The Dual Face of AI 🤖
#204: AI could disrupt traditional industries and job markets in Africa.
Hello Venturer,
How do you feel about Artificial intelligence? Are you Pro or Anti AI?
I have mixed feelings about it. I think Africa has the opportunity to leverage AI as a transformative tool for addressing its unique challenges and unlocking new opportunities for growth and development. But I also see its dangers like job displacement and ethical concerns. AI could disrupt traditional industries and job markets in Africa.
However, realizing the potential and addressing the dangers of artificial intelligence requires concerted efforts from governments, businesses, civil society, and the international community to overcome barriers and ensure that AI benefits are accessible to all Africans.
This week, we discover if Meta’s new AI feature can deliver in Africa.
Boluwatife Areola
Content Developer, Ventures Africa.
What’s new?
Can Meta’s New AI Feature Deliver in Africa?
It’s hard to escape the conversation around AI these days. This is why earlier this year, we listed it as one of the biggest African tech trends to look out for in 2024. And explore some of the challenges, Google is trying to address with AI on the continent. Read more.
IBM released the 2024 X-Force Threat Intelligence Index highlighting an emerging global identity crisis as cybercriminals double down on exploiting user identities to compromise enterprises worldwide. Read more.
Why Nigerian Breweries is betting big on spirits and wines
The last few years have seen many Nigerian businesses shut down due to the economic climate. The Manufacturing Association of Nigeria (MAN) revealed that about 767 manufacturing companies shut down operations while 335 experienced distress in 2023. Even the multinationals are not left out. Read more.
Nigeria’s Spot as the Giant of Africa is on a Slippery Slope
In 2014, Nigeria became the largest economy in Africa and the 26th largest in the world after the country’s GDP was recalculated using 2010 constant prices. This recalculation significantly increased the estimated size of the economy. Two years later, South Africa toppled Nigeria and reclaimed its status as the largest economy in Africa. Read more.
TLCOM Closes Africa’s Largest Early-Stage VC Fund at $154 Million
Today, TLcom Capital, the Africa-focused venture capital firm, announced the final close of TIDE Africa Fund II, its second fund for technology in Africa, at $154 million. Read more.
South African Starlink users face a sudden internet blackout as the satellite internet provider terminates their service effective April 30th. In an email sent to users, Starlink cited violations of its terms and conditions, specifically highlighting the unauthorized use of Starlink kits outside designated service areas. Read more.
Soft power - To attract, persuade, influence, and shape preferences through culture. Nigeria has effectively done this through entertainment. Our music, films, and content transcend borders, commanding global attention. As master storytellers, we leverage new technologies to amplify our cultural influence. Please read our latest magazine issue to learn more.
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