E-Business
NCS Mulls IT Park on 10 Hectares of Land in Lagos
Nigeria Computer Society (NCS) said it is about to acquire 10 hectares of land around the free trade zone of Lekki, along the Lekki Epe Road, Lagos for the purpose of establishing an Information Technology Park.
NCS said that the proposed IT Park is about half kilometres from the entrance to the free trade zone, close to the new Eleganza factory under construction.
The body in its monthly newsletter said that the IT Park initiative was announced during the NCS President’s Breakfast Meeting held in April
Lagos State government is planning to build a new seaport and airport in this area, making it a good site in the future for industries.
Jidaw, a popular online resource noted that NCS plans to use the acquired land for an IT park that will accommodate IT industries.
Once the processing of acquisition is completed NCS will divide the park into industrial plots of 1000 square meters for interested corporate members of the society.
As NCS notes, the nation stands to enjoy the following benefits if we have our IT industries in one place:
• Apart for the existing infrastructure of free trade zone with seaport and airport in the pipe line, we stand to enjoy as an IT Park better power supply from PHCN.
• We as an IT park can collectively have our own alternative power supply (gas or diesel powered generator or turbine).
• NCS through advocacy and good relationship with the government we will draw the needed facilities and infrastructures to the IT Park.
• We will collectively enjoy the economies of large scale by mass and joint importation of required spares for the IT industries in the Park and at the best discounted prices.
• The collective existence of IT industries in the same Park will give us easy access to experts and consultants that will help the industry grow.
• NCS IT Park will make the fulfillment of the requirements of local content easy for all the parties, standards can easily be set and improved upon.
• NCS IT Park can meet the system requirements of Nigeria and even go ahead to export the surplus to other countries and becoming the IT hub of Africa.
• We can even develop the NCS IT Park to the stage of having our own International IT fair like what obtains in Dubai to attract the needed market for our products.
• • Above all, with all this in place the products coming out of NCS IT Park will be cheaper than others.
We are at the pedestal of making this vision come through by keying in to it and supporting the NCS IT Park Project.
Sir Demola Aladekomo, President, NCS also mentioned the following:
• The Park will be built in phases. The first phase will cost about N500M approximately. We believe that in 5years, the IT Park should have been fully built up and businesses in top gear there.
• The N500M will be part funded by NCS and the subscribers who are NCS members
• There are expected challenges in such a big infrastructure project. Challenges are meant to be overcome. The usual ones are Power, Water, Regulatory approvals etc. We shall overcome them. I’m sure NCS is poised towards a making a success of this venture. We believe NCS will facilitate the approval. It may be slow but we trust the Lagos State Governor, BR Fashola to support us
• For the enormous benefits therein, NCS encourages all Stakeholders, Professionals and the generality of the IT industry to be part of this great project.
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.
- News3 days ago
TikTok Returns on Apple, Google US App Stores as Trump Delays Ban
- General News3 days ago
Researchers Develop Innovative Treatment for Malaria
- E-Financial3 days ago
African Union Launches Credit Rating Agency to Promote Regional Economic Integration
- General News3 days ago
Nigeria to Host ICEGOV 2025, A Milestone in Digital Governance and Global Leadership
- Broadcasting3 days ago
FG Kickstarts Construction of Emerging Technologies Institute in Kano
- Telecom3 days ago
Visa Launches Report on Digital Payment Landscape in Nigeria, Shows Positive Outlook
- General News3 days ago
MTN Nigeria Foundation Supports Education with Donation of School Supplies to 1000+ Students
- Broadcasting3 days ago
Family Marks one-year Memorial of Late APC Chieftain, Ojougboh with Charity Outreach