In recent discussions, the Ghana Civil Society Organization (CSO) Consortium on Safeguarding Youth Digital Inclusion has made compelling points urging the government to invest significantly in digital infrastructure. This call comes amid a growing recognition of the crucial role that such infrastructure plays in enhancing internet access nationwide. The consortium has highlighted the necessity for […]
TikTok, the popular social media platform owned by ByteDance, is undergoing significant changes as it shifts towards artificial intelligence (AI)-based content moderation. This move has resulted in the layoff of hundreds of employees worldwide, highlighting a major transformation in how the company manages its vast volume of user-generated content. The layoffs reflect TikTok’s strategic focus […]
In a significant move for the decentralized finance sector, Ethena, a prominent protocol, has announced its decision to allocate $46 million from its Reserve Fund towards tokenised real-world assets. This strategic investment aims to enhance Ethena’s financial ecosystem by integrating tangible assets, reflecting a growing trend within the fintech landscape. The chosen assets include investments […]
The global push towards central bank digital currencies (CBDCs) has encountered significant resistance from key players in the financial industry. The recent decisions by the Reserve Bank of Australia and the Bank of Canada to scale down their CBDC projects raise critical questions about the necessity and viability of these digital currencies. Adding to this […]
In a bold move set to disrupt the accounting software landscape, Numeric, an AI-driven accounting startup, has raised $28 million in its latest Series A funding round. Co-founded in 2020 by Parker Gilbert, Numeric has gained notable traction for its innovative approach to streamlining the month-end and quarter-end financial closing processes which have traditionally been […]
In a time marked by shifting economic landscapes and varying demands, Siemens is steering its business strategy towards digital solutions, particularly through its innovative platform Xcelerator. This approach is set to redefine how industrial software fuels growth and boosts operational efficiency across its diverse sectors. Siemens has been facing challenges, particularly in its factory automation […]
In a landmark decision, the European Union has enacted a directive aimed at modernising civil liability laws. This significant update is designed to bolster consumer protection while responding to the growing influence of technological advancements and the principles of the circular economy. The revision of these laws, which now encompasses a wider definition of what […]
In a significant move that could reshape the automotive industry, Bosch has announced a collaboration with US-based chip startup Tenstorrent, aimed at standardising the development of automotive chip technology. This partnership addresses the growing complexity in the automotive sector, particularly as vehicles evolve into advanced computing platforms. The duo plans to establish a standard platform […]
The cryptocurrency landscape is on the brink of transformation as regulatory frameworks like the Markets in Crypto-Assets Regulation (MiCA) loom. While the intention behind MiCA is to bring stability and security to the market, its implications pose a significant challenge for Tether, the issuer of USDT, the world’s largest stablecoin. Currently, Tether’s future in Europe […]
In a significant diplomatic exchange that took place recently, China urged the United States to reconsider its sanctions on Chinese companies, particularly those involved in the semiconductor and intelligent connected vehicle sectors. This appeal underscores the necessity for a stable business environment that fosters cooperation between the two largest economies in the world. During a […]
