As Anthropic prepares for a landmark initial public offering, Wall Street is looking unusually far into the future to value the artificial intelligence startup. Bankers and institutional investors are calculating the company’s enterprise value based on projected 2028 revenues of $190 billion to $200 billion. By anchoring valuation models to metrics two years out, underwriters…
The potential investment in OPay followed Standard Bank Group’s disclosure that it plans to increase its investments in companies across Africa in June. Africa’s largest bank by assets, Standard Bank Group is in negotiations with Nigerian fintech company OPay ahead of the latter’s planned initial public offering (IPO) in the United States. OPay is working…
South African security provider CAP is expanding the role of CCTV beyond traditional surveillance, using artificial intelligence to turn existing camera networks into business intelligence tools. Its SmartGuard division, which provides CCTV solutions to more than 400 clients across residential estates, corporate campuses and commercial and industrial properties, currently monitors almost 5,000 cameras. The division…
The Department of Public Service and Administration wants to establish a training programme for information security officers across the public sector. National Treasury’s eTenders Portal offers a mixed bag this week, with a broad range of public sector requirements spanning software, hardware and services. It is a tender from the Department of Public Service and…
South Africa could put a satellite into orbit on a locally built rocket by 2030 – if someone finds R3-billion and the team building it grows sixfold. That is the ambition of the University of KwaZulu-Natal’s Aerospace Systems Research Institute (ASRI), which is developing the liquid-fuelled Saffire engine and the two-stage commercial launch vehicle (CLV)…
Artificial intelligence deepfakes have become a major financial crime threat. (Image source: iStock) The Financial Sector Conduct Authority (FSCA) is stepping up enforcement against artificial intelligence (AI)-powered financial scams, as deepfakes become one of SA’s fastest-growing regulatory challenges. The regulator’s newly-released Regulatory Actions Report for the 2025/26 financial year identifies online financial harm as one…
Fighters supporting the Aden-based internationally-recognised Yemeni government gather during a vigil along the Red Sea shore in Khokha, in Yemen’s western Hodeidah province on July 20, 2026, calling for a resumption of hostilities with the Huthi group currently controlling the capital Sanaa. (Photo by Khaled ZIAD / AFP via Getty Images) Khaled Ziad | Afp…
South Africa is still a cash-based economy, says Optasia. (Image source: iStock) Artificial intelligence (AI)-powered fintech company Optasia is stepping up its push into South Africa, betting that AI-driven credit scoring can unlock financial services for millions of people who remain underserved by the country’s formal banking sector. Speaking to ITWeb in an interview yesterday,…
As the energy landscape faces a profound workforce paradox, GreenPath Africa said it targeted talent infrastructure to power African Development Bank’s (AfDB) Mission 300 in the continent. According to rapport, the continent possesses 60 per cent of the world’s best renewable energy resources, yet it currently accounts for only two per cent of global jobs…
Iran’s military said on Friday it carried out drone strikes against several American military facilities and bases in Bahrain, Jordan and Kuwait in retaliation for the latest U.S. attacks, while explosions were heard near an American base in northern Iraq. “This morning, the fuel tanks, large equipment warehouses and silos and the barracks of the…
