Tech News Archives - Nairametrics https://nairametrics.com/category/industries/tech-news/ Destination for Business news and analysis from Africa's largest economy Sat, 15 Jun 2024 07:21:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Tech News Archives - Nairametrics https://nairametrics.com/category/industries/tech-news/ 32 32 201037849 Lagos State allocates N1bn Seed Fund for Startups  https://nairametrics.com/2024/06/15/lagos-state-allocates-n1bn-seed-fund-for-startups/ https://nairametrics.com/2024/06/15/lagos-state-allocates-n1bn-seed-fund-for-startups/#respond Sat, 15 Jun 2024 06:30:50 +0000 https://nairametrics.com/?p=491297 The Lagos State government under the leadership of Governor Babajide Sanwo-Olu of Lagos State has allocated N1 billion as a seed fund for startups to the Lagos State Science, Research, and Innovation Council (LASRIC). 

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]]> https://nairametrics.com/2024/06/15/lagos-state-allocates-n1bn-seed-fund-for-startups/feed/ 0 491297 Meta trims Lagos office space after layoffs https://nairametrics.com/2024/06/14/meta-trims-lagos-office-space-after-layoffs/ https://nairametrics.com/2024/06/14/meta-trims-lagos-office-space-after-layoffs/#respond Fri, 14 Jun 2024 10:30:35 +0000 https://nairametrics.com/?p=491254 Meta, the company behind Facebook, Instagram, and WhatsApp, is trimming down its office space in Lagos.

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]]> https://nairametrics.com/2024/06/14/meta-trims-lagos-office-space-after-layoffs/feed/ 0 491254 Amazon to invest $230 million in generative AI startups globally  https://nairametrics.com/2024/06/14/amazon-to-invest-230-million-in-generative-ai-startups-globally/ https://nairametrics.com/2024/06/14/amazon-to-invest-230-million-in-generative-ai-startups-globally/#respond Fri, 14 Jun 2024 05:56:12 +0000 https://nairametrics.com/?p=491228 Tech giant, Amazon Web Service (AWS) has announced a $230 million fund for startups globally to accelerate the creation of generative AI applications. 

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]]> https://nairametrics.com/2024/06/14/amazon-to-invest-230-million-in-generative-ai-startups-globally/feed/ 0 491228 Credit scheme: FG to integrate credit score into NIN, targets 80 million Nigerians https://nairametrics.com/2024/06/13/credit-scheme-fg-to-integrate-credit-score-into-nin-targets-80-million-nigerians/ https://nairametrics.com/2024/06/13/credit-scheme-fg-to-integrate-credit-score-into-nin-targets-80-million-nigerians/#respond Thu, 13 Jun 2024 15:20:31 +0000 https://nairametrics.com/?p=491191 CREDICORP says every Nigerian who is economically active would have their credit score written on their NIN.

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]]> https://nairametrics.com/2024/06/13/credit-scheme-fg-to-integrate-credit-score-into-nin-targets-80-million-nigerians/feed/ 0 491191 Why African startups need to launch in multiple countries – Tizeti CEO https://nairametrics.com/2024/06/13/why-african-startups-need-to-launch-in-multiple-countries-tizeti-ceo/ https://nairametrics.com/2024/06/13/why-african-startups-need-to-launch-in-multiple-countries-tizeti-ceo/#respond Thu, 13 Jun 2024 07:16:52 +0000 https://nairametrics.com/?p=491161 According to him, skyrocketing exchange rate has been a major issue for African startups, especially, when they have to provide their investor updates in USD.

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]]> https://nairametrics.com/2024/06/13/why-african-startups-need-to-launch-in-multiple-countries-tizeti-ceo/feed/ 0 491161 Apple overtakes Microsoft as world’s most valuable company at $3.29 trillion valuation  https://nairametrics.com/2024/06/12/apple-overtakes-microsoft-as-worlds-most-valuable-company-at-3-29-trillion-valuation/ https://nairametrics.com/2024/06/12/apple-overtakes-microsoft-as-worlds-most-valuable-company-at-3-29-trillion-valuation/#respond Wed, 12 Jun 2024 17:23:25 +0000 https://nairametrics.com/?p=491146 iPhone maker, Apple, became the world's most valuable company overtaking Microsoft as its market valuation hit $3.29 on Wednesday. 

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]]> https://nairametrics.com/2024/06/12/apple-overtakes-microsoft-as-worlds-most-valuable-company-at-3-29-trillion-valuation/feed/ 0 491146 Nigeria data protection ecosystem now worth over N10 billion – NDPC https://nairametrics.com/2024/06/12/nigeria-data-protection-ecosystem-now-worth-over-n10-billion-ndpc/ https://nairametrics.com/2024/06/12/nigeria-data-protection-ecosystem-now-worth-over-n10-billion-ndpc/#respond Wed, 12 Jun 2024 13:11:09 +0000 https://nairametrics.com/?p=491136 The NDPC said the industry was able to attain this level of economic value due to the signing of the Data Protection Act into law on June 12, 2023.

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]]> https://nairametrics.com/2024/06/12/nigeria-data-protection-ecosystem-now-worth-over-n10-billion-ndpc/feed/ 0 491136 Seven firms pay N400 million to NDPC as sanction for data breach  https://nairametrics.com/2024/06/12/seven-firms-pay-n400-million-to-ndpc-as-sanction-for-data-breach/ https://nairametrics.com/2024/06/12/seven-firms-pay-n400-million-to-ndpc-as-sanction-for-data-breach/#respond Wed, 12 Jun 2024 08:02:55 +0000 https://nairametrics.com/?p=491123 The Nigeria Data Protection Commission (NDPC) has said that it has earned N400 million from sanctions imposed on seven firms for breaches of citizens’ data. 

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]]> https://nairametrics.com/2024/06/12/seven-firms-pay-n400-million-to-ndpc-as-sanction-for-data-breach/feed/ 0 491123 Unregistered loan apps in Nigeria shift to APK as FCCPC delists 47 from Play Store  https://nairametrics.com/2024/06/12/unregistered-loan-apps-in-nigeria-shift-to-apk-as-fccpc-delists-47-from-play-store/ https://nairametrics.com/2024/06/12/unregistered-loan-apps-in-nigeria-shift-to-apk-as-fccpc-delists-47-from-play-store/#comments Wed, 12 Jun 2024 06:34:40 +0000 https://nairametrics.com/?p=491117 Several unregistered loan apps have continued operating in the country through Android Package Kit (APK) amid the ongoing clampdown by the Federal Competition and Consumer Protection Commission (FCCPC). 

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]]> https://nairametrics.com/2024/06/12/unregistered-loan-apps-in-nigeria-shift-to-apk-as-fccpc-delists-47-from-play-store/feed/ 2 491117 High interest rates, surging non-performing loans threaten loan app business in Nigeria  https://nairametrics.com/2024/06/11/high-interest-rates-surging-non-performing-loans-threaten-loan-app-business-in-nigeria/ https://nairametrics.com/2024/06/11/high-interest-rates-surging-non-performing-loans-threaten-loan-app-business-in-nigeria/#respond Tue, 11 Jun 2024 05:39:18 +0000 https://nairametrics.com/?p=491025 The digital lending space in Nigeria is currently in dire strait as both the lenders and the borrowers are lamenting increasing non-performing loans and the high cost of borrowing. 

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]]> https://nairametrics.com/2024/06/11/high-interest-rates-surging-non-performing-loans-threaten-loan-app-business-in-nigeria/feed/ 0 491025 Apple announces integration of ChatGPT into iPhones at Developers Conference 2024  https://nairametrics.com/2024/06/11/apple-announces-integration-of-chatgpt-into-iphones-at-developers-conference-2024/ https://nairametrics.com/2024/06/11/apple-announces-integration-of-chatgpt-into-iphones-at-developers-conference-2024/#respond Tue, 11 Jun 2024 05:31:04 +0000 https://nairametrics.com/?p=491024 Device maker, Apple, has unveiled its AI strategy with the announcement of the much-expected integration of OpenAI’s ChatGPT into iPhones. 

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]]> https://nairametrics.com/2024/06/11/apple-announces-integration-of-chatgpt-into-iphones-at-developers-conference-2024/feed/ 0 491024 African startups raise $187 million in May 2024 – Report https://nairametrics.com/2024/06/10/african-startups-raise-187-million-in-may-2024-report/ https://nairametrics.com/2024/06/10/african-startups-raise-187-million-in-may-2024-report/#respond Mon, 10 Jun 2024 11:10:59 +0000 https://nairametrics.com/?p=490976 The report shows that 64 ventures received at least $100,000 in funding, a very high number compared to previous months, while 17 startups raised at least $1 million.

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]]> https://nairametrics.com/2024/06/10/african-startups-raise-187-million-in-may-2024-report/feed/ 0 490976 These 9 tech billionaires have gained $226 billion this year already  https://nairametrics.com/2024/06/10/these-9-tech-billionaires-have-gained-226-billion-this-year-already/ https://nairametrics.com/2024/06/10/these-9-tech-billionaires-have-gained-226-billion-this-year-already/#respond Mon, 10 Jun 2024 09:10:57 +0000 https://nairametrics.com/?p=490963 The CEOs of Nvidia and Meta, Jensen Huang and Mark Zuckerberg, along with seven other tech billionaires, have seen their net worth increase by a combined $266.4 billion nearly six months into 2024. 

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]]> https://nairametrics.com/2024/06/10/these-9-tech-billionaires-have-gained-226-billion-this-year-already/feed/ 0 490963 Chinese brands dominate as NCC approves 2,257 phones for Nigerian market https://nairametrics.com/2024/06/09/chinese-brands-dominate-as-ncc-approves-2257-phones-for-nigerian-market/ https://nairametrics.com/2024/06/09/chinese-brands-dominate-as-ncc-approves-2257-phones-for-nigerian-market/#respond Sun, 09 Jun 2024 09:20:06 +0000 https://nairametrics.com/?p=490918 The devices, which are of different brands and models are those that have been tested by the telecoms regulator and found to meet the applicable type approval standards required to allow them to be sold to consumers in Nigeria.

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]]> https://nairametrics.com/2024/06/09/chinese-brands-dominate-as-ncc-approves-2257-phones-for-nigerian-market/feed/ 0 490918 AfDB partners Intel to train 3 million Africans in AI https://nairametrics.com/2024/06/08/afdb-partners-intel-to-train-3-million-africans-in-ai/ https://nairametrics.com/2024/06/08/afdb-partners-intel-to-train-3-million-africans-in-ai/#respond Sat, 08 Jun 2024 15:13:42 +0000 https://nairametrics.com/?p=490887 The African Development Bank and technology giant Intel have formalized their cooperation to equip 3 million Africans and 30,000 government officials with AI skills.

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]]> https://nairametrics.com/2024/06/08/afdb-partners-intel-to-train-3-million-africans-in-ai/feed/ 0 490887 Digital skills: NITDA forges partnership with NYSC to train 30 million Nigerians   https://nairametrics.com/2024/06/07/digital-skills-nitda-forges-partnership-with-nysc-to-train-30-million-nigerians/ https://nairametrics.com/2024/06/07/digital-skills-nitda-forges-partnership-with-nysc-to-train-30-million-nigerians/#respond Fri, 07 Jun 2024 15:28:52 +0000 https://nairametrics.com/?p=490844 The National Information Technology Development Agency (NITDA) said it has partnered strategically with the National Youth Service Corp (NYSC) to train 30 million Nigerians on digital skills. 

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]]> https://nairametrics.com/2024/06/07/digital-skills-nitda-forges-partnership-with-nysc-to-train-30-million-nigerians/feed/ 0 490844 Startup Act: NITDA inaugurates labelling committee as over 12,948 startups register  https://nairametrics.com/2024/06/07/startup-act-nitda-inaugurates-labelling-committee-as-over-12948-startups-register/ https://nairametrics.com/2024/06/07/startup-act-nitda-inaugurates-labelling-committee-as-over-12948-startups-register/#respond Fri, 07 Jun 2024 09:50:31 +0000 https://nairametrics.com/?p=490809 The National Information Technology Development Agency (NITDA) has inaugurated a Startup Labelling Committee as part of moves to implement the Nigeria Startup Act (NSA)  

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]]> https://nairametrics.com/2024/06/07/startup-act-nitda-inaugurates-labelling-committee-as-over-12948-startups-register/feed/ 0 490809 Meta’s plan to use Facebook, Instagram data to train AI faces opposition in Europe  https://nairametrics.com/2024/06/06/metas-plan-to-use-facebook-instagram-data-to-train-ai-faces-opposition-in-europe/ https://nairametrics.com/2024/06/06/metas-plan-to-use-facebook-instagram-data-to-train-ai-faces-opposition-in-europe/#respond Thu, 06 Jun 2024 09:14:30 +0000 https://nairametrics.com/?p=490741 A plan by Meta to use the personal data of Facebook and Instagram users’ data to train its Artificial Intelligence (AI) models has been rejected by an advocacy group in Europe. 

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]]> https://nairametrics.com/2024/06/06/metas-plan-to-use-facebook-instagram-data-to-train-ai-faces-opposition-in-europe/feed/ 0 490741 African fintech startups to receive $25,000 through timbuktoo accelerator program  https://nairametrics.com/2024/06/06/african-fintech-startups-to-receive-25000-through-timbuktoo-accelerator-program/ https://nairametrics.com/2024/06/06/african-fintech-startups-to-receive-25000-through-timbuktoo-accelerator-program/#respond Thu, 06 Jun 2024 06:56:24 +0000 https://nairametrics.com/?p=490714 The United Nations Development Program (UNDP) has announced the opening of applications for its timbuktoo Fintech Startup Accelerator program, where selected African startups will receive $25,000 equity-free funding.  

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]]> https://nairametrics.com/2024/06/06/african-fintech-startups-to-receive-25000-through-timbuktoo-accelerator-program/feed/ 0 490714 AI adoption surges to 72% globally in 2024 amid risk concerns – McKinsey   https://nairametrics.com/2024/06/05/ai-adoption-surges-to-72-globally-in-2024-amid-risk-concerns-mckinsey/ https://nairametrics.com/2024/06/05/ai-adoption-surges-to-72-globally-in-2024-amid-risk-concerns-mckinsey/#comments Wed, 05 Jun 2024 06:43:28 +0000 https://nairametrics.com/?p=490625 A global survey by consulting firm, McKinsey, has revealed that there has been a surge in the adoption of AI by businesses to 72% in 2024 from 55% in 2023. 

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]]> https://nairametrics.com/2024/06/05/ai-adoption-surges-to-72-globally-in-2024-amid-risk-concerns-mckinsey/feed/ 1 490625