Microsoft shares jumped 15% after cloud guidance eased fears that its AI spending had outrun demand.
Top News
Nedbank has appointed Nikos Angelopoulos, formerly MTN Group’s CIO, to the same role at the bank.
Eskom recorded a daily energy availability factor of 80.24% on 20 July, its best single day since 20 September 2017.
The transmission operator will own the assets outright, reversing a plan approved by the energy minister in December.
More News
A severe geomagnetic storm has reached Earth, with Sansa warning of elevated space-weather risks on Tuesday.
The move comes amid a feud between Sentech and the SABC over the former’s fees for signal distribution.
Sansa has warned that a powerful solar eruption could trigger severe geomagnetic storm conditions.
High mobile internet use may be masking a fibre broadband shortfall that is limiting South Africa’s economic growth.
Defence priorities, AI and a possible SpaceX IPO are fuelling renewed global investment in space technology.
Educated youth in high-income nations face growing automation risks as AI disrupts skilled entry-level roles.
World News
Meta shares plunged 14% in pre-market trading on Thursday after news of its planned spending on AI unnerved investors.
Upcoming quarterly reports may show Microsoft is closing the gap on cloud computing market leader Amazon.
Changpeng Zhao should serve 36 months in prison after pleading guilty to violating money laundering laws, prosecutors said.
X is launching a TV app, pushing deeper into video and entertainment content as it takes on the likes of Google’s YouTube.
Scientists have yet to start a fusion reaction that sustainably produces more energy than it uses. But excitement has grown as government and private plans move closer to the “net-energy gain” threshold.
Ethereum is making big changes. Perhaps the most important is the jettisoning of the “miners” who track and validate transactions on the the world’s most-used blockchain network.
