Connect with us

E-Business

Mega Deals as Konga Freedom Sales Goes Live Today

Published

on

Kindly share this post

All is set for the 2020 edition of the Konga Freedom Sales, an annual promotion by the foremost composite e-Commerce giant targeted at celebrating Nigeria’s independence anniversary.

Specifically, the Konga Freedom Sales goes live on Monday, September 21, 2020 and will run until Friday, October 9, 2020 across Nigeria.

The promotion will see the first week from September 21 – 27 focus on giving Nigerians the best prices and unbeatable discounts unmatched anywhere else in the market, with customers also urged to check prices on Konga before making any purchases. In addition, Konga’s customers are in line to benefit from three flash sales during the week.

From September 28, the week which coincides with the memorable occasion of Nigeria’s 60th Independence Anniversary, Konga will offer all classes of shoppers a unique opportunity to enjoy rock-bottom prices and mega deals on a wide variety of genuine products carefully selected by Konga to mark the auspicious celebration.Among these are 60 special products for each day of the promotion in line with the commemoration of Nigeria’s 60thindependence anniversary.

Also, the promotion will run across multiple channels including the Konga website, chain of retail stores located nationwide and via the Konga Bulk platform.

The eagerly anticipated Konga Freedom Sales will see the e-Commerce giant make available heavily discounted products of up to 50% off from multiple categories such as Computers & Accessories, Home & Kitchen, Electronics, quality Fast Moving Consumer Goods (FMCG), Power Solutions, Phones & Tablets, Drinks & Groceries, among many others. Further raising the excitement for the Konga Freedom Sales is the fact that Konga has positioned the promotion as one with which to celebrate Nigerians as the country hits its Diamond Jubilee.

Consequently, the management of Konga has revealed its intention to make it a promotion to remember for every customer.

‘‘Nigeria will be marking its Diamond Jubilee on October 1st. It is a momentous anniversary as 60 years is not a mean feat,’’ disclosed Co-Chief Executive Officer, Konga Group, Nick Imudia.

‘‘In view of this, we have decided to make this year’s edition of the Konga Freedom Sales a special one to celebrate all Nigerians.

‘‘Therefore, we have carefully selected all the products that will go on sale from Monday.

“Our motivation is to make it a memorable occasion for all Nigerians by helping them save money on genuine products across our online platform and retail stores nationwide.

“We encourage everyone to go online at www.konga.com or visit the nearest Konga store or leverage Konga Bulk from Monday to partake in the celebration of Nigerians through the Konga Freedom Sales,’’ he urged.

Meanwhile, an array of world class brands has partnered with Konga for the promotion. These include the likes of HP, Samsung, Lenovo, PZ Cussons, Dell EMC, Infinix, iTEC, Zinox, Tecno, Unilever and many more.

The Konga Freedom Sales goes live nationwide from Monday, September 21 until Friday, October 9, 2020.


Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

E-Business

Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands

Published

on

Eric Schmidt, former Google CEO
Kindly share this post

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.

 

 


Kindly share this post
Continue Reading

E-Business

OpenAI CEO Rejects $97.4Bn Takeover Bid from Elon Musk

Published

on

Sam Altman, chief executive of ChatGPT-owner OpenAI
Kindly share this post

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.

 

 

 

 


Kindly share this post
Continue Reading

E-Business

Adobe Launches AI Video Tool to Compete with OpenAI

Published

on

Kindly share this post

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.

 


Kindly share this post
Continue Reading

Trending