Goldman Sachs has secured mandates to oversee a combined $70 billion in retirement assets for Verizon Communications and Lockheed Martin, strengthening its position in one of the fastest-growing segments of the investment management industry as large corporations increasingly outsource the management of employee retirement savings. The mandates rank among the largest outsourced retirement asset awards […] The post Goldman Sachs Wins $70bn Retirement Asset Mandates From Verizon and Lockheed Martin appeared first on Tekedia.

SpaceX has experienced a significant decline of approximately 35% from its recent peak, surprising many investors despite its inclusion in the Nasdaq-100 index. Ordinarily, being added to one of the world’s most influential stock market indices is viewed as a milestone that boosts investor confidence and attracts institutional capital. SpaceX’s recent performance highlights an important […] The post SpaceX Falls 35% From Peak Despite Nasdaq-100 Inclusion appeared first on Tekedia.

Nigeria’s stock market has emerged as the world’s best-performing equity market in dollar terms this year, overtaking South Korea after a sharp correction in Asian technology stocks knocked the Kospi into bear market territory. According to data compiled by Bloomberg across 92 global stock exchanges, Nigeria’s benchmark stock index has delivered a 67% return in […] The post Nigerian Stocks Become World’s Best-Performing Equity Market in Dollar Terms, Overtaking South Korea appeared first on Tekedia.

Unlike traditional credit decisions, where a loan officer can explain the factors that informed an outcome, AI-driven decisions are often based on proprietary models controlled entirely by the financial institution.

Remittix has sent the RTX community into high alert after announcing Remittix Markets, a new perpetual futures trading platform that adds a major trading layer to the growing Remittix ecosystem. The announcement gives Remittix a broader product story as the project moves closer to launch. Until now, Remittix has been focused mainly on PayFi through […] The post Remittix Markets Launch Announcement Sends RTX Community Into High Alert appeared first on Tekedia.

By Boluwatife Oshadiya  |  July 10, 2026 KEY POINTS ▸  Nigeria ranked 1st in Africa and 38th globally in the GIRAI 2026 out of 135 countries, up 42 places from 80th in 2024 ▸  Overall score jumped from 7.21 to 45.93 — a near-sixfold improvement in just two years ▸  Nigeria was named a global […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.

Artificial intelligence is forcing financial institutions to rethink the foundations of cybersecurity as increasingly sophisticated AI-generated fraud exposes the limitations of traditional security systems. While deepfakes have dominated public attention, banking executives and cybersecurity specialists say the real challenge extends far beyond manipulated videos or cloned voices. Instead, AI is changing how financial institutions approach […]

From bulky early devices that simply made all sound louder, many hearing aids today have evolved into sleek, virtually invisible wearables powered by personalised, adaptive AI. These devices go far beyond amplification, functioning as intelligent sound processors that enhance speech clarity, reduce background noise, support natural listening and seamlessly integrate into modern lifestyles. The recent […]

The modern workplace extends beyond traditional office walls. It now exists in coffee shops, spare bedrooms, airport lounges, and co-working spaces. Hybrid and remote work have provided flexibility, productivity, and access to a global talent pool. However, they have also increased one of the most critical vulnerabilities facing organisations today: the attack surface. In 2026, […]

South Africa’s transition to new energy vehicles (NEVs) is gathering momentum, prompting Absa and BYD Auto South Africa to expand their strategic partnership first established in 2025. The enhanced collaboration reinforces both companies’ commitment to accelerating electric mobility by providing financing and banking solutions that support BYD’s growing dealer network and customer base. Absa will […]

Flutterwave, Africa’s leading payments technology company, today announced a collaboration with Xoom, PayPal’s international digital money transfer service, to enable fast transfers into Nigeria, one of the world’s fastest-growing digital economies. The relationship connects Xoom’s global network with Flutterwave’s local payout infrastructure, allowing users globally to send funds directly into Nigerian bank accounts with improved […]

For years, digital banking has been measured by access. Ensuring clients can open an account without visiting a branch, transact from a phone, or get help outside normal banking hours shaped the first wave of banking digitisation and changed how millions of South Africans manage their money. However, the next phase of digital banking will […]

UP professor wins R3m grant to perfect diagnosis-and-treatment combination that promises to make killer disease manageable Breast cancer is the leading type of cancer among women in South Africa, and globally. Too often it is discovered too late – but a new approach promises a radical change in survivability for patients. The solution, called theranostics, […]

Ethiopia has taken another step toward implementing interoperable government payments nationwide as public institutions, regulators and payment infrastructure providers convened to operationalize a unified implementation framework aligned with the country’s National Digital Payments Strategy. The Ministry of Finance, the National Bank of Ethiopia (NBE) and national payment switch EthSwitch brought together technical teams from government […]

Meet Opeyemi Folorunsho, the Vice President of Research and Development (R&D) at Moniepoint, where he focuses on translating deep technical ideas into systems that deliver real-world impact.

Gold exchange-traded funds (ETFs) have experienced a significant wave of outflows, with investors withdrawing an estimated $8.9 billion as selling pressure spread across every major region. The broad-based retreat highlights a notable shift in market sentiment after a prolonged period in which gold was viewed as one of the safest assets during economic uncertainty. While […] The post Global Markets Rotate Away From Gold as ETF Outflows Surge appeared first on Tekedia.

The gold market is presenting investors with a fascinating contradiction. On one side, traditional investors have been pulling billions of dollars from gold exchange-traded funds (ETFs), signaling weaker demand for conventional gold investment vehicles. On the other, blockchain data reveals that large cryptocurrency investors—commonly referred to as whales—are quietly accumulating tokenized gold, suggesting that confidence […] The post Crypto Whales Accumulate Millions in XAUT Amid Massive Gold ETF Outflows appeared first on Tekedia.

Micron Technology shares climbed 7% on Thursday after the memory chipmaker unveiled a sweeping expansion of its U.S. investment plans, underscoring its confidence that surging artificial intelligence demand will continue driving the semiconductor industry’s growth for years to come. The company announced it will increase its planned U.S. investment to $250 billion through 2035, raising […] The post Micron Shares Jump 7% as Chipmaker Boosts U.S. Investment to $250bn, Strengthens AI Supply Chain appeared first on Tekedia.

Uber is expanding its use of artificial intelligence beyond software development by embedding teams of AI specialists directly into business departments to redesign workflows and build AI agents capable of automating complex operational tasks. The initiative, known internally as “Agentic Pods,” reflects a growing shift among large technology companies from using AI primarily as a […] The post Uber Deploys ‘Agentic Pods’ To Embed AI Engineers Across Business Units, Slashing Task Completion Times appeared first on Tekedia.

July has historically been one of Bitcoin’s stronger months, often delivering positive returns even during challenging market cycles. Over the past decade, the month has closed in the green more often than not, reinforcing the idea that seasonal trends can influence investor sentiment. Bitcoin gained approximately 20% in July 2018 despite trading in the aftermath […] The post July’s Strong Seasonal Record Faces a Reality Check as CryptoQuant’s Bull Score Remains Weak appeared first on Tekedia.

Elon Musk’s xAI has officially released Grok 4.5, marking the latest advancement in its rapidly evolving AI lineup. Announcing the launch, the company said via a blog post, “Today, we’re launching Grok 4.5, SpaceXAI’s smartest model built to excel at coding, agentic tasks, and knowledge work. It’s our strongest model ever and was trained alongside […] The post Elon Musk’s xAI Introduces Grok 4.5 to Challenge the AI Industry’s Leading Models appeared first on Tekedia.

Artificial intelligence remains the dominant investment theme in global markets, but some of Asia’s largest investors are becoming increasingly selective as soaring valuations, record infrastructure spending and uncertainty over future returns prompt a reassessment of where the biggest opportunities lie. Rather than chasing every company linked to AI, institutional investors are increasingly positioning portfolios around […] The post Asian Investors Grow More Selective on AI, Shifting Focus From Hype to Long-Term Winners appeared first on Tekedia.

The sharp rally that has propelled U.S. stocks to record highs may be creating conditions for a market pullback, according to Philip Straehl, Chief Investment Officer at Morningstar Wealth, who says several indicators suggest investor optimism has reached unusually elevated levels. While the benchmark S&P 500 has climbed 18% since its March 30 low, driven […] The post Morningstar CIO Warns Surging Stock Market May Be Flashing Signs Of Excessive Optimism appeared first on Tekedia.

Jensen Huang says artificial intelligence is fundamentally changing the work of software engineers, shifting them away from writing routine code and toward designing AI agents that automate repetitive tasks, a transition he believes is creating new jobs rather than eliminating them. In an interview published by Nvidia on Wednesday, Huang said the company’s engineers are […] The post From Writing Code to Designing AI Agents: Nvidia’s Jensen Huang Says AI Is Transforming Software Engineering appeared first on Tekedia.

Shares in British broadcaster ITV fell sharply this week as investors shifted their focus from the strategic merits of selling its traditional broadcasting business to the financial and operational costs associated with the transaction. After initially rising 1.2% when the deal was announced on Monday, ITV shares reversed course and were down around 10% by […] The post ITV Shares Slide as Investors Weigh Costs and Regulatory Risks of £1.6bn Sky Deal appeared first on Tekedia.

Italy’s UniCredit has moved closer to securing a majority stake in Commerzbank, marking one of the most significant developments in European banking consolidation in recent years. The potential takeover has attracted widespread attention from investors, regulators, and policymakers, as it could reshape the competitive landscape of the European financial sector. UniCredit has steadily increased its […] The post UniCredit Approaches Majority Ownership of Commerzbank Amid Takeover Efforts appeared first on Tekedia.

Germany, Europe’s largest economy, is facing renewed economic headwinds after the International Monetary Fund (IMF) lowered its growth forecast, citing persistent global uncertainty and weakening international demand. The downgrade reflects growing concerns over geopolitical tensions, slowing global trade, elevated borrowing costs, and the fragile state of industrial production. As one of the world’s leading export-driven […] The post IMF Warns Global Uncertainty Is Hurting Germany’s Economic Recovery appeared first on Tekedia.

Vercel, a US software platform, has acquired Better Auth, the company behind the popular open-source TypeScript authentication library, in a move that deepens its investment in developer infrastructure and AI-native applications. As part of the acquisition, Better Auth founder Bereket Engida and the company’s core team will join Vercel. They will continue leading the development […] The post Vercel Acquires Better Auth to Strengthen Open-Source Authentication and Advance AI Agent Identity appeared first on Tekedia.

Before investing in a newly listed company, investors often focus on the excitement surrounding an initial public offering (IPO). Crypto firms, in particular, have generated significant enthusiasm over the past year as digital assets gained wider institutional acceptance and regulatory clarity improved in several markets. The performance of many recently listed crypto companies tells a […] The post Gemini’s 89% Stock Collapse Signals a New Era for Crypto Companies appeared first on Tekedia.

Microsoft’s decision to reduce its reliance on external artificial intelligence models marks a significant shift in the company’s AI strategy. After investing billions of dollars in AI infrastructure and forming high-profile partnerships with leading AI developers. Microsoft is now increasingly replacing models from OpenAI and Anthropic with its own in-house AI technologies across several software […] The post Microsoft Is Slashing AI Infrastructure Costs with Proprietary Models appeared first on Tekedia.

The blockchain ecosystem continues to evolve as networks search for more efficient ways to issue and manage digital assets. One of the latest milestones comes from Base, which has officially launched its B20 Native Token Standard on mainnet. The new standard represents a significant shift in how tokens can be created and managed by integrating […] The post Base’s B20 Native Token Standard Goes Live on Mainnet, Introducing a New Era for On-Chain Assets appeared first on Tekedia.

A coalition of U.S. states is preparing to challenge Paramount’s proposed $110 billion acquisition of Warner Bros. Discovery, potentially setting up one of the biggest antitrust battles in the media industry in years as state officials intensify scrutiny of major corporate mergers. The move comes weeks after the U.S. Department of Justice reportedly approved the proposed […] The post U.S. States Prepare Legal Challenge to Paramount’s $110bn Warner Bros. Discovery Deal appeared first on Tekedia.