moove

Uber Technologies Inc. is currently in discussions to support African vehicle-financing startup Moove in a potential funding round reaching up to $100 million, according to a report by Bloomberg. Established in 2020 by British-born Nigerian entrepreneurs Ladi Delano and Jide Odunsi, Moove is a global mobility fintech born in Africa. It specializes in providing revenue-based […]

Nigerian edtech ULesson slashes subscription prices for users
Tech

Nigerian edtech ULesson slashes subscription prices for users

To assist families throughout this “period and beyond,” uLesson, a Nigerian edtech firm, has announced plans to cut educational software subscription prices by 50% “indefinitely.” “These are difficult times for households. @ulessonapp will drop educational software subscription prices by 50% indefinitely to support Nigerian families through this period and beyond. I pray strength and resilience […]

Nvidia CEO Jensen Huang’s wealth rises to $120bn amid AI chip boom
Tech

NVIDIA emerges third most valuable company in the US

American chipmaker NVIDIA has overtaken Alphabet, Google’s parent company, becoming the third most valuable company in the United States with a valuation of $1.83 trillion, Reuters reported This development follows closely after NVIDIA surpassed Amazon in the rankings. Globally, it stands as the fourth most valuable company, trailing Microsoft ($3.04 trillion), Apple ($2.84 trillion), and […]

Nigerian startup Astrotwig loses $20,000 to scam
Tech

Nigerian startup Astrotwig loses $20,000 to scam

Nigerian platform integrating music streaming with social networking, Astrotwig has alleged a loss of $20,000 to Mr. Simon Tiwari, an angel investor who pledged a convertible loan of $1 million in their pre-seed round. The startup reportedly secured funds through loans from friends and family. Facing the financial setback, Astrotwig initiated a crowdfunding campaign to […]

Grammarly unveils new AI-powered document interface
Tech

Grammarly lays off 230 workers globally

Grammarly said this week that as part of a “business restructuring,” the company is cutting off 230 workers globally. Grammarly states that the layoffs are a part of their efforts to further their emphasis on “the AI-enabled workplace of the future.” “To arrive at today’s decision, we took a look at our organizational design and […]

US mission in Nigeria launches tech centre in Lagos
Tech

US mission in Nigeria launches tech centre in Lagos

Alex Omenye The United States Mission in Nigeria has launched an advanced American Space in Lagos, named the American Corner Lekki. The centre is aimed at promoting youth innovation, entrepreneurship, and creativity. This technology hub aligns with the Biden Administration’s U.S. Strategy for Sub-Saharan Africa, emphasizing digital transformation and the development of an inclusive digital […]

Transcorp Hotels becomes first Nigerian firm to pass N1tn market cap
Business

Transcorp Hotel, tech firms record highest returns

Transcorp Hotels Plc provided investors with a higher return on investment in terms of capital gain in 2023 when compared to other companies listed on the Nigerian Exchange Limited. According to The PUNCH, the hospitality/tourism industry began the year at N6.25 per unit and completed the year at N70.18 per share. This amounted to a […]

Tinder introduces exclusive $499 monthly sub for elite users
News Tech

Tinder introduces exclusive $499 monthly sub for elite users

Dating platform, Tinder has made a $499 monthly subscription option is now available to users, but only if they are invited and successfully complete the application procedure. Users of Tinder SELECT are rewarded with benefits that go beyond what the typical swiper gets. Users can see and be seen by the “most sought after profiles” […]

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