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The founder of Huawei raises concern in China by foreseeing a painful decade

The founder of Huawei issued a serious warning about the future of this technology giant. Ren Zhengfei told employees that everyone will feel the cold

The founder of Huawei issued a serious warning about the future of this technology giant. Ren Zhengfei told employees that everyone will feel the cold and that if they want to survive the next three years, they should focus on profitability rather than cash flow and development. Chinas economy is under pressure from factors such as pandemic restrictions, the real estate crisis and deteriorating international relations. Some blamed the US, with one commentator saying that Huaweis development came to an abrupt end as a result of Americas insane crackdown. Analyst He looked panicked and his comments come at a politically sensitive moment ahead of the party congress. Read More..

B2B Tech News | 3 years ago        

Nigeria is collaborating with Israeli and Japanese companies in the field of electric motorcycles

A Memorandum of Understanding MoU was signed by the federal government and Israeli and Japanese businesses. The MoU aims to start assembling and produ

A Memorandum of Understanding MoU was signed by the federal government and Israeli and Japanese businesses. The MoU aims to start assembling and producing ecofriendly, green, electric, and intelligent cars by 2023. Michael Freeman, the Israeli ambassador to Nigeria, said the collaboration would help Nigerias transportation sector overcome several obstacles. Israeli and Japanese businesses have partnered with NASENI. The project will oversee the production of electric vehicles made in Nigeria shortly. The executive vice chairman of NASENI assured Nigerians that the automobile industry would never be the same after this collaboration. Read More..

B2B Tech News | 3 years ago        

Robots, artificial intelligence, etc. are not welcome in countries with high income inequality

Mexican company Auronix is the only company in Mexico to be an official messaging partner of Meta, Google, and Apple. Its clients include banks, telec

Mexican company Auronix is the only company in Mexico to be an official messaging partner of Meta, Google, and Apple. Its clients include banks, telecommunications, retail, and logistics companies in Mexico and LatAm. The investment was made through structured credit, a distinctive feature of the firm, Alloy Capital. Alloy Capitals investment was made through structured credit, a distinctive feature of the firm. Read More..

B2B Tech News | 3 years ago        

The North American technology industry saw an 82.81% decrease in AI transactions in July 2022.

In July 2022, the tech industry announced 22 AI deals totaling $264.1 million, compared to a 12month average of 128 deals. Among all deal types, ventu

In July 2022, the tech industry announced 22 AI deals totaling $264.1 million, compared to a 12month average of 128 deals. Among all deal types, venture finance had the most activity in July 2022 with 19 deals, representing an 86.4% share in the region. In second place were two mergers and acquisitions M&A, followed by a private equity transaction. These trades accounted for 9.1% and 4.6% of all AI trading activity for the month, respectively. Venture finance was a leading segment of the North American technology industry with an AI transaction value of $264.14 million. The top five AI technology deals accounted for 63.6% of the total value in July 2022. The combined value of the top five AI technology deals was $168 million, for a total of $264.1 million recorded this month. Read More..

B2B Tech News | 3 years ago        

Tech Startup Awign Raises $15M in Series B Funding

Awign was founded in 2016 by IIT Ropar alumni Annananya Sartak, Gurpreet Singh, and Praveen Kumar Sah. Awign plans to use the latest funding to expand

Awign was founded in 2016 by IIT Ropar alumni Annananya Sartak, Gurpreet Singh, and Praveen Kumar Sah. Awign plans to use the latest funding to expand its digital team and services, improve technology capabilities and strengthen procurement demand and demand. The company also plans to leverage Indias large pool of gig workers to solve problems for organizations across the globe.Awign has announced that it has raised $15 million in a Series B funding round. The fundraising was led by Bertelsmann India Investments and Amicus Capital Partners.Mynavi Corporation invested in the startup along with existing investors Unitus Ventures and the Michael & Susan Dell Foundation. Since 2016, Awign has been serving clients including Infosys. Read More..

B2B Tech News | 3 years ago        

Kia is the leader of the Hungarian electric car market

According to a press conference held by the head of Kia Hungary on Thursday, South Koreanmade Kia led the market for electric vehicles in Hungary in t

According to a press conference held by the head of Kia Hungary on Thursday, South Koreanmade Kia led the market for electric vehicles in Hungary in the first half of the year, selling 321 vehicles for a 12.3% market share. By the end of August, 6,176 new Kias had been sold for the entire year, 8,500 are the companys goals. Nagy cautions that the total number of new passenger car registrations for the following year may only account for 70% of the 115,000 anticipated sales for 2022. According to Norbert Nagy, the percentage of electric vehicles EVs in Kia Hungarys sales is increasing and made up 13% of the total last year. Read More..

B2B Tech News | 3 years ago        

Sensex, Nifty to start higher shares of Dr. Reddys, HDFC Bank, Lupin, IOC, Syrma SGS Technology, and

BSE Sensex and NSE Nifty are set to start higher on Friday following strong cues from Asia and a positive outcome on Wall Street. Investors around the

BSE Sensex and NSE Nifty are set to start higher on Friday following strong cues from Asia and a positive outcome on Wall Street. Investors around the world eagerly awaited guidance on raising interest rates from US Federal Reserve Chairman Jerome Powell at a meeting of central bankers in Jackson Hole. Domestically, SGX Nifty trends show a positive start for domestic equity markets. On the other hand, Maruti Suzuki India, State Bank of India, Dr. Reddys Laboratories, Kotak Mahindra Bank and Titan Corporation posted strong earnings. With Adani Group likely to make an open offer for Indian listed company Holcim, the focus will be on shares of the cement major. Read More..

B2B Tech News | 3 years ago        

Platform for asset tokenization Koibanx raises $22 million in a financing round

Argentinabased asset tokenization platform Koibanx has raised $22 million in its first investment round. Fintech allows financial institutions to toke

Argentinabased asset tokenization platform Koibanx has raised $22 million in its first investment round. Fintech allows financial institutions to tokenize assets, bring them to the blockchain, defragment them, use them as a means of payment and exchange them with each other and cryptocurrencies. Koibanx was founded 7 years ago and is located in Mexico, Colombia, El Salvador, Argentina, and Uruguay. The company has already built partnerships with over 10 banks, 15 financial institutions, and 4 governments. For example, Koibanx is helping the Nigerian government implement a wallet through a massive tokenization program that could become one of the largest crypto projects in the world. Read More..

B2B Tech News | 3 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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