News
ITU Partners IBM Watson’s XPRIZE to Promote AI Innovation

Data volumes are soaring to previously unimaginable heights. More data has been created in the past two years than in the entire history of humanity. 2.5 quintillion (that is, one-billion billion) bytes of data are produced every day by sensors, mobile devices, online transactions and social networking.
It is predicted that, by 2020, each person on the planet will account for the creation of an average of 1.7 megabytes of new data every second.
Scalable AI solutions could help address humanity’s biggest challenges
Drawing meaningful insight from such vast amounts data is beyond our capabilities as humans, but perhaps not those of machines.
Artificial Intelligence (AI) and machine learning have the potential to make sense of gargantuan datasets with multiple variables, leading us to ask: what if humans could collaborate with powerful AI technologies to collect and analyze data in the interests of solving the problems most relevant to the future of civilization on our planet?
This is the question that inspired the creation of the IBM Watson AI XPRIZE, a 5 million USD competition that aims to accelerate the development of scalable AI solutions to address humanity’s grandest challenges.
How AI can help accelerate sustainable development
Many of these grand challenges are best described by the United Nations’ Sustainable Development Goals (SDGs), an ambitious set of 17 development goals to be achieved by 2030, including goals to end poverty, fight inequality and injustice, and tackle climate change.
AI innovation is certain to assist in the pursuit of the SDGs, with practical applications of machine learning, reasoning, planning and perception bearing the potential to improve the efficiency and sustainability of healthcare, education, transportation, agriculture, commerce and more.
As an example, tracking poverty in Africa is essential in collecting data to support development initiatives but collecting this data manually can be dangerous, slow and expensive. A new study building on satellite imagery and a machine-learning technique called “convolutional neural networks” provides an alternative: mapping poverty from space.
Our partnership with ITU
The global, technical nature of XPRIZE, and our mutual recognition of the importance of the competition, led us to sign a partnership agreement last month with ITU.
As the United Nations specialized agency for information and communication technologies (ICTs), ITU will draw on its global network of ICT experts to propose judges to join the XPRIZE scientific advisory board, in addition assisting in the proposition of datasets, test environments and other resources to aid the research of XPRIZE entrants. ITU also plans to offer mentors and other technical experts to assist entrants in improving their applications and showcasing their work, and this offer of assistance will also extend to the provision of an ecosystem of technical tools and resources.
For those interested in learning more about the extraordinary potential of AI, I would encourage you to attend ITU’s series of talks on the topic to be moderated by Stephen Ibaraki at the upcoming ITU World Telecommunication Standardization Assembly in Hammamet, Tunisia; as well as at ITU Telecom World and the ITU Kaleidoscope academic conference in Bangkok, Thailand.
ITU has also created a new LinkedIn group for debate on cutting-edge AI technologies and related ICT applications and services, with the aim of promoting discussion on the future course of AI innovation and its implications for technical standardization and governance.
Past XPRIZE competitions have helped to push the boundaries of what is possible with technology, rewarding teams for coming up with new ideas in areas such as spacecraft development, unmanned ocean exploration or mapping the human genome. The USD 10 million prize for innovations in the area of private space travel, for example, led contestants to spend over 100 million USD on research and development fundamental to the creation of today’s 2 billion USD private space industry.
We hope that this competition will provide similar stimulus to AI innovation, leading to breakthroughs that positively impact people’s lives. I encourage you to register today to help shape the future of AI technology.
Banifatemi is the Prize Lead of the IBM Watson AI XPRIZE.
News
NRC, Ponzi Scheme Collapses Resulting Loss of Billions of Naira

National Reading Culture (NRC), an online investment platform targeting Nigerians has collapsed, resulting in the loss of billions of Naira for investors.

The website unexpectedly shut down, blocking users from withdrawing their funds and locking in their investments.
Just like all other investment scams, victims were lured with promises of doubling their money in few weeks.
When National Reading Culture eventually crashed, the operators vanished with users’ funds, leaving investors devastated.
How the Platform WorkedTask-Based Earning:
According findings, National Reading Culture lured users with promises of making money by completing simple daily tasks like reading articles, clicking links, or inviting friends.
They also offered investment tiers to earn higher daily profits, where users had to deposit their own money into the platform.
Evidence showed the website previously operated as a Chinese job search platform before rebranding into an “earning” scheme.
News
NSITF Partners South African Insurer on Digital Transformation

The Nigeria Social Insurance Trust Fund (NSITF) has signed a memorandum of understanding (MoU) with Rand Mutual Assurance (RMA) to collaborate on digital transformation aimed at strengthening worker protection systems and support economic growth.

According to RMA, the agreement was concluded during a visit by its delegation to Abuja.
The partnership will focus on institutional capability development, modernising operating models, improving service delivery and sharing knowledge between the two organisations.
Through the partnership, RMA and NSITF will collaborate to strengthen institutional capability, modernise operating models, accelerate digital transformation and improve services for workers and employers.
The organisations will also explore opportunities for knowledge exchange and the adoption of best practices in social security administration.
RMA said the agreement forms part of its broader engagement with governments, regulators and social security institutions across Africa to support improvements in governance, operational resilience and service delivery.
“Our partnership with NSITF reflects much more than the signing of an agreement,” said Mandla Shezi, group chief executive officer of RMA. “This partnership is not simply about sharing knowledge. It is about co-creating the next generation of African social security systems.”
He added: “By combining our respective strengths, we can help build institutions that are more resilient, more responsive and better equipped to protect workers while supporting national development.”
Shezi said the future of social security depends on integrated systems where prevention, insurance, healthcare, rehabilitation, technology, investment management and institutional capability work together.
News
Microsoft to Lay Off 4,800 Workers

Microsoft has announced plans to cut about 4,800 jobs, representing roughly 2.1 percent of its global workforce, with Xbox, its gaming division, expected to bear the largest share of the layoffs.

The company said more than 1,600 positions at Xbox would be eliminated immediately, while another 1,600 jobs would be phased out over the next year as part of a major restructuring of the gaming business.
In a memo to employees, Amy Coleman, executive vice president, Microsoft, said the company was streamlining its operations to focus on areas that deliver greater value to customers in a rapidly changing technology industry.
Asha Sharma, chief executive officer, Xbox, described the move as “the most significant restructure in Xbox history,” saying the changes are intended to position the gaming business for long-term growth rather than downsizing.
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