The Huawei logo at the World Artificial Intelligence Conference in Shanghai in July 2026. Go Nakamura/Reuters China’s Huawei Technologies reported a 36% plunge in first-half net profit on Monday as soaring input costs and heavier spending on research and development outweighed revenue growth. The Shenzhen-based tech and telecoms giant said net profit for January to…
South African venture capital firm Mamor Capital Ventures has reached a R300m first close for its inaugural fund, giving it capital to begin investing in post-revenue technology businesses while it continues raising towards a R550m target. Fuzlin Levy-Hassen CFO, Mamokete Ramathe CEO, of Mamor Capital | image supplied The first close follows more than three…
The financial regulator wants to engage finfluencers, while taking enforcement action against those providing financial advice without authorisation. (Image created via Gemini) The Financial Sector Conduct Authority (FSCA) has already fined several finfluencers for regulatory breaches, warning that influencers who offer financial advice without adequate authorisation could face enforcement action. The warning was delivered during…
Eskom chairman Mteto Nyati Eskom more than doubled its profit in the year to 31 March 2026, reporting net profit after tax of R30.3-billion against R14-billion the year before. It is the utility’s second consecutive annual profit after eight years of losses. Revenue rose 4.1% to R354.7-billion, earnings before interest, tax, depreciation and amortisation climbed…
Gatik Announces Series D round Gatik, the leader in autonomous trucking, today announced $200 million in financing as demand accelerates for driverless commercial freight across Fortune 50 retail, grocery and CPG supply chains. The Series D round was led by Qatar Investment Authority (QIA) and Koch Disruptive Technologies (KDT), with participation from Millennium Management, ARK…
Jessica Hawkey, founder and managing director of redAcademy. There has always been a distance between what a person learns in a classroom and what the business needs them to do in the office. For years, companies have absorbed this distance as a cost of hiring. They’ve built systems around the months of onboarding, the time…
A SpaceX Falcon Heavy rocket lifts off carrying Nasa’s Nancy Grace Roman Space Telescope. Joe Skipper/Reuters Nasa’s new flagship observatory launched from Florida on Sunday on a mission to probe some of the biggest mysteries in astrophysics and cosmology. The Nancy Grace Roman Space Telescope, a roughly US$4-billion project, lifted off at 7.26am local time…
For years, cloud sovereignty was shorthand for data residency. Keep it local, keep it compliant, so the thinking went, and you’ll keep regulators happy. But as AI rewires what organisations actually need from their infrastructure, sovereignty is now more than simply where a server sits. Ashesh Badani, senior vice president and chief product officer, Red…
Jensen Huang, CEO of Nvidia Nvidia’s reported move to acquire Hugging Face for about US$12.9-billion (R207-billion) looks, at first glance, like a strange bet. The target is a 10-year-old start-up with roughly $150-million in annual revenue that was last formally valued at $4.5-billion in a 2023 funding round. A near-triple markup for a company only…
Eugene Perumal, founder and principal of Valutivity. Some 95% of executives say their organisations have already experienced negative consequences from enterprise AI use, with direct financial loss as the most common outcome. Agentic AI compounds that risk dramatically. Agents that can read, write, trigger workflows and initiate transactions under a single broadly permissioned identity are…
