Search results for G42
AI & Enterprise
IMF says AI could lift sub-Saharan Africa\'s economy 4 percent but power and internet come first
Sub-Saharan Africa could increase economic output by about 4 percent over the next decade from adopting artificial intelligence if it improves electricity, internet access and digital capabilities, the International Monetary Fund said. Without such reforms, the gain would be limited to 0.2 percent, a report co-author said. The IMF said power supply and connectivity are key constraints, and warned that investment concentrating in a few countries could widen gaps within the region.
AI & Enterprise
Kenya struggles with Microsoft\'s large AI data centre plans over power demand
Microsoft\'s plan for a large data centre in Kenya has effectively hit a roadblock as it runs up against limits in the country\'s power infrastructure. The Kenyan government says the project, if it proceeds as planned, could place a serious burden on national grid operations. Discussions are shifting toward scaled-down alternatives, including a separate 60-megawatt facility, while the original Olkaria project, discussed at about $1 billion, is stalled over power capacity and transmission constraints.
AI & Enterprise
Cerebras Systems tops $100 billion in market value on Nasdaq debut
Cerebras Systems began trading on Nasdaq well above its IPO price, jumping 68 percent to push its market value past $100 billion. CNBC reported the stock opened at $350 versus an offering price of $185. The company sold 30 million shares to raise $5.55 billion, potentially rising to $6.38 billion if underwriters exercise an option. Cerebras posted 2025 revenue growth and a return to profit but still faces customer-concentration risks.
