Results for Technology

Lagos State APC Governorship Candidate, Sanwo-Olu to promote technology if elected

November 11, 2018

The Lagos State Governorship candidate of the All Progressives Congress(APC), Mr. Babajide Sanwo-Olu has promised to promote the growth and development of  technology sector in Lagos  State if elected as Governor in 2019.


This pledge was made on Friday, 9th of October during a Digital Lagos event hosted by Vibranium Valley where he addressed tech community of all types, start-ups, developers and tech innovators.

He said technology was changing the manner in which people live, work and do any other activity. He, in addition, said that the problems facing society can be curtailed  and solved through technology. Thus a city-state such as Lagos with a Gross Domestic Product of more than $136b dollars can be well-developed if technology were promoted in such.

Speaking on the significance of Digital Lagos as a veritable platform for the transformation of the country, the APC standard bearer who was accompanied to the event by his deputy governorship candidate, Dr. Obafemi Hamzat said the huge investment in technology and creation of an expansive learning facility like Vibranium Valley would give credence to the saying that "Africa is the future of the world".

He made a promise that his would-be government would work in partnership with the technology sector to solve social issues by creating employment opportunity, mentoring, entrepreneurship, education, health, transportation and to also improve the revenue profile of the government

He said, ‘‘I’m aware that technology is the oil of today. Some ten years ago, the richest companies in the world were oil and energy giants, but the tide has changed. What we have today are technology companies dominating the global economic space. With technology, transparency and accountability in government become easier and possible. Technological innovations are helping social enterprise address social problems. Tech is accelerating SME evolutions and the impact of this is positive on the economy, which gives everyone a share of the prosperity created by this system,”.

He as well also talked on the importance of the old Concord Newspapers facility, which accommodates Vibranium Garden along Murtala Mohammed Airport Road and the owner, Chief MKO Abiola who he said was a man of big idea and famous entrepreneur.

“That you are using the old Concord Newspapers facility as a hub of innovation in Lagos also invokes huge memories and the symbolism of the Chief Abiola. He was a man of big ideas and he represented hope. You are incubating big ideas here that will bring hope and prosperity to Lagos, Nigeria and the rest of the world", He said.

In his welcome address, the Co-founder/Chief Executive of Officer of Venture Garden Group, Bunmi Akinyemiju identified how technology and innovation are critical to create economic opportunities and social inclusion in Lagos adding that the facility currently employs over 1,500 Nigerians and the 5 years plan is to generate 45,000 employments.

Akinyemiju emphasized the challenges faced by tech start-ups in Lagos in areas of power, funding and tax which government must address, adding that the right partnership with government in Lagos and Nigeria will have exponential effect the economy

“Digital Lagos is about digital economy that will create innovators solving problems and improving the way we live and work. With what we have here and at Yaba innovation hub we are empowering the next generation of wealth creators in Nigeria. We are driving investment. You need to imagine the amount of foreign interest we get here from arou
nd the world. We need more campuses like this across Lagos.”
Lagos State APC Governorship Candidate, Sanwo-Olu to promote technology if elected Lagos State APC Governorship Candidate, Sanwo-Olu to promote technology if elected Reviewed by worldforummedia on November 11, 2018 Rating: 5

Driverless Cars will soon change the world - #Technology

October 06, 2018

SoftBank and Toyota want to change the world of transportation through autonomous vehicles and other technologies.
The high-profile Japanese companies are forming a joint venture called "Monet" to develop businesses that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which food is prepared en route.
SoftBank (SFTBF) will own just over half of Monet, while Toyota (TM) will hold the rest.
    The new company's name isn't a reference to Claude Monet, the famous French painter, but rather a shortened version of the words "mobility network."
    Toyota President, Akio Toyoda and SoftBank CEO, Masayoshi Son attended the announcement of the project Thursday in Tokyo, a rare joint appearance by the heads of two of Japan's biggest global companies.

    Driverless Cars will soon change the world - #Technology Driverless Cars will soon change  the world - #Technology Reviewed by worldforummedia on October 06, 2018 Rating: 5

    Technology - Zuckerberg Tops Warren Buffett To Become World’s 3rd Richest

    July 08, 2018

    Facebook Inc. co-founder Mark Zuckerberg has topped Warren Buffett as the world’s third-richest person, further strengthening technology as the most robust creator of wealth.

    Zuckerberg, who trails only Inc. founder, Jeff Bezos and Microsoft Corp. co-founder, Bill Gates, eclipsed Buffett Friday as Facebook shares climbed 2.4 percent, according to the Bloomberg Billionaires Index.

    It’s the first time that the three wealthiest people on the ranking made their fortunes from technology. Zuckerberg, 34, is now worth $81.6 billion, about $373 million more than Buffett, the 87-year-old chairman and chief executive officer of Berkshire Hathaway Inc. Zuckerberg’s ascent has been driven by investors’ continued embrace of Facebook, the social-network giant that shook off the fallout from a data-privacy crisis that hammered its shares, sending them to an eight-month low of $152.22 on March 27. The stock closed Friday at a record of $203.23.

    READ: Jeff Bezos passed Bill Gates for the world richest

    Technology fortunes make up about a fifth of the more than $5 trillion in wealth tracked by the Bloomberg index, more than any other sector. The ranking, which tracks the world’s 500 richest people, is updated after the close of each trading day in New York.

    Buffett, once the world’s wealthiest person, is sliding in the ranking, thanks to his charitable giving, which he kicked off in earnest in 2006. He’s donated about 290 million Berkshire Hathaway Class B shares to charities, most of it to Gates’s foundation. Those shares are now worth more than $50 billion, according to data compiled by Bloomberg. Zuckerberg has pledged to give away 99 percent of his Facebook stock in his lifetime
    Technology - Zuckerberg Tops Warren Buffett To Become World’s 3rd Richest Technology - Zuckerberg Tops Warren Buffett To Become World’s 3rd Richest Reviewed by worldforummedia on July 08, 2018 Rating: 5

    Hyundai Reveals Electric SUV

    February 28, 2018

    Hyundai will unveil a new all-electric SUV that could have the power and price to compete against the Tesla Model 3 and Chevrolet Bolt EV.

    The Kona Electric will make its debut at the Geneva Motor Show in Switzerland next week. It's based on Hyundai's small gasoline-powered Kona SUV.

    With the standard battery, the Kona Electric will have a range of about 186 miles. With an optional high-capacity battery it could go as far as 292 miles. These figures are based on new European driving test designed to yield more realistic results than tests that have been used before.
    The SUV will have paddles on the steering wheel that will adjust how much power the batteries will draw as the SUV slows and stops. Electric cars use "regenerative braking," drawing in energy to slightly recharge the batteries as the driver lifts off the accelerator and presses the brakes. Increasing regenerative braking makes the car slow more quickly.

    SEE: The Banana Phone is Back

    SEE: In the future, your kitchen will think for itself
    Although Hyundai is introducing the Kona Electric SUV in Europe first, it is expected to be available in markets outside Europe. Hyundai hasn't made any announcements regarding pricing, though, for Europe or elsewhere. Prices for the gasoline-powered Kona start at about $21,000 in the United States. The electric version is expected to cost more.
    Hyundai Reveals Electric SUV Hyundai Reveals Electric SUV Reviewed by worldforummedia on February 28, 2018 Rating: 5

    The Banana Phone Is Back! : A New Nokia 8110

    February 28, 2018

    A startup that licenses the Nokia phone brand has unveiled a new version of the 8110, a curved mobile phone that was first released in 1996 and featured in "The Matrix."

    The phone, which is offered in banana yellow and black, will sell for €79 ($97). It comes loaded with a new version of the game Snake, Finnish startup HMD said in a statement.
    "This is a return to the glory years of Nokia," said Ian Fogg, senior analyst at IHS Markit. "But it also includes all the new technology."
    The 8110 comes with 4G, and a handful of apps including Google Maps, Facebook (FB) and Twitter (TWTR). But it doesn't have a flashy operating system and users won't be able to download other popular apps.
    Fogg said that basic -- or "feature" -- phones are appealing because they are reliable, and can run for a long time on a single charge. The 8110 goes 25 days in standby mode, for example.
    Nokia used to be the world's largest maker of mobile phones, but it struggled to adapt to the era of smartphones and compete with the likes of Apple (AAPL) and Samsung (SSNLF).
    Microsoft (MSFT) purchased the company's handset business in 2013, but later unwound the deal. Nokia (NOK) now focuses on making technology for telecommunications networks.

    SEE: iPhone x goes on sale around the world

    SEE: iPhone 8 and iPhone 8 plus
    HMD, which has licensed the Nokia brand since 2016, sold over 70 million handsets in 2017, according to IHS. That puts its sales, on an annualized basis, in the same league as Sony (SNE)and Lenovo (LNVGF).
    "HMD's strategy clearly aims to return Nokia to be a mobile market leader, even if it's too early for HMD to realistically target displacing Samsung or Apple," Fogg said.

    SEE: Nokia 8
    The Banana Phone Is Back! : A New Nokia 8110 The Banana Phone Is Back! : A New Nokia  8110 Reviewed by worldforummedia on February 28, 2018 Rating: 5

    In The Future, Your Kitchen Will Think For Itself

    December 03, 2017

    Now, experts say the kitchen is poised for yet another reinvention. The next wave will be fueled by smart appliances, voice technology and 3D printers.
    Whirlpool (WHR) has already teased a concept for the smart kitchen. It includes touchscreens that populate recipes from Pinterest, a refrigerator that reminds you when you're low on milk and the ability to heat up a meal, such as a bowl of soup, by placing it anywhere on the counter, thanks to detection sensors.
    While we're still at least 10 to 15 years away from a fully connected kitchen, most of this technology already exists. The biggest challenge is getting devices made by different companies to communicate.
    Zoe Leavitt, senior retail and consumer packaged goods analyst at research firm CB Insights, said the future of the kitchen comes down to one ingredient: data.

    See: Hyundai reveals electric SUV
    "The next generation of connected appliances will be able to make data actionable," she said.
    For example, your refrigerator could sync up with a Fitbit to make food suggestions based on your health goals. Cabinets could include touch sensors that track what food you take out. Over time, the kitchen could serve up estimates for how many calories you eat every day.
    "This data could also be shared with grocery stores to support automatic delivery or algorithms predicting you might like a new product," Leavitt said.

    In The Future, Your Kitchen Will Think For Itself In The Future, Your Kitchen Will Think For Itself Reviewed by worldforummedia on December 03, 2017 Rating: 5

    iPhone X goes on sale around the world

    November 05, 2017

    Apple fans can finally turn themselves into an animated pig emoji on their very own iPhone X. The company's newest smartphone started going on sale in stores around the world Friday.

    Customers celebrating their iphone Xpurchases
    It's become a tradition for hundreds of dedicated customers to line-up outside stores around the world to be among the first to own the new iPhones.
    Apple enthusiast Rupert Legallias in London lined up for hours, as he did for previous launches for the iPhone 5S and iPhone 6, but he said this event was disorganized and his model sold out before he could get it.
    "There was only 120 people in front of me in the [line]. Their stock level must have been non-existent," he said. "It's just a disappointment."
    People who pre-ordered online will also start receiving their devices in the mail on Friday. Pre-orders for the iPhone X started early Tuesday morning. But within 15 minutes, the main Apple site in the U.S. ran out of devices that would ship on November 3. The wait times for online sales have jumped several weeks.
    To celebrate the iPhone's 10th anniversary, Apple included a number of major changes to the iPhone X. The screen takes up more space on the device, and replaces the Home button with face-detection technology.

    Related: The banana phone is back: Nokia 8110

    Related: Nokia 8
    But those features don't come cheap. The iPhone X starts at $999 in the U.S. andsignificantly more in many other countries.
    Apple has tried something new this year, launching two different iPhone models six weeks apart. The iPhone 8 and 8 Plus went on sale September 21, but excitement was tepid outside Apple Stores compared to previous releases. Fewer people appeared to line up in person for that device, which cost hundreds less than the iPhone X.
    The iPhone 8 devices are more traditional than the X. They added wireless charging, better cameras, and faster processors, but nothing as thrilling and futuristic as an animated poop emoji.

    Related: iPhone 8 and iPhone 8 plus

    iPhone X goes on sale around the world iPhone X goes on sale around the world Reviewed by worldforummedia on November 05, 2017 Rating: 5

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