Nvidia founder and CEO Jensen Huang looks on as US President Donald Trump speaks at the US-Saudi Investment Forum at the John F. Kennedy Center for the Performing Arts in Washington, DC on Nov. 19, 2025. Brendan Smialowski | AFP | Getty Images It’s been two days since news broke that Nvidia was spending $20…
Jonathan Ross, chief executive officer of Groq Inc., during the GenAI Summit in San Francisco, California, US, on Thursday, May 30, 2024. David Paul | Bloomberg | Getty Images Nvidia has agreed to buy assets from Groq, a designer of high-performance artificial intelligence accelerator chips, for $20 billion in cash, according to Alex Davis, CEO…
Transnet-run Port of Durban is the busiest in sub-Saharan Africa. (Photograph: Wikimedia.) Loss-making Transnet has until noon on Monday to pay Gijima R60 million for work done between July and September this year following failing in its bid to end a R1.5 billion tender. Transnet’s agreement to pay Gijima follows a ruling earlier this month…
The firm behind President Donald Trump’s Truth Social platform is merging with a Google-backed energy company in a deal valued at more than $6bn (£4.4bn). Trump Media & Technology Group (TMTG) and TAE Technologies announced the plans on Thursday in a joint statement, which said the move would “create one of the world’s first publicly…
Edtech giants Coursera and Udemy will merge in a major deal. Edtech firms, Coursera and Udemy have entered into a definitive merger agreement under which Coursera will combine with Udemy in an all-stock transaction. According to a statement, based on the closing prices of Coursera and Udemy common stock on December 16, the implied equity…
Disney has acted swiftly on CEO Bob Iger’s commitment to generative AI, announcing a groundbreaking three-year licensing agreement with OpenAI. The multi-faceted pact, valued at $82.7 billion, will integrate Disney’s iconic intellectual property (IP) into the Sora video creation app and ChatGPT’s image generation platform. Read: Epson CO-W01 Projector Review: Project Success The deal allows…
US trade representative Jamieson Greer on Tuesday said he is open to treating South Africa differently than other African countries if Washington extends a trade initiative with sub-Saharan Africa that expired in September. Greer told a US senate appropriations subcommittee hearing that the Donald Trump administration was open to a one-year extension of the African…
The Trump administration announced a deal Tuesday to officially end a major student loan repayment program implemented under President Joe Biden. The Education Department said in a news release that it reached a proposed joint settlement agreement with Missouri to bring an end to Biden’s “Saving on a Valuable Education” plan. Several Republican-led states had…
Capitec’s head office in Stellenbosch. Image: Capitec Capitec is moving deeper into South Africa’s fast-growing payments ecosystem with a R400-million acquisition of fintech player Walletdoc, a move that signals the Stellenbosch-based bank’s intention to broaden its reach in digital commerce and lower the cost of transacting. The bank said on Monday that it has signed…
Capitec Bank has entered into a binding agreement to acquire 100% of Walletdoc Holdings Proprietary Limited, subject to regulatory approvals. The move forms part of Capitec’s strategy to enhance its digital payments ecosystem for both Business and Personal Banking clients. Founded in 2015, Walletdoc is a South African fintech providing scalable payment gateway solutions for…
