Although there are promising positive impact of Internet of Things (IoT) when game-changing technologies and innovations are deployed for the common good of all, there are indeed challenges that the tech, telecoms and ICT must tackle. That was the focus of a panel discussion at the ongoing IoT West Africa Conference and Exhibition in Lagos, […]
Read MoreUnauthorized bank transfers. Identity theft. Fooled by deep fakes. No one is too old, too young or too poor to escape being targeted by thieves. “Cybercrime affects everyone, and the threats are constantly changing,” warns trusted cybersecurity expert Greg Schaffer. “Criminals know that accessing lots of smaller accounts can add up quickly.” Surprisingly, Schaffer says […]
Read MoreSmall and Medium Enterprises (SMEs) in the country have been advised to embrace Artificial Intelligence (AI) technology to grow their businesses. Founder AI Nigeria, Ehia Erhabor, made this submission in his presentation titled “ Using AI for business innovation” delivered at the Ecobank MySME Growth Series webinar. He emphasied that AI is a gamechanger particularly […]
Read MoreAfrica now has an artificial intelligence (AI) institute dedicated to the defence and military sector, as part of the hubs of the AI Institute of South Africa (AIISA). ITWeb first reported on the imminent launch of the AI hub at the South African Military Academy last month. On Friday, communications minister Mondli Gungubele officially launched the Defence Artificial Intelligence […]
Read MoreThe AI renaissance that started last year continued in 2024, with more consumers and companies embracing artificial intelligence tools in their everyday lives. Last year, around 255 million people worldwide used some AI tools, mostly generative AI. This figure is set to jump to 315 million in 2024. Still, the following years will see even […]
Read MoreLast year, less than 100 companies joined the global unicorn club, the lowest number since 2017 and a steep drop compared to 2022 and 2023, which saw hundreds of private startups valued at $1 billion or more. Still, in a year that showed becoming a unicorn is much harder than before, AI companies turned out […]
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If you are wondering how to get scarce foreign currency to start up a business that requires imported inputs, there is an idea on that popping up from the Chief Executive Officer of Information Connectivity Solutions Limited (ICSL), Mr Yemi Oshodi who spend 25 years of his business life on the Wall Street before returning […]
Read MoreLast year, the average data breach cost for an organization not using AI-enabled cybersecurity was $4.45 million. This value was 40% or $1.8 million lower for companies that did. The rising number of companies and organizations using AI-boosted cybersecurity systems has given quite a momentum to this market, which is expected to snowball in the […]
Read MoreWhile the country marks the World Consumer Day last week, the Nigerian Communication Commission (NCC), took time to warn AI Developers of the need to be transparent about the data, algorithms, and models used in AI systems stating that this ensures that decisions made by AI can be explained and mistakes can be fixed to […]
Read MoreAs businesses increasingly turn to AI for process automation and optimization, the demand for personalized visual solutions is on the rise. In 2024, 34% of companies have integrated AI into their operations, with an additional 42% actively considering implementation, and of those utilizing AI, 53% are used for production. While generative visual AI models like Midjourney or Stable […]
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