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K-B Economy: Fulcrum of 25th Annual NCS National Conference

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Professor David O. Adewumi, NCS President
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In 2014, when access to information is viral and open to an increasing number of the global populace, it is a paradox to think that ignorance would reign anywhere.

Truth be told, however, ignorance still reigns in our land. From public policy initiatives, private programmes and actions, the country’s economy is driven by oil exports and dependent on import for survival.

However, the 21st century experience is upon us. Nations all over the globe have continued to diversify and invest in information technology [IT] and knowledge as the bedrock of their economies.

With recent commercialization of leading global knowledge products/tools such as Facebook, WhatsApp, Instagram and others that are attracting multiple billions of dollars in revenues, it is clear that while mechanization propelled the eighteenth century and industrialization drove nineteenth and twentieth century economies, IT and knowledge are the vehicles driving the twenty-first century economy.

While Nigeria has generally tagged along, the idea of a large-scale investment in a knowledge-based economy is still a far-fetched ideal. Reversing this unwholesome trend was the key discussion at the Nigerian Computer Society [NCS]’s recent 25th annual national conference held at the prestigious Nike Lake Resort in Enugu, South-East, Nigeria.

NCS’ task is cut out already: it is to challenge existing biases, confront actual and imaginary limitations as well provide a framework for the nation’s true transition to a fully-fledged knowledge-based and IT economy.

With the theme ‘Building a Knowledge-Based Economy in Nigeria: The Role of Information Technology’, NCS engaged industry stakeholders on how to develop effective initiatives that would help build partnerships that are necessary to support Nigeria’s transformation into an IT and knowledge-based economy.

To ensure this come into reality, NCS had sub-themes that focused on developing different aspects of the knowledge economy. Some of these include Broadband Access for All, e-Governance Solutions, Harnessing Innovation, Creativity and Entrepreneurship, Mobile Applications Technology, IT Applications in Different Sectors of the Economy and Security Issues in a Knowledge-Based Economy, among others.

Two major themes, which dominated discussions at the conference were How Information Technology Could Promote Increased Transparency and Accountability in Government and How IT Could Assist Government in Managing the ongoing Toxic Security Situation within Nigeria’s Borders.

The conference agreed that NCS should continue to promote solutions that would assist the government to achieve these two goals in Nigeria, as it is acknowledged that government often drives transformation and that “IT is the hope of the modern day security officer”.

Representing the public sector, Dr. Tunji Olaopa, permanent secretary, Ministry of Communication Technology, who represented the keynote speaker, Mrs. Omobola Johnson, the Honourable Minister, did promise an improved relationship with the NCS.

He therefore asked IT professionals to engage the government with solutions that would offer reprieve to pressing national issues such as security, unemployment, public sector inefficiency, etc.

The conference closed with an awards and gala night with a special recognition to former governor of Anambra State, Mr. Peter Obi, for his exemplary service through the deployment of IT solutions for the delivery of qualitative and contemporary education in Anambra State.

In his acceptance speech, Mr. Obi appreciated the NCS Executive for the recognition of his achievements while in office.

He implored NCS members to continue to query government officials while charging leadership at all levels to invest in IT for education through the provision of laptops for students, internet access in schools and technology parks that would help the youths to discover and develop their skill towards the development of a knowledge-based economy.

CEOs, policy makers, industry icons, investors, government officials as well as IT experts from the Diaspora and the academia were present at the conference.

Meanwhile, Remita is one of the technology-driven solutions available to help governments in Africa and other emerging economies overcome major challenges militating against accelerated transition to knowledge based economies.

It has a successful track record of assisting governments at different levels [federal, regional, provincial, state &local government]to confront the ghost worker syndrome.

Remita has been adopted by many private and public sector organisations of different sizes for the management of all aspects of their e-payments, e-invoicing, e-collections, e-payroll and e-schedules.

The Central Bank of Nigeria (CBN) has also adopted the platform for the processing all e-payment and e-collection transactions of the Federal Government of Nigeria.

Remita is developed by SystemSpecs, Nigeria’s foremost software house and currently processes about $ 3 Billion worth of transactions every month.

Lanre Adelanwa is a free-spirited, hearty-laughing and business minded go-getter currently having a seat, table and laptop to himself at SystemSpecs, Lagos-Nigeria.

 


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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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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