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‘Godfather of AI’ says the technology will create massive unemployment and send profits soaring — ‘that is the capitalist system’

Pioneering computer scientist Geoffrey Hinton, whose work has earned him a Nobel Prize and the moniker “godfather of AI,” said artificial intelligence will spark a surge in unemployment and profits. In a wide-ranging interview with the Financial Times, the former Google scientist cleared the air about why he left the tech giant, raised alarms on potential threats from AI,…

News Corp Announces Resolution of Murdoch Family Trust Matter

News Corporation ("News Corp" or the "Company") (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today announced that the trustee and beneficiaries of the Murdoch Family Trust ("MFT") informed the Company that they have reached a mutual resolution of the legal proceedings in Nevada related to the MFT, resulting in the termination of all litigation. New trusts…

Insights as Tinubu Sacks VP’s Aide on Digital and Creative Economy

By Abiola Olawale President Bola Tinubu has announced the sacking of Fegho John Umunubo, the Special Assistant on Digital and Creative Economy in the Presidency, attached to the Office of the Vice President. The announcement came via an official statement from Abiodun Oladunjoye, Director of Information and Public Relations at the State House. According to…

France goes into political turmoil as parliament ousts PM Bayrou, puts Macron in a fix

By Obinna Uballa France was thrown into fresh political uncertainty on Monday after lawmakers overwhelmingly voted to topple Prime Minister Francois Bayrou’s government in a dramatic confidence vote. The move now forces President Emmanuel Macron to hunt for a fourth premier in less than a year. Bayrou, 74, lost the high-stakes vote by 364-194, a…

Details as SpaceX acquires $17bn EchoStar’s spectrum licenses to boost Starlink services

• EchoStar's Shares Surge in pre-market trading By Obinna Uballa Elon Musk’s SpaceX has purchased $17 billion worth of spectrum licenses from United States operator EchoStar, in a strategic move to enhance its Starlink direct-to-cell network, the two companies announced in a joint statement on Monday. The agreement will allow Boost Mobile subscribers under EchoStar…

Okoigun: Why ARCO Plc is Sponsoring NiDCOM Awards.

By Nduka Nwosu ARCO Plc GMD/CEO Engineer Alfred Okoigun recently presented awards to deserving winners in science, technology, and mathematics: (STEM) at the last Nigerian Diaspora National Merit Awards ceremony. This event presented an opportunity to recall ARCO's decades of campaign to elevate science and technology, which came to a peak as the Nigerian Excellence…

Oil Prices Set to Drop below $60 by Year-End

Analysts predict oil prices could fall below $60 per barrel by the end of the year and potentially into the mid-$50s next year due to an anticipated market oversupply. OPEC+ has begun rolling back its production cuts, returning 137,000 barrels per day to the market in October, contributing to the expected oversupply. The market consensus…

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‘Godfather of AI’ says the technology will create massive unemployment and send profits soaring — ‘that is the capitalist system’

Pioneering computer scientist Geoffrey Hinton, whose work has earned him a Nobel Prize and the moniker “godfather of AI,” said artificial intelligence will spark a surge in unemployment and profits. In a wide-ranging interview with the Financial Times, the former Google scientist cleared the air about why he left the tech giant, raised alarms on potential threats from AI,…

News Corp Announces Resolution of Murdoch Family Trust Matter

News Corporation ("News Corp" or the "Company") (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today announced that the trustee and beneficiaries of the Murdoch Family Trust ("MFT") informed the Company that they have reached a mutual resolution of the legal proceedings in Nevada related to the MFT, resulting in the termination of all litigation. New trusts…

Insights as Tinubu Sacks VP’s Aide on Digital and Creative Economy

By Abiola Olawale President Bola Tinubu has announced the sacking of Fegho John Umunubo, the Special Assistant on Digital and Creative Economy in the Presidency, attached to the Office of the Vice President. The announcement came via an official statement from Abiodun Oladunjoye, Director of Information and Public Relations at the State House. According to…

France goes into political turmoil as parliament ousts PM Bayrou, puts Macron in a fix

By Obinna Uballa France was thrown into fresh political uncertainty on Monday after lawmakers overwhelmingly voted to topple Prime Minister Francois Bayrou’s government in a dramatic confidence vote. The move now forces President Emmanuel Macron to hunt for a fourth premier in less than a year. Bayrou, 74, lost the high-stakes vote by 364-194, a…

Details as SpaceX acquires $17bn EchoStar’s spectrum licenses to boost Starlink services

• EchoStar's Shares Surge in pre-market trading By Obinna Uballa Elon Musk’s SpaceX has purchased $17 billion worth of spectrum licenses from United States operator EchoStar, in a strategic move to enhance its Starlink direct-to-cell network, the two companies announced in a joint statement on Monday. The agreement will allow Boost Mobile subscribers under EchoStar…

Okoigun: Why ARCO Plc is Sponsoring NiDCOM Awards.

By Nduka Nwosu ARCO Plc GMD/CEO Engineer Alfred Okoigun recently presented awards to deserving winners in science, technology, and mathematics: (STEM) at the last Nigerian Diaspora National Merit Awards ceremony. This event presented an opportunity to recall ARCO's decades of campaign to elevate science and technology, which came to a peak as the Nigerian Excellence…

Oil Prices Set to Drop below $60 by Year-End

Analysts predict oil prices could fall below $60 per barrel by the end of the year and potentially into the mid-$50s next year due to an anticipated market oversupply. OPEC+ has begun rolling back its production cuts, returning 137,000 barrels per day to the market in October, contributing to the expected oversupply. The market consensus…

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