ChapGPT parent OpenAI is set to receive up to $100 billion in investments from chip giant Nvidia, helping cement the two firms as leaders in the race to build artificial intelligence systems that could transform the economy and society. The companies said the move will enable OpenAI to expand the fleet of data centers it…
Nvidia said it will invest $5 billion in Intel as part of a deal to co-develop data center and PC chips with the troubled chipmaker, which took on the U.S. government as an investor last month. Nvidia is investing its stake at a price of $23.28 a share, a release from the company said. Intel…
Addis Ababa — As increasingly frequent droughts and devastating floods are affecting agricultural productivity, leaving millions of people food insecure in Africa amid a lack of climate finance, the African Development Bank (AfDB) has committed USD 11 billion to support various climate-resilient and infrastructure projects in rural areas. Climate change-induced humanitarian emergencies are materializing in…
What’s the context? Amid funding uncertainty, African leaders urgently call for more climate adaptation cash. African leaders call for climate cash Aid cuts add strain to continent’s needs Private companies stepping up to fill gaps JOHANNESBURG, BRUSSELS – From mangrove restoration along West Africa’s coastline to organic waste recycling in Nairobi, billions of dollars have…
A report by the Coalition for Disaster Resilient Infrastructure (CDRI), a global coalition dedicated to enhancing the resilience of infrastructure systems to climate and disaster risks, has put the average annual loss of infrastructure, including buildings caused by disasters in Africa, at $12.7 billion. According to the report, of the damage, 70 per cent is…
African Export-Import Bank (Afreximbank) and Shelter Afrique Development Bank (ShafDB) have signed a groundbreaking Joint Project Preparation Facility (JPPF) Framework Agreement. This strategic partnership aims to unlock a cumulative investment value of at least US$1 billion and is set to significantly transform housing and urban development across the continent and boost trade and investment. Signed…
A smartphone with the logo of U.S. artificial intelligence company Cognition AI Inc. Timon Schneider | SOPA Images | Sipa USA | AP Cognition, the artificial intelligence startup that acquired Windsurf in July, said on Monday that it closed a $400 million funding round at valuation of $10.2 billion, which includes the fresh capital. The…
Anthropic, the company behind the Claude chatbot, has agreed to a record-breaking $1.5 billion settlement to resolve a class-action piracy lawsuit brought by more than 500,000 authors. The payout is the largest ever for a copyright case in the United States and sets a major precedent for the AI industry. Read: Study finds signs of…
In Ukraine, where war is currently going on with Russia, community mental health teams are providing mental health care to affected families. PHOTO/WHO/Christopher Black. By HEALTH CORRESPONDENT [email protected] More than 1 billion people are living with mental health disorders, according to new data released by the World Health Organisation (WHO), with conditions such as anxiety…
More than a billion people worldwide are living with mental health conditions, according to new data released by the World Health Organization (WHO) on Tuesday. Disorders such as anxiety and depression are exacting a heavy toll on individuals, families and economies, yet most countries are failing to provide adequate support. Mental health problems are widespread…
