In an era where cyber threats loom large and infrastructure vulnerabilities are exposed, Nigeria faces a critical challenge within its telecommunications sector. Recent proposals from IHS Towers, the Association of Licensed Telecoms Operators of Nigeria (ALTON), and the Nigerian Communications Commission (NCC) have outlined strategic initiatives aimed at safeguarding the nation’s telecom infrastructure from cyber […]
US Dominates AI Funding, but Europe Shows Rapid Growth
The artificial intelligence (AI) sector is witnessing unprecedented investment growth, particularly in the United States, while Europe is rapidly catching up. Recent reports indicate that global funding for AI and cloud companies is set to hit $79.2 billion by the end of 2024, highlighting a resurgence after a challenging three years. This revival reflects a […]
Schneider Expands Data Centre Offerings with $850 Million Deal
Schneider Electric, a global leader in energy management and automation, has recently unveiled a significant strategy shift with its announcement of an $850 million acquisition of a 75% stake in Motivair Corp. This U.S.-based company specializes in liquid cooling solutions tailored for high-performance computing. This all-cash deal is set to be completed in the forthcoming […]
Thailand’s First Stablecoin-Driven International Payment System
Siam Commercial Bank (SCB) is leading Thailand into a new frontier of financial transactions with the launch of its first stablecoin-driven international payment system. This innovative platform, developed in partnership with SCB 10X and Lightnet, has the potential to redefine the landscape of cross-border payments, providing businesses and consumers with a more efficient way to […]
Mekong Partnership Strengthens Regional Digital Security
The Mekong-U.S. Partnership (MUSP) has recently taken significant steps to bolster regional digital security through a policy dialogue focused on online scams. Hosted in Bangkok, the seminar gathered officials from Thailand, the United States, and Vietnam, marking an essential initiative aimed at countering cybersecurity threats and enhancing cooperation in combating online crime throughout the Mekong […]
Alabama Man Arrested for Hacking SEC's X Account
In a striking incident highlighting the vulnerabilities of digital platforms, a 25-year-old man from Alabama named Eric Council Jr. was arrested for allegedly hacking into the US Securities and Exchange Commission’s (SEC) X account. This breach occurred in January and revolved around a fabricated tweet that claimed the approval of Bitcoin exchange-traded funds, effectively triggering […]
US adopts 'click to cancel' rule for easier subscription management
In a significant move towards consumer protection, the United States Federal Trade Commission (FTC) has introduced a new ‘click to cancel’ rule aimed at simplifying the cancellation process for subscriptions. This directive ensures that businesses must provide an equally straightforward method for cancelling subscriptions as it is to initiate them. Under the new regulations, customer […]
Mistral Launches Edge AI Models Prioritizing Privacy in the Digital Age
In the world of artificial intelligence, Mistral, a French startup, is making significant strides with the introduction of its latest models: Ministral 3B and Ministral 8B. Designed specifically for edge devices such as laptops and mobile phones, these generative AI models are aimed at ensuring robust performance while prioritizing user privacy—an increasingly critical concern in […]
Apple Resolves App Store Glitch Affecting Downloads
On October 18, 2024, users across the United States and Europe faced significant difficulties when attempting to download apps from Apple’s App Store. Reports indicated that the glitch lasted for approximately one and a half hours, starting at around 11 AM ET and only resolving around 12:30 PM ET. During this period, customers attempting to […]
Lightmatter Secures $400 Million for Photonic Chip Innovation Amid AI Surge
In a significant financial boost for technological advancements in artificial intelligence, Lightmatter has announced it has raised $400 million in a Series D funding round, led by the investment firm T. Rowe Price. This funding marks a major milestone for the startup, bringing its valuation to an impressive $4.4 billion. The financial influx comes at […]
