Naija News Feed
Technology
👨🏿‍🚀TechCabal Daily – Amazon finds space in SA
TechCabal -
AI Demand Drives SK Hynix Higher as Smartphone Industry Faces Memory Shortages
SK Hynix has officially entered Wall Street history. The South Korean memory-chip giant made its Nasdaq debut at $149 per share, raising more than $26 billion in what has become the largest foreign listing ever completed on a US exchange. Yet the celebration was quickly followed by turbulence, as the company’s Seoul-listed shares plunged 15.4% […] The post AI Demand Drives SK Hynix Higher as Smartphone Industry Faces Memory Shortages appeared first on Tekedia.
Tekedia -
European Union Backs Major Chip Investment Amid Global Semiconductor Race
The European Union has approved Germany’s plan to invest €659 million in semiconductor manufacturing facilities, marking another significant step in Europe’s broader effort to strengthen technological sovereignty and reduce dependence on foreign chip suppliers. The decision comes at a time when semiconductors have become one of the most strategically important commodities in the global economy, […] The post European Union Backs Major Chip Investment Amid Global Semiconductor Race appeared first on Tekedia.
Tekedia -
AFX Launches Sovereign Layer 1 to Compete in the Exploding Perpetual Futures Market
Perpetual decentralized exchanges (Perp DEXs) have emerged as one of the most active sectors in the cryptocurrency industry, signaling a major shift in how traders access leverage, liquidity, and derivatives markets. With approximately $21.9 billion in daily trading volume, perpetual futures platforms are increasingly competing with centralized exchanges, demonstrating that on-chain trading infrastructure is becoming […] The post AFX Launches Sovereign Layer 1 to Compete in the Exploding Perpetual Futures Market appeared first on Tekedia.
Tekedia -
Why Apple Is Outperforming the Smartphone Market in 2026
Apple’s ascent to a new all-time high has become one of the most remarkable stories in global markets. On July 13, the technology giant closed at $317.31 per share, lifting its market capitalization to roughly $4.7 trillion. The achievement is particularly striking because it comes at a time when the broader smartphone industry is struggling. […] The post Why Apple Is Outperforming the Smartphone Market in 2026 appeared first on Tekedia.
Tekedia -
Why Investors Are Betting on Crypto Infrastructure Stocks in 2026
The latest developments in entertainment and financial markets highlight two very different but equally significant trends shaping global industries. On one hand, the animated universe of Claynosaurz is expanding into mainstream media with the release of its first season on Amazon Prime. On the other, investors are closely monitoring companies tied to Bitcoin and the […] The post Why Investors Are Betting on Crypto Infrastructure Stocks in 2026 appeared first on Tekedia.
Tekedia -
Japan Reclassifies Cryptos as Financial Assets, Tightening Oversight and Opening the Door to Wider Institutional Adoption
Japan has approved one of its most significant cryptocurrency regulatory overhauls in years, passing legislation that will formally classify digital assets as financial assets rather than payment instruments. The move tightens oversight of the rapidly growing sector, extends insider trading rules to crypto markets and further integrates digital assets into Japan’s mainstream financial system. The […] The post Japan Reclassifies Cryptos as Financial Assets, Tightening Oversight and Opening the Door to Wider Institutional Adoption appeared first on Tekedia.
Tekedia -
The Impact of DeepSeek’s IPO on Global Tech Investors
Chinese artificial intelligence startup DeepSeek is reportedly preparing for an initial public offering (IPO) as early as this year, a move that could become one of the most significant events in the global AI industry. The potential listing comes amid growing investor enthusiasm for artificial intelligence companies and intensifying competition between Chinese and American technology […] The post The Impact of DeepSeek’s IPO on Global Tech Investors appeared first on Tekedia.
Tekedia -
Lookonchain Data Reveals Major ETH Accumulation Amid Fears of Government Bitcoin Selling
The cryptocurrency market is once again being shaped by the movements of large holders and institutional wallets, with recent blockchain data suggesting a growing divergence between bullish Ethereum sentiment and renewed concerns over potential Bitcoin selling pressure. On-chain analytics platform Lookonchain has highlighted significant whale activity in Ethereum, while a long-dormant Bitcoin wallet linked to […] The post Lookonchain Data Reveals Major ETH Accumulation Amid Fears of Government Bitcoin Selling appeared first on Tekedia.
Tekedia -
National Attention Turns to Trump’s Speech on 2020 Election Allegations
U.S. President Donald Trump is scheduled to address the nation on Thursday at 9 p.m. Eastern Time regarding newly declassified information related to alleged irregularities in the 2020 presidential election. The announcement has already generated significant political interest, with supporters and critics alike closely watching for details about the documents and their potential implications. The […] The post National Attention Turns to Trump’s Speech on 2020 Election Allegations appeared first on Tekedia.
Tekedia -
Meta’s Alleged Use of AI in Layoff Decisions Raises Ethical Concerns
A recent report alleging that Meta used artificial intelligence software to identify employees with medical issues during workforce reductions has reignited concerns about the growing role of AI in corporate decision-making. If proven true, the claims would represent a troubling intersection of technology, privacy, and labor rights, raising fundamental questions about how companies should deploy […] The post Meta’s Alleged Use of AI in Layoff Decisions Raises Ethical Concerns appeared first on Tekedia.
Tekedia -
Trump Administration Launches AI Cybersecurity Coordination Network to Protect Critical Infrastructure
The Trump administration has formally launched a new cybersecurity coordination initiative that brings together leading artificial intelligence developers and operators of critical infrastructure to identify, share, and respond to software vulnerabilities uncovered by powerful AI systems, marking another step toward a more active federal role in AI oversight. The White House said the initiative implements […] The post Trump Administration Launches AI Cybersecurity Coordination Network to Protect Critical Infrastructure appeared first on Tekedia.
Tekedia -
 
 
Global Markets Brace for Impact as Trump Targets Strait of Hormuz Shipping
The escalating confrontation between the United States and Iran has entered a dangerous new phase, with President Donald Trump reportedly proposing a 20% cargo fee on all shipments passing through the Strait of Hormuz while simultaneously formally notifying Congress that the United States is at war with Iran. The move, if fully implemented, could dramatically […] The post Global Markets Brace for Impact as Trump Targets Strait of Hormuz Shipping appeared first on Tekedia.
Tekedia -
Hyperliquid’s Rise Signals a New Era for Decentralized Perpetual Trading
Hyperliquid has reached a significant milestone in the cryptocurrency derivatives market, capturing a record 9.1% share of aggregate perpetual futures open interest compared with centralized exchanges. The achievement marks a major shift in market structure and highlights the growing influence of decentralized finance (DeFi) platforms in areas that were once dominated almost exclusively by centralized […] The post Hyperliquid’s Rise Signals a New Era for Decentralized Perpetual Trading appeared first on Tekedia.
Tekedia -
Constitutional Battle Over Trump’s Tariffs and Its $81 Billion Price Tag
The United States government now faces one of the largest potential refund obligations in recent trade history after a Supreme Court ruling declared President Donald Trump’s tariffs illegal. The decision, which could require the Treasury to return approximately $81 billion in collected duties, has reignited debate over executive authority, trade policy, and the long-term consequences […] The post Constitutional Battle Over Trump’s Tariffs and Its $81 Billion Price Tag appeared first on Tekedia.
Tekedia -
$100 Million in Crypto Shorts Wiped Out as Inflation Data Sparks Market Rally
The cryptocurrency market experienced a dramatic surge after the latest U.S. Consumer Price Index (CPI) report revealed the largest monthly decline in inflation since 2020, triggering a massive short squeeze that erased more than $100 million in bearish crypto positions. The event once again demonstrated the close relationship between macroeconomic indicators and digital asset markets, […] The post $100 Million in Crypto Shorts Wiped Out as Inflation Data Sparks Market Rally appeared first on Tekedia.
Tekedia -
IBM’s 25% Stock Drop Raises Questions About Its AI and Cloud Strategy
IBM’s shares plunged nearly 25% at the market open following the release of earnings that fell short of Wall Street expectations, marking one of the company’s sharpest single-day declines in recent years. The dramatic sell-off highlights the increasingly unforgiving environment facing technology companies, where investors demand not only solid financial performance but also convincing growth […] The post IBM’s 25% Stock Drop Raises Questions About Its AI and Cloud Strategy appeared first on Tekedia.
Tekedia -
6 Best Sites to Buy Gift Cards Online Instantly in Nigeria (2026)
Tech City NG -
Flutterwave Teams Up With SunFintech to Simplify Cross-Border Payments And FX Across Africa
SunFintech, a Mauritius-incorporated payment intermediary, has partnered with Flutterwave to enhance cross-border payments, foreign exchange liquidity, and treasury operations across Africa. By leveraging Flutterwave’s pan-African payment infrastructure, the company aims to eliminate settlement delays, enable seamless multi-currency transactions, and build a robust treasury ecosystem to support its expansion across the continent. The partnership comes as […] The post Flutterwave Teams Up With SunFintech to Simplify Cross-Border Payments And FX Across Africa appeared first on Tekedia.
Tekedia -
Why Nigeria’s ntel is pivoting from telecom operator to infrastructure company
TechCabal -
Nvidia Cuts Asia’s AI Chip Customers In Half As U.S. Export Crackdown Squeezes Access
Nvidia has reportedly cut by more than half the number of Asian customers authorized to purchase its advanced artificial intelligence chips after introducing a stringent “white list” approval system. The move highlights the growing impact of U.S. export controls on the global AI supply chain and intensifies pressure on cloud providers operating across Asia. The […] The post Nvidia Cuts Asia’s AI Chip Customers In Half As U.S. Export Crackdown Squeezes Access appeared first on Tekedia.
Tekedia -
China’s Robotics Startup LimX Dynamics to Go Public, Joining the Country’s Humanoid Robotics Race Toward IPO
Chinese humanoid robotics startup LimX Dynamics is preparing to go public just four years after its founding, marking the extraordinary pace at which China’s embodied artificial intelligence industry is evolving as investors pour billions into one of the country’s fastest-growing technology sectors. Founder and Chief Executive Will Zhang said an initial public offering is no […] The post China’s Robotics Startup LimX Dynamics to Go Public, Joining the Country’s Humanoid Robotics Race Toward IPO appeared first on Tekedia.
Tekedia -
Semiconductor Startup Tylsemi Raises $43m in Seed Fund To Develop Modular Chip Tech
TYLSemi, a semiconductor startup founded by former AlphaWave executives shortly after Qualcomm acquired the company, has raised $43 million in seed funding to develop modular chip technology aimed at helping companies build custom artificial intelligence processors more quickly and at lower cost. The fundraising comes as demand for custom AI chips accelerates beyond hyperscalers such […] The post Semiconductor Startup Tylsemi Raises $43m in Seed Fund To Develop Modular Chip Tech appeared first on Tekedia.
Tekedia -
In Search of Unstoppable Africans, Global Africa Business Initiative (GABI) Invites Nominations from Across the Continent
Tech In Africa -
 
 
African SaaS Leader Becomes Seamless Technologies, Unveils Artificial Intelligence (AI) and Financial Solutions
Tech In Africa -
DeepSeek Eyes 2026 IPO: China’s AI Powerhouse Gears Up For Public Debut
Chinese AI firm DeepSeek is preparing to file for an initial public offering (IPO) as soon as this year, according to reports. The move marks a significant milestone for one of China’s most prominent AI startups, which has rapidly risen to prominence through its development of high-performance, cost-efficient large language models. Reactions on X suggest […] The post DeepSeek Eyes 2026 IPO: China’s AI Powerhouse Gears Up For Public Debut appeared first on Tekedia.
Tekedia -
China’s Smartphone Shipments Extend Decline As Higher AI-Driven Chip Costs Lift Prices: Huawei And Apple Gain Market Share
China’s smartphone market contracted for a fifth consecutive quarter in the second quarter of 2026 as rising memory chip prices, fueled by the global artificial intelligence boom, pushed handset prices higher and dampened consumer demand. The slowdown underlines that soaring AI infrastructure investment is reshaping the consumer electronics industry, with component inflation weighing on smartphone […] The post China’s Smartphone Shipments Extend Decline As Higher AI-Driven Chip Costs Lift Prices: Huawei And Apple Gain Market Share appeared first on Tekedia.
Tekedia -
South Korea Set for First Rate Hike in Over Three Years as Inflation, AI Boom Strengthen Case for Tightening
South Korea’s central bank is widely expected to deliver its first interest rate increase in more than three years on Thursday, marking the beginning of a new monetary tightening cycle as persistent inflation, stronger economic growth and a booming semiconductor industry reshape the country’s economic outlook. A Reuters poll conducted between July 7 and July […] The post South Korea Set for First Rate Hike in Over Three Years as Inflation, AI Boom Strengthen Case for Tightening appeared first on Tekedia.
Tekedia -
China’s CXMT Set For $4.35bn Shanghai Debut As Beijing Accelerates Semiconductor Ambitions
China’s leading memory chipmaker, ChangXin Memory Technologies (CXMT), is set to make its long-awaited debut on the Shanghai Stock Exchange’s STAR Market on July 27, according to two people familiar with the matter cited by Reuters. The debut will mark the biggest semiconductor listing in mainland China since SMIC’s blockbuster IPO in 2020. It comes […] The post China’s CXMT Set For $4.35bn Shanghai Debut As Beijing Accelerates Semiconductor Ambitions appeared first on Tekedia.
Tekedia -
South Korea Moves To Ease Funding Rules, Make It Easier For SK Hynix To Establish Joint Ventures With Outside Investors
South Korea’s ruling Democratic Party has proposed legislation that would make it easier for SK Hynix to establish joint ventures with outside investors to finance new semiconductor manufacturing plants, underscoring Seoul’s determination to strengthen its position in the global artificial intelligence supply chain. The proposed amendment follows President Lee Jae Myung’s broader strategy to transform […] The post South Korea Moves To Ease Funding Rules, Make It Easier For SK Hynix To Establish Joint Ventures With Outside Investors appeared first on Tekedia.
Tekedia -
Can the AT50 Index convince Africa’s biggest startups to list at home?
TechCabal -
The Hidden Career Risks of Workplace Artificial Intelligence
Artificial intelligence is rapidly becoming a permanent fixture in modern workplaces. From drafting reports and analyzing data to generating code and streamlining administrative tasks, AI tools are transforming how employees work. Companies across industries increasingly encourage, and in some cases require, workers to integrate AI into their daily routines in pursuit of higher productivity and […] The post The Hidden Career Risks of Workplace Artificial Intelligence appeared first on Tekedia.
Tekedia -
How to watch Galaxy Unpacked 2026 live and what to expect
TechCabal -
Osun 2026: This Election Is More Than a Governorship Race
As Osun State approaches the August 15, 2026 governorship election, the campaign atmosphere has moved beyond the familiar rhythms of Nigerian electoral politics. What is unfolding is not simply a contest between parties; it is a referendum on competing ideas of governance, economic management, and political legitimacy. Analysts increasingly describe the election as an “epochal […] The post Osun 2026: This Election Is More Than a Governorship Race appeared first on Tekedia.
Tekedia -
Swiss Watchdog Probes Google Over Android Search Choice As Europe’s Tech Crackdown Widens
Switzerland’s Competition Commission (COMCO) has launched a preliminary investigation into Google’s removal of a feature that allowed Android users to choose their preferred default search engine during device setup, adding to mounting regulatory pressure on Big Tech across Europe. The watchdog said on Tuesday it is examining whether Google’s decision to disable the “Choice Screen” […] The post Swiss Watchdog Probes Google Over Android Search Choice As Europe’s Tech Crackdown Widens appeared first on Tekedia.
Tekedia -
SoftBank’s Masayoshi Son Predicts $5tn Annual AI Investment by 2040, Dismisses Bubble Fears
SoftBank Group Chief Executive Masayoshi Son has delivered one of his boldest forecasts yet on the future of artificial intelligence, noting that global investment in AI infrastructure will reach an unprecedented $5 trillion annually by 2040. He also dismissed concerns about an AI bubble as a fundamental misunderstanding of the technology’s transformative potential. The projection […] The post SoftBank’s Masayoshi Son Predicts $5tn Annual AI Investment by 2040, Dismisses Bubble Fears appeared first on Tekedia.
Tekedia -