Dominated by Open AI and Meta, GenAI races past $66bn
The generative AI market exceeded the $66-billion mark, with Open AI and Meta AI flagging their dominance with 56% market share. This is according to Stocklytics financial analyst Edith Reads, who comments: "The start of Chat GPT in 2022 was the first plunge into...
Digital transformation shows no signs of slowing down
The global digital transformation market size is anticipated to reach $4,617-trillion by 2030 and it is projected to grow at a CAGR of 27,6% from 2024 to 2030, according to new report by Grand View Research. Digital transformation assists companies in improving their...
Teraco boosts regional interconnection
Teraco has become an integral node to the Meltingpot Indianoceanic Submarine System (MÉTISS), a 3 200 km subsea fibre optic cable system connecting South Africa to the Indian Ocean islands of Madagascar, Reunion and Mauritius. The MÉTISS consortium comprises Canal+...
Net 1 starts to turn around SA operations
Net 1 UEPS Technologies has reported an increase of approximately 27 000 EasyPay Everywhere (EPE) account holders, accouncing its third quarter results. During the period, the group saw a non-cash increase of $10,8-million, before tax effect, in the fair value of...
AI set to change the world as it takes off
Kathy Gibson reports - 5G, cloud and artificial intelligence (AI) could hold the key to South Africa's future, giving us the opportunity to leapfrog into the fourth industrial revolution (4IR). Arthur Goldstuck, MD of research company World Wide Worx, points out that...
SA consumers switch to digital payments
As the world went into pandemic lockdown in 2020, consumers shifted their spending habits to embrace contactless tap-and-go payments and online shopping. As stores closed and social distancing took hold, retailers worldwide moved their businesses online, embraced...
Alviva gets green light for Tarsus acquisition
By Mark Davison - The final hurdle facing one of the most significant moves yet in the South African distribution channel - the acquisition of Tarsus Technologies by the Alviva group - has been crossed with the news that the Namibian Competition Commission has...
Data, analytics drive digital transformation initiatives
A significant 72% of data and analytics (D&A) leaders with digital initiatives are either leading or heavily involved in their organisation's digital transformation initiatives, according to Gartner's sixth annual Chief Data Officer (CDO) survey. "The results...
Young scientist revolutionises blood glucose test
A young scientist who developed a way to test blood glucose levels without using the traditional way of pricking the finger, will compete against more than a thousand scientists in the world's largest science fair, the 2021 Virtual Regeneron International Science and...
Global offshore wind goals stymied by poor infrastructure
Rapid advances in offshore wind technology, making turbines bigger and more powerful, are currently outpacing the infrastructure capacity needed to install them. This is one of the findings in a new report from the Clean Energy Technology service at IHS Markit....
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