Cerebras Systems shares opened at $350 on Thursday, nearly 89% above their initial public offering price, valuing the artificial intelligence chipmaker at about $100 billion in a blockbuster market debut. The company priced its IPO at $185 per share on Wednesday, selling 30 million Class A shares to raise $5.55 billion. The offering was initially...
Category: Tech
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Nigeria Telecoms Group Canvasses For Stronger Local Content Strategy
The Association of Telecommunications Companies of Nigeria (ATCON) has warned that Nigeria risks slowing its digital economy ambitions unless it strengthens indigenous participation and harnesses local tech talent. ATCON President Tony Emoekpere said at the group’s annual general meeting in Lagos that broadband expansion must extend beyond urban centres and empower local Internet service providers...
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Nokia Names Egypt Regional Hub For Mideeast, Africa Support
Nokia has designated Egypt as its regional support hub for the Middle East and Africa, establishing a centralised operational base in Cairo to enhance service delivery and customer support. The move comes as digital transformation accelerates across the region, driven by the expansion of 5G networks, increased cloud adoption and rising data consumption. These trends...
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