On November 1, Nigeria, along with 28 other nations, signed the historic Bletchley Declaration, marking a pivotal moment in global efforts to shape the responsible development and deployment of Artificial Intelligence (AI). This landmark agreement, reflects a shared vision among nations, acknowledging both the immense opportunities and the significant risks that AI presents to humanity....
Nigeria has established an Artificial Intelligence (AI) Research Scheme to provide financial assistance to businesses and researchers focusing on AI. This initiative will award funds to 45 qualified start-ups and researchers to help their projects progress. The initiative was announced by Bosun Tijani, the minister of communications, innovation, and digital economy, when he opened it...
Contract Understanding, a South African start-up, has announced ambitions to expand across the rest of the continent following the launch of an artificial intelligence (AI)-powered Software-as-a-Service solution to assist businesses handle post-signature contracts. The solution is intended to assist organisations in storing, organising, and managing post-signature contracts. It collects crucial data from contracts in order...
Bill Gates, co-chair, Bill & Melinda Gates Foundation, has announced that the foundation will invest $30 million in a new artificial intelligence platform in Africa. Gates made the announcement, yesterday, at the Grand Challenges annual meeting, hosted by the Bill & Melinda Gates Foundation and its partners, in Senegal. Attending the meeting were more than...
Virtual kidnappings are becoming more commonplace globally, warned Trend Micro, this week. A virtual kidnapping is when bad actors produce a deep fake voice simulation of a child victim and use it to convince the parents or guardians that the child has been taken and then extort a ransom for their return. The company says...
“With the fourth industrial revolution (4IR) gaining momentum, companies must prepare themselves to do things differently,” says Richard Firth, CEO of MIP Holdings.
