<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



OpenAI, the artificial intelligence company that created ChatGPT, is in discussions about a potential share sale that would value it at $80 to $90 billion,&nbsp;<a href="https://www.wsj.com/tech/ai/openai-seeks-new-valuation-of-up-to-90-billion-in-sale-of-existing-shares-ed6229e0?mod=e2tw" target="_blank" rel="noreferrer noopener">according</a>&nbsp;to the&nbsp;Wall Street Journal—about three times what it was valued in&nbsp;<a href="https://www.forbes.com/sites/nicholasreimann/2023/01/05/chatgpt-creator-openai-discussing-offer-valuing-company-at-29-billion-report-says/?sh=62fa761311e0">January</a>, as the AI race heats up.



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



It’s expected that the deal will let employees sell their shares, instead of OpenAI issuing new ones, the&nbsp;Journal&nbsp;reported, citing multiple unnamed sources.



A valuation of $80 or $90 billion would make OpenAI—which is privately held—one of the highest valued startups, joining the ranks of TikTok owner ByteDance and SpaceX and surpassing companies like Shein and Canva.



OpenAI is positioned to earn more than $1 billion in revenue over the next year by selling access to a higher-quality version of ChatGPT and the technology behind it, Reuters&nbsp;<a href="https://www.reuters.com/technology/openai-track-generate-more-than-1-bln-revenue-over-12-months-information-2023-08-29/" target="_blank" rel="noreferrer noopener">reported</a>&nbsp;last month.



<h2 class="wp-block-heading" id="h-tangent">TANGENT</h2>



OpenAI is backed largely by Microsoft, which owns 49% of the company, according to the&nbsp;Journal. Microsoft&nbsp;<a href="https://www.forbes.com/sites/dereksaul/2023/01/23/chatgpt-parent-open-ai-gets-game-changing-multibillion-dollar-boost-from-microsoft/?sh=4173fcd63c0c">expanded</a>&nbsp;its investment earlier this year when it put billions more into OpenAI, and it has begun integrating the company’s AI technology into its&nbsp;<a href="https://www.nytimes.com/2023/02/08/technology/microsoft-bing-openai-artificial-intelligence.html" target="_blank" rel="noreferrer noopener">Bing search engine</a>&nbsp;in a bid to compete with Google.



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



ChatGPT—OpenAI’s chief product—launched last November and quickly became one of the most popular artificial intelligence programs. Within a week of its launch, the program attracted one million signed-up users who were able to use it for free while the product was in a “research preview” phase. People can still use ChatGPT for free, but OpenAI also offers ChatGPT+ for a $20 per month subscription fee. Beyond normal access to ChatGPT, subscribers get faster response times, are able to use the service even during peak times and get priority access to new features, according to its&nbsp;<a href="https://openai.com/blog/chatgpt-plus" target="_blank" rel="noreferrer noopener">website</a>.



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<h2 class="wp-block-heading" id="h-what-to-watch-for">WHAT TO WATCH FOR</h2>



OpenAI backer Microsoft isn’t the only major tech company to invest in artificial intelligence. Google <a href="https://www.forbes.com/sites/anafaguy/2023/03/21/google-releases-bard-ai-chatbot-amid-competition-with-chatgpt/?sh=769740e832b7">launched</a> its Bard AI chatbot earlier this year, and has <a href="https://www.forbes.com/sites/tylerroush/2023/09/19/google-expands-ai-chatbot-bard-to-apps-like-gmail-drive-and-youtube/?sh=594736544905">begun integrating it</a> into services like Gmail and YouTube, while Amazon announced a <a href="https://www.forbes.com/sites/siladityaray/2023/09/25/amazon-plans-to-invest-up-to-4-billion-in-ai-startup-anthropic/?sh=7408d8aa30e0">$4 billion investment</a> in AI startup Anthropic on Monday.

In this photo illustration a Open AI logo is displayed on a

OpenAI Could Reach Massive $90 Billion Valuation With New Share Sales, Report Says

Cloud-literate employees are increasingly needed across every industry. In an exclusive interview, Amazon Web Services’ commercial sales lead for sub-Saharan Africa tells us how they want to fast-track this objective. And the one area the company is focused on is startups. 



Amazon Web Services (AWS), Amazon’s cloud computing platform, has its eye on Africa. The company recently opened its first international skills center in Cape Town in a strategic move to upskill local cloud talent. Cape Town is not only AWS’ third skill center but the first to be built outside of North America.



“South Africa is a country close and dear to our hearts. It’s where we started our engineering center back in 2004 and our region investments – it has always been our first entry into Africa,” says Amrote Abdella, AWS’ sub-Saharan Africa’s commercial sales lead, in an exclusive interview with FORBES AFRICA.



In 2020, AWS launched the Cape Town region with three local availability zones. “This was when we started to really look at how we could fast-track this cloud transformation that was starting to take off across sub-Saharan Africa,” she says. “In September 2022, we launched our AWS Nigeria local presence… Nigeria now has the largest GDP in Africa and you have to look at the cloud adoption rate and other investments being made into the market. We see an opportunity to not just be a partner, but lead the way in how we’re driving investments into the market.”



The one area AWS is focused on is startups. Africa is home to many thriving fintech startups and the company is looking to grow that number exponentially, recently launching its first, equity-free accelerator. The initial cohort includes startups from Nigeria, Kenya, Ghana, Uganda, Cameroon, Egypt and South Africa.



“Innovation is something that despite of the challenges that we’ve had, we’ve had to accelerate on. If you think about fintech and mobile payments and where we are now (and where we have been), the African startups that are really getting traction are the ones addressing real challenges,” she says. About trying to force solutions that work in the western world into African, she adds: “Our realities are different.”



Build locally, export globally



For Abdella, the idea of creating African solutions for African problems works, but it is only the first step. “How about we build locally and export globally?” she asks. “We’re now seeing customers that are not only building solutions with a multicultural presence in Africa, but globally as well.



“By investing in infrastructure, we are making sure we create the platform for innovators and developers to start building. The AWS Skills Centre is the beginning of what it means to be able to provide these tools and services so as Africans, we can start competing but also have access to the opportunities.”



In 2020, Amazon shared the goal that they would help 29 million people worldwide grow their tech skills with free cloud computing skills training by 2025. Since 2017, the cloud giant has trained over 100,000 people in South Africa and are hoping the new skills center will remove barriers to access by offering free and interacting training.



“As an African working in Africa, it’s our responsibility. If not me, it’s you. If not you, then who?” asks Abdella. “If we want to really be able to deliver on Africa’s potential, we have to start with our people. We have to start building capabilities and we have to be able to get to a point, from a competitiveness perspective, deliver African world-class solutions.”

Amrote Abdella; photo by Tiana Cline

‘Deliver African World-Class Solutions’: Amazon’s Cloud Computing Platform On Plans For Continent

<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



Spotify will start using artificial intelligence to translate podcasts into other languages, the company announced Monday as part of a partnership with OpenAI, as Spotify becomes the latest to use generative AI for its products.



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



Spotify&nbsp;<a href="https://newsroom.spotify.com/2023-09-25/ai-voice-translation-pilot-lex-fridman-dax-shepard-steven-bartlett/" target="_blank" rel="noreferrer noopener">announced</a>&nbsp;Monday that it is releasing a pilot for its “Voice Translation” feature, which will translate podcasts into other languages that will match the original speaker’s voice and style.



The feature was created in partnership with OpenAI, which&nbsp;<a href="https://openai.com/blog/chatgpt-can-now-see-hear-and-speak" target="_blank" rel="noreferrer noopener">announced</a>&nbsp;Monday that it was releasing new “voice and image capabilities” for ChatGPT, allowing users to speak with the AI chatbot with generated “human-like audio from just text and a few seconds of sample speech.”



Spotify’s new feature is based on OpenAI’s voice transcription tool Whisper, which transcribes English speech and translates other languages into English.



The pilot includes three podcast episodes—including the&nbsp;Lex Fridman Podcast,&nbsp;Armchair Expert&nbsp;and&nbsp;The Diary of a CEO with Steven Bartlett—available in Spanish to both subscribed and unsubscribed users, with episodes available in French and German “in the coming days and weeks.”



All translated podcasts will be available in Spotify’s “<a href="https://spoti.fi/VoiceTranslation" target="_blank" rel="noreferrer noopener">Voice Translations Hub</a>,” which will be updated with additional episodes and podcasts “over the coming weeks and months.”



<h2 class="wp-block-heading" id="h-big-number">BIG NUMBER</h2>



100 million. That’s how many users “regularly” listen to podcasts on Spotify, according to the company.



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



Other companies have started to use generative AI for its products in recent months. Meta&nbsp;<a href="https://www.forbes.com/sites/irenebenedicto/2023/08/02/meta-launches-tool-to-create-music-using-ai-heres-what-to-know/?sh=4eddc404444d">announced</a>&nbsp;earlier this year that it would release AudioCraft, a tool that allows users to create AI-generated music and sounds. The&nbsp;<a href="https://www.ft.com/content/6f022306-2f83-4da7-8066-51386e8fe63b?list=intlhomepage" target="_blank" rel="noreferrer noopener">Financial Times</a>&nbsp;reported in August that Google and Universal Music Group were in discussions over whether to license artists’ melodies and vocals for AI-generated music. Google also&nbsp;<a href="https://www.forbes.com/sites/tylerroush/2023/09/19/google-expands-ai-chatbot-bard-to-apps-like-gmail-drive-and-youtube/?sh=3282847f4905">announced</a>&nbsp;earlier this month that it had integrated its AI chatbot Bard into its other applications, including YouTube, Gmail and Drive. Amid concerns over privacy and safety, OpenAI said it was gradually releasing its image and voice capabilities for ChatGPT, after the company warned the new features could present new risks, including “the potential for malicious actors to impersonate public figures or commit fraud.”



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<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<a href="https://www.forbes.com/sites/tylerroush/2023/08/08/google-and-universal-music-group-negotiating-ai-generated-music-tool-report-says/?sh=3d4d29cf22e7">Google And Universal Music Group Negotiating AI-Generated Music Tool, Report Says</a>&nbsp;(Forbes)



<a href="https://www.forbes.com/sites/irenebenedicto/2023/08/02/meta-launches-tool-to-create-music-using-ai-heres-what-to-know/?sh=4eddc404444d">Meta Launches Tool To Create Music Using AI—Here’s What To Know</a> (Forbes)<a href="https://www.forbes.com/sites/tylerroush/"></a>

Photo Logo Illustrations

Spotify Will Translate Podcasts Into Other Languages Using AI

Hydrogen powered fuel-cell electric vehicles (FCEVs) are extremely rare. BMW plans to bring a small fleet of iX5 Hydrogen cars to South Africa in 2024 to gauge interest with government representatives, thought leaders and potential customers. We got a sneak preview of the car at the IAA Mobility 2023 show in Munich.



The world’s largest hydrogen-powered mining vehicle was launched in South Africa by multi-national mining company Anglo American in 2022. The prototype mine haul hybrid truck uses 2MW of hydrogen fuel cells to carry 290-tonnes, designed specifically for mining conditions at Mogalakwena Mine, the world’s largest platinum mine, in the country’s Limpopo province.



At the launch, President Cyril Ramaphosa called it a historic event not because of the impressive piece of machinery, but for being the “genesis of an entire ecosystem powered by hydrogen”.



“This is a gigantic leap for South Africa’s hydrogen future economy,” said Ramaphosa.



Fast forward to the Festival of Motoring in Johannesburg in August this year, when BMW showcased a unique vehicle flown in from its global fleet: an iX5 Hydrogen vehicle.



The display drew lots of attention from visitors. Peter van Binsbergen, the head of BMW Group South Africa, said there were many discussions locally about just energy transition, and with its trial fleet of the vehicle, it would contribute to the development of the hydrogen economy.



“I feel that a country like South Africa, and indeed a continent like Africa, has the ideal conditions to be a leader in generating green hydrogen for industrial and automotive applications,” said van Binsbergen.



In partnership with the South African government and other entities, Anglo American conducted a hydrogen valley feasibility study to identify three potential hubs in the cities of Johannesburg and Durban, and in Limpopo, to integrate hydrogen into the country’s economy.



It is reportedly estimated that the hydrogen valley concept could add between $4 billion to $9 billion to South Africa’s Gross Domestic Product by 2050 and create between 14,000 to 30,000 direct and indirect jobs per year.



Meanwhile, BMW plans to bring a small fleet of iX5 Hydrogen cars to South Africa in 2024 to gauge interest with government representatives, thought leaders and potential customers.



The German auto maker is due to make an announcement soon regarding an agreement with two large South African multinationals to work together to use hydrogen as an energy source.



Speaking to FORBES AFRICA ahead of the IAA Mobility 2023 show in Munich in September, Dr Jürgen Guldner, general program manager of hydrogen technology at the BMW Group, says the future of energy is electric.



“Electricity produced from solar, wind, and hydropower will be the backbone of our energy system, versus today where we produce energy from coal, gas, oil, and a little bit from the sun,” says Guldner.



Electricity has a few issues that can be solved with hydrogen, he explains; the main one being how difficult it is to store electricity over a long period of time. “You have to use something like hydrogen as a gas for chemical component molecules instead of electrons to store energy over longer periods of time, like several months.”



The feedback from BMW customers is that not all are 100% happy with a battery electric vehicle; they want to be emission-free but prefer to drive like they currently do without worrying about charging, he says.



“Hydrogen does exactly this; a hydrogen car is an electric car – the only difference is the energy is stored as hydrogen and not as electricity in a battery.”



The iX5 hydrogen prototype that FORBES AFRICA had access to briefly in Munich showcased the vehicles fitted with two 700-bar tanks that contain 6kg of hydrogen in total, which can be operated in any weather condition. The eDrive’s peak power battery can supply additional power boost on top of the electric energy from the fuel cell system.



The iX5 is based on the current BMW X5, has a total output of 296kW and a range of 504km without refueling the tanks. It can go from 0-100km/h in under six seconds, and has a top speed of 185km/h.



Hydrogen powered fuel-cell electric vehicles (FCEVs) are extremely rare, with only 15,391 units sold globally in 2022, representing 0.02% of global passenger sales when compared to the 10.5 million battery electric vehicles (BEVs) sold in 2022. In Japan alone, there was a huge drop in sales, from 2,440 vehicles sold in 2021, vs. 844 in 2022.



These stats were shared by BloombergNEF Electric Vehicle Outlook 2023 report, which said figures were so low that it could not make future projections: “We are not able to make a long-term outlook for passenger FCVs while sales are so low, show limited momentum and are highly concentrated in a few markets and models.”



There are two mass-produced hydrogen vehicles on sale today: the Toyota Mirai and the Hyundai Nexo. Upcoming FCEV models include the BMW iX5, Honda CR-V, Hyundai Staria, Kia Carnival, and Toyota GR Yaris H2.



While the industry is still an experimental one, there are concerns from scientists about the lack of data on hydrogen leaks and the potential harm they could cause, according to Reuters, which may cause a blind spot for the nascent industry. It said at least four studies concluded that hydrogen loses its environmental edge when it seeps into the atmosphere.



Despite this, the European Commission’s proposed REPowerEU plan aims to produce 10 million tons (MT) of renewable hydrogen and 10MT of imported renewable hydrogen by 2030, as part of achieving climate neutrality by 2050.

On Location BMW iX5 Hydrogen Antwerp

Hydrogen Cars On The Horizon In Africa

Hacker, IT and person with code on computer, programming and phishing scam with malware or virus. Hacking, system glitch and cloud computing error in dark room, cyber crime and cybersecurity fail

How AI Is Supercharging Financial Fraud–And Making It Harder To Spot

A new wave of innovation is rising on the African continent, where startups are leveraging AI to address local challenges, fueling sustainable growth, and forging a path for others to follow. The AI industry on the continent is expanding rapidly, with reportedly over 2,400 companies specializing in the industry as of this year.



Spending on AI innovation in Africa and the Middle East is likely to see the fastest growth in AI spending in the world, hitting $3 billion this year and over $6 billion by 2026 per the International Data Corporation (IDC). This innovation is both locally and internationally-driven, with organic AI-based startups across the continent, as well as collaborative initiatives such as Google’s first AI research center in Ghana, launched in 2018.



In the heart of Cameroon, in the capital city of Yaoundé, resides Agrix Tech — a startup committed to aiding smallscale farmers in their battle against plant diseases and pests. These threats, exacerbated by the ongoing climate crisis, pose a critical challenge to agriculture. Agrix Tech&#8217;s innovative solution is a mobile app that empowers farmers to scan their plants&#8217; leaves. Leveraging AI, the app identifies any ailments and suggests appropriate interventions.



What sets Agrix Tech apart is its dedication to inclusivity. The app&#8217;s features are available regardless of location or internet connectivity — crucial for remote farmers. &#8220;The app can work offline as the AI model is embedded into the mobile app,&#8221; states founder and CEO Adamou Nchange Kouotou to FORBES AFRICA. “This allows farmers with no internet connection to still use it. The app can also be set in many local African languages.&#8221; By extending its AI library to other developers, Agrix Tech is broadening the reach of its crop and disease detection capabilities.



In Nairobi, Kenya, is another groundbreaking company making use of AI. Since its inception in 2012, SunCulture has made significant strides in equipping farmers with precision irrigation solutions.



Starting with solar-powered irrigation and pay-as-you-go financing, the company has expanded its reach from Kenya to Ethiopia, Uganda, Zambia, and the Ivory Coast, among others.



“It’s a viable business idea,” says SunCulture CEO Samir Ibrahim.



Approximately 90% of smallholding farms on the continent rely on rainfall for irrigation. As a result, the timing of planting, fertilizing, and harvesting is critically dependent on weather forecasts, which are often too broad or inaccurate. SunCulture&#8217;s solution — a trailblazing amalgamation of technologies called AgOptimized — addresses this issue head-on. The app gathers local soil and weather data, integrates it with meteorological and satellite data, and analyzes it alongside historical trends using AI. The result? Detailed, localized weather forecasts and recommendations on irrigation, fertilizing, and pest control, designed to lower costs and maximize farming yields.



Further south in Johannesburg is an AI startup that aims to meet their bold slogan of ‘AI for Africans, By Africans, Solving African Problems’. Lelapa has crafted an AI-based language- model-as-a-service named Vulavula.



Linguistic diversity is the heartbeat of Africa, and nowhere is this more evident than in South Africa, a country that proudly recognizes 12 official languages. Yet, the digital space often falls short in catering to this richness. That&#8217;s where Vulavula steps in, carving out a unique niche in the landscape of AI applications.



“We tackle the challenges of language diversity through very careful data creation and curation with the help of sociolinguists who understand the nuances of dialects,” says Jade Abbott, Director at Lelapa AI. “Our vision is for Vulavula to be used across education, healthcare, government. 



Children learn maths best when taught in their home language, people die because doctors do not speak the same languages as their patients, and many people can’t participate in government because majority of the resources are available in English or Afrikaans.” 



Vulavula harnesses the power of AI to provide real-time translation and transcription services, enabling businesses to communicate with their customers in their own language seamlessly. 



Ubenwa, a Nigerian-owned AI startup, is making significant strides in the realm of neonatal health. Named after the Igbo term for &#8216;baby&#8217;s cry&#8217;, Ubenwa has developed an AI system that deciphers infants&#8217; cries to detect early signs of neurological issues. It specifically targets birth asphyxia — one of the leading causes of infant mortality in sub-Saharan Africa — by analyzing frequency, pitch, and other key acoustic features in a baby&#8217;s cry. This AI- powered approach provides a low-cost, non-invasive diagnostic tool for early intervention, potentially saving many young lives.



What sets Ubenwa apart is its commitment to accessibility. Their AI solution operates independently of internet connectivity, a pivotal feature ensuring its usability in Africa&#8217;s remote areas. Bymeeting this challenge head-on, Ubenwa exemplifies how AI can be harnessed to tackle region-specific healthcare issues, paving the way for other AI startups to make impactful strides in their domains.



On a broader scale, Ubenwa underscores the transformative potential of AI in healthcare, particularly in settings with limited resources. Their innovative approach is a powerful testament to the potential of AI in Africa, spotlighting the profound societal impact of locally-sourced solutions to local challenges.

Close-up of businesswoman use computer while use digitization display for monitoring the data in business office.

Africa’s AI-Based Businesses And Innovations

Micro-X is developing an automated screening process that could save time and minimize stress, but it’s likely to be expensive.



Inan industrial park near Seattle’s airport, an Australian company called Micro-X is developing a system that could make air travelers’ dreams come true: speedy security screening that promises minimal interaction with TSA officers.



Micro-X is using new technology to redesign airport checkpoints to resemble self-checkout lanes at supermarkets. If it works as planned, Micro-X’s process would not only be faster, it would be less stressful for passengers and Transportation Security Administration employees. Yet, in an environment where TSA often seems to be&nbsp;<a href="https://oversight.house.gov/wp-content/uploads/2012/05/5-9-2012-Joint-TSA-Staff-Report-FINAL.pdf" target="_blank" rel="noreferrer noopener">under fire</a>&nbsp;for some shortcoming —&nbsp;<a href="https://www.forbes.com/sites/michaelgoldstein/2017/11/09/tsa-misses-70-of-fake-weapons-but-thats-an-improvement/?sh=cfd2ea12a38d">poor performance</a>&nbsp;on tests for detecting weapons, making the experience confusing and unpleasant for travelers, and, especially,&nbsp;<a href="https://www.oig.dhs.gov/sites/default/files/assets/2021-09/OIG-21-69-Sep21.pdf" target="_blank" rel="noreferrer noopener">its expensive bloat</a>&nbsp;— the new equipment may not satisfy critics. It would be pricey.



Micro-X’s target for the cost of the self-screening system is roughly twice that of the newest type of conventional security lanes, according to Brian Gonzales, Micro-X’s chief scientific officer and head of its U.S. operation. This year, the TSA has already committed to pay up to $1.3 billion for about 1,200 CT scanners to screen carry-on bags. As for the Micro-X system, the hope is the cost would end up being “competitive” on a per-passenger basis, according to John Fortune, who oversees the project as manager of a Department of Homeland Security technology-development program called Screening at Speed.



The company’s design “breaks the mold,” Fortune tells&nbsp;Forbes. “It would really shake up the way a checkpoint is built.”



Here’s how it would work. After getting their IDs checked, travelers enter an area with rows of booths, each big enough for two adults. An avatar on a screen tells them to put their belongings in the cabinet of a<a href="https://micro-x.com/products/miniature-baggage-scanner/" target="_blank" rel="noreferrer noopener">&nbsp;CT scanner</a>&nbsp;that’s one-quarter the size of anything else on the market. The scanner uses X-rays to create a 3-D image that’s automatically analyzed for prohibited items by software powered by machine-learning algorithms. Meanwhile, a camera system and an electromagnetic body scanner examine the traveler and the avatar prompts them if they’ve forgotten to take something out of their pockets — or seem to be hiding something.



TSA officers would step in only if the system detects a suspicious item or if a traveler needs help.



From 2020 through 2022, DHS committed $4.9 million for Micro-X to develop its concept and deliver initial prototypes. In July, the agency awarded the company a contract extension worth up to $14 million to build six screening booths, with the goal for the first to be delivered for testing within the next 12 to 18 months.



Airport security officials, especially since 9/11, have been navigating a delicate balance, weighing travelers’ convenience with the imperative of keeping them safe. That task only grows harder when more people fly, and more people are flying. Air travel has bounced back from pandemic doldrums, with a record 264 million people passing through airport security checkpoints during the summer travel season —&nbsp;2 million more than in the same period in 2019. If passenger growth rates return to their pre-pandemic trajectory — about 4% annually — that means bigger challenges, Fortune says. “At some point you’re not going to be able to keep up with both the evolving threats, but also the number of travelers that continue to go through the system,” he says.



Micro-X promises its revamped checkpoints would keep foot traffic moving, with passengers able to complete the screening process in an average time of 60 seconds and in as little as 30 seconds. Its design features eight screening booths in the same space as the current single-line lanes. That way, if a passenger dawdles or sets off alarms, other travelers could still flow through the remaining booths.



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading" id="h-faster-future">Faster Future</h2>



DHS’ goal is for the self-service system to be capable of screening 400 passengers per hour per lane, with less than 5% requiring officer intervention. Micro-X thinks it could do better — 500 passengers an hour per lane, Gonzales says. TSA won’t disclose statistics on its current performance, but Gonzales says his understanding is that 500 an hour would be well above the flow of PreCheck lanes, which he says tend to handle 300 an hour at best. A jammed-up standard lane might only process 150 travelers an hour, he says.



The goal is to have seven TSA officers staffing a lane, down from 11 currently, Gonzales says. If the image-analysis algorithms can be made accurate enough, he says it may be possible to reduce that to as few as three officers.



The system would reduce stress for officers. They would spend more time helping passengers rather than conducting often tense pat-downs and bag searches. They could also be freed up to remotely examine images of bags flagged by the detection algorithms.



The process could be particularly helpful at smaller airports with light traffic. A single Micro-X pod could be all the capacity needed.



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<h2 class="wp-block-heading" id="h-take-two">Take Two</h2>



DHS is also funding a project led by a Dutch company, Vanderlande, to develop a self-screening checkpoint with current technology. It’s added a gating system and automated instructions to its<a href="https://www.vanderlande.com/us/systems/security-screening/pax-mx2/" target="_blank" rel="noreferrer noopener">&nbsp;two-lane checkpoint</a>, which uses a conventional CT machine paired with a Rohde &amp; Schwartz<a href="https://www.rohde-schwarz.com/us/products/aerospace-defense-security/security-scanner/rs-qps-quick-personnel-security-scanner_63493-332676.html" target="_blank" rel="noreferrer noopener">&nbsp;body scanner</a>&nbsp;kitted out with a virtual assistant that cues passengers to check their pockets if the scanner picks up anything.



The Vanderlande project is further along than Micro-X’s. DHS tested it this spring and hopes to launch a trial by year-end on the PreCheck lanes at Harry Reid International Airport in Las Vegas. It has some features that could speed up the flow of passengers — there are three stations where travelers line up to put their bags on a conveyor — but it doesn’t have the same potential to accelerate the process as the system Micro-X is developing, Fortune says.



Fortune cautions that there’s much about the new technologies that still needs to be proved out.



Micro-X has already commercialized light, mobile medical X-ray machines based on the same technology in its CT scanner. Standard X-ray machines still work pretty much the same as they did when they were first developed around the turn of the 20th century. A filament heats up in a vacuum tube, similar to an old-fashioned light bulb, generating a stream of electrons that create X-rays when they’re rapidly slowed down by a dense metal. Micro-X has perfected technology first developed by researchers at the University of North Carolina at Chapel Hill that applies an electric field to carbon nanotubes to generate a current of electrons. The benefits: its X-ray tubes are about a quarter of the size and a tenth the weight of standard ones. It also provides more precise electronic control of timing and dosing, the company says.



The success of the self-screening security project could mean a big future for a small company. Micro-X had sales of $9.7 million in the fiscal year that ended June 30. With a market capitalization of just $35 million on the Australian Securities Exchange, Gonzales says it will need outside investment or partnerships to get the system to market.



The project also depends on Munich-based<a href="https://www.dhs.gov/science-and-technology/news/2021/10/13/news-release-st-awards-funding-design-passenger-self-screening-hardware-system" target="_blank" rel="noreferrer noopener">&nbsp;Voxel Radar</a>&nbsp;delivering on its claim that its next-generation millimeter wave body scanner is capable of taking accurate images of travelers while they’re moving in the booth and providing quick feedback about items they’re carrying. Current millimeter wave scanners require travelers to stand still with their arms extended.



Another key will be whether detection algorithms can be created that accurately interpret the images that both types of scanners create.



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading" id="h-computer-vision">Computer Vision</h2>



Image-analysis algorithms are already used with CT scanners to detect explosives in checked luggage. TSA told&nbsp;Forbes&nbsp;that 75% to 80% of checked bags are cleared without human intervention. But carry-on bags are trickier. They need to be checked for a wider variety of banned items, including guns and knives.



It can be difficult for algorithms to pick up the shape of a gun depending on the orientation, or to recognize if a gun has been broken up into pieces, or those pieces are split among different bags, says Norman Shanks, a baggage screening expert who ran security at London Heathrow in the late 1990s. “I’m not that convinced that we’ve got the image recognition for every prohibited item,” he tells&nbsp;Forbes. “It will come but we’re not there yet.”



While accuracy will need to be high and false-alarm rates low to achieve the reductions in checkpoint staffing that the Micro-X project envisions, it’s not clear that human beings pose stiff competition to detection algorithms. In tests in 2017, DHS investigators were able to smuggle mock weapons and explosives past TSA officers at checkpoints&nbsp;<a href="https://www.cbsnews.com/news/tsa-screenings-fail-to-detect-explosives-guns-knives-70-percent/" target="_blank" rel="noreferrer noopener">at least 70% of the time</a>.



Still, cutting staff poses a risk, according to Shanks. It means fewer officers who might notice if a traveler is acting suspiciously. “Technologists want to talk about technology being the answer for everything, and it isn’t,” he says. Also needed are “the soft skills of behavior detection and observation techniques.”



Another question is whether automated instructions will enable enough passengers to use the new systems without help. Experience has shown that signs and videos are no substitute for a person giving directions, says Jeffrey Price, an aviation security consultant and professor at Metropolitan State University of Denver, who calls it “one of the inside secrets of our industry.”



“You have to tell them what to do every time or else they stand there and get confused,” Price says of air travelers. “Even if they do nothing else other than walk down a corridor, you still have to tell them to walk down the corridor.”



The holy grail of the industry is to boil down the process to just that — do away with checkpoints and have passengers scanned continuously while walking. DHS has been funding research at the Pacific Northwest National Laboratory to develop technology to make that possible.



Fortune says a prototype for that dream may still be a couple of years away.

Delays And Cancellations Continue To Plague Airline Industry Heading Into Holiday Weekend

Through Airport Security In 30 Seconds? That’s The Goal Of This New Technology

Analyzing the rapid rise of artificial intelligence (ai), its impact across sectors with a special focus on innovations and ai startups in africa, and the need for mindful navigation in shaping ai’s future landscape.



The last three years have witnessed an unprecedented symphony of development and interest in the realm of artificial intelligence (AI). Its transformative potential, destined to reshape work and human development, is being felt tangibly around the globe for the first time, despite having been present in some form or another for several decades. Like any burgeoning revolution, AI has its skeptics — those who dismiss it as just another transient fad, akin to cryptocurrencies and Non- Fungible Tokens (NFTs).



Despite these misgivings, AI’s exponential growth and the multitude of its applications differentiate it from a passing tech trend – we are already witnessing AI’s formidable grip in sectors as diverse as finance and data analysis, programming, and multiple creative domains — marking AI’s evolution from a nascent idea to a legitimate driving force in our global technological landscape.



As this impressive engine of growth races ahead, critical questions about labor and wealth inequality loom. The full implications of AI are yet to be determined, as many of its applications are still in their infancy. And while the narrative has often centered on AI’s development in the West — particularly the progression of large language models (LLMs) — it is crucial to recognize the parallel innovations unfurling in Africa. A new generation of African innovators is embracing AI, fostering local solutions to local challenges, proving that significant breakthroughs are happening right in our backyard.



In the face of AI’s breakneck pace of development, it’s essential to anchor ourselves in the origins of this technology — to understand where AI began from an ancient dream into a modern reality, and the varied types and real-world implications, especially in Africa.



<h4 class="wp-block-heading" id="h-ghost-in-the-machine">Ghost in the machine</h4>



The origins of AI trace back to time immemorial, with the idea of automatons – self-operating machines – deeply embedded in the tapestry of human history. The ancient Egyptians and Greeks held beliefs in mechanical creatures imbued with a kind of spirit or voice — statues of wood or men of bronze and iron that could mimic life’s vital functions. These initial imaginings of AI shed light on humanity’s long-standing fascination with replicating life artificially.



In the 20th century this notion of life replication takes a leap forward, crystallizing into the foundational theory of modern AI. At the helm was the mathematician and computer scientist, Alan Turing. He posited the revolutionary idea of a ‘Turing Complete’ system or platform — a machine capable of performing any task solvable algorithmically, much like most programming languages today. Turing’s concept of ‘artificial neurons,’ capable of such functions, laid the cornerstone for AI’s development. Turing’s pioneering work sparked a wave of breakthroughs in the AI domain. In the mid-20th century, key figures such as Allen Newell, Herbert A. Simon, John McCarthy, and Marvin Minsky emerged as the torchbearers of AI’s evolution. Together, they helped establish the field of AI and made significant strides in its development.



Their collective contributions propelled the AI narrative from a rudimentary concept to an intricate scientific discipline, setting the stage for AI’s transformative role in the world we know today.



<h1 class="wp-block-heading">Not all machines are made equal</h1>



A quick Google search reveals a cosmos of AI apps, allowing for everything from therapy chatbots to video editing. The last year has witnessed an explosion of AI innovations, prompting a surge in AI’s presence in everyday discourse. Despite this apparent novelty, we’ve been cohabiting with some form of AI for several decades now.



‘Narrow AI’ or ‘weak AI’, is what we are most familiar with. These are a class of AI systems designed to excel in specific tasks within a confined domain. This form of AI has been an invisible companion, aiding us in numerous ways. Apple’s virtual assistant Siri, integrated into the mobile iOS platform since 2011, has been aiding users in performing specific tasks such as making phone calls, scheduling calendar appointments, and more. In the same league is Amazon’s Alexa, and Google’s Assistant.



The truly transformative waves are being made by ‘General AI’ or ‘strong AI’. These systems are designed to approximate human-like intelligence, aiming to execute any intellectual task a human might undertake. They strive to demonstrate cognitive abilities such as reasoning, deduction, common sense thinking, and abstraction, a substantially more complex endeavor.



Until recently, the creation of a General AI seemed a far-off milestone, a vision more aligned with science fiction than reality. But, the advent of generative AI is changing that narrative.



Generative AI is no longer a distant dream; it’s a burgeoning reality. But to truly understand its significance, we must delve into its building blocks: deep learning, natural language processing (NLP), and neural networks.



Deep learning, an offshoot of machine learning, harnesses artificial neural networks to learn from large quantities of data. It’s the foundation that enables AI systems to interpret and understand the world, much like the human brain does. NLP, on the other hand, empowers AI to comprehend and respond to human language, allowing it to interact more naturally with us. Both these fields are anchored in the concept of neural networks, AI models inspired by the human brain that enable machines to learn from experience. 



These technologies constitute the core of modern AI, enabling the development of powerful AI systems that can understand, learn, predict, and potentially function autonomously.



<h4 class="wp-block-heading">Enter Generative AI</h4>



A distinct class of AI platforms has started making waves, its ripples felt across society and diverse industries, from cybersecurity to programming and creative writing. This is the realm of Generative AI. Systems like OpenAI’s ChatGPT, Google’s Bard, and Bing’s Chat represent this new age of AI, capable of engaging with an array of problems and redefining the boundaries of what AI can achieve.



But what sets Generative AI apart? At its heart, it involves creating content from scratch. Unlike traditional AI systems that analyze input to produce a predictable output, Generative AI leverages an understanding of data patterns to produce an entirely new, unique output. This is accomplished through a specialized form of machine learning known as Generative Adversarial Networks (GANs).



GANs operate with a kind of internal rivalry. Comprising two parts, a generator and a discriminator, these networks play a game of cat and mouse. The generator creates new data instances, while the discriminator evaluates them for authenticity; that is, whether they seem to come from the actual dataset as opposed to being artificially created. This internal competition fuels the system to continuously improve and adapt, enabling the generation of highly convincing artificial data.



OpenAI’s ChatGPT, Google’s Bard, and Bing’s Chat exemplify how potent this technology can be. ChatGPT, for instance, can generate coherent and contextually relevant text given an input, emulating human-like text patterns. This powerful capacity has opened a plethora of applications in fields like content creation, customer service, and even tutoring.



The arrival of Generative AI signifies a paradigm shift in the AI world. It’s not just about developing AI that can understand and learn from data anymore; it’s about creating AI that can generate new, original content, push creative boundaries, and find solutions in complex landscapes.



Africa is one such landscape.



<h3 class="wp-block-heading">Ethics</h3>



Amidst the labyrinthine possibilities offered by AI, many ethical considerations also arise. The advent of AI also poses significant implications for the world of work. On one hand, AI has the potential to automate routine tasks, liberate human creativity, and create new kinds of work. On the other, it could lead to job displacement and exacerbate wealth inequality if not managed responsibly.



The situation gains an added layer of complexity in Africa, a continent grappling with high unemployment rates and a



burgeoning youth population. According to a recent report by the African Development Bank, the continent’s youth population could be an advantage in the adoption and growth of AI systems.



However, existing inequalities might make job displacement even stronger, making the need for ethical AI practices and thoughtful labor policies even more pressing.



It’s vital to ensure that the adoption of AI doesn’t outpace the ability of workers to reskill or find new jobs.



Government preparedness to make use of AI, or regulate its impact on the economy and labor force, varies drastically across the continent, with only Mauritius, Egypt and Kenya having dedicated national strategies.



Moreover, there’s a need for transparency and accountability in how AI affects the labor market. Workers should have a say in how AI is implemented in their workplaces and should be adequately supported in navigating the AI-driven transition.



Also, it’s important to build robust ethical frameworks to ensure that AI is developed and deployed in a way that respects labor rights and promotes economic justice.



<h3 class="wp-block-heading">Within limits: hallucinations</h3>



“What they are able to imagine becomes more real to them.” Hallucinations, Oliver Sacks, 2012.



The march of AI’s progress, while filled with exhilarating innovation, also walks in the shadow of challenges and limitations.



AI systems, despite their intellectual prowess, can become targets of adversarial attacks. These are strategic attempts to mislead AI algorithms through manipulated input, leading to incorrect output. This vulnerability poses significant threats in areas such as cybersecurity and data integrity, making it an area of increasing concern for AI developers.



Another challenge is data poisoning — a type of attack where malicious actors inject false data into the learning process of AI systems, consequently affecting the decisions these systems make. Such attacks can not only undermine the effectiveness of AI systems but can also pose serious risks if these systems are used in critical domains such as healthcare or defense.



Beneath the formidable capabilities of AI lies a caveat — it lacks the nuanced understanding of context, emotions, and human-like reasoning. This limitation becomes evident in areas like NLP, where despite impressive advancements, AI struggles to fully grasp the intricacies of human language and sentiment.



Moreover, balancing AI’s capabilities with privacy and security concerns presents a complex dilemma. While AI’s ability to analyze vast amounts of data can lead to groundbreaking insights, it also brings up concerns about data privacy and consent, requiring careful consideration and stringent regulations.



Finally, the use of AI in content moderation and censorship opens up a can of worms.



While AI can help moderate and filter harmful or inappropriate content, it may inadvertently suppress freedom of expression or fall victim to political manipulation. Here, the challenge lies in leveraging AI’s capabilities while ensuring it does not become an instrument of oppression or bias.



<h3 class="wp-block-heading">Ubiquity of AI</h3>



From the familiar chime of a smartphone notification to the recommended movie on a streaming service, AI has silently become a ubiquitous presence in our everyday life. But it’s not just about trivia and entertainment — the reach of AI extends far beyond, weaving itself into the very fabric of our society and business operations.



Many of us interact with AI-powered technologies on a daily basis, often without realizing it. The friendly virtual assistant that sets your alarms and reminders, the sophisticated chatbots that swiftly handle customer service queries, and the personalized recommendation systems that curate your shopping and streaming experiences — these are all shining examples of AI working behind the scenes to simplify our lives.



However, the ubiquitous nature of AI comes with both promise and caution. The potential economic and social implications of widespread AI adoption are enormous. On one hand, it promises to drive productivity, improve decision- making, and create new job opportunities. On the other, it raises concerns about job displacement, privacy issues, and an increased digital divide.



Beyond everyday applications, AI plays a pivotal role in tackling more complex issues. It’s at the forefront of combating digital threats like deep fakes, which use AI to create realistic fake videos or audio recordings, and misinformation, where AI can help detect and mitigate the spread of false information.



Yet, as AI becomes increasingly pervasive, it also amplifies concerns around bias and freedom of expression. For instance, the algorithms behind news feeds or search engines can unintentionally create echo chambers, reinforcing our existing beliefs and narrowing our world view. As we continue to entrust AI with these roles, it becomes imperative to ensure it promotes diversity of thought and doesn’t impinge on our freedom of expression.



<h3 class="wp-block-heading">Here, now</h3>



AI is no longer an abstract concept or an elusive future — it’s here, it’s now, and it’s reshaping our world in ways we could only imagine a few decades ago.



In traversing the fascinating journey of AI — from its early theoretical conceptions to its current state of ubiquity, it’s important to remember its ability to generate new wonders and solutions hand in hand with magnifying existing inequalities.



Amidst these challenges, the resilience and ingenuity of Africa’s AI ecosystem shines through. The journey ahead is an uncharted one, filled with immense opportunities and formidable challenges. But as Africa stands at the threshold of this AI revolution, it also stands at the cusp of a transformative era — one where AI could be the catalyst that accelerates its leap into a future of unprecedented growth and prosperity.

AI, Machine learning, robot hand ai artificial intelligence assistance human touching on big data network connection background, Science artificial intelligence technology, innovation and futuristic.

The AI In African Innovation Explained

The tech behemoth’s latest iPhone features a new USB-C charging port and titanium frame for its higher-end models.



Apple has unveiled the iPhone 15, with the base models 15 and 15 Plus priced at $799 and $899 respectively, in its most anticipated product event of the year. The higher-end 15 Pro and 15 Pro Max will be priced at $999 and $1,199 respectively.



As usual, the iPhone 15 will come equipped with a better camera and upgraded processing power, but it will also feature a significant change: a USB-C port for charging and data transfers. Apple was forced to do away with its Lightning port in iPhones after the European Union passed a law last year that requires all mobile devices to accommodate a common&nbsp;<a href="https://www.forbes.com/sites/siladityaray/2022/10/26/weve-no-choice-apple-says-iphones-will-switch-over-to-usb-c-chargers-to-comply-with-new-eu-law/?sh=786790cabcde">USB-C&nbsp;</a>charger.



The consumer tech giant also announced two new makes of the Apple Watch: the Apple Watch Series 9, which it said was its first carbon neutral product ever, and the Apple Watch Ultra 2. Sustainability was one of the central themes of the event, where Apple detailed its increased use of recycled materials like cobalt in the battery and energy efficient manufacturing and transportation practices to produce the Apple Watch Series 9. This comes ahead of the company’s goal to achieve carbon neutrality by 2030.



With inconspicuous changes in design and appearance, the screen sizes for the standard iPhone 15 models are the same as before (6.1 inch and 6.7 inch), but the iPhone 15 Pro and Pro Max have a slightly larger display as their bezels are thinner than previous iPhones, the company announced. The Pro iPhones are built with Grade 5 titanium frames for the first time rather than stainless steel, making them the lightest Pro phones Apple has ever built.



Similar to its predecessor, iPhone 15 has a matte finish, but the edges of the phone are more rounded than before. The regular models are available in pink, yellow, green, blue and black while the Pro models come in black, blue and white titanium. All new phones have the “Dynamic Island,” an interface that was first added to iPhone 14 Pro that lets users see notifications in the black pill-shaped notch at the top of the display.



Apple touted the phone’s upgraded camera capabilities: a 48-megapixel camera sensor is replacing the 12-megapixel and lets users zoom into photos while capturing minute details and nuances. The new Pro phones come with a feature that uses machine learning to detect when a person is in the photo, enabling you to automatically switch to portrait mode even after a photo has been taken.



If you’re on a call using the iPhone 15 Pro, a machine learning-based feature called “voice isolation” prioritizes the speaker’s voice and drowns out background voice. The phones are also enabled with an emergency SOS service and roadside assistance while off the grid.



The pricier models come with a performance edge, thanks to a new A17 chip. All new iPhones are embedded with a new ultrawide-band semiconductor, a technology that uses radio waves to send and receive signals, to make location tracking on the Find My app more accurate.



The ring/mute slide switch, which has never changed since Apple launched the original iPhone in 2007, has been replaced in iPhone 15 Pro models with an “Action Button” that can be customized to set different functionalities like starting a voice recording, launching the camera or opening the flashlight.



For the Apple Watch Series 9 and a second generation of the Apple Watch Ultra , the look and design for the new watches has remained consistent, but their guts have gotten an upgrade, with 30% faster processing speed and brighter screens. The two new Apple Watches are equipped with a feature that lets users double tap their index finger and thumb to carry out actions like accepting or ending a call, and playing or pausing music with just one hand.



Apple’s latest product reveal comes at a crucial time for the company. Demand for smartphones is&nbsp;<a href="https://www.bloomberg.com/news/newsletters/2023-08-06/apple-iphone-15-comes-amid-us-sales-slowdown-tim-cook-q3-earnings-comments-lkzfs14u" target="_blank" rel="noreferrer noopener">slowing</a>&nbsp;down across the industry, and Apple’s iPhone sales dropped about 2% year over year in the third quarter of 2023. Core to its business, iPhones, Apple Watches and AirPods accounted for about 60% of Apple’s $394.3 billion annual revenue in 2022.



Although more mainstream, the new iPhone and Apple Watches aren’t the only products that Apple announced this year. In June, alongside new Macs, Apple introduced the <a href="https://www.forbes.com/sites/johnpaczkowski/2023/06/07/this-is-what-its-like-to-use-apples-new-vision-pro-mixed-reality-headset/?sh=43c3323539e4">Apple Vision Pro</a> mixed-reality headset, its first major new product category since the Apple Watch made waves in 2015. The iPhone 15 lets users create photos and videos that are compatible with the Apple Vision Pro.

Apple Holds Product Unveiling Event

Apple Kills Lightning In iPhone 15 And Announces Carbon Neutral Apple Watches

Packages containing rifle parts hidden inside George Foreman Grills also contained Apple’s dime-sized location tracker, investigators say.



In November last year, Customs and Border Protection intercepted a package en route from Illinois to Israel. It contained a George Foreman Grill — innocuous enough. But when agents X-rayed the item and opened it up, they found rifle barrels wrapped in tinfoil and an Apple AirTag.



When Apple launched the dime-sized location tracking devices in 2021, they were pitched as a cheap piece of tech to help you keep tabs on your belongings, like luggage, keys and wallets. But AirTags and similar devices like Tile have also been put to use by criminals,&nbsp;<a href="https://www.theguardian.com/technology/2022/sep/05/i-didnt-want-it-anywhere-near-me-how-the-apple-airtag-became-a-gift-to-stalkers" target="_blank" rel="noreferrer noopener">most notably stalkers</a>.



Now, CBP inspectors claim to have found evidence of another illicit use for AirTags: helping illegal weapons smugglers keep tabs on their shipments, according to a search warrant for an Apple iCloud account linked to the trackers that was obtained by&nbsp;Forbes.



Drug and gun traffickers have long used GPS trackers to keep tabs on shipments, either in order to ensure they reached their destination, or detect when they go missing. But while older trackers have proven bulky and unreliable, Apple’s AirTag is small, lightweight and efficient.



“Like drug dealers, [weapons traffickers] want to make sure the load didn’t get ripped by police or somebody else,” said Brady Wilkins, a recently-retired investigator in Arizona. “If another group takes it or it gets seized, they can abandon it or know something is not right.”



Apple did not respond to requests for comment at the time of publication, but it has been attempting to curtail malicious uses of the AirTag over the last two years. One recent addition is a feature that warns users when an unknown tracking device is detected, via Bluetooth, on their person. “We condemn in the strongest possible terms any malicious use of our products,” the company wrote in a&nbsp;<a href="https://www.apple.com/uk/newsroom/2022/02/an-update-on-airtag-and-unwanted-tracking/" target="_blank" rel="noreferrer noopener">press release</a>&nbsp;last year.



According to the warrant, the DHS Homeland Security Investigations unit traced the rifle barrel shipment back to a Palos, Illinois-based man, Amin Betuni. Records the government said it obtained from an unnamed online gun supplier showed Betuni had bought various AR-15 and Glock barrels. Investigators said that CBP intercepted a package containing what appeared to be those same parts, together with the grill and an AirTag, en route to a contact in Jerusalem, Israel. The warrant says the package’s shipping label stated it was sent from “Ameen Betuni” from a vacant lot next to a property owned by the suspect.



Border patrol in Israel, meanwhile, reported intercepting a different package containing gun parts also hidden inside a George Foreman Grill and an AirTag alongside, according to the warrant. That parcel had a return address for Betuni’s residence, the DHS claimed. Israeli officials also seized an additional FedEx shipment containing other gun components that were concealed inside of auto parts, investigators said. An AirTag was discovered in that package too.



Wilkins said that adding a personal property as return address would be a stupid mistake. “Criminals become complacent too,” he added.



In late December, law enforcement raided Betuni’s property, though he was not at home. Investigators suspected, however, they were being watched by security cameras in his home, as only ten minutes after police entered Betuni’s residence, one of his AirTag devices was mysteriously unpaired with his iCloud account, the DHS said.



Betuni was arrested in July and has been accused of shipping illegal Glock switches, which effectively turn a pistol into an automatic weapon, in the U.S. However, he has not yet been charged for sending gun apparatus to Israel or any other nation. In a recent filing, the government asked the court for an extension to the deadline for filing an indictment, as it was continuing to investigate Betuni’s conduct. The request was granted last week.



Others involved in the alleged scheme, but whose identities were unknown to the government, were also using AirTags as part of their operation to “smuggle goods from the United States,” the agent wrote in the warrant. No more information on the wider use of the Apple devices was provided.



The Department of Justice declined to comment on the case. Betuni’s lawyer didn’t respond to requests for comment.



It’s not just criminals who’ve found uses for the AirTag — law enforcement has too, even if it goes against Apple policy to use the tools for surreptitious surveillance. In March, <a href="https://www.forbes.com/sites/thomasbrewster/2023/03/23/apple-airtag-becomes-dea-surveillance-device/?utm_campaign=forbes&amp;utm_source=twitter&amp;utm_medium=social&amp;utm_term=Gordie">Forbes found a warrant detailing the DEA’s use of an AirTag</a>, after it placed one of the devices in a machine agents suspected was being ordered online to manufacture illegal narcotics.

Coronavirus Pandemic 2022 –  iPhone SE

Criminals Are Allegedly Using Apple AirTags To Track Illegal Weapons

<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



Apple and Nvidia stocks tanked for the second consecutive trading session Thursday, a rare down stretch for the Silicon Valley titans this year fueled by concerns about each of their explosive sales.



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



Apple shares slipped 3.4% by 2:25 p.m. Eastern time after Bloomberg&nbsp;<a href="https://www.bloomberg.com/news/articles/2023-09-07/china-plans-to-expand-iphone-ban-to-some-state-backed-firms-in-blow-to-apple?srnd=premium" target="_blank" rel="noreferrer noopener">reported</a>&nbsp;China is considering banning iPhone usage among some government workers and employees at state-owned corporations, casting doubt on Apple’s strength in the country which accounts for roughly a fifth of its sales.



The slide comes a day after Apple shed 3.6% – its 6.9% dip since Tuesday marks the steepest two-day loss for the world’s most valuable company since November.



Nvidia shares also dropped about 3% Thursday, bringing its two-day loss to 5.5% as the S&amp;P 500’s best-performer of 2023 suffered a rare tumble.



The artificial intelligence leader’s stock slump came as a dubious conspiracy theory&nbsp;<a href="https://twitter.com/JesseCohenInv/status/1699307464619876691" target="_blank" rel="noreferrer noopener">proliferated&nbsp;</a>on X, the social media site formerly known as Twitter, suggesting that Nvidia has artificially inflated revenue in its AI segment by lying about its sales to CoreWeave, a Nvidia-backed cloud computing startup&nbsp;<a href="https://www.bloomberg.com/news/articles/2023-08-30/coreweave-said-to-seek-stake-sale-at-up-to-8-billion-valuation" target="_blank" rel="noreferrer noopener">reportedly</a>&nbsp;valued at about $8 billion.



That theory is “nonsense,” Bernstein analyst Stacy Rasgon wrote in a Thursday note to clients he “very grudgingly” sent out, encouraging investors to not get “your investment thesis from Twitter randos.”



<h2 class="wp-block-heading" id="h-big-number">BIG NUMBER</h2>



$250 billion. That’s how much market capitalization Apple and Nvidia shed over the last two days.



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



Apple and Nvidia are two of the seven tech stocks&nbsp;<a href="https://www.forbes.com/sites/dereksaul/2023/04/10/these-7-tech-stocks-command-almost-90-of-the-sp-500s-gains-signaling-market-rally-may-not-be-so-healthy/?sh=65e0aafc65d5">accounting for</a>&nbsp;a large majority of major stock indexes’ gains this year, leading to lingering questions about the depth of the strong market (Alphabet, Amazon, Meta, Microsoft and Tesla round out the super seven). Both Apple and Nvidia set all-time high share prices this year, but on far different trajectories. Apple rode a steady 42% gain this year, just ahead with the tech-heavy Nasdaq’s 32% rise, thanks to&nbsp;<a href="https://www.forbes.com/sites/dereksaul/2023/05/04/apple-beats-quarterly-profit-sales-estimates-despite-interest-rate-headwinds/?sh=77f139f03637">solid</a>&nbsp;5% and 6% earnings beats during the first and second quarters, respectively, while Nvidia more than tripled in share price due to&nbsp;<a href="https://www.forbes.com/sites/dereksaul/2023/08/23/nvidia-earnings-stock-soars-as-ai-giant-again-smashes-quarterly-expectations/">exploding</a>&nbsp;expectations about its AI business, which grew by 141% just last quarter.



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<h2 class="wp-block-heading" id="h-crucial-quote">CRUCIAL QUOTE</h2>



“The Nasdaq is sinking as one bad Apple spoils a bunch of mega-cap tech stocks,”&nbsp;<a href="https://www.marketpulse.com/" target="_blank" rel="noreferrer noopener">Oanda</a>&nbsp;analyst Edward Moya wrote Thursday. The index is down 2% over the last two days, steeper than the S&amp;P 500’s 1% loss.



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<a href="https://www.bloomberg.com/tosv2.html?vid=&amp;uuid=14d8c1fa-4dad-11ee-bf85-ff6800d7a7ae&amp;url=L25ld3MvYXJ0aWNsZXMvMjAyMy0wOS0wNy9jaGluYS1wbGFucy10by1leHBhbmQtaXBob25lLWJhbi10by1zb21lLXN0YXRlLWJhY2tlZC1maXJtcy1pbi1ibG93LXRvLWFwcGxlP3NybmQ9cHJlbWl1bQ==" target="_blank" rel="noreferrer noopener">BLOOMBERGBloomberg</a>



<a href="https://www.forbes.com/sites/dereksaul/2023/08/23/nvidia-earnings-stock-soars-as-ai-giant-again-smashes-quarterly-expectations/" target="_blank" rel="noreferrer noopener">MORE FROM FORBESNvidia Earnings: Stock Soars As AI Giant Again Smashes Quarterly ExpectationsBy&nbsp;Derek Saul</a>



<a href="https://www.theverge.com/2023/8/8/23824661/coreweave-nvidia-debt-gpu-ai-chips-collateral" target="_blank" rel="noreferrer noopener">THE VERGEHow to get your startup a loan with one easy computer part</a>

Apple Ahead Of The IPhone 15 Launch

Apple And Nvidia’s Losses This Week Hit $250 Billion

In a significant development for Africa&#8217;s digital landscape, Lagos-based Itana, formerly known as Talent City, has announced that it secured $2 million in pre-seed funding.



The investment is led by backers, including LocalGlobe, Amplo, Pronomos Capital and Future Africa, marking a step toward realizing Africa&#8217;s inaugural Digital Free Zone.



Founded by Luqman Edu, Coco Liu, and Iyinoluwa Aboyeji, this funding is pivotal in realizing their vision to enhance Nigeria&#8217;s ease-of-doing-business index, stimulate foreign direct investment, and catalyze employment opportunities within the nation.



As of early 2022, the self-described charter city, backed by Charter Cities Institute and Pronomos Capital, a Peter Thiel-backed venture fund, had secured over $10 million for the project situated within Alaro City, in the Lekki Free Zone, just outside of Nigeria&#8217;s largest city, Lagos.



&#8220;We are building an online jurisdiction that allows global companies to remotely incorporate and operate in a Nigerian Digital Free Zone in partnership with Nigeria Export Processing Zones Authority to develop relevant policies for a groundbreaking &#8216;virtual city.&#8217; Itana Free Zone will be powered by a one-stop-shop platform for business and government services, including taxation, business visas, banking, capital repatriation, and supportive legislation for businesses. We will also be building a business marketplace, working with trusted service providers including legal, tax, banking, and more. We hope to help the businesses in our zone navigate the business landscape and operations with transparency and clarity to enable growth,&#8221; Itana tweeted on the announcement.



Aboyeji, one of the co-founders, emphasizes the importance of creating a conducive environment for Nigerian tech companies to thrive locally.



&#8220;In 2016 when I incorporated @theflutterwave, my first Delaware company, I never imagined incorporating a Delaware company would become the default for Nigerian companies looking to go global. For me, it was just a clever hack. But it became a movement.



&#8220;Post SVB crash crisis, incorporating a Delaware company and getting a bank account from Nigeria has quietly become a little more stressful. With the ascension of one of our own, @bosuntijani, as Minister, it has become imperative to bring our tech companies home. However, to do so, we need the right regulatory environment with the right benefits and opportunities that allow them to compete globally from right here in Nigeria,” tweeted Aboyeji. &#8220;This is why I’m so grateful for @ItanaAfrica and the incredible cast of mentors and investors who have come together to make this possible. If you are a Nigerian company and you want to come home, head on to itana.africa and incorporate your FZE today. Super excited to welcome you home.&#8221;



The announcement of Itana&#8217;s funding has garnered enthusiastic support from the tech community.



Pronomos Capital tweeted: &#8220;We&#8217;ve been working with the @ItanaAfrica team for 3 years now, and we love them, their concept, and its traction. Also big fans of @iaboyeji&#8217;s leadership, and since co-founders Luqman &amp; @cocobliu joined, it&#8217;s been build mode beast time!&#8221; Victor Ndukwe tweeted: &#8220;Super proud to be a part of the dream team. Building the gateway to the digital economy in Africa is audacious, and with the right kind of folks around, it becomes one of the most exciting journeys. Cheers to a prosperous Africa as we build to expand its trillion-dollar economy!&#8221;

Luqman Edu and Iyinoluwa Aboyeji marking a step toward realizing Africa’s inaugural Digital Free Zone; Image supplied

$2 Million Pre-Seed Funding For Africa’s First Digital Free Zone

<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



Google plans to require verified election advertisers to make “clear and conspicuous” disclosures when their advertisements contain AI-generated content, according to a&nbsp;<a href="https://support.google.com/adspolicy/answer/13755910?hl=en&amp;ref_topic=29265" target="_blank" rel="noreferrer noopener">blog post</a>&nbsp;from the tech giant, which will institute the changes as artificial intelligence becomes more commonplace in the leadup to the 2024 presidential election.



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



The update to Google’s political content policy will arrive in mid-November and will require disclosures to be placed in clear locations on images and videos.



Audio content is included in the disclosure requirements, though AI generated content “inconsequential to the claims made in the ad,” such as color corrections, image resizing and cropping, are exempt.



Videos uploaded to YouTube that aren’t paid advertising are also exempt, even if the content is uploaded by political campaigns.



Election advertisers who want to run election ads through Google are already required to go through a&nbsp;<a href="https://support.google.com/adspolicy/troubleshooter/9973345" target="_blank" rel="noreferrer noopener">verification process</a>&nbsp;requiring basic information from applicants.



A mix of human and tech tools will be used to enforce the disclosure requirements.



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



Google is one of several tech companies that has faced scrutiny over its handling of misinformation. YouTube, which was acquired by Google in 2006, faced backlash after announcing this year it would&nbsp;<a href="https://www.nbcnews.com/tech/tech-news/youtube-will-stop-removing-false-claims-2020-election-fraud-rcna87503" target="_blank" rel="noreferrer noopener">stop taking down content</a>&nbsp;containing false claims about the 2020 presidential election—when former President Donald Trump baselessly claimed voter fraud was rampant in an election he still considers rigged. YouTube said in a blog post it made the decision to protect its “community” and provide “a home for open discussion and debate.” The company was also criticized in 2020 for slowly removing or labeling videos with election misinformation.



<h2 class="wp-block-heading" id="h-tangent">TANGENT</h2>



X, formerly known as Twitter, does not have specific guidelines for AI-generated ad content. Meta, the owner of Instagram and Facebook, does not have similar policies either, though it does have a ban against “<a href="https://about.fb.com/news/2020/01/enforcing-against-manipulated-media/" target="_blank" rel="noreferrer noopener">manipulated media</a>” such as deepfakes—videos that typically use digital alterations to copy someone&#8217;s likeness and convey false information.



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By signing up, you accept and agree to our&nbsp;<a href="https://www.forbes.com/terms-and-conditions" target="_blank" rel="noreferrer noopener">Terms of Service</a>&nbsp;(including the class action waiver and arbitration provisions), and&nbsp;<a href="https://www.forbes.com/privacy" target="_blank" rel="noreferrer noopener">Privacy Statement</a>.



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<a href="https://www.nbcnews.com/tech/tech-news/youtube-will-stop-removing-false-claims-2020-election-fraud-rcna87503" target="_blank" rel="noreferrer noopener">YouTube will stop removing false claims about 2020 election fraud</a>&nbsp;(NBC News)



<a href="https://www.axios.com/2023/09/06/google-ai-election-ads-disclosure" target="_blank" rel="noreferrer noopener">Google to require disclosure for AI in election ads</a> (Axios)

In this photo illustration, a woman holds a smartphone with

Google Will Require Advertisers To Add Disclosures For AI-Generated Election Ads

On a recent working tour of the TechQuest Hub in Lagos, Nigeria, recently, Digital and Innovation Fellows from the African Union (AU) engaged with Charles Emembolu, the Founder and Director of TechQuest STEM Academy who spoke about how innovators organized as one body for the Innovation Support Network (ISN).



Emembolu, speaking in his capacity as the director of ISN, explains: “We have shifted our focus from merely complaining about lack of government support to proactively engaging with them. This shift has led to increased interactions with both federal and state governments.



“Currently, our office is located alongside the National Information Technology Development Agency (NITDA). As a result, we actively participate in any engagement or activities organized by NITDA,” he says.



According to the organizers, the fellowship program, which started accepting applications in 2021, aims to identify and deploy skilled tech innovators within the African continent to various AU headquarters and departments as ‘resident fellows’. Their role is to understand the system within those departments, identify challenges, and propose solutions.



They note the goal is to tackle African challenges by fostering co-creation and building innovative tailor-made products and services by startups and small and medium-sized enterprises (SMEs) across the continent.



According to a recent global startup ecosystem report by Startup Genome, Lagos became the regional leader in ecosystem values and early-stage funding in 2022.



It is home to over 400 startups, representing about 88% of the total number of startups in the country. Lagos led these regions with a total ecosystem value of $8.43 billion, while Nairobi, Johannesburg, Dakar, and Accra received $7 billion, $3 billion, $2 billion, and $1 billion, respectively.



Obi Asika, convener of The Omniverse, a technology and innovation ecosystem platform, emphasizes the need for collaboration across the board to deliver and scale.



Asika, a member of the ISN, highlights: “Digital sovereignty is a significant concern that Africa must address. Omniverse believes that technology can provide the wings needed for everyone to soar. These innovations emerge from the ecosystem, and we anticipate witnessing further developments.”



The Lagos ecosystem visit allowed for interaction with founders and the AU and AfriLabs contingent, and was an opportunity for key stakeholders with aligned interests to engage. It also offered showcasing opportunities for founders.



Founders from across Nigeria who showcased their innovations included Aminu Ibrahim Hashim (Kamel), Christiana Okere (MyStash), Hafsat Sahabi Dange (EasyComply), Dirug Samuel (NorthWave), Joseph Orjinta (EvriSale), Soji Akinlabi (Centre for Digitization of Indigenous African Languages—CDIAL), Osasumwen Asoro (Asoro Automotives), Siro Collins (Advanced Engineering Centre), Ahmed Idris (Adashi), and Michael Osumune (Moon Innovations).



Osumune, Founder of Moon Innovations, shared his experience at the Lagos ecosystem visit and expressed the need for more support from the local community to thrive in the Nigerian startup ecosystem.



He tells FORBES AFRICA: “It&#8217;s been an exciting experience showcasing at the Lagos ecosystem visit, connecting with people and sharing our mission to accelerate digital transformation in Nigeria using solar technology.



“The Nigerian startup ecosystem shows promise with its abundance of bright young minds. However, to thrive, we require more support from the local community, just like the support offered by Lagos ecosystem.”



Similarly, Orjinta, Founder of Blualpha’s EvriSale, pointed out the need for increased funding to assist tech startups in the sales and marketing of their solutions.



“More funding should be provided for most tech startups to support them in sales and marketing of their ready-to-market solutions to their target audience,” he says.



He also laments the fact that “Nigerians are not quick to adopt technologies that they can benefit from”.



Implemented through the German Federal Ministry for Economic Cooperation and Development (BMZ) Commission’s Deutsche Gesellschaft fuer Internationale Zusammenarbeit (GIZ) DataCipation program, the fellowship has already produced 13 fellows. It also supports the AU and its branches in enhancing citizens’ engagement.



In appreciation of the GIZ, the Digital Transformation Center (DTC) Nigeria, and TechQuest STEM Academy, Orjinta considers the meet-up an opportunity to gather tremendous insights from the fellows. He also believes the insights demonstrate the potential for his app to scale and be utilized in AU member countries.

Digital And Innovation Fellows From The African Union Explore Nigeria’s Startup Ecosystem

‘Wings To Soar’:Co-Creation And Collaboration From Nigeria’s Startup Ecosystem

<a href="https://www.forbes.com/"></a>Valued at $2.2 billion in 2021, African money-transfer startup Chipper Cash was slow to adapt to the funding collapse of 2022. Now, after layoffs and a deep valuation cut, it’s focusing on the basics–and profitability.



The layoffs at&nbsp;<a href="https://www.forbes.com/sites/jeffkauflin/2022/06/06/how-two-africans-overcame-bias-to-build-a-startup-worth-billions" target="_blank" rel="noreferrer noopener">Chipper Cash</a>, a five-year-old fintech startup that lets African consumers send money to each other, started slowly. In July 2022, four recruiters were dismissed. Seven quality assurance engineers came next, two months later. On a Sunday night in early December at 12:01 AM, about 50 employees, or slightly more than 10% of the company, received emails in their personal accounts telling them they no longer had jobs, and access to their work computers had been terminated. Staffers were stunned by the abrupt execution of the layoff. “There was shock and disgust,” a former employee says. Then, after another two months, even deeper cuts came: Chipper slashed about 30% of its staff.



It was a dramatic turnabout for a company that included “lead with empathy” as one of its four corporate values and had been&nbsp;<a href="https://www.forbes.com/sites/jeffkauflin/2022/06/06/how-two-africans-overcame-bias-to-build-a-startup-worth-billions/">featured in&nbsp;Forbes</a>&nbsp;as one of the most promising startups in fintech just eight months before.



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In February 2023, Zepz, a U.K.-based international money-transfer company formerly known as WorldRemit, smelled blood and approached Chipper with a take-out offer. Zepz sent a letter of intent saying it would pay between 5% and 10% of its own stock to buy the startup, pending more due diligence. Zepz had been valued at $5 billion in an August 2021 fundraise, but market values for fintech stocks had since dropped by 50%. Even if you thought Zepz was still worth $5 billion, which was doubtful at best, the deal would have valued Chipper at between $250 million and $500 million–a brutal discount to the $2.2 billion valuation it fetched in late 2021.



<blockquote class="wp-block-quote">
“I was fully aware that we were living in a time when capital was cheap. And when capital is cheap, that&#8217;s when you want to do the capital-intensive things.&#8221;— Ham Serunjogi
</blockquote>



The talks broke down. A Zepz spokesperson says the company walked away from the deal because they couldn’t get enough financial information from Chipper, and what they did see made them question the viability of the business. Ham Serunjogi, Chipper’s now 29-year-old CEO, says that Chipper provided all information requested, Zepz refused to share its own financial metrics and Chipper was the one to walk away. “I have never had any intention to go out and look for a buyer or to be acquired,” Serunjogi told us in May, speaking from his office at his home in the San Francisco Bay Area.



In April, Chipper lowered its internal 409A valuation–the market value it uses for issuing employee stock options–by 70%, cutting its common stock share price from about $13 in late 2022 to $3.89, according to a former employee and a document viewed by&nbsp;Forbes. It also raised roughly $25 million in convertible debt, says a person familiar with the financing–debt that will convert to equity at a $450 million valuation if Chipper gets acquired or has another big fundraise.



Chipper’s predicament is emblematic of the challenges many fintech startups face today. In 2020 and 2021, as Covid pushed more transactions online and consumers flocked to fintech apps, startups and their backers acted like the fast growth and good times would continue for years. Chipper, which offers low-cost money transfers, bill payment, stock investing and crypto trading for consumers in Africa, plus payment services for businesses there, had amassed five million registered users in seven countries, including Uganda, Ghana and Nigeria, in just the four years after its founding. It booked more than $75 million in revenue in 2021 (excluding cryptocurrency transactions), according to the company, and between $100 and $150 million in 2022, says a person familiar with its finances, compared with $18 million in 2020.



Serunjogi was pursuing a land-grab, growth-at-all-costs strategy, aiming “to capture as much market share and new geographical footprint as possible. And that&#8217;s an expensive endeavor,” he admits. Then as interest rates rose and the stock market sank, investors put away their checkbooks. Profitability suddenly became more important than growth.



Now Chipper is trying to dramatically cut costs and change its strategy while preventing employees from thinking they’re on a sinking ship. “I feel like I’ve grown up so much in the last 12 months,” Serunjogi says.



He has wrestled with the emotional toll of layoffs and a feeling that his employees weren’t taking their jobs seriously enough. In January, he decided to eliminate “lead with empathy” as one of Chipper’s four corporate values. “It was becoming a substitute for accountability,” he says. As he tries to turn the company around, he faces the tough task of still striving for rapid growth–and getting close to profitability–on a much tighter budget.



<hr class="wp-block-separator has-alpha-channel-opacity"/>



Serunjogi grew up in&nbsp;Uganda, and while in high school he saw the problems his dad faced trying to move money through Africa’s disjointed banking system. A couple of years later, he enrolled at Grinnell, a small liberal arts college in Iowa, where he met Maijid Moujaled, a Ghanaian computer science major. The two soon began talking about developing an app that could become a Venmo for Africa.



They cofounded Chipper in 2018 and eventually raised $300 million in funding from investors including FTX, Ribbit Capital and Bezos Expeditions. Serunjogi spent aggressively to grow his customer base because of the nature of the money-transfer business: if you’re a consumer in Nigeria, you’d rather be able to send money to twenty different countries than two. “I was fully aware that we were living in a time when capital was cheap. And when capital is cheap, that&#8217;s when you want to do the capital-intensive things,” he says.



At the end of 2021, Chipper created its 2022 financial plan and intended to keep burning through large sums of cash, assuming capital would still be abundant. As tech stocks tumbled through the spring of 2022, Chipper began revising its plans. But while&nbsp;<a href="https://www.forbes.com/sites/jeffkauflin/2022/07/28/in-fintech-2022-is-becoming-the-year-of-layoffs" target="_blank" rel="noreferrer noopener">many fintech companies started doing layoffs that summer</a>, Serunjogi and Moujaled held out.



Serunjogi focused on driving Chipper as fast as possible–one way he tried to do that was by keeping the board small. Though he insists he has a large group of advisors, Chipper only had (and still has) just three voting board members: Serunjogi, Moujaled and Dan Kimerling, who runs fintech-focused venture capital firm Deciens. Similar-stage startups usually have five or more. “At the early stage of a business, the founders’ vision still has a premium. You&#8217;re trying to execute on something you uniquely see,” Serunjogi says.



By mid-2022, Serunjogi wanted to slow down expansion, but he concluded Chipper had already progressed so far on some projects that it would be too costly or wasteful to abandon them. One example: The company had already done much regulatory legwork to launch money transfers simultaneously in 10 new nations, each with its own set of legal requirements. So it charged ahead anyway with the big rollout over a two-week period in the fall of 2022.



When asked whether he chases too many goals at once, Serunjogi says, “If you set a goal of 10 versus a goal of 100, you will get to 9 out of 10, and you&#8217;ll get to 90 out of 100 … I strongly believe in setting stretch goals–that has been my style.”



Chipper hired about 150 employees in 2022, hitting almost 450 at its peak size. It spent aggressively on marketing, paying spokespeople like&nbsp;<a href="https://www.youtube.com/watch?v=SqkjPTzP_6Y" target="_blank" rel="noreferrer noopener">Burna Boy</a>, Africa’s most streamed artist, to appear in ads. Within the fintech industry and in Africa, Chipper was gaining attention. In the middle of last year,&nbsp;Forbes&nbsp;published an article chronicling&nbsp;<a href="https://www.forbes.com/sites/jeffkauflin/2022/06/06/how-two-africans-overcame-bias-to-build-a-startup-worth-billions" target="_blank" rel="noreferrer noopener">Chipper’s founding story and fast growth</a>.



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When crypto exchange&nbsp;FTX collapsed suddenly last November, the mood inside Chipper grew much darker, former employees say. Sam Bankman-Fried’s company had been a major investor in Chipper’s 2021 mega funding round, and staffers found the situation deeply unsettling. It also exacerbated the bear market for the digital asset industry and dampened interest in something that had been helping Chipper attract new users: crypto investing.



With marketing efforts drastically reduced, Chipper saw its number of active users shrink in 2022, according to a former employee, and though it had more than five million registered users, only about one million of them were engaging with the app monthly, the company says. Serunjogi admits Chipper has seen a dip in usage and attributes it to Chipper’s raising prices on money transfers and other features to focus more on profitability. He says that new-user signups and “people who use multiple products” still “continue to fare quite well.”



Chipper will soon start offering U.S. dollar-denominated accounts to African customers to try to entice more users. Serunjogi says receiving international payments has been one of the most requested features, particularly for freelancers earning a living online. While crypto was once a major growth driver for Chipper, the startup seems to be going back to basics. “We’re essentially giving anyone access to one of the most trusted currencies in the world,” he says.



On top of spiking interest rates and a dormant funding market, Chipper has been facing another macroeconomic headwind: the naira, Nigeria’s currency that Chipper needs to hold to enable customers’ money transfers, has dramatically declined in value. It had been falling since early 2020, and in the second half of 2022 it lost another 8%, ultimately contributing to a negative gross profit margin for Chipper, an unusual financial profile for a company of its size. Today Serunjogi says Chipper has a positive gross margin.



<hr class="wp-block-separator has-alpha-channel-opacity"/>



When the fintech market&nbsp;recovers from its deep downturn, entrepreneurs’ approaches to layoffs will likely turn out to have had a major impact on startups’ survival and trajectory. At Chipper, Serunjogi and Moujaled have done at least five sets of layoffs over the past 13 months. Judging by the frequency and increasing depth of the cuts compared with those of other major fintechs, Chipper waited too long to get lean.



“Layoffs were agonizing decisions. That is the stuff that kept me up at night,” Serunjogi says. “It’s like a piece of your humanity dies … Imagine having a conversation with people who you really like, who are very good, who made sacrifices for the business to be where it is today. They depend on that income. And you tell that person, ‘I have to cut you.’ And they have a family to look after.”



Why didn’t he opt for a smaller number of deeper cuts to get them over with faster? “These are human beings we’re talking about,” he says. “If I can save someone&#8217;s job, I&#8217;m going to try to find a way to save it until clearly it doesn&#8217;t make sense to be saved.” He adds that some international rules require companies to do layoffs over a period of three months, which drags out the process.



Some former Chipper employees think Serunjogi has botched the communication of bad news over the past year. For instance, after layoffs began, workers started asking questions about revenue and how much cash was left in the bank at company-wide meetings. Serunjogi often responded to the effect of, “Why do you guys keep asking this? You don’t need to know,” according to a former employee. Another staffer felt Chipper became a “very secretive environment.”



“We have various responsibilities and confidentiality we have to maintain in running a business,” Serunjogi says. “In all our all-hands meetings we used to show revenue, revenue growth by product, et cetera–until people started leaking it. We would start to see these things showing up in the press,” he says, chuckling.



He started to believe employees felt too entitled and weren’t taking their jobs seriously enough. That led him to remove the “lead with empathy” corporate value–he thought people were using it to excuse mediocre performance. Chipper replaced it with “be customer obsessed.”



<blockquote class="wp-block-quote">
“Don’t mistake the early successes we’ve had with ‘we’ve made it.’ No, we can still die.”— Ham Serunjogi
</blockquote>



“If you make a mistake, I have to come down hard on you, because the consequences for all of us are that much greater [at a startup],” Serunjogi says. “Don’t mistake the early successes we’ve had with ‘we’ve made it.’ No, we can still die.” He admires Bill Gates for working all the time and not taking vacation during Microsoft’s early days, and he appreciated&nbsp;<a href="https://www.forbes.com/sites/edwardsegal/2022/11/17/elon-musks-ultimatum-to-twitter-employees-ramps-up-companys-crisis/">Elon Musk’s November 2022 ultimatum to Twitter employees</a>&nbsp;that staying at the company would require “extremely hardcore” work and long hours.



In the spring of 2023, some employees began saying Chipper had just ten months of cash left in the bank, with one posting it in&nbsp;<a href="https://www.glassdoor.com/Reviews/Employee-Review-Chipper-Cash-RVW75333016.htm" target="_blank" rel="noreferrer noopener">a Glassdoor review</a>. People inside the startup were asking how it could have blown through the $300 million it raised, according to a former engineering manager.



Regarding Chipper’s rumored short runway, “I genuinely don&#8217;t know why and who would say something like that,” Serunjogi says, expressing frustration that anyone would discuss internal company matters publicly. “We have a tremendous amount of money on our balance sheet, so we’re fine,” he told us in late May.



<hr class="wp-block-separator has-alpha-channel-opacity"/>



Serunjogi doesn’t like talking&nbsp;much about the specifics of what he would have done differently if he could do it all again. When asked the question multiple times, he told us, “We are laying the foundation for what is going to make us successful over the next 10 or 20 years. I obsess less about what was happening in the last six months or three months or 12 months.” He concedes there are many things he’d do differently but demurs from spelling them out and says, “We are one of the most successful companies in Africa.”



What is clear: Chipper has cut nearly 175 people and scrapped plans to expand into Europe and the Middle East for now, since entering a new country takes months of work–it requires hiring lawyers and consultants and sometimes staffing at least 10 people in a new nation. It has refocused on Africa, cutting many U.S. employees who sit thousands of miles away from its customers. Serunjogi plans to hire fewer than 50 people this year. The marketing budget has been “meaningfully scaled back,” Serunjogi says, and he claims the company is “about to be profitable.”



Somehow, when asked to reflect on the past year, the young entrepreneur always comes back with a positive spin. “What we’ve achieved so far–if I went back and started the whole thing again, I would be very happy to come back to that same exact point.”

Ham Serunjogi and Maijid Moujaled by Ethan Pines for Forbes 130L-03-0027

Inside Chipper Cash’s Grueling Battle To Survive The Fintech Winter

Food waste costs grocery stores $28 billion every year. Afresh is working to slash that number.



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Albertsons&nbsp;wants to sell fresh raspberries. Not raspberries that are mushy. Or moldy. Or that will be inedible the day after you stick them in your fridge. But raspberries that are red and juicy and delicious.



It’s astonishingly difficult to pull off. In the past, store managers were essentially making their best guess when deciding how much to order. Too little, and the customer walks away empty-handed. Too much, and the raspberries end up sitting around for too long and go bad.



“Previously, produce ordering was a manual process, which meant stores were more likely to inaccurately estimate the type and amount of produce customers would buy,” said Suzanne Long, chief sustainability officer for Albertsons.



Boise, Idaho-based Albertsons, one of the nation&#8217;s largest grocers with $78 billion in annual revenue, began using artificial intelligence software across stores last year from a startup called Afresh Technologies to help it forecast demand and place orders for the type of food that tends to spoil the fastest, like bananas, bell peppers and bagged salads. Albertsons is now placing more frequent&nbsp;orders for smaller quantities.



“We’re trying to have full shelves and an empty backroom when the next truck comes in,” said Afresh CEO Matt Schwartz.



San Francisco-based Afresh, started in 2017, is still a nascent business –&nbsp;Forbes&nbsp;estimates that its revenue last year was under $10 million – but it’s growing fast. With $150 million in equity funding from Spark Capital, Insight Partners and other top VCs, Afresh has rolled out its software at 3,300 stores that include Albertsons (whose stores represent the majority of its business), WinCo Foods and Save Mart. Supermarket employees wielding iPads punch in how many apples, heads of broccoli and cherry tomatoes they have left on shelves and then review automated suggestions for how much to order.



More grocery stores are adopting this type of technology in an effort to cut down on how much food they toss each year, an amount that totals $28 billion, according to estimates from ReFED, a nonprofit that tracks food waste. Since stores tend to err on the side of ordering too much, they throw away about 5% to 6% of fresh food, Schwartz said. Rates can be twice that among prepared foods. In addition to being bad for the environment, it’s bad for business because it means lost sales and crimped profits.



Afresh CEO Matt SchwartzAFRESH



Afresh says that its customers typically reduce food waste by one quarter, which can lift operating margins in the produce category by 40% and deliver tens of millions, or even hundreds of millions, in profit. “We tell chief financial officers, ‘You’re going to smash your numbers,’” said Schwartz.



That’s a welcome message at a time when grocery stores, which have notoriously thin profit margins, are grappling with the rising cost of food. Albertsons, whose brands include Safeway, Vons and Jewel-Osco and which&nbsp;<a href="https://www.nytimes.com/2023/01/23/business/kroger-albertsons-merger.html" target="_blank" rel="noreferrer noopener">has announced plans to merge</a>&nbsp;with Kroger, rolled out the software across nearly all 2,200 of its stores last year. The company has said that its goal is to&nbsp;<a href="https://www.albertsonscompanies.com/our-impact/planet/food-waste/default.aspx" target="_blank" rel="noreferrer noopener">eliminate food waste going to landfills</a>&nbsp;by 2030. “If you can pick up three to five points of gross margin with this thing without having to raise prices, that is huge,” said Walter Robb, the former CEO of Whole Foods, who has invested in Afresh.



To assist with orders, the startup makes sense of a jumble of data to forecast demand better than any human can. It starts with the history of how an item has sold over the past several years, folding in sales data on a daily basis. It then factors in anything that may affect demand, such as upcoming promotions, weather, holidays and the day that food stamps are doled out. Internal estimates attempt to account for the unforgiving shelf life of finicky items like avocados and peaches, which a store is always racing against the clock to sell.



This is a big improvement over an employee going product by product, using their judgment to figure out how many Gala apples to order versus Honeycrisp and Fuji and Pink Lady and Granny Smith.



It means that fruits and veggies are not sitting around for nearly as long at grocers like Cub, a Minnesota chain with 100 stores, which is moving produce in and out of its stores 7% faster than before. The retailer has also seen a nice 2.5% boost in sales from improving its in-stock levels.



“Remember that retailing is all about having the right product at the right price at the right time,” said Robb. “This is a tool to make that happen.”



The backroom of a Cub grocery store before they started working with Afresh (left) and after.AFRESH



The stakes are high in the fresh section of a grocery store, which tends to be a big traffic driver, especially for return trips. Improving the quality and selection of fresh foods has been a major priority for Albertsons, which sees it as a way to boost sales and steal market share from competitors. “The fresh portfolio really, really matters,” Albertsons CEO Vivek Sankaran said in a quarterly earnings call last month.



Schwartz, 33, a former Bain consultant with an MBA from Stanford, started Afresh six years ago after learning how much fresh food grocery stores were throwing away, and how little technology existed to address the problem. Schwartz has always been a health nut, who practiced intermittent fasting and designed meal and workout plans for friends. Early in his career, he’d worked at Simple Mills, which makes crackers, cookies and other snacks with alt-ingredients like almond flour and coconut sugar.



Afresh charges each store department hundreds of dollars per month to use its software. It says it has prevented 43 million pounds of food from being thrown away since inception.



“This technology is one of a small handful we’re seeing really take off,” said Dana Gunders, executive director of ReFED.



As AI-powered ordering gains wider adoption, it&nbsp;<a href="http://pacificcoastcollaborative.org/wp-content/uploads/2022/12/PCFWC-Case-Study_AI_Final.pdf" target="_blank" rel="noreferrer noopener">could help cut food waste at the store level in half by 2030</a>, according to the Pacific Coast Collaborative, a multi-state governmental initiative to reduce greenhouse gas. Similar technology is sold by companies like Shelf Engine, which signed up Kroger as a customer but subsequently laid off a significant portion of its staff.



Afresh is now signing up more stores and expanding beyond produce with existing customers. This year, it expects to go into another 7,500 departments, which includes new forays into the meat and seafood counters, the deli and the prepared foods section. It is also introducing more tools for grocery stores, like one that helps employees complete monthly inventory checks.



The company now assists with ordering a tenth of all produce sold in America, said Schwartz. “We plan to be preventing over 100 million pounds of food waste per year very shortly,” he said.

E-commerce augmented reality marketing in supermarket mobile phone app AI artificial intelligence

This AI Startup Has Saved Grocers From Tossing Millions Of Pounds Of Food

<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



Google and Universal Music Group are discussing whether to license artists’ melodies and vocals for AI-generated music, <a href="https://www.ft.com/content/6f022306-2f83-4da7-8066-51386e8fe63b?list=intlhomepage" target="_blank" rel="noreferrer noopener">according</a> to the Financial Times, following a recent trend of music produced by artificial intelligence that has faced backlash—and support—from music labels and artists.



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



Universal Music—which represents artists like Drake, Ariana Grande and Taylor Swift—and Google are working to develop a tool for users to create AI-generated music using an artist’s voice, lyrics or sounds, the&nbsp;Financial Times&nbsp;<a href="https://www.ft.com/content/6f022306-2f83-4da7-8066-51386e8fe63b?list=intlhomepage" target="_blank" rel="noreferrer noopener">reported</a>.



A deal would pay copyright holders for the right to create the music, while artists would have the choice to opt in.



Warner Music Group is also discussing a similar product with Google, according to the&nbsp;Times.



Neither Google nor Universal Music immediately responded to requests for comment from&nbsp;Forbes.



<h2 class="wp-block-heading" id="h-crucial-quote">CRUCIAL QUOTE</h2>



Warner Music CEO Robert Kyncl&nbsp;<a href="https://investors.wmg.com/events/event-details/q3-2023-warner-music-group-earnings-conference-call" target="_blank" rel="noreferrer noopener">said</a>&nbsp;during the company’s earnings call Tuesday that “with the right framework in place” artificial intelligence would be able to “enable fans to pay their heroes the ultimate compliment through a new level of user-driven content.”



<h2 class="wp-block-heading" id="h-chief-critic">CHIEF CRITIC</h2>



Drake voiced his opposition to AI-produced music earlier this year after he was featured in several deepfakes,&nbsp;<a href="https://www.billboard.com/music/rb-hip-hop/drake-reacts-ice-spice-munch-ai-1235303454/" target="_blank" rel="noreferrer noopener">suggesting</a>&nbsp;after one song was released: “This is the last straw.” Sting said there was “going to be a battle” between “human capital” and AI, which he said “doesn’t impress me at all,”&nbsp;<a href="https://www.bbc.com/news/entertainment-arts-65627089" target="_blank" rel="noreferrer noopener">according</a>&nbsp;to the BBC.



<h2 class="wp-block-heading" id="h-contra">CONTRA</h2>



Several artists have supported the development of AI-generated music, including Grimes, who&nbsp;<a href="https://www.rollingstone.com/music/music-features/grimes-drake-the-weeknd-ai-music-1234726521/" target="_blank" rel="noreferrer noopener">said</a>&nbsp;anyone could create songs using her voice “without penalty” as long as she receives a 50% split on royalties. Paul McCartney&nbsp;<a href="https://www.forbes.com/sites/roberthart/2023/06/13/ai-you-need-is-love-artificial-intelligence-helps-create-final-beatles-song-paul-mccartney-says/?sh=4c263c571275">announced</a>&nbsp;in June a new Beatles song would be released later this year, after McCartney said AI was used to “extricate” John Lennon’s voice from an old demo tape to create “the final Beatles record.”



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



Regulations and restrictions for music generated by artificial intelligence have increased in recent months. Universal Music sent a&nbsp;<a href="https://www.ft.com/content/aec1679b-5a34-4dad-9fc9-f4d8cdd124b9" target="_blank" rel="noreferrer noopener">letter</a>&nbsp;to streaming services in April requesting they prevent AI programs from accessing its platforms to train on copyrighted lyrics and melodies. Universal Music general counsel Jeffrey Harleston&nbsp;<a href="https://www.youtube.com/watch?v=uoCJun7gkbA&amp;ab_channel=CNBCTelevision" target="_blank" rel="noreferrer noopener">said</a>&nbsp;during a Senate hearing last month that “an artist’s voice is often the most valuable part of their livelihood and public persona.” The U.S. Copyright Office noted it will only offer copyright to works “created by a human being” and not “register works produced by a machine.” Google&nbsp;<a href="https://blog.google/technology/ai/musiclm-google-ai-test-kitchen/" target="_blank" rel="noreferrer noopener">released</a>&nbsp;an experimental AI tool for created music in May, which develops a song based on a text prompt. Meta&nbsp;<a href="https://www.forbes.com/sites/irenebenedicto/2023/08/02/meta-launches-tool-to-create-music-using-ai-heres-what-to-know/?sh=41419a9e444d">released</a>&nbsp;its own AI tool for creating music earlier this month, which is trained on 20,000 hours of licensed music owned by Meta.



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<a href="https://www.ft.com/content/6f022306-2f83-4da7-8066-51386e8fe63b?list=intlhomepage" target="_blank" rel="noreferrer noopener">Google And Universal Music Negotiate Deal Over AI ‘Deepfakes’</a>&nbsp;(Financial Times)



<a href="https://www.forbes.com/sites/irenebenedicto/2023/08/02/meta-launches-tool-to-create-music-using-ai-heres-what-to-know/?sh=41419a9e444d">Meta Launches Tool To Create Music Using AI—Here’s What To Know</a>&nbsp;(Forbes)



<a href="https://www.forbes.com/sites/ariannajohnson/2023/05/03/ai-generated-music-is-here-sung-by-stars-like-drake-and-ariana-grande-but-it-may-be-very-illegal/?sh=612b5343aa32">AI-Generated Music Is Here—‘Sung’ By Stars Like Drake And Ariana Grande—But It May Be Very Illegal</a> (Forbes)

Headphones, Amplifying Equipment, Studio Audio Mixer Knobs And Faders. Sound Engineering Equipment. Selective Focus. The photo is covered with sand and noise. Wireless and electronic technologies. Equipment in a nightclub, on television, radio studio.

Google And Universal Music Group Negotiating AI-Generated Music Tool, Report Says

<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



Bot accounts and tweets from Twitter owner Elon Musk amplified the prices of FTX-listed cryptocurrencies, according to a Network Contagion Research Institute&nbsp;<a href="https://networkcontagion.us/wp-content/uploads/NCRI_FTXReport.pdf" target="_blank" rel="noreferrer noopener">study published Wednesday</a>, which took a close look at the sort of spam accounts that&nbsp;<a href="https://www.wsj.com/articles/elon-musks-twitter-vs-bad-bots-the-battle-goes-on-d25ce0ab" target="_blank" rel="noreferrer noopener">Musk recently claimed</a>&nbsp;have been mostly tamed.



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



Researchers examined more than 3 million tweets about 18 cryptocurrencies from January 1, 2019 to January 27, 2023, a time range that includes Twitter activity before, during and slightly after Musk’s $44 billion acquisition of the platform.



Using Botometer, a service that checks the activity of Twitter accounts and gives them a score based on how likely they are to be bots, researchers found that out of a total of 182,105 unique accounts that tweeted about FTX-listed coins, 172,451 accounts were given “bot” scores.



Researchers said the bots aided in pumping the price of crypto coins traded by insiders of defunct Alameda Research, a hedge fund and sister firm of Sam Bankman-Fried’s FTX platform—a cryptocurrency exchange that went bankrupt in November.



Following promotional tweets by FTX’s official Twitter account, researchers found “activity for the coins grew increasingly inauthentic over time,” with bot-like comments growing and accounting for about half of the total chatter about the 18 coins.



The study also concluded that tweets by Musk mentioning altcoins, such as PEPE and PSYOP, created considerable price spikes for the cryptocurrencies.



Researchers cited a May 13&nbsp;<a href="https://twitter.com/elonmusk/status/1657318313532313600?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1657318313532313600%7Ctwgr%5E5eb9c00b8a13cb78a726136639f2a12d3adb3131%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fco" target="_blank" rel="noreferrer noopener">tweet from Musk</a>&nbsp;that featured a Pepe the Frog meme that contributed to a more than 50% increase in the price of PEPE within 24 hours, with price action being fueled by “a combination of both authentic and inauthentic bot-driven activity.”



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<h2 class="wp-block-heading" id="h-surprising-fact">SURPRISING FACT</h2>



The study did not directly link FTX or Alameda as being responsible for the bot accounts, but did note that FTX’s promotional tweets may have boosted bot engagement on coin chatter.



<h2 class="wp-block-heading" id="h-big-number">BIG NUMBER</h2>



<a href="https://www.wsj.com/articles/elon-musks-twitter-vs-bad-bots-the-battle-goes-on-d25ce0ab" target="_blank" rel="noreferrer noopener">90%</a>. That is the percentage of scams on Twitter that Musk said in June had been eliminated from the platform, which has since been rebranded to X. However, the billionaire business owner has yet to provide data backing the claim.



<h2 class="wp-block-heading" id="h-crucial-quote">CRUCIAL QUOTE</h2>



“Since Musk’s team took over Twitter last year, API changes were made to deter bot creation, possibly reducing crypto promotion and scams,” Alex Goldenberg, lead intelligence analyst for NCRI, said in an&nbsp;<a href="https://www.cnbc.com/2023/08/02/elon-musk-tweets-twitter-bots-boosted-ftx-listed-crypto-researchers.html?__source=sharebar%7Ctwitter&amp;par=sharebar" target="_blank" rel="noreferrer noopener">interview with CNBC</a>, which first reported the study. “However, these changes come with trade-offs as they also hinder independent audits by third-party researchers.”



<h2 class="wp-block-heading" id="h-forbes-valuation">FORBES VALUATION</h2>



We estimate Musk’s net worth at&nbsp;<a href="https://www.forbes.com/profile/elon-musk/?sh=58ff69fc7999">$232.7 billion</a>&nbsp;as of Wednesday, making him the world’s wealthiest person.



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



Prior to his acquisition of Twitter,&nbsp;<a href="https://twitter.com/elonmusk/status/1517215066550116354" target="_blank" rel="noreferrer noopener">Musk claimed</a>&nbsp;he would “defeat the spam bots or die trying!” Since then, bots on the social media platform&nbsp;<a href="https://www.businessinsider.com/twitter-linda-yaccarino-elon-musk-exterminate-bots-2023-6" target="_blank" rel="noreferrer noopener">have persisted</a>, though it is unclear how many bots are on the site as of today. Before Musk’s acquisition of Twitter,&nbsp;<a href="https://insights.som.yale.edu/insights/is-elon-musk-right-about-the-bot-problem-on-twitter" target="_blank" rel="noreferrer noopener">Yale researchers</a>&nbsp;found the prevalence of active bots on the site varied from 1% to 14%. “In a study of the first impeachment of Donald Trump, we found that bots were 1% of the active users, but posted 31% of the tweets,” a Yale associate professor wrote in&nbsp;<a href="https://insights.som.yale.edu/insights/is-elon-musk-right-about-the-bot-problem-on-twitter" target="_blank" rel="noreferrer noopener">an article</a>&nbsp;about Twitter bots. Musk&nbsp;<a href="https://www.wsj.com/articles/elon-musks-twitter-vs-bad-bots-the-battle-goes-on-d25ce0ab" target="_blank" rel="noreferrer noopener">claimed in June</a>&nbsp;at least 90% of the fake accounts littered throughout Twitter were eliminated. However, researchers found bots were still easy to find on the app, with an assistant professor of computer science at Princeton University telling the&nbsp;<a href="https://www.wsj.com/articles/elon-musks-twitter-vs-bad-bots-the-battle-goes-on-d25ce0ab" target="_blank" rel="noreferrer noopener">Wall Street Journal</a>&nbsp;that “bad bots remain pervasive on Twitter.”



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<a href="https://www.forbes.com/sites/sarahemerson/2023/03/29/sam-bankman-fried-legal-fees-funded-by-alameda-money-gifted-to-father-joe-bankman/?sh=69a1063f5757">Sam Bankman-Fried’s Legal Defense Is Being Funded With Alameda Money He Gifted His Father</a>&nbsp;(Forbes)



<a href="https://www.forbes.com/sites/darreonnadavis/2023/06/02/what-happened-to-ftx-the-crypto-exchange-funds-collapse-explained/?sh=235bce7b3cb7">What Happened To FTX? The Crypto Exchange Fund’s Collapse Explained</a> (Forbes)

Elon Musk Makes Twitter Account Private

Elon Musk Tweets And Bots Boosted Price Of Altcoins Listed On FTX, Study Suggests

New MoU signed between Central Bank of Nigeria and Central Bank of Egypt to boost fintech innovations.



The Central Bank of Nigeria (CBN) and Central Bank of Egypt (CBE) are enhancing fintech innovation and collaboration between their African powerhouse economies, Nigeria and Egypt.



At the Seamless North Africa 2023 conference this month in Egypt’s capital Cairo, the apex banks signed a Memorandum of Understanding to establish a Nigeria-Egypt fintech bridge.



Aishah Ahmad, Deputy Governor of the CBN, said at the signing that months of engagement on payments, fintech, and financial inclusion paved the way for the collaboration.



“We look forward to cultivating an innovative space for fintech startups and entrepreneurs in Egypt and Nigeria to accelerate financial inclusion, deepen our payment systems and drive economic growth across the African continent,&#8221; she said.



The growth of fintech in both Nigeria and Egypt is part of a larger trend of its development in Africa.



According to a 2022 McKinsey report, each of the two countries is expected to show a growth rate of 12% per annum, until 2025, forming part of the 11 key markets.



A research paper, An Overview of Fintech Evolution in Nigeria, highlights that Nigeria&#8217;s fintech landscape has over 200 startups, with key stakeholders such as banks, telecom companies, and the government.



According to the CBE, the number of technology companies that offered fintech services in Egypt grew five-fold to 177 in 2022 from 32 in 2017.



Industry experts view the collaboration as a game-changer for the global remittance space and cross-border trade in Africa, encompassing a wide array of initiatives, including joint regulatory innovation projects, coordinated licensing and supervisory frameworks, information sharing, fintech cross referrals, and talent development.



Tomisin Salam, the CEO of FiatMatch Inc, tells FORBES AFRICA: &#8220;The partnership will unlock new opportunities for businesses, attract fresh investment, and streamline the efficiency of fintech companies in Africa.



&#8220;With China and Saudi Arabia already transacting in their local currencies, this move sets a commendable precedent for other African states to follow suit, and potentially increase the demand for local currencies in the continent,&#8221; says Salam.

Image supplied by Central Bank of Nigeria

Fintech Bridge To Unlock New Opportunities Between Two Powerhouse African Economies

Chatbots are increasingly being used by companies to interview and screen job applicants, often for blue collar jobs. But like other algorithmic hiring tools before them, experts and job applicants worry these tools could be biased.



In early June, Amanda Claypool was looking for a job at a fast-food restaurant in Asheville, North Carolina. But she faced an unexpected and annoying hurdle: glitchy chatbot recruiters.



A few examples: McDonald’s chatbot recruiter “Olivia” cleared Claypool for an in-person interview, but then failed to schedule it because of technical issues. A Wendy’s bot managed to schedule her for an in-person interview but it was for a job she couldn&#8217;t do. Then a Hardees chatbot sent her to interview with a store manager who was on leave — hardly a seamless recruiting strategy.



“I showed up at Hardees and they were kind of surprised. The crew operating the restaurant had no idea what to do with me or how to help me,” Claypool, who ultimately took a job elsewhere, told&nbsp;Forbes.&nbsp;“It seemed like a more complicated thing than it had to be,” she said. (McDonald’s and Hardees didn’t respond to a comment request. A Wendy’s spokesperson told Forbes the bot creates “hiring efficiencies,” adding “innovation is our DNA.”)



HR chatbots like the ones Claypool encountered are increasingly being used in industries like healthcare, retail and restaurants to filter out unqualified applicants and schedule interviews with the ones who might be right for the job. McDonalds, Wendy’s, CVS Health and Lowes use&nbsp;<a href="https://www.paradox.ai/solutions/restaurant" target="_blank" rel="noreferrer noopener">Olivia</a>, a chatbot developed by Arizona-based $1.5 billion AI startup Paradox. Other companies like L’Oreal rely on&nbsp;<a href="https://www.cnn.com/2019/04/29/tech/ai-recruitment-loreal/index.html" target="_blank" rel="noreferrer noopener">Mya</a>, an AI chatbot developed in San Francisco by a startup of the same name. (Paradox didn’t respond to a comment request about Claypool’s experience.)



Most hiring chatbots are not as advanced or elaborate as contemporary conversational chatbots like ChatGPT. They’ve primarily been used to screen for jobs that have a high-volume of applicants — cashiers, warehouse associates and customer service assistants. They are rudimentary and ask fairly straightforward questions: “Do you know how to use a forklift?” or “Are you able to work weekends?” But as Claypool found, these bots can be buggy — and there isn’t always a human to turn to when something goes wrong. And the clear-cut answers many of the bots require could mean automatic rejection for some qualified candidates who might not answer questions like a large language model wants them to.



That could be a problem for people with disabilities, people who are not proficient in English and older job applicants, experts say. Aaron Konopasky, senior attorney advisor at the U.S. Equal Employment Opportunity Commission (EEOC), fears chatbots like Olivia and Mya may not provide people with disabilities or medical conditions with alternative options for availability or job roles. “If it&#8217;s a human being that you&#8217;re talking to, there&#8217;s a natural opportunity to talk about reasonable accommodations,” he told Forbes. “If the chatbot is too rigid, and the person needs to be able to request some kind of exemption, then the chatbot might not give them the opportunity to do that.”



<blockquote class="wp-block-quote">
“It&#8217;s sort of like how Netflix recommends movies based on other movies you like.”Jeremy Schiff, CEO and founder of RecruitBot
</blockquote>



Discrimination is another concern. Underlying prejudice in data used to train AI can bake bias and discrimination into the tools in which it&#8217;s deployed. “If the chatbot is looking at things like how long it takes you to respond, or whether you’re using correct grammar and complex sentences, that&#8217;s where you start worrying about bias coming in,” said Pauline Kim, a employment and labor law professor at Washington University, whose research focuses on the use of AI in hiring tools. But such bias can be tough to detect when companies aren&#8217;t transparent about why a potential candidate was rejected.



Recently, government authorities have introduced legislation to monitor and regulate the use of automation in hiring tools. In early July,&nbsp;<a href="https://www.wsj.com/articles/new-york-city-starts-to-regulate-ai-used-in-hiring-tools-79a2260f?mod=djemalertNEWS" target="_blank" rel="noreferrer noopener">New York City</a>&nbsp;enacted a new law requiring employers who use automated tools like resume scanners and chatbot interviews to audit their tools for gender and racial bias. In 2020,&nbsp;<a href="https://www.bakersterchi.com/new-illinois-statute-among-the-first-to-address-aiaided-job-recruiting" target="_blank" rel="noreferrer noopener">Illinois</a>&nbsp;passed a law requiring employers who apply AI to analyze video interviews to notify applicants and obtain consent.



Still, for companies looking to trim recruiting costs, AI screening agents seem an obvious option. HR departments are often one of the first places to see staff reductions, said Matthew Scherer, a senior policy counsel for workers’ rights and technology at the Center for Democracy and Technology. “Human resources has always been a cost center for a company, it&#8217;s never been a revenue generating thing,” he explained. “Chatbots are a very logical first step to try and take some of the load off of recruiters.”



That’s part of the rationale behind Sense HQ, which provides companies like Sears, Dell and Sony with text messaging-based AI chatbots that help their recruiters wade through thousands of applicants. The company claims it’s already been used by some 10 million job applicants, and co-founder Alex Rosen told&nbsp;Forbes&nbsp;such numbers mean a much bigger pool of viable candidates.



“The reason that we built a chatbot in the first place was to help recruiters talk to a wider swath of candidates than they might be able to do on their own,” he said, adding the obligatory caveat: “We don&#8217;t think that the AI should be making the hiring decision on its own. That’s where it gets dangerous. We just don&#8217;t think that it&#8217;s there yet.”



RecruitBot is bringing AI to bear on hiring by using machine learning to sift through a database of 600 million job applicants scraped from LinkedIn and other job marketplaces — all with the goal of helping companies find job candidates similar to their current employees. &#8220;It&#8217;s sort of like how Netflix recommends movies based on other movies you like,” CEO and founder Jeremy Schiff told&nbsp;Forbes.&nbsp;But here too bias is an obvious concern; hiring more of the same has its pitfalls. In 2018,&nbsp;<a href="https://www.reuters.com/article/us-amazon-com-jobs-automation-insight-idUSKCN1MK08G" target="_blank" rel="noreferrer noopener">Amazon</a>&nbsp;removed its machine learning-based resume tracking system that discriminated against women because its training data was mostly composed of resumes of men.



<blockquote class="wp-block-quote">
“Chatbots are a very logical first step to try and take some of the load off of recruiters.”Matthew Scherer, senior policy counsel at the Center for Democracy and Technology
</blockquote>



Urmila Janardan, a policy analyst at Upturn, a nonprofit which researches how technologies impact opportunities for people, noted that some companies have also turned to personality tests to weed out candidates — and the questions to screen candidates may not be related to the job at all. “You might even be potentially rejected from the job because of questions about gratitude and personality,” she said.



For Rick Gned, a part-time painter and writer, a personality quiz was part of a chatbot interview he did for an hourly-wage shelf-stacking job at Australian supermarket, Woolworths. The chatbot, made by AI recruitment firm Sapia AI (formerly known as PredictiveHire), asked him to provide 50- to 150-word answers for five questions and then analyzed his responses, looking for&nbsp;<a href="https://sapia.ai/products/interview/" target="_blank" rel="noreferrer noopener">traits</a>&nbsp;and skills that match the recruiters’ preferences. Concluding that Gned “deals well with change,” and is “more focused on the big picture that causes him to look over details,” it advanced him to the next round interview. While Sapia AI does not require applicants to respond to questions under a time limit, the system measures sentence structure, readability and complexity of words used in the text responses, Sapia AI CEO and cofounder Barb Hyman said in an email.



Gned found the whole thing dehumanizing and worrisome, he told Forbes. “I’m in a demographic where it doesn’t affect me, but I’m worried for people who are minorities, who predominantly make up the lower-income labor market.”



For one job applicant, who requested anonymity to speak freely, chatting with a bot had at least one positive. When filling hundreds of job applications, he often never hears back, but the bot at least assured him that his application was received. “It did feel like a morale boost in so many ways,” he said. “But if I had to do this (text with a chatbot) with every job I applied to, it would be a pain in the ass.”

Teamwork in metaverse with Cyber City skyline

AI Chatbots Are The New Job Interviewers

<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



Elon Musk has replaced Twitter’s iconic blue bird logo with an “X” on Monday, part of a major rebrand teased over the weekend that takes the platform another step closer to the billionaire’s dream of creating an “everything app.”



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



The change appeared Monday morning on the web version of the platform.



The new logo, a white stylized “X” on a black background, has also replaced the bird as a badge signifying an account linked to a company employee.



Twitter’s official&nbsp;<a href="https://twitter.com/Twitter" target="_blank" rel="noreferrer noopener">account</a>—@Twitter—has also been changed in the rebrand and is now named “X,” showing just the new logo as a profile picture and a bio reading “What&#8217;s happening?!”



Other Twitter accounts appear to be in the process of being changed, with accounts for creators (@TwitterCreators) and verification (@verified) having been changed while others, notably the main support account (@TwitterSupport) still showing the blue bird at the time of writing.



Mobile apps still appear to feature the blue bird, though it is likely this will change once they are updated.



<h2 class="wp-block-heading" id="h-news-peg">NEWS PEG</h2>



Musk’s decision to replace Twitter’s iconic bird is both shocking and inevitable. On the one hand, he is jettisoning one of the company&#8217;s most recognizable assets—<a href="https://www.bbc.co.uk/news/business-66284304" target="_blank" rel="noreferrer noopener">Larry</a>, as it’s known, has represented Twitter for more than a decade—and whose features, including color and “tweets,” permeate the entire platform. On the other hand, Musk has been open about his ambition to transform Twitter into an “everything app” called ‘X, in the vein of Chinese tech behemoth WeChat. Concrete steps had already been taken toward this goal, such as changing the business name to X Corp, but these were largely back end changes that didn’t have too much of an impact on users. Musk <a href="https://www.forbes.com/sites/brianbushard/2023/07/23/elon-musk-directs-xcom-to-twitter-plans-to-ditch-twitter-bird/">escalated</a> the transition over the weekend, when he said the site “X.com” would now redirect to Twitter and <a href="https://twitter.com/elonmusk/status/1682964919325724673" target="_blank" rel="noreferrer noopener">forecast</a> “soon we shall bid adieu to the twitter brand and, gradually, all the birds.” In a departure from the considered, glacial and often subtle rebrands of many companies, Musk elected to <a href="https://www.bloomberg.com/news/articles/2023-07-24/musk-declares-fan-submitted-x-new-twitter-logo-in-abrupt-shift" target="_blank" rel="noreferrer noopener">crowdsource</a> Twitter, or X’s, new logo from his followers. He later shared an image of the new logo <a href="https://twitter.com/elonmusk/status/1683378289031761920?s=20" target="_blank" rel="noreferrer noopener">projected</a> onto the company’s headquarters.



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<h2 class="wp-block-heading" id="h-crucial-quote">CRUCIAL QUOTE</h2>



“X is here! Let’s do this,” tweeted freshly minted CEO Linda Yaccarino. It is “exceptionally rare” to have a second chance to make another big impression, Yaccarino <a href="https://twitter.com/lindayacc/status/1683213798386147329?s=20" target="_blank" rel="noreferrer noopener">said</a>, but X is Twitter’s chance to do just that. She said there is “no limit to this transformation” and that the team is “just getting started.”



<h2 class="wp-block-heading" id="h-forbes-valuation">FORBES VALUATION</h2>



$236.5 billion. That’s how much&nbsp;Forbes&nbsp;<a href="https://www.forbes.com/profile/elon-musk/?sh=5c26ba107999">estimates</a>&nbsp;Musk is worth, according to our real time tracker. His fortune places him at the very top of&nbsp;Forbes’&nbsp;list of the world’s richest people. Musk’s wealth largely comes from his stake in electric carmaker Tesla and the cadre of valuable companies he cofounded, including rocket firm SpaceX, brain implant company Neuralink and tunneling enterprise Boring Company. He controversially purchased Twitter for $44 billion in 2022 and started on a series of drastic overhauls, including its content moderation and verification policies and slashing headcount.



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<a href="https://www.forbes.com/sites/brianbushard/2023/07/23/elon-musk-directs-xcom-to-twitter-plans-to-ditch-twitter-bird/">Elon Musk Directs X.com To Twitter, Plans To Ditch Twitter Bird</a> (Forbes)

Twitter logo

Elon Musk Kills Twitter Bird Logo In ‘X’ Rebrand

Robots that harvest grapes, 3D-printed drones for crops and burgers grown from a single cell? Here’s how innovative new technology is making farming more efficient, sustainable and at the same time, revolutionizing agriculture across the continent.



In Africa, innovation in agritech is not only exciting, it’s essential. With a quarter of the economy of sub-Saharan Africa driven by agriculture – and more than 60% of the population made up of smallholder farms – technological innovation is the key to producing food that will not only meet the needs of a burgeoning population, but do it in a way that ensures the sustainability of the planet’s natural resources.



<h3 class="wp-block-heading">Cell-to-fork</h3>



In Cape Town, there’s a foodtech company looking at agritech and sustainability through a different lens – reverse engineering. While traditional agriculture involves growing grain that can be fed to livestock until it’s time for the slaughterhouse, Mzanzi Meat are changing an age-old process by identifying the best parts of livestock and using cellular agriculture grow meat in bioreactors. These large-scale brewing vats mean that a single cell, cultivated from a cow, sheep or pig, can produce meat en masse. According to research out of Maastricht University in the Netherlands, cells from a single cow can produce 175 million hamburgers.



When you compare this to the 440,000 cows traditional farming would require for the same output, what Mzansi Meat is doing suddenly makes a lot of sense. Not only does lab-grown meat mimic the exact texture of what can be found in the shops, it is ‘farmed’ without harmful antibiotics or growth hormones. Lab-grown meat could also be the solution to cutting greenhouse gas emissions, land use and other environmental concerns.



For Brett Thompson, the founder and CEO of Mzansi Meat, innovation will happen if more companies look into agritech from a biotech angle. “While more efficient irrigation systems and the use of drones have a role to play, it’s not enough,” he says.



In a landlocked country with few natural resources, farmers in Rwanda no longer need to choose between aquaculture or agriculture. NjordFrey Flagship Farm in Kayonza has created advanced, aquaponic equipment so that fish and vegetables can be farmed at the same time. The focus is hardware, but also sustainability, and the company’s starter kit includes excavating to accommodate rearing fish, establishing soil-less beds for agriculture, piping, plumbing, establishing pumps and filtration. This is all centered around increasing fish and crop production while using 95% less water.


<div class="wp-block-image">
<figure class="alignleft size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2023/07/NIRS-1024x768.jpeg" alt="" class="wp-image-58869" width="543" height="407" srcset="https://cms.forbesafrica.com/wp-content/uploads/2023/07/NIRS-1024x768.jpeg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2023/07/NIRS-300x225.jpeg 300w, https://cms.forbesafrica.com/wp-content/uploads/2023/07/NIRS-768x576.jpeg 768w, https://cms.forbesafrica.com/wp-content/uploads/2023/07/NIRS-1536x1152.jpeg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2023/07/NIRS-2048x1536.jpeg 2048w" sizes="(max-width: 543px) 100vw, 543px" /><figcaption class="wp-element-caption">NIRS device</figcaption></figure></div>


In Ghana, Fredrick Kpamber and Kingsley Safo are the founders of an ‘eco-aquaponics’ enterprise called Big Green Agro. The off-grid farm is solar-powered and contains 194,500-liter pools, one 7,000-liter pool and four of 12,000 liters. Not only do they farm a high-quality local strain of tilapia, they cultivate nutrient-rich algae which is turned into a concentrate and used as a chemical-free fertilizer. One of the things that make Big Green Agro stand out is that the plants grown aquaponically are not for human consumption, but to feed the fish, and that makes the entire operation self-sustaining.



<h3 class="wp-block-heading">Soil science</h3>



According to the World Bank, Africa produces 30 million metric tons of fertilizer each year – twice as much as it consumes – yet 90% of fertilizer consumed in sub-Saharan Africa is imported from outside the continent. In order to make fertilizer more accessible and affordable, technology has a role to play. 



In West Africa, smallholder farmers have started to microdose fertilizer. Headquartered in India with regional hubs in Nairobi, Kenya and Mali, microdosing fertilizer is an innovation out of the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT).



It works by applying small doses of fertilizer (one-tenth of the amount of fertilizer typically used on wheat, and one-twentieth of that used on maize) in the right place and at the right time. The process – which can be done by hand, with a drip irrigation system or via GPS-guided machinery – can effectively double crop yields and the results in Mali, Burkina Faso, Niger and Zimbabwe have garnered worldwide attention.&nbsp;



Understanding the micronutrients that make up soil – and by doing so, being able to create a better, biofertilizer – is an increasingly popular part of agritech research. Preferred by agronomists and soil scientists, biofertilizers (or bio-organic fertilizers) are cost-effective, eco-friendly and guarantee sustainable agricultural production. Unlike their chemical counterparts whose use can lead to adverse effects on the environment, biofertilizers contain living microorganisms that help soil, converting atmospheric nitrogen into a form that plants can use, for example.



While the biofertilizer industry is still largely underdeveloped in Africa, Zimbabwe now boasts one of the largest biofertilizer production facilities in sub-Saharan Africa. Scientists from the Research Council of Zimbabwe and the National Commission of Science and Technology in Malawi are working together, doing innovative research to identify indigenous microbial strains with a potential of enhancing soil fertility, reverse nutrient depletion human-induced stress to soil.



In Tanzania, an agritech company named Ng’wala Inventions has developed an automated, solar-powered bio-pesticide and biofertilizer delivery machines that give smallholder farmers access with a pay-as-you-farm system. To date, Ng’wala Inventions has delivered biofertilizer to thousands of rural farmers – 70% being women and youth.



Another country focussed on its soil quality is Ethiopia and the technology they’re turning to is near-infrared reflectance spectroscopy, or NIRS. South Ethiopia, alongside its neighbors Kenya and Somalia, is experiencing the worst drought in decades and this is severely impacting soil health and as a result, the country’s agriculture sector. NIRS works by analysing the amount of light that a material absorbs, which indicates how much of a substance is within it. By using this method, soil can be judged based on the nutrients it contains without the use of environmentally harmful chemicals.



Using a NIRS device is a quick, inexpensive and (surprisingly) easy way to understand the makeup of soil and ultimately, grow better quality crops. Ethiopian lab scientists are also using NIRS to analyse fodder – both foraged and formulated – as a way to improve livestock nutrition and productivity.



Other breakthrough studies have shown that NIRS can successfully predict the oil and major fatty acid content of sesame seeds, an economically important crop in the country (next to coffee). Often referred to as Ethiopia’s white gold, sesame seeds are draught-tolerant so producing a better crop can lead to increased income and food security for smallholder farmers, improved export revenue and preservation of the country&#8217;s cultural and culinary heritage.



<h3 class="wp-block-heading">Rise of the machines</h3>



It&#8217;s reported that the global agricultural robots market will hit $17.8 billion by 2027. While the agricultural robot segment includes devices like drones, there are also robots that work in the fields. In South Africa’s Western Cape province, Stellenbosch is known for its rolling vineyards and wine farms and more recently, Robot X, a robot developed in South Africa by the Department of Viticulture and Oenology at Stellenbosch University and the Council for Scientific and Industrial Research (CSIR). Robot X, or Dassie, is a unique vineyard robot built with input from local farmers with the aim of making grape production easier thanks to more accurate, real-time data.



Farms are full of data. From weather information to field statistics, seed yield and more, as technology evolves, more data points come up and this only adds to the complexity of what it takes to manage a modern farm operation. This is where precision agriculture comes in – taking big (farm) data and analysing it to maximize output. One of the most accessible ways a farmer can gather large amounts of data today is by using a drone but these eye-in-the-sky tools come at a price.



In Blantyre, South Malawi, MicroMek is a startup that is building low-cost, fixed-wing autonomous drones from 3D-printed parts and recycled materials. The drones, which were originally designed to deliver medicine and medical test kits for diagnosis to remote areas of Malawi, are now also being used by local farmers to monitor land and plant health. In a country that has to deal with climate issues like cyclones and flooding, MicroMek’s innovative Ecosoar drones are built with the environment in mind, even going so far as setting flight records in the new drone corridor in Kisungu.



<h3 class="wp-block-heading" id="h-farming-the-future">Farming the future </h3>



Home to 60% of the planet&#8217;s arable land, Africa holds immense potential to not only feed its own population but also the rest of the world. In order to optimize its ecosystem and mitigate a rapidly changing climate, new techniques and technologies must come into play because despite its challenges, agriculture remains an important sector that’s ripe for disruption and digital innovation is what will help deliver the future of farming.

Brett-Mzanzi

Ripe For Disruption: Africa’s Big Leap In Agritech

<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



EA Sports dropped its&nbsp;<a href="https://www.youtube.com/watch?v=-vL01jbgENE&amp;t=84s" target="_blank" rel="noreferrer noopener">announcement trailer</a>&nbsp;Monday for FC 24, the first soccer video game from the publisher after it did not reach a new&nbsp;<a href="https://www.forbes.com/sites/nicholasreimann/2022/05/10/ea-sports-loses-rights-to-fifa-brand-for-soccer-video-games-after-talks-fail-with-soccers-governing-body/?sh=615ba986449e">licensing agreement</a>&nbsp;with FIFA, the world soccer governing body, last year—ending the extremely popular FIFA-branded soccer video game series.



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



The rebrand to EA Sports FC was announced last May when FIFA and EA Sports did not reach a licensing agreement, which marked the end of the entities’ nearly 30-year partnership.



In a&nbsp;<a href="https://www.ea.com/news/ea-sports-fc" target="_blank" rel="noreferrer noopener">statement</a>&nbsp;to fans last year, EA Sports said its soccer video game would remain the same following the rebrand—a claim backed by the brand’s more than 300 licensing agreements with clubs and leagues internationally.



During contentious negotiations, FIFA asked for at least double the annual $150 million it would receive from EA Sports, according to the&nbsp;<a href="https://www.nytimes.com/2022/05/10/sports/soccer/fifa-ea-sports.html?smid=tw-nytimes&amp;smtyp=cur" target="_blank" rel="noreferrer noopener">New York Times</a>.



<a href="https://www.youtube.com/watch?v=-vL01jbgENE&amp;t=84s" target="_blank" rel="noreferrer noopener">The trailer</a>, narrated by British actor Daniel Kaluuya, featured pre-rendered footage of men’s and women’s soccer stars of past and present interacting with each other in locker rooms and a tunnel.



The trailer concluded with a note that a full gameplay trailer will be released Thursday.



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



At least two years of negotiations transpired over renewing the contract that allowed EA Sports to use FIFA’s name for its yearly soccer video game. EA Sports was FIFA’s largest commercial partner before the breakup. EA spokesman Eric Escaravage told&nbsp;Forbes&nbsp;last year the decision to split from FIFA was an “amicable” one, and the gamemaker was thankful to FIFA for its years of partnership. The final installment of the franchise, FIFA 23, is one of the series’ top-selling games. From the start of the year to the end of May, FIFA 23 was the eighth-best-selling game in the world, beating other sports video games such as Madden NFL 23 and NBA 2K23,&nbsp;<a href="https://twitter.com/MatPiscatella/status/1673681359842480134/photo/1" target="_blank" rel="noreferrer noopener">according to Circana</a>.



<h2 class="wp-block-heading" id="h-big-number">BIG NUMBER</h2>



More than&nbsp;<a href="https://www.nytimes.com/2021/10/13/sports/soccer/ea-sports-fifa.html" target="_blank" rel="noreferrer noopener">$20 billion</a>. That’s the amount FIFA video games generated in sales during the last 20 years, according to the&nbsp;Times.



<h2 class="wp-block-heading" id="h-what-to-watch-for">WHAT TO WATCH FOR</h2>



It remains to be seen if and how the rebrand from FIFA to FC will impact sales for EA Sports. If things remain largely unchanged, FC will likely continue to keep up EA’s streak of publishing and developing one of the best-selling video game franchises of all time.



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<a href="https://www.forbes.com/sites/nicholasreimann/2022/05/10/ea-sports-loses-rights-to-fifa-brand-for-soccer-video-games-after-talks-fail-with-soccers-governing-body/?sh=615ba986449e">EA Sports Loses Rights To ‘FIFA’ Brand For Soccer Video Games After Talks Fail With Soccer’s Governing Body</a>&nbsp;(Forbes)



<a href="https://www.nytimes.com/2022/05/10/sports/soccer/fifa-ea-sports.html?smid=tw-nytimes&amp;smtyp=cur" target="_blank" rel="noreferrer noopener">FIFA and EA Sports End Decades-Long Video Game Partnership</a> (New York Times)

FIFA 23 Photo Illustrations

EA Sports Unveils Rebranded Soccer Video Game FC 24—Its First Without ‘FIFA’ Branding

<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



Instagram lead Adam Mosseri said in two&nbsp;<a href="https://www.threads.net/t/CuZ6opKtHva/" target="_blank" rel="noreferrer noopener">Threads posts</a>&nbsp;Friday that the new app would not encourage “politics and hard news” on its platform, a far cry from the promoted political content found on its rival platform Twitter.



The announcement of the social media app Threads is displayed in Apple&#8217;s US App Store. (Photo by&nbsp;&#8230; [+]DPA/PICTURE ALLIANCE VIA GETTY IMAGES



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



Mosseri said in a&nbsp;<a href="https://www.threads.net/t/CuZ6opKtHva/" target="_blank" rel="noreferrer noopener">Threads conversation</a>&nbsp;that the new platform will inevitably contain politics and hard news, but that Threads is “not going to do anything to encourage those verticals,”—an approach adopted by&nbsp;<a href="https://www.nytimes.com/2021/02/10/technology/facebook-reduces-politics-feeds.html" target="_blank" rel="noreferrer noopener">Facebook in 2021</a>.



Mosseri noted that the engagement or revenue such content might drive is not worth the scrutiny, negativity or integrity risks they present to the platform.



“The goal isn’t to replace Twitter,” Mosseri added, referencing the rival platform that has greatly encouraged political content and hosted live audio conversations featuring former Twitter CEO Elon Musk and GOP&nbsp;<a href="https://www.forbes.com/sites/brianbushard/2023/05/23/desantis-launching-presidential-run-wednesday-in-event-with-elon-musk-report-says/?sh=75de68619294">presidential</a>&nbsp;<a href="https://www.reuters.com/world/us/musk-hosts-twitter-event-anti-vaxx-democratic-candidate-rfk-jr-2023-06-05/" target="_blank" rel="noreferrer noopener">candidates</a>.



Both Meta and Twitter allow users to pay to be verified on their respective platforms.



<h2 class="wp-block-heading" id="h-crucial-quote">CRUCIAL QUOTE</h2>



“The goal isn&#8217;t to replace Twitter,”&nbsp;<a href="https://www.threads.net/t/CuZ3LjhNl0m/" target="_blank" rel="noreferrer noopener">Mosseri said</a>. “The goal is to create a public square for communities on Instagram that never really embraced Twitter and for communities on Twitter (and other platforms) that are interested in a less angry place for conversations, but not all of Twitter.”



<h2 class="wp-block-heading" id="h-big-number">BIG NUMBER</h2>



<a href="https://www.forbes.com/sites/johnkoetsier/2023/07/07/70-million-sign-ups-8-reasons-why-threads-is-blowing-up/?sh=216fd4ea412b">70 million</a>. That’s how many sign-ups Threads hit Friday morning.



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



The choice for Threads to steer clear of news and politics on its platform is likely informed by troubles Facebook had before it reduced such content in 2021. A study found that in 2020, during the lead-up to the presidential election, Facebook&nbsp;<a href="https://www.forbes.com/sites/traversmark/2020/03/21/facebook-spreads-fake-news-faster-than-any-other-social-website-according-to-new-research/?sh=7e2281d76e1a">spread fake news faster</a>&nbsp;than any other social websites. A separate&nbsp;<a href="https://time.com/5949210/facebook-misinformation-2020-election-report/" target="_blank" rel="noreferrer noopener">2021 study</a>&nbsp;concluded the website could have prevented more than 10 billion views on popular pages that posted misinformation on Facebook prior to the election. By early 2021, the social media site&nbsp;<a href="https://www.nytimes.com/2021/02/10/technology/facebook-reduces-politics-feeds.html" target="_blank" rel="noreferrer noopener">changed its algorithm</a>&nbsp;to lessen the amount of political content in users’ feeds. The platform has since maintained a stark contrast to Twitter, which after its $44 billion purchase at the hands of Musk, has encouraged political content. Musk, who stays active on the app, has encouraged politicians to engage with him on Twitter Spaces—allowing Gov. Ron DeSantis (R-Fl) to&nbsp;<a href="https://www.forbes.com/sites/brianbushard/2023/05/23/desantis-launching-presidential-run-wednesday-in-event-with-elon-musk-report-says/?sh=75de68619294">launch his presidential campaign</a>&nbsp;using the live audio feature. Former Fox News host Tucker Carlson also uses Twitter as his platform to upload episodes of his&nbsp;<a href="https://www.forbes.com/sites/antoniopequenoiv/2023/06/06/tucker-carlson-launches-new-twitter-show-weeks-after-fox-news-ouster-and-talks-ukraine-and-ufos/?sh=4c11cf002883">independent commentary show</a>. On Carlson’s first episode of the show, he said he and his team were “<a href="https://www.forbes.com/sites/antoniopequenoiv/2023/06/06/tucker-carlson-launches-new-twitter-show-weeks-after-fox-news-ouster-and-talks-ukraine-and-ufos/?sh=4c11cf002883">grateful</a>” to be on Twitter and were told there were no “gatekeepers” on the platform.



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<a href="https://www.theverge.com/2023/7/7/23787334/instagram-threads-news-politics-adam-mosseri-meta-facebook" target="_blank" rel="noreferrer noopener">Threads isn’t for news and politics, says Instagram’s boss</a>&nbsp;(The Verge)



<a href="https://www.cnbc.com/2023/07/07/threads-doesnt-need-negativity-of-hard-news-politics-meta-exec.html" target="_blank" rel="noreferrer noopener">Meta Threads doesn’t need the ‘negativity’ of hard news and politics, exec says</a> (CNBC)

In this photo illustration, a user sees in his download

Threads Won’t Promote Political Or Hard News Content — A Contrast From Twitter

Decoding types, machine learning, ethics, and the thrilling future of AI.



Artificial Intelligence (AI) has emerged as a transformative technology with the potential to revolutionize various domains. This article delves into insights provided by Professor Ritesh Ajoodha from the University of the Witwatersrand in South Africa and Reinard Mortlock, Founder and CEO of LIVEX, on the main types of AI, the role of machine learning, ethical considerations, job displacement, current limitations, and promising future advancements.



Types of AI and their strengths and limitations



According to Ajoodha, two prominent approaches in AI are deep learning and probabilistic approaches. Deep learning, although highly effective, is often considered a black-box method due to its enigmatic decision-making processes. It poses ethical concerns in fields like medicine, where explainability and transparency are crucial. On the other hand, probabilistic approaches, based on probability theory, offer transparency and allow for a clear understanding of the decision-making process. They are particularly suitable for applications with optimization problems and simpler business scenarios.



Machine learning&#8217;s contribution to AI development



Machine learning plays a vital role encompassing data analytics, leveraging big data for various analyses. Machine learning algorithms enable relevant product recommendations based on user preferences and search history. Additionally, machine learning aids in extrapolating data for AI models, detecting anomalies for fraud prevention, and holds significant potential for numerous other applications.



Ethical considerations in AI implementation



Both Ajoodha and Mortlock highlight the importance of ethical considerations in AI implementation. As AI technology evolves, regulations and constraints become necessary to ensure transparency, fairness, and accountability. Without proper regulation, AI systems, especially black-box models, can pose challenges regarding decision-making processes, data sanitization, and maintenance. Establishing regulations that promote disclosure and transparency is crucial for addressing ethical concerns.



Potential risks and benefits of AI in job displacement



Mortlock emphasizes that AI, particularly generative AI, is still in its early stages and cannot replace human input and evaluation. While content generation and automation may increase, complex tasks requiring human judgement and creativity remain unaffected. Rather than causing job losses, AI models have the potential to create new job opportunities, especially in fields that facilitate AI development.



Current limitations and future advancements in AI research



Globally, AI research has received substantial support and funding, leading to advancements in hardware capabilities and computational power. However, bottlenecks persist, particularly in regions with limited AI backing, such as some African countries. Nonetheless, promising advancements are anticipated, particularly in healthcare, finance, and risk management. AI&#8217;s potential in cancer detection, early diagnosis, fraud detection, and enhanced number-crunching holds great promise for future advancements.



AI continues to evolve and reshape various industries, presenting both opportunities and challenges. While generative AI and machine learning algorithms offer valuable capabilities, ethical considerations must be addressed to ensure transparency and fairness. The ongoing advancements in AI research, coupled with proper regulation and ethical frameworks, can pave the way for a future where AI positively impacts society while minimizing risks.

AI Unleashed: Five Facts From African Experts

<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



More than 10 million people signed up to join Meta’s new “Threads” app within the first seven hours of its launch on Wednesday, the company’s CEO Mark Zuckerberg announced, an early sign that the Instagram offshoot may pose a serious threat to Twitter, which has recently been marred by technical glitches and unpopular changes.



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



Sign-ups on Meta’s Twitter rival crossed 2 million within in the first two hours of its launch, growing to&nbsp;<a href="https://www.threads.net/t/CuVxMmvLNsG" target="_blank" rel="noreferrer noopener">5 million</a>&nbsp;in the next two hours and doubling again to 10 million at the seven hour mark, Zuckerberg wrote on Threads.



To put that&nbsp;<a href="https://thenextweb.com/news/google-reached-10m-users-in-16-days-want-to-know-how-long-it-took-facebook-and-twitter" target="_blank" rel="noreferrer noopener">into perspective</a>&nbsp;it took Facebook 852 days to reach 10 million users while Twitter reached that mark in 780 days.



Unlike other Twitter rivals like Mastodon—which has a complex sign-up process—or Bluesky—which requires invites—Threads allows users to sign up for the app and populate their profile and follow lists using their Instagram account.



Twitter CEO Elon Musk—who has recently been critical of Meta and Zuckerberg—reacted to Threads’ launch by&nbsp;<a href="https://twitter.com/elonmusk/status/1676783253766676483" target="_blank" rel="noreferrer noopener">implying</a>&nbsp;that the app was nothing but a copy-paste of Twitter’s design.



Musk also&nbsp;<a href="https://twitter.com/elonmusk/status/1676770522200252417" target="_blank" rel="noreferrer noopener">tweeted</a>&nbsp;that it was “infinitely preferable to be attacked by strangers on Twitter, than indulge in the false happiness of hide-the-pain Instagram.”



The rollout of Threads has not been entirely glitch-free, however, as Zuckerberg’s timeline failed to load.



<h2 class="wp-block-heading" id="h-crucial-quote">CRUCIAL QUOTE</h2>



Responding to a question about the potential of Threads becoming bigger that Twitter, Zuckerberg&nbsp;<a href="https://www.threads.net/t/CuVafQTvquB/" target="_blank" rel="noreferrer noopener">wrote</a>: “It&#8217;ll take some time, but I think there should be a public conversations app with 1 billion+ people on it. Twitter has had the opportunity to do this but hasn&#8217;t nailed it. Hopefully we will.”



<h2 class="wp-block-heading" id="h-news-peg">NEWS PEG</h2>



The launch of Threads comes at a time when Twitter has faced criticism for enacting&nbsp;<a href="https://www.forbes.com/sites/tylerroush/2023/07/01/elon-musk-announces-temporary-reading-limit-for-unverified-twitter-accounts-amid-outage/?sh=53c522c475fa">unpopular changes</a>&nbsp;to its user experience, while the platform continues to deal with significant&nbsp;<a href="https://waxy.org/2023/07/twitter-bug-causes-self-ddos-possibly-causing-elon-musks-emergency-blocks-and-rate-limits-its-amateur-hour/" target="_blank" rel="noreferrer noopener">technical issues</a>. Facebook isn’t a stranger to&nbsp;<a href="https://www.forbes.com/sites/rachelsandler/2020/08/05/as-facebook-launches-tiktok-clone-a-look-back-at-6-other-rival-products-it-copied/?sh=5ef7245a5c5a">copying products and features</a>&nbsp;from rival platforms and has done so with varying success. The popular “Instagram Stories” launched in 2016 and was pretty much a&nbsp;<a href="https://techcrunch.com/2016/08/02/silicon-copy/" target="_blank" rel="noreferrer noopener">direct copy</a>&nbsp;of a Snapchat feature that allowed users to post video clips and photos that disappeared from their timeline in 24 hours. In 2020, Meta&nbsp;<a href="https://www.forbes.com/sites/siladityaray/2021/03/09/instagrams-tiktok-clone-reels-is-coming-to-facebook-with-trial-starting-in-india/?sh=3606ec9647df">launched</a>&nbsp;its TikTok clone “Instagram Reels,” which has found&nbsp;<a href="https://dazeinfo.com/2023/06/20/youtube-shorts-instagram-reels-india-growth-short-form-video/" target="_blank" rel="noreferrer noopener">popularity in places like India,</a>&nbsp;where the ByteDance-owned video-sharing app has been banned. Facebook Marketplace, an online classifieds platform similar to Craigslist, has also seen&nbsp;<a href="https://restofworld.org/2020/bangladesh-economy-runs-on-facebook/" target="_blank" rel="noreferrer noopener">strong adoption</a>&nbsp;in parts of South Asia. Aside from its history of building successful copycats, Meta’s significantly larger global user base is also a key advantage it has over Twitter. Threads is an offshoot of Instagram, which has an&nbsp;<a href="https://www.bloomberg.com/news/articles/2022-10-26/meta-s-instagram-users-reach-2-billion-closing-in-on-facebook#xj4y7vzkg" target="_blank" rel="noreferrer noopener">active user count of 2 billion</a>—roughly eight times the size of Twitter.



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<a href="https://www.forbes.com/sites/antoniopequenoiv/2023/07/05/meta-officially-launches-threads-challenging-elon-musk-and-twitter/?sh=434928413db7">Meta Officially Launches Threads—Challenging Elon Musk And Twitter</a>&nbsp;(Forbes)



<a href="https://www.forbes.com/sites/roberthart/2023/07/05/leaving-elon-musks-twitter-here-are-some-alternatives-from-meta-threads-to-mastodon-to-bluesky/?sh=498993ec1224">Leaving Elon Musk&#8217;s Twitter? Here Are Some Alternatives, From Meta Threads To Mastodon To Bluesky.</a> (Forbes)

Meta Announces Threads App

Zuckerberg Says Threads Crossed 10 Million Signups In First Seven Hours As Musk Rails Against Instagram

<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



Facebook and WhatsApp parent Meta will launch the firm’s long awaited competitor to Twitter, Instagram Threads, on Thursday, escalating the personal rivalry between feuding billionaires Mark Zuckerberg and Elon Musk and firmly throwing down the gauntlet after another chaotic weekend had the platform’s users searching for alternatives.



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



Meta’s app, Threads, is listed as “coming soon” on Apple’s App Store and is available for pre-order.



The listing said Threads is “expected July 6” and Meta’s countdown&nbsp;<a href="https://www.threads.net/" target="_blank" rel="noreferrer noopener">website</a>&nbsp;for the launch indicates the app will go live at 10 a.m. ET (7 a.m. PT), though it’s unclear whether Meta plans to stagger the rollout in some way.



Details on the full nature of Threads are scarce but the listing describes the platform as a “text-based conversation app” and screenshots show a dashboard that appears very similar to Twitter’s app, with the ability to like, share, post and repost content.



Threads will be directly linked to Meta’s popular photo sharing platform Instagram and screenshots suggest users can keep their usernames and easily follow the same accounts they do on Instagram on the new platform.



From the listing, Threads looks likely to be a free service in exchange for personal data, a model in line with many of Meta’s other popular apps and other free online services.



Instagram Threads users will need to be at least 12 years old, according to the App Store listing.



<h2 class="wp-block-heading" id="h-what-we-don-t-know">WHAT WE DON’T KNOW</h2>



It’s not clear when Threads will be launched on Android systems or whether the network will be accessible without the app. A similar listing of Threads&nbsp;<a href="https://www.theverge.com/2023/7/1/23781271/instagram-threads-twitter-leak-android-google-play" target="_blank" rel="noreferrer noopener">reportedly appeared</a>&nbsp;on the Google Play store—which serves Android devices—on Saturday showing similar features, images and descriptions. The post, which did not list a release date, was seemingly in error and was swiftly removed from the store.



<h2 class="wp-block-heading" id="h-news-peg">NEWS PEG</h2>



Meta’s release of a product to rival Twitter is both timely and expected. Meta, formerly Facebook, has a well documented history of lifting features from competitors—its short-form video feature Reels draws from TikTok,&nbsp;<a href="https://techcrunch.com/2022/09/13/meta-announces-discord-like-community-chats-on-messenger/" target="_blank" rel="noreferrer noopener">community chats</a>&nbsp;from Discord and disappearing video and photo feature Stories from&nbsp;<a href="https://www.businessinsider.com/how-developer-mark-zuckerberg-invented-instagram-stories-copied-snapchat-2020-4?r=US&amp;IR=T" target="_blank" rel="noreferrer noopener">Snapchat</a>—to varying degrees of success. Twitter is an obvious target, with many users keen to jump ship given the parade of controversy and service issues that has followed Elon Musk’s takeover last year, including drastic revisions to longstanding verification and content moderation policies, cutting company headcount to the bone, changes to who can access platform data and numerous system outages. Most recently, Musk limited the number of posts users—even paying users—could see on Twitter and required users to have registered for accounts to view tweets. With each new development, rivals like Bluesky, Trump’s Truth Social and Mastodon have&nbsp;<a href="https://techcrunch.com/2023/07/03/twitter-competitors-soar-after-yet-another-bad-musk-move/" target="_blank" rel="noreferrer noopener">benefited handsomely</a>, though none have yet managed to gain the kind of traction needed to fully take on an established social media giant like Twitter. With its vast resources and established social networks, Threads’ arrival could pose a serious threat to Twitter.



<h2 class="wp-block-heading" id="h-forbes-valuation">FORBES VALUATION</h2>



$101.5 billion. That’s how much&nbsp;Forbes&nbsp;<a href="https://www.forbes.com/profile/mark-zuckerberg/?list=rtb/&amp;sh=470e77f63e06">estimates</a>&nbsp;Mark Zuckerberg is worth, according to our live tracker. Zuckerberg’s fortune is largely derived from his stake in Meta and it makes him the 10th richest person in the world. Musk is worth an&nbsp;<a href="https://www.forbes.com/profile/elon-musk/?sh=595dbf9d7999">estimated</a>&nbsp;$249.4 billion and currently holds the top position in&nbsp;Forbes’&nbsp;list of the world’s wealthiest people. The two billionaires have reportedly been&nbsp;<a href="https://www.wsj.com/articles/elon-musk-mark-zuckerberg-cage-fight-b71fa4ff" target="_blank" rel="noreferrer noopener">feuding</a>&nbsp;for years, though this recently spilled out into the public domain and the pair are apparently primed to settle things with a literal fight. It is unclear whether the agreed upon “cage match” will ever happen.



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<a href="https://www.wsj.com/articles/elon-musk-mark-zuckerberg-cage-fight-b71fa4ff" target="_blank" rel="noreferrer noopener">Behind the Musk-Zuckerberg ‘Cage Match’ Is a Yearslong Billionaire Feud</a> (WSJ)

Meta’s Twitter Rival Threads Will Launch Thursday As Chaos Continues On Elon Musk’s Platform

Words and Curation: Chanel Retief and Lillian Roberts Art Director: Lucy Nkosi Photography: Katlego Mokubyane Photography Assistant: Sbusiso Sigidi Studio: NewKatz Studio, Johannesburg CNBC Africa Videographer: Thabo Mathebula Video Editor: Chanel Retief Styling: Bontlefeela Mogoye and Wanda Baloyi Outfits supplied by: Kworks Design; Imprint South Africa; House of Suitability; LSJ Designs Hair &amp; Makeup: Makole Made



Khula! was built on friendship. 



“We [Matthew Piper, Chief Product Officer and co-founder] became friends pretty quickly at university,” Karidas Tshintsholo, wearing a powder blue suit and a bright smile, says to FORBES AFRICA. 



“And then the friendship grew into business. I think already by the second semester of our first year [in university], we had an education type of business running.” 



It was after university that Piper returned to Johannesburg with ideas that he relayed to Tshintsholo.



“Initially, agriculture is not a very sexy industry,” Tshintsholo laughs. “From the outside, it looks pretty dirty and all of that&#8230;Almost everybody on the continent is dependent on agriculture for survival. But it just didn&#8217;t make sense that we were getting more food in than what we were taking out. We should be ideally positioned to be supplying the world 10 times over.” 



And with that in mind, Tshintsholo, Piper and Jackson Dyora (Chief Technology Officer and co-founder cofounder) set out to build Khula! 



In a nutshell, the company provides small-scale and commercial size farmers with software and a marketplace to grow their business. The whole idea was to be an ecosystem of support to farmers across Africa. The platform has three key components: an input marketplace, which allows farmers to purchase inputs and get technical services; there is a trader platform where farmers can sell; and to close the loop, there is a funded dashboard, where the platform links farmers with financing assistance.



“I think it really speaks to the nature of agriculture,” Tshintsholo says, “that quite often, when you&#8217;re trying to solve one problem, you get undone by another problem.” This was what drove him to entrepreneurship to begin with–wanting to solve problems.



“I think Mike Tyson said ‘everybody has a plan until they get punched in the face’. And I think entrepreneurship is like that…We went into this thinking, we&#8217;ve got this, and we have a solid plan, we are going to connect farmers with buyers’. Easy. Until…”



“How many times have you been punched in the face?” we ask. “I get punched in the face every day,” Tshintsholo laughs. “We had to get a lot of punches. But I think the pilot helped us because the farmers were okay with giving us those punches, because in the end, we&#8217;re working together to build a product that we can then begin to scale.”

Untitled design (11)

MEET COVER STAR Karidas Tshintsholo: Building Tech To Support Africa’s Farmers

ChatGPT, a cutting-edge language model developed by OpenAI, has revolutionized how we interact with technology and access information through artificial intelligence (AI). As an AI-driven conversation agent, ChatGPT has the potential to significantly impact various sectors in Africa, offering opportunities for growth and development. However, ChatGPT also presents unique challenges that we must address to harness its benefits fully. 



This article explores the implications of ChatGPT for Africa, focusing on its potential applications in education, healthcare, agriculture, and language preservation, as well as the challenges associated with its adoption.



Before discussing the applications of ChatGPT in Africa, it is crucial first to discuss what ChatGPT can and cannot do. Firstly, ChatGPT, like many AI technologies, depends on existing data. Therefore, it cannot incorporate what does not already exist. For example, it will not recommend medications not yet discovered. Consequently, it would not have invented Einstein&#8217;s theory of relativity. However, it can gather and summarize existing information, which may help find new medicines. Despite these,



ChatGPT can be a valuable tool for enhancing education in Africa by providing personalized learning experiences, facilitating access to knowledge, and supporting educators. By offering tailored content based on individual learning needs, ChatGPT can help bridge the gap in educational resources and improve overall learning outcomes. Additionally, it can assist teachers by providing instant feedback on student performance, identifying areas for improvement, and suggesting targeted interventions.



ChatGPT can be crucial in providing medical information and support in Africa, where access to healthcare professionals is often limited. It can serve as a health assistant, offering advice on common health issues, symptom analysis, and self-care tips. This could help reduce the burden on healthcare systems and facilitate timely intervention, particularly in remote or underserved areas. For this to happen, we need to retrain existing and new medical professionals to develop competency in the seamless use of technology in medical care. This, therefore, calls for revising the medical curriculum to incorporate more technology.



Another application of ChatGPT is in the area of agriculture. ChatGPT can contribute to developing sustainable agriculture in Africa by providing farmers real-time information on weather patterns, pest control, and crop management. This could help farmers optimize their operations, improve yields, and enhance food security for the continent. This requires farmers to form learning communes where issues of agricultural performance are discussed together to augment existing recommendations of ChatGPT, which is based on existing information.



ChatGPT can be used for language preservation. Africa is home to a rich linguistic diversity, with over 2,000 languages spoken across the continent. ChatGPT can be trained to understand and interact in various African languages, promoting language preservation and cultural heritage. By making technology more accessible and inclusive, ChatGPT can help bridge the digital divide and empower local communities. However, for this to happen, we need to infuse the ethos of AI transfer learning methodology to ensure that all languages are included, irrespective of size.



One of the primary challenges for ChatGPT adoption in Africa is the lack of robust digital infrastructure. Limited access to the internet, unreliable connectivity, and high data costs can hinder the widespread use of ChatGPT and its associated benefits. To fully harness the potential of ChatGPT, investments in digital infrastructure and affordable internet access are essential. However, for this to happen, we need to bridge the digital divide and ensure that telecommunications data and affordable devices are accessible.



The adoption of ChatGPT in Africa also depends on the population&#8217;s digital literacy level. Therefore, promoting digital literacy through education and training programs is crucial to ensure people can effectively utilize ChatGPT and other digital technologies.



As with any AI technology, ChatGPT raises concerns about data privacy and security. Therefore, ensuring that ChatGPT complies with data protection regulations and safeguards user privacy is essential to build trust and encourage widespread adoption.



AI models, including ChatGPT, can inadvertently perpetuate biases and stereotypes in the data they are trained on. Addressing these biases and ensuring that ChatGPT&#8217;s interactions are culturally sensitive and contextually appropriate is crucial for its successful implementation in Africa.



ChatGPT has the potential to significantly impact various sectors in Africa, offering opportunities for growth and development. By harnessing its potential in education, healthcare, agriculture, and language preservation, Africa can benefit from the advancements in AI technology. However, addressing challenges related to digital infrastructure, digital literacy, data privacy, and ethical considerations is crucial for successfully adopting ChatGPT on the continent through collaborative efforts from governments, the private sector, and African civil society.



– The writer is a Rector of the United Nations University (UNU) Rector based in Tokyo, Japan. UNU has campuses in Ghana, Japan, China, Malaysia, Finland, Germany, Holland, Portugal, Belgium, Venezuela, Canada and the US.

In this photo illustration, the ChatGPT (OpenAI) logo is

ChatGPT In Africa: Opportunities And Challenges

<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



Facebook and Instagram’s parent company Meta has been testing its challenger to Twitter—internally dubbed “Project 92” and previously “Barcelona”—for months with celebrities and influencers, and gave employees a sneak preview this week.



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



Meta&nbsp;<a href="https://www.platformer.news/p/meta-is-building-a-decentralized" target="_blank" rel="noreferrer noopener">told</a>&nbsp;tech journalist Casey Newton in March the company “believe(d) there’s an opportunity for a separate space where creators and public figures can share timely updates about their interests.”



In May, Bloomberg&nbsp;<a href="https://www.bloomberg.com/news/articles/2023-05-19/instagram-readies-twitter-competitor-for-summer-release?srnd=premium&amp;leadSource=uverify%20wall" target="_blank" rel="noreferrer noopener">reported</a>&nbsp;Meta had been quietly testing it with celebrities and influencers for months and potentially could be ready to launch it as early as June.



Last week, Meta employees got a preview of the app, The Verge&nbsp;<a href="https://www.theverge.com/2023/6/8/23754304/instagram-meta-twitter-competitor-threads-activitypub" target="_blank" rel="noreferrer noopener">reported</a>, which will stand alone but based on Instagram, and will likely allow users to transfer information and followers from Instagram.



<a href="https://www.theverge.com/2023/6/8/23754304/instagram-meta-twitter-competitor-threads-activitypub" target="_blank" rel="noreferrer noopener">Screenshots</a>&nbsp;of the app acquired by The Verge show a mobile app with an appearance extremely similar to Twitter, featuring verified users, like and reshare buttons and a messaging option.



Meta chief product officer Chris Cox reportedly told employees the goal of the new app is to have a platform prioritizing “safety, ease of use, reliability” and to ensure that creators have a “stable place to build and grow their audiences.”



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There is still no set launch date or official name for the app—nicknamed both Project 92 and “Barcelona” internally—though could be called Threads, “based on internal documents” reviewed by The Verge.



<h2 class="wp-block-heading" id="h-crucial-quote">CRUCIAL QUOTE</h2>



“We’ve been hearing from creators and public figures who are interested in having a platform that is sanely run, that they believe that they can trust and rely upon for distribution,” Cox said to employees, in a clear dig at Twitter, and new owner Elon Musk, when showing the app, The Verge reported, calling it “our response to Twitter.”



<h2 class="wp-block-heading" id="h-cheif-critic">CHEIF CRITIC</h2>



Twitter CEO Elon Musk responded to a tweet about Meta’s challenger crudely Friday,&nbsp;<a href="https://twitter.com/elonmusk/status/1667443908060520449" target="_blank" rel="noreferrer noopener">tweeting</a>&nbsp;“zuck my tongue” in response to a link reporting that Meta had been trying to get the Dalia Lama—who recently made&nbsp;<a href="https://www.bbc.com/news/world-asia-india-65229327" target="_blank" rel="noreferrer noopener">headlines</a>&nbsp;for saying “suck my tongue” to a child—as a user. Meta reportedly has DJ Slime signed on to use the app, and are also in talks with Oprah, The Verge reported.



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



Many frustrated users have posted publicly about finding an alternative to Twitter since billionaire Elon Musk took over in October 2022 and began quickly making changes to the platform, ranging from adding an algorithm-driven “For You” page, to eliminating moderation teams charged with eliminating offensive content, to charging people to be verified and get access to features like an edit button. Mastodon attempted to fill the gap shortly after Musk bought Twitter, offering a less centralized&nbsp;<a href="https://joinmastodon.org/" target="_blank" rel="noreferrer noopener">platform</a>&nbsp;but promising “no algorithms or ads to waste your time.” But,&nbsp;Wired&nbsp;<a href="https://www.wired.com/story/the-mastodon-bump-is-now-a-slump/" target="_blank" rel="noreferrer noopener">reported</a>&nbsp;that Mastodon’s number of active users fell to 1.4 million at the end of January—dropping by more than one million—since people flocked to it in November 2022.



<h2 class="wp-block-heading" id="h-tangent">TANGENT</h2>



Project 92 isn’t the only recent Twitter challenger. Twitter’s former CEO Jack Dorsey launched&nbsp;<a href="https://www.forbes.com/sites/conormurray/2023/05/01/what-is-bluesky-heres-what-to-know-about-ex-twitter-ceos-new-invite-only-social-network--as-these-celebrities-sign-up/?sh=7c0dbce76342">Bluesky</a>, a decentralized app that was developed in parallel with Twitter and has an interface almost indistinguishable from Twitter, along with a similar algorithm. Bluesky is currently invitation-only after launching its beta version for iOS in February and for Android in April. Bluesky plans to allow users to create their own content moderation guidelines or subscribe to guidelines created by others, including the ability to opt-in or opt-out of viewing violent or hateful content.



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<a href="https://www.theverge.com/2023/6/8/23754304/instagram-meta-twitter-competitor-threads-activitypub" target="_blank" rel="noreferrer noopener">Instagram’s upcoming Twitter competitor shown in leaked screenshots</a>&nbsp;(The Verge)



<a href="https://www.forbes.com/sites/mollybohannon/2023/05/19/instagram-is-preparing-a-twitter-like-app-to-be-launched-this-summer-report-says/?sh=4afdb443100c">Instagram Is Preparing A Twitter-Like App To Be Launched This Summer, Report Says</a>&nbsp;(Forbes)

Category: Technology