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GLOBAL NEWS

The Volkswagen Group expands its operations in North America.

The Volkswagen Group and its battery subsidiary PowerCo have chosen St. Thomas, Ontario, Canada, as the location for Volkswagens first overseas gigafa

The Volkswagen Group and its battery subsidiary PowerCo have chosen St. Thomas, Ontario, Canada, as the location for Volkswagens first overseas gigafactory for cell manufacturing, which will produce sustainable unified cells. Oliver Blume, CEO of Volkswagen Group, and Thomas Schmall, Volkswagen AG Board Member for Technology and Chairman of the Supervisory Board of PowerCo SE, are committed to growing the battery business and creating green economy jobs. Canada provides ideal conditions, such as a local supply of raw materials and access to clean energy. Arno Antlitz, CFO & COO of Volkswagen Group, is driving the introduction of North Americas broadest portfolio of fullelectric vehicles. Read More..

B2B Tech News | 14 hours ago      

The United Kingdom joins other nations in outlawing TikTok on government devices.

Following a security review ordered by ministers, the United Kingdom has become the latest jurisdiction to prohibit the social video app TikTok from g

Following a security review ordered by ministers, the United Kingdom has become the latest jurisdiction to prohibit the social video app TikTok from government devices. TikTok has become a massively popular social network, with over 1 billion users, and has surpassed YouTube as the most popular social video app among teenagers. Employees can continue to use TikTok on personal devices, and the government will consider exemptions for work devices on a casebycase basis. TikTok requests permission from device owners to access data from the device, including contacts, content, and location data. Read More..

B2B Tech News | 14 hours ago      

Although the worst of Silicon Valley Banks collapse is over, Latin American startups still face obstacles.

The sixteenthlargest bank in the US had to be shut down by US authorities in early March because its investment strategy had failed. Funding for finan

The sixteenthlargest bank in the US had to be shut down by US authorities in early March because its investment strategy had failed. Funding for financial technology fintech companies with headquarters in Latin America and the Caribbean decreased 71%, from a peak of $13.9 billion in 2021 to $4 billion in 2022, according to CB Insight. The third major blow came with the SVB collapse since the bank caters to tech firms. The CEO of the technological business Torre, which receives investment from SpaceX and Apple, Alexander Torrenegra, agrees. He had resources from multiple SVB enterprises, a mortgage, and his own savings. I know friends whose parents lost everything in bank runs in South America, Torrenegra wrote in a tweet. Read More..

B2B Tech News | 14 hours ago      

Citymapper, a trip planning app, has been purchased by Via to improve its transit technology.

Last month, transportation startup Via announced the acquisition of Citymapper, a popular urban mapping app with 50 million users worldwide, for $110

Last month, transportation startup Via announced the acquisition of Citymapper, a popular urban mapping app with 50 million users worldwide, for $110 million at a $3.5 billion valuation. The financial terms of the transaction have not been disclosed, but sources close to the deal tell TechCrunch that Citymapper investors are not making their money back and that the transaction is effectively a washout. Balderton, Index Ventures, Benchmark, DST, and a number of highprofile individuals contributed to the startups funding, which totaled $52 million. Citymapper currently covers 108 cities, mostly in the United Kingdom and Europe, but also in North America, Asia, and other parts of the world. The plan is to incorporate Citymappers product and data into the Via platform while also keeping it operational. Read More..

B2B Tech News | 14 hours ago      

Nigeria opens a $672 million technology fund to help its startups recover from the US bank collapse.

Nigeria has established a $672 million fund to support its tech startups, with the goal of reducing reliance on startup funding from the United States

Nigeria has established a $672 million fund to support its tech startups, with the goal of reducing reliance on startup funding from the United States. The fund is intended to assist young entrepreneurs aged 15 to 35 who have had difficulty raising capital in the creative and technology sectors. However, the initiative has a flaw because the governmental fund would require collateral, which many startups do not have. The failure of SVB, Silvergate, and Signature banks in the United States has had a significant impact on the industry, with Y Combinator recently stating that onethird of its communitys startups used SVB as their sole bank account. Read More..

B2B Tech News | 14 hours ago      

Barracuda reveals three brandnew January phishing techniques.

Cybercriminals are constantly improving their phishing attacks, introducing new techniques and tactics to deceive victims, circumvent security measure

Cybercriminals are constantly improving their phishing attacks, introducing new techniques and tactics to deceive victims, circumvent security measures, and avoid detection. A new Barracuda Networks Threat Spotlight reveals three novel tactics discovered in phishing attacks in January 2023. The first involves embedding a fake but authenticlooking website in an email and using Google Translate web links to prevent Google from translating the webpage. The third method involves changing the malicious payload during email delivery, making it even more difficult to detect. Read More..

B2B Tech News | 14 hours ago      

Sam Schauland is made EVP North America by Lawo.

As part of a bigger initiative by Lawo to increase its presence and customer service in North America, Sam Schauland has been elevated to executive vi

As part of a bigger initiative by Lawo to increase its presence and customer service in North America, Sam Schauland has been elevated to executive vice president North America, where he will be responsible for Lawos business operations in the region. In 2015, Schauland began working with Lawo as a technical manager. In 2017, he was named technical manager for the Americas. In 2019, he was elevated to senior vice president of global operations, where he is in charge of Lawos international team of project managers and engineers, streamlines operations, and spearheads strategic projects. He will answer to Jamie Dunn, Lawos CCO. Read More..

B2B Tech News | 14 hours ago      

With AI of the next generation, Microsoft 365 Copilot launched.

With the introduction of Microsoft 365 Copilot, which aims to make Office 365 and related applications smarter, easier to use, and, well, intelligent,

With the introduction of Microsoft 365 Copilot, which aims to make Office 365 and related applications smarter, easier to use, and, well, intelligent, Microsoft has upped the ante in response to the buzz surrounding ChatGPT. Ask your computer anything using 365 Copilot, and it will take care of everything. Microsoft CEO Satya Nadella hailed the release of Copilot 365 as the next generation of AI and the beginning of a new era in computing. Microsoft gave a brief behindthescenes look, noting that Copilot is more than just a way for ChatGPT and Microsoft 365 to communicate Redmond, of course, has invested almost $10 billion in ChatGPT. The phrase creative engine capable of processing and producing human readable content appears in the final sentence. Read More..

B2B Tech News | 14 hours ago