Naija News Feed
Technology
Anthropic Signs $13.7 Billion RUM Group Compute Deal as AI Infrastructure Race Accelerates
Anthropic has signed a six-year computing agreement worth approximately $13.7 billion with RUM Group, linking one of the world’s leading artificial-intelligence developers to a company with significant connections to President Donald Trump’s political and technology ecosystem. The agreement underscores the extraordinary amount of computing infrastructure now required to develop and operate frontier AI models. The […] The post Anthropic Signs $13.7 Billion RUM Group Compute Deal as AI Infrastructure Race Accelerates appeared first on Tekedia.
Tekedia -
Nike Shares Face Historic Selling Pressure as Competition and Weak Demand Weigh on Stock
Nike’s latest market decline has pushed the sportswear giant into an unusually extreme technical position, with its shares falling to their most oversold monthly reading on record. The development highlights just how deeply investor sentiment has deteriorated around one of the world’s most recognizable consumer brands—and raises a difficult question for markets: is Nike approaching […] The post Nike Shares Face Historic Selling Pressure as Competition and Weak Demand Weigh on Stock appeared first on Tekedia.
Tekedia -
Kenyan travel-booking startup BuuPass taps SafariBucks for cross-border travel payments
TechCabal -
Goldman Sachs and JPMorgan Shift Toward a Fed Hike
Financial markets are entering a critical week with expectations for a potential Federal Reserve interest-rate increase rising sharply. Goldman Sachs and JPMorgan now expect the Fed to raise its benchmark rate this week, while prediction markets are assigning an increasingly high probability to the move. Polymarket currently prices an 80% chance of a 25-basis-point hike […] The post Goldman Sachs and JPMorgan Shift Toward a Fed Hike appeared first on Tekedia.
Tekedia -
Global Energy Markets Brace for Potential Saudi Oil Supply Disruption
A disruption to Saudi Arabia’s oil pipeline infrastructure is once again highlighting how vulnerable the global energy system remains to concentrated supply risks. With a pipeline outage potentially placing roughly 4% of global oil supply at risk within days. Traders are confronting a familiar but consequential question: how quickly can the world replace barrels when […] The post Global Energy Markets Brace for Potential Saudi Oil Supply Disruption appeared first on Tekedia.
Tekedia -
US Equity Funds Suffer Largest Outflow Since January as Investors Reassess Market Risk and Valuations
The U.S. equity market is facing a fresh test of investor conviction after equity funds recorded their largest outflow since January. The withdrawal marks a notable shift in sentiment at a time when U.S. stocks have spent much of the year supported by expectations for economic resilience, corporate earnings growth and the continued strength of […] The post US Equity Funds Suffer Largest Outflow Since January as Investors Reassess Market Risk and Valuations appeared first on Tekedia.
Tekedia -
Sam Altman, AI Risk and the Silicon Valley Doomsday Prepper Myth
The new trailer for the OpenAI movie takes a provocative leap beyond artificial intelligence and corporate drama, imagining what the private world of Sam Altman might look like if the future he is helping build becomes as uncertain as it is revolutionary. At the center of that fantasy is an especially striking image: a stash […] The post Sam Altman, AI Risk and the Silicon Valley Doomsday Prepper Myth appeared first on Tekedia.
Tekedia -
Chevron Targets Argentina, Mediterranean and Africa as Middle East Crisis Reshapes LNG Supply
Chevron is looking to expand its global liquefied natural gas portfolio from Argentina to the eastern Mediterranean and potentially Africa as repeated disruptions to major gas-producing regions push buyers to place a greater premium on security and diversity of supply. The U.S. oil major currently has about 20 million metric tons per annum of LNG […] The post Chevron Targets Argentina, Mediterranean and Africa as Middle East Crisis Reshapes LNG Supply appeared first on Tekedia.
Tekedia -
Why Tuesday’s CLARITY Act Decision Matters for Bitcoin and Stablecoins
The U.S. Senate’s latest attempt to establish a comprehensive regulatory framework for digital assets has entered a decisive phase, with Republicans releasing a revised CLARITY Act draft ahead of Tuesday’s procedural vote. The new proposal represents a significant effort to convert months of partisan negotiations into a bipartisan framework, incorporating 126 substantive changes requested by […] The post Why Tuesday’s CLARITY Act Decision Matters for Bitcoin and Stablecoins appeared first on Tekedia.
Tekedia -
Why Retirees Are Moving to Delaware Instead of Florida
For decades, Florida has been synonymous with American retirement. Warm weather, beaches, golf courses and a favorable tax environment helped make the Sunshine State a destination for older Americans seeking a comfortable life after work. But Delaware is emerging as an alternative, offering something increasingly valuable to retirees: choice. Delaware’s appeal is not limited to […] The post Why Retirees Are Moving to Delaware Instead of Florida appeared first on Tekedia.
Tekedia -
Why a Stormy Housing Market Could Create New Investment Opportunities
For years, the Sun Belt was one of America’s strongest real estate stories. Cities across the South and Southwest attracted businesses, workers and families with relatively affordable housing, warmer climates, lower taxes and expanding job markets. From Texas and Florida to Arizona, Georgia, Tennessee and the Carolinas, population growth helped turn the region into a […] The post Why a Stormy Housing Market Could Create New Investment Opportunities appeared first on Tekedia.
Tekedia -
Terrahex wants to build Bitcoin mines around Nigeria’s stranded power
TechCabal -
 
 
China Rejects “Fear Mongering” Calls To Slow AI Development, Says It Will Disrupt Process Of Global AI Governance  
China has rejected calls from leading US artificial intelligence executives to slow the development of powerful AI systems, saying that fear and confrontation could undermine efforts to establish global rules for the technology. Guo Jiakun, a spokesperson for China’s Foreign Ministry, pushed back on the proposal Monday after being asked about recent calls from Anthropic […] The post China Rejects “Fear Mongering” Calls To Slow AI Development, Says It Will Disrupt Process Of Global AI Governance   appeared first on Tekedia.
Tekedia -
Strategy Buys Back $139M in STRC Without Buying Bitcoin as Fake World Assets Launches Personal NFT Pools
The latest moves across crypto markets point to a broader shift in how digital-asset companies and NFT platforms are deploying capital. Strategy has bought back roughly $139 million of its STRC preferred stock without purchasing additional Bitcoin. While Fake World Assets is preparing to activate personal pools for beta users and expand its V2 lister […] The post Strategy Buys Back $139M in STRC Without Buying Bitcoin as Fake World Assets Launches Personal NFT Pools appeared first on Tekedia.
Tekedia -
5 Reasons why Sports Betting is so important for Prediction Markets
Nowadays, prediction markets have become increasingly popular as people seek new ways to forecast future events. They are also looking for ways to evaluate probabilities and benefit from their knowledge of specific tropics. These markets can cover everything, including stuff like politics, financial markets, and entertainment. Despite that, it seems like sports betting is at […] The post 5 Reasons why Sports Betting is so important for Prediction Markets appeared first on Tekedia.
Tekedia -
How to use the Weekend Sports Betting Predictions to Your Advantage
There is no arguing that the weekend sports are often the most exciting time for betting enthusiasts. This is when people get the chance to watch some of the big games, especially in sports like football, basketball and other popular sports. However, successful sports betting is not about simply following a prediction and placing a […] The post How to use the Weekend Sports Betting Predictions to Your Advantage appeared first on Tekedia.
Tekedia -
Francophone Africa’s fintech boom solved access, not financial inclusion
TechCabal -
Microsoft Proposes AI Rules as Tech Giants Debate Slowing Frontier Model Development
Microsoft has published a provisional code of conduct for its artificial intelligence models, setting out restrictions on how its systems should behave as concerns grow over the risks posed by sophisticated AI models. The guidelines come days after leaders at Anthropic and OpenAI backed the idea of deliberately slowing the pace of frontier AI development, […] The post Microsoft Proposes AI Rules as Tech Giants Debate Slowing Frontier Model Development appeared first on Tekedia.
Tekedia -
Boston Dynamics Unlikely To IPO Next Year As Atlas Remains Unprofitable And Unscaled
Boston Dynamics is unlikely to pursue an initial public offering next year as Hyundai Motor Group’s humanoid robotics business has yet to deploy its flagship Atlas robots at scale and remains deeply unprofitable, according to a senior Hyundai executive with direct knowledge of the matter cited by Reuters. “It won’t be easy,” the executive said […] The post Boston Dynamics Unlikely To IPO Next Year As Atlas Remains Unprofitable And Unscaled appeared first on Tekedia.
Tekedia -
The picture in her head: How this blind creator teaches AI to be her eyes
TechCabal -
Trump Rejects Calls to Slow AI Development, Insisting “Whoever Wins AI Wins”
President Donald Trump has rejected calls from leading artificial intelligence executives to slow the pace of AI development, arguing that the United States must maintain its lead over China Trump said concerns about catastrophic AI risks are being overstated by negative forces. Speaking to reporters at his Doonbeg golf resort in Ireland while attending the […] The post Trump Rejects Calls to Slow AI Development, Insisting “Whoever Wins AI Wins” appeared first on Tekedia.
Tekedia -
China Has Been Preparing for the AI ‘Loss of Control’ Risk as U.S. Researchers Sound Alarm
Warnings from researchers at leading U.S. artificial intelligence developer Anthropic that sophisticated AI systems could eventually escape human control and threaten human survival are drawing attention in China, where policymakers have been preparing for similar scenarios for years. The issue is gaining wider interest as the United States and China compete to develop the world’s […] The post China Has Been Preparing for the AI ‘Loss of Control’ Risk as U.S. Researchers Sound Alarm appeared first on Tekedia.
Tekedia -
How to Bypass MDM from iPhone on iOS 27 (2026)
Being restricted by the Remote Management error on an iPhone or iPad can be frustrating for any iOS user. But the best part is that there are multiple solutions for how to bypass MDM from iPhone, even on the latest iOS 27. Mobile Device Management (MDM) itself is a great solution for companies to prevent […] The post How to Bypass MDM from iPhone on iOS 27 (2026) appeared first on Tekedia.
Tekedia -
AI Warnings Add to Oil, Bond and Fed Risks as Stocks Face a Rougher Fall
A sudden shift in the artificial intelligence narrative is adding to a volatile mix of macroeconomic pressures threatening to unsettle U.S. stocks, with investors confronting renewed oil inflation, rising Treasury yields and the growing prospect of a Federal Reserve rate hike this week. Warnings from Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman that […] The post AI Warnings Add to Oil, Bond and Fed Risks as Stocks Face a Rougher Fall appeared first on Tekedia.
Tekedia -
 
 
Michael Burry Says AI Chiefs’ Calls to Slow AI Development Are “Self-Serving”
Michael Burry, the investor made famous by “The Big Short,” has accused the leaders of major U.S. artificial intelligence companies of using warnings about AI’s potential to destroy humanity to strengthen their own market positions and boost the perception of their power ahead of potential public listings. Burry’s comments came after Anthropic CEO Dario Amodei […] The post Michael Burry Says AI Chiefs’ Calls to Slow AI Development Are “Self-Serving” appeared first on Tekedia.
Tekedia -
Good Luck Tensorpool Founders at OpenAI – from Tekedia Capital
Tekedia Capital congratulates Joshua Martinez, Hlumelo Notsheand Tycho Svoboda as they resume in OpenAI after the AI pioneer acquired their startup, Tensorpool, which Tekedia Capital invested in. We wish three of you more wins ahead.   Tekedia Capital >> we befriend great founders! The post Good Luck Tensorpool Founders at OpenAI – from Tekedia Capital appeared first on Tekedia.
Tekedia -
Why Apple’s Foldable iPhone Could Change the Future of Smartphones
For years, foldable smartphones have been presented as the next major evolution in mobile technology. Companies including Samsung, Google, Huawei and Motorola have experimented with flexible displays, multiple form factors and increasingly sophisticated hinge systems. Yet despite the technological progress, foldable phones remain a niche category. The question is whether Apple can turn that curiosity […] The post Why Apple’s Foldable iPhone Could Change the Future of Smartphones appeared first on Tekedia.
Tekedia -
Anthropic Picks Nasdaq for Potential IPO as Exchange Race for AI Listings Intensifies
Anthropic has selected Nasdaq as the likely home for its potential initial public offering, giving the technology-focused exchange another major prize as the two leading U.S. stock exchanges compete to attract a new generation of giant technology and artificial intelligence listings. The AI company has been targeting an October listing, according to a person familiar […] The post Anthropic Picks Nasdaq for Potential IPO as Exchange Race for AI Listings Intensifies appeared first on Tekedia.
Tekedia -
Sergey Brin Returns to the AI Frontline as Google Bets Big on Gemini
At a small microkitchen inside Google’s Mountain View campus, one of the most consequential figures in the history of the internet is helping shape the company’s next technological chapter. Sergey Brin, Google’s co-founder, has returned to a more active role in artificial intelligence, bringing with him a combination of technical curiosity, unconventional thinking and a […] The post Sergey Brin Returns to the AI Frontline as Google Bets Big on Gemini appeared first on Tekedia.
Tekedia -
Inflation-Linked Bonds and Other Strategies for Preserving Wealth
Inflation is one of the quietest threats to long-term wealth. Unlike a market crash, it does not necessarily produce a dramatic decline in an investment account. Instead, it gradually reduces what money can buy, meaning that a portfolio can increase in nominal value while losing purchasing power in real terms. Protecting wealth from inflation therefore […] The post Inflation-Linked Bonds and Other Strategies for Preserving Wealth appeared first on Tekedia.
Tekedia -
South Korean Stocks, Water and Luxury: Wealth Managers’ Top $10,000 Investment Ideas
With US stocks hovering near elevated levels and bond markets facing renewed turbulence, wealth managers are looking beyond the most obvious investment destinations for opportunities. Their thinking around how to deploy $10,000 reflects a broader strategy: identify structural growth themes, diversify geographically and sectorally, and avoid assuming that yesterday’s market leaders will necessarily be tomorrow’s […] The post South Korean Stocks, Water and Luxury: Wealth Managers’ Top $10,000 Investment Ideas appeared first on Tekedia.
Tekedia -
Where to Invest $10,000 as Markets Reach New Highs
With US stock markets hovering close to record levels while bond markets wrestle with volatility, investors face a familiar but increasingly complicated question: where should the next dollar go? After a powerful run across major asset classes, simply buying what has already performed well may no longer be enough. Yet periods of market turbulence can […] The post Where to Invest $10,000 as Markets Reach New Highs appeared first on Tekedia.
Tekedia -
Wealthy Parents, Expensive Gap Years and the New Economics of College Admissions
For some wealthy families, the traditional path from high school to college is no longer considered enough. Instead, parents are increasingly willing to spend extraordinary sums on structured gap years. With some programs costing as much as $95,000, in the belief that a year away from conventional education can give their children an advantage in […] The post Wealthy Parents, Expensive Gap Years and the New Economics of College Admissions appeared first on Tekedia.
Tekedia -
Nvidia’s Anthropic IPO Bet Could Complete AI’s Closed Capital Loop
Nvidia’s reported discussions to anchor Anthropic’s planned $100 billion initial public offering point to a new phase in the economics of artificial intelligence, where the companies supplying the infrastructure for the AI boom are increasingly financing the companies consuming it. If the discussions materialize, Nvidia would effectively be helping fund the public-market exit of one […] The post Nvidia’s Anthropic IPO Bet Could Complete AI’s Closed Capital Loop appeared first on Tekedia.
Tekedia -
Sam Altman Says OpenAI IPO in 2026 Would Be ‘Ill-Advised’ Amid AI Safety Concerns
OpenAI CEO Sam Altman has ruled out taking the artificial intelligence company public this year, saying heightened concerns over AI safety make 2026 an “ill-advised moment” for an initial public offering. In an interview with Fortune that aired Saturday, Altman said OpenAI still has significant work to do before it is ready to operate under […] The post Sam Altman Says OpenAI IPO in 2026 Would Be ‘Ill-Advised’ Amid AI Safety Concerns appeared first on Tekedia.
Tekedia -
Meloni Expects Italy’s Economy To Grow 1% In 2026, Above Government Forecast
Italian Prime Minister Giorgia Meloni expects Italy’s economy to grow by 1% this year, raising the prospect of a stronger-than-forecast performance after years of weak expansion. In an interview with newspaper Il Foglio published Saturday, Meloni said economic data from the first half of 2026 suggested that annual growth could reach 1%, broadly matching or […] The post Meloni Expects Italy’s Economy To Grow 1% In 2026, Above Government Forecast appeared first on Tekedia.
Tekedia -