This line-up of stories will help you discover the latest happenings around the tech world, today
1. Japan’s Sumitomo set to invest $100m in Egypt
A Japanese company, Sumitomo Electric Wiring Systems, has obtained the Golden license with plans to invest $100m in Egypt to expand its electric wire factory.
Egypt’s CEO of the General Authority for Investment and Free Zones, Hassan Hamed confirmed the investment plans in a statement on Wednesday.
Ripples Nigeria gathered that Sumitomo obtained the license to build the world’s largest factory for the manufacturing of electrical wiring harnesses for vehicles with investments at US$100 million.
Sumitomo Corporation Group bills itself as one of the largest manufacturers of electric car wiring harnesses in the world.
The license, according to Hamed, is a combined license for all permits necessary to establish and operate projects.
He noted that 13 golden licences have been granted to companies and that 40 applications for obtaining a golden license are currently being studied.
Tech Trivia: Which of the following is another name for a Web address?
Answer: see end of post
2. OpenAI announces $20,000 bounty for reporting bugs
OpenAI has announced a $20,000 bounty to users for reporting vulnerabilities in its systems.
The firm behind chatbot sensation ChatGPT disclosed this in a media release seen by Ripples Nigeria on Wednesday.
According to the release, the OpenAI Bug Bounty program will offer rewards to people based on the severity of the bugs they report, with rewards starting from $200 per vulnerability.
The tech company announced a “$200 – $6,500 per vulnerability” and “Up to $20,000 maximum reward.”
The action was taken shortly after Italy suspended ChatGPT for allegedly violating privacy laws, which prompted regulators in other European nations to look examine generative AI firms.
In order to incentivize programmers and ethical hackers to report bugs in their software systems, technology corporations frequently deploy bug bounty schemes.
Trivia Answer: URL
Stands for “Uniform Resource Locator.” A URL is the address of a specific webpage or file on the Internet.
By Kayode Hamsat
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
In Niger, communities suffer as multi-billion naira Auna Dam project remains uncompleted despite 38 years of investments
In Niger State, the over 20 communities around Auna River have had their hopes for fresh water, electricity supply and...
INVESTIGATION: Years after, 15km Eleme-Onne end of East-West Road remains death-trap despite billions released
In this report, ARINZE CHIJIOKE chronicles the sufferings of road users on the 15km Eleme-Onne end of the East-West Road...
Gaza attacks intensify as 12 Thais, 10 Nepalese killed in Israel
The current violence in Israel has claimed the lives of at least 12 Thai people and 10 Nepalese individuals. Eight...
INVESTIGATION: Poorly executed classroom projects force children out of school in Niger State
Once a vibrant hub of learning for pupils, Kodo Primary School now resonates a stark contrast to its former days...
SPECIAL REPORT: Shell’s inaccurate data raises questions around efforts to control methane emissions in Nigeria
Much worse for the environment than carbon dioxide, despite global efforts to control methane, emissions continue soaring. With over a...