Metaverse could add $3trn to global GDP

The metaverse has the potential to add an estimated $3-trillion to the global economy in a decade if adoption and growth are similar to mobile technology. Estimates are that the metaverse could add $40-billion in sub-Saharan Africa alone – a 1,8% contribution to...

Ransomware victims say they would pay up if hit again

The new global Kaspersky report, “How business executives perceive ransomware threat”, discovered that in 88% of organisations previously attacked by ransomware, business leaders would choose to pay a ransom if faced with another attack. Across...

Food price inflation could hit Africa the hardest

Higher international food prices will have a more aggressive impact on African CPI readings than those in advanced economies. According to Oxford Economics Africa, this is due to heavier weightings of foodstuffs in CPI baskets. But the impact will extend far beyond...

IBM in strategic collaboration with AWS

IBM has signed a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS), with plans to offer a broad array of its software catalogue as Software-as-a-Service (SaaS) on AWS. Building on IBM Software being available as-a-Service (aaS) on IBM Cloud, this...

Total private investment in AI more than doubled in 2021

A moneytransfers.com analysis of the sector places private investment in AI in 2021 at $93,5-billion – more than double what it was in 2020. The total amount of funding raised by venture capitalists (VCs) for AI startups has increased significantly since 2017....