Search Results for: ARTIFICIAL INTELLIGENCE

African Startups in the credit scoring space

Dianne Jacobs
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African startups with solutions in the credit scoring and financing space will have the chance to secure a testing phase for their technologies with French utility company ENGIE at Africa Tech Summit Kigali in February. Taking place for the third time on February 4-6, Africa Tech Summit Kigali brings together tech leaders, MNOs, banks, investors, entrepreneurs, governments, trade bodies and media to drive investment and collaboration in the African tech space. For the second year, Disrupt Africa has reprised its partnership with Africa Tech Summit Kigali to host the two-day Africa Startup Summit,…

Technology’s Involvement in the Pet Care Industry

Dianne Jacobs
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The pet industry is a growing industry around the world but mostly in USA. Pet owners keep increasing day by day hence making the industry grow. Silicon Valley seems to have itself a new “pet” project. But it’s not just any kind of project. It is for an industry that is projected to be worth $281 billion by 2023. The pet-related business has been gaining grounds, with sales exceeding $225 billion in North America alone in 2018. Whether the economy is tough or not, owners have to take care of their…

AI VS Human News Reporters. Alarming or not?

Dianne Jacobs
News reporters

Last year, China’s state-run news agency Xinhua announced the latest addition to its team of news reporters. Qiu Hao, dressed in a pinstripe suit and red tie, made his first broadcast in November. However, unlike his colleagues, the news reporter is not real. “I am the Chinese AI anchor who just joined Xinhua news agency today,” he said, “my appearance and voice are               based on Xinhua news reporter Qiu Hao. But I never need to rest. I offer more than non-stop service 24 hours…

Singapore based Credit scoring fintech company, CredoLab, launches in Kenya

credit scoring fintech company, CredoLab, launched in Kenya

Alternative credit scoring fintech company, CredoLab, launched in Kenya recently is lined to drive financial inclusion by credit scoring more people, especially those who are new to bank and credit. CredoLab announced that it is in negotiations with the large financial institutions, digital banks, credit bureaus, consumer lenders and retail operations in Kenya. Michel Massain, Sales for Europe and Africa at CredoLab says, “With the trend in Kenya of banks shifting from traditional banking halls to digital platforms, our alternative credit scoring technology is perfectly timed to help lenders provide…

Intel unveils Nervana its first ever AI-driven neural network chip

San Francisco: Intel has unveiled its first high-performance Artificial Intelligence (AI)-driven neural network chip “Nervana” to meet the growing high-speed computing and robotics demand. The chip-maker showcased the Nervana neural network processors, with the NNP-T for training and the NNP-I for inference at the “Hot Chips 2019” conference at Stanford University in California on Tuesday. “To get to a future state of ‘AI everywhere,’ we’ll need to address the crush of data being generated and ensure enterprises are empowered to make efficient use of their data, processing it where it’s…

Intel investing $13M in a startup building an AI chip that can transfer data 1,000 times faster

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Intel is investing $13 million in Untether AI, a startup that’s working on a novel type of chip for artificial intelligence that promises to perform neural-network calculations at warp speed. Untether, based in Toronto, Canada, has already developed a prototype device that transfers data between different parts of the chip 1,000 times more quickly than a conventional AI chip. That’s an impressive achievement, but it should be treated cautiously since the prototype is far larger than an actual chip—and because other factors will contribute to the overall performance of the…

How prepared are African businesses to tap AI benefits?

Editor

The world is becoming a consumers’ market where future trends are now determined by an impatient customer with a smart phone. The modern shopper wants the best for less right now. They also demand that brands speak to and about their unique individuality. These conversations are taking place online in real time, feeding research, design and development teams with enough data to make accurate predictions of what will sell in the future. How this information is collected and collated is being made possible by technology. What does Artificial Intelligence mean…

SMEs Digitization in Africa

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Gartner, the global research and advisory firm, defines digitalisation as “the use of digital technologies to change a business model and provide new revenue and value-producing opportunities; the process of moving to a digital business”. Digital technologies include social technology platforms, Mobile, Cloud, Internet of Things, Artificial Intelligence, Analytics, Virtual Reality, and Blockchain, amongst others. All these technologies can be harnessed to introduce new digital business models by changing and enabling better internal processes, customer experience and operating models. Digitalisation can be a source of unapparelled competitive advantage when adopted…

Google’s CSquared parnters with local firms to enhance Africa’s affordable broadband

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CSquared, a pan-African broadband infrastructure provider owned by Google and other partners, has said that one of its top priorities is ‘fiberizing’ Africa through affordable broadband internet connectivity. “Fiberizing Africa is about creating value by changing the way Africa perceives internet,” said Lanre Kolade, the newly-appointed CEO of CSquared. “The continent should transition from being just consumers of internet and move to the extra mile of generating its own local content.” Started as a project within Google to build and operate open-access broadband infrastructure in Africa and increase access to…

How AI could bring a difference in 2019

Staff Writer

In 2019, artificial intelligence (AI) will increasingly become a mainstream presence in our work and personal lives, inspiring our purchase decisions and digging deeper into business outcomes and events. At the same time, expectations surrounding AI will also grow, as calls for transparency and fair play become too loud for businesses to ignore. Here are four ways we see AI making a difference in our lives in the new year: AI gets warm and fuzzy. Conversational AI is fast becoming a fact of life; already, 20% of U.S. adults have access to smart speakers in their homes. Google…