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EU launches investigation into TikTok over alleged breach of online content rules

The European Union has initiated an investigation into ByteDance’s TikTok to determine whether the social media platform violated online content regulations aimed at safeguarding children and ensuring transparent advertising, announced EU industry chief Thierry Breton on Monday. Breton stated, “Today we open an investigation into TikTok over a suspected breach of transparency & obligations to Read More…

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IBM secures Software AG’s integration platforms for ₦2 trillion to boost AI and hybrid cloud

IBM unveiled its plans on Monday to acquire Software AG’s enterprise integration platforms for 2 trillion Naira ($2.33 billion), aiming to strengthen its capabilities in artificial intelligence and hybrid cloud solutions. The purchase involves Software AG’s StreamSets and webMethods platforms, which cater to crucial functions such as application integration, API management, and data integration. The Read More…

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Microsoft’s OpenAI partnership faces antitrust scrutiny in US and UK amid governance shake-up

A regulatory storm brews as Microsoft’s collaboration with OpenAI comes under the antitrust microscope in both the US and UK following recent upheavals in the startup’s leadership. Nearing the resolution of a boardroom clash resulting in the abrupt exit and return of CEO Sam Altman, Microsoft, a substantial supporter of OpenAI, secured a non-voting observer Read More…

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Electric vehicles surprisingly outpace oil demand reduction at COP28 Conference, reveals IEA

According to a report unveiled at the COP28 climate conference in Dubai by the International Energy Agency (IEA), the global drive toward electric vehicles (EVs) is markedly denting the demand for fossil fuels, despite concerns about the sluggish reduction in fossil fuel consumption to combat climate change. Industry experts note that soaring sales of EVs Read More…

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Sanwo-Olu advocates tech-driven solutions for local challenges

Governor Babajide Sanwo-Olu has reaffirmed Lagos State’s dedication to harnessing technology for sustainable solutions to indigenous challenges. Speaking at the Endeavor Nigeria’s Annual Scale Up Entrepreneurship Summit in Victoria Island, the governor emphasized technology’s role in ensuring food security, efficient transportation, quality healthcare, and education. Sanwo-Olu highlighted the government’s initiatives, emphasizing the importance of infrastructure Read More…

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Nigeria joins global effort for secure AI: Unveiling international guidelines

Nigeria, alongside the United States, Britain, and 15 other nations, revealed an international pact aimed at ensuring the safety of artificial intelligence (AI) from malicious use. Emphasising the need for AI systems to be “secure by design,” the 20-page document focuses on urging companies involved in AI development and utilisation to prioritise public and customer Read More…

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OpenAI shakeup: Altman sets sights on new AI venture; departures rattle company

Sam Altman, ousted CEO of OpenAI, is steering towards a new artificial intelligence (AI) venture following his dismissal, sources familiar with the plan disclosed on Saturday. The departure of Altman has sent ripples across the tech industry, leaving numerous questions about the future of the company. Former OpenAI president Greg Brockman, who exited the company Read More…

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Business Technology

Humane Unveils $699 Ai Pin Device

Silicon Valley startup Humane, backed by a team of ex-Apple veterans, has launched the Ai Pin, a $699 device aiming to integrate cutting-edge artificial intelligence seamlessly into daily life. The wearable device, designed to be worn on clothing, taps into a virtual assistant powered by OpenAI’s ChatGPT and Microsoft’s cloud computing. The Ai Pin utilises Read More…

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Elon Musk’s xAI set to enhance social media platform X with debut of AI model Grok

Renowned entrepreneur and innovator Elon Musk announced on Sunday that his artificial intelligence startup, xAI, will soon become an integral part of his social media platform, X. Simultaneously, xAI will be offered as a standalone application, expanding its accessibility to users. Musk’s unveiling of this development came through a post on his platform. Moreover, Musk, Read More…

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Global governments race to implement AI regulations amidst rapid technological advancements

In an era marked by the rapid evolution of artificial intelligence (AI), governments worldwide are grappling with the task of creating effective regulations to govern the technology’s use. Notably, Microsoft-backed OpenAI’s ChatGPT has contributed to the complexity of this issue, prompting various national and international governing bodies to take action. Australia is addressing the prevention Read More…