SoftBank reported over $3 billion in losses from preordering natural gas turbines intended to power AI data centers, signaling potential challenges in scaling power infrastructure for AI deployment. The loss may constrain investments in natural gas-based solutions for AI computing facilities.
Source: TechCrunch
South Africa's global business services sector created 26,346 jobs in the 2025/26 financial year despite a challenging labour market. The sector continues to expand even as automation and AI technologies reshape the industry. Source: ITWeb
AI skills demand in South Africa is expanding beyond traditional IT roles, with employers across sectors increasingly valuing practical AI knowledge in recruitment. CareerJunction reports that this trend reflects broader adoption of AI across different industries and job categories. Source: ITWeb
Norwest Venture Partners has launched a new $4 billion fund, marking the firm's largest fund to date. The fund will focus on artificial intelligence investments across various sectors and stages. Source: TechCrunch
ICASA, South Africa's telecoms regulator, is moving toward issuing new network licences after a decade of delays, though Cell C and ISPA argue the process could have started earlier. The regulator states it requires ministerial direction before issuing new licences. Source: ITWeb