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While a flashy AI event raged in Dubai, a once promising robotics startup shuttered

The commercial chasm between Artificial Intelligence and physical robots is growing deeper every day — and the technology industry has chosen a winner.  In a massive convention center in Dubai, attendees of the AI Everything summit checked out booths from the likes of Google and Huawei, played with robots shooting hoops, and lined up for…


The commercial chasm between Artificial Intelligence and physical robots is growing deeper every day — and the technology industry has chosen a winner. 

In a massive convention center in Dubai, attendees of the AI Everything summit checked out booths from the likes of Google and Huawei, played with robots shooting hoops, and lined up for a Microsoft AI to determine the ice cream flavor they should have based on their mood. Based on social media from the summit, the message was clear: AI in all its forms is the future, the future is dope, and the future is here!

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#Robots amaze and intrigue visitors at the AI Everything show in #Dubai . 📷: @vbesaphoto13 / The National . #UAE #UnitedArabEmirates #Artificialintelligence #aieverything #AIEverything2019 #MyDubai #TheNationalUAE

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Meanwhile, thousands of miles away in Silicon Valley, the leaders of a celebrated and by all accounts innovative robotics company — once hyped by Apple — announced to employees that it was shutting its doors for good. On April 29, Recode reported that Anki was laying off its employees and shutting down for good. Despite having raised $200 million in the past, getting a debut on the Apple WWDC stage, and generating positive reviews for its playful robots, it was unable to secure the funding it needed to succeed long term.

“Despite our past successes, we pursued every financial avenue to fund our future product development and expand on our platforms,” a company spokesperson told Recode. “A significant financial deal at a late stage fell through with a strategic investor and we were not able to reach an agreement. We’re doing our best to take care of every single employee and their families, and our management team continues to explore all options available.”

Roboticists from Carnegie Mellon University founded Anki, with ambitions to marry useful AI with personality-driven devices. Anki had success with its line of race car toys, and it upped the ante with its cute, smart, robotic companion toy, Cozmo. But it faltered with the 2018 debut of its Vector, which scored big on personality, but couldn’t compete with the skillsets of devices like Amazon’s Echo, powered by Alexa. As one Mashable reviewer put it at the time, “Vector’s purpose is a little unclear… [its] personality stands out more than any of the functions it can perform.”

Anki is not alone in its struggle to marry social robots with utility. The similarly cute Jibo robot announced to bewildered owners that it would cease to function in March. 

These tales of un-materialized robotic commercial ambition, set against the background of the Middle Eastern AI bonanza, tell a bigger story about what’s going on with AI. 

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The iPhone 16, almost a year later

Apple’s innovations with the 16 series overall this year boil down to a new button, some AI features, and a faster chip. There are a few other enhancements, but the three mentioned are the most important selling features for me. And since these also came to both the Pro and the standard 16 series, I’m

Apple’s innovations with the 16 series overall this year boil down to a new button, some AI features, and a faster chip. There are a few other enhancements, but the three mentioned are the most important selling features for me. And since these also came to both the Pro and the standard 16 series, I’m falling in love with the regular 16 much more than I expected.

Over the years, I’ve used every iPhone type except for the older iPhone 12/13 minis. I’ve mainly stuck with standard-sized Pro phones over the years for that extra zoom lens, but with the power of computational photography, I’ve found this less of a necessity since Apple started using its Fusion Camera tech. There’s no doubt the dedicated lens is better, but the iPhone 16’s 5x zoom can provide pretty darn good results.

After the iPhone event last year, I decided to mainly use the iPhone 16 Pro Max since the review unit I was provided came in the stunning Desert colour, but also because it’s technically the best iPhone on paper. However, after spending more time with a basic iPhone 16, I can say that the larger and heavier Pro Max isn’t for everyone, and it actually might not even be for me.

Even with the Titanium frame, the Pro Max is large, and all the extra screen, battery, and camera power amount to lots of weight resting on your pinky. On paper, the 227g Pro Max doesn’t seem significantly heavier than the 170-gram iPhone 16, but after holding both for weeks, I can say for sure that most of the time I’m a lot more comfortable using the smaller phone. It’s easier to reach around with my thumb and doesn’t put as much pressure on my pinky. This all sounds dumb, but after using the heavier phone, I could feel its impact on my pinky. Is it a big deal? No, but it was something that was weighing on my mind (and pinky) a lot. Even as I write this, I’ve had both phones in hand and every time I use the Pro Max for a prolonged time, I feel it.

When it comes down to it, I like using the regular iPhone every day simply because it’s more convenient to hold. I know that seems crazy considering how many things really separate the two phones, but most of the time, I’m using my phone to search the web, browse social media, or watch YouTube, and

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South Africans can now buy Apple, Alphabet shares as digital tokens on Luno

From early August, Luno, a cryptocurrency and digital investment platform, will allow its users in South Africa to invest in tokenised stocks and exchange-traded funds (ETFs), making global equities like Apple and Alphabet accessible for as little as R20 ($1.13). The move positions Luno as a multi-asset investment platform and marks what it says is

From early August, Luno, a cryptocurrency and digital investment platform, will allow its users in South Africa to invest in tokenised stocks and exchange-traded funds (ETFs), making global equities like Apple and Alphabet accessible for as little as R20 ($1.13). The move positions Luno as a multi-asset investment platform and marks what it says is a first-of-its-kind offering in South Africa’s fast-evolving financial landscape.

Tokenised stocks are digital representations of real shares, backed 1:1 by actual securities. By enabling access via rands, Luno is removing longstanding barriers such as currency conversion costs, high fees, and trading-hour restrictions for retail investors in emerging markets.

“Until now, access to global financial markets has been locked behind red tape and legacy systems,” said Christo de Wit, Luno’s country manager for South Africa. “With tokenised stocks, we are offering South African investors easy access to global investments any time of the day or night.”

The platform will support over 60 U.S. companies and market indices, including Apple, Alphabet, NVIDIA, and the S&P 500. These tokenised products are made available through partnerships with infrastructure providers like Kraken’s xStocks and Backed Finance, which Luno says will ensure regulatory compliance, secure custody, and alignment with global financial standards.

How Luno tokenised stocks work

Customers can start investing with as little as R20 ($1.13), even in companies like Apple and Google. Instead of paying nearly R4,000 ($226) for a full Apple share, they can buy just a piece. These tokens are digital versions of real stocks, and customers trade them through blockchain. 

“This represents a fundamental shift in how we think about investing,” explained de Wit. “We are not just digitising old processes, we are reimagining what is possible when you combine improved technology with investor needs.”

Launched in 2013, Luno has grown to become one of Africa’s leading crypto exchanges, but now it’s adding tokenised stocks and ETFs. South Africa remains one of the continent’s most active crypto markets. Over 5 million South Africans are estimated to own crypto, with digital asset ownership expected to grow by nearly 8% annually through 2031.

Luno competes with platforms like VALR, Binance, AltcoinTrader, and wealthtech apps like EasyEquities and Satrix that focus mainly on traditional stocks and ETFs. 

Still, the expansion into tokenised equities could bring Luno under closer scrutiny. As digital tokens backed by real-world financial instruments, these offerings may fall within capital market regulations, including investor protection and transparency requirements. South Africa’s Financial Sector Conduct Authority (FSCA) is already in the process of licencing crypto asset providers and building a clearer framework for digital securities.

Mark your calendars! Moonshot by TechCabal is back in Lagos on October 15–16! Join Africa’s top founders, creatives & tech leaders for 2 days of keynotes, mixers & future-forward ideas. Early bird tickets now 20% off—don’t snooze! moonshot.techcabal.com

Sakhile Dube Associate Reporter

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Crypto summer on 1xBet: iPhone 16 Pro Max, Samsung Galaxy S24 Ultra, Apple Watch Ultra 2 and other gadgets in the draw

Updated 18 July 2025 at 10:54 IST The rapid pace of cryptocurrency adoption has a significant impact on our daily lives. While in 2010, paying for two pizzas with bitcoins was a meme within the geek community, today you can use digital coins in online stores like Gucci, Balenciaga, and Shopify, as well as deposit

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