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AI annotator Appen steps down from longtime CEO

Appen ASX APX, an artificial intelligence data sourcer and organiser, has announced a new direction following the surprise resignation of longtime CEO

Appen ASX APX, an artificial intelligence data sourcer and organiser, has announced a new direction following the surprise resignation of longtime CEO Mark Brayan. Appens stock plummeted from highs of more than $40 in 2020 to a fiveyear low of $2.38 last month. Appens annualised revenue has increased by 40% since 2016, with sales in China increasing by 422% in FY21. Brayan oversaw a revenue increase from over US$60 million $87.86 million in 2015 to more than US$447 million $654.5 million last fiscal year. Sean Carithers, a Silicon Valley transformation specialist, was revealed as Sharkeys replacement in November, at the same time Mini Peiris joined the board. Read More..

B2B Tech News | 10 months ago        

SG Website Builder Raises $9M in Series A Funding

Plugo, a Singaporebased website development platform, has raised $9 million in a series A round of funding. Altos Ventures led the fundraising round,

Plugo, a Singaporebased website development platform, has raised $9 million in a series A round of funding. Altos Ventures led the fundraising round, with BonAngels Venture Partners and Access Ventures also participating. Plugo, which was founded earlier this year, allows Indonesian sellers to create their own online stores by integrating payment, logistics, and marketing services. The platform is currently in closed beta and will be available to the general public early next year. It intends to use the new funds for product development and recruiting. KyungMin Bang launched the company after cofounding CodeBrick, a South Korean corporation that ran a comparable service in Indonesia called TokoTalk. Read More..

B2B Tech News | 10 months ago        

Giskard raises €1.5M to help keep quality in AI industry

Giskard is a Parisbased software company that specialises in artificial intelligence quality. Over 2,000 accidents involving Artificial Intelligence A

Giskard is a Parisbased software company that specialises in artificial intelligence quality. Over 2,000 accidents involving Artificial Intelligence AI models have been recorded on the AI Incident Database since 2019. Elaia led Giskards €1.5 million round, which also included Bessemer Venture Partners and wellknown angels. The companys AI Inspect software aids in the visualisation and explanation of AI models in order to detect flaws and biases, making the AI development process more efficient. Giskards AI Test solution enables the creation of automated tests on AI models in order to assess essential quality criteria such as ethics, robustness, and efficiency. Read More..

B2B Tech News | 10 months ago        

US, Benin and Niger Sign His $504M Regional Investment

The US, Benin, and Niger governments signed the $504 million BeninNiger Regional Transport Compact today. The agreement was signed by Secretary of Sta

The US, Benin, and Niger governments signed the $504 million BeninNiger Regional Transport Compact today. The agreement was signed by Secretary of State Antony Blinken, Benins President Patrice Talon, and Nigers President Mohamed Bazoum. The agreement is an important step toward advancing twoway trade between the United States and West Africa. The BeninNiger Regional Transport Compact aims to cut transportation costs in the corridor connecting Benins Port of Cotonou and Niamey, Nigers capital city. MCC will put $202 million into Benin and $302 million into Niger. A total of 1.2 million people are expected to benefit from the regional investment. Read More..

B2B Tech News | 10 months ago        

Indonesian D2C beauty brand goes international

While it is best recognised as an ecommerce company, it has also pursued an offline approach, opening multiple storefronts in Indonesian cities. Socio

While it is best recognised as an ecommerce company, it has also pursued an offline approach, opening multiple storefronts in Indonesian cities. Sociolla has since used the similar strategy in Vietnam, its first international market. More than that, it has brought with it a couple of Indonesian beauty brands. However, having a retail partner is not the only way to expand internationally. Meanwhile, in this weeks Hot Take, I look at the expansion of Blibli subsidiary Tiket.com into Malaysia. Read More..

B2B Tech News | 10 months ago        

Tyro Board Rejects Potentia Capitals Revised $875M Takeover Offer, Westpac Stops Talking

Potentia Capitals revised $875 million buyout bid was rejected by Tyro Payments. The group, which consists of The Construction and Building Unions Sup

Potentia Capitals revised $875 million buyout bid was rejected by Tyro Payments. The group, which consists of The Construction and Building Unions Superannuation Fund, MLC Investment, and HarbourVest Partners, raised its offer to $1.60 per share. Major stakeholder Grok Ventures, the private investment company run by Atlassian cofounder Mike CannonBrookes and his wife Annie, supported an original $660 million plan in September. According to Tyro ASX TYR, shareholders will be given the choice of receiving their compensation in the form of cash or shares. The agreement will remain in effect through 7 March 2023, with a possible extension to 7 June 2023. Read More..

B2B Tech News | 10 months ago        

Microsoft acquires 4% of London Stock Exchange Group as part of a 10year cloud partnership

A 10year, $2.8 billion cloud computing relationship between Microsoft and the London Stock Exchange Group LSEG will see Microsoft purchase a 4% intere

A 10year, $2.8 billion cloud computing relationship between Microsoft and the London Stock Exchange Group LSEG will see Microsoft purchase a 4% interest in the latter. A Blackstone/Thomson Reuters combination sold the LSEG last year for $27 billion. Microsoft will codevelop a new portfolio of products for financial institutions using its strengths in machine learning and data analytics. This might enable them to compete with companies like Bloomberg for finance and investing professionals. Read More..

B2B Tech News | 10 months ago        

Motorcycle sales are growing fastest in 11 years after job cuts due to Covid

According to fresh data from the Kenya National Bureau of Statistics, Kenyans imported 342,197 motorcycles as opposed to 232,937 in 2020. KNBS. The nu

According to fresh data from the Kenya National Bureau of Statistics, Kenyans imported 342,197 motorcycles as opposed to 232,937 in 2020. KNBS. The number of imported motorcycles increased at its fastest rate since 2011. The increase happened a year after over 1.7 million Kenyans lost their jobs as a result of the introduction of containment measures intended to stop the Covid19 outbreak. From 38,870 motorbikes imported into Kenya in 2008 to 198,018 in 2009, there was a 217% increase. The number of new shipments entering the nation increased to 122,160 in 2011, which was a record high since KNBS began tracking these statistics in 2007. The number decreased by just over 50% after the introduction of different levies, such as excise duty and the 16% valueadded tax VAT. Read More..

B2B Tech News | 10 months 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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