Liquid Intelligent Technologies Secures R900 Million (S49 million)💰

INVESTMENTS💰

Liquid Intelligent Technologies Secures R900 Million ($49 million) for Broadband Expansion in South Africa

Liquid Intelligent Technologies, part of the pan-African technology group Cassava Technologies, is set to boost its South African operations with a substantial R900 million investment. This funding, contributed equally by the International Finance Corporation (IFC) and Rand Merchant Bank (RMB), will propel the Eastern Cape Fibre Project aimed at enhancing broadband connectivity across the region……read more

CSquared raises US$25 million to invest in neutral broadband networks in Africa

CSquared, a pan-African technology company, making commercially driven investments into broadband-enabling infrastructure throughout Africa, has announced an equity investment from new and existing shareholders to finance its growth objectives. The company has raised $25 million (R467 million) in new equity from CPDIF, the International Finance Corporation (IFC) and the International Development Association’s Private Sector Window Blended Finance Facility. The firm wants to use the investment to accelerate the expansion of its carrier-neutral, open-access broadband infrastructure. CPDIF has simultaneously acquired the stake in CSquared held by Google…..read more

SA insurtech start-up Pineapple secures R400 million (US$22 million) funding in series B round

Johannesburg-based car insurance start-up Pineapple has announced the conclusion of a R400 million funding round. According to the company, this transaction sets a new record as the largest insurtech fundraised on the continent. The investment round was led by new investors Futuregrowth, Talent10 and MIC while the business received additional investment support from existing investors, including Old Mutual ESD, Lireas Holdings, ASISA ESD Fund and E4E Africa……read more

Sign Up for our Newsletter and Stand a chance to win $50 Gift Voucher! 

Offer lasts till 30 November 2023

ARTIFICAL INTELLIGENCE 🤖

OpenAI temporarily halts ChatGPT Plus registrations to address capacity surge 🤖

OpenAI has halted new registrations for the premium version of ChatGPT, ChatGPT Plus, citing capacity constraints. CEO Sam Altman made the announcement, attributing the pause to increased usage after the recent devday event where new APIs were unveiled. Altman emphasised the decision is to ensure a quality user experience and suggested interested users can still register for notifications when sign-ups reopen within the app.

The surge in ChatGPT Plus usage and subsequent decision to halt signups signifies the remarkable success of OpenAI’s premium offering. While facing capacity challenges, this move reflects the platform’s adaptability and popularity, presenting both a testament to its achievements and a call to address the demands of its growing user base...…read more

YouTube is cracking down on the misuse of AI by removing content that imitates well-known figures

YouTube has revealed its plan to begin the removal of AI-generated video content imitating well-known individuals starting in 2024. This decision, outlined in a Tuesday policy update, aims to protect musicians whose songs are recreated with AI. The removal process won’t be automatic; affected individuals or artists will need to request it. This policy adjustment, influenced by feedback from YouTube’s community, responds to concerns about the impact of emerging technologies on creators, viewers, and artists……read more

Samsung to integrate AI software into its Galaxy smartphones from early next year

Samsung Electronics has disclosed plans to integrate advanced artificial intelligence (AI) software into its Galaxy smartphones starting early next year. This includes the incorporation of a tool within the Galaxy AI suite that facilitates real-time translation of call conversations in various languages…..read more

Advertisement

Click here to shop with Pack’N’Pay

PRODUCTS

Microsoft rebrands Bing Chat to Copilot, to better compete with ChatGPT

Microsoft launched its big AI push earlier this year as part of its Bing search engine, integrating a ChatGPT-like interface directly into its search results. Now less than a year later, it’s dropping the Bing Chat branding and moving to Copilot, the new name for the chat interface you might have used in Bing, Microsoft Edge, and Windows 11…..read more

WhatsApp chats backed up to Google Drive will soon take up storage space

In 2018, WhatsApp and Google announced that you could save your WhatsApp chat history to Drive without it counting towards your storage quota. But starting in December 2023, backing up the messaging app to Drive will count towards your Google account cloud storage space if you’re WhatsApp beta user…..read more

Paycorp launches App for Cryptocurrency Cash Withdrawals at Nationwide ATMs

Fintech company Paycorp has introduced a novel app, CryptoExpress, enabling users in South Africa to convert their cryptocurrency into cash at approximately 3,000 ATMs nationwide. This Android and iOS-compatible app seamlessly integrates with various crypto wallets, allowing withdrawals at Cash Express ATMs operated by Paycorp’s subsidiary, ATM Solutions…..read more