E-Business
Excitement as Konga Ups the Tempo With 12th Anniversary

The much-anticipated Konga Anniversary sale is here, and this year, it promises to be bigger and better than ever. As part of the Konga Mid-Year Shopping Festival, the anniversary sale will run from July 1 to July 31.
During this time, Konga will offer shoppers ultra discounts, unbeatable prices, free and same-day delivery, and exciting deals across all product categories. Celebrating its 12th anniversary, Konga is set to make this month-long event a memorable shopping experience for all its customers.
The Konga Mid-Year Shopping Festival has already been an immense success, with savings on Fast-Moving Consumer Goods (FMCG), Home and Kitchen Appliances, Electronics, Computing, Mobile Phones, Wine & Spirits, Fashion, and more.
As Konga celebrates its 12th anniversary, the discounts and offers are set to reach unprecedented levels. Shoppers can expect price slashes on a wide range of products, allowing them to save significantly on their purchases.
Konga, Nigeria’s leading e-commerce platform, has always been synonymous with quality, reliability, and superior customer service. Over the years, it has grown to become a household name, providing genuine products and exceptional service to millions of Nigerians.
This year’s anniversary sale is a testament to Konga’s commitment to its customers, offering extra savings and incredible deals that are too good to miss.
Since its inception in 2012, Konga has consistently strived to provide the best shopping experience for its customers. The growth and success over the past 12 years are a testament to its unwavering commitment to quality, customer service, and innovation.
As Konga celebrates its 12th anniversary, it is also celebrating the loyalty and trust of its customers, who have been the driving force behind its success.
“We’re thrilled to offer our customers an unparalleled shopping experience this July,” says Dave Omoregie, COO at Konga. “The combination of the ongoing Mid-Year Shopping Festival and our 12th Anniversary Sale creates a double dose of savings that’s truly unbeatable.
“We’re committed to providing Nigerians with access to high-quality products at affordable prices, and this event exemplifies that commitment.”
Konga has built a reputation for being a trusted e-commerce platform where customers can find genuine products at unbeatable prices. The anniversary sale is an opportunity for shoppers to experience the freedom and convenience that Konga offers. With the best prices, free delivery, and a wide selection of products, customers can shop confidently, knowing that they are getting the best prices available.
Customers in major cities will also enjoy having their orders delivered to their doorstep on the same day at no extra cost.
This value is only available on selected products. This service is part of Konga’s ongoing efforts to enhance the shopping experience and ensure customer satisfaction. With this initiative, Konga aims to set a new standard for e-commerce delivery in Nigeria.
The anniversary sale is an opportunity for all customers to join in the celebration and take advantage of the incredible deals on offer.
With a month-long celebration of unbeatable deals, convenience, and a touch of anniversary magic, Konga has everything you need to make this shopping extravaganza truly unforgettable.
Take advantage of this opportunity to save big and enjoy a premium shopping experience.
E-Business
Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands

Eric Schmidt, former Google CEO has expressed concerns about the extreme risks posed by artificial intelligence (AI) falling into the hands of terrorists or rogue states.

Eric Schmidt, former Google CEO
He warned that nations such as North Korea, Iran, and Russia could adopt AI technologies to develop weapons capable of causing significant harm, including biological weapons.
Schmidt urged governments to oversee private tech companies, emphasising, “The real fears I have are not the ones most people discuss about AI, I talk about extreme risk.”
“I’m always worried about an ‘Osama Bin Laden’ scenario, where truly evil individuals take control of some aspect of modern life to harm innocent people,” he added.
With private companies driving AI advancements, he stressed the need for careful government monitoring and regulation. “It’s really important that governments understand what we’re doing and keep their eye on us,” he said.
His remarks followed a two-day AI summit in Paris, where the UK and the U.S. declined to sign a communiqué outlining the future direction of AI. The declaration on “inclusive and sustainable artificial intelligence for people and the planet” was endorsed by 57 countries, including India, China, the Vatican, the EU, and the African Union Commission.
The UK justified its decision, stating that the agreement lacked “practical clarity” on global AI governance and national security concerns.
Schmidt supports U.S. export controls restricting the sale of advanced AI microchips to certain countries, aiming to slow adversaries’ progress in AI research.
He also highlights the importance of international collaboration on AI safety, suggesting that cooperation with nations like China is essential to addressing global AI challenges.
E-Business
OpenAI CEO Rejects $97.4Bn Takeover Bid from Elon Musk

Sam Altman, chief executive of ChatGPT-owner OpenAI, has firmly declared the company “not for sale” following a $97.4bn (£78.4bn) takeover bid from a consortium led by Elon Musk.

Elon Musk
Speaking at the AI Action Summit in Paris, Altman emphasised OpenAI’s mission to develop AGI (artificial general intelligence) for the benefit of humanity.
Marc Toberoff, attorney for Elon Musk, confirmed the bid submission on Monday.
In response, Altman humorously offered to buy Twitter for $9.74 billion on Musk’s platform.
Unlike many tech giants, OpenAI is not publicly traded but operates through a complex partnership between non-profit and for-profit entities.
Musk aims to return OpenAI to its non-profit roots, despite owning a rival firm, xAI.
Christie Pitts, a tech investor, expressed scepticism about Musk’s intentions, noting his competitive interests.
Altman echoed this sentiment, suggesting Musk’s move disregards OpenAI’s mission.
Altman, who holds no stock in OpenAI, advocates transforming the organisation into a fully for-profit company to raise more funds for AI research.
Although the board has the final say, the $97.4bn offer falls short of OpenAI’s previous $157bn valuation and rumoured $300bn in future funding talks.
Toberoff stated the consortium might increase their bid. Meanwhile, OpenAI is collaborating with Oracle, a Japanese investment firm, and an Emirati sovereign wealth fund on “The Stargate Project,” a $500 billion AI infrastructure initiative announced by President Donald Trump.
E-Business
Adobe Launches AI Video Tool to Compete with OpenAI

Adobe yesterday released the first public version of an artificial intelligence tool that can generate video clips and revealed how much it will charge, but said it will not set pricing for major users such as studios until later this year.
The Firefly Video Model, as Adobe is calling the service, will compete against Sora, a model developed by ChatGPT creator OpenAI, and startup Runway, both of which currently offer video-generation services. Facebook owner Meta Platforms has also developed a video-generation AI model but has not given a timeline for when it will be released.
Adobe’s model differs from its rivals because it is geared toward generating clips that will fit into how film and television studios use Premiere Pro, its flagship video editing software.
To that end, many of the features that Adobe is emphasizing revolve around feeding existing shots into the video model and asking it to generate clips that fix or expand on shots that were taken on a real production set but that did not come out quite right.
Adobe said the service will generate five-second clips at 1080p resolution. While that is shorter than the clips of up to 20 seconds generated by OpenAI’s service, Adobe executives said the majority of individual clips in most productions are only three seconds.
Adobe said a user can generate 20 clips per month for $9.99 and 70 clips for $29.99. That compares with 50 videos for $20 per month with OpenAI’s plan at lower resolution and a $200 OpenAI plan that can handle longer, higher resolution videos.
Adobe is also working on a “Premium” pricing plan for studios and other high-volume video users and will release those pricing details later this year. Alexandru Costin, Adobe’s vice president of generative AI, said the company is working to generate 4K video and will remain focused on quality rather than longer clips.
“We actually think that great motion, great structure, great definition scheme, making the actual clip look like it was film, is more important than making a longer clip that’s unusable,” Costin told Reuters.
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