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CATEGORY

Artificial Intelligence (A.I.)

Micron Surges After AI-fueled Forecast Shatters Estimates

Micron Technology Inc., the largest U.S. maker of computer memory chips, surged in premarket trading after its quarterly sales forecast crushed Wall Street estimates,...

SpaceX Raises $75 Billion in Biggest IPO of All as Musk nears Trillionaire Status

SpaceX made history with the biggest-ever IPO, sending it into the top ranks of the largest public companies and putting founder Elon Musk on...

SpaceX IPO More Than Four Times Oversubscribed

SpaceX’s initial public offering (IPO) has attracted demand for more than four times the available shares, according to reports, ahead of the Elon Musk-led...

Nigeria Offers Big Tech AI Compute Power Via 200 Trillion CF Gas Reserves

The global artificial intelligence (AI) race has officially evolved into a high-density energy play, creating an unexpected structural alliance in Nigeria, West Africa. As hyperscale...

Anthropic Raises at $965 Billion Valuation, Vaulting Past OpenAI

Anthropic PBC raised $65 billion in a funding round that valued the artificial intelligence company at $965 billion including the new investment, eclipsing rival...

OpenAI Finalizes $110 Billion Funding at $730 Billion Valuation

OpenAI has raised $110 billion in a deal that values the startup at $730 billion, representing the ChatGPT maker’s largest funding round to date and...

MTN Nigeria AI-Powered Dabengwa Data Centre Onboards First Customers

MTN Nigeria Communications Plc has officially commenced the monetization of its flagship Dabengwa Data Centre. The facility, named after the legendary telecoms pioneer Cyril Dabengwa,...

Nvidia Announces Record $68 Billion in Sales in Fourth Quarter as Profit up 94%

Nvidia reported a 94% increase in profit and record sales for the fourth quarter, helping ease concerns over a possible artificial-intelligence bubble that rippled...

Nigeria Banks Brace for $500m Annual Hit as AI Phishing Surges Amid Instant Transfer Trap

Artificial Intelligence (AI), driven attacks on the Nigerian financial sector surged 150% last year, according to Lanre Ogungbe, chief executive officer of Prembly, a...

SpaceX, xAI Merge, Forming $1.25 Trillion Company

Elon Musk said SpaceX acquired xAI, a deal that combines his powerful rocket-and-satellite business with his artificial-intelligence startup that is facing steep competition. SpaceX confirmed...

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