63 Anthropic has raised US$65-billion at a post-money valuation of $965-billion, as it seeks to expand computing capacity to meet growing demand for chatbot Claude and scale its products. The new valuation…
Category: Business
Paratus serves up pro padel in Maputo
61 As padel continues its rapid rise in popularity across Africa and around the world, Paratus Mozambique is bringing top talent, passionate players and communities together by sponsoring the highly anticipated Paratus…
Municipal Employees Pension Fund ordered to pay two-pot withdrawal benefit
59 Funds may not venture beyond registered rules, says adjudicator. The Office of the Pension Funds Adjudicator (OPFA) has ordered the Municipal Employees Pension Fund (MEPF) to allow a member access to…
Why dating at work is often a bad idea
54 Image Credit: Pexels Workplaces are meant to be professional environments where individuals collaborate to achieve common goals. While forming friendships at work is natural, dating a colleague can introduce complexities that…
Spinnaker launches in South Africa, backed by Motsepe’s ARC
76 Spinnaker Support CEO Mathew Stava Spinnaker Support, a US-based provider of third-party support for enterprise software, has formally launched in South Africa in partnership with Patrice Motsepe’s African Rainbow Capital (ARC),…
IBM doubles down on quantum computing with $10-billion bet
84 A quantum computer built by IBM IBM will invest more than US$10-billion in coming years in an effort to deliver the first large-scale fault-tolerant quantum computer by 2029, according to an…
Sarb hikes repo rate for first time in 3 years
68 This is the first time since May 2023 that the repo rate has been hiked. The South African Reserve Bank (Sarb) Governor Lesetja Kganyago said the Monetary Policy Committee (MPC) decided…
Why do we feel so broke? Questions on money
69 Image Credit: Pexels Feeling broke is a common experience in today’s world, even for those who earn a steady income. This feeling goes beyond just having little money in the bank;…
Why AI gets smarter as it scales
61 New research from the University of the Witwatersrand offers a fresh explanation for one of the most-discussed questions in AI: why large language models develop structured, increasingly capable behaviour as they…
Reserve Bank breaks its run of calm and hikes rates
63 The South African Reserve Bank has raised its benchmark repo rate by 25 basis points to 7%, breaking a run of stability as a deepening Middle East crisis drives oil prices…