Internet

PwC Reports AI Won’t Kill The Job Market

PwC Reports AI Won’t Kill The Job Market

Internet, Technology
It’s impossible to say precisely how artificial intelligence will disrupt the job market, so researchers at PwC have taken a birds eye view from the top down, and pointed to the results of sweeping economic changes. Their prediction, in a new report out Tuesday, is that it’ll all balance out in the end. More automation in trucks, factories and elsewhere could decimate around 7 million existing jobs in the UK by 2037. But the rise in robots and machine-learning software will make the country more productive over the next two decades, growing at a 2% annual clip, to put nearly the same number of jobs back in the system: 7.2 million, PwC estimates. To be clear those new jobs won’t involve building robots or coding AI-powered software, which will only make up around 5% of employment, sa
Uganda to rethink social media tax after backlash

Uganda to rethink social media tax after backlash

Business, Internet, social media
Uganda is reviewing its decision to impose taxes on the use of social media and on money transactions by mobile phone, following a public backlash. The tax means Ugandans will now have to pay 200 Ugandan shillings ($0.05) a day to use popular platforms like Twitter, Facebook, and WhatsApp. Prime Minister Ruhakana Rugunda made the announcement soon after police broke up a protest against the taxes. President Yoweri Museveni had pushed for the taxes to boost government revenue and to end "gossip" on WhatsApp, Facebook and Twitter. Critics accused the 75-year-old of trying to stifle dissenting voices. The social media tax targets the use of what are described as Over The Top (OTT) services, which offer "voice and messaging over the internet", according to a previous statement by telecom c...
YouTube will invest $25m to crack down on fake news

YouTube will invest $25m to crack down on fake news

Cyber Security, Internet
Google's YouTube says it is taking several steps to ensure the veracity of news on its service by cracking down on misinformation and supporting news organizations. The company is joining its parent company Google, as well as Facebook and Apple, in campaigns to stem fake news ahead of the US midterm elections. The company said on Monday it will make "authoritative" news sources more prominent, especially in the wake of breaking news events when misinformation can spread quickly. YouTube also said it will commit $25 million over the next several years to improving news on YouTube and tackling "emerging challenges" such as misinformation. That sum includes funding to help news organizations around the world build "sustainable video operations," such as by training staff and improving prod...
Bridging digital divide through analogue technology

Bridging digital divide through analogue technology

Internet, Technology
A study funded by the UK Economic and Social Research Council and the Department for International Development found that some young people in Africa are using smartphones successfully to access or create employment. The use of internet has also become almost indispensable in economics, politics and development in the world. These technological inventions have spawned myriad opportunities that have transformed livelihoods and vastly improved services across the globe. In addition, digital revolution has brought immediate private benefits, easier communication and access of information. This has consequently shattered barriers to international trade and interactions, creating a more connected global community. According to a World Bank report, the number o...
African Accelerators increasingly targeting niche programmes

African Accelerators increasingly targeting niche programmes

Business, Internet
Accelerator programmes in Africa are increasingly going niche, targeting specific programmes targeted at startups in spaces such as fintech and health, instead of following the more traditional 500 Startups, Y Combinator, or, in Africa, 88mph models. But why are niche programmes suddenly so in vogue on the continent? Has the landscape changed since 88mph departed the scene after programmes in Kenya, South Africa and Nigeria that had mixed success? Do we yet know the real ingredients for a successful African accelerator? Adedana Ashebir is regional manager for Africa at Village Capital, which has run a host of focused accelerators across the continent, most recently a fintech programme with PayPal. She said niche accelerators allow entrepreneurs to share best practices and lessons lea...