Banking crime losses decline, but AI poses major threat

Banking crime losses decline, but AI poses major threat

The South African Banking Risk Information Centre (SABRIC) has released its Annual Crime Statistics for 2024, reflecting a significant decline in financial crime losses – but also warning of the growing threat posed by artificial intelligence (AI) in fraud...
Agentic AI to dominate IT budget expansion

Agentic AI to dominate IT budget expansion

Year-over-year (YoY) spending, between 2025 and 2029 for artificial intelligence (AI) will grow by 31,9%, according to data from the International Data Corporation’s (IDC) Worldwide Artificial Intelligence IT Spending Market Forecast. This investment, driven by the...
IBM and AMD join forces to build quantum-centric supercomputer

IBM and AMD join forces to build quantum-centric supercomputer

IBM and AMD have announced plans to develop next-generation computing architectures based on the combination of quantum computers and high-performance computing, known as quantum-centric supercomputing. The companies are collaborating to develop scalable, open-source...
Task-specific AI agents set for rapid adoption into enterprise apps

Task-specific AI agents set for rapid adoption into enterprise apps

A significant 40% of enterprise applications will be integrated with task-specific AI agents by 2026, up from fewer than 5% today, according to Gartner. As organisations accelerate digital transformation, agentic AI in enterprise applications will move beyond...
US government takes 9,9% equity stake in Intel

US government takes 9,9% equity stake in Intel

The US government has officially taken a stake in Intel, making an effective $8,9-billion investment in the company’s common stock. The government’s equity stake will be funded by the remaining $5,7-billion in grants previously awarded, but not yet paid, to Intel...
AU endorses efforts to change the world map

AU endorses efforts to change the world map

The African Union (AU) has endorsed a campaign to use a map that represents Africa more accurately than the traditional Mercator map that is mostly used today. The currently-used map was drawn up in the 16th century by catographer Gerardus Mercator, and inaccurately...