Author: Akin Naphtal

The conversational AI tool ChatGPT which has been created by Open AI has accomplished a significant milestone in its brief existence. OpenAI is a research firm specializing in artificial intelligence and a few months earlier it unveiled ChatGPT, an AI-powered chatbot, for public testing as per the company’s claims researchers have taught the ChatGPT to converse with users in a “conversational style,” opening it up to a larger range of users. According to current sources, Chat GPT reached a million subscribers barely five days after it was established in November 2022. This is a remarkable accomplishment, particularly in light of…

Digital banking capabilities have been steadily growing over the past decade. Indeed, what started with a website then extended to mobile, and today people use their smartphones as the norm. There is demand for robust and customer centric user experiences that are omni and opti-channel as a standard part of the service. Expectations are reflected in broader life! People enjoy personalised and tailored suggestions from Netflix and Amazon. They want to have a frictionless experience when they deal with products and services and have come to expect that they can deal with any given service provider over a channel of…

Spatial Labs, a web3 infrastructure and hardware company based in Los Angeles, has closed a $10 million seed funding round led by Blockchain Capital to develop new products and for growth initiatives. The round also included Marcy Venture Partners, an investment firm co-founded by musician and entrepreneur Jay-Z. Founded in 2021 by Iddris Sandu, a 25-year-old Ghanaian-born, California-based entrepreneur, Spatial Labs creates embedded microchip hardware called LNQ that allows users to check an item’s provenance and past history – usually clothes. Almost like a QR code, tapping the LNQ chip with a phone unlocked online and in-person experiences, such as…

Cryptocurrency exchange platform Coinbase is to cut around 950 jobs – 20% of staff – as it looks to shore up its operational efficiency amid a wider economic downturn. According to the company announcing the cut, CEO and co-founder Brian Armstrong says that in 2022, “the crypto market trended downwards along with the broader macroeconomy”. As a result, the firm is cutting its operational expense by around 25% quarter on quarter, Armstrong says, which includes letting go of around 950 people. READ MORE: Cisco Partners Microsoft on Innovations to Advance Hybrid Work Experience with Audio and Interoperability Tesla defeated by…

During the Integrated Systems Europe (ISE) 2023, Cisco showcased its new range of collaboration devices for Microsoft Teams and unveiled the new Cisco Table Microphone Pro, a digital and multi-directional table microphone for hybrid workspaces, along with audio interoperability advancements. The innovations meet the needs of hybrid workers, delivering more inclusivity and choice for meetings, while improving the manageability, configuration, and security required by IT. According to Jeetu Patel, EVP and GM, Security & Collaboration, Cisco, said “The future of work is now and it’s hybrid, which requires a truly exceptional and inclusive experience that’s not confined by location, device,…

The Digital Economy Magazine, a leading voice in technology, has named Marc Huffman, CEO of Blackline as Digital Economy Personality of the week for the month of Jan 29th-Feb 4th,2023 ranking.Marc is a cloud accounting software industry veteran with an exceptional record leading sales and operational teams and driving growth at successful software companies. He joined BlackLine in early 2018 as Chief Operating Officer and was named President in February 2020, leading the company’s worldwide sales, marketing, technology and all customer-facing organizations.With the promotion to CEO in early 2021, he assumed responsibility for the company’s people, legal, facilities and finance…

The race is on for auto-manufacturing companies to become the first ones to develop and implement a high level of autonomy in their cars. Mercedes seems to have won a crucial race against Tesla recently by becoming the first certified Level-3 autonomous car company in the United States. The feature is currently only available in the latest S-Class and EQS Sedan which are currently in production and should reach the Vegas strip by the third quarter of this year. READ ALSO: TelcoSwitch Appoints Matt Mansell as New CEO Faurecia-Aptoide Partners Catappult in New launch of World First apps distribution hub…

Global Processing Services (“GPS”), a fast-growing next-gen global payments technology platform, has announced the appointment of Jim McCarthy as Executive Vice President – Global Head of Sales and Product, and Kevin Fox as the company’s new Chief Revenue Officer. According to a press release obtained by Digital Economy Mag, Jim will lead GPS’ global commercial and product teams in close collaboration with Kevin on sales acceleration. Jim is a highly accomplished payments veteran with over 30 years of experience, including 18 years at Visa where he held senior roles in sales, risk and authentication, consumer credit, digital products and product…

In an open letter to the Prime Minister Rishi Sunak, experienced technology executives have said the creation of a UK semiconductor strategy is a matter of urgency. The signatories on the letter from an organization called Tech London Advocates include Hermann Hauser, of Amadeus Capital Partners; Jalal Bagherli, former CEO, Dialog Semiconductor; Janet Collyer, who spent 30 years with Cadence Design Systems; Jillian Hughes, Network Director at the National Microelectronics Institute The letter reads: “The technology and manufacturing sectors have been waiting more than two years for the promised strategy, and confidence in the Government’s ability to address this industry’s…

Australia’s leading space research centre, SmartSat CRC has appointed Dr Michele Allan as the new chair. The appointment came after the sudden passing of inaugural Chair Dr Peter Woodgate in December last year. Dr Allan AO is highly experienced and brings a wealth of leadership skills from some of Australia’s key industries. She is currently the Chair of the Boards of Charles Sturt University, the Food and Agribusiness Growth Centre (FIAL), Trusted Autonomous Systems Defence CRC, and Wine Australia. She also holds a Bachelor of Applied Science from the University of Technology Sydney, a Master of Management of Technology from…