OpenAI has reportedly agreed to cap the total revenue it shares with Microsoft at $38 billion, a significant development that marks how the balance of power inside one of Silicon Valley’s most consequential partnerships is beginning to evolve as the artificial intelligence industry enters a new phase. According to a report by The Information, the […] The post OpenAI Reportedly Agrees to Cap Revenue Sharing with Microsoft at $38bn appeared first on Tekedia.

The rapid commercialization of artificial intelligence has entered a new phase as OpenAI moves beyond building models and into helping enterprises deploy them at scale. In a significant strategic expansion, OpenAI has reportedly created a deployment-focused company designed to assist businesses in integrating AI systems directly into their operations. The move signals a broader transformation […] The post OpenAI’s Move into Deployment Services Demonstrates AI is Entering a Commercial Stage  appeared first on Tekedia.

Michael Saylor’s latest remarks about Strategy’s Bitcoin policy reinforces a message the company has communicated for years: Bitcoin is not simply a treasury reserve asset for the firm, but the foundation of its long-term corporate strategy. In a recent statement, Saylor explained that Strategy would aim to buy “10 to 20 Bitcoin for every one […] The post Strategy Does not View Bitcoin as a Speculative Tradeable Asset appeared first on Tekedia.

The explosive intersection of artificial intelligence and cryptocurrency speculation reached a new extreme when traders on the decentralized exchange Hyperliquid paid annualized fees as high as 8,700% to maintain leveraged synthetic positions tied to the valuation of AI startup Anthropic. The phenomenon reflects the growing appetite for AI-linked financial exposure, even when the underlying company […] The post Hyperliquid Paid Annualized Fees as High as 8,700% to Maintain Leveraged Synthetic Positions appeared first on Tekedia.

The rapid convergence of cryptocurrency and traditional finance has entered a new phase, and the United Arab Emirates is positioning itself at the center of that transformation. In a significant development for the global digital asset industry, Crypto.com announced that its UAE entity, Foris DAX Middle East FZE, has secured a Stored Value Facilities (SVF) […] The post Crypto.com Receiving an SVF License from the UAE Central Bank Represents Major Height in Crypto Adoption appeared first on Tekedia.

eBay has formally rejected GameStop’s surprise $56 billion takeover proposal, delivering a sharp rebuke to Chief Executive Ryan Cohen’s attempt to transform the struggling meme-stock retailer into a diversified acquisition vehicle modeled loosely on Warren Buffett’s Berkshire Hathaway. In a blunt letter Tuesday, eBay Chairman Paul Pressler said the board had reviewed the unsolicited proposal […] The post EBay Rejects GameStop’s $56bn Bid, Exposing Risks in Ryan Cohen’s ‘Instant Berkshire’ Gamble appeared first on Tekedia.

The return of global inflation fears has once again placed central banks in a difficult position, as the ongoing Iran war disrupts energy markets and threatens to reverse months of progress against rising consumer prices. What began as a geopolitical conflict in the Middle East has rapidly evolved into a major economic concern, particularly for […] The post The Return of Global Inflation Fears has Placed Central Banks in Difficult Positions appeared first on Tekedia.

Germany’s decision to extend employment guarantees at the former Russian-owned refinery highlights the complex intersection of energy security, geopolitics, industrial policy, and labor protection in Europe’s largest economy. The refinery, once controlled by Russian interests through energy giant Rosneft, has become a symbol of Germany’s broader struggle to reduce dependence on Russian energy while maintaining […] The post Germany Extends Employment Guarantee at Former Russian-owned Refinery appeared first on Tekedia.

Siemens has agreed to acquire Italian rail technology company Mer Mec in a deal valued at about 1 billion euros ($1.17 billion), according to a person familiar with the matter cited by Reuters. The acquisition, expected to be announced this week, would significantly expand the software, analytics, and signaling capabilities of Siemens Mobility, the German […] The post Siemens Moves to Deepen Rail Software Push With €1 Billion Mer Mec Acquisition appeared first on Tekedia.

Jumia, Africa’s e-commerce platform, has reported strong first-quarter (Q1) 2026 financial results, posting significant growth in revenue and gross merchandise value (GMV) while narrowing its losses as the company pushes toward profitability. The company announced revenue of $50.6 million for the quarter ended March 31, 2026, representing a 39% increase compared to $36.3 million recorded […] The post Jumia Records Strong Q1 2026 Results as Revenue Surges 39%, Reaffirms Path to Profitability appeared first on Tekedia.

Google Just Redesigned Every Emoji on Android – and They Are Now 3D Google just announced that every single emoji on Android is getting a redesign. All 4,000 of them. The… TechCity

Smart Doorbell Privacy: The Problem Nobody Is Talking About Smart home security devices are everywhere now. From video doorbells to indoor cameras, millions of people use them… TechCity

Google I/O 2026: What the Announcements Actually Mean for Everyday Users Updated May 12, 2026: Google’s Android Show aired today and confirmed several of the announcements covered in this… TechCity

The event explored the integration of Gemini Intelligence across several devices, including the newly unveiled Googlebook.

Google's central message was that Android is moving from being an operating system to what it calls an “intelligent system.”

The resurgence of institutional interest in cryptocurrency has taken another significant step forward as Bitcoin exchange-traded funds (ETFs) recorded an impressive $3.4 billion in inflows during their longest winning streak since 2025. This sustained momentum reflects a growing confidence among investors that Bitcoin is evolving beyond a speculative digital asset into a mainstream financial instrument […] The post Bitcoin Exchange-Traded Funds Have Recorded $3.4B Inflows since 2025 appeared first on Tekedia.

Africa’s startup investment ecosystem is witnessing a noticeable slowdown in 2026, with both deal volume and investor participation declining sharply, according to the latest report by Africa: The Big Deal. The report revealed that only 162 unique investors participated in at least one non-exit deal worth $100,000 or more between January and April 2026. This […] The post Fewer Investors Backing African Startups as Deal Activity Slows in 2026 – Report appeared first on Tekedia.

Michael Burry, the contrarian investor renowned for foreseeing the 2008 subprime mortgage crisis and profitably betting against it, has delivered a sobering message to investors amid the ongoing surge in technology and artificial intelligence stocks. He warned that the market has entered historically perilous territory marked by speculative excess, and it is time to reduce […] The post Michael Burry Sounds Alarm on AI-Driven Tech Rally, Urging Investors to Reject Greed and Scale Back Exposure appeared first on Tekedia.

China’s domestic car market extended its downturn for a seventh consecutive month in April, underscoring deepening stress in the world’s largest auto industry as weak consumer confidence, high fuel prices, and slowing economic growth continue to weigh on demand at home. Data released Monday by the China Passenger Car Association showed domestic vehicle sales fell […] The post China’s Auto Market Slumps Again as Consumers Pull Back, Forcing Carmakers to Rely on Overseas EV Boom appeared first on Tekedia.

Wall Street’s record-breaking rally hit a pause on Monday as renewed concerns over the stalled U.S.-Iran peace process injected fresh uncertainty into markets already grappling with rising oil prices and the prospect of stickier inflation. The pullback was modest, but it reflected growing investor caution after weeks of relentless gains that pushed the S&P 500 […] The post Wall Street Rally Loses Steam as Iran Tensions Reignite Inflation Fears Ahead of CPI Data appeared first on Tekedia.

A JPMorgan Chase-led syndicate of banks sharply reduced its commitment to one of the largest publicly traded business development companies (BDCs) in the private credit space, just days before co-manager KKR stepped in with a substantial rescue package aimed at stabilizing the beleaguered fund. FS KKR Capital Corp., co-managed by KKR and Future Standard, announced […] The post JPMorgan-Led Banks Slash Exposure to Struggling FS KKR Capital Fund Days Before KKR’s $300m Lifeline appeared first on Tekedia.

U.S. President Donald Trump is heading into one of the most consequential meetings of his second term with Chinese President Xi Jinping this week, accompanied by a powerful delegation of Wall Street and Silicon Valley executives. Trump’s trip is also accompanied by mounting pressure at home to block Chinese vehicles from entering the American market. […] The post Trump Takes Musk, Cooper, other America’s Corporate Elite, to China as Industry Groups Demand Tough Line on Chinese EV Threat appeared first on Tekedia.

Financial Times’ 2026 ranking of Africa’s Fastest-Growing Companies, an annual list that features 130 high-growth businesses across the continent, has featured 30 startups in its rankings.

How to Block Spam Calls on iPhone and Android (Under 2 Minutes) Spam calls are not slowing down. According to Truecaller’s 2024 U.S. Spam and Scam Report, 56.2 million Americans… TechCity

China’s producer inflation accelerated sharply in April to its highest level in nearly four years, highlighting how the Middle East conflict is beginning to ripple through the world’s second-largest economy and complicate Beijing’s efforts to revive weak domestic demand. Data released by the National Bureau of Statistics of China on Monday showed the producer price […] The post China’s Factory-Gate Inflation Surges to Nearly Four-Year High as Iran War Drives Energy Shock Through Economy appeared first on Tekedia.

With President Donald Trump set to meet Chinese President Xi Jinping this week, a broad coalition spanning the American auto sector, steelmakers, unions, and politicians from both parties is pressing him with one clear demand: keep Chinese cars out of the United States. The intense lobbying effort stems from fears that Chinese automakers, backed by […] The post Trump-Xi Summit: U.S. Auto Industry and Bipartisan Coalition Warn Trump: No Chinese Cars in America appeared first on Tekedia.

Strategy, the largest corporate holder of Bitcoin, has purchased an additional 535 BTC for approximately $43 million, continuing its aggressive Bitcoin accumulation strategy under Executive Chairman Michael Saylor. The company acquired the Bitcoin at an average price of $80,340 per coin. This brings Strategy’s total Bitcoin holdings to 818,869 BTC, purchased at a blended average […] The post Strategy Acquires 535 Bitcoin For $43 Million, Boosting Holdings to 818,869 BTC appeared first on Tekedia.

The acquisition is Jiji's first outside Africa and the second time in four years that the company has bought a marketplace from Sweden-based Saltside Technologies.

The findings come as newsrooms globally grapple with how generative AI is reshaping journalism production and audience trust.

How to Set Up Two-Factor Authentication on Any Phone (Step-by-Step for Everyone) Dorothy Harris is 71 years old and lives in Decatur, Georgia. Last year, she woke up to an… TechCity

Major Wall Street firms are rapidly recalibrating expectations for U.S. interest-rate cuts, with Bank of America and Goldman Sachs now forecasting that the Federal Reserve will keep borrowing costs elevated far longer than previously expected as the Iran war drives energy prices higher and the U.S. labor market continues to show surprising resilience. The revised […] The post BofA, Goldman Push Back Fed Rate-Cut Expectations as Oil Shock and Strong Jobs Market Complicate Inflation Fight appeared first on Tekedia.

Gold prices fell sharply on Monday as rising oil prices and fading expectations for U.S. interest rate cuts weakened appetite for bullion, with investors increasingly worried that an extended Middle East conflict could reignite global inflation pressures. Spot gold dropped 1.1% to $4,664.99 per ounce by mid-session trading, while U.S. gold futures for June delivery […] The post Gold Slides as Oil Surge, Fed Fears, and Stalled U.S.-Iran Talks Pressure Bullion appeared first on Tekedia.

Circle Internet Group has raised $222 million through a presale of Arc, the native token of its new blockchain network, marking a major shift as the company seeks to evolve from a stablecoin issuer into a broader digital infrastructure and financial operating system provider. According to CNBC, the raise values the Arc network at a […] The post Circle Pushes Beyond Stablecoins With $222m Arc Token Raise in Bid to Build Blockchain Infrastructure Giant appeared first on Tekedia.

Africa's agritech historically funded marketplaces and startups digitising midstream gaps. But the distributors and cooperatives who actually serve farmers got left behind. Amaya says it is fixing that.

Question: “What is your comment on the debate about whether Nigerian graduates are still great, as discussed on the Platform?” My Response: I do not subscribe to the thesis that Nigerian graduates are not great. Rather, I posit that Nigerian graduates are not given sufficient opportunities to develop rapidly after school. A typical Nigerian graduate […] The post Defending Nigerian Graduates: The Problem Is the System, Not the Talent appeared first on Tekedia.

Reliance Jio Platforms has overhauled the structure of its long-awaited stock market debut, abandoning plans that would have allowed early foreign investors to partially cash out and instead opting for a pure fundraising exercise, two sources told Reuters. The move, which signals growing long-term conviction in India’s digital economy even as geopolitical turmoil unsettles global […] The post Ambani Reshapes Jio IPO to Pure Fundraising as Global Investors Double Down on India’s Digital Future appeared first on Tekedia.