Kenya AI startup receives pre-seed round investment from EchoVC

EchoVC proudly announces a pre-seed investment into – an AI-driven startup running an automated responsible platform that supports enterprises in building and deploying AI systems. The raise also drew participation from APX, Dale Mathias, TheContinent Venture Partners, Fine Day Ventures, and Arch Capital. Artificial Intelligence (AI) technology affects both consumers and enterprises in a manner … Read more

Rising Ad Spend On YouTube, Search, Shopping Drive Record Q2 Results At Google

It may have taken 16 years, but YouTube is finally growing up, at least in terms of being a viable growth driver for the world’s largest search engine, Google, and its parent company Alphabet. For the three months ending June 30, the online video sharing and social media platform booked its highest revenues ever, delivering … Read more

Webinar: Unmortgage your mortgage processes with data

Historically, mortgages are one of the most paper-driven processes in banking, affecting the overall customer experience. Today, with competition high for customers’ signatures, the best rates alone are not the only thing being considered. Customers expect the “right here, right now” experience, and if they are unable to get this from one company, they will … Read more

Convergence Partners to support digital inclusion in Africa with $120M fund

Convergence Partners will lead the charge for digital inclusion in Africa after closing its third fund a $120 million raise – the Convergence Partners Digital Infrastructure Fund (CPDIF). The fund aspires to hit a final $250 million. Convergence Partners stands out as the largest private equity fund fixated on Africa’s digital infrastructure with over $400 … Read more

How AI can help identify front and shell companies

In recent years, financial crime scandals involving front and shell companies have led to fines of hundreds of millions, even billions, of dollars. Detecting front and shell companies can help banks and fintechs avoid huge regulatory fines Illicit actors have long used these anonymous entities for money laundering, terror financing, tax evasion and other financial … Read more

Israel to examine whether spyware export rules should be tightened

Commission to review claims NSO’s Pegasus was misused by customers to target journalists and activists An Israeli commission reviewing allegations that NSO Group’s Pegasus spyware was misused by its customers to target journalists and human rights activists will examine whether rules on Israel’s export of cyberweapons such as Pegasus should be tightened, a senior MP … Read more

UNDP-Togo and FAIJ launch US$476K annual fund for West Africa startups

FAIEJ (The Support Fund for Economic Initiatives for Young People) alongside the United Nations Development Program Togo has launched a fund targeting young entrepreneurs in Togo. The US$476,000 Togolese Facility for Acceleration and Innovation will assist the most innovative and ambitious companies. The fund also offers financial assistance to startups and incubators in forming new … Read more

Disability rights advocates are worried about discrimination in AI hiring tools

Your ability to land your next job could depend on how well you play one of the AI-powered games that companies like AstraZeneca and Postmates are increasingly using in the hiring process. Some companies that create these games, like Pymetrics and Arctic Shores, claim that they limit bias in hiring. But AI hiring games can … Read more