BlackRock and Microsoft plan to launch a more than $30 billion fund to invest in artificial intelligence infrastructure to build data centers and energy projects, the companies said on Tuesday. AI models, especially those used for deep learning and large-scale data processing, require substantial computational power, leading to higher energy consumption. The computing requirements for AI have...
Month: <span>September 2024</span>
Post
Post
Formula 1 welcomes Santander as Official Retail Banking Partner
Formula 1 announced that Santander, Spanish bank will become its Official Retail Banking Partner in a multi-year deal starting in 2025. The announcement comes after the lender ended its 3 year partnership with F1 team Ferrari. According to both parties, the partnership will reflect the shared commitment to innovation between the two companies and a...
Post
ChatGPT maker says its new AI model can reason and think ‘much like a person’
OpenAI has unveiled a new artificial intelligence model that it says can “reason” and solve harder problems in science, coding and math than its predecessors. The model, the first in a series called OpenAI o1, was released Thursday as a preview, with the firm saying it expects regular updates and improvements. It will gradually become available...
Post
São Tomé and Príncipe Government and Afrexibank to host Investment Forum aimed at promote trade
With an eye on promoting trade, investment and financing opportunities in São Tomé and Príncipe, African Export-Import Bank (Afreximbank), in partnership with the Government and the Promotion, Commerce and Investment Agency (APCI) of São Tomé and Príncipe are hosting the “São Tomé and Príncipe Investment Forum.” The forum is expected to attract about 150 participants and will...
Post
Meta gives parents control with the launch of Instagram teen accounts
Meta Platforms is rolling out enhanced privacy and parental controls for Instagram accounts of users under 18 in a significant overhaul aimed at addressing growing concerns around the negative effects of social media. Meta will port all designated Instagram accounts automatically to “Teen Accounts”, which will be private accounts by default, the company said on Tuesday....
Post
Esports and Nutrition: How to Maintain a Healthy Diet for Optimal Performance
Think all athletes run or swim? Think again! In esports, athletes battle it out from the comfort of a chair! But don’t be fooled—esports demands serious stamina, razor-sharp reflexes, and unmatched focus. Hyprop MTN Shift Gaming Experience offers essential tips to help gamers optimise their nutrition for better performance and overall health. Whether you’re a...
Post
Amazon to mandate five days per week office starting next year
Amazon.com will require employees to return to working at company offices five days per week beginning next year, toughening a prior three-day mandate. The change is necessary to “invent, collaborate and be connected” wrote CEO Andy Jassy in a letter to employees on Monday posted to its website. He said the experience of a three-day mandate...
Post
Sasol Group appoints Muriel Dube as the new chairperson
Sasol has appointed Muriel Dube as its new chair, effective Friday, 13 September, the group announced on Monday. Dube succeeds Stephen Westwell, who stepped down in May 2024 after 12 years on the board. Westwell had taken over from Sipho Nkosi, who resigned as chair at the end of 2023. She’s familiar with the organisation, Dube...
Post
African Development Bank approves $6.6 million grant to strengthen Somalia’s financial sector
The African Development Bank Group has approved a $6.6m grant to support the Federal Government of Somalia (FGS) in strengthening state capacity to build its financial architecture in order to promote inclusive and equitable growth. The Somalia Financial Sector Development Project will focus on improving the capacity of financial institutions, including the Central Bank of...
Post
Can Payroll Help HR Prepare For The Future Workplace?
Nobody can predict the future. However, modernising payroll gives the space to contemplate a company’s unique workplace evolution. We are overwhelmed by predictions of the future workplace. Workforces will be more flexible. Employees will assert their independence. Hybrid and remote working will become the norm. The 9-to-5 grind is coming to an end—or not. There...