AI fintech company Optasia plans to raise 375 million dollars through South African stock exchange listing

The EU has launched an €11 billion AI Continent Action Plan to boost artificial intelligence development across key sectors and enhance technological sovereignty. The plan consists of five strategic pillars: establishing AI Factories and Gigafactories for computing infrastructure, improving data access through Data Labs, accelerating AI adoption in strategic industries, strengthening AI skills through an Academy, and facilitating regulatory compliance with the AI Act. With 13 AI Factories already operational and plans to mobilize up to €20 billion in investments, the initiative emphasizes European values of trust and transparency while fostering a competitive AI ecosystem through public-private collaboration.

Most large companies implementing AI technologies like ChatGPT have experienced initial risk-related financial losses, according to an EY survey. These losses stem from system errors, data mismanagement, and operational disruptions. Despite these setbacks, organizations continue investing in AI, motivated by its potential for efficiency gains and innovation. To mitigate risks, experts recommend implementing tailored risk management frameworks, investing in employee training, establishing secure data handling policies, and conducting thorough testing before full deployment. Companies remain committed to AI integration, expecting long-term benefits to eventually outweigh initial financial challenges.

Optasia plans to raise $375M through JSE listing in 2025 to fuel expansion across Africa. The AI-powered fintech firm will use funds to develop new AI tools, scale its platform, and form partnerships with telecom operators and financial institutions. The company provides micro-loans and credit scoring for underbanked populations using machine learning and AI.

OpenAI and Anthropic are seeking billions in new investment while simultaneously settling copyright lawsuits related to AI training data. Anthropic has reached an agreement in the Bartz case, allowing creators to claim compensation. These settlements aim to remove barriers to investment in the rapidly expanding AI sector.