US tech stocks slide after Altman warns on AI future and MIT study casts doubt on the hype

Investor enthusiasm for artificial intelligence wavered Tuesday as major tech stocks sold off. Nvidia dropped 3.5% and Palantir nearly 10% after an MIT study claimed 95% of companies see no returns from generative AI, while OpenAI’s Sam Altman warned of a potential bubble. Nasdaq futures were down this morning, premarket. Investors’ long-running enthusiasm for artificial…

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Trump’s nod to Europe on a future peace force for Ukraine vastly improves its chances of success

The greenlight given by President Donald Trump on U.S. backup for a European-led force to police any future peace agreement in Ukraine vastly improves the likelihood it might succeed. European leaders said Trump offered his backing during a call they held ahead of his summit with his Russian President Vladimir Putin on Friday. The effectiveness…

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Stablecoins as the Future of Payments

Narrow banking is a concept first proposed by the Chicago School economists and was brought up again during the savings and loan crisis. It advocates for the separation of main banking functions, encompassing two primary categories of institutions: Narrow Banks: These financial institutions offer fully guaranteed deposits with premium liquid assets, such as Treasury Bills…

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Public-Private Synergy Takes Center Stage As BAT Nigeria Champions ESG Future Through Landmark Forum – Independent Newspaper Nigeria

3 British American Tobacco (BAT) Nigeria has issued a bold invitation to both public and private sector leaders to join hands in mainstreaming Environmental, Social, and Governance (ESG) principles as the foundation for Nigeria’s industrial and economic transformation. Speaking at the Green Business Breakfast Meeting held at the John Randle Centre in Onikan, Lagos, Odiri…

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The APC Effect: 10 Years That Crippled Nigeria’s Economic Future

A decade after the All Progressives Congress (APC) came to power on the promise of “change,” Nigeria’s economic outlook is now marked by stagnation, soaring inflation, ballooning debt, and rising poverty. From being Africa’s fastest-growing economy to one of the continent’s most distressed, the story of Nigeria’s economic decline is inextricably linked to the APC’s…

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New Horizons for Gaming and Betting: Looking to the Future

African countries in the recent past experienced an unprecedented boom in interest in the video gaming and sports betting industries. Both industries, previously separate, are now becoming part of a single ecosystem, influencing the economy, leisure and technology development. The majority of analysts believe that their synergy opens huge opportunities for business and younger generations….

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IASC Webinar Champions Statistical Mentorship to Shape Future of Data Science in Africa

By Kazeem Ugbodaga In a bid to foster the next generation of data scientists and statisticians across Africa, the African Members Group of the International Association for Statistical Computing (IASC-AMG) held a thought-provoking webinar titled “Advancing Statistical Practices through Statistical Mentoring.” The event was led by Dr. Monday Osagie Adenomon, Associate Professor of Econometrics and…

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