Intel shares skyrocketed more than 23.6% on Friday, closing at $82.54 and finally eclipsed the company’s long-standing peak from the year 2000. This historic rally pushed Intel’s market value above $416 billion, signalling a massive vote of investor confidence in the turnaround led by CEO Lip-Bu Tan. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday:…
Porsche has agreed to sell its equity stake in Bugatti Rimac. Porsche and Rimac Group established Bugatti Rimac as a joint venture in 2021 to serve as home to the iconic Bugatti brand. In this joint venture, Porsche holds a minority stake of 45%, Rimac Group owns 55%. Porsche also holds a 20.6% stake in…
Snap cut a thousand employees in mid-April, about 16% of its workforce, after saying AI now writes more than 65% of its new code. It was the latest in a global wave of AI-linked job cuts. In South Africa, where the official unemployment rate sat at 31.4% at the end of 2025 and youth unemployment at…
Cryptocurrency in South Africa has officially shed its reputation as a speculative gamble, according to the Discovery Bank SpendTrend26 report. The study, conducted in partnership with Visa, reveals that South Africans are increasingly integrating digital assets into their core investment strategies alongside traditional holdings like stocks and property. Read: Bandwidth Blog & Smile 90.4FM Tech…
Solly Malatsi, communications and digital technologies minister. Communications minister Solly Malatsi has decided to withdraw South Africa’s draft National Artificial Intelligence (AI) Policy, citing integrity as the reason behind the move. This, after a News24 report at the weekend uncovered fake and made-up research used to draft the country’s AI framework. The news outlet stated that several…
Solly Malatsi. Image: DCDT Communications minister Solly Malatsi has withdrawn South Africa’s draft National AI Policy following revelations that it contained fictitious academic references, in what appears to be a case of unverified AI-generated citations making their way into official government policy. In a statement issued on Sunday evening, Malatsi said the withdrawal was necessary…
Microsoft is preparing to further reduce its US headcount through its first-ever voluntary buyout program, according to reports from CNBC. The initiative targets veteran employees at the senior director level and below whose combined age and years of service total 70 or higher. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: Is the AI bubble…
South Africans are outsourcing shopping decisions to AI tools. South Africans are increasingly turning to artificial intelligence (AI) tools as a core part of their shopping, with almost half of surveyed people now using AI tools weekly to inform their purchasing decisions. This is according to latest edition of SpendTrend26, compiled by Discovery Bank and…
A SpaceX Super Heavy booster carrying the Starship spacecraft lifts off on its 11th test flight at the company’s launch pad in Starbase, Texas, last year. Steve Nesius/Reuters Elon Musk is touting SpaceX as humanity’s ticket to Mars. But the company’s pitch to investors for a potentially historic IPO reveals that its main business will…
A US Army Special Forces master sergeant, Gannon Ken Van Dyke, has been arrested for allegedly using classified military intelligence to orchestrate a lucrative insider trading scheme on the prediction marketplace Polymarket. Van Dyke is accused of leveraging his direct involvement in the planning and execution of the operation to capture former Venezuelan President Nicolás…
