Naija News Feed
Technology
Mubadala Capital Launches Alternative Solutions Fund on Solana as Tryramp Introduces 24/7 Stablecoin Payments
The Solana ecosystem continues to attract major institutional and financial infrastructure providers, with two significant developments highlighting the network’s growing role in global finance. Mubadala Capital’s Alternative Solutions Fund has gone live on Solana through KAIO, while Tryramp has introduced 24/7 stablecoin accounts and payment services that settle directly on the blockchain. These milestones demonstrate […] The post Mubadala Capital Launches Alternative Solutions Fund on Solana as Tryramp Introduces 24/7 Stablecoin Payments appeared first on Tekedia.
Tekedia -
Tokenized Intel Stock Marks New Era for Blockchain-Based Equity Investing
Intel’s tokenized stock ($INTC) has officially gone live through Backpack Securities and Sunrise, marking another significant step in the convergence of traditional finance and blockchain technology. At the same time, JTX has opened its unified trading platform to the public, allowing users to trade major cryptocurrencies, meme coins, and real-world assets (RWAs) from a single […] The post Tokenized Intel Stock Marks New Era for Blockchain-Based Equity Investing appeared first on Tekedia.
Tekedia -
Porsche Faces Tough Road Ahead with 5,000 Additional Job Cuts in Stuttgart, as Audi Cuts Annual Outlook
German luxury sports car manufacturer Porsche has announced another significant round of job cuts, revealing plans to eliminate an additional 5,000 positions in the Stuttgart region as the company grapples with mounting economic and industry pressures. The latest reduction comes as Europe’s automotive sector faces slowing demand, rising production costs, and the rapid transition toward […] The post Porsche Faces Tough Road Ahead with 5,000 Additional Job Cuts in Stuttgart, as Audi Cuts Annual Outlook appeared first on Tekedia.
Tekedia -
Michael Burry Warns AI-Linked Private Credit Could Become Source of Broader Financial Contagion
Investor Michael Burry, best known for predicting the 2008 U.S. housing market collapse, has renewed his warnings about the artificial intelligence boom, noting this time that mounting exposure to AI-related debt within the private credit market could become a significant source of financial instability. In a post on his Substack, the Scion Asset Management founder […] The post Michael Burry Warns AI-Linked Private Credit Could Become Source of Broader Financial Contagion appeared first on Tekedia.
Tekedia -
CME Launches Nearly 24-Hour Single-Stock Futures, Expanding Access to High-Profile AI and Tech Stocks
Investors seeking around-the-clock exposure to some of the world’s most closely watched companies now have a new way to trade, as CME Group has launched a suite of single-stock futures covering 55 U.S. equities. The Chicago-based exchange on Monday introduced cash-settled single-stock futures, alongside micro-sized contracts on 22 companies, allowing investors to take leveraged bullish […] The post CME Launches Nearly 24-Hour Single-Stock Futures, Expanding Access to High-Profile AI and Tech Stocks appeared first on Tekedia.
Tekedia -
Amazon Seeks Approval For 5,105 Satellites To Expand Direct-To-Device Service, Intensifying Race With SpaceX
Amazon has asked U.S. regulators for permission to deploy up to 5,105 internet satellites to power a direct-to-device (D2D) communications network, marking a major expansion of its ambitions in the fast-growing satellite connectivity market and setting up a more direct challenge to SpaceX’s Starlink. In a filing submitted Saturday to the Federal Communications Commission (FCC), […] The post Amazon Seeks Approval For 5,105 Satellites To Expand Direct-To-Device Service, Intensifying Race With SpaceX appeared first on Tekedia.
Tekedia -
Africa no longer wants to import technology. It wants to write the rules
TechCabal -
Egyptian startup Fincart raises $2.8 million to expand AI commerce platform
TechCabal -
Peak UHT Milk: When Consumers Rewrite Recipes
Brands often assume that a good recipe sells itself. Show consumers an attractive meal, explain why it tastes great, and position the featured product as the secret ingredient. Yet digital conversations show that recipes are not simply followed. They are interpreted, questioned, modified, and sometimes rejected. A recent Facebook campaign by Peak Milk promoting Alfredo […] The post Peak UHT Milk: When Consumers Rewrite Recipes appeared first on Tekedia.
Tekedia -
Cape Verde got the world’s attention. Francophone African tech still needs it.
TechCabal -
Airtel Money wants a $1 billion IPO. Can London deliver?
TechCabal -
Absa Kenya automated 71% of processes after $31 million tech spend
TechCabal -
 
 
Cheaper decoders, bigger profits: CANAL+ says MultiChoice is turning the corner
TechCabal -
👨🏿‍🚀TechCabal Daily – Zedcrest acquires Leatherback
TechCabal -
China Accuses U.S. Of ‘AI Hegemonism,’ Vows Retaliation As Dispute Over Moonshot AI Intensifies
China has sharply escalated its dispute with the United States over artificial intelligence, accusing Washington of practicing “AI hegemonism” and warning it will take retaliatory measures if Chinese technology companies are sanctioned over allegations of intellectual property theft. The statement from China’s Ministry of Commerce comes after senior U.S. officials signaled that Chinese AI developers, […] The post China Accuses U.S. Of ‘AI Hegemonism,’ Vows Retaliation As Dispute Over Moonshot AI Intensifies appeared first on Tekedia.
Tekedia -
Google’s AI Search Becomes The Default As AI Overviews Reshape Web Traffic, Similarweb Says
Artificial intelligence is rapidly becoming the primary way people search the internet, with Google’s AI-generated search summaries now appearing in nearly half of all searches, accelerating a fundamental shift in how users discover information and posing growing challenges for online publishers. According to a new report from market intelligence firm Similarweb, Google’s AI Overviews appeared […] The post Google’s AI Search Becomes The Default As AI Overviews Reshape Web Traffic, Similarweb Says appeared first on Tekedia.
Tekedia -
Strategy Chair Michael Saylor Says Opposing Bitcoin’s Institutional Adoption Denies Its Benefits to 99% of The World
Strategy Chair Michael Saylor, the outspoken Bitcoin advocate has ignited fresh controversy in the cryptocurrency community with his latest statement. In a post on X, Saylor noted that rejecting Bitcoin’s integration with traditional financial systems such as banks, corporations, custodians, exchanges, equity and credit markets, governments, and currencies would severely limit the asset’s reach and […] The post Strategy Chair Michael Saylor Says Opposing Bitcoin’s Institutional Adoption Denies Its Benefits to 99% of The World appeared first on Tekedia.
Tekedia -
India’s Engineering Exports Jump 21% in June As Strong Global Demand Offsets Shipping Disruptions
India’s engineering goods exports posted robust double-digit growth in June, providing a buffer for the economy that has been significantly impacted by the Middle East conflict. According to data released on Monday by the Engineering Export Promotion Council (EEPC) India, engineering exports rose 21% year over year to $11.48 billion in June, supported by strong […] The post India’s Engineering Exports Jump 21% in June As Strong Global Demand Offsets Shipping Disruptions appeared first on Tekedia.
Tekedia -
Changpeng Zhao Warns Against FOMO and Reveals the Path to Lasting Wealth
Changpeng Zhao, widely known as CZ and the founder of Binance, believes that building long-term wealth is far less about chasing the next hot investment than mastering a simple strategy: patience. In a financial world dominated by headlines, social media hype, and the fear of missing out (FOMO), Zhao argues that investors who consistently think […] The post Changpeng Zhao Warns Against FOMO and Reveals the Path to Lasting Wealth appeared first on Tekedia.
Tekedia -
Kevin O’Leary Says China’s Rise Will Ultimately Drive Deeper North American Economic Integration
Venture capitalist and “Shark Tank” investor Kevin O’Leary believes strategic competition with China, particularly in artificial intelligence and advanced technologies, will become the defining force pushing the United States, Canada and Mexico toward closer economic integration, even as political tensions and trade disputes persist. Speaking in a video posted Sunday on X and Instagram, the […] The post Kevin O’Leary Says China’s Rise Will Ultimately Drive Deeper North American Economic Integration appeared first on Tekedia.
Tekedia -
Gold Climbs Above $4,100 as Easing Middle East Tensions Shift Market Focus
Gold has climbed back above $4,100 per ounce, regaining momentum after a brief pause in hostilities between the United States and Iran reduced immediate fears of a broader regional conflict. The temporary easing of geopolitical tensions also pushed oil prices lower, helping calm concerns that a fresh energy shock could reignite global inflation. Even so, […] The post Gold Climbs Above $4,100 as Easing Middle East Tensions Shift Market Focus appeared first on Tekedia.
Tekedia -
Elon Musk Predicts Money Will Be Obsolete by 2036 Due to AI and Robots
Elon Musk has once again sparked global debate with a bold prediction about the future of the economy. According to the billionaire entrepreneur, money may lose much of its importance by 2036 as artificial intelligence and advanced robotics transform the way goods and services are produced. While the statement may sound futuristic, it reflects Musk’s […] The post Elon Musk Predicts Money Will Be Obsolete by 2036 Due to AI and Robots appeared first on Tekedia.
Tekedia -
Nvidia Weighs $250bn Financing Guarantee For OpenAI In Landmark AI Infrastructure Push
Nvidia is in talks to provide approximately $250 billion in financing guarantees for OpenAI as part of a massive data center project in Ohio, according to a Wall Street Journal report, in a move that would deepen the chipmaker’s role in financing the artificial intelligence infrastructure boom while securing long-term demand for its processors. The […] The post Nvidia Weighs $250bn Financing Guarantee For OpenAI In Landmark AI Infrastructure Push appeared first on Tekedia.
Tekedia -
Cloud Giant Naver Shares Surge After Nvidia Takes $1bn Stake To Back South Korea AI Data Center Expansion
Shares of South Korean internet and cloud computing giant Naver Corp. climbed more than 10% on Monday after the company announced that Nvidia will invest $1 billion for a 4.5% equity stake, strengthening their strategic partnership to build next-generation artificial intelligence infrastructure. The investment forms part of a broader plan to expand Naver’s AI data […] The post Cloud Giant Naver Shares Surge After Nvidia Takes $1bn Stake To Back South Korea AI Data Center Expansion appeared first on Tekedia.
Tekedia -
 
 
Why X Banned 42,000 AI-Powered Accounts Automating Social Media Replies
Social media platform X has intensified its efforts to combat inauthentic activity by removing approximately 42,000 accounts that were found to be automating AI-generated replies. The large-scale enforcement action reflects the platform’s growing concern over the misuse of artificial intelligence to manipulate online conversations, inflate engagement metrics, and spread low-quality or misleading content. As AI […] The post Why X Banned 42,000 AI-Powered Accounts Automating Social Media Replies appeared first on Tekedia.
Tekedia -
Phantom Wallet to Discontinue Monad Support Amid Multichain Strategy Shift
Phantom Wallet has announced that it will officially end support for the Monad blockchain on August 12, marking the conclusion of its integration with one of the most closely watched Layer 1 blockchain test ecosystems. While the decision may disappoint users who experimented with Monad through Phantom, it also reflects the rapidly evolving nature of […] The post Phantom Wallet to Discontinue Monad Support Amid Multichain Strategy Shift appeared first on Tekedia.
Tekedia -
Fake World Assets Unveils Buyback Strategy Following Emission Phase
Fake World Assets (FWA) is entering a pivotal phase in its growth strategy as the protocol prepares to transition beyond its initial 15-day emission period. During this early phase, token emissions were designed to bootstrap liquidity, attract participants, and establish a strong user base. With the emission schedule nearing completion, the project is now shifting […] The post Fake World Assets Unveils Buyback Strategy Following Emission Phase appeared first on Tekedia.
Tekedia -
Robinhood Chain Outpaces Base in App Revenue as PONS Token Launchpad Reaches New Heights
Robinhood’s blockchain ecosystem is rapidly establishing itself as one of the most influential forces in decentralized finance, marking another milestone with its latest performance metrics. The Robinhood Chain reportedly generated 3.2 times more 24-hour application revenue than Coinbase’s Base network, highlighting the platform’s accelerating adoption and growing economic activity. PONS, Robinhood’s native token launchpad, has […] The post Robinhood Chain Outpaces Base in App Revenue as PONS Token Launchpad Reaches New Heights appeared first on Tekedia.
Tekedia -
Asian Stocks Climb As Easing Gulf Tensions Drive Oil Lower Ahead Of Central Bank Decisions And Earnings Deluge
Asian equities advanced on Monday after signs of easing tensions in the Gulf triggered a sharp decline in oil prices, easing inflation concerns and lifting expectations that major central banks will keep interest rates unchanged this week. The improvement in market sentiment followed indications that hostilities between the United States and Iran may be de-escalating, […] The post Asian Stocks Climb As Easing Gulf Tensions Drive Oil Lower Ahead Of Central Bank Decisions And Earnings Deluge appeared first on Tekedia.
Tekedia -
Anthropic’s Claude Opus 5 Raises the Bar for High-Performance, Cost-Efficient AI
Anthropic has introduced Claude Opus 5, its newest flagship artificial intelligence model, marking another major milestone in the rapidly evolving AI industry. The company says the model delivers intelligence approaching the level of the highly anticipated Fable 5 system while costing only half as much to operate. If these claims hold true in real-world use, […] The post Anthropic’s Claude Opus 5 Raises the Bar for High-Performance, Cost-Efficient AI appeared first on Tekedia.
Tekedia -
Institutional Investors Pour $104M Into Ethereum ETFs as Bitcoin ETF Demand Slows
Ethereum exchange-traded funds continue to demonstrate remarkable momentum, recording $104 million in weekly inflows and outperforming Bitcoin ETFs for the week. The milestone marks the third consecutive week of positive inflows for Ethereum-focused investment products, highlighting a notable shift in institutional sentiment as investors increasingly diversify beyond Bitcoin. While Bitcoin remains the largest cryptocurrency by market […] The post Institutional Investors Pour $104M Into Ethereum ETFs as Bitcoin ETF Demand Slows appeared first on Tekedia.
Tekedia -
Storj Labs and BitMart Crises Highlight the Importance of Sustainable Crypto Business Models
The cryptocurrency industry has been hit by another wave of uncertainty following two major developments that underscore the challenges facing digital asset companies. Storj Labs, a decentralized cloud storage provider that previously raised $35 million in funding, has reportedly filed for Chapter 11 bankruptcy protection. At the same time, crypto exchange BitMart has suspended all […] The post Storj Labs and BitMart Crises Highlight the Importance of Sustainable Crypto Business Models appeared first on Tekedia.
Tekedia -
Zcash Set to Activate Ironwood Upgrade, Marking a New Milestone for Privacy Blockchain
Zcash is preparing to activate its highly anticipated Ironwood network upgrade tomorrow, marking another significant milestone in the evolution of one of the cryptocurrency industry’s leading privacy-focused blockchains. The upgrade is expected to strengthen the network’s performance, improve developer capabilities, and enhance compatibility with future protocol improvements, reinforcing Zcash’s long-term commitment to secure and private […] The post Zcash Set to Activate Ironwood Upgrade, Marking a New Milestone for Privacy Blockchain appeared first on Tekedia.
Tekedia -
CXMT Surges 466% in Blockbuster Shanghai Debut, Becoming China’s Most Valuable Listed Company Amid AI Memory Boom
Chinese memory chipmaker CXMT Corp. made a spectacular stock market debut on Monday, with its shares soaring 466% on the Shanghai Stock Exchange after completing Asia’s largest initial public offering (IPO) this year. The rally propelled the company to a market valuation of 3.3 trillion yuan ($487.7 billion), making it China’s most valuable listed company […] The post CXMT Surges 466% in Blockbuster Shanghai Debut, Becoming China’s Most Valuable Listed Company Amid AI Memory Boom appeared first on Tekedia.
Tekedia -
Global Crypto Exchange BitMart to Shut Down Operations Following Strategic Business Review
Global integrated trading platform BitMart has announced it will gradually wind down its operations, marking the end of its services after years of serving cryptocurrency users across multiple countries and regions. The company said the decision followed a careful evaluation of its operating conditions, the broader market environment, and its long-term strategic direction. Describing the […] The post Global Crypto Exchange BitMart to Shut Down Operations Following Strategic Business Review appeared first on Tekedia.
Tekedia -
Nvidia in Talks to Finance OpenAI’s 10GW Ohio AI Data Center
Nvidia is reportedly in discussions to help secure $250 billion in financing for OpenAI’s proposed 10-gigawatt (GW) artificial intelligence data center in Ohio. While also exploring an additional $350 billion financing arrangement that would allow OpenAI to purchase Nvidia’s AI chips for the project. If completed, the combined $600 billion initiative would represent one of […] The post Nvidia in Talks to Finance OpenAI’s 10GW Ohio AI Data Center appeared first on Tekedia.
Tekedia -