Chip maker Nvidia will invest up to US$100-billion in OpenAI, marking a tie-up between two of the highest-profile leaders in the global artificial intelligence race. Companies worldwide are pouring hundreds of billions of dollars into securing and expanding capacity for powerful cloud computing required to develop and power complex AI technology. The two companies signed…
Meta CEO Mark Zuckerberg wears the Meta Ray-Ban Display glasses as he delivers a speech presenting the new line of smart glasses at the Meta Connect event in California. Carlos Barria/Reuters Meta Platforms on Wednesday launched its first consumer-ready smartglasses with a built-in display, seeking to extend the momentum of its Ray-Ban line, one of…
Dado Ruvic/Reuters Nvidia has announced it will invest US$5-billion in Intel, throwing its heft behind the struggling US chip company weeks after the White House engineered a deal for the US government to take a massive stake in the company. Nvidia’s support represents a new opening for Intel after years of turnaround efforts at the…
MTN Group CEO Ralph Mupita MTN Group is preparing a major push into artificial intelligence infrastructure, signalling a strategic shift beyond its traditional telecommunications business. According to a Bloomberg News report on Tuesday, MTN is in talks with US and European firms to co-build data centres across the continent to supply AI computing power to…
PayInc CEO Stephen Linnell The Competition Commission in August recommended to the Competition Tribunal that the South African Reserve Bank’s proposed acquisition of a 50% stake in payments clearing house PayInc – previously BankServAfrica – be approved without conditions attached. The move radically changes the ownership structure of PayInc, the developer and manager of rapid…
Brendan McDermid/Reuters Google has unveiled a new line-up of Pixel smartphones and gadgets, intensifying its efforts to embed artificial intelligence across a wide ecosystem of products. The products were launched at the annual “Made by Google” event held in New York that diverged from its typical format to emphasise mainstream consumer appeal over technical details….
Lunga Siyo, CEO of Telkom Consumer. Telkom, South Africa’s third-biggest mobile operator, has set its sights on taking the competition to the Vodacom and MTN duopoly. This was the word yesterday from Lunga Siyo, CEO of Telkom Consumer, in an interview with ITWeb after the JSE-listed telecommunications company announced its annual financial results for the…
Mark Zuckerberg Mark Zuckerberg, the billionaire CEO of Meta Platforms, is setting up a team of experts to achieve so-called “artificial general intelligence” (AGI), or machines that can match or surpass human capabilities, Bloomberg News reported on Tuesday. Zuckerberg is building the new AI team in tandem with a reported investment of over US$10-billion in…
