Naija News Feed
Technology
Midjourney Reveals Full-Body Medical Scanner, Expanding Beyond AI Image Generation
Artificial intelligence company Midjourney, best known for its groundbreaking AI image and video generation tools, has unveiled an ambitious new project: a full-body medical scanner designed to transform preventive healthcare and personal wellness monitoring. The announcement marks a significant shift for the company, signaling its intention to expand beyond creative AI applications and into the […] The post Midjourney Reveals Full-Body Medical Scanner, Expanding Beyond AI Image Generation appeared first on Tekedia.
Tekedia -
Swiss National Bank Holds Rates at Zero and Stands Ready to Curb Franc Strength Amid Middle East Tensions
The Swiss National Bank kept its key policy rate unchanged at 0% on Thursday, signaling continued caution amid lingering global uncertainties from the Iran conflict, while explicitly reaffirming its willingness to intervene in currency markets to prevent disruptive appreciation of the safe-haven franc. The decision, widely anticipated by markets, leaves Swiss borrowing costs significantly below […] The post Swiss National Bank Holds Rates at Zero and Stands Ready to Curb Franc Strength Amid Middle East Tensions appeared first on Tekedia.
Tekedia -
STRC Hits Record Low as Concerns Grow Over Strategy’s Dividend Funding Model
Shares of STRC have fallen to a record low as investors increasingly question whether Strategy may eventually need to sell additional Bitcoin holdings to maintain dividend payments. The decline highlights growing concerns about the sustainability of a financial model that relies heavily on Bitcoin-backed capital strategies while promising consistent returns to shareholders. Strategy, widely known […] The post STRC Hits Record Low as Concerns Grow Over Strategy’s Dividend Funding Model appeared first on Tekedia.
Tekedia -
Stocks Lose $1.2 Trillion in Market Value as Bitcoin Drops to $64,000
Global financial markets experienced a sharp wave of selling pressure as stocks collectively lost an estimated $1.2 trillion in market capitalization, while Bitcoin fell to $64,000, highlighting growing uncertainty among investors. The simultaneous decline across traditional and digital asset markets reflects concerns over economic growth, interest rate expectations, geopolitical tensions, and shifting investor sentiment. The […] The post Stocks Lose $1.2 Trillion in Market Value as Bitcoin Drops to $64,000 appeared first on Tekedia.
Tekedia -
Anthropic Joins Big Tech-Backed Coalition For Carbon Removal, Raising Funding By $915m To $1.8bn As AI Boom Drives Need For Climate Solutions
Some of the world’s largest technology companies are dramatically increasing their bets on carbon removal technologies, committing hundreds of millions of dollars to help scale an industry viewed as essential for meeting global climate goals. The move comes along with a warning by a new study that the rapidly expanding data-center sector underpinning artificial intelligence […] The post Anthropic Joins Big Tech-Backed Coalition For Carbon Removal, Raising Funding By $915m To $1.8bn As AI Boom Drives Need For Climate Solutions appeared first on Tekedia.
Tekedia -
Oil Prices Tumble Further As Iran Acknowledges Peace Deal With U.S., Easing Fears Over Hormuz Disruption
Oil prices fell sharply on Thursday, extending losses to their lowest levels since the early days of the Iran conflict, after details of a U.S.-Iran memorandum of understanding signaled a potential end to hostilities, the reopening of the Strait of Hormuz, and the prospect of increased Iranian oil exports. Brent crude futures dropped $1.59, or […] The post Oil Prices Tumble Further As Iran Acknowledges Peace Deal With U.S., Easing Fears Over Hormuz Disruption appeared first on Tekedia.
Tekedia -
Anthropic’s Clash With Trump Administration May Strengthen Its IPO Story as Enterprise Demand Surges
Anthropic’s confrontation with the Trump administration has introduced fresh uncertainty ahead of the company’s planned stock market debut, with investors’ concern growing over the dispute’s potential impact on the IPO. The San Francisco-based AI developer entered June with extraordinary momentum. After raising $65 billion in fresh funding at a $965 billion valuation, surpassing OpenAI’s last […] The post Anthropic’s Clash With Trump Administration May Strengthen Its IPO Story as Enterprise Demand Surges appeared first on Tekedia.
Tekedia -
MARA Bitcoin Accumulation Strategy Signals Stronger Institutional Demand
Lookonchain data recently revealed that Bitcoin mining giant MARA purchased 1,000 Bitcoin worth approximately $66.7 million through FalconX, underscoring the company’s growing commitment to accumulating digital assets despite market volatility. The acquisition highlights a broader trend among publicly traded Bitcoin miners that are increasingly treating Bitcoin not only as a mined commodity but also as […] The post MARA Bitcoin Accumulation Strategy Signals Stronger Institutional Demand appeared first on Tekedia.
Tekedia -
Why Germans Still Prefer Cash Despite Digital Payment Growth
For decades, Germany has been the archetype of a cash-dominant economy in Europe, where physical currency was not just a payment method but a cultural preference tied to privacy, budgeting discipline, and distrust of digital surveillance. However, that long-standing position is now undergoing structural change. Mobile payments and contactless transactions are steadily eroding cash’s dominance, […] The post Why Germans Still Prefer Cash Despite Digital Payment Growth appeared first on Tekedia.
Tekedia -
Record Gold Demand from Central Banks Signals a Shift in Global Finance
Gold has long been regarded as a symbol of wealth, stability, and financial security. For centuries, it has played a central role in the global monetary system, serving as a store of value during times of economic uncertainty. In recent years, central banks around the world have accelerated their gold purchases at a pace not […] The post Record Gold Demand from Central Banks Signals a Shift in Global Finance appeared first on Tekedia.
Tekedia -
Online Scams Nigeria 2026: The Biggest Threats Targeting Nigerians Right Now
Online Scams Nigeria 2026: The Biggest Threats Targeting Nigerians Right Now Online scams are not new in Nigeria. What has changed in 2026 is how sophisticated they have become.… TechCity
Tech City NG -
Binance Founder CZ Urges Nations to Embrace Tokenization And Sovereign Stablecoins For Global Financial Leadership
Changpeng Zhao, widely known as CZ, the founder of Binance, has shared strategic recommendations for governments following high-level meetings with country leaders and regulators. In a recent post on X, CZ urged countries to accelerate the adoption of tokenized stocks and sovereign stablecoins as a pathway to global financial leadership. He wrote, “Countries need to […] The post Binance Founder CZ Urges Nations to Embrace Tokenization And Sovereign Stablecoins For Global Financial Leadership appeared first on Tekedia.
Tekedia -
 
 
How Did Warsh’s First Fed Meeting Go? He Emphasized “Price Stability,” and Markets Took A Hit
Federal Reserve Chairman Kevin Warsh entered his first policy meeting promising change. By the time the meeting ended, Wall Street had received a clear signal that the era of easy assumptions about interest-rate cuts may be over. The Fed left its benchmark interest rate unchanged at 3.5% to 3.75%, a decision markets had largely anticipated. […] The post How Did Warsh’s First Fed Meeting Go? He Emphasized “Price Stability,” and Markets Took A Hit appeared first on Tekedia.
Tekedia -
U.S. Awards $500m to SandboxAQ to Strengthen Domestic Semiconductor Supply Chains and Cut Reliance on Foreign Materials
The U.S. government has awarded $500 million to AI-driven startup SandboxAQ to accelerate the development of new chemicals and materials critical for American semiconductor manufacturing, marking a significant push under the CHIPS Act to reduce vulnerabilities in global supply chains. The funding, announced Wednesday by the Department of Commerce, targets four priority areas: replacements for […] The post U.S. Awards $500m to SandboxAQ to Strengthen Domestic Semiconductor Supply Chains and Cut Reliance on Foreign Materials appeared first on Tekedia.
Tekedia -
Starlink grabs headlines, but Safaricom keeps winning broadband users
Kenya's broadband market remains firmly in the hands of operators that have spent years building fibre infrastructure. 
TechCabal -
Every product Google has announced so far in 2026 
Google has spent the first half of the year weaving artificial intelligence into nearly every product it makes.
TechCabal -
Fintech Yoco thinks South Africa’s small businesses need fewer apps
At its Yoco Next 2026 event in Johannesburg on Tuesday, the company unveiled more than 20 new products and features.
TechCabal -
What building in Nigeria taught me about Francophone Africa: Notes from a serial entrepreneur
Tech In Africa -
SpaceX’s March Into Index Funds Sparks Debate Over Risk, Volatility, and Passive Investing
SpaceX’s explosive stock market debut has delivered windfall gains for early investors, but its impending inclusion in some of the world’s largest stock indexes is opening a new debate across Wall Street: whether passive investors are being forced to take on exposure to one of the market’s most volatile and controversial companies. The Elon Musk-led […] The post SpaceX’s March Into Index Funds Sparks Debate Over Risk, Volatility, and Passive Investing appeared first on Tekedia.
Tekedia -
Dubai’s Crypto Ecosystem Gets a Boost from Tether and DMCC Partnership
Tether’s partnership with Dubai’s DMCC marks another significant milestone in the global expansion of digital assets and blockchain technology. As one of the world’s largest stablecoin issuers, Tether continues to strengthen its presence in strategic markets, and its collaboration with the Dubai Multi Commodities Centre (DMCC) highlights the growing importance of the United Arab Emirates […] The post Dubai’s Crypto Ecosystem Gets a Boost from Tether and DMCC Partnership appeared first on Tekedia.
Tekedia -
“No Thank You:” Michael Burry Distances Self from SpaceX – Short or Long
Michael Burry, the investor made famous by his successful bet against the U.S. housing market before the 2008 financial crisis, has signaled that he is steering clear of one of the hottest trades on Wall Street: SpaceX. The caution from the man known as the “Big Short” comes as Elon Musk’s aerospace and artificial intelligence […] The post “No Thank You:” Michael Burry Distances Self from SpaceX – Short or Long appeared first on Tekedia.
Tekedia -
UAE Oil Output Set to Top 5mbpd After OPEC Exit as ADNOC Accelerates Expansion Plans
The United Arab Emirates is poised to become one of the most significant sources of new global oil supply growth after leaving the Organization of the Petroleum Exporting Countries (OPEC), with the International Energy Agency forecasting the country’s production will exceed 5 million barrels per day next year and continue climbing through 2027. In a […] The post UAE Oil Output Set to Top 5mbpd After OPEC Exit as ADNOC Accelerates Expansion Plans appeared first on Tekedia.
Tekedia -
Gemini 3.5 Flash vs Gemini 3.1 Pro: What’s the difference?
Gemini 3.5 Flash, like all Flash models, was designed for speed and efficiency, and has a more recent knowledge cutoff of January 2025.
TechCabal -
5 Ways South Africans Can Use Google to Enhance Their World Cup Experience
As excitement builds around Bafana Bafana’s first FIFA World Cup appearance since 2010, South Africans are turning to Google Search in record numbers to stay on top of every moment of the tournament. Recent Google Trends data reveals a sharp rise in searches related to South Africa’s opening match against Mexico, with fans looking for […]
IT News Africa -
 
 
Samsung Galaxy Z Fold 8 Wide: Release date, price, and specs
The Samsung Galaxy Z Fold 8 Wide comes as Apple is preparing its first foldable iPhone. Samsung is not waiting around.
TechCabal -
Meta Highlights Comprehensive Approach for Teen Online Safety
With growing concerns about online safety, cyberbullying, and digital wellbeing, Meta has reiterated its dedication to protecting young users. Meta brought together parents, educators, creators, youth advocates, and industry stakeholders at the Youth Online Safety Summit to discuss how technology can help create safer, more positive online experiences for teens while easing the burden on […]
IT News Africa -
$300 Billion Private Fund Emerges as Economic Glue in U.S.-Iran Peace Framework
A landmark $300 billion private investment vehicle, already more than half committed by global companies, forms a central economic pillar of the tentative U.S.-Iran framework agreement, designed to give both sides powerful commercial incentives to finalize a comprehensive end to their four-month war. The fund, which will be entirely financed by private capital rather than […] The post $300 Billion Private Fund Emerges as Economic Glue in U.S.-Iran Peace Framework appeared first on Tekedia.
Tekedia -
Exam Leak Scandal Triggers Telegram Crackdown in India
India has intensified its digital enforcement posture following two major incidents: the filing of criminal charges in a $20 million fake-Coinbase phishing operation and a temporary nationwide restriction on Telegram after leaked examination materials circulated on the platform. Together the actions highlight the government’s growing concern over cyber fraud information security and the role of […] The post Exam Leak Scandal Triggers Telegram Crackdown in India appeared first on Tekedia.
Tekedia -
Rivian CEO RJ Scaringe Floats a Future Where Robots Become Colleagues, Filling Labor Shortages
Rivian Automotive CEO RJ Scaringe is painting a future where humanoid robots are not job stealers but everyday colleagues on the factory floor, working alongside humans to tackle the auto industry’s persistent labor shortages while accelerating the production of next-generation electric vehicles. “There’s going to be thousands of people that are collaborating alongside these robots. […] The post Rivian CEO RJ Scaringe Floats a Future Where Robots Become Colleagues, Filling Labor Shortages appeared first on Tekedia.
Tekedia -
Why Stablecoins Like RLUSD Are Gaining Traction in African Financial Markets
Ripple backs Flutterwave at $3.2B to bring RLUSD to Africa signals a deeper convergence between global blockchain infrastructure and African digital payments. Ripple, long known for its cross-border settlement ambitions, is extending its strategic footprint through investment and ecosystem partnerships that aim to accelerate stablecoin adoption. Flutterwave has emerged as one of the continent’s most […] The post Why Stablecoins Like RLUSD Are Gaining Traction in African Financial Markets appeared first on Tekedia.
Tekedia -
Coinbase’s Role in Financial Tokenization is Bridging Traditional Finance and Blockchain
Coinbase, the US-based crypto exchange company, is reportedly preparing to launch 1:1 backed tokenized US stocks next month, marking a potential expansion of its on-chain financial product suite. The move would further integrate traditional equities with blockchain settlement rails, enabling digital representations of publicly listed shares backed on a strict parity basis. Alongside this, Base, […] The post Coinbase’s Role in Financial Tokenization is Bridging Traditional Finance and Blockchain appeared first on Tekedia.
Tekedia -
Jeff Bezos Thinks AI Will Lead To A Global Labor Shortage
Jeff Bezos has recently argued that artificial intelligence could create an unusual macroeconomic paradox: instead of eliminating jobs in a straightforward substitution effect, AI may eventually generate a labor shortage. This claim runs counter to the dominant narrative that automation primarily displaces workers and depresses employment. Bezos’s view instead reflects a more dynamic interpretation of […] The post Jeff Bezos Thinks AI Will Lead To A Global Labor Shortage appeared first on Tekedia.
Tekedia -
AmCham Kenya taps former markets regulator as US investment grows
Muthaura’s appointment comes as Kenya strengthens its position as a regional hub for multinational companies.
TechCabal -
How do Cyber Cartels Target South African Businesses
The enduring cultural image of the cybercriminal is an unexpectedly persistent myth. For a long time now, pop culture has depicted the threat adversary as a lone, anti-social hacker operating from a dark bedroom, driven by mischief or vague ideological grievances. That archetype is very much removed from reality. Today, when an organisation falls victim […]
IT News Africa -
What Ruto’s meeting with Sam Altman tells us about Kenya’s AI ambitions
The two discussed establishing Nairobi as the home of the first OpenAI Academy initiative in Eastern Africa, expanding AI education, and strengthening digital skills.
TechCabal -
Duxbury Cybersecurity Strengthens its Business Unit Targeting SA Resellers
Duxbury Networking has strengthened its Duxbury Cybersecurity business unit with the addition of WatchGuard and Cynet, giving South African resellers broader, more integrated coverage across the security risks customers. The move comes as cybersecurity buying becomes more fragmented and customer risk becomes harder to priorities. Customers are no longer looking for isolated point products. They […]
IT News Africa -