Folake Balogun

2 weeks ago | businessday.ng | Folake Balogun

Meta Platforms Inc. is on the verge of investing more than $10 billion in Scale AI, an artificial intelligence startup. Founded in 2016 by Alexandr Wang, Scale AI offers data labelling services essential for training machine learning models. Its technology helps clean, tag, and structure data so AI models can learn effectively, making it a behind-the-scenes powerhouse in the ongoing generative AI boom.

3 weeks ago | businessday.ng | Folake Balogun

MTN Nigeria Communications Plc has disclosed that women now comprise 46.7 percent of its executive management team. Female representation in its leadership team has increased to 41.4 percent, up from 38.7 percent in 2023. The figure represents double the industry average, according to the company. The telecommunications company, in its recently released 2024 annual report, highlighted strides in workplace inclusion, gender equality, and talent development as part of its ‘ambition 2025 strategy’.

3 weeks ago | businessday.ng | Folake Balogun

Lagos, Abuja, Ibadan, Enugu, and Port Harcourt emerged as Nigeria’s top five cities in the 2025 Global Startup Ecosystem Index by StartupBlink, a leading global startup research platform. They were followed by Ilorin, Kano, Kaduna, Nguru, and Benin City, rounding out the country’s top ten. The index assessed over 1,450 cities across more than 110 countries. “Nigeria has six cities ranked in the global top 1,000, with the majority experiencing a decline in rank,” the report said.

3 weeks ago | businessday.ng | Folake Balogun

You don’t have to recycle your laptop just yet because there are ways a laptop/desktop can have a second life. With the rising exchange rate and import costs, every Nigerian will want to squeeze as much life from a laptop or desktop computer as possible to save costs and reduce their contribution to e-waste. Using an old computer to carry out tasks can be really frustrating, such as taking hours to just open a Word document or even a browser.

3 weeks ago | businessday.ng | Folake Balogun

The rapid expansion of artificial intelligence (AI) and the surging energy demands of data infrastructure have been pushing up carbon emissions from the tech sector globally, a new report by International Telecommunication Union (ITU) and the World Benchmarking Alliance (WBA) has revealed. The Greening Digital Companies 2025 report disclosed that energy consumption and emissions have been rising sharply, despite increasing commitments to climate goals.