Paystack Cuts 33 Jobs to Focus on African Markets
Paystack, a Nigerian fintech startup and a subsidiary of Stripe Inc, has announced a workforce reduction of 33 employees in Europe and the UAE. The move is part of the company’s strategy to concentrate more on its African operations, where it sees more growth potential. Paystack, founded in 2015, is a leading payment service provider […]
Meta Unveils New AI Tools for Creative Expression
Meta announced its new tools, Emu Video and Emu Edit, that will allow users to edit images and generate videos for Facebook and Instagram using text prompts. These tools are built on Meta’s Emu, the firm’s first foundational model for image generation. Meta, formerly known as Facebook, has unveiled its new tools enabling users to […]
OpenAI Pauses New Sign-ups For ChatGPT Plus Due to High Demand
According to OpenAI’s CEO, Sam Altman, new sign-ups for ChatGPT plus the premium edition of the AI tool have been paused because the platform has exceeded its capacity, affecting users’ quality of experience. OpenAI, the developer of the widely used artificial intelligence (AI) chatbot ChatGPT, has suspended new registrations for ChatGPT Plus, the premium edition […]
Microsoft Partner with Canadian Firm Photonic in $100M Deal
Photonic, a Canadian quantum computing company, has raised $100 million for its all-silicon quantum computing platform with Microsoft as a new partner, investor, and co-developer. Numerous industry specialists have hailed Photonic’s innovative approach to quantum computing as a “breakthrough” in the field, prompting the investment and partnership. The method of photonics entails the construction of […]
Amazon’s Olympus to Compete with OpenAI, Microsoft in AI Arena
Amazon Web Services introduces Olympus, a new Large Language Model, in an effort to compete with OpenAI and Microsoft. AWS (Amazon Web Services), the web services division of the world’s largest online retailer and technology provider, Amazon, recently announced its intention to introduce Olympus, a Large Language Model (LLM). Meanwhile, the forthcoming introduction of the LLM […]