Cape Town announces cash for power system
(MyBroadband) – The city of Cape Town announced it will now pay cash to independent power producers who have excess electricity they would like to sell back to the city. The system will launch to businesses and soon to residents. Cape Town aims to give residents four stages of load-shedding protection within the next three years. READ MORE.
Big increase in South African company liquidations
(Daily Investor) – Company liquidations surged towards the back end of last year because of the heavy toll that load-shedding has had on small businesses. Stats SA reports that company liquidations increased by 18.3% month-to-month and up to 30.3% year-on-year. READ MORE.
ChatGPT’s creator OpenAI has doubled in value since 2021 as it goes viral and Microsoft piles in
(Business Insider) – The parent company of the popular artificial intelligence chatbot, ChatGPT, has skyrocketed in value since 2021 and the company received another cash injection this week with Microsoft promising to invest a further $10 billion in the AI lab. Semafor reports that the funding would value OpenAI at $29 billion. READ MORE.
Google is being sued by the US government and eight states over online advertising
(The Verge) – The US department of justice and eight other states are suing Google, which it claims has a monopoly over the digital advertising market. The lawsuit alleges Google abuses its ‘monopoly power’, which disadvantages other websites and advertisers who seek to use different advertising tools. READ MORE.
US and Germany ready to send tanks to Ukraine – reports
(BBC News) – After months of negotiations the United States and Germany have finally agreed to send battle tanks to Ukraine in what officials hope will be a game changer for the country as it seeks to push back against the Russian onslaught. READ MORE.
