In a significant breakthrough, artificial intelligence (AI) agents are revolutionizing the way software is built, promising to reduce development costs, accelerate time-to-market, and minimize technical bottlenecks. This emerging trend is poised to disrupt the industry, with AI tools capable of generating entire applications, deploying them, and managing backend operations in real-time.
According to experts, the rise of "vibe coding" – where developers rely on AI to generate, refine, and deploy software – is shifting the skills in demand. Engineers will need to adapt to working with AI systems effectively, focusing on strategic thinking rather than manual coding. The implications are far-reaching, with AI-driven automation set to transform the industry in the near future.
In other news, MTN South Africa has launched an uncapped internet service, GigZone, for just $0.27 per day. This move comes in response to Telkom's recent tariff hike, and is expected to provide affordable internet access to many in township communities. While the speed may not be fast enough for high-definition video streaming or large file downloads, the price point is hard to resist.
MTN's existing mobile tower infrastructure allows it to expand GigZone rapidly, giving it an edge over traditional fibre-based providers like Riot Network, Vumatel, and Wire-Wire Networks. If the pilot is successful, MTN could quickly scale the service across the country, providing a much-needed affordable internet option for many South Africans.
In the venture capital space, investors are finding creative ways to extract returns in Africa, where IPOs and acquisitions are scarce. Secondary sales have become a popular exit strategy, with Oui Capital and HoaQ scoring significant returns through this approach. However, favourable terms do not come easily, and investors must be patient, disciplined, and sometimes build the exit themselves.
Meanwhile, the World Wide Web3 continues to evolve, with Bitcoin, Ether, XRP, and Solana experiencing fluctuations in value. The crypto market remains volatile, with investors keeping a close eye on market trends.
In other developments, Lagos Innovates (LSETF) is offering workspace vouchers to startups in Lagos to ease rising operational costs, while Lisk and CV Labs are inviting African Web3 startups to apply for Batch 2 of the Lisk Blockchain Incubation Hub. The six-month program offers up to $20,000 in grants per project, mentorship, and access to additional funding of up to $100,000.
Lastly, the tech community is mourning the loss of Adetunji "TeeJay" Opayele, CTO of Bumpa, who was killed by a reckless driver. Over 70,000 people have signed a petition demanding real justice, highlighting the need for accountability and road safety in Nigeria.
As the tech industry continues to evolve, these developments are set to have a significant impact on the African continent. From AI-driven software development to affordable internet access, the future of technology is being shaped by innovation and entrepreneurship.