Nigeria’s E-Payment Transactions Surge to N284.9 Trillion in Q1 2025 as NIBSS Launches National Payment Stack
Electronic payment transactions in Nigeria soared to ₦284.9 trillion in Q1 2025, according to the latest figures from the Nigeria Inter-Bank Settlement System (NIBSS). T
Tesla Signs $16.5 Billion Chip Supply Deal with Samsung to Produce Next-Gen AI Chips
Tesla CEO Elon Musk has announced a landmark $16.5 billion chip supply agreement with Samsung Electronics, marking a significant milestone for both companies.
Blu Penguin and Network International Partner to Enable Mobile Money Payments Across Africa
In a major move to boost digital payments and financial inclusion in West Africa, Blu Penguin, a Ghana-based fintech and mobile money aggregator, has partnered with Network International, a leading digital commerce enabler across the Middle East and Africa.
McKinsey Bans Generative AI Projects in China Amid Rising U.S. Scrutiny
Global consulting giant McKinsey & Company has instructed its mainland China operations to avoid generative AI-related projects, according to a report by the Financial Times.
Amazon Acquires AI Wearable Startup Bee, Maker of Smart Transcribing Bracelet
Amazon is making a fresh move into the AI wearable tech space with the acquisition of Bee, a San Francisco-based startup that developed a $50 AI-powered bracelet capable of listening, transcribing, and summarising conversations.
OpenAI, Oracle to Add 4.5GW Data Centre Capacity Amid $500B Stargate AI Expansion
In a major move to strengthen U.S. leadership in artificial intelligence infrastructure, OpenAI and Oracle have announced plans to develop an additional 4.5 gigawatts of AI data centre capacity.
Bitget Launches $6 Million Global Crypto Trading Competition: KCGI 2025 Details Revealed
Leading cryptocurrency exchange and Web3 company Bitget has officially launched its annual global trading competition, KCGI 2025, offering participants the chance to compete for a massive $6 million USDT prize pool.
Hong Kong Investigates Louis Vuitton Data Leak Impacting 419,000 Customers
Hong Kong’s privacy authority has launched a formal investigation into a major data leak at luxury fashion brand Louis Vuitton, which exposed the personal information of approximately 419,000 customers.
China Commerce Minister Discusses AI and Foreign Investment with Nvidia CEO Jensen Huang
China’s Commerce Minister Wang Wentao met with Nvidia CEO Jensen Huang on Thursday, emphasising China’s commitment to foreign investment and deeper cooperation in the field of artificial intelligence (AI).
Citi and Ant International Launch AI-Powered FX Tool to Help Businesses Cut Hedging Costs
Citigroup and Singapore-based fintech firm Ant International have announced the launch of a pilot program using artificial intelligence (AI) to help businesses manage foreign exchange (FX) risk more efficiently.
