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The generative video landscape just experienced a seismic shift. A massive financial bombshell dropped, sending shockwaves through global tech hubs and venture capital firms alike. Kling AI raises $2.98 billion.
Applications are open for a new programme aimed at preparing 20 Western Cape technology startups for international expansion and venture capital investment, with five businesses to receive fully funded places at GITEX Africa in Morocco.
Venture capital funding has declined significantly across the world in 2023, and though there were initial hopes that the nascency of the African tech ecosystem might mean it avoided too much damage, the growing size of the continent’s “startup graveyard” suggests that is not the case. Venture…