Africa: India and South Africa Burn a Lot of Coal – What They Can Learn From Each Other About Ending the Dependency

Africa: India and South Africa Burn a Lot of Coal – What They Can Learn From Each Other About Ending the Dependency

India and South Africa are both navigating one of the toughest challenges of the 21st century: shifting their electricity systems away from ageing coal-fired power stations while ensuring people still have reliable, affordable energy. South Africa generates about 74% of its electricity from coal, one of the highest shares in the world. Electricity plants are…

Read More
OpenAI’s staggering burn rate: 5-billion by 2029

OpenAI’s staggering burn rate: $115-billion by 2029

OpenAI has sharply raised its projected cash burn through 2029 to US$115-billion (R2-trillion) as it ramps up spending to power the AI behind its popular ChatGPT chatbot, The Information reported on Friday (paywall). The new forecast is $80-billion higher than the company previously expected, the news outlet said, without citing a source for the report….

Read More
CIO Faith Burn takes up new role at Land Bank

CIO Faith Burn takes up new role at Land Bank

Faith Burn, chief technology and operations officer of the Land Bank. Technology executive Faith Burn has been appointed as chief technology and operations officer (CTOO) of the Land and Agricultural Development Bank of South Africa (Land Bank). Established in 1912 and reconstituted in 2002, the Land Bank is a wholly government-owned agricultural development finance institution,…

Read More