Flutterwave to shut down virtual card service 💳 | Sam Altman remains CEO after OpenAI probe 🤖

In today’s menu 🥘

💳 Flutterwave to close down virtual card service ‘Barter’ to focus on enterprise and remittance business sectors
🤖 OpenAI introduces new board members and welcomes back CEO Sam Altman
🪙 For the first time in history, the price of Bitcoin surpassed $70,000 on Friday, setting a new record

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💳 PAYMENT TECHNOLOGY

Flutterwave to close down virtual card service ‘Barter’ to focus on enterprise and remittance business sectors

Flutterwave, has announced plans to close down its virtual card service, Barter which was first introduced in 2017. The company is making the move to concentrate more on its core business and remittance sectors. Flutterwave notified its customers to take out their money from the app during the past four weeks.

The decision to shutter Barter resulted from a meticulous analysis of market patterns and shifting customer requirements. The emphasis is now on enterprise services and remittance for Flutterwave, which have shown to be more successful.…continue reading

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💰 FUTURE OF TECHNOLOGY

Jensen Huang: Driving Business Transformation – The Paradigm Shift to Human-Accessible Computing

At the recent World Governments Summit 2024 in UAE, H.E. Omar Sultan Al Olama, the Minister of state for Artificial Intelligence, Digital Economy and Remote Work Applications. Director General of the Prime Minister’s Office had a conversation with Jensen Huang, founder of NVIDIA.

Jensen Huang talks about the revolutionary impact of artificial intelligence on education, the shift from programming to creating technology that is more accessible for everyone and how AI will shape the future of education.

Key Takeaways

• Shift from Programming to Human-Accessible Computing: Jensen emphasizes a shift in the approach towards computing technologies. Instead of pushing everyone to learn programming, the goal now is to create computing technologies that are accessible to everyone without the need for programming skills. The vision is for the programming language itself to become more human-like.

• Miracle of Artificial Intelligence (AI): Jensen views the current era as a miracle in AI. The gap in technology accessibility has been closed, and AI has played a pivotal role in achieving this. The availability of AI has made it possible for a broader audience, including non-programmers, to engage with technology.

• Universal Technologists: The assertion is made that now, everybody in the world can be considered a technologist, thanks to the democratization of AI. This marks a significant departure from the traditional narrative that only a select few need to learn programming or technology.

• Technology Divide Closure: The technology divide, referring to the gap between those with access to and understanding of technology and those without, has been completely closed. This has profound implications for societies and industries globally.

• Reset of Technology Leadership: Jensen suggests that the leadership in technology has been reset. Those who understand domain expertise, whether in digital biology, education, manufacturing, or farming, can now leverage readily available technology to solve complex problems.

• Immediate Imperative to Activate Technology: The impact of these changes is described as great, and there is an urgent call to action. People are encouraged to recognize that the imperative to activate and take advantage of technology is immediate.

• Upskilling for All: Jensen stresses the importance of upskilling everyone. However, the tone is optimistic, suggesting that the upskilling process will be delightful and surprising. The notion is that the current computer systems can perform tasks easily when instructed correctly.

This perspective signals a significant paradigm shift in information technology. The focus is on making technology more inclusive and user-friendly, allowing a broader audience to harness its power. The impact extends to education, with an emphasis on domain expertise coupled with accessible technology. The democratization of AI is presented as a game-changer, transforming individuals into universal technologists and reshaping the landscape of technology leadership. The call for immediate action underscores the urgency and transformative potential of these changes in the field of information technology.

What do you think?

🤖 ARTIFICIAL INTELLIGENCE

OpenAI introduces new board members and welcomes back CEO Sam Altman

OpenAI has declared the constitution of its new board and the conclusion of an internal probe by U.S. based law firm WilmerHale, examining the circumstances that led to the dismissal of OpenAI CEO, Sam Altman. Additionally, Sam Altman is set to reenter the OpenAI board.

The new board members are:

• Dr. Sue Desmond-Hellmann, former CEO of the Bill and Melinda Gates Foundation, who is also on the Board of Directors at Pfizer and on the President’s Council of Advisors on Science and Technology.

• Nicole Seligman, former EVP and Global General Counsel of Sony and President of Sony Entertainment, who is also on the Board of Directors at Paramount Global, Meira GTx and Intuitive Machines, Inc.

• Fidji Simo, CEO and Chair of Instacart, who is also on the Board of Directors at Shopify.

OpenAI has welcomed three new members to its board, who will collaborate with existing board members Adam D’Angelo, Larry Summers, Bret Taylor, and senior management, including Sam Altman and Greg Brockman……continue reading

OTHER STORIES

• For the first time in history, the price of Bitcoin surpassed $70,000 on Friday, setting a new record….read more

• IFC sues Africa’s Talking over rejected acquisition offer; Internal disputes continue……read more

• The Central Bank of Kenya (CBK) has granted licenses to 19 new digital credit providers….read more