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NITDA DG Restates FG’s Commitment to Digital Entrepreneurship among Youths

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Inuwa Kashifu Abdullahi, DG, NITDA
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Kashifu Inuwa Abdullahi, director-general of the National Information Technology Development Agency (NITDA), has reiterated that the federal government  commitment to implementing policies and initiatives to improve digital entrepreneurship and boost start-up business among the youth, especially tertiary education students in the country.

NITDA DG Restates FG’s Commitment to Digital Entrepreneurship among Youths

Abdullahi, said this in his keynote address during the opening of the National Innovation, Research and Software Summit (Innovation Challenge 2021) organised by the National Association of Computing Students (NACOS) in collaboration with the Financial Services Innovators (FSI) tagged “TechonDemand Hackathon”.

Speaking on the theme “Technology Renaissance For Innovation and Productivity” during the event held at the Nile University of Nigeria in Abuja, the NITDA boss encouraged the youth to  make impact by turning their innovations into products and services that can be commercialised.

“We have so many initiatives to help those with ideas to develop soft skills, to expose them to networks, to ecosystems and access to funding. We want to challenge the Nigerian youth to come up with solutions to the problems of the country. This is the only way to create prosperity,” he said.

He said further that the President Muhammadu Buhari’s government through infrastructure and policies was diversifying the economy by creating the enabling environment for the youth to thrive in their software development and create indigenous content.

He said the agency was collaborating with the Central Bank of Nigeria (CBN) and other agencies of government to get funds for the youth to develop their products, adding that they are working with universities to develop and build start-ups.

He said that COVID-19 pandemic has provided a “golden opportunity for Nigerian youths to use technology to come up with new businesses, products and services”, adding that the NITDA Action Plan 2021-2024- has mapped out these strategies  through its developmental initiative, which the youth can key into.

Professor Adesina Sodiya, president of the Nigerian Computer Society (NCS), in his remarks noted that the NCS remains committed to promoting rapid national growth by providing necessary technical and professional support to technology providers.

Olamilekan Toyeeb Abolade, national president of NACOS, in his welcome address, said the innovation challenge is to develop an interconnected, integrated and all-inclusive ecosystem of the Nigerian citizens with the requisite services that enable individuals, retailers, small businesses to transact with one another seamlessly daily using digital channels.

“Our primary goal is to empower a new crop of innovative and creative young men and women, who will add technological value to every sector of the economy and solve real-life problems.

“We are geared towards building a generation of new technoprenuers, entrepreneurs, software developers and an army of skilled and employable young people matching industry needs in priority sectors,” he said.


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Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands

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Eric Schmidt, former Google CEO
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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.

Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands

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.

 

 


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OpenAI CEO Rejects $97.4Bn Takeover Bid from Elon Musk

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Sam Altman, chief executive of ChatGPT-owner OpenAI
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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.

OpenAI CEO Rejects $97.4Bn Takeover Bid from 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.

 

 

 

 


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Adobe Launches AI Video Tool to Compete with OpenAI

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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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