Pinecone’s vector database gets a new serverless architecture
For a long time, vector databases were a bit of a niche product, but since they are uniquely suited to provide context and long-term memory to large language models, everybody in the database space is now seemingly trying to bolt vector search onto their existing products as fast as possible.
Read moreParatus South Africa and Eutelsat OneWeb Launch Connectivity Services
Paratus South Africa, and low earth orbit satellite (LEO) operator, Eutelsat OneWeb, (part of Eutelsat Group), have launched revolutionary new connectivity services in South Africa. This is significant for Paratus South Africa because they already provide Geostationary (GEO) satellite services through their long-standing partnership with Eutelsat Group, and this new
Read moreIFC Joins Forces with Togocom for Digital Transformation Boost
IFC partnered with Togocom, a Togolese mobile operator and AXIAN Telecom subsidiary, to enhance access to quality mobile connectivity in Togo. The €55 million loan, structured in partnership with Société Générale Benin and Ecobank Togo, will aid Togocom in modernizing infrastructure, expanding its 4G network, and improving data traffic quality.
Read moreAfrican neobank Kuda raised $20M at flat valuation in 2023, missed user milestone projection by 3M
Earlier this month, Kuda co-founder and CEO Babs Ogundeyi told users that the Nigerian online challenger bank had reached almost N₦56 trillion (~$60 billion) in transaction value since its 2019 launch. Ogundeyi also said that Kuda had achieved a notable milestone, with 7 million retail and business customers as of
Read moreSpark Accelerator Program Launched to Boost Tech Startup’s in Africa
Leading Fortune 500 global trading and business company’s – Sumitomo Corporation, launched their Spark Accelerator program together with Safaricom’s M-PESA Africa calling on tech startup’s to help them accelerate early-stage start-up’s to grow and scale their businesses. The 3 month accelerator program on https://www.safaricom.co.ke/sparkaccelerator that is now open for applications
Read moreGoodnotes acquires a AI-powered video summary startup as it looks beyond education
London-based notetaking startup Goodnotes said today it is acquiring South Korean startup Dropthebit, which operates a meeting and video summary tool called Traw. With the acquisition, Goodnotes is looking to move beyond classrooms and explore making productivity tools for professionals. As part of the deal, all three co-founders of Dropthebit
Read more5 Questions to Ask Before Choosing a Bank Account
Choosing the right bank account is crucial, and there are so many elements to take into consideration when making a choice. There is no one-size-fits all. With the rise of digital banking and its projected growth, determining which bank account will meet your specific needs is even more important –
Read moreHashtag Trending Jan.16-Apple to split its app store in two for EU; 60 per cent of jobs to be impacted by AI in developed economies; AI can be trained to deceive
Apple will split its app store in two for the EU. Wells Fargo leaps ahead in conversational AI. The International Monetary Fund is projecting huge losses in jobs to AI. Researchers discover that AI models can be trained to deceive you. All this and more on the “oh what
Read moreCBN Appoints New Executives In Response to Alleged Infractions
The Central Bank of Nigeria, announced in a statement on January 10, 2024, its appointment of new executives for Union Bank, Keystone Bank, and Polaris Bank following the dissolution of the banks on the same day. The newly appointed executives, who will be responsible for overseeing all the affairs of
Read moreSaaS-based solutions can address African businesses’ data management and storage challenges head on
African countries such as Kenya, Nigeria and Ghana face a number of key Information Technology (IT) and business challenges, including exploding cost of managing data, a dearth of skills and increasing growth of cyber-attacks on organisations. Data storage, management and protection play a central role in this as data volumes
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