Nigerian fintech company Moniepoint has raised $110 million in new funding, backed by investors like Google, to expand digital payments and banking services across Africa. Since its 2015 inception as a payment infrastructure provider for banks, Moniepoint has grown to offer personal banking services, becoming a major player in Nigeria’s rapidly growing fintech market.
The funding round, supported by existing investors such as Development Partners International and Lightrock, and new entrants Google’s Africa Investment Fund and Verod Capital, values Moniepoint above $1 billion, marking its entry into “unicorn” status. The company plans to use the funds to develop an integrated business platform offering digital payments, banking, credit, and business management tools.
With a customer base in Nigeria‘s vast, underserved financial market, Moniepoint says it processes over 800 million transactions each month, valued at more than $17 billion. This new funding will help accelerate its mission to provide accessible financial solutions across Africa.
Meta has launched NotebookLlama, an ‘open’ version of Google’s NotebookLM generate-a-podcast tool, but using Meta’s Llama AI models. NotebookLlama processes uploaded text files, such as PDFs or blog posts, creating a podcast-style summary with dramatisation and interruptions, followed by conversion to speech through open text-to-speech models. However, early feedback highlights a robotic, less natural sound, with voices sometimes overlapping awkwardly.
Meta’s researchers acknowledge the audio limitations and suggest that quality could improve with better text-to-speech models. They also propose evolving the format to feature two AI agents debating topics rather than a single model handling the outline.
Despite various efforts to replicate NotebookLM’s podcast capabilities, all still struggle with AI ‘hallucinations,’ making the generated content prone to inaccuracies.
Google is working on a new AI technology that can take control of web browsers to perform tasks like research and online shopping, according to a report by The Information. The project, code-named ‘Project Jarvis,’ is expected to be showcased in December alongside Google’s upcoming Gemini large language model.
This initiative is part of a growing trend, with competitors like Microsoft-backed OpenAI also aiming to develop AI agents capable of navigating the web autonomously. Unlike current AI models, Google’s new software is designed to interact directly with a person’s computer or browser, potentially handling complex tasks more seamlessly.
The development reflects a broader industry push to create AI systems that can perform internet-based tasks independently, potentially transforming how users interact with technology. Google has not yet commented on the report, but the anticipated December demonstration could offer a glimpse into the future of automated online assistance.
Missouri’s Attorney General Andrew Bailey announced an investigation into Google on Thursday, accusing the tech giant of censoring conservative speech. Bailey’s statement, shared on social media platform X, criticised Google, calling it “the biggest search engine in America,” and alleged that it has engaged in bias during what he referred to as “the most consequential election in our nation’s history.” Bailey did not cite specific examples of censorship, sparking quick dismissal from Google, which labelled the claims “totally false” and maintained its commitment to showing “useful information to everyone—no matter what their political beliefs are.”
Republicans have long contended that major social media platforms and search engines demonstrate an anti-conservative bias, though tech firms like Google have repeatedly denied these allegations. Concerns around this issue have intensified during the 2024 election campaign, especially as social media and online search are seen as significant factors influencing public opinion. Bailey’s investigation is part of a larger wave of Republican-led inquiries into potential online censorship, often focused on claims that conservative voices and views are suppressed.
Adding to these concerns, Donald Trump, the Republican presidential candidate, recently pledged that if he wins the upcoming election, he would push for the prosecution of Google, alleging that its search algorithm unfairly targets him by prioritising negative news stories. Trump has not offered evidence for these claims, and Google has previously stated its search results are generated based on relevance and quality to serve users impartially. As the November 5 election draws near, this investigation highlights the growing tension between Republican officials and major tech platforms, raising questions about how online content may shape future political campaigns.
Britain’s Competition and Markets Authority (CMA) is investigating the partnership between Alphabet, Google’s parent company, and AI startup Anthropic due to concerns about competition. Regulators have grown increasingly cautious about agreements between major tech firms and smaller startups, especially after Microsoft-backed OpenAI sparked an AI boom with ChatGPT’s launch.
Anthropic, founded by former OpenAI executives Dario and Daniela Amodei, received a $500 million investment from Alphabet last year, with another $1.5 billion promised. The AI startup also relies on Google Cloud services to support its operations, raising concerns over the competitive impact of their collaboration.
The CMA began assessing the partnership in July and has set 19 December as the deadline for its Phase 1 decision. The regulator will determine whether the investigation should proceed to the next stage. Anthropic has pledged full cooperation, insisting that its strategic alliances do not compromise its independence or partnerships with other firms.
Alphabet has emphasised its commitment to fostering an open AI ecosystem. A spokesperson clarified that Anthropic is not restricted to using only Google Cloud services and is free to explore partnerships with multiple providers.
Google has released SynthID Text, a watermarking tool designed to help developers identify AI-generated content. Available for free on platforms like Hugging Face and Google’s Responsible GenAI Toolkit, this open-source technology aims to improve transparency around AI-written text. It works by embedding subtle patterns into the token distribution of text generated by AI models without affecting the quality or speed of the output.
SynthID Text has been integrated with Google’s Gemini models since earlier this year. While it can detect text that has been paraphrased or modified, the tool does have limitations, particularly with shorter text, factual responses, and content translated from other languages. Google acknowledges that its watermarking technique may struggle with these formats but emphasises the tool’s overall benefits.
As the demand for AI-generated content grows, so does the need for reliable detection methods. Countries like China are already mandating watermarking of AI-produced material, and similar regulations are being considered in US, California. The urgency is clear, with predictions that AI-generated content could dominate 90% of online text by 2026, creating new challenges in combating misinformation and fraud.
A Londoner who had his phone stolen while walking near the Science Museum believes Google’s new AI security update would have made a big difference. Tyler, whose phone was snatched by a thief on a bike, struggled to lock it remotely as he couldn’t remember his password. The update, which uses AI and sensors to detect when a phone is stolen, would automatically lock the screen to prevent thieves from accessing data.
Google’s new feature allows users to remotely lock a stolen device using just their phone number, a measure welcomed by Tyler as he believes it would have helped him secure his device in moments of panic. The initiative is part of a broader effort to combat phone theft, with mobile phones now accounting for 69% of all thefts in London. Last year, over 11,800 robberies involved phone thefts.
Sadiq Khan, the Mayor of London, also supports the update, having previously lobbied phone companies to make their devices less attractive to criminals. Tech experts say the update’s AI-driven security, combined with the Offline Device Lock feature, will make it harder for thieves to access stolen phones.
Tyler hopes the new technology will deter criminals from stealing phones altogether, as the devices would become worthless once locked. Without resale value, he believes phone thefts will be a waste of time for criminals.
Qualcomm has announced a partnership with Google to create advanced AI tools for the automotive industry. This collaboration will allow automakers to develop customised voice assistants without relying on a driver’s mobile phone. Qualcomm’s expertise in chips and Google’s Android Automotive OS will be merged to provide a seamless experience for vehicle computing systems.
The Android Automotive OS, distinct from Google’s Android Auto, powers internal vehicle systems instead of simply mirroring apps from smartphones. Automakers will be able to personalise their AI voice assistants using this technology, offering features independent of phone connectivity. Qualcomm highlighted that this shift in strategy with Google aims to eliminate confusion for automakers by streamlining their services.
Qualcomm also launched two new chips designed to enhance driving experiences. The Snapdragon Cockpit Elite will focus on powering dashboards, while the Snapdragon Ride Elite will support autonomous driving systems. These innovations build on Qualcomm’s growing presence in the automotive sector, which includes partnerships with companies like General Motors.
Mercedes-Benz plans to integrate the Snapdragon Cockpit Elite chip into future models, though the exact timing and vehicle models remain undisclosed. Qualcomm continues to expand its influence in automotive technology, further positioning itself as a key player in the industry’s digital transformation.
Italy is preparing to introduce regulations that will require major tech companies to contribute to the costs of building telecoms infrastructure. Industry Minister Adolfo Urso stated that the government is working to ensure that companies such as Google, Meta, and Amazon bear part of the financial burden for expanding high-speed networks.
Telecom providers, including Telecom Italia and Deutsche Telekom, argue that these Big Tech firms generate much of the internet traffic and should therefore share the costs of network development. The proposed measures, which some refer to as ‘fair-share funding,’ have been backed by ruling politicians in Italy.
Proposals presented in parliament aim to set up agreements where Big Tech would negotiate technical and financial terms to support telecom infrastructure investments. Lawmakers believe this will help maintain the expansion of electronic communications networks.
This initiative is in line with similar efforts from the European Union, which has called for large tech platforms to contribute to network funding before the re-election of European Commission President Ursula von der Leyen in June.
Honeywell has formed a partnership with Google to connect AI with industrial data. The collaboration aims to enhance autonomous operations, streamlining processes for Honeywell’s customers.
Google’s Gemini, its advanced AI platform, will merge with data from Honeywell’s Forge platform to automate tasks and shorten project timelines. The first AI-powered solutions will be available in 2025, offering support for engineers, technicians, and warehouse workers.
The partnership seeks to address industry labour shortages by introducing AI tools that boost productivity and efficiency. Automated processes will cut design cycles and process multiple data types, including images, videos, and sensor readings, using Google’s Vertex AI platform.
Honeywell’s CEO Vimal Kapur emphasised the goal of optimising asset performance, improving employee skills, and reducing maintenance costs. The partnership reflects a broader strategy to harness the latest advancements in AI to drive operational improvements.
