It will cost nearly $3-trillion to connect humanity to the Internet

It will cost nearly $3-trillion to connect humanity to the Internet

Achieving universal, meaningful Internet connectivity by 2030 could require an investment of $2,6-trillion to $2,8-trillion at current prices, according to the International Telecommunication Union’s (ITU) Connecting Humanity Action Blueprint report. The report...
Digital assets, AI are hot as fintechs pull in $44,7bn

Digital assets, AI are hot as fintechs pull in $44,7bn

Despite the cautious optimism permeating the fintech sector heading into 2025, the first half of the year saw fintech investment and deals slow considerably amid headwinds from ongoing geopolitical tensions and concerns around evolving trade policies. Total fintech...
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...