OpenAI Data Partnerships for AI Training🤖 | CloudFret €2 million raise💰

OpenAI Data Partnerships for AI Training🤖 | CloudFret €2 million raise💰

ARTIFICIAL INTELLIGENCE 🤖

 OpenAI Announces New Data Partnerships to Enhance AI Training

Fresh from its first-ever DevDay conference in San Francisco where it unveiled a game-changing advancement with its new customized ChatGPT bots, OpenAI is taking a significant step forward in its mission to develop Artificial General Intelligence (AGI) that is both safe and beneficial for humanity. The organization has introduced the OpenAI Data Partnerships initiative, aiming to collaborate with a variety of organizations to create extensive public and private datasets for training AI models.

Through these partnerships, OpenAI is not only broadening the horizons of AI capabilities but also offering organizations the opportunity to make AI models more attuned and helpful to their specific domains……Continue reading

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BUSINESS 📉

Flutterwave Cleared by Kenyan Court as Asset Recovery Agency Withdraws Case

In a significant turn of events for the African fintech sector, Flutterwave has been cleared of legal hurdles in Kenya. The High Court granted permission for the country’s Asset Recovery Agency (ARA) to withdraw its remaining case against the prominent payments company. This withdrawal marks a substantial victory for Flutterwave, which is currently seeking to solidify its presence in Kenya through the acquisition of a payments service provider and remittances license from the Central Bank of Kenya—a process that was hampered last year when the company was flagged for operating without a license….Continue reading

Bolt Food to stop operations in Nigeria

As from December 7, 2023, Nigerians will no longer be able to place food orders on the Bolt app as Bolt, the all-in-one mobility app, has decided to exit its food delivery service. According to the company, the decision to shut down the service is in a bid to streamline its resources and maximise its overall efficiency..….Continue reading

Google is pulling Fitbit from South Africa

Google is pulling Fitbit out of South Africa in line with its decision not to sell consumer hardware products in the country. Its decision comes less than three years after Google completed its acquisition of the fitness tracker company. Fitbit wearables have been sold in South Africa since 2014……Continue reading

INVESTMENTS 💰

Moroccan CloudFret Secures €2 Million in Funding to Revolutionize Transport Logistics

CloudFret, a Moroccan transport and logistics startup, has successfully closed a €2 million ($2.1 million) funding round, with investments pouring in from AfriMobility and Azur Innovation Fund.Founded in 2021 by Driss Jabar, the Morocco-based company is set to rapidly expand its operations, including a strategic extension to Marseille. In line with its growth trajectory, CloudFret aims to double its workforce by the end of 2024……Continue reading

• N59 million up for grabs in Zecathlon 3.0. Zenith Bank has announced the commencement of Zecathon 3.0 startup pitch competition. For this year’s edition, startups stand to win from a prize pool of N59 million and business support through training, mentorship, and investor networking opportunities, further enabling startups to achieve their growth trajectories. Application Deadline - 13 November…..Continue reading

• NVIDIA may soon announce new AI chips for China to get around US export restrictions. China is huge market, and NVIDIA really, really doesn’t want to lose access to China’s massive AI chip market, so the company is developing three new AI chips especially for China that don’t run afoul of the latest export restrictions in the US. Last year, the US government notified the chipmaker that it would restrict the export of computer chips meant for supercomputers and artificial intelligence applications to Russia and China due to concerns that the components could be used for military purposes…..Continue reading