NVIDIA invests in African AI Firm Cassava Technologies (19459000)
NVIDIA invested in Cassava Technologies, a pan-African tech firm founded by telecom millionaire Strive Masiyiwa. NVIDIA is developing new AI services to help companies create their AI factories. NVIDIA has become the Engine of AI, with its advanced systems, chips, and software, for the AI factories of tomorrow. Hardy Pemhiwa is the President & Group Chief Executive Officer of Cassava Technologies. He said, “Cassava Technologies is Africa’s most important technology company. It drives digital transformation on the continent with digital infrastructure and services.” This investment will unlock additional value and help us expand our digital infrastructure and services in order to bridge the digital gap on the continent. Microsoft Africa’s collaboration between NVIDIA Inception and Microsoft is designed to help startup founders take advantage of Microsoft’s cloud, AI tools, as well as go-to market support.
Africa, with its highest average entrepreneurial rate and significant investment growth is poised to be a leader in AI-driven solutions. NVIDIA will assist more than 2,400 AI startup that are transforming industries at a rapid rate and creating new jobs. Cassava has a long list of investors, including Econet Group, British International Investments, Finnfund Fund for Export Development in Africa, Fund for Export Development in Africa, Fund for Export Development in Africa, Fund for Export Development in Africa, Gateway Capital, Google LLC International Finance Corporation (IFC), NVIDIA Public Investment Corporation, and Royal Bafokeng Holdings.
Cassava Technologies is a leading technology company in Africa, the Middle East, and Latin America. Its portfolio of business units includes Liquid Intelligent Technologies (LIT), Africa Data Centres (ADC), Liquid C2, Cassava.ai and Sasai Fintech. The organisation will continue to collaborate with its partners and clients on the continent and outside, establishing itself as a leading tech company of African heritage.
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