A newsletter about technology mixed with the right amount of investing. That's right!!

Tuesday, June 19, 2018

When faves link up

Issue #6

Happy Tuesday!

Aaaand we’re back after a week off! The break might have to do with work and being demotivated to get shit done. However, I’m super excited to send out another issue today.

When faves link up

Microtraction, a fund that “invests in Africa's most remarkable teams with technical founders at the earliest stage of their venture” last week announced it’s investment in CowryWise.

CowryWise, is a ~1-year-old Lagos based startup that is democratising asset and wealth management services and make them available to everyone. The company provides a platform for personalised financial services with a high interest rate only available to the top 1% . In the announcement made by Yele Bademosi, the Managing Partner at Microtraction, he invested in CowryWise because the company offers the proper mix of team, product and market potential.

The invested amount was not disclosed.


Google’s AI research center in Accra

You know one thing about AI, the term gets thrown around a lot like its some established industry and its all been figure out. But really, it is still a growing industry with millions of dollars invested into AI research by governments and corporations. It is also a race for talent as the biggest corporations are frantically acquiring people from the academics, startups and research institutions.

While the world battles for the brightest talent in the biggest and best universities in North America and Europe, an often forgotten land mine is Africa with droves of AI talent. That’s where Google comes in.

Sundar Pichai@sundarpichai

Excited that we'll be opening a new @GoogleAI center in Accra, Ghana - really looking forward to our research teams solving challenges with AI for Africa and beyond https://t.co/dTYvrcebPJ

June 13, 2018
As Google’s CEO stated in the tweet above, Google is pioneering an AI research centre in Accra, Ghana. The AI research would be one of google’s many initiatives to drive technology in Africa. Over the last 10 years, Google has played an active role in Africa’s technological development and adoption. This is an even bigger commitment as artificial intelligence is still a nascent field and our best talent can get to work on building the future of technology.


About BTC and ETH

Bitcoin

In spite of all the goodness that cryptocurrencies and the blockchain technology promises, there is this one adversary that the technology may not be able to overcome. And that is hackers.

Bitcoin tumbled more than 10 percent to its lowest in two months, after a South Korean exchange was hacked. Coinrail, a relatively small South Korean cryptocurrency exchange, tweeted that it was hacked, leading to bitcoin falling to a low of $6,647.33.

The crash appears to be over after the price stabled last Thursday.

Ethereum

The SEC has declared that Ethereum and its digital coin ether, are not securities. The announcement led the price of ether to rise by over 8 percent, hitting a high of $520 per token. The implications of this still remains to be seen.


And that’s a wrap. If you enjoy this newsletter, I’d love it if you’d tweet or forward to the two people who you think would enjoy it most.

Until next week,

Wole

👇🏽Psst! … Down here!

A newsletter about technology mixed with the right amount of investing. That's right!!