Canva has announced the layoff of 1,271 employees, representing 22% of its workforce, as the design platform undertakes a major organisational restructuring aimed at positioning the company for its next phase of growth. Co-founder and CEO Melanie Perkins disclosed the development in an internal message to employees, describing it as the most difficult decision in […] The post Canva Announces Major Restructuring, Lays Off 1,271 Employees as Growth Slows appeared first on Tekedia.

Google is accelerating its artificial intelligence ambitions on two major fronts, introducing a new video-generation model while committing $17 billion to establish its first data center campus in Wyoming. The developments highlight the technology giant’s growing investment in generative AI capabilities and the computing infrastructure required to support the industry’s rapid expansion. The company has […] The post Google Advances AI Video Generation With Gemini Omni 1.2 Flash and Commits $17 Billion to Wyoming Data Center appeared first on Tekedia.

The competition to modernize cryptocurrency and financial markets is gaining momentum as blockchain companies develop new ways to bring traditional financial products onto decentralized networks. Two developments highlight this trend: Hyperliquid Strategies has filed an application to become a Futures Commission Merchant (FCM), while Leap has launched a beta iPhone application designed to let users […] The post Hyperliquid and Leap Expand the Race for Onchain Trading as Crypto Platforms Target US Investors appeared first on Tekedia.

Prediction market traders have grown more concerned about a potential AI industry downturn. On Polymarket, the odds that an “AI bubble will burst by June 30, 2027, recently climbed to around 26.5–27%, up several points in recent days and spiking as high as 31% amid a sharp tech selloff before easing. The chance of a […] The post Odds of The AI Bubble Bursting Surge as Valuations Face Reality appeared first on Tekedia.

Palo Alto Networks is negotiating to acquire Clutch Security for $500 million in cash, plus additional payments tied to performance milestones, in a deal that would place a three-year-old cybersecurity startup at the center of the growing market for protecting artificial intelligence agents. Clutch develops technology that controls and secures AI agents’ access to corporate […] The post Palo Alto Networks in Talks to Acquire AI Security Startup Clutch for $500 Million appeared first on Tekedia.

Airbnb Chief Executive Brian Chesky says artificial intelligence agents have yet to become a meaningful source of bookings for the accommodation platform, pushing back against concerns that autonomous digital assistants could disrupt the travel industry’s direct-booking business model. Speaking during Airbnb’s third-quarter earnings call on Thursday, Chesky said the company was seeing limited traffic and […] The post Airbnb CEO Says AI Agents Generate Negligible Bookings, Plans Travel Assistant for 2027 appeared first on Tekedia.

Artificial Intelligence company OpenAI has closed on roughly $11 billion in new funding, the first tranche of a larger round that values the company at $1.25 trillion. The $11 billion represents an initial tranche of a financing that could grow to as much as $20 billion in the coming weeks. OpenAI originally aimed to raise […] The post OpenAI Raises $11 Billion at $1.25 Trillion Valuation Amid Cooling AI Market appeared first on Tekedia.

The ContiSX Watch is a next-generation, blockchain-powered smartwatch, seamlessly integrated with the ContiSX technology ecosystem, including ContiSX Phone and our expanding range of devices and applications. At its heart is ContiSX Sage, our natively developed artificial intelligence system that understands and supports Igbo, Hausa, Yoruba, Pidgin and English. From intelligent assistance to productivity and digital […] The post Introducing ContiSX Watch: Blockchain Intelligence on Your Wrist! appeared first on Tekedia.

Football fans in Nigeria and other African countries now have another reason to enjoy their DStv subscriptions, thanks to the introduction of the SuperSport SS KICKOFF channel, a dedicated football channel introduced as part of DStv’s new package offering. The new DStv football channel brings selected live football matches and highlights from some of the […]

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Global financial markets faced renewed uncertainty as US technology stocks reportedly erased approximately $1.3 trillion in market capitalization within just 30 minutes of trading. While China’s central bank moved against Solana-related promotional activities in Shanghai, opening an investigation into the cryptocurrency ecosystem’s local events and advertisements. The developments highlight growing pressure across technology and digital […] The post US Tech Stocks Lose $1.3 Trillion in 30 Minutes as China Investigates Solana’s Shanghai Activities appeared first on Tekedia.

Brazil’s reelection of leftist President Luiz Inacio Lula da Silva is set to complicate US President Donald Trump’s efforts to secure preferential access to the country’s vast rare earth reserves, as Brasília prepares regulations that will prioritize domestic processing, technology transfer and higher-value manufacturing. A victory last month for Lula’s challenger, Flavio Bolsonaro, whose family […] The post Lula’s Reelection Complicates Trump’s Push for Access to Brazil’s Rare Earth Reserves appeared first on Tekedia.

The global financial system is experiencing another period of significant transformation as traditional banking institutions, cryptocurrency networks and financial regulators confront changing market conditions. Samsung’s integration of USD Coin (USDC) into its digital wallet, the Bank of England’s decision to increase interest rates and a legal challenge against the Commodity Futures Trading Commission (CFTC) highlight […] The post Samsung Wallet’s USDC Expansion, Bank of England Rate Hike and CFTC Legal Challenge Reshape Financial Markets appeared first on Tekedia.

Equinix expects its smaller data centers to face less exposure to potential US construction restrictions as political and regulatory scrutiny intensifies over the rapid expansion of artificial intelligence infrastructure. The company’s facilities typically have capacities of between 30 and 60 megawatts, below the roughly 100-megawatt threshold that Equinix Asia-Pacific President Cyrus Adaggra said is generally […] The post Equinix Says Smaller Data Centers Could Avoid US AI Infrastructure Restrictions as Investment Shifts Towards Asia appeared first on Tekedia.

Global financial markets are facing a difficult combination of persistent inflation, weakening economic indicators and tighter financing conditions, raising concerns that major economies could experience slower growth without securing meaningful relief from rising prices. Oil prices have fallen sharply this week on hopes that the US-Iran conflict could move towards de-escalation following the Democratic victory […] The post Global Markets Face Stagflation Risks as Energy Costs, Rising Bond Yields and AI Sell-Off Weigh on Growth appeared first on Tekedia.

Tesla will wind down production of its Cybertruck pickup from the middle of next year, bringing an end to the electric vehicle’s four-year production run as the company reallocates factory capacity to its Cybercab robotaxi programme. Chief executive Elon Musk announced the decision on Friday in a post on X, saying the Texas gigafactory would […] The post Tesla to End Cybertruck Production in 2027 as Musk Prioritizes Robotaxi Expansion appeared first on Tekedia.

Asian technology stocks suffered steep losses on Friday as investors extended a sell-off in global equities, with concerns over the sustainability of artificial intelligence investment and the potential for tighter US restrictions on data center construction hitting semiconductor manufacturers and technology investors. South Korean chipmakers led the regional decline. SK Hynix plunged 10.44%, while Samsung […] The post Asian Tech Stocks Plunge as Wall Street AI Sell-Off Triggers Heavy Losses in Chipmakers appeared first on Tekedia.

The Nasdaq Composite suffered its steepest one-day decline since the April 2025 market selloff known as Liberation Day, losing 5.5% as investors reassessed the outlook for artificial intelligence infrastructure following sweeping Democratic victories in the US midterm elections. The selloff wiped trillions of dollars from technology stocks, with semiconductor manufacturers, data center operators and companies […] The post Nasdaq Suffers Biggest Daily Fall Since April 2025 as AI Infrastructure Selloff Deepens appeared first on Tekedia.

The cryptocurrency industry is experiencing significant developments across mining, blockchain security, and regulation, with Riot Platforms, Polygon, and South Korea highlighting three important trends shaping the sector. Riot Platforms reported third-quarter revenue of $181.4 million while securing a 15-year lease agreement with Frontier AI Lab for its Corsicana facility. Meanwhile, a Polygon validator has proposed […] The post Riot Platforms Reports $181.4M Revenue, Polygon Eyes Hard Fork, South Korea Delays Crypto Tax to 2029 appeared first on Tekedia.

The artificial intelligence investment boom faces a growing challenge that has little to do with AI model performance or the technology’s commercial potential. Investors are increasingly being confronted with concerns about the United States’ ability to sustain the rapid expansion of data centers needed to power the industry. A sharp sell-off on Thursday exposed the […] The post US Data Centre Backlash Threatens AI Boom as Investors Reassess Infrastructure Spending appeared first on Tekedia.

A 3G connection that drops in the lift. A phone with 2GB of RAM and forty WhatsApp groups fighting for storage. A data bundle the buyer counts in megabytes. Payment in cash, at the door, after the customer has opened the box and checked that the shoes fit. None of that is an edge case […] The post How to Build a Scalable Marketplace for Emerging Markets appeared first on Tekedia.

ContiSX Phone is Africa’s blockchain-powered smartphone, engineered to deliver secure communication, digital sovereignty and enterprise productivity through a proprietary operating system independent of Android and iOS. Built on the ContiSX blockchain infrastructure, the phone integrates cryptographically encrypted messaging, voice and video communication with an expanding ecosystem of business applications, including accounting, inventory management, human resources […] The post Understanding ContiSX Phone [Video of Webinar] appeared first on Tekedia.

Binance CEO Changpeng Zhao has highlighted the growing role of artificial intelligence in strengthening cybersecurity, arguing that the technology is helping organisations identify vulnerabilities in their systems before they can be exploited by malicious actors. He noted that uncovering security weaknesses through AI gives companies an opportunity to address potential threats, reinforce their defences and […] The post “AI is Making Our Systems Safer, by Uncovering All of These Security Issues, we Can Now Fix them” – Binance CEO appeared first on Tekedia.

The US stock market opened with a powerful rally following the midterm elections, with the Dow Jones Industrial Average surging more than 1,000 points in the first trading session after the vote. At the same time, Trump Media made a significant cryptocurrency transaction, transferring 4,259 Bitcoin worth approximately $343.67 million to Crypto.com. The developments highlight […] The post Dow Surges More Than 1,000 Points After Midterm Elections as Trump Media Moves $343 Million in Bitcoin to Crypto.com appeared first on Tekedia.

Prediction markets are experiencing an extraordinary surge in popularity, with billions of dollars flowing into platforms that allow people to trade on the outcomes of future events. What was once considered a niche corner of financial technology is rapidly becoming a major industry, attracting institutional investors, retail participants and growing attention from regulators. The latest […] The post Prediction Markets Boom as Kalshi and Polymarket Reach $61 Billion Combined Valuation appeared first on Tekedia.

For an early-stage company, an AI API for startups can shorten the path from prototype to a working product. It can also create costs and dependencies before the business understands which features users value. The strategic question is not whether to use a model API; it is how to buy learning quickly while retaining enough […] The post The Startup Economics of AI APIs: How to Ship Without Locking In Too Early appeared first on Tekedia.

Today, I am proud to share a preview of a tool designed to transform how enterprises scale and manage operations: ContiSX Office. ContiSX Office is an all-in-one business operating system built for capital market operators, restaurants, issuers, investors, SMEs, solo entrepreneurs, construction companies, ecommerce stores, and growing organizations. From HR and payroll to accounting, inventory, […] The post Preview of the ContiSX Office, All-In-One Business Operating System For All Companies appeared first on Tekedia.

Qatar is offering foreign tech startups up to $5.5 million in funding, alongside residency and relocation support, as it seeks to attract entrepreneurs to Doha. African founders could benefit from the programme, but accessing the funding comes with conditions, and Qatar's startup ecosystem is still developing.

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Global financial markets experienced a sharp downturn as mounting concerns over technology valuations, artificial intelligence investments and broader economic uncertainty triggered widespread selling across equities and cryptocurrencies. The Nasdaq 100 plunged by as much as 5%, while the S&P 500 dropped to its lowest level since July. Meanwhile, South Korea’s KOSPI suffered an even steeper […] The post Global Markets Plunge as Nasdaq 100, South Korea’s KOSPI and Bitcoin Face Heavy Selloffs appeared first on Tekedia.

The global race to build artificial intelligence infrastructure is driving billions of dollars into advanced semiconductor packaging, transforming a once-overlooked stage of chip manufacturing into one of the industry’s most critical production bottlenecks. As demand for powerful AI processors outpaces available packaging capacity, Nvidia, AMD, and other chip designers are turning to suppliers across Taiwan […] The post AI Chip Boom Triggers $28 Billion Race to Expand Advanced Packaging Capacity appeared first on Tekedia.

China has adopted new legislation targeting cross-border corruption, expanding the government’s efforts to pursue fugitives, recover illicit assets and strengthen oversight of companies operating internationally. The law also introduces tighter requirements for handling sensitive information during investigations and places additional anti-corruption compliance responsibilities on Chinese businesses engaged in overseas operations. State news agency Xinhua reported […] The post China Adopts New Law to Combat Cross-Border Corruption, Tighten Corporate Compliance appeared first on Tekedia.

Meta has made voice and video calling available to all users in the United States through Muse, its consumer artificial intelligence assistant, adding a digital avatar designed to make interactions with AI more conversational and personalized. The company announced the wider rollout on Thursday, following the feature’s initial introduction at its Connect developer conference in […] The post Meta Opens Muse AI Voice and Video Calls to US Users as It Expands Consumer AI Experience appeared first on Tekedia.

Block is eliminating jobs for the second time this year, extending a workforce restructuring programme led by chief executive Jack Dorsey as the fintech company seeks to reduce operating costs and reorganize teams around greater use of automation and artificial intelligence. The company informed some employees on Wednesday that their positions were being eliminated, according […] The post Block Cuts Jobs Again as Jack Dorsey Pushes Further Operational Restructuring appeared first on Tekedia.

African capital markets demonstrated remarkable resilience in 2025 and continued their positive performance into 2026, despite global economic shocks, geopolitical uncertainty and changing financial conditions. According to the Organisation for Economic Co-operation and Development (OECD), African equity markets recorded substantial growth, highlighting the region’s increasing attractiveness to investors and its potential to become a more […] The post African Capital Markets Gain Momentum as OECD Highlights 49% Growth in 2025 appeared first on Tekedia.

Binance co-founder Changpeng Zhao, known as CZ, has publicly addressed the exchange’s massive October 29, 2026, security breach, admitting that a hack of this scale points to serious failures while calling for full transparency and meaningful improvements. In a post on X, Zhao wrote that no platform is completely unhackable, but that reality cannot serve […] The post Binance Founder CZ Acknowledges Serious Security Failures in Record $6.3 Billion Hack appeared first on Tekedia.