🏍️ Why Gokada Filed for Bankruptcy Protection

Today’s Menu ☕️

🏍️ How Gokada Went from Bike-Hailing Pioneer to Filing for Bankruptcy Protection
🤖 Amazon, Microsoft, and Meta Push Back on Biden’s AI Chip Export Restrictions
🚙 Could BYD’s Yangwang U9 Be the Ultimate Solution to Nigerian Potholes?
🤖 AI tools and strategies to help with your New year resolutions

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🏍️ RIDE-HAILING

How Gokada Went from Bike-Hailing Pioneer to Filing for Bankruptcy Protection

Once a trailblazer in Nigeria’s last-mile delivery space, Gokada has found itself at a critical crossroads. On October 18, 2024, the company filed for Chapter 11 bankruptcy protection in Delaware, marking a significant turn in its turbulent journey. Chapter 11 provides companies like Gokada an opportunity to restructure debts without liquidating assets, offering a glimmer of hope for financial recovery. Yet, the filing underscores the challenges the company has faced in its attempt to stay afloat in an increasingly difficult market.

Founded in 2018 by Fahim Saleh and Deji Oduntan, Gokada initially revolutionized transportation in Lagos with its bike-hailing service, helping commuters navigate the city’s infamous traffic. By 2019, the company had raised $5.3 million in a Series A round and completed over 1 million trips. However, this period of growth was short-lived. A Lagos State ban on bike-hailing in early 2020, affecting 15 of the city’s 20 local government areas, forced Gokada to pivot toward logistics and food delivery services. The shift led to layoffs of 70% of its workforce and the development of Gsend and GShop, its logistics and food delivery platforms...….…continue reading

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🤖 ARTIFICIAL INTELLIGENCE

Amazon, Microsoft, and Meta Push Back on Biden’s AI Chip Export Restrictions

The tech world is abuzz with controversy as leading U.S. technology companies, including Amazon, Microsoft, and Meta, push back against the Biden administration’s proposed regulation on global AI chip exports. The rule, expected to be released imminently, is part of a larger effort by the U.S. government to limit the use of advanced AI technologies by adversaries, particularly China. While national security remains the central rationale, industry giants warn that such sweeping restrictions could inadvertently jeopardize U.S. dominance in the global AI space.

Under the banner of the Information Technology Industry Council (ITI), the companies argue that the regulation, rushed through in the final days of President Biden’s term, could cede significant ground to international competitors.…..continue reading

🚙 AUTOS

Could BYD’s Yangwang U9 Be the Ultimate Solution to Nigerian Potholes?

If there’s one thing Nigerian drivers know too well, it’s the daily battle with potholes—those tire-eating, suspension-busting traps scattered across our roads. But what if a car could not only survive but literally leap over these obstacles? Enter the BYD Yangwang U9, a Chinese electric supercar with a unique trick up its sleeve: it jumps over potholes. Yes, you read that right—this car doesn’t just dodge potholes; it flies over them. Could this be the hero Nigeria’s roads need?

In a recently released video, the Yangwang U9 showcased its extraordinary Disus X suspension system, which enables the car to jump over obstacles like a 2.5-meter-long pothole filled with water. At 120 km/h, the U9 approached the gaping hole, and instead of slowing down or risking damage, it leaped over it, clearing over six meters…..continue reading

OTHER STORIES

• OpenAI chief Sam Altman denies sexually abusing sister, after she sues him…..read more

• Samsung is set to hold its latest Galaxy Unpacked event later this month, offering the Samsung community an exclusive first look at the anticipated Galaxy S25, Galaxy S25+, and Galaxy S25 Ultra……read more

• In the quest for sustainable energy solutions, green hydrogen is emerging as a transformative force. See how Green Hydrogen Is Shaping the Future of Clean Energy……read more

• While resolutions often start strong, maintaining them can be challenging. This is where Artificial Intelligence (AI) comes in, offering tools and strategies to help individuals achieve their ambitions…….read more

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