This week in AI

We might have experienced a lot of AI tools and some we even don't know, And our space had a big week. Tausi Africa is on a mission to amplify the future of credits using AI.

Among many here is a summary of this week in AI.

Manka is one of the first steps to Open Banking in Africa.

Tausi Africa recently launched Manka, an AI-powered analytics platform designed to transform Tanzania’s financial sector. This innovative tool processes bank and mobile money statements, drastically reducing the time it takes to assess credit risk—from hours to just minutes. With Manka, financial institutions can make faster, more accurate credit decisions, particularly benefiting underserved communities. The platform's advanced AI capabilities aim to boost financial inclusion and economic growth across the region by enabling tailored financial services.

For more, check out the full story here.

This solution aims to grow the lending business with accuracy, ease, and confidence. Leveraging alternative data to help financial institutions like Banks and Microfinance institutions extend credit to the unbanked and underserved population in Tanzania. You Join the waitlist to be the first to have a premium experience: https://lnkd.in/eEVRCieB

13'th Generative AI meetup

Once again, the 13th Generative AI Meetup was held, bringing together over 50 young people at the Stanbic Biashara Incubator. Led by speakers like kalebu Gwalugano , Rose Rwegasira , and others, the event also featured a hackathon with more than 8 teams competing. The winning project, Nilenini Chatbot, was a localized AI tool that helps users decide what to eat, when, and why, based on their needs. The innovation stood out, with emphasis placed on its potential for future success among all participants.

This event was proudly sponsored by Sarufi AI and Ghala Tz.

Opportunities and Events

The Tanzania Communications Regulatory Authority (TCRA) has announced a competition from the African Telecommunication Union aimed at recognizing young innovators under 35 who are developing AI solutions. This competition offers a platform to support and highlight Africa's innovative talent. Winners will receive opportunities to further develop their skills through world-class training programs.

For more details and to apply, you can visit the application link.

Lacuna Malaria Detection Challenge

The Lacuna Malaria Detection Challenge on Zindi invites participants to develop machine-learning models that can detect malaria parasites in images of blood smears. This competition aims to improve diagnostic accuracy in the fight against malaria. It provides data and encourages innovative solutions that can be implemented in real-world healthcare settings. Participants have the opportunity to contribute to global health while competing for prizes.

The competition has a total prize of up to $5000.

For more details, visit the competition page here.

Young AI Leaders Community

The UN's AI for Good Impact Africa 2025 event is launching in South Africa next year, supported by the SA AI Association. As part of this initiative, they are creating the Young AI Leaders Community, offering young innovators the chance to collaborate on AI solutions for global challenges, such as climate action, education, and health. Members will develop leadership skills, work on real-world projects, and connect with a global network of like-minded peers. Applications close on December 1st.

More details here.

Everything else you should know today

OpenAI Prepares for Landmark "Orion" Launch, Sam Altman Hits Back.

OpenAI is preparing to launch its latest AI model, Orion, by December 2024. The new model is expected to be up to 100 times more powerful than GPT-4 and will first be available to select partner companies, with Microsoft set to host it on Azure as early as November. Orion's development was completed in September, and it’s seen as a major step forward in AI capabilities. This release comes amid significant organizational changes at OpenAI.

For more details, you can read the full article here.

xAI, Elon Musk’s AI startup, launches an API

Elon Musk’s AI startup, xAI, has launched an API that allows developers to integrate its AI models into their applications. The API aims to compete with existing AI giants by providing powerful tools for various industries, from finance to healthcare. This marks a significant step for xAI in expanding its footprint in the rapidly growing AI market, positioning itself as a competitor to OpenAI and other major players.

For more details, you can check out the full story on TechCrunch here.

prompt of the week

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THE END

Until next time keep building.