With Artificial Intelligence (AI) increasingly driving innovation and growth, FATE Foundation is set to spotlight the transformative power of AI in business.

The foundation has announced its 10th business conference to bring together industry experts, entrepreneurs, and thought leaders to explore the opportunities and challenges of AI-powered business.

According to the foundation, this year’s conference promises to be a groundbreaking event, exploring the transformative power of Artificial Intelligence (AI) in driving business growth, innovation, and sustainability.

The AI Powered Business conference is a timely platform for FATE Alumni to showcase their innovative ideas and solutions,” said Toyin Bakare, FATE Alumni president. ”

“We are confident that this event will provide valuable insights and opportunities for growth, and we look forward to seeing the impact it will have on our community.”

The conference will feature keynote speeches, panel discussions, and a pitch competition, providing a platform for industry experts, entrepreneurs, and thought leaders to share insights, best practices, and innovative applications of AI in business.

Attendees will have the opportunity to network with like-minded individuals, potential partners, and investors, fostering collaborations and business growth.

Themed ‘ AI Powered Business’ is schedule to hold September 26, 2025, at the Balmoral Convention Center in Lagos.
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The conference will also feature a pitch competition, where entrepreneurs will have the chance to showcase their AI-powered business ideas and compete for grants of up to N1 million.

“We are excited to explore the vast potential of AI in business at this year’s conference,” said Dipo Davies, Chairman, 10th FATE Business Conference Technical Committee.

“As AI continues to revolutionize industries, we believe it’s essential for entrepreneurs and business leaders to stay ahead of the curve and harness its power to drive growth, innovation, and sustainability.”

“This conference will provide a unique opportunity for knowledge sharing, networking, and collaboration.”

The conference has been priced at N50,000 per attendee, to afford small and medium sized companies the opportunity to attend physically.

The confirmed speakers are Kofo Akinkugbe, OON, founder and group CEO, SecureID Group; Adedeji Olowe, founder, Lendsqr and Olatunbosun Alake, commissioner for Innovation, Science & Technology, Lagos State Government among others.

Adenike Adeyemi, executive director of FATE Foundation, said the conference will enable over 1000 entrepreneurs with the knowledge, insights and tools to innovate and accelerate their business growth and open new opportunities for success.

“By bringing together industry experts, thought leaders, and innovators, the conference aims to foster a dynamic ecosystem that supports entrepreneurship and economic development,” she said.

Interested participants should visit the foundation’s website to register for the event.

Anthropic’s latest Economic Index report published on Monday found 77% of businesses using the company’s Claude AI software are doing so for automation purposes like “full task delegation,” while just 12% are using the tech for collaborative purposes such as learning. Anthropic used data selected from one million application programming interface transcripts from mostly businesses and software developers for its report.

The proliferation of task automation—most heavily used for coding tasks, as well as writing and educational instruction—is likely a result of both AI bots getting better at completing tasks, as well as users getting more comfortable with the technology, according to Peter McCrory, head of economics at Anthropic. For businesses integrating AI into their workplace, automation may help drive efficiency.

“Businesses are figuring out how to build the embedded infrastructure to unlock the productivity effects,” McCrory told Fortune. “And there are likely to be some labor market implications as well.”

McCrory said the purpose of the report is not to draw conclusions about how AI will impact the labor market in the future. Still, as AI automation tools become more readily available, so does evidence of its impact on the future of labor, particularly for those just entering the job market. A first-of-its-kind study from Stanford University published last month found indications of AI having a “significant and disproportionate impact on entry-level workers in the U.S. labor market,” including a 13% relative employment decline for early-career employees in the most AI-exposed jobs since companies began widely integrating the technology into their workplaces.

Anthropic CEO Dario Amodei is well-aware of the risks of this shift on the labor landscape. He warned in May that AI could wipe out nearly 50% of entry-level white collar jobs within the next five years.

“Most of them are unaware that this is about to happen,” Amodei told Axios. “It sounds crazy, and people just don’t believe it…We, as the producers of this technology, have a duty and an obligation to be honest about what is coming.”

Gen Z’s AI fears, realized

For Gen Z, the fear of AI knocking them off their career paths is already salient. According to a survey by career platform Zety of 1,000 Gen Z workers, 65% of respondents said a college degree would not protect them from a job loss related to AI.

The generation’s concern about AI-related job loss is “on the right track,” Christopher Stanton, associate professor of business administration at Harvard Business School, told Fortune.

According to Stanton, jobs won’t be entirely automated, but tasks will, raising questions more about what is asked of employees, as well as how they are trained. For example, an AI bot may be able to generate marketing copy for an ad, but a writer or editor is still needed to input prompts and edit the outputs.

However, the automation of tasks will have an outsized impact on entry-level jobs in particular, Stanton said. Workplaces will start to prioritize giving workers apprentice-like experiences to train them, which will likely hit wages for those positions.

“You can imagine that AI is doing a lot of what entry-level workers used to do, but you still need those people to get context,” he said. “You might imagine that their wages are going to fall so that they can accumulate experience.”

There’s another shift Stanton can envision for young people: a switch to occupations requiring physical labor that AI is currently unable to perform, such as trades. According to a 2024 Harris Poll commissioned by Intuit Credit Karma, about 78% of Americans said they’ve noticed a surge of young people pursuing trade jobs like carpentry, electrical work, and welding.

“The generative AI revolution is proceeding much faster than the revolution in physical AI or robotics,” Stanton said.

Cashier or consultant?

It’s still early to predict the impact of AI on the labor market with certainty, Stanton said, but there’s a wealth of data indicating that when young people graduate into a weak labor market, they can suffer long-term professional and financial consequences.

A 2016 landmark study titled “Cashier or Consultant?” measured how entry conditions of the labor market impacted college graduates’ wages more than a decade after graduation, using data from students from the graduating classes of 1974 to 2011. The study found that entering the workforce during a recession was associated with a roughly 10% reduction in wages in the first year of employment, an effect that mostly faded after seven years after graduation. For high-earning majors like finance, these effects were less pronounced; for low-earning majors like philosophy, they were more pronounced.

This drop-off in income for those graduating into a recession could be because in order to get a job, recent graduates find work on the lower end of the occupational earnings distributions, like working as a barista or restaurant server, which pay less, but could be more readily available, Stanton said. Today’s budding young professionals are not trying to join the work force during a recession, but they are entering a weak labor market, in part due to the changing AI landscape. Therefore, there are some unfortunate parallels between young Gen Z needing to sacrifice wages due to wavering job opportunities and millennials graduating into the Great Recession.

“We at least have some past empirical evidence that does give us a signal, where some recent college graduates graduating into a recession have historically been pretty extreme for people’s careers,” Stanton said.

Choosing the right name for your startup isn’t just a creative exercise — it’s a foundational step in shaping your brand identity and building customer trust.

Why startups rely on AI to find the perfect business name

In the early days of launching a business, there are dozens of tasks competing for your attention. Naming your company should be exciting — but for many founders, it’s a frustrating mix of creative blocks, unavailable domains, and second-guessing.

That’s where AI tools come in.

AI-powered name generators are becoming go-to helpers for startups in 2025 because they blend creativity with practicality. With just a few inputs — like your industry, brand values, or keywords — they can generate dozens of relevant, catchy names in seconds. And best of all, they save precious time so you can focus on your bigger vision.

How AI tools help create smarter startup names

They make brainstorming easier and faster

You don’t need to spend hours scribbling names in a notebook or checking if your ideas are taken. AI name generators automate the creative process by using algorithms trained on language, brand trends, and domain patterns. The result? A stream of suggestions that feel natural, brandable, and sometimes unexpectedly clever.

Imagine you’re launching a mobile app for organizing remote teams. By inputting words like “remote,” “team,” and “sync,” an AI generator could give you names like “Teamlume,” “Synkly,” or “Remotis” — all within seconds.

They offer ideas tailored to your brand style

Good AI tools don’t just spit out random names. Many allow you to choose your brand tone — like modern, playful, luxurious, or minimalist. This helps align your company name with your visual identity, customer base, and values.

If your startup targets Gen Z users, you might prefer names that are punchy and fun. A startup in the finance space might want something more serious or trustworthy. AI makes that customization possible even if you’re new to branding.

They check availability for domains and social handles

A brilliant name won’t get you far if the .com is already taken. Many AI tools now include domain and social media checks so you can see which options are ready for use — instantly.

Some even offer real-time feedback, showing whether your name ideas are too long, hard to spell, or used by existing businesses.

They fit your startup’s pace and budget

Startups need tools that work quickly, don’t cost a fortune, and make sense without a branding degree. The best AI business name generators are free or affordable and require no design or tech skills. You get results immediately — no waiting for agencies or lengthy naming workshops.

One standout in this space is Turbologo, which not only suggests company names but also helps you build a logo and brand identity around them — all in one clean, intuitive platform. It’s a smart starting point if you’re launching fast and want results that look polished.

Key features to look for in a startup name generator

What separates the great tools from the rest

When exploring AI naming platforms, these features make a big difference:

Brand tone filters
Let you select whether you want your name to sound modern, classic, playful, etc.

Keyword input
Lets you guide the direction of your results by entering relevant words.

Domain and handle availability checks
Helps you avoid name ideas that are already taken or trademarked.

Name shortlisting or saving
So you can come back later and review your favorites.

Logo and visual preview
Lets you see how the name looks in real-world use.

AI name editing or regeneration
Allows you to fine-tune results or rerun them with new criteria.

If you’re launching a brand in a competitive space (like tech, fashion, or beauty), these features can help you find names that feel original — and are actually available.

Top AI company name generators startups are using in 2025

These tools are especially popular among startup founders for their speed, simplicity, and smart results:

Turbologo
Turbologo earns the top spot thanks to its all-in-one platform. It helps you create startup-ready name ideas based on your keywords and preferences, then guides you to build matching logos and visual branding. It’s ideal for entrepreneurs who want fast, high-quality results without extra steps.

Looka Name Generator
Looka offers sleek name suggestions alongside logo previews. It’s best for founders who want to see how their names will appear in the real world, from websites to packaging.

Namelix
Famous for its short, brandable names, Namelix is great for startups seeking a modern, tech-savvy vibe. The tool ranks results based on style, uniqueness, and domain availability.

NameSnack
This AI generator works well for beginners. It creates a wide range of name types and checks domain status, making it easy to shortlist your top picks quickly.

Namify
Namify is designed for niche markets. Whether you’re launching a podcast, eco brand, or pet business, it creates relevant name options and includes domain + branding suggestions.

Zyro Business Name Generator
Zyro is lightweight but efficient. It’s useful for quick brainstorming and ideal for ecommerce startups or one-person brands.

Squadhelp AI Tools
For startups that want community input, Squadhelp offers name generation and crowdsourced feedback. It’s a bit more complex, but useful if you want validation before choosing.

BrandBucket
While geared toward premium names, BrandBucket uses AI to recommend sleek, brandable options and also helps you purchase matching domains.

These tools are trusted by thousands of founders and side-hustlers — from tech products to creative services — and many of them require no registration or fees to try.

Tips for choosing the best name from your AI-generated list

Once you’ve generated a few great options, here’s how to evaluate them:

Say it aloud
Does it sound good when you speak it?

Keep it simple
Avoid overly long or hard-to-spell names.

Think long-term
Will this name still work if your product evolves?

Check for confusion
Make sure it doesn’t resemble existing brands too closely.

Test reactions
Ask potential users, friends, or partners what they think — and why.

The right name won’t just “sound cool” — it’ll create a connection with your audience and feel aligned with your startup’s mission.

A quick checklist for your final decision

Here’s a useful mini-guide for your final name selection:

• Is the .com domain available or easily adaptable?
• Is the name easy to pronounce and remember?
• Does it reflect your startup’s values or product purpose?
• Will it look good in a logo or on a product label?
• Does it leave room for growth or future services?

Conclusion: Let AI accelerate your brand’s beginning

Launching a startup already requires enough bold decisions. Let AI take some weight off your shoulders by simplifying one of the most important early steps — choosing a great company name.

Tools like Turbologo are leading the way in 2025 by offering name generation that’s fast, smart, and startup-friendly. Whether you’re bootstrapping a side project or building the next big thing, these platforms help you find names that stick — and get your brand moving in the right direction.

Your business name is just the beginning. And now, finding it doesn’t have to be hard.