Following the conclusion of its corporate restructuring last week, which included waiving Microsoft’s right of first refusal to be its exclusive compute provider, OpenAI has moved quickly to diversify its cloud infrastructure. The AI giant has just finalized a new, massive multi-year partnership with Amazon Web Services (AWS), reportedly valued at $38 billion. Read: Nvidia…
SpaceX is reportedly set to receive a massive $2 billion contract from the U.S. government to develop a new array of military satellites, according to the Wall Street Journal. This funding is specifically earmarked for building up to 600 satellites capable of tracking both missiles and aircraft. Read: OpenAI prepares for potential $1 trillion IPO…
At the close of an international conference in Paris on the Great Lakes region, French President Emmanuel Macron has announced that €1.5 billion has been pledged in aid. Meanwhile the airport in Goma, in the Democratic Republic of Congo, will reopen to humanitarian flights. Millions of people are facing hunger in the DRC, which has…
Luanda, Angola — 29 October 2025 The Alliance of African Multilateral Financial Institutions (AAMFI) and the African Union Development Agency-NEPAD (AUDA-NEPAD) have jointly announced the establishment of the AAMFI Infrastructure Financing Facility for African Union Development projects, a major initiative to accelerate infrastructure development across Africa. The announcement was made during the Luanda Infrastructure Financing…
A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico, on June 14, 2024. Henry Romero | Reuters HSBC said on Monday that it will recognize a provision of $1.1 billion in its third quarter results following a court ruling in Luxembourg related to the Bernard Madoff…
Carles Reina, GTM manager at Eleven Labs, shared why he invested in AI company. Eleven Labs The angel investor who backed a billion-dollar AI startup when it was still in its infancy said he decided to invest in the company after just 30 minutes of meeting one of its founders. Carles Reina first decided to…
In recent years, Africa has emerged as one of the world’s most dynamic tech frontiers. From fintech innovation to esports expansion, digital adoption is reshaping how people spend, earn, and interact. Sports betting, sitting at the intersection of culture, entertainment, and finance, now stands as one of the clearest reflections of that change. Africa’s betting…
JPMorgan Chase on Monday said it is launching a decade-long plan to help finance and take direct stakes in companies it considers crucial to U.S. interests. The bank said in a statement it would invest up to $10 billion into companies in four areas: defense and aerospace, “frontier” technologies including AI and quantum computing, energy…
Two HSBC bank logos are displayed on an office building in Mexico City, Mexico, July 25, 2025. Henry Romero | Reuters Hang Seng Bank shares jumped 29.5% Thursday after parent HSBC announced plans to take it private, valuing the lender at more than 290 billion Hong Kong dollars (over $37 billion). HSBC, Europe’s largest lender,…
Starlink, the satellite internet division of SpaceX, has affirmed its commitment to launching in South Africa, announcing plans to spend R2.5 billion on local infrastructure and pledging compliance with Black Economic Empowerment (BEE) legislation. Read: Sony ULT Field 5 Review: ULTimately Based Ryan Goodnight, Senior Director of Market Access at SpaceX, delivered the update at…
