Africa’s AI Transformation: Unlocking Potential and Driving Progress
Post AMUGE
November 6, 2024
Matt Brittin, president of Google Europe, the Middle East and Africa AI has the potential to drive progress and prosperity across the world. But nowhere is this more apparent than on the African continent. The next decade is set to be Africa’s digital decade – with emerging technologies like AI and the Cloud set to […]
AI-driven revolution to lift global banking revenue $301bn by 2030- Report
Post AMUGESeptember 17, 2024
Joy Agwunobi Artificial intelligence (AI) is emerging as the game-changer in the banking industry, poised to revolutionise customer interactions, backend processes, and ultimately the bottom line. In a recent report by Stocklytics.com, AI is projected to add $301 billion to global banking revenues by 2030, spotlighting its critical role in shaping the financial services sector. […]
Nigerian startups receive boost as NCAIR, Google launch N100m AI fund
Post AMUGESeptember 10, 2024
Business a.m. Nigeria’s National Centre for Artificial Intelligence and Robotics (NCAIR), with the support of Google, has announced the launch of the AI Fund, a N100 million initiative aimed at supporting Nigerian startups that are utilising Artificial Intelligence (AI) in their development of innovative solutions. This initiative follows a series of strategic programmes by the […]
United States, Nigeria co-host pan-African AI conference in Lagos
Post AMUGESeptember 9, 2024
Business a.m. An artificial intelligence conference which will be held on Tuesday and Wednesday in Lagos is being jointly hosted by the United States and Nigeria, the US Consulate in Lagos said in a statement made available to Business a.m. According to the consulate, the U.S. Department of State and Nigeria’s Ministry of Communications, Innovation, […]
Prudential partners Google Cloud to push boundaries of insurance with AI
Post AMUGEAugust 21, 2024
Cynthia Ezekwe Prudential plc, a multinational life insurance and financial services company, has partnered with Google Cloud to build innovative AI-powered products and applications to transform the insurance industry and enhance customer experience. The collaboration centres on the launch of Prudential’s AI Lab, which is set to debut later this year, and will see the […]
Google data shows Nigerians turning to AI to boost creativity, professional growth
Post AMUGEAugust 21, 2024
Business a.m. A recent search trend report from Google reveals that Nigerians are showing more interest in artificial intelligence (AI) than ever before, with search queries related to AI rising 130 percent compared to the same period last year. Apart from general interest in AI, specific queries like “What is AI” also increased by 30 […]
Africa on brink of AI-fueled economic boom as emerging applications projected to add $2.9trn by 2030
Post AMUGEAugust 12, 2024
Joy Agwunobi Africa’s economic prospects are set for a transformative boost thanks to the potential of emerging AI applications, despite its current limited contribution to the global AI market. Projections suggest that AI could add as much as $2.9 trillion to the continent’s economic output by 2030, highlighting the enormous untapped potential of this nascent […]
From unemployment crisis to opportunity: How Africa can tap into AI, LLM potential to boost workforce
Post AMUGEJuly 1, 2024
Joy Agwunobi The age-old struggle of youth unemployment is now facing a promising contender in Africa, given the rising penetration of Large Language Models (LLMs) and AI. As these technologies continue to advance, industry experts observe that Africa finds itself at a critical juncture where it can redefine the future of employment, unleashing a wave […]
Access Holdings pushes for responsible AI use at Smart Banking Summit
Post AMUGEMay 28, 2024
Business a.m. Lanre Bamisebi, executive director of IT & digitalisation at Access Holdings Access Holdings PLC, a leading financial services group, has echoed the need for ethical considerations in using Artificial Intelligence (AI), calling stakeholders in the financial industry to factor its sustainability implications. This call to action was driven by a compelling keynote address […]
NITDA ,Cisco join forces to accelerate AI, smart agriculture
Post AMUGEMay 15, 2024
Joy Agwunobi National Information Technology Development Agency (NITDA) has formed an alliance with Cisco Systems Incorporation, projected to accelerate Nigeria’s digital transformation and provide opportunities for innovation and growth. The partnership will focus on implementing pilot projects in five critical areas which include: – AI and Cybersecurity Experience and Incubation Center, focused on repurposing the […]