Elon Musk threatens to ban Apple devices if....

Today’s Menu ☕️

🏦 Access Bank acquires majority stake in African Banking Corporation of Tanzania
🪙 Binance reaches 200M users with $100B in assets under custody
💰 Cairo-based startup Sahl secures $6 million in Series A and seed funding rounds
 📱 WWDC 2024 Recap: Apple unveils iOS 18, introduces Apple Intelligence AI, and additional innovations
📲 Elon Musk threatens to ban Apple devices if it integrates OS with OpenAI

🏦 BANKING

Access Bank acquires majority stake in African Banking Corporation of Tanzania

In a strategic move to increase its footprint in Tanzania, Access Bank Plc. has successfully acquired a majority equity stake in African Banking Corporation of Tanzania (ABCT) Limited, previously owned by Atlas Mara Limited.

With the completion of this transaction, ABCT will merge with the consumer, private, and business banking operations of Standard Chartered Bank Tanzania, which Access Bank acquired earlier. This merger will establish Access Bank Tanzania as a significant player in the Tanzanian banking landscape...........continue reading

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🪙 CRYPTOCURRENCY

Binance reaches 200M users with $100B in assets under custody

Binance, the largest cryptocurrency exchange in the world by daily volume, announced on June 8 it had reached 200 million global users. 

No other exchange can boast nearly as many users. However, these figures are self-reported.

In true celebratory fashion, Binance marked the occasion across its social media platforms by framing the 200 million user mark as a milestone on the company’s quest to onboard a billion, or one in every eight people on Earth...........continue reading

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💰 FUNDING

Cairo-based startup Sahl secures $6 million in Series A and seed funding rounds

Cairo-based startup Sahl announced that it has secured $6 million in Series A and seed funding to advance its mission of becoming a one-stop shop for household bills in collaboration with government entities. The funding round was led by Ayady for Investment and Development, a prominent Egyptian investment firm known for backing innovative startups. Existing investors, including Egypt Pay, Delta Electronic Systems, and E-Finance, also participated in this funding round.

With this substantial infusion of capital, Sahl is poised to transform into a comprehensive financial services provider. The funds will be utilized to enhance existing offerings and develop new services, all designed to deliver a seamless, time-efficient, and secure user experience........continue reading

📱DEVICES

WWDC 2024 Recap: Apple unveils iOS 18, introduces Apple Intelligence AI, and additional innovations

Apple unveiled a couple of exciting updates on Monday at the keynote of Apple’s Worldwide Developers Conference, all of which are slated for release in the upcoming major software rollouts scheduled for the autumn of this year. The forthcoming iterations of Apple’s operating systems, namely iOS 18, macOS Sequoia, and watchOS 11, are set to introduce a host of significant enhancements.

One of the headline features is the integration of Rich Communication Services (RCS), which promises to elevate the messaging experience for users. Additionally, Apple announced the debut of a brand-new Passwords application, designed to streamline password management across devices.

The iPhone and iPad are also receiving a redesigned Calculator application, which has been reimagined to offer a more intuitive and user-friendly interface. Moreover, Apple’s suite of software will be enriched with a variety of artificial intelligence (AI) capabilities, courtesy of the newly introduced “Apple Intelligence” framework. This system is expected to permeate v aspects of the Apple ecosystem, bringing smarter, more personalized experiences to users.……....continue reading

🤖 ARTIFICIAL INTELLIGENCE

Elon Musk threatens to ban Apple devices if it integrates OS with OpenAI

On Monday, Apple announced a couple of new features across its apps and operating platforms and a partnership with OpenAI to bring the ChatGPT technology to its devices. And it seems Elon Musk is not happy about it.

According to him on a social media post, "That is an unacceptable security violation, and visitors will have to check their Apple devices at the door, where they will be stored in a Faraday cage."

Apple said it had built AI with privacy "at the core" and it would use a combination of on-device processing and cloud computing to power those features……read more

 OTHER STORIES

• 15 Nigerian startups emerge as finalists in the $10,000 Pitch2Win competition. The second edition of the Pitch2Win competition has identified fifteen Nigerian startups as finalists, with the event offering a substantial prize of up to $10,000 and an opportunity for the winner to travel to Japan……read more

• SA’s Paymenow teams up with Thiqa Digital Finance to offer early wage access to Ugandan government workers. South African fintech startup Paymenow has forged a strategic alliance with Thiqa Digital Finance, a prominent Islamic finance platform in Uganda, to offer Ugandan government employees a secure and interest-free option to access their earned wages ahead of schedule through a mobile application.…..read more

• MultiChoice approves Canal+ acquisition with a significant hurdle remaining. The independent board of MultiChoice has advised its shareholders to agree to a buyout proposal from Canal+. This recommendation was detailed in a comprehensive statement, where the board declared the offer of 125 South African Rand per share to be equitable and sensible….. read more

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