Latest news with #digitaltechnology
Reuters
3 days ago
- Business
- Reuters
Japan's NTT takes 8.91% stake in SBI Holdings under capital alliance deal
TOKYO, May 29 (Reuters) - Japan's Nippon Telegraph and Telephone (9432.T), opens new tab will invest about 110 billion yen ($755.49 million) in SBI Holdings (8473.T), opens new tab to acquire an 8.91% stake, as the two companies aim to integrate their digital technology and financial services. Under the deal, SBI said it will issue 27 million new shares to Japan's largest telecommunications firm through a third-party share allotment. ($1 = 145.6000 yen)
Zawya
3 days ago
- Business
- Zawya
Nigeria: B'Odogwu facilitates $144mln revenue for PTML Customs in eight months
The Unified Customs Management System also known as B'Odogwu has facilitated N230billion revenue at the Ports and Terminal Multiservices Limited (PTML) Command since its commencement in October 2024. The Customs Area Controller (CAC), of the Command, Comptroller Tenny Daniyan, who disclosed this during a courtesy visit by the Shipping Correspondents Association of Nigeria (SCAN) described B'Odogwu as a Nigerian digital technology that has come to change the narrative in Customs operations. He acknowledged that the new technology was not without challenges, but noted that over 90 per cent of the challenges have been resolved. 'PTML being the pilot command of the platform, I will say that over 90 percent of the challenges that will be envisaged in other areas are been resolved here. So going to TINCAN and going to APAPA, they won't be any technical issue. Yes, they may have stakeholder issues. Either those that refuse to come into the platform or those are not bringing good declarations. This is because B'odogwu is a more robust and more secure platform with some AI features that can help you to do a proper classification of things. and has some features that is not in NICIS, ' he said. Comptroller Daniyan commended the Comptroller-General of Customs, Adewale Adeniyi for having the confidence to go ahead with the initiative, which he said has today become the pride of Nigeria and Nigerians. Daniyan said 'B'Odogwu is working and its working for us, we have realised over N230 billion so far on the platform. If its not working with you, it means you are not doing the right thing. 'Now, we can only say, 'Yes, this is our baby'. It's our baby because we don't need a third party to do anything for us. It is fully Nigerian, unlike the Nigeria Integrated Customs Information System (NICIS) when you have issues you will have to translate and then send to a foreign country before the problem can be solved. 'All this could not have happened without the must acknowledge that he is a man of vision. He is a man that wants to leave his footprints in the sands of time. He's a man that has a goal. 'He sees custom, not of today, but of the future. And he feels that, how do we save the Nigerian government huge amount of money that is going to foreigners. 'This means that Customs is not only helping Nigeria to realise money, but also save money,' he said. Speaking earlier, the president of SCAN, Moses Ebosele commended the CAC for his open-door policy and thanked him for the cordial relationship between PTML Customs Command and journalists.
CNA
3 days ago
- Business
- CNA
Japan's NTT takes 8.91% stake in SBI Holdings under capital alliance deal
TOKYO :Japan's Nippon Telegraph and Telephone will invest about 110 billion yen ($755.49 million) in SBI Holdings to acquire an 8.91 per cent stake, as the two companies aim to integrate their digital technology and financial services. Under the deal, SBI said it will issue 27 million new shares to Japan's largest telecommunications firm through a third-party share allotment. ($1 = 145.6000 yen)
Malay Mail
5 days ago
- Business
- Malay Mail
PM Anwar: Sovereignty must be redefined to address AI, cloud tech outside reach of national laws
KUALA LUMPUR, May 28 — Prime Minister Datuk Seri Anwar Ibrahim reportedly said today that the government is making efforts to redefine the concept of 'sovereignty' in response to the growing impact of digital technologies. According to the New Straits Times, Anwar said that the traditional understanding of sovereignty is no longer sufficient to safeguard national interests amid the rise of artificial intelligence and cloud-based technologies. 'It (concept of sovereignty) has to be reviewed, repurposed to protect the security of the nation,' he was quoted as saying during a panel session at the 2025 Fortune Asean-GCC Economic Forum today. 'But at the same time, to allow for this new space to accommodate companies and operations in the cloud, within the sovereign area, but still totally independent of national laws.' The forum, co-hosted by Malaysia and Fortune, focused on addressing global economic challenges and shaping inclusive, sustainable policy solutions for the future. Yesterday, the 46th Asean Summit concluded under Malaysia's chairmanship. The two-day summit featured meetings between regional leaders on strengthening economic ties and advancing strategic cooperation.
Fast Company
6 days ago
- Health
- Fast Company
Forget ‘digital dementia'—tech use may help keep older brains sharp
A new study paints a promising picture for the ways that digital technology use affects the aging brain. Published in Nature Human Behavior last month, neuroscientists at Baylor University and the University of Texas at Austin conducted a meta-analysis drawing on 57 different studies and data from more than 400,000 participants over the age of 50. A digital brain boost The new study found that across the board, the use of everyday digital technology like computers, smartphones, and the internet is associated with lower measures of cognitive decline in middle-aged and older adults. The strength of that positive association was comparable to established protective factors for dementia like reduced blood pressure, cognitively engaging hobbies, and exercise. The results contradict assumptions that long-term technology use might lead to cognitive decline in old age. 'There was no credible evidence from the longitudinal studies, or the meta-analysis as a whole, for widespread digital 'brain drain' or 'digital dementia' as a result of general, natural uses of digital technology,' coauthors Jared Benge and Michael Scullin wrote. The meta-analysis, which aggregated findings across many different pieces of research, included previous studies on digital technology use in adults older than 50 if they examined cognitive performance or dementia diagnosis as an outcome. The average participant age was 68.7 years at the beginning of the study (a third of the studies were longitudinal, collecting data over time). These participants are described as 'digital pioneers' who did not have access to technology and the internet while growing up. Within the meta-analysis, the three studies that focused on the use of social media showed findings that are more mixed, with inconsistent results for cognitive measures. The authors hypothesize that increased social media use could mean participants had less face-to-face social interaction, which is notable because in-person socializing is believed to protect the aging brain against dementia. Helping seniors stay social Beyond social media, technology use could enable a thriving social life for aging adults, who might use video calls, messaging, and email to stay in touch with loved ones—digital tools that share little in common with social media's algorithmic feeds. 'Digitally enabled social connections improve feelings of loneliness in some older adults, but they may also increase exposure to socially driven misinformation or reduce the frequency of face-to-face relationships,' the authors wrote. 'Additional work is therefore needed to understand how, when, and for whom digital social connectedness benefits well-being and cognition.' The authors also suggest that future studies should look at the same trends in lower-income countries, where a spike in dementia diagnosis is expected and access to technology is expanding rapidly. While the study's results show a robust positive trend between the use of technology and a healthy aging mind, figuring out the root cause of those positive outcomes is a bit of a chicken-and-egg problem. 'For example, decreased walking speed presages cognitive decline in a host of neurodegenerative diseases, but the reverse causal direction is also present: Regular walking leads to better cognitive performance and slower rates of cognitive decline,' the authors wrote. For aging adults, it's possible that better cognition promotes technology use, even as technology use promotes better cognition. 'While the current meta-analysis showed a consistent, strong positive association between natural uses of digital technologies and overall cognitive well-being, there is no simple answer to whether technology is 'always good' or 'always bad' for the aging brain,' the authors wrote. 'It is unknown whether the current findings will hold in future decades for people who were initially exposed to digital technologies during childhood or as the types of general digital technology exposure change.'
