Weekly tech news update

1. Google Launches 2025 BOLD Internship Program, Inviting Applications from Underrepresented Students

Google has officially opened applications for its 2025 BOLD Internship Program, a unique opportunity for talented students from underrepresented groups to gain valuable experience at one of the world’s leading tech companies.

The BOLD Internship Program provides participants with a hands-on learning experience, mentorship, and professional development opportunities. Interns will have the chance to work on real projects, collaborate with experienced Google employees, and develop their technical and leadership skills.

Key Program Highlights:

  • Paid Internship: Participants will receive a competitive salary and benefits package.
  • Mentorship: Interns will be paired with experienced Google employees who will provide guidance and support.
  • Professional Development: The program offers workshops, training sessions, and networking opportunities to help interns develop their skills and advance their careers.
  • Inclusive Environment: Google is committed to creating a diverse and inclusive workplace, and the BOLD Internship Program is designed to attract and support students from underrepresented groups.

Benefits for BOLD interns include:

  • Competitive compensation and benefits
  • Mentorship and career guidance
  • Networking opportunities with Google employees
  • The chance to work on cutting-edge projects

To apply for the BOLD Internship Program, students must meet the following criteria:

  • Be enrolled in a full-time undergraduate or graduate program
  • Have a strong academic record
  • Demonstrate leadership potential
  • Be passionate about technology and innovation

If you are a talented student from an underrepresented group and are interested in pursuing a career in technology, the Google BOLD Internship Program is an excellent opportunity to gain valuable experience and make a positive impact.

 

2. African Startups Flourish, Raising $138 Million in September 2024

African startups continued their impressive growth trajectory in September 2024, securing a total of $138 million in funding. This represents a significant increase compared to previous months, underscoring the growing investor confidence in the continent’s burgeoning tech ecosystem.

The funding round was a diverse mix of equity, debt, and grants, indicating the increasing maturity of the African startup landscape. While the exact breakdown of the funding is not yet publicly available, it is clear that a wide range of sectors and stages of development were represented.

The $138 million raised in September 2024 marks a significant increase compared to previous months, demonstrating the growing investor interest in African startups. The funding round included equity, debt, and grants, indicating the increasing variety of financing options available to African startups.

The funding was distributed across various sectors, including fintech, agritech, healthtech, and e-commerce, reflecting the diversity of the African startup ecosystem. The growing number of successful African startups is attracting larger investments from both local and international investors, fueling innovation and driving economic growth.

This latest funding surge is a testament to the increasing maturity of the African startup landscape. As more and more startups achieve significant milestones, they are attracting larger investments from both local and international investors. This influx of capital is fueling innovation and driving economic growth across the continent.

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3. NCC Threatens Starlink with License Suspension Over Price Hike

The Nigerian Communications Commission (NCC) has issued a stern warning to Starlink, a satellite internet service provider, over its recent decision to increase hardware and monthly subscription prices. The regulator has indicated that it may take “appropriate enforcement measures,” including the suspension of Starlink’s operating license if the company does not comply with its directives.

The NCC expressed concerns that Starlink’s price increase was implemented without prior approval from the regulatory body. This action is seen as a violation of the terms and conditions of its operating license. The regulator has emphasized that any changes to tariffs or services must be submitted for its review and approval to ensure that they are fair and reasonable for consumers.

Starlink has yet to respond publicly to the NCC’s threat. It remains to be seen whether the company will comply with the regulator’s demands or challenge its decision. The outcome of this dispute could have significant implications for the future of satellite internet services in Nigeria.

 

4. Michael Dell Sheds $1.22 Billion in Dell Technologies Shares

Michael Dell, the legendary founder and CEO of Dell Technologies, has made another significant move in his personal investments. In September, Dell sold 10 million shares of the company, cashing in a substantial $1.22 billion. This marks the second major share sale by Dell in recent months, sparking speculation about his future plans.

While the exact reasons behind Dell’s decision to reduce his stake in Dell Technologies remain unclear, it could be attributed to several factors. One possibility is that he may be looking to diversify his investment portfolio and explore other opportunities. Another explanation could be that Dell is taking advantage of the current market conditions to realize some of his gains.

Dell’s sale of 10 million shares represents a significant reduction in his overall holdings in Dell Technologies. However, he still retains a substantial stake in the company, reaffirming his commitment to its long-term success.

As Dell Technologies continues to navigate the evolving tech landscape, Michael Dell’s decision to sell a portion of his shares raises questions about the company’s future direction. It also highlights the dynamic nature of corporate ownership and the challenges faced by even the most successful entrepreneurs.

 

5. OpenAI Secures Massive $6.6 Billion Funding, Valued at $157 Billion

In a groundbreaking move that underscores the immense potential of artificial intelligence, OpenAI, the pioneering research organization, has successfully raised a staggering $6.6 billion in new funding. This significant investment catapults the company’s post-money valuation to a remarkable $157 billion.

The infusion of capital represents a major milestone for OpenAI, solidifying its position as a dominant force in the AI landscape. This substantial funding will enable the company to accelerate its research and development efforts, potentially leading to even more groundbreaking advancements in artificial intelligence.

With this new influx of funds, OpenAI can now invest more heavily in training larger and more complex AI models, expanding its research capabilities, and attracting top talent in the field. This will undoubtedly fuel the development of innovative AI applications across various industries.

As AI continues to reshape the world, OpenAI’s massive funding round signals a bright future for the technology. The company’s ability to secure such a significant investment is a testament to the growing confidence in AI’s potential to revolutionize society.

 

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