🔍 Google Faces New Rival as OpenAI’s SearchGPT Debuts

Today’s Menu ☕️

🔍 Google Faces New Rival as OpenAI’s SearchGPT Debuts
⚕️Nigerian AI Startup, Intron Health, Raises $1.6 Million to Boost AI Transcription for Healthcare
🎟️ Ticketmaster Acquires Cape Town-based Quicket, Solidifying Presence in Africa’s Growing Ticketing Market
🏢 Africa Data Centres invests $500 million to double its Cape Town data centre
🤖 Awarri engages 500 3MTT fellows to build Nigeria’s Multilingual AI model

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🔍 ARTIFICIAL INTELLIGENCE

Google Faces New Rival as OpenAI’s SearchGPT Debuts

OpenAI announced on Thursday the introduction of SearchGPT, an innovative AI-powered search engine with real-time access to information from the internet. This move positions the Microsoft-backed startup directly against established players like Google, the dominant search engine, as well as newer AI-driven services like Perplexity.

SearchGPT is designed to provide timely and accurate answers to user queries by drawing from web sources. The user interface of SearchGPT is reminiscent of OpenAI’s ChatGPT, where users type in a query and receive summarized search results with source links. Users can also ask follow-up questions and explore related searches in a sidebar. Notably, some searches take into account the user’s location to enhance result accuracy, such as showing nearby restaurants or local weather forecasts. Users can manage this location sharing through settings.

SearchGPT is currently in the prototype stage and is being tested with a select group of users and publishers. OpenAI has opened sign-ups for this new tool and plans to integrate the best features of SearchGPT into ChatGPT in the future, although no specific timeline has been provided......…....continue reading

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⚕️HEALTHCARE

Nigerian AI Startup, Intron Health, Raises $1.6 Million to Boost AI Transcription for Healthcare

Intron Health, a F specialising in speech-to-text transcription tools for healthcare workers, has successfully raised $1.6 million in a pre-seed funding round. The investment will enable the company to expand its workforce, intensify its research activities, and enhance its cloud-native and on-premises capabilities.

The funding round for Intron Health reflects a broader trend in the healthcare and AI sectors, which continue to attract significant investment. In the first quarter of 2024 alone, global venture funding for healthcare and biotech companies reached $15.7 billion, representing 24% of all global funding in that period. AI companies also drew substantial interest, securing $11.4 billion, or around 17% of global funding during the same timeframe....…....continue reading

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🎟️ ACQUISITIONS

Ticketmaster Acquires Cape Town-based Quicket, Solidifying Presence in Africa’s Growing Ticketing Market

Ticketmaster, a subsidiary of Live Nation Entertainment, has announced the acquisition of Quicket, a major ticketing platform based in South Africa. This strategic move marks a significant step in Ticketmaster’s expansion into the African market. Quicket, known for its strong presence in South Africa and other African countries, will now operate under the Ticketmaster brand, enhancing the company’s ability to provide advanced ticketing solutions across the continent.

Quicket, founded in 2011, has grown to become one of Africa’s leading ticketing platforms, known for its user-friendly interface and robust technology. The platform has been instrumental in ticket sales for a wide array of events, including music concerts, festivals, theater productions, and sports events. By integrating Quicket’s technology and market insights, Ticketmaster aims to enhance its service offerings and provide a seamless ticketing experience to a broader audience…....continue reading

🏢 INFRASTRUCTURE

Africa Data Centres invests $500 million to double its Cape Town data centre

Africa Data Centres (ADC), a subsidiary of Cassava Technologies, has unveiled a major expansion project at its CPT1 facility in Cape Town, South Africa. Armed with a $500 million investment, the company aims to solidify its position in the burgeoning African data center market, projected to reach US$5 billion by 2026, according to reports.

The expansion will see the addition of three new state-of-the-art data halls within the CPT1 campus, effectively doubling the facility’s current capacity. This move is expected to increase the facility’s IT load by 6MW, significantly bolstering its capabilities to meet the escalating demand for colocation services in the region........continue reading

OTHER STORIES

• Awarri engages 500 3MTT fellows to build Nigeria’s Multilingual AI model……read more

• Plentify, a pioneering climate technology enterprise based in South Africa, has successfully concluded a funding round that was 50% more subscribed than initially anticipated…..read more

• Egypt’s Kemitt enters Saudi market with furniture eCommerce platform after latest funding round…..read more

• African Entrepreneurs Encouraged to Join UK-Led Young Innovators Programme for $9K Prize Opportunity…..read more

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