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Google Unveiled New Smartphones That Leverage AI Tech

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Alphabet’s Google on Tuesday unveiled a line-up of new Pixel smartphones with deeper integrations of its artificial intelligence technology as it races to incorporate AI into its hardware.

The upgrades include a Pixel-only feature that lets users search for information stored in screenshots. Android users can also now pull up Gemini, Google’s chatbot, as an overlay on top of another app to answer questions or generate content.

“There have been so many promises, so many coming-soons, and not enough real-world helpfulness when it comes to AI, which is why today we’re getting real,” Rick Osterloh, Google’s senior vice president of devices and services said.

We’re fully in the Gemini era,” he told engineers, executives, analysts and media attending the bigger-than-usual event at Alphabet’s Bay View campus in Mountain View, California.

The event bucked another tradition: the latest versions of its Pixel smartphones were announced in the summer rather than in autumn as Google had done with every iteration of the device since its launch in 2016.

“I’ve been to a lot of Google events and not only was this one of the most elaborate, but it was one of the most complete,” said Avi Greengart, lead analyst at Techsponential. He said Google demonstrated that it was at the forefront of AI.

The earlier timing of the event is Google’s latest bid to keep up with rivals in injecting AI features into its consumer-facing products and comes ahead of Apple’s planned launch of a new iPhone in September.

In June, Apple announced that devices including its latest version of iPhones would get upgrades that include “Apple Intelligence,” a slew of generative AI-powered features within native applications, and an integration with ChatGPT, the chatbot developed by Microsoft-backed OpenAI.

Google employees showcased several live demos of new Gemini functions, such as a voice conversation feature, though an attempt to use Gemini to cross-reference a picture of a concert poster with the calendar app took three tries and two devices to run successfully.

Pixel 9, the base 6.3-inch display model, will retail at a starting price of $799, which is $100 more than the previous model. This and the 6.8-inch Pixel 9 Pro XL will begin shipping later in August, a company spokesperson said. The Pixel 9 Pro, which comes with added features like a better camera, and the foldable Pixel 9 Pro Fold will ship in September.

Google holds less than 1% market share in global smartphone shipments as of the second quarter of 2024, according to IDC. It trails far behind Samsung’s market share of 18.9% and Apple’s market share of 15.8%, in part because Google has entered fewer markets and is focused on higher-end price segments.

The Pixel line has also enabled Google to show off advances and spur the developer ecosystem around its Android operating system, which is used by device manufacturers like Samsung. Android, globally, is installed on more than 80% of smartphones.

Android represents one of several frontlines where Google is battling competitors to embed AI in ways that consumers will use. In May, it debuted a swath of upgrades to core products like its search engine.

The company’s engineers redesigned the Pixel’s exterior and included camera upgrades as well as Google’s new Tensor G4 chip.

Google also announced new versions of its smartwatch, the Pixel Watch 3, and Pixel Buds Pro 2 wireless earbuds on Tuesday as well.

Google also added a “Loss of Pulse” feature to the new Pixel Watch. The feature uses algorithms to determine whether a user’s heart has stopped and can contact emergency services. The feature will be available in the United Kingdom and the European Union.

 

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Business

CBN Restores BDC Access to FX Market, Caps Weekly Purchases at $150,000

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By Huldah Shado

The Central Bank of Nigeria (CBN), has approved the participation of licensed Bureau De Change (BDC), operators in the Nigerian Foreign Exchange Market (NFEM), allowing each BDC to purchase up to $150,000 weekly.

The approval was contained in a circular dated February 10, 2026, signed by the Director of the Trade and Exchange Department, Dr. Musa Nakorji, and addressed to authorised dealer banks and the general public.

The CBN said the move is aimed at improving foreign exchange liquidity in the retail segment of the market and meeting the legitimate needs of end users, amid a widening gap between the official and parallel market exchange rates.

Under the new arrangement, licensed BDCs can access foreign exchange from the NFEM through any authorised dealer bank of their choice at the prevailing exchange rate.

The apex bank directed banks to carry out full Know-Your-Customer (KYC), and due diligence checks on BDC clients before selling foreign exchange to them.

It also imposed reporting and transparency requirements, mandating BDCs to submit returns electronically to the CBN.

In addition, the bank prohibited third-party transactions and limited cash settlement to a maximum of 25 per cent of each transaction.

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Abuja Reports

Ultraviolet MFB MD Visits Equity Circle, Eyes Strategic Partnership

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By Samson Adeyanju 

The Managing Director and Chief Executive Officer of Ultraviolet Microfinance Bank, Bayonle Omoyele, has paid a working visit to Equity Circle, one of Abuja’s fast-growing real estate companies, as part of efforts to strengthen strategic partnerships within Nigeria’s real estate sector.

During the visit, Equity Circle’s Co-Founder and Chief Marketing Officer, Fabian George, conducted Omoyele on a tour of the company’s facilities and outlined its growth trajectory.

He disclosed that the firm recorded significant milestones over the past four years, culminating in an ₦8 billion revenue in the 2025 financial year.

Discussions between both parties focused on establishing a strategic credit relationship, with proposed areas of collaboration including invoice discounting, structured credit solutions, and cash-flow management support to help Equity Circle sustain and scale its operations.

Addressing Equity Circle staff during an interactive session, Omoyele emphasised the importance of strong marketing fundamentals, highlighting the 4Ps of marketing-Product, Price, Place, and Promotion, as key drivers of long-term competitiveness and brand leadership.

He also urged the team to adopt a long-term growth mindset, remain focused, and ensure that every unit contributes meaningfully to the organisation’s strategic goals, noting that disciplined execution is critical in Nigeria’s evolving real estate market.

The visit underscores Ultraviolet Microfinance Bank’s commitment to supporting high-growth enterprises through tailored financial solutions and partnerships that promote sustainable economic development.

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Moniepoint Strengthens Africa’s Tech Talent Pipeline with DreamDevs Cohort 2

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By Omoniyi David

Moniepoint Inc has reaffirmed its commitment to building Africa’s technology talent pipeline, announcing the opening of applications for the second cohort of its flagship DreamDevs initiative.

Co-Founder and CTO Felix Ike described DreamDevs as a programme that equips recent graduates with industry-ready skills and hands-on experience to bridge the continent’s tech talent gap.

“The success of our first cohort validated that Africa’s young tech talent can compete globally. This year, we aim to convert half of our participants into full-time employees,” Ike said, adding that the initiative creates sustainable career pathways that drive Africa’s digital economy.

DreamDevs complements Moniepoint’s other talent development programmes, including HatchDev, in collaboration with NITHub, University of Lagos, which trains about 500 specialised developers annually, and the Women-in-Tech programme, now in its fifth year.

The initiative also aligns with the Federal Government’s 3 Million Technical Talent (3MTT), programme, with Moniepoint serving as a key sponsor, offering graduates a specialised pathway from training to employment.

DreamDevs underscores Moniepoint’s broader mission to leverage technology to empower Africa’s youth and advance the continent’s digital economy.

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