Technology

FG moves to regulate TikTok content to promote national interest

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The Federal Government of Nigeria has announced plans to regulate TikTok content to promote skill development, national cohesion, and responsible digital engagement. Minister of Information and National Orientation, Mohammed Idris, clarified that the government is not seeking a ban. “We are not restricting freedom of expression or creativity. We are ensuring that digital platforms operating […]

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The SEC reports over $50 billion in crypto transactions in Nigeria between July 2023 and June 2024, highlighting growing digital activity and low capital market participation.

Nigeria hits over $50 billion crypto transactions in one year — SEC

Technology / /

The Securities and Exchange Commission (SEC) has disclosed that crypto transactions in Nigeria exceeded $50 billion between July 2023 and June 2024, raising concerns over the low level of participation in the traditional capital market. SEC Director-General, Emomotimi Agama, said in a statement on Sunday that while millions of Nigerians actively trade in digital assets,

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Ferrari to integrate AI, crypto in Le Mans car auction

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Ferrari is preparing to integrate AI and crypto in its upcoming Le Mans car auction, signaling a major step into digital innovation for the luxury automaker. The company plans to launch a new cryptocurrency token in partnership with Italian fintech firm Conio. The token will allow select members of Ferrari’s Hyperclub, a community of 100

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Meta blocks Facebook, Instagram, and Threads accounts for users under 16 as Australia’s new social media law takes effect, with platforms freezing profiles and parents welcoming the move to protect children online.

Meta to lay off 600 employees in AI unit

Technology / /

Meta, the parent company of Facebook and Instagram, plans to lay off about 600 employees from its artificial intelligence division as part of a restructuring effort aimed at improving efficiency after a period of heavy hiring. The layoff will affect teams within the company’s Superintelligence Labs, including those working on AI products, infrastructure, and the

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General Motors to launch ‘eyes-off’ driving in 2028

Technology / /

General Motors (GM) says it will introduce its new “eyes-off” driving technology by 2028, giving drivers the freedom to take their hands and eyes off the wheel while the car handles the journey. The automaker revealed the plan during a technology showcase in New York, describing it as a major step toward fully autonomous driving.

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Prince Harry and Meghan Markle have joined a global coalition of leaders and experts calling for a ban on superintelligent AI systems.

AI: Prince Harry, Meghan, join call for ban on superintelligent systems

Technology / /

Prince Harry and Meghan Markle have joined a global coalition of leaders, scientists, and technology experts calling for a ban on superintelligent AI systems. The Duke and Duchess of Sussex are among the signatories of a new statement urging governments and tech companies to stop developing artificial systems that could surpass human intelligence. These systems,

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OpenAI has unveiled ChatGPT Atlas, an AI browser designed to integrate artificial intelligence directly into everyday web use, introducing new competition for Google in the browser market.

OpenAI launches AI browser Atlas, gives Google new competition

Technology / /

OpenAI has unveiled ChatGPT Atlas, an AI browser designed to integrate artificial intelligence directly into everyday web use, introducing new competition for Google in the browser market. Announced on Tuesday, ChatGPT Atlas is built around OpenAI’s flagship chatbot and combines search, productivity, and real-time assistance. The browser lets users open a ChatGPT sidebar to summarize

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Nestlé, the world’s largest food company, has announced plans to cut 16,000 jobs globally over the next two years as AI and automation in the workplace drive major cost reductions and efficiency reforms.

AI taking jobs: Nestlé to cut out 16,000 jobs partly due to automation

Technology / /

Nestlé, the world’s largest food company, has announced plans to cut 16,000 jobs globally over the next two years as AI and automation in the workplace drive sweeping changes in its operations. The company said the restructuring aims to reduce costs and boost productivity amid rising global competition. In a statement on Thursday, Nestlé revealed

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