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Yellow Class Rebrands as SpeakX, Aiming to Empower Global English Fluency

Yellow Class undergoes a substantial rebranding, emerging as SpeakX with a focus on empowering children in English fluency. The transformation aims to

Yellow Class undergoes a substantial rebranding, emerging as SpeakX with a focus on empowering children in English fluency. The transformation aims to reach 200 million children globally, prioritizing accessible English learning. SpeakX emphasizes enjoyable and efficient learning to address the crucial need for English proficiency in a competitive job market and global citizenship. Arpit Mittal, SpeakXs founder, envisions breaking language barriers and fostering confidence in childrens English conversation. The platform employs speech technology and Large Language Models LLM for a personalized AI tutor, offering adaptive learning, engaging content, and affordable monthly subscriptions at Rs 200 per student. SpeakX sets itself apart in the EdTech sector with a threelayered AI system centered on speech, learning objectives, and tailored content. Read More..

B2B Tech News | 1 years ago        

Analysis Reveals 15% Central Grant Loss for States in 15th FCs Four Years

As the Centre prepares for the 16th Finance Commission FC, an analysis reveals that states experienced a Rs 1.3 trillion or 15% loss in Central govern

As the Centre prepares for the 16th Finance Commission FC, an analysis reveals that states experienced a Rs 1.3 trillion or 15% loss in Central government grants during the initial four years of the 15th FCs sixyear award period. This deficit stemmed largely from states failure to meet eligibility conditions for incentives, with urban and rural local bodies contributing significantly to underutilization. Grants encompass five categories addressing revenue deficits, local governments, disaster management, and specific sectors, with the bulk allocated for local bodies, reflecting the Centers emphasis on local infrastructure. However, sluggish reforms in these bodies led to decreased funds utilization, with only 79% utilization compared to previous FC periods, affecting service delivery and infrastructure development. Read More..

B2B Tech News | 1 years ago        

Japan Grapples with 2.3% B2B Inflation Labor Costs a Driving Force

Japan observed a 2.3% increase in businesstobusiness service inflation in October, driven by heightened labor expenses, as per Bank of Japan data. Sec

Japan observed a 2.3% increase in businesstobusiness service inflation in October, driven by heightened labor expenses, as per Bank of Japan data. Sectors such as information, communication, machinery repair, and worker dispatching saw fee hikes due to rising labor costs. Notably, hotel fees surged by 49.9% owing to increased inbound tourism. This inflation trend signifies advancements toward sustained price hikes and robust wage growth. BOJ Governor Kazuo Ueda stresses the necessity of demanddriven price increases linked to higher wages for normalizing ultraloose monetary policy. With inflation surpassing the 2% target, companies face pressure to raise wages to attract and retain talent. Economists foresee potential policy shifts amidst ongoing labor and cost pressures. Read More..

B2B Tech News | 1 years ago        

AIM Research Recognizes USEReady as Top Generative AI Service Provider

USEReady, a data analytics solutions provider, earns recognition as a "Leader" in AIM Researchs PeMA Quadrant 2023 for Top Generative AI Service Provi

USEReady, a data analytics solutions provider, earns recognition as a "Leader" in AIM Researchs PeMA Quadrant 2023 for Top Generative AI Service Providers. This accolade underscores their innovation, technical prowess, and dedication to delivering practical AI solutions. Highlighted is USEReadys strength in converting proof of concepts POCs into enduring partnerships, showcasing their capacity to scale initial engagements to meet client needs effectively. Their diverse industry involvements demonstrate adeptness in applying generative AI across various sectors. Uday Hegde, Cofounder & CEO, expresses gratitude for this acknowledgment, emphasizing their commitment to fostering an Intelligent Enterprise through trusted and responsible AI. Following investment from Abry Partners, USEReady expands with proprietary solutions, enhancing analytics landscapes for interested clientele. Read More..

B2B Tech News | 1 years ago        

Rakuten Mobile Faces Financial Challenges 13 Consecutive Quarters of Operating Losses

The Japanese company Rakuten Group has encountered difficulties with its mobile divisions planned April 2020 debut of Rakuten Mobile. With 5.2 million

The Japanese company Rakuten Group has encountered difficulties with its mobile divisions planned April 2020 debut of Rakuten Mobile. With 5.2 million users, the mobile division accounts for around 2.5% of Japans telecom industry and generates ¥351 billion $2.4 billion annually. But the mobile division has reported operational losses for 13 straight quarters, totalling group losses of ¥819 billion $5.5 billion. Over ¥1.5 trillion is owed by Rakuten Group, with ¥800 billion coming due by the end of 2025. Rakuten undertook several fundraising initiatives, such as selling additional shares, selling company holdings, and holding public offerings, to alleviate its financial difficulties. Read More..

B2B Tech News | 1 years ago        

Apple Plans Exit from Goldman Sachs Partnership Credit Card Deal to Conclude

According to reports, Apple and Goldman Sachs Group are splitting apart their credit card business, with the tech giant hoping to agree over the next

According to reports, Apple and Goldman Sachs Group are splitting apart their credit card business, with the tech giant hoping to agree over the next 12 to 15 months. The collaboration was started in 2019 when Apple and Goldman introduced a virtual credit card. The consumer partnership, including the savings account that launches in 2023, would be terminated. Goldman Sachs declined to comment despite Apple declaring that it is focused on providing customers with an extraordinary experience. Since its inception, Apple Card, which was developed in partnership with Goldman Sachs, has received favourable feedback. Apple just joined the "buy now, pay later" market in the United States. Read More..

B2B Tech News | 1 years ago        

Dutch Government Greenlights Nexperias Acquisition of Nowi

The purchase of Nowi, a startup company located in Delft that specialises in power management chips, by Chineseowned Nexperia will not be prevented by

The purchase of Nowi, a startup company located in Delft that specialises in power management chips, by Chineseowned Nexperia will not be prevented by the Dutch government. The Netherlands government retrospectively reviewed the Nexperia acquisition of Nowi in 2022 and found no legal issues. Nexperia is owned by Wingtech, a company based in China. With the help of Nowis technology, power management chips may be able to use vibrations or light as an ambient power source instead of batteries. The Dutch government conducted a detailed study before deciding not to prohibit the transaction. Read More..

B2B Tech News | 1 years ago        

EU Antitrust Concerns Amazon Faces Scrutiny Over $1.4 Billion iRobot Deal

Concerned that Amazons $1.4 billion acquisition of robot vacuum manufacturer iRobot may result in competing robot cleaners being excluded from Amazons

Concerned that Amazons $1.4 billion acquisition of robot vacuum manufacturer iRobot may result in competing robot cleaners being excluded from Amazons online marketplace, EU antitrust officials have voiced their worries. The European Commission expressed its concerns about the possible effects on competition in the robot vacuum cleaner market in France, Germany, Italy, and Spain in a statement of objections that it addressed to Amazon. In response, Amazon stated that it is collaborating with the Commission to resolve its issues. The Commission has until February 14 to make a ruling on the subject. Read More..

B2B Tech News | 1 years ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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