🔐 Nigerian Banks, MMOs, PSPs to collect 0.5% Cybersecurity Levy | 🔍 OpenAI may launch Search

Today’s Menu ☕️

🔐 Nigerian Banks, MMOs, PSPs set to Collect New Cybersecurity Levy
🔍 Microsoft-backed OpenAI may launch search, taking on Google's 'biggest product'
📺 YouTube launches new AI 'Jump Ahead' feature
📱Jack Dorsey steps down from Bluesky board

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🔐 CYBERSECURITY

Nigerian Banks, MMOs, PSPs set to Collect New Cybersecurity Levy

Nigeria’s Central Bank, the CBN, has mandated all banks and Payment Service Providers (PSPs) to begin collecting and remitting a new cybersecurity levy. This move comes amidst growing concerns about cyber threats targeting the country’s burgeoning digital economy.

The levy, set at 0.5% of the value of all electronic transactions, will be directed towards a National Cybersecurity Fund administered by the Office of the National Security Adviser (NSA).

Banks and PSPs are expected to begin collecting the levy within two weeks of the circular’s issuance. Furthermore, the apex banks cautioned that the penalty for non-compliance entails a fine equivalent to no less than 2% of the turnover of the non-compliant business and other entities.

The levy will be reflected as a separate charge named “Cybersecurity Levy” on customer transaction statements..……continue reading

📺 MEDIA

YouTube launches new AI 'Jump Ahead' feature.

YouTube is officially launching its AI-powered "Jump Ahead" feature for Premium users.

Back in March, YouTube began testing a way for users to skip ahead to the most interesting parts of a video, determined by user watching data and AI predictions. Now, the experiment is out of beta. It's rolling out to YouTube Premium users — but only on Android for now.

For viewers who are just trying to get to the good stuff, this could be a useful way to skip the filler content in bloated videos. It might also be a powerful incentive to sign up for YouTube Premium, which the streaming giant has been pushing hard for in other ways, like potentially adding pause screen ads and cracking down on ad-blockers for free accounts..……continue reading

🔍 INTERNET

Microsoft-backed OpenAI may launch search, taking on Google's 'biggest product'

There are rumours circulating that OpenAI will make a significant announcement on May 9, potentially introducing a new search engine that might rival Google. This rumored engine is speculated to leverage Microsoft Bing's infrastructure, in line with OpenAI CEO Sam Altman's ambition to transform information discovery beyond Google's existing model. If these speculations hold true, it could have a profound impact on the search engine market and reshape how people access information on the internet.........….continue reading

📱SOCIAL MEDIA

Jack Dorsey steps down from Bluesky board

Jack Dorsey, the notable supporter of Bluesky, has stepped down from its board. This past Saturday, Jack Dorsey made a post on platform X, discussing the allocation of funds for open protocols through his charitable endeavor, Start Small. This post led to a query from a user inquiring whether Dorsey maintained his position on the board of Bluesky.

Dorsey succinctly replied with a single word: “no.” Despite subsequent attempts by other users to elicit more information regarding his decision to leave the board, Dorsey did not provide any further explanations or details about his departure......….continue reading

OPPORTUNITIES

• Google launches application process for African AI Start-ups Accelerator….read more

• Pitch2Win competition opens for Nigerian startups with $10,000 prize up for grabs….read more

• Call for Applications: 4th Cohort of AUDA-NEPAD’s Healthcare Accelerator Program…..read more