Tech stocks rebounded from a disastrous 2022 and lifted the Nasdaq to one of its strongest years in the past two decades. According to CNBC, after last year’s 33 per cent plunge, the tech-heavy Nasdaq finished 2023 up 43 per…
Interswitch and Vienna Payment Solutions have announced a partnership to enhance payment solutions for banks, hospitality industry players, on-the-go services, financial institutions, and retailers. According to the firms, the collaboration involves the introduction of VIPASO, which comprises two distinct applications.…
Tech4Dev, a non-profit social enterprise, has announced the launch of an outsourcing enterprise aimed at employing 100,000 young Africans over the next seven years. The firm stated that the creation of its new enterprise, Taltrix, was driven by the need…
Enterprises invested more than $19.4bn worldwide on GenAI solutions in 2023, an updated forecast from International Data Corporation has shown. According to the firm, this spending was on GenAI software as well as related infrastructure hardware and IT/business services. It…
Startups in Nigeria and other African countries have borrowed $2bn in the last 10 years to bridge their funding gap, according to a report by Briter Bridges. The report, which had the theme ‘Debt financing in Africa’s innovative ecosystem’, noted…
Globacom has stated that it will continue to empower more Nigerians in 2024. The firm, in a release on Sunday, stated that it would sustain that through its loyalty reward schemes and new product and service offerings. The firm said,…
Investment in the telecommunications sector dropped to $111.91m in the first three quarters of 2023, down 61.22 per cent from $288.55m in the same period of 2022, according to the National Bureau of Statistics. This coincides with a dry period…
Cybercriminals are using artificial intelligence to conduct thorough research on potential victims, the National Information Technology Development Agency has disclosed. The agency noted that this enabled them to create personalised messages to effectively deceive victims into divulging sensitive information. It…
U.S. chipmaking giant, Nvidia, is set to launch an adjusted version of a gaming processor with slower performance in China to comply with U.S. export restrictions. According to CNBC, the new Nvidia RTX 4090D, which a spokesperson says will be…
DefenCe tech startup, Shield AI, has expanded its latest funding round with another $300m in equity and debt, bringing its total Series F to $500m, TechCrunch has reported. According to TechCrunch, this total amount reflects $200m in equity closed in…
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