Technology

IoT Market Marked Another Double-Digit Growth as Revenue Increased by 18% 

As one of the technologies driving Industry 4.0, along with artificial intelligence, Big Data, robotics, and automation, the Internet of Things (IoT) has entered almost every market over the past years, providing seamless communication between people, processes, and devices. Although the global semiconductor shortage has slowed the market growth compared to pre-pandemic levels, the global […]

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Technology

NITDA Mulls Integration of Artificial Intelligence to Tackle National Insecurity

Nigeria needs to integrate artificial intelligence to enable the nation tackle the myriad of insecurity issues facing it. According to the Director General of the National Information Technology Development Agency (NITDA), Mr Kashifu Inuwa, the country needs collaboration between the security industry and the startup ecosystem to address the issues. Inuwa while hosting the Commandant […]

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Internet

Lagos Motorshow to Feature Tech Theater Dedicated to AI & Electric Cars, Proceeds Marked for Charity Works

The Lagos Motorshow will feature a dedicated technology exhibition that will feature new innovation, Internet of things (IoT) in automobiles and other developments in the automotive industry, including Electric Vehicles, Electric Tricycles and gas-powered low emission ECO friendly vehicles. At a press conference unveiling key features of the event, the organisers disclosed that the exhibition […]

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Business

UK Govt Doles Regulators £10m Ahead of AI Rave

The UK government has decided to bung regulators £10 million to help make them ready for the rigours of handling everyone’s favourite fast-growing technology buzz topic: artificial intelligence. The move forms part of a broader funding allocation into AI. It comes alongside another £90 million to be ploughed into nine new UK-based AI research hubs […]

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Technology

Green Energy, AI Solution from Dyque with 15-Miniute Stackable Installation Enters Nigerian Market

Dyque, an energy technology manufacturer, is pushing the boundaries of technology with revolutionary products and solutions, powered by a commitment to cutting-edge technology, outstanding service, and in-depth consumer insights. Dyque Cube, the world’s first 5-in-1 A1-empowered system, epitomizes its innovation, offering a 15-minute stackable installation, 5 layers battery protection with 280Ah capacity, V2X bi-directional charging, […]

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Financial

Machine Learning Industry Entire Market to Hit $205bn Value in 2024, Says Report

After a challenging 2022, which brought a massive 46% drop, the machine learning market size skyrocketed by 120% and hit $158.8 billion last year. However, the surging demand for AI-driven solutions across industries is expected to continue fuelling market growth this year, with the machine learning industry reaching a new record valuation. According to data […]

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Business

AI Set to Disrupt Telecoms Operations, Vendors Tipped as Worst Target

As AI, which includes generative AI (genAI), continues to be a hotly debated topic and a key trend in 2024 for all things telecoms and tech, this article looks at the implications of AI on the telecoms industry, including its impact on workforce, intensified geopolitical tensions over chips (not the edible variety), and the opportunities […]

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News

Generative AI to Become $100bn Industry by 2026

A decade ago, it was hard to imagine companies and consumers worldwide using generative artificial intelligence daily to automate tasks, write documents, do market research, or even basic coding. However, the rise of large language models and generative AI has only started, with the market expected to hit a massive milestone in the next two […]

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Business

AI Holds Risks but with ‘Tremendous Opportunity’ for Global Economy, Says IMF Chief

Artificial intelligence poses risks to job security around the world but also offers a “tremendous opportunity” to boost flagging productivity levels and fuel global growth, the IMF chief told AFP. AI will affect 60 percent of jobs in advanced economies, the International Monetary Fund’s managing director, Kristalina Georgieva, said in an interview in Washington, shortly […]

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Technology

NITDA Lauds HND Computer Science Unbundling, Says, ‘ll Bridge IT Skills’ Gaps

The National Information Technology Development Agency (NITDA) has commended the recent decision by the National Board for Technical Education (NBTE) to unbundle the Higher National Diploma (HND) in Computer Science programme into four distinct specialisations: Artificial Intelligence, Network & Cloud Computing, Software & Web Development, and Cybersecurity and Data Protection. This visionary move is not […]

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