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AI Adoption: Akindeinde Assures Nigerians on Jobs, Calls for Up-Skilling of Knowledge

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Dr. Oluseyi Akindeinde, co-founder, Hyperspace Technologies Limited
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Dr Oluseyi Akindeinde, Founder, Hyperspace and Chief Executive Officer (CEO) NeuRaL AI, has said that AI adoption as disruptive as it may be, would not take away people’s jobs rather it would enhance their productivity.

Dr. Oluseyi Akindeinde, co-founder, Hyperspace Technologies Limited

Dr Akindeinde made this assertion at the NITRA ICT Growth Conference 4.0, organised by Nigeria Information Technology Reporters Association (NITRA) and was held on Wednesday, 28th of August, 2024, at the CitiHeight Hotel, Ikeja, Lagos.

The event themed “Impact of AI on National Development: Prospects, Policies, and Challenges in Nigeria” hosted industry players to brainstorm on the prospects and also proffer solutions to challenges of Artificial Intelligence’s adoption in Nigeria.

Akindeinde also asserted that up-skilling of knowledge is a crucial requirement for sustainable AI adoption in Nigeria.

To discuss the topic Akindeinde started with the challenges facing AI adoption in Nigeria which includes phobia that it would disrupt and sack people from their jobs.

He assured Nigerians that AI would not take their jobs, maintaining that the problem with Nigerians is that there is always fear whenever a piece of technology is introduced in the country.

“Any time there is new technology that comes in, there is that phobia, there is that fear that it is going to be disruptive, yes, it is disruptive but when a piece of technology is disruptive that means it can do things cheaper, it can do things faster and it can do things better.

“But some of the challenges are based on the assumption that AI is going to take our jobs, and because it is going to take our jobs, the first thing is to push it back and will not allow it.

“I am here to assure that AI is not going to take anybody’s job, it is the same thing about 25 years ago when we started hearing about internet, even Journalists felt at a time, are we still going to have newspaper, anybody can just go online and have a blog and start reporting, you know, are we still going to have TV since somebody would go on Youtube and upload a video.

“And if you look back you recall how information was consumed back then, when something happened you probably wouldn’t hear about that event until, maybe, 7 o’clock news or 9 o’clock news or the following day when the newspapers will report it, but when the internet came, it democratized information dissemination. The same thing is happening with artificial intelligence,” he said.

Akindeinde further stated that rather than take away jobs, Artificial intelligence is going to help Nigerians, adding that the intelligence is still artificial.

“Whatever you are currently doing it is going to help your operation, it is not going to take your job because at the end of the day AI is artificial intelligence. Now for it to work that means something has existed which is human intelligence.

“That human intelligence has being with human for ages, which it put together to make artificial intelligence and the thing about AI is that the things humans find difficult to do, that is what AI is doing. The things we find easy to do, AI cannot do them.

“For instance, if I keep my phone on a platform and I said go into the room and pick my phone on the table, now the AI because you programmed it for the table, it will come back to tell you I can’t find your phone.

“But the human being will say okay, it is not on the table, it is elsewhere, he will pick it, but what humans find difficult, is what AI does better.

“As a Reporter, AI would make your job better; there is an app in the phone that as I am speaking, it is recording and not only recording, once I say stop, everything recorded, it would transcribe everything.

“Another person who doesn’t have it would use one hour transcribing the recording, but the AI would do that second, so right now you can be more productive.

He said AI can also be used in the movie industry, saying that AI can listen to every conversation in a movie and transcribe in two minutes what would take one week or more to transcribe.

He muted the idea of the need for training for Journalists on AI so that they will understand the workings of AI for proper information dissemination.

Speaking about the impact of AI on education, he said that Africa is wired for consumption, adding that they don’t produce and they don’t do things that affect the global economy all because of the educational system.

He gave the instance of China where their educational system permits them to teach their children in their local language, the language they understand.

“With AI when you are teaching in English it will be appearing to the person in his own language, everything is converted on the spot, it is not as if they are going to translate it, it is not as if you are going to teach Igbo teacher mathematics, no, AI can do that for you on the spot.”

Akindeinde disclosed further that AI can also help a vision impaired person by deploying a vision model to know what is happening around them.

He decried the absence of skilled personnel among professionals for adjudication and or regulation of issues relating to IA, he therefore suggested that lawyers, Journalists, doctors and others should go for training to up-skill their knowledge on the workings of AI.

During the panel session he also tackled the question if Nigeria has the requisite skill to embrace the concept of artificial intelligence, he said that Nigerians do not have the requisite skill right now.

According to him, “So, one of the things we have noted is that we don’t have that skill, even the regulator as well because the challenge is that technology will always precede regulation but if you want to regulate you can’t regulate what you don’t understand.

“How come we had protest, and we cannot use AI to identify those who were looting, stealing or causing destruction, I know in other climes they have a data base where they can actually tell you the person.

“But in other to do all these you need the skill, you need the understanding of the piece of technology that you are going to be dealing with.”

He added that AI as a piece of technology, a general all-purpose technology that can be used across several industries, just like the internet.

He said, “It is technology for everybody and there is no special internet engineer because everybody has skill, internet skill, because we know it will help us.”


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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

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OpenAI Eyes Chrome Acquisition if Google is Forced to Sell

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Nick Turley, OpenAI’s Head of Product, testified in Washington that the company would be interested in acquiring Google’s Chrome browser if antitrust enforcers succeed in forcing Alphabet to sell the popular web browser.

This testimony was part of a high-profile trial in which the US Department of Justice is pushing to break up Google’s monopoly in the online search and advertising markets, Reuters reported on Tuesday.

The DOJ’s case centres on Google’s dominance in online search, which it argues unfairly stifles competition. A key aspect of the DOJ’s proposed remedies includes requiring Google to divest assets, including its Chrome browser, to restore a more competitive search environment.

According to the report, Turley’s statement provided insight into OpenAI’s competitive positioning within the generative AI space.

He noted that Google’s refusal to partner with OpenAI for access to its search technology within ChatGPT had pushed the company to explore alternative partnerships, particularly with Microsoft’s Bing.

Turley had previously written that ChatGPT leads the consumer chatbot market and did not consider Google its biggest competitor, according to an internal OpenAI document presented by Google’s lawyers during the trial.

He clarified that the document was meant to inspire OpenAI employees and emphasised that the company would still benefit from distribution partnerships, Reuters reported.

Earlier in the day, Turley testified that Google rejected OpenAI’s bid to use its search technology within ChatGPT.

OpenAI had reached out to Google after experiencing issues with its own search provider, Turley said, though he did not identify the provider. ChatGPT currently uses Microsoft’s Bing for search.

“We believe having multiple partners, and in particular Google’s API, would enable us to provide a better product to users,” OpenAI had told Google in an email shown at the trial.

OpenAI first reached out in July, but Google declined the request in August, citing concerns about competition. “We have no partnership with Google today,” Turley said.

The trial also highlighted Google’s internal strategy, including efforts to secure exclusive search agreements with major Android device manufacturers like Samsung.

According to Turley, such exclusivity could hinder the development of competing AI technologies, like ChatGPT, which depend on a range of search and data sources.


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Digital Consumers are Driving a New Era of Online Shopping, Transforming how Nigerian Youth Buy

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The digital revolution is hitting Nigeria’s retail scene fast, and it’s being powered by the country’s youth. Armed with smartphones and a demand for affordability, they’re shaping the e-commerce industry where convenience reigns supreme.

Nigeria’s internet users, reaching more than half its population, creates a strong foundation for e-commerce growth. This growth is significantly fueled by the nation’s youth, a substantial 160 million (70% of the population), whose tech-forward nature drives the popularity of platforms like Temu, satisfying their demand for accessible and budget-friendly online retail.

This generation has flipped the retail script. Value is their compass, price comparisons their weapon, social media their guide, and convenience their non-negotiable. This isn’t just shopping; it’s a calculated pursuit of savvy options, the widest selection, and the best value-for-money deals.

The power of finding a good deal is undeniable, especially for these shoppers watching their wallets. Social media is a testament to this, filled with posts celebrating the newfound ability to purchase items once considered luxuries.

Take Anwulika Udanoh (@Anwulika Udanoh on Facebook), for example. Her recent post, detailing her shopping experience on Temu, is a perfect snapshot of this online shopping revolution. She stumbled upon affordable jewelry on the platform, swayed by glowing reviews, and took a chance. What followed was a delightful surprise: customised earrings bearing her name, a feat once thought impossible.

Even her son’s friend jumped on the personalisation trend with custom pendants. ‘Their prices will shock you,’ she wrote, with genuine excitement. And despite any concerns about longevity, the sheer joy of affordable, personalised style at good quality won her over. That’s the power of this shift.

This goes beyond mere bargain hunting; it’s about empowerment. It’s about unlocking the ability to express your unique style without sacrificing your financial stability. It’s about finding those small sparks of joy, like personalised jewelry that feels uniquely yours. For many, these platforms are a portal to a more colourful and individually tailored life.

Then there’s the spirit of adventure, captured in a simple tweet by Steph (@steph on X): ‘ordered a couple of desk items, wish me luck.’ It’s the essence of a generation eager to discover new ways to elevate their everyday life.

Launched in the country in November 2024, Temu offers a diverse selection that aligns with the dynamic needs of young Nigerians. The direct-from-factory online marketplace is known for cutting out layers of middlemen and their associated markups and costs, passing on savings to consumers. Serving more than 90 markets globally, Temu has become one of the most visited e-commerce sites worldwide and a top Apple-recommended app of 2024.

Let’s be real: budgets matter. In a country where every naira is carefully considered, competitive pricing and accessible payment methods, aided by partnerships like Temu and Verve, empower Nigerian shoppers with greater choice and freedom to embrace trends while making the budget go beyond. It’s like opening up a world of possibilities.

Adding to the appeal is a user experience designed for the mobile age. With 193.9 million cellular connections, smartphones are the gateway to this digital world, and intuitive platforms allow for seamless browsing and purchasing on the go, perfectly aligning with the dynamic rhythms of young Nigerian life.

This mobile-first approach is further amplified by the power of social proof. In a nation of 31.60 million social media users, reviews and recommendations carry significant weight, transforming satisfied shoppers into passionate brand advocates.

A growing digital environment, particularly in urban areas, presents a rich opportunity for platforms that resonate with the aspirations of young people. They seek more than just products; they want to build online communities, create digital identities, and shape their lifestyles.

Real stories like those of Anwulika and Steph show that Temu isn’t just a place to shop, but a platform that’s unlocking joy, creativity, and financial freedom for Nigeria’s youth. Whether it’s personalised jewellery, playful desk accessories or everyday essentials, Temu is turning everyday purchases into moments of empowerment — proving that with the right platform, anything is possible.


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Gold Hits Record High Amid U.S. Dollar Weakness and Trade Tensions

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Gold prices surged to a fresh record high on Monday, April 21, while the dollar weakened and global stock markets presented a mixed picture, as concerns mounted over former President Donald Trump’s escalating tariff strategy and his ongoing confrontation with the Federal Reserve.

Amid subdued activity due to continued Easter holiday closures in several markets, investors focused on the potential fallout from Trump’s latest trade moves and looked ahead to key economic data releases later this week that may shed light on the broader impact of the evolving U.S.-led trade war.

The administration’s tariff campaign has triggered swift responses from major economies. While some, like Japan, are reportedly seeking accommodations to ease Washington’s trade levies, China issued a sharp warning to governments not to negotiate at the expense of its interests. A spokesperson for China’s commerce ministry said Monday that appeasement and compromise would fail to win peace or respect, calling on nations to avoid sacrificing broader interests for temporary gains.

Beijing’s tone contrasted with Trump’s comments last Thursday in which he signaled ongoing discussions with China, expressing optimism about reaching a deal. However, tensions remain high, with China facing tariffs of up to 145 percent on some goods, and retaliating with duties of 125 percent on U.S. exports.

The growing uncertainty over the global economic outlook has driven investors toward safe haven assets. Gold climbed above $3,384 per ounce, buoyed both by the geopolitical instability and a weakening U.S. dollar. The dollar’s decline has been exacerbated by concerns over Trump’s comments directed at Federal Reserve Chair Jerome Powell, who warned that the tariffs could lead to a temporary rise in inflation and downplayed prospects for interest rate cuts.

Trump criticized Powell for his remarks and hinted at the possibility of removing him from office, stating: “If I want him out, he’ll be out of there real fast, believe me.” Powell has maintained that he will not step down and emphasized the legal foundation of the central bank’s independence.

The dollar fell against major currencies, with the yen and euro gaining strength. France’s finance minister Eric Lombard said Trump’s tariff policies had already damaged the credibility of the U.S. currency and warned that undermining the Federal Reserve would further shake investor confidence. Chicago Fed President Austan Goolsbee underscored the importance of central bank independence, calling it a near-universal principle among economists.

Asian stock markets reflected the uncertainty, with Tokyo’s Nikkei falling 1.2 percent, while gains were seen in Shanghai, Seoul, Singapore, Manila, and Jakarta. Oil prices declined amid renewed fears over global demand, with West Texas Intermediate and Brent crude both dropping 1.7 percent.

Investors are now watching closely for April manufacturing data from key economies, which are expected to provide early signals about the tangible effects of the tariffs. Analysts warn that U.S. fiscal and monetary policy are increasingly being viewed as volatile geopolitical forces rather than stable economic anchors. Stephen Innes of SPI Asset Management said the reputational damage to the U.S. economic brand is becoming entrenched, with global markets and allies adjusting expectations accordingly.


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