AI in Business
OpenAI hires new CRO as executive shake-up continues
OpenAI has hired Dali Rajic as its new Chief Revenue Officer. The appointment represents the latest in a series of executive changes at the company. Source: TechCrunch
AI in Business
AI in Business
Nvidia’s new $500B plan is risky but brilliant, especially for aging GPUs
Nvidia is pursuing a financial strategy to maintain GPU value by engaging new financiers to continue funding AI infrastructure buildouts. The plan aims to support continued lending for AI projects to prevent depreciation of existing GPU hardware. Source: TechCrunch
AI in Business
Apple in talks to pay publishers to provide Siri with current news: report
Apple is in discussions with news publishers to license current news content for its Siri voice assistant, with reported budget considerations in the hundreds of millions of dollars. The initiative aims to enhance Siri's ability to provide timely news information to users. Source: TechCrunch
AI in Business
MTN uses AI to connect African youth to jobs
MTN has launched an AI-powered job board platform designed to match African youth with employment opportunities by linking their skills, training, and career goals to job openings. The initiative aims to address youth unemployment across the continent by leveraging artificial intelligence for more effective job placement. Source: ITWeb
AI in Business
Autonomous finance: Buzzword or breakthrough?
Autonomous finance systems automate transaction matching, reconciliation, anomaly detection, fraud monitoring, and cashflow management through AI-driven processes. The technology aims to reduce manual financial operations and improve efficiency in enterprise finance functions. Source: ITWeb
AI in Business
SA’s DigiCargo tackles port inefficiencies with AI
DigiCargo, a South African start-up, is expanding its AI-powered port digitisation platform across Africa to address inefficiencies in vehicle freight operations by replacing paper-based processes. The platform targets port logistics and freight handling, which are traditionally manual and document-heavy operations. Source: ITWeb
AI in Business
How kids feel about AI, in their own words
A qualitative study featuring interviews with young people aged 10-18 reveals nuanced attitudes toward AI, with 57% of US teens using chatbots for information and 54% for schoolwork according to Pew Research data. Youth demonstrate selective adoption patterns, with concerns spanning academic integrity, environmental impact, job displacement, and creativity
AI in Business
Amazon will train on Twitch streamers’ content by default, unless they opt out
Amazon plans to use Twitch streamers' content to train AI models by default, with an opt-out option available. Twitch's Chief Product Officer acknowledged that an opt-in model would result in minimal participation. Source: TechCrunch
AI in Business
AI coding startup Cognition reportedly already in talks to raise at $40B valuation
AI coding startup Cognition is reportedly in discussions to raise funding at a $40 billion valuation, less than a year after its previous $1 billion funding round at a $26 billion valuation. The reported increase in valuation reflects investor confidence in the AI coding assistant market. Source: TechCrunch
AI in Business
OpenAI-backed Thrive Holdings raises $2B to bring AI to the enterprise
Thrive Holdings, an OpenAI-backed company, raised $2 billion in funding at a $12 billion valuation from investors including SoftBank, D1 Capital Partners, and Altimeter Capital. The funding is intended to advance the company's enterprise AI offerings. Source: TechCrunch
AI in Business
Old Mutual’s tech hub builds talent pipeline from KZN
Old Mutual is expanding its Durban Capability Hub to develop technology talent and deepen strategic partnerships in KwaZulu-Natal. The initiative aims to build a deeper talent pipeline for the insurer's technology operations. Source: ITWeb
AI in Business
nCino sheds light on what’s fuelling financial crime in SA
nCino hosted a conference on financial crime in South Africa where delegates discussed corruption, fraud, human trafficking and state capture. The event highlighted the various factors contributing to financial crime in the country. Source: ITWeb