Author: ITPulse

Tesla’s stock took a significant hit, plummeting 12%, following the release of its second-quarter earnings, says Antonio Ernesto Di Giacomo – Market Analyst Latam at xs.com. He believes that while the company surpassed revenue expectations, falling short of earnings per share estimates and declining vehicle sales raised concerns among investors. The electric vehicle giant’s core business faced headwinds, primarily due to shrinking margins and intensifying competition. Higher production costs and price adjustments to counter rivals have impacted profitability. However, Tesla’s energy storage segment emerged as a bright spot, demonstrating a substantial 158% growth. This division’s potential to diversify revenue streams is…

Nigeria has been recognized for its strides in digital transformation, securing a commendable 71% rating in a new report by the International Telecommunication Union (ITU). The report, conducted in partnership with the United Kingdom’s Foreign, Commonwealth & Development Office (FCDO) and Nigeria’s Communications Commission (NCC), assesses countries’ legal, policy, and governance frameworks against the G5 standard – a benchmark for advanced digital transformation readiness. The report, titled “Collaborative Regulation: Accelerating Nigeria’s Digital Transformation,” places Nigeria among Africa’s top seven nations in terms of 5G readiness, highlighting the country’s potential for rapid deployment and adoption of advanced mobile networks. Key findings…

By Amar Subramanya Every day, we learn about how people are using Gemini to be more productive, creative and curious. And with today’s update, Gemini is getting better at helping you accomplish those tasks in ways that work best for you. You can now access 1.5 Flash in the unpaid version of Gemini for faster and more helpful responses. Plus, we’re introducing a new feature to further address hallucinations, and expanding our Gemini for Teens experience and mobile app to more places. Faster, smarter responses with 1.5 Flash We’ve heard that one of the main reasons people enjoy using Gemini…

Africa, one of the fastest-growing mobile markets in the world, has experienced a digital revolution over time. Unlike most developed regions with broadband access, Africans depend heavily on mobile devices for internet access. This is facilitated by the availability of smartphone devices and low data costs. The East African region, for instance,  boasts a 100% mobile penetration rate, exceeding Africa’s average of 92% and approaching the global average of 111%. Kenya tops the chart with a penetration rate of 129%, followed by Tanzania at 113%. These data make one thing clear: Africa’s fintech industry is also experiencing an upsurge. This…

Following a month-long initiative aimed to equip women with valuable skills and knowledge in the print and imaging sectors, Canon, a leader in imaging solutions in partnership with WISCAR (Women in Successful Careers) today graduated 15 women in Nigeria in what it tagged “Women Who Empower” program. . At the graduation ceremony held at the Radisson Blu Ikeja, Lagos, Canon Ambassadors, Emmanuel Oyeleke (lifestyle photographer) and Daniel Ehimen (cinematographer & director), who led the month-long workshops on photography, videography, content creation, and printing emphasized empowerment and inclusion. The two instructors noted that the initiative shows Canon’s commitment to diversity and…

Nigeria faces a challenge: many children lack access to quality education. To bridge this gap, UNICEF’s global Learning Passport program joined forces with TECNO, a leading tech innovator, to support the Nigeria Learning Passport initiative launched in 2022. This digital learning platform empowers children nationwide with curriculum-aligned resources in their local languages. Accessible online and offline, the program ensures children can learn anytime, anywhere. The platform boasts a rich library, from foundational skills to advanced topics, along with professional development for educators. With over 888,000 users across 19 states, Nigeria is the second-largest participant in the global program. TECNO’s partnership…

Infobip has expanded its partnership with Oracle by becoming an Independent Software Vendor (ISV). This will allow the cloud communications platform to integrate seamlessly with Oracle Cloud Marketplace (OCM), making its omnichannel communication solutions readily available to all Oracle users. In a joint press release, the two organisations noted that the partnership is a win-win for all, stressing that Infobip’s ISV status and expanded presence on OCM mark a significant step forward for businesses seeking to elevate their customer engagement strategies. Veselin Vuković, Infobip’s Global VP for Strategic Alliances & Partnerships, echoes this sentiment. “By integrating our platform with any…

A recent study by Finbold has revealed that in the first quarter of 2024, tech titans Amazon and Microsoft controlled a whopping 56% of the global cloud infrastructure market. This dominance is further highlighted by Microsoft Azure’s steady climb, stealing market share from Amazon Web Services (AWS). Over the past three years, Azure’s share jumped from 21% to 25%, while AWS dipped slightly from 33% to 31%. Azure’s rise is likely linked to Microsoft’s focus on cutting-edge technologies like AI and machine learning, evident in their early investment in OpenAI, the creators of ChatGPT. This growth is fueled by the…

Tech giant TECNO is taking a big step to support young football talent in Nigeria. They recently signed a Memorandum of Understanding (MOU) with the Lagos State Sports Commission to kick off a project that will revamp a local football pitch in Lagos. This initiative goes beyond just fixing up a field. TECNO’s vision is to transform neglected pitches into top-notch training centers. This will provide a safe and inspiring space for young athletes to develop their skills and chase their dreams of becoming football stars. The signing ceremony, held at the Lagos State Sports Commission office, was a significant…

By Dayo Omoogun There is palpable anger against the Emefiele regime that held sway at the Central Bank of Nigeria from June 2014 to June 2023, even one year after its sack, which is understandable considering the treacherous looting of the national patrimony, the flagrant abuse of office and the avoidable suffering he and his co-travelers unleashed on Nigerians through the deliberately flawed implementation of some of its policies, some of which were also patently ill-timed. Without a doubt, one episode of the series of bungling the bank’s policies which is likely to remain fresh on the minds of Nigerians…