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Spatialedge, an AI Startup Based in South Africa, Secures $3.1 Million in Funding
Spatialedge, a South African startup providing data and applied artificial intelligence (AI) solutions, has raised ZAR60 million (US$3.1 million) to further its goal of revolutionising the retail sector.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Microsoft Announces US $2.2 Billion Investment to Fuel Malaysia’s Cloud and AI Transformation
Today, Microsoft announced it will invest US$2.2 billion over the next four years to support Malaysia’s digital transformation – the single largest investment in its 32-year history in the country.
- Categories
- Investing, Technology
- Region
- South Asia
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Analysis: AI in Africa Opens up New Battlefront for China, US
The US and China are in a new race to shape the development, use and governance of artificial intelligence in Africa, even as African countries scramble to devise their own AI policies.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Microsoft Announces US $1.7 Billion Investment to Advance Indonesia’s Cloud and AI Ambitions
Investment includes new cloud and AI infrastructure, major AI skilling initiatives, and support for Indonesia’s growing developer community.
- Categories
- Technology
- Region
- South Asia
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AI in African Healthcare: The Good, the Bad and the RECKLESS
Artificial intelligence (AI) can have a major positive impact on the cost and quality of healthcare in emerging economies. But as AI gains traction in Africa's healthcare market, Mark Wien at PocketPatientMD calls out an alarming trend: New AI solutions are being introduced into actual practice without the proper safeguards, standards and scrutiny. And even worse, these solutions are often being developed by non-medical professionals and technologists, who rush to roll out new tools without caution — and without acknowledging or perhaps even understanding the risks they pose to vulnerable patients and health systems. He urges Africa's healthcare industry — including doctors themselves — to address this issue with the seriousness it deserves.
- Categories
- Health Care, Technology
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Scrut Automation Raises $10 Million to Enter New Markets, Incorporate GenAI Use Cases in India
Scrut Automation helps tech-first mid-market enterprises build scalable GRC programmes aligned with their goals, risks and resources.
- Categories
- Investing
- Region
- Asia Pacific
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From Proxy IDs to Autonomous Payments: Why the Future of Financial Services is Hyper-Efficiency
Despite the rise of digital banking and other technological advancements, financial services are still plagued by significant inefficiencies. Author and serial entrepreneur Arunjay Katakam explores the causes and consequences of these inefficiencies — including their impact on lower-income customers — and discusses some emerging innovations that are addressing them. He explains why the sector's growing efforts to streamline back-end processes, reduce transaction costs and enhance operational efficiency will be pivotal in shaping the future of financial services.
- Categories
- Finance, Technology
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African VC Firm P1 Ventures Completes 2nd $35 Million Close of Fund II
Founded in 2020, P1 Ventures is a high-conviction investor on a mission to back Africa’s best entrepreneurs.
- Categories
- Investing
- Region
- Sub-Saharan Africa