Barclays expects over R24 billion in savings by 2027 through job cuts, characterising AI as an efficiency tool. McKinsey reports that AI-driven job losses globally have underperformed earlier predictions.
Source: ITWeb
South African organisations are being urged to develop data and security-focused strategies as artificial intelligence adoption accelerates, with industry experts warning that the lack of innovation roadmaps poses a significant challenge to workplace transformation. Proactive organisational strategies are needed to address the rapid advancement of agentic AI systems in
Dropbox acquired Tigris Data for $350 million to strengthen its AI infrastructure capabilities. The acquisition will support the development of DBX Agent Cloud, a storage platform designed for developers building AI models and agents. Source: TechCrunch
Lesaka Technologies, listed on Nasdaq and JSE, is incorporating its planned acquisition of Bank Zero into its full-year financial forecasts. The technology group is proceeding with the Bank Zero deal as a key strategic initiative. Source: ITWeb
Aina has developed a smart ring featuring a small screen, joystick, and microphone for interacting with AI agents. The device also supports call functionality and voice dictation for Mac computers. Source: TechCrunch