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Home Blog Page 7382

Elon Musk Is Africa’s Finest Export To America

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There is no doubt – the finest technical mind in the world, in this generation, is Elon Musk.

Yes, many pundits have labeled Elon Musk as our generation’s Thomas Edison. Apart from the physical similarities, few people are tackling challenges of the same scale and importance as Musk. From PayPal to Tesla to SpaceX to Neuralink, Musk has revolutionized multiple industries.

Mr. Must talks about colonizing Mars and creating a hyperloop to move passengers from Los Angeles to San Franscisco in 30 minutes? He is a visionary leader.

A visionary founder is one that can instill radical vision into others, hiring the best talent along the way to join the crazy journey. Elon has eschewed most salary and cash bonuses, creating a compensation plan of stock options that vest only based on operational goals set by the board.  Musk also subscribes to his own form of the lean startup methodology, often touting that if things are not failing you are not innovating fast enough.

The world needs to remember that Africa exported Musk to America. As personalities like Chamath Palihapitiya, founder of Social Capital,  and many others, have come to agree that Elon Musk is our generation’s Thomas Edison, they need to know that by extension Africa produced this generation Thomas Edison.

Elon Musk was born in South Africa before he made it into U.S. He is the founder, CEO, and CTO of SpaceX; co-founder, CEO, and product architect of Tesla Inc.; founder and CEO of Neuralink; co-founder and chairman of SolarCity; co-chairman of OpenAI; co-founder of Zip2; and founder of X.com, which merged with Confinity and took the name PayPal. As of May 2017, he has an estimated net worth of $15.2 billion, making him the 80th-wealthiest person in the world.

 

MEST Extends Application Deadline: Seed Fund Up To $100,000 For African Entrepreneurs

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MEST extends deadline for applications to its $50,000 – $100,000 seed funding for African Startups and Entrepreneurs. It is now captured as “All year round” but must close by “July 2017” when the candidates will be announced.

Begin the process of applying to become an Entrepreneur-in-Training (EIT) at MEST by following the steps below:

  1. First, take the Discover MEST Test.
  2. Then complete the Application Form.
  3. Shortlisted candidates are invited to take the Aptitude Test.
  4. Successful candidates are invited for the telephone interview.
  5. Shortlisted candidates are invited for in-person group interview.
  6. Finalists are invited for an in-person one-on-one interview.

Meltwater Entrepreneurial School of Technology (MEST) is calling techies and entrepreneurs from Ghana, Nigeria, Kenya, South Africa & Ivory Coast to join its next dynamic cohort of trainees, with the opportunity to become world-class software developers and receive funding for their tech startups by entering the fully sponsored year-long program in Accra, Ghana which begins August 2017.

Joining the program exposes the entrepreneurs to new and diverse cultures, builds them to become globally competitive, and makes them eligible to receive seed-funding of USD $50,000 – $100,000 from the Meltwater Foundation.

Recruiting from South Africa, in addition to Ghana, Nigeria, Kenya and Cote D’ivoire is a deliberate move by MEST to create a pan-African network and curate a rich pool of talent and ideas. MEST aims to increase the rate of entrepreneurship adoption amongst African youth, drive more external investment to the continent, and in 2018 launch an Incubator in Johannesburg or Cape Town for MEST-graduated South African entrepreneurs to build a base and work on home soil.

The entrepreneurs-in-training (EITs) who are accepted into MEST also receive perks that allow them to focus 100% on building globally successful software companies: housing accommodation for a year in Ghana, three meals a day, and a small monthly stipend.

All interested and eligible applicants must:
– Have deep passion to build a globally successful software company
– Have several years entrepreneurial or corporate work experience
– Be able to commit spending a year in Accra, Ghana participating in the MEST training program starting August 2017

Think you’re a perfect fit for MEST or know someone who is? Start the application process HERE or contact recruitment@meltwater.org.

Watch This Video Of Cray Supercomputing Explaining Next Intelligent Computing

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Cray has committed major resources to deep-machine learning on its supercomputers. It boasts that its purpose-built Cray® CS-Storm™ cluster supercomputer adds to the industry’s broadest range of integrated systems, ready to tackle artificial intelligence (AI) problems at production scale.

This video, below, tells you about the next phase of intelligent computing. Cray is using Nvidia GPU processors to advance these machines. Deep learning can be nearly linearly accelerated by Nvidia GPUs, with up to 35,840 Cuda GPUs available to divide and conquer AI applications.

With HPC (high performance cluster), machine learning and deep learning, Cray can bring new insights to how we solve everyday problems. It is one of the world’s most recognized brands in making supercomputers and getting into this field means that the AI will receive the infrastructure required in coming years for exponential progress.

Watch the video.

https://youtu.be/48elFB19Oco?list=PLirJ3rHY8PMwNKBgOfdYn_tx4uan_RZYu

 

 

This Is The Most Dangerous Habit CEOs Are Learning From Donald Trump

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Donald Trump is reshaping Washington. But the interesting thing is that it is not just Washington that he is impacting, Wall Street is learning from him.

For as long as there’s been media, politicians have decried its treatment of them. US president Donald Trump has taken it to a new level by branding any story or outlet he disagrees with as “fake news.” As bad habits go, Trump’s routine recasting of facts as the lies of his enemies is particularly egregious.

And now it’s spreading. An increasing number of executives in business and elsewhere have seized on Trump’s strategy of discrediting the media to deflect attention from their own struggles. He is teaching companies to operate fact-free and that is dangerous for the business community.

Cases

  • Michael Johnson, CEO of nutrition-supplement maker Herbalife, said the company’s financial struggles were “agitated by” public complaints from a short-seller, glossing over its $200 million settlement with the Federal Trade Commission for running a pyramid scheme.
  • Officials at FIFA, soccer’s global governing body, denounce “FIFA-bashing” in the media, even as more of them get swept up in corruption charges.
  • Eddie Lampert, CEO of Sears Holdings, this week lambasted the “irresponsible” media for “singling out” the 131-year-old retailer with negative coverage. Lampert says it’s “very unfair” that journalists keep using the word bankruptcy to describe the likelihood of Sears filing for, well, bankruptcy.

In business, as in life, there are often two sides to a story. Entire industries rest on the importance of analyzing companies’ successes and struggles. But commerce also rests on mutually agreed-upon facts. Sure, there’s nuance in how you ended up with them, or where you go next, but numbers—like hips—don’t lie.

If the business word moves in this terrain, Trump might have started the collapse of capitalism the way we know it.

Donald Trump is bringing an era of fact-free capitalism and many CEOs are picking his skills to question analysts and journalists covering their businesses.

America cannot operate on fact-free democracy, and at the same time fact-free capitalism.

This Bank Is Making 0% Interest Rate Loans In Nigeria

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This sounds really cool – 0% interest rate on loans, in Nigeria.

The Bank of Industry (BoI) has reduced its interest rates for National Youth Service Corps (NYSC) members under its Graduate Entrepreneurship Fund (GEF) programme, to 0% from 9%, as part of measures to encourage entrepreneurship and aid business growth.

According to the BOI, the GEF scheme being implemented by it in partnership with the  NYSC Directorate is currently on the second edition and has recorded over N262.9 million disbursements to 177 successful candidates.

The bank said the 0% charge took effect from May 1, 2017.

Visit the bank website and explore opportunities – http://www.boi.ng/