AI spending boom hits overdrive

AI spending boom hits overdrive

A momentous week in the technology sector made it clear there is no sign the boom in building artificial intelligence infrastructure is slowing — despite the bubble talk. Nvidia, whose processors are the AI revolution’s backbone, became the first company to surpass US$5-trillion in market value. Microsoft and OpenAI inked a deal enhancing the ChatGPT…

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Nvidia becomes first -trillion company amid AI boom

Nvidia becomes first $5-trillion company amid AI boom

Nvidia made history on Wednesday by becoming the first company to reach a market capitalization of US$5-trillion, cementing its position as the undisputed backbone of the global artificial intelligence industry. This stunning rally underscores the company’s swift transformation from a niche designer of graphics chips into a dominant tech giant, and it solidifies CEO Jensen…

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AI boom powers Intel’s Q3 growth

AI boom powers Intel’s Q3 growth

Lip-Bu Tan, CEO of Intel. Chipmaker Intel has reported a stronger-than-expected performance and key strategic milestones in its financial results for the third quarter of 2025. The company posted net revenue of $13.7 billion, a 3% increase compared to the same period last year. The Client Computing Group led growth with revenue rising 5% to…

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Africa: Cannabis Boom in South Africa and Zimbabwe Is Good for Wealthy Investors, Bad for Small Farmers

Africa: Cannabis Boom in South Africa and Zimbabwe Is Good for Wealthy Investors, Bad for Small Farmers

Cannabis is booming as an ingredient in everything from supplementary oils, inflammation-reducing skin creams, lip balms to health drinks and gummy sweets that promise to reduce anxiety and pain and promote relaxation. The global legal cannabis market is today worth about US$69.78 billion, and this will skyrocket to US$216.76 billion by 2033. Read more: More…

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Africa: Cannabis Boom in South Africa and Zimbabwe Is Good for Wealthy Investors, Bad for Small Farmers

Africa: Nigeria’s Building Boom Lifts Lafarge Africa’s Nine-Month Profit By 246 Percent

A wave of real estate development in the cities and urban centres of Africa’s most populous nation, where the government requires $6.25 billion in yearly investment to narrow a housing shortfall, is fuelling demand for building materials, particularly cement. Nigeria’s building boom, propelled by rapid urbanisation and infrastructure development, laid the groundwork for the 245.9…

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AI boom puts Africa at a crossroads

AI boom puts Africa at a crossroads

Last week, Prof Arthur Mutambara, director of the University of Johannesburg’s Institute for the Centre of Knowledge, launched his new book, Deploying Artificial Intelligence to Achieve the UN Sustainable Development Goals. The significance of AI was underscored by the diverse and engaged audience at the launch. In attendance were curious students, representatives from the Chinese…

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Online shopping boom in South Africa

Online shopping boom in South Africa

Online retail now makes up nearly 10% of total retail sales in South Africa, and World Wide Worx has forecast the figure will breach that mark for the first time ever in January 2026. Online retail sales as a proportion of total retail revenue grew to 8% in the 2024 calendar year and is on…

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