E-Business
Anticipations, Excitement High as Konga Yakata Begins Nov.11
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2019/02/konga-IPO.jpg)
Konga, E-commerce giant has started generating excitement from shoppers ahead of its much-anticipated Black Friday sales tagged Konga Yakata.
Information made available by the management of the e-commerce giant reveals that Konga Yakata will run from November 11 till December 12 2019, with rock-bottom prices, flash sales and huge discounts across multiple product categories.
These include laptops, desktops and accessories, computing, mobile phones and tablets, Home & Kitchen appliances, fashion, electronic devices, educational materials, Baby, Kids and Toys as well as Wine, Spirits and other categories, among others.
Despite being days away, shoppers are already gearing up for what is widely regarded as the biggest sales event in the shopping calendar. Indeed, insights reveal that many Nigerians have saved massively for the period.
A shopper based in Abuja, Mr. Kingsley Adams, stated that he, like many other Nigerians, is prepared for Konga Yakata.
“For years now, I have been patronising Konga Yakata as part of my strategy to prepare for Christmas.
“We all know that Konga Yakata is known for best prices and genuine products. Since September, I have been saving up for this period, and I cannot wait to see the promo begin,” Adams said.
Toeing the same line, Stella John, a banker with one of the new generation banks, has expressed her readiness for the sales event. Further, she disclosed that her shopping list had been ready for over a month.
“I am not the only one waiting for Konga Yakata. Over at the office, everyone is expectant. Last year, I spent about N500,000 on a variety of products and I must confess that the items I shopped are worth well over that sum in value and utility.
“I drew up my list for this year’s Konga Yakata over a month ago and I know that Konga is coming with a lot of surprises this year,” she enthused.
Equally important, Konga has confirmed its readiness for the month-long sales fiesta, even as it has put in place a seamless process to ensure a hitch-free operation during Konga Yakata, which is synonymous with unbelievable price slashes and increased traffic to its online platform @ www.konga.com and massive footfalls to the growing chain of Konga retail stores nationwide.
The e-commerce giant also explained that it has empowered its merchants with access to credit and soft loans to expand their carrying capacity for the sales fiesta.
In addition, efforts are on behind the scenes to activate all its processes to top-notch levelsto meet shoppers’ expectation within a shortest period of demand.
Chidalu Ekeh, marketing manager revealed that Konga is ready to satisfythe desire of itsnumerous customers across board.
Chidalu said: “Konga is 100 per cent ready for Konga Yakata. Our ordering and delivery process isattop-notch.
“We have set a target of same-day delivery for the majority of orders received.
“Also, we have strengthened both our back end and front end to enable us accommodate the high volume of requests from shoppers as from November 11.
“Feedbacks have shown that our customers are ready for the period as we are. Indeed, you can count on Konga to make it another unforgettable affair.
“We have lined up several sales activities, including Treasure Hunts, flash sales, free shipping, free vouchers, app-only deals and many other activities to engage our customers.”
Meanwhile, Chidalu has also revealed that customers will be able to complete their purchases swiftly through multiple payment options, including KongaPay, online payment, Payment on Delivery (POD) and Pay on Collect which are all available on the Konga platform.
Konga Yakata is Nigeria’s biggest sales event, with the company revealing that it expects sales to spike 600% from the 2018 edition.
Among the factors working in the company’s favour is the fact that it pioneered the marketplace model in the Nigerian e-commerce market and currently boasts the largest pool of merchants on its platform.
Furthermore, Konga runs the only omni-channel structure in the e-commerce sector – a factor that analysts have identified as an edge, especially considering the shopping predilection of the average Nigerian.
E-Business
Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/Eric-Schmidt.jpg)
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](https://i0.wp.com/www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/Eric-Schmidt.jpg?resize=573%2C254&ssl=1)
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
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/Open-AI.jpg)
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](https://i0.wp.com/www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2022/04/Elon-Musk.jpg?resize=563%2C229&ssl=1)
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
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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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