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GLOBAL NEWS

The deadline for the Microsoft and Activision agreement has been extended by EU regulators until April 25.

According to a European Commission document, the deadline for the EU antitrust authorities to make a verdict on Microsofts $69 billion acquisition of

According to a European Commission document, the deadline for the EU antitrust authorities to make a verdict on Microsofts $69 billion acquisition of Activision has been extended to April 25. In order to compete more effectively with market leaders Tencent and Sony, Microsoft announced the Activision Blizzard merger in January of last year. The proposed MicrosoftActivision merger has drawn criticism from regulators and rivals because it may affect gamers by reducing competition between Xbox and PlayStation, increase pricing for millions of players, limit their options and innovation, and impede the growth of cloud gaming. By providing new avenues for customers to access games under Microsofts control, an agreement with Nvidia might ease those worries. Read More..

B2B Tech News | 19 days ago      

RBA will test the blockchainbased digital currency.

Using blockchain technology, the Reserve Bank of Australia will try a digital dollar, according to Sophie Gilder, Managing Director of CBAs Blockchain

Using blockchain technology, the Reserve Bank of Australia will try a digital dollar, according to Sophie Gilder, Managing Director of CBAs Blockchain and Digital Assets division. It will be fundamentally different from previous unregulated coins since they would have oversight over the entire pilot and maintain control over the money supply, she told Sky News Business Editor Ross Greenwood. Read More..

B2B Tech News | 19 days ago      

Africas regulators are gathering to look into the market behavior of Big Tech, so they are on notice.

Big internet companies like Google and Meta will be on guard as a number of competition watchdogs in Africa prepare to jointly investigate the busines

Big internet companies like Google and Meta will be on guard as a number of competition watchdogs in Africa prepare to jointly investigate the business practises of international digital companies. In response to worries about competition and consumer welfare in Africa, regulators from Kenya, Egypt, Mauritius, Nigeria, South Africa, Morocco, Gambia, and Zambia decided to form a working group last month. The group will concentrate on app stores, digital advertising, fintech, aggregator services, matchmaking services, and ecommerce. Nonetheless, each member state will enforce the agreement on its own, in accordance with its own laws. Read More..

B2B Tech News | 19 days ago      

Meta has announced plans to integrate an AIpowered chatbot into Instagram and WhatsApp.

A new toplevel product group for generative AI is being established by Meta, and it will be responsible for producing AI personalities that can benefi

A new toplevel product group for generative AI is being established by Meta, and it will be responsible for producing AI personalities that can benefit people in a variety of ways. The messaging apps WhatsApp and Messenger as well as the photo app Instagram will all feature these personalities. Additionally, Meta is making significant investments in the Metaverse, a 3Denabled virtual environment that combines augmented reality, virtual reality, and other cuttingedge technologies to produce an immersive, interactive world. Before the firm can create the truly futuristic experiences, Zuckerberg acknowledges that there is a lot of underlying work to be done. Later, there will be proper AI chatbots that you can interact with and ask questions to. Read More..

B2B Tech News | 19 days ago      

Reinvesting in its portfolio companies in Latin America will help SoftBank raise money for M&A.

Up from 10% in recent years, SoftBank Group Corp. intends to concentrate its investments in Latin America on firms that currently belong to its portfo

Up from 10% in recent years, SoftBank Group Corp. intends to concentrate its investments in Latin America on firms that currently belong to its portfolio. The reinvestments, according to SoftBanks CEO of Brazil Alex Szapiro, would assist pay for mergers and acquisitions and alleviate urgent cash requirements. With a present fair value of $6.4 billion, the business has invested $7.6 billion on the area. Szapiro joined SoftBank in 2021 after founding many internet startups in the late 1990s. Read More..

B2B Tech News | 19 days ago      

Revolut reports first full year of profit.

The business first achieved profitability as a result of its rapid growth trajectory. Revolut has a complete banking licence in Lithuania, but has not

The business first achieved profitability as a result of its rapid growth trajectory. Revolut has a complete banking licence in Lithuania, but has not yet done so in the United Kingdom, where it is based. The gross margin also increased between 2020 and 2021, going from 33% to 70%. We welcomed millions of new customers after receiving a full banking licence from the European Central Bank in 2021. Because of this, in the middle of 2021, the business was able to raise $800 million at a $33 billion valuation. Cryptocurrency trading and other fees are the main sources of revenue for Revolut. Read More..

B2B Tech News | 19 days ago      

How to connect with South Africas true tech decisionmakers.

TechCentral is South Africas leading business technology news website, and its readers are directly responsible for or involved in technology purchasi

TechCentral is South Africas leading business technology news website, and its readers are directly responsible for or involved in technology purchasing decisions at their companies. Furthermore, more than a third 36.1% of our readers work in organisations with more than 1,000 employees, making them an important target market for ICT vendors and solution providers. If you want to reach business leaders and IT decision makers in South Africa without diluting your message with a consumer audience, TechCentral should be your first port of call. Natalie Kock can help with rate cards and explain the various ways your company can collaborate with TechCentral to maximise marketing exposure and business growth. Read More..

B2B Tech News | 19 days ago      

The $350 billion trade finance gap in Latin America is the focus of Fintech Marco.

A $200 million credit line has been granted to Marco Financial, a company that offers loans and other services to exporters in Latin America, to help

A $200 million credit line has been granted to Marco Financial, a company that offers loans and other services to exporters in Latin America, to help it expand its tradefinance business. A former importer of Uruguayan cattle and a former sales executive at computer firms founded Marco, which has funded deals totaling more than $250 million over the last two years. The quick expansion of the business, according to Peter Spradling, chief operating officer of Marco, highlights the extent of the unmet need from exporters, especially small businesses, for funding. By the end of the year, Marco wants to close deals totaling $750 million. Read More..

B2B Tech News | 20 days ago