by admin | Mar 25, 2025 | business, korean, news, samsung, technology
On March 25, Samsung Electronics verified that Han Jong-hee, their vice chairman and CEO, had succumbed to a heart attack. It is reported that he fell ill on March 22 following his attendance at his daughter’s wedding celebration and was rushed to theSamsung Medical Center in Seoul, passing away subsequently.
Han headed the Device Experience (DX) sector—the principal segment among the firm’s two core divisions—where he significantly influenced the management of the Digital Appliances (DA) unit. He was born in 1962 and obtained an undergraduate degree in electronics engineering from Inha University before joining Samsung in 1988 with their TV development group. During his extensive 37-year career at Samsung, Han became well-known for his substantial contributions to the television market.
In November 2017, Han took over as the leader of the Visual Display Business at Samsung, earning praise for assisting the company in retaining its status as the global top producer of TVs for an uninterrupted period of fifteen years. His efforts were acknowledged when he was elevated to the positions of vice chairman and chief executive officer in 2021, overseeing the newly formed SET division that merges operations from both the IM and CE sectors.
During the 56th annual general meeting held on March 19, Han shared his perspective on Samsung’s upcoming trajectory. He stated, “Our aim is to establish a foundation for significant advancements within our current sectors through unparalleled technological superiority.” Additionally, he emphasized their commitment to exploring novel opportunities in various domains such as robotics, medical technologies, and advanced semiconductor solutions, all aimed at fostering sustainable expansion fueled by artificial intelligence innovations.
Initially, Han was slated to present the keynote speech at “Welcome to Bespoke AI,” Samsung’s premier annual event for home appliances, which was set for March 26. Nevertheless, on March 24, the firm declared a shift in speakers due to an unexpected medical emergency involving Han. Instead, executive members from the Development Division within the DA business will take over his speaking role.
In an internal communication, Samsung Electronics announced his demise, saying, “We grieve the loss of a individual who committed 37 years of service to our organization.” The firm further noted, “Under his leadership, our global TV operations reached the top spot and he exerted every effort as the chief of the SET division and DA business, despite difficult internal and external circumstances.”
by admin | Mar 25, 2025 | business, manufacturing, news, technology, technology industry
The robotics start-up co-founded by former Huawei ‘Genius Youth’ recruits has an ambitious 5,000-unit production target, far exceeding 2024 output
Agibot, a robotics startup based in Shanghai co-founded by a former
Huawei Technologies
“Genius Youth” recruits, is targeting production of up to 5,000 robots this year, according to a senior executive, matching Elon Musk’s Optimus plans.
The company, also known as Zhiyuan Robotics, plans to deliver between 3,000 and 5,000 robots this year, a significant increase from the fewer than 1,000 units shipped last year, according to Yao Maoqing, a partner at Agibot and president of the company’s embodied intelligence unit. The production surge reflects the eagerness among Chinese robotics start-ups for expansion amid a domestic boom in the industry.
In the first two months of the year, industrial robot production in China saw a 27 percent increase compared to the previous year, reaching 91,088 units. Meanwhile, service robot output surged by 36 percent to hit approximately 1.5 million units, as reported by official statistics.
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Established in 2023, Agibot has quickly emerged as a prominent figure in Shanghai’s robotics industry, having set up operations in the Lingang New Area. The company intends to launch a new factory in the Pudong district aimed at boosting its monthly output to over 400 robots, Yao stated.
“This year, we aim to deploy new products in industrial scenarios, replacing humans in specific tasks to create tangible customer value,” Yao told the South China Morning Post.
It will probably be about another five years before households widely adopt humanoid robots, he mentioned.
Agibot was co-founded by Peng Zhihui, a former member of Huawei’s high-profile “Genius Youth” programme that recognises top young talent in China. Peng, along with entrepreneurs such as
Xingxing Wang from Unitree Robotics
He is considered pivotal in positioning China as a leading force in the field of robotics.
Yao, a veteran of the autonomous-driving industry with stints at
Google
‘s Waymo and Chinese electric vehicle maker
Nio
, said the country has advantages in humanoid robotics, including a comprehensive hardware supply chain and abundant
artificial intelligence
talent.
The field of human-like robots is still in its early stages, with numerous potential uses yet to be explored, and current manufacturing expenses are quite steep,” Yao stated. He anticipates that these costs will significantly drop as production increases, allowing the expense of essential parts like motors, gearboxes, and modules to be distributed over greater quantities, thus enhancing cost-efficiency through better yield rates.
Yao mentioned that broad acceptance will likely occur when the cost per unit drops to around 50,000 yuan (US$6,900).
Currently, Agibot manages three primary product lines: Yuanzheng, a two-legged human-like robot intended for business applications; Genie, an agile wheeled robot equipped with two arms; and Lingxi, a compact humanoid aimed at both developers and general consumers. Earlier this year, the company celebrated reaching their 1,000-unit production mark, comprising of 269 mobile models and 731 walking bots. Peng has taken charge of advancing the Lingxi line, which just released its newest iteration—the X2 version.
Agibot has successfully concluded at least eight financing rounds, drawing investments from notable venture capital firms including GL Ventures, Lanchi Ventures, HongShan Capital Group, and CAS Star, an entity supported by the Chinese Academy of Sciences. The company also counts several industry leaders among its backers.
BYD
Beijing Automotive Group Company (BAIC) along with city-supported funds like Lingang’s Sci-Tech Fund have also invested, according to Chinese corporate database Tianyancha.
Yao mentioned that the start-up is presently estimated to be worth around 10 billion yuan.
Similar to other robotic companies, Agibot encounters difficulties due to limited data availability. In contrast to the extensive online textual information used for training big language models, robots necessitate multimodal models capable of interpreting their physical environments.
Agibot has established a data collection centre in Shanghai, where around 100 robots generate about 50,000 high-quality motion data records daily within a 2,000-square-metre facility. Each record contains tens of thousands of tokens.
“To attain general intelligence, robots need much larger datasets to confirm scaling laws and anticipate new abilities when data hits billions of tokens,” stated Yao. He highlighted Agibot’s dedication to utilizing open-source datasets, working together with industry colleagues and end-users, as well as generating additional data via simulations.
Earlier this month, Agibot introduced “Genie Operator-1”, a general-purpose embodied foundation model that it claimed can enhance robots’ multitasking abilities.
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The article initially appeared on the South China Morning Post (www.scmp.com), which is the premier source for news coverage of China and Asia.
Copyright © 2025. South China Morning Post Publishers Ltd. All rights reserved.
by admin | Mar 25, 2025 | business, journalism, news, news media, technology
-
To access additional Mail content, click here to subscribe to Mail+.
Since its establishment in 1896 by Alfred Harmsworth during the era of the telegraph, the Daily Mail has prospered through the strategic adoption of cutting-edge technologies.
Never has this statement been truer than it is today as we take pride in
announce
In addition to being Britain’s top-selling print newspaper every day of the week, the Mail also boasts over 250,000 digital subscribers.
Over 92,000 subscribers have joined Mail+ Editions – the digital version that mirrors the print edition of the newspaper you can read.
read using your tablet or smartphone
So far, over 163,000 people have enrolled in Mail+ to access the extensive collection of high-qualitysubscriber-exclusive articles on MailOnline.
Considering that Mail+ was introduced less than a year and a half ago, this rapid growth positions Mail as one of the quickest-rising newspaper subscription services globally.
Moreover, to emphasize that the Daily Mail has become a significant British export, approximately 21,000 subscribers reside in the United States, even though Mail+ was only introduced there last month.
Another 11,000 reside in Australia, where they revel in the outstanding tales emerging from our country.
Sydney
Meanwhile, the Daily Mail print edition remains ahead of its competitors, increasing this lead over time.
Actually, each week, we manage to sell 1.1 million additional copies compared to our nearest rival, The Sun, while The Times lags significantly farther behind.
Throughout the week, one out of every three national newspapers sold belongs to the Mail.
On Saturdays, when we exceed one million sales, 13 Daily Mails are purchased each second.
Ted Verity, the Editor-in-Chief of the Daily Mail, stated: “I believe there has never been a more thrilling period for being a Mail journalist. It’s an era where your content can reach and engage with a larger audience across numerous platforms and in various corners of the globe.”
The swift success of our subscription services is a remarkable testament to the skill and dedication of our exceptional team comprising reporters, writers, photographers, videographers, and editors.
However, this is merely the beginning. Our next objective should be to continually increase our subscriber base year after year, all of which will be supported by the exceptional and highly appealing journalistic content provided exclusively by the Daily Mail.
The Mail has appointed Celia Duncan as the world’s first Global Women’s Editor.
For years, The Mail has been at the forefront of providing exceptional coverage tailored for Britain’s largest and most dedicated group of women readers.
Today, we’re taking our dedication to women’s journalism a step further by appointing the world’s first Global Women’s Editor.
Celia Duncan, who came onboard in 2015 from The Times, will advance into this position following her collaboration with our exceptionally skilled groups of international editors and writers to introduce Mail+, our excellent new digital subscription service, in both Australia and the United States.
Ted Verity, the Editor-in-Chief of the Daily Mail, stated: “Over many years, exceptional journalism focused on women has been the core essence of the Mail.”
However, Celia has elevated this significantly by generating thousands of dazzling daily features, as well as three must-read weekly segments in Femail, Inspire, and Secrets & Lives – all contributing substantially to the number of online subscriptions for Mail+.
No finer indicator of theMail’s aspirations or the thrilling changes underway can be seen than through the hiring of the globe’s inaugural Global Women’s Editor.
Celia stated, “I’m incredibly thrilled to take on the role of the Mail’s inaugural Global Women’s Editor. This is a tremendous honor.”
The Mail has consistently led in women’s editorial content, boasting a dynamic, devoted, and highly involved female audience.
In collaboration with many of the finest writers and editors in Britain, we have significantly increased our focus on women’s content over recent years. The triumphant introduction of Mail+ in both Australia and the United States heralds an exhilarating new era for the Mail.
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by admin | Mar 25, 2025 | business, commerce, government, international relations, international trade
On March 24, 2025, ENA reported from Addis Ababa—Trade and Regional Integration Minister Kassahun Gofe expressed optimism that Ethiopia will complete its WTO accession process during the 14th Ministerial Conference (MC14), scheduled for March 2026 in Yaoundé, Cameroon.
At today’s press conference, Kassahun outlined the government’s intention to finalize the WTO accession process during the MC14 scheduled for Yaoundé from June 26-29, 2026.
As stated by the minister, the recently completed fifth negotiation cycle produced favorable outcomes.
Kassahun conveyed his optimism by stating, “Our belief is that we can accomplish our entry into the WTO during the MC14 in Cameroon. I remain hopeful.”
He went into more detail about the advancements made during the fifth negotiation round, emphasizing significant decreases in the quantity of questions raised by World Trade Organization member countries.
“In the fourth negotiation round held in 2020, approximately 181 queries were submitted to Ethiopia. The number has since reduced to 110, indicating significant advancement,” he pointed out.
The minister stated that Ethiopia will deliver detailed written responses by May 2025.
Furthermore, the minister revealed that Ethiopia has initiated bilateral market access talks with 12 out of 17 nations, including major economies like the United States and the European Union, following the principle of reciprocal trade benefits.
He highlighted that during the fifth round of meetings, 19 nations alongside the World Bank expressed backing for Ethiopia’s membership, surpassing typical levels of approval and anticipations.
Minister Kassahun Gofe stated that Ethiopia has been diligently working towards joining the WTO since 1999, having gained observer status in 2003.
Last week, during the discussions, Ethiopia emphasized its present economic situation and the ongoing economic changes, he mentioned.
The following negotiation session is set for this July.
According to the minister, the Ethiopian government has set up a systematic procedure involving a 35-member technical committee that carries out weekly evaluations along with a negotiation team that conducts bi-weekly assessments.
The minister further noted that numerous countries view Ethiopia as a nation with a GDP exceeding $206 billion and experiencing rapid economic growth. They believe that Ethiopia’s accession to the WTO would present significant market opportunities for fellow member states.
He mentioned that certain countries have gone through lengthy negotiation processes, involving over 12 rounds of talks, before successfully joining the WTO.
He mentioned that the possible advantages for Ethiopia joining the WTO entail functioning within a stable international marketplace.
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by admin | Mar 25, 2025 | business, economics, investing, investing company news, investing news
In February 2025, The Nigerian Exchange Limited saw a significant drop in trading activities with total transactions falling by 16.07 percent to N509.47 billion from N607.05 billion observed in January.
The decrease was primarily caused by a substantial exodus of foreign investors, with their activities dropping by 40.36% from N71.51 billion to N42.65 billion during that period.
The NGX’s Domestic and Foreign Portfolio Investment Report, published on Monday, indicated that foreign investments decreased by 29.67% to ₦18.05 billion in January from ₦25.66 billion previously. Additionally, foreign outflows saw a reduction of 46.33%, dropping to ₦24.60 billion from ₦45.85 billion.
The decrease in international involvement lowered their total trading share to merely 8.37 percent, down from 11.78 percent in January, underscoring the ongoing prominence of local investors in the stock market.
On the contrary, local investors maintained dominance over the market, representing 91.63 percent of all trades conducted. Nonetheless, their transaction value dropped by 12.83 percent, decreasing from N535.54 billion in January down to N466.82 billion in February.
An analysis of local trades showed that individual investors invested N214.51 billion, marking a 19.76 percent decline from the N267.35 billion recorded in January. Meanwhile, institutional investors put in N252.31 billion, which represents a 5.92 percent reduction compared to the N268.19 billion they had committed in the prior month.
The decrease in international deals highlights increasing worries about investors’ trust in Nigeria’s stock exchange.
Year-to-date, the total transaction volume for January and February 2025 was recorded at ₦1.12 trillion. Domestic investors were responsible for ₦1 trillion, which constitutes approximately 89.78%, whereas foreign investors accounted for ₦114.16 billion, constituting around 10.22%.
In comparison to the corresponding timeframe in 2024 when the total transactions amounted to N1.01 trillion, there has been a rise of 10.62 percent in market activity this year. Nevertheless, the proportion of involvement from international investors has decreased from 11.78 percent in 2024 down to 10.22 percent in 2025.
In the last 18 years, statistics indicate a consistent rise in local involvement in Nigeria’s stock exchange, with domestic activity climbing by 33.15%, from ₦3.56 trillion in 2007 to ₦4.73 trillion in 2024. During this timeframe, international dealings also expanded by 38.31% from ₦616 billion to ₦852 billion. Nonetheless, despite these increases, overseas engagement stayed comparatively modest at around 15% of all trades in 2024, whereas indigenous traders made up approximately 85%.
PUNCH disclosed that foreign investors pulled out ₦455.62 billion from the Nigerian stock market in 2024, far exceeding overall investments and highlighting worries regarding investor trust, even as the Central Bank of Nigeria attempted to stabilize the naira.
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Syndigate.info
).
by admin | Mar 24, 2025 | business, cloud computing, cloud services, technology, technology companies
By Kehinde Ogundare, National Director, Zoho Nigeria
The entrepreneurial zeal in Nigeria is unmistakable. Despite operating within a vibrant yet fiercely competitive marketplace, companies here have immense promise, ready to emerge as major players regionally and globally. Yet, actualizing this potential involves tackling a difficult environment characterized by scarce IT assets, intricate operational challenges, and entrenched conventional business methods. To achieve lasting expansion, Nigerian enterprises must embrace digital change, where cloud technology plays an essential role in facilitating progress.
As Nigeria’s middle class grows and its populace becomes more technologically adept, the country presents a promising environment for creativity and growth. However, numerous companies still rely on outdated, hands-on methods, which hampers their potential for expansion and competitive edge. In this scenario, cloud solutions and advanced digital resources prove essential.
The requirement for digital evolution
Conventional growth strategies struggle to adapt quickly enough to changing markets. Relying on manual procedures creates inefficiencies, insufficient data analysis impedes well-informed decisions, and constrained IT capabilities impede creative progress. To surmount these challenges, companies should embrace digital solutions that simplify processes, mechanize routine tasks, and offer practical analytics.
The process of digital transformation doesn’t revolve around implementing new technologies just because they’re available; rather, it focuses on achieving efficient expansion. For companies aiming to grow within the current digital landscape, scalability is essential as it allows them to broaden their audience, stay ahead in competition, and address shifting consumer expectations. By leveraging digital resources, organizations can enhance their influence, boost income generation, and streamline expenses, thus securing enduring stability.
The strength of cloud-based systems
Cloud-based platforms remove the necessity for significant capital expenditures on infrastructure, providing companies with advanced technological tools that are both adaptable and expandable. These systems automate routine processes, optimize work procedures, and boost efficiency, thereby freeing up important assets so enterprises can concentrate on their strategies and interactions with customers.
A comprehensive SaaS platform provides a cohesive environment for overseeing every aspect of a company’s operations. Through an centralized collection of tools, this system streamlines processes, minimizes manual input, and enhances teamwork among staff members. This leads to decreased overhead expenses and quicker strategic choices, facilitating swifter growth into emerging markets.
Zoho’s focus with their software lies in contextual intelligence, utilizing AI to deliver real value to customers. Given that customer experience holds significant importance in today’s market, Zoho’s AI-driven analytics empower companies to customize engagements, predict requirements, and enhance connections with clients. Additionally, Zoho remains dedicated to protecting customer privacy, ensuring that enterprises can use data ethically which helps build confidence and enduring allegiance.
An all-encompassing strategy for expanding a business
Zoho’s strategy of refining every part of the technological framework—from infrastructure to applications—guarantees smooth interoperability and peak efficiency. This comprehensive method leads to superior tech solutions for companies in Nigeria, allowing them to concentrate on what they do best without getting bogged down by intricate technical challenges.
For businesses in Nigeria, digital transformation is not an option but a must-have now. Adopting cloud-based solutions allows them to surmount conventional hurdles to expansion, grow more effectively, and realize their complete capabilities.
The future of Nigerian enterprises lies in digitization. By embracing the cloud, companies can turn obstacles into chances, thereby facilitating enduring expansion within a progressively cutthroat worldwide market.
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Syndigate.info
).
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