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The Nigerian government funds AI projects with $290K in grants.

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The Nigeria Artificial Intelligence Research Scheme, recently introduced, aims to promote the extensive application of AI to drive economic progress. On Friday, October 13th, the Nigerian Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, unveiled a groundbreaking plan. The government’s intention is to allocate 5 million naira (equivalent to $6,444) to 45 startups and researchers with a profound focus on artificial intelligence (AI). This initiative was publicly disclosed by the minister through a post on X (formerly known as Twitter). It constitutes a pivotal component of the newly introduced Nigeria Artificial Intelligence Research Scheme, which seeks to facilitate the widespread integration of AI to catalyze economic advancement. Exploring the official website of this scheme, we discover that its key focus areas encompass agriculture, education, workforce development, finance, governance, healthcare, utility services, and sustainability. To qualify for...

Ex-Coinbase manager's brother sentenced to 10 months in insider trading case

This is believed to be the first insider trading case involving cryptocurrency. The brother of a former Coinbase product manager , Nikhil Wahi, has been sentenced to 10 months in prison for wire fraud conspiracy charges, in what is believed to be the first inside r trading case involving cryptocurrency.  As reported by Reuters, Nikhil Wahi pleaded guilty in September to initiating trades based on confidential information obtained from his brother , Ishan Wahi, who was a former Coinbase product manager . Ex-Coinbase manager's brother sentenced to 10 months in insider trading case https://t.co/Kyy6DqSb9D pic.twitter.com/ruQjwr5i4h — Reuters (@Reuters) January 10, 2023 Nikhil Wahi admitted to trading with the use of inside information obtained from Coinbase. According to the federal prosecutors in Manhattan, Ishan Wahi, a former product manager, had shared confidential information regarding new digital assets that Coinbase was planning to add to its trading platform, with both...