Africa's Markets, Startups & Money Moves — Updated Daily

Amazon Founder Jeff Bezos Predicts AI Will Lead to Labour Shortages

Amazon founder, Jeff Bezos, has predicted that artificial intelligence will lead to labour shortages rather than the mass replacement of human workers, according to a report by Reuters.

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Physical AI Startup Prometheus to Build an ‘Artificial General Engineer’

Prometheus, the physical AI startup co-founded by Jeff Bezos and Vik Bajaj, the former co-founder of Verily, Google’s life sciences unit, announced it raised $12 billion

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Jeff Bezos-Backed Electric Vehicle Startup Slate Auto Secures Another $650 Million

Jeff Bezos-backed electric vehicle startup Slate Auto has raised another $650 million as the company prepares to put its first affordable pickup trucks into production by the end of 2026.

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Jeff Bezos Seeking to Raise $100 Billion for a New Fund

Jeff Bezos is reportedly seeking $100 billion for a new fund, the likes of which will be used to buy up companies in major industrial sectors and, ultimately, modernize and automate them with AI

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Jeff Bezos's Blue Origin to Focus on Upcoming Missions to the Moon

Jeff Bezos’ space company Blue Origin is pausing its space tourism flights for “no less than two years” in order to focus all of its resources on upcoming missions to the moon

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Billionaire Ownership of Media Companies is Expanding Rapidly

A new report by international development organisation Oxfam warns that billionaire ownership of media companies is expanding rapidly

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Tech Billionaires Cashed Out $16 Billion in 2025

Tech Billionaires cashed out $16 Billion in 2025. While tech stocks were busy setting records in 2025, the executives behind those companies were equally busy turning their paper fortunes into actual cash.

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