????????‍????TechCabal Daily – MultiChoice reports $50 million loss

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Registrations for ChatGPT Plus are suspended.

Yesterday, OpenAI CEO Sam Altman took to Twitter to announce that you are doing too much with GPT-4.

According to Altman, usage has increased since the company released GPT Builder, a feature that allows users to create their own versions of ChatGPT. The company is struggling to meet demand.

BESIDESOpenAI reportedly spends $700,000 per day on compute costs for its AI service alone, so a feature that allows users to create other versions leads to increased costs.

Multichoice reports $50 million loss

Image source: MultiChoice

MultiChoice faced a setback in the first half of its financial year.

The African Entertainment Company declared an after-tax loss of R911 million ($50 million) for the period April to September 2023, a significant decline compared to the after-tax profit of R55 million ($3 million) recorded in the same period of Last year.

What caused it? Multiple choice assigned declining profitability due to power outages, cost of living pressures and the sharp depreciation of local currencies against the US dollar. Revenue also fell 1%, from 28.7 billion rand ($1.58 million) to 28.3 billion rand ($1.56 million).

A defeat in South Africa: Notably, MultiChoice saw an increase of 70,000 DStv subscribers in the rest of Africa, but this growth was offset by a loss of 486,000 subscribers in South Africa, resulting in a net loss of 416,000 90-day active subscribers in the whole group.

Subscriber losses in South Africa were also influenced by the company’s choice to remove 311,000 non-revenue generating customers from the base, which were “linked to special load shedding campaigns” carried out by the group.

Zoom out: Although the company suffered a loss, there were some positives, such as Showmax’s external revenue increasing 46% from R381 million ($21 million) to R555 million ($30 million). dollars), and 5% growth in MultiChoice’s premium customer base.

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Google Maps will avoid crime hotspots in South Africa

In South Africa, Google Maps will now avoid directing motorists towards crime hotspots.

Fifty-nine of these hotspots were confirmed by Tourism Minister Patricia de Lille, who signed a memorandum of understanding with Google country director Alistair Mokoena on Monday.

Alistair Mokoena

Google Country Director, Alistair Mokoena. Image source: MyBroadBand

How dangerous are these places? By MyBroadband, a recent incident saw a surviving American tourist shot in the face after his phone directed him to Nyanga, en route to Simon’s Town. The map on his iPhone warned him of heavy traffic on the highway and suggested he drive through Nyanga instead. It’s unclear whether he used Google Maps, Waze (owned by Google), Apple Maps, or another app.

Lateral bar : In the United States, the family of a North Carolina man is also sue Google. The family alleges that Google Maps ordered the man off a collapsed bridge until he died.

Safety over speed: Google believes that it’s not just about finding the quickest route to a destination. They believe that the nature of the road and safety also matter. The Tourism Minister also advised tourists to research crime hotspots before entering the country.

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Showmax gets a $27 million makeover

New Me GIF

GIF source: Tenor

MultiChoice may have had some losses, but it’s shaking things up with a big win. The pan-African streamer is revamping Showmax, and the new version will hit screens in February 2024.

This makeover comes after MultiChoice invested about $27 million (R500 million) in Showmax.

Out with the old, in with the new: MultiChoice drops standard and Pro subscriptions and welcomes three new faces: Showmax Entertainment, Showmax Entertainment Mobile and Showmax Premier League. The Entertainment plan will offer entertainment content, including movies and shows from American company Peacock.

By TechCabal, the Entertainment Mobile plan is the same but will only be accessible on mobile devices. But both plans do not provide access to all live Premier League matches and additional content from the competition. The Showmax Premier League plan will exclusively stream all Premiere League matches, and no other entertainment.

Bigger and better: MultiChoice’s new projects and content partnership with Peacock are leading to intense competition for its streaming rivals. A recent report shows that Showmax has toppled Netflix as the market leader in Africa with 1.8 million subscribers. The streamer’s new plans tell us that he doesn’t plan to abandon this title anytime soon.

MTN Nigeria in talks to acquire 9mobile spectrum

Image Source: Zikoko Memes

MTN Nigeria, a subsidiary of the South African group MTN, is negotiating to claim a role in the 9mobile spectrum.

The telecommunications company is said to be in advanced negotiations with Emerging Markets Telecommunications Service Limited (EMTS), known as 9mobile in Nigeria, to acquire a significant stake in its spectrum.

The deal, if successful, would mark an important step in the revival of 9mobile, which has been struggling financially since the departure of its main technical partner and investor, Mubadala from the United Arab Emirates in 2017. At that time, MTN had also proposed to acquire the telecoms. The success of the current offering could also see 9mobile’s 12 million subscribers join MTN’s 77.6 million subscribers, giving the telco 76% of the Nigerian telecoms market.

No confirmation yet: While neither 9mobile nor MTN have confirmed this project, sources close to the companies have suggested that negotiations are indeed underway and making serious progress. The National Communications Commission (NCC), Nigeria’s telecoms regulatory agency, also says it is not yet aware of the ongoing discussions between the two parties.

Zoom out: This is not the first time that MTN has attempted to acquire another telecommunications company in the country. In 2015 he succeeded acquired Visafone Communications Limited. The move included the transfer of stakes and frequency spectrum, helping MTN expand its network coverage in the country.

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South Africa has joined 47 other countries to crack down on tax-dodging crypto and NFT traders. By MyBroadBand, the South African Revenue Service (SARS) is implementing the Crypto-Asset Reporting Framework (CARF), which will enable tax authorities to automatically exchange information on cryptocurrency transactions. This is part of a broader effort to increase tax transparency and combat tax evasion in the cryptocurrency market.

The Supreme Court of India has rejected a petition asking the government to create crypto guidelines.. CoinDesk Reports that the public interest litigation, which also sought guidance for the prosecution of cases involving digital assets, was dismissed last Friday. This is not the end of crypto regulation in the country, however. In 2021, India drafted a bill to regulate crypto assets, and at the G20 summit in September 2023, it announced that it would decide its stance on crypto in the “coming months.”

  • Applications are open for the Aurora Tech Awards 2024. The award is an annual global award given to female founders of technology startups. First prize winners receive $30,000, second prize $20,000 and third prize $10,000. Apply before December 1st.
  • Applications are open for the Next Generation Social Sciences in Africa: Doctoral Thesis Research Grant 2024 (up to $15,000). The Social Science Research Council offers scholarships to support the completion of doctoral degrees and promote next-generation social science research in Ghana, Kenya, Nigeria, South Africa, Tanzania and Uganda. The scholarships support dissertation research on topics related to peace, security and development. Apply before February 11, 2024.
  • Citizens of Commonwealth countries in Africa can now apply for the Commonwealth Cyber ​​Scholarship Program in Africa 2024. Selected experts will serve as fellows for one year and receive exclusive access to academic research opportunities, networking events, and annual conferences, with a focus on improving cybersecurity policies and institutions in Commonwealth countries in Africa. Apply before December 10.

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