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Antarctica Capital has announced a majority stake in Descartes Labs

The acquisition complements Antarcticas existing portfolio of companies spanning New Space, Data Analytics as well as Digital Infrastructure. Descarte

The acquisition complements Antarcticas existing portfolio of companies spanning New Space, Data Analytics as well as Digital Infrastructure. Descartes Labs performs scientific analysis of geospatial, remote sensing, and diverse complementary data sets to enable sustainable sourcing best practices, commodity price forecasting, and efficient mineral exploration for leading CPG, Agriculture, and Mining companies. The companys SaaS platform enables planetaryscale analysis through artificial intelligence and machine learning. Descartes Labs was founded on the belief that planetary science has the power to fundamentally change the way corporations, governments and nonprofits understand their relationship to the physical systems of the universe. Antarctica Capital is an international private equity firm headquarter located in New York. The firm has an absolute return focus, which leads it to rigorously evaluate and build conviction around idiosyncratic investment opportunities. Read More..

B2B Tech News | 2 years ago        

The Nasdaq climbed more than 20% from recent lows as U.S. inflation eased

US consumer prices rose 8.5% in July from a year earlier, slower than June and below economists forecast of 8.7%. The bluechip S&P 500 rose 2.1 percen

US consumer prices rose 8.5% in July from a year earlier, slower than June and below economists forecast of 8.7%. The bluechip S&P 500 rose 2.1 percent above the 4,200 mark for the first time since early May. The benchmark is 14.8% higher than the 2022 low, but total US reserves have fallen by $8.6 trillion since the start of the year. The VIX, which measures expected stock market volatility, fell below its longterm average of 20 for the first time since April. Asian stocks were mostly higher on Wall Street on Thursday, with Hong Kongs Hang Seng index gaining about 1 percent and Chinas CSI 300 up 0.5 percent. Notably, the twoyear Treasury note, which is sensitive to changes in the Feds interest rate policy, also rose after inflation. Read More..

B2B Tech News | 2 years ago        

Kenya is building a pipeline of tech talent from elementary school to higher education

Kenya is launching several initiatives that seem geared towards futureproofing its teeming young population. These include plans to train youths of di

Kenya is launching several initiatives that seem geared towards futureproofing its teeming young population. These include plans to train youths of different age groups and flagship projects that aim to aid this process. The digital talent program focuses on to train 1000 in its first year in critical skills like coding, UI/UX, AI/Machine Learning, IoT, Big Data and Analytics, Cybersecurity, Fintech, and Cloud Computing. And the country plans to launch 20,000 village digital hubs across the country for citizen digital training. As of 2020, 1 out of every 5 Kenyans were adolescents between the ages of 10 – 19, according to census data. As of 2014, Kenya had a 15% graduate unemployment rate and by 2020, that number doubled to 32.4%. This situation is not peculiar to Kenya, as countries like Nigeria as well as Ghana deal with similar problems. Read More..

B2B Tech News | 2 years ago        

SG and Korean universities will receive $20 million from Kakaos Klaytn for blockchain research

Klaytn has committed more than US$20 million to support development and funding at the Korea Advanced Institute of Science and Technology KAIST and th

Klaytn has committed more than US$20 million to support development and funding at the Korea Advanced Institute of Science and Technology KAIST and the National University of Singapore. Named the Blockchain Research Center Program BRC, the initiative will be one of the largest blockchain research efforts worldwide by funding grants.BRC is the second academic funding program launched by a blockchain protocol this month, following the Algorand Foundations Algorand Centres of Excellence Program. Read More..

B2B Tech News | 2 years ago        

Talgo signed a €280 million train contract in Egypt

Spanish highspeed train manufacturer Talgo Egypt has signed a €280 million contract to supply new trains from stateowned Egyptian National Railways

Spanish highspeed train manufacturer Talgo Egypt has signed a €280 million contract to supply new trains from stateowned Egyptian National Railways ENR. Under the contract, Talgo will produce seven passenger trains for the stateowned Egyptian Night Railway Company. The company will build new rail units at its plants in Alaba and Madrid, and delivery will begin in 2024. The contract also includes 15 years of service for the train. Trains belonging to the intercity transport platform are suitable for longdistance journeys and contribute to the reduction of domestic CO2 emissions.The company won contracts for these trains in countries such as Germany and Denmark. Read More..

B2B Tech News | 2 years ago        

SoftBank is planning to increase its share in Alibaba to 14.6% and earn $34 billion

The founder of SoftBank Group, Masayoshi Son, is selling his stake in the Chinese ecommerce giant Alibaba to raise cash for his Vision Fund investment

The founder of SoftBank Group, Masayoshi Son, is selling his stake in the Chinese ecommerce giant Alibaba to raise cash for his Vision Fund investment fund. The group estimated pretax profit from the sale at about 4.6 trillion yen $34 billion. In February, an analyst noted that SoftBank would need $40 billion45 billion of cash this year to sustain its startup investment pace and buy back shares. SoftBank reported a record loss of about 3.2 trillion yen $24.5 billion. As my colleague Alex pointed out in the review, the company made money betting on a troubled company like Didi. The Chinese ridehailing company has lost tens of billions of dollars in market value since its IPO in July. Alibabas share price is down 70% from its October 2020 peak of $307 per share. Read More..

B2B Tech News | 2 years ago        

Brazil wants to sell US Javelin and CLU missiles

The US Defense Security Cooperation Agency DSCA has informed Congress that there is potential for foreign sales of missiles and related equipment to B

The US Defense Security Cooperation Agency DSCA has informed Congress that there is potential for foreign sales of missiles and related equipment to Brazil. The sale is also approved by the US State Department. His estimated net worth is around $74 million. As part of this sale, the Brazilian government requested the purchase of 222 FGM148 Javelin antitank missiles and 33 Javelin Command Launch Units CLU. The prime contractor for this proposed sale is the Javelin Joint Venture JJV between Lockheed Martin and Raytheon. The US State Department recently approved a potential $300 million FMS for Air Commands Javelin launcher for the UK. Read More..

B2B Tech News | 2 years ago        

Lack of diesel fuel in winter in Europe

Northwest Europe is expected to start the winter with low levels of diesel powering much of its economy. Russia is the largest supplier of diesel and

Northwest Europe is expected to start the winter with low levels of diesel powering much of its economy. Russia is the largest supplier of diesel and related fuels in Europe. The supply of fuel to independent storage in the AmsterdamRotterdamAntwerp region is the lowest since 2008. Europe is short of diesel, and Russia is the largest thirdparty supplier in Europe. John Cooper, CEO of Fuels Europe, a division of the European Refinery Association, said there was a clear link between diesel and GDP because everything that goes in and out of a factory requires diesel. Read More..

B2B Tech News | 2 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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