Zone Raises $8.5m in Seed Funding💰| YouTube creators to indicate AI content 🤖

In today’s menu 🥘

🛜 NCC: Voice, Data Services Affected by Undersea Cable Cuts Restored by 90%
💰Zone Raises $8.5m in Seed Funding to Revolutionize African Payment Infrastructure
📲 YouTube wants creators to indicate when realistic content is made with AI
 Telegram founder and CEO Pavel Durov says that the company secured $330 million in investment through bond sales

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🛜 CONNECTIVITY

NCC: Voice, Data Services Affected by Undersea Cable Cuts Restored by 90%

The Nigerian Communications Commission (NCC) announced that Voice, Data Services Affected by Undersea Cable Cuts has been restored to approximately 90% of their peak utilization capacities.

Last week Thursday saw a disruption in internet connectivity across the African continent due to reports of damage to critical subsea cables along the western coast. The West Africa Cable System, MainOne, and ACE sea cables, essential for telecommunications data transmission, were affected, causing chaos among mobile operators and internet service providers.….continue reading

Federal Government Initiates Global Collaboration to Safeguard Undersea Cables

The Minister of Communications and Digital Economy, Bosun Tijani, has unveiled plans for a global collaboration aimed at bolstering the protection of undersea cables, crucial arteries of the digital infrastructure.

He underscored the imperative of fortifying these undersea cables, especially in light of recent incidents affecting countries such as Ghana, Togo, and Senegal.

Highlighting the indispensable role of these cables in the digital economy, Minister Tijani stressed the urgency of reassessing international regulations and forging partnerships with regional and global entities to expedite efforts in safeguarding this vital infrastructure……continue reading

🏦 FINTECH

Zone Raises $8.5m in Seed Funding to Revolutionize African Payment Infrastructure

Zone, Africa’s leading payment infrastructure company, has successfully secured $8.5 million in an oversubscribed seed funding round led by Flourish Ventures and TLcom Capital, marking a significant milestone in the company’s journey.

This injection of funds represents a pivotal moment for Zone as it embarks on its mission to build a Blockchain-based decentralized payment infrastructure for financial service providers across Africa and beyond. Leveraging blockchain technology, Zone aims to deliver reliable, frictionless, and universally interoperable payment experiences at scale, revolutionizing the financial landscape.

Zone’s unique position as Africa’s first regulated blockchain network for payments has already garnered significant traction, with over 15 of Africa’s largest banks and fintech companies onboarded onto its blockchain network.…continue reading

🆔 IDENTITY MANAGEMENT

NIMC and NCC Join Forces to Simplify NIN-SIM Linkage Procedures

The National Identity Management Commission (NIMC) and the Nigerian Communications Commission (NCC) have announced a strategic partnership aimed at streamlining processes associated with the National Identification Number (NIN)-SIM linkage.

The collaboration between NIMC and NCC is designed to optimize resources and expertise across multiple fronts to enhance the efficiency of the NIN-SIM linkage process. Central to this partnership is the commitment to harmonize regulations, facilitating a smoother experience for telecom subscribers..…..continue reading

📲 SOCIAL MEDIA

YouTube wants creators to indicate when realistic content is made with AI

In a bid to address growing concerns about altered or synthetic content, YouTube is rolling out a new tool within Creator Studio aimed at promoting transparency between creators and viewers. The tool requires creators to disclose when realistic content, which could be mistaken for real people, places, or events, is produced using altered or synthetic media, including generative AI.

Announced in November last year, these disclosures will be visible as labels in the expanded video description or directly on the video player itself. However, creators are not required to disclose content that is obviously unrealistic, animated, includes special effects, or has used generative AI for production assistance...…..continue reading

OTHER STORIES

• Telegram founder and CEO Pavel Durov says that the company secured $330 million in investment through bond sales last week. While he didn’t name institutions that invested in the platform, he said that global financial institutions value the company’s growth.…..read more

• Apple Inc. is in talks to build Google’s Gemini artificial intelligence engine into the iPhone, according to people familiar with the situation, setting the stage for a blockbuster agreement that would shake up the AI industry……read more