E-Business
Independence Celebration: Offering Micro Businesses Freedom Through Technology
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2022/09/Alerzo-MD-1.jpg)
It’s that time of the year when the independence of Nigeria from its colonial masters is commemorated. The annual October 1st celebration has recently been greeted with mixed feelings as many nationals believe there was more that needed to be done for the 62-year-old country, as true independence connotes meaningful development and progress.
Some also believe that all hope is not lost for a country blessed with exceptional humans that are achieving incredible feats in sports, education, information and communication technology (ICT) and other endeavours.
The boom in the ICT sector over oil dependence gives another dimension of hope and freedom, as the data made available by the National Bureau of Statistics (NBS) indicates that the sector had contributed 18.44 percent to the country’s gross domestic product in Q2 2022.
Through its in-depth understanding of the system, e-commerce firms like Alerzo are proffering solutions to the challenges in the industry and, in turn, boosting the economy.
Informal retailers on the Alerzo platform testify to the freedom they derive from the e-commerce firm that is leveraging technology to help micro businesses thrive through a wide array of digital products it provides.
For instance, the Alerzoshop mobile app allows retailers to order for goods and get them delivered swiftly to their stores without any delivery fees.
The technology Alerzo provides through the Alerzoshop app ultimately saves retailers from the stress of commuting to major markets to buy stock; they also do not fall victim to buying adulterated products and road hazards. They are exempted from payments at the open markets and motor parks where they board vehicles to convey their stock to their stores, thus further helping them reduce the cost of restocking.
Alerzo Group CEO, Adewale Opaleye, speaking on the freedom the firm is offering to retailers, said: “Alerzo has deployed technology in addressing the challenges of the retailers who are on our platform. With our free delivery services, retailers save time, energy, and resources that they would have otherwise expended in restocking.’’
A retailer who buys stock from the Alerzo platform said: “Doing business with Alerzo has removed the stress of going to the market to restock. When I come back from the market, I come back with a headache.
“But since I started patronising Alerzo, things are different. Alerzo has a vast assortment of goods. Secondly, Alerzo saves me money on delivery and transportation aside from the convenience.
“My health has improved because I no longer go through the stress of buying goods in the open market and returning home with a headache. So, I’m enjoying the convenience and it is good for my health and wellbeing,” he explained.
The Alerzopay PoS terminals also make doing business much easier as the retailers can make payment for the goods purchased, conduct cash back transactions, and pay utility bills.
A retailer, Oluwagbemileke Abosede said in her two decades of doing business, her journey with Alerzo has been more rewarding, stating: “I purchase from Alerzo and they deliver free of charge.
“I was given the Alerzopay PoS machine for payment, some customers won’t buy from you if you don’t have PoS. Since I started using the PoS terminal, my sales have increased.’’
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
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/Adobe-logo.jpg)
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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