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GLOBAL NEWS

Internet Service Provider GigaComm Raises Further $20 Million To Support Rapid Expansion.

An additional $20 million investment round for GigaComm, an Australian ISP and telecom infrastructure provider, has been completed to assist the rapid

An additional $20 million investment round for GigaComm, an Australian ISP and telecom infrastructure provider, has been completed to assist the rapid expansion of its network. With upcoming launches in Brisbane and Canberra, the company intends to use the cash to address the scope of opportunity in NSW and Victoria. It will have increased network coverage to more than 300,000 premises in more than 100 suburbs in Sydney and Melbourne by the end of 2022. In addition to commercial plans with 1 Gbps of symmetric bandwidth, GigaComm offers wired and fixedwireless connections with download speeds between 200 megabits and 1 gigabit per second. Also, it provides G.Fast, the most recent development in copperbased broadband technology. Read More..

B2B Tech News | 7 months ago      

Beginning in April, Japans central bank will test out digital money.

The Bank of Japan BoJ announced in April that it would launch a pilot programme to test a digital yen, joining a growing list of countries investigati

The Bank of Japan BoJ announced in April that it would launch a pilot programme to test a digital yen, joining a growing list of countries investigating the possibility of adopting a digital currency. According to the Central Bank, transactions between retailers and consumers are currently not taking place only simulated transactions will take place during the pilot stage. Japan will host a CBDC forum and invite private companies involved in retail payments or related technologies to participate in the discussion, according to Uchida. According to an Atlantic Council report, 114 countries are actively considering implementing a CBDC as of December last year, up from 35 countries in May 2020. According to reports, Japan will issue its CBDC in 2026. Read More..

B2B Tech News | 7 months ago      

To become the most downloaded app in the US, a new online superstore beats out Amazon and Walmart.

With a commercial urging customers to buy like a billionaire, Temu, a Bostonbased online retailer that is owned by Chinese social commerce giant Pindu

With a commercial urging customers to buy like a billionaire, Temu, a Bostonbased online retailer that is owned by Chinese social commerce giant Pinduoduo, made its Super Bowl debut on Sunday. The 30second commercial provides users the chance to feel like they are splurging by making multiple inexpensive purchases. Temus extremely low costs have prompted comparisons to Chinese fast fashion startup Shein, which likewise provides a vast assortment of affordable clothing and household goods. Temu, which is pronounced teemoo, was introduced by PDD, the parent business, last year. With the help of its parent companys large and deep network, it provides a variety of highquality, reasonably priced products. Read More..

B2B Tech News | 7 months ago      

The year 2023 is here, which means oversized seed rounds, neobanks, and spicy MandA.

A podcast called Equity delves at the facts and subtleties hidden in the headlines of the startup industry. This week, Rebecca Szkutak, Mary Ann Azeve

A podcast called Equity delves at the facts and subtleties hidden in the headlines of the startup industry. This week, Rebecca Szkutak, Mary Ann Azevedo, and Natasha Mascarenhas talked about focaccia, startups, and personal peeves. Buy now, pay later BNPL and tech layoffs were other topics of conversation. Finally, they talked about how the European tech scene is more organised than the American one. Apple Podcasts, Overcast, Spotify, and all other podcast platforms offer Equity. Another excellent cryptorelated show is on TechCrunch. Read More..

B2B Tech News | 7 months ago      

Australias stock market barely advances as financials surge.

On February 20, 2023, the Australian stock market ended modestly higher thanks to increases in the banking sector that offset declines in the real est

On February 20, 2023, the Australian stock market ended modestly higher thanks to increases in the banking sector that offset declines in the real estate, energy, and technology sectors. The larger All Ordinaries index increased 0.3 point to 7,552.49. The benchmark S&P/ASX200 index increased 4.76 points, or 0.06%, to 7,351.52. Big banks CBA, NAB, ANZ, and Westpac led increases in the financials sector, which had the best performance overall. The lithium miner Pilbara Mines share price fell by 5.41% as the energy sector experienced a decline. The Australian dollar was up 0.3% from the previous trading day, standing at 0.6901 against the US dollar. Read More..

B2B Tech News | 7 months ago      

Investing fraud is a charge brought by the SEC against Terraform Labs and its founder Do Kwon.

The defunct stablecoin operator Terraform Labs and its founder Do Kwon have been accused of scamming American investors who bought the digital assets

The defunct stablecoin operator Terraform Labs and its founder Do Kwon have been accused of scamming American investors who bought the digital assets Terra USD and Luna by the U.S. Securities and Exchange Commission. Without disclosing the thirdparty intervention to resuscitate the UST pricing, Kwon and his company presented the restored peg as a success of decentralisation and the automatically selfhealing UST/Luna algorithm, the agency claimed. … Serbia, which has come to be thought of as a possible location for Kwon to be staying, was visited by South Korean prosecutors earlier this month. After Interpol issued a red alert for Kwon in September, his whereabouts are still unknown. Read More..

B2B Tech News | 7 months ago      

With the Tesla Semi, Elon Musk made many promises. Now that its here, lets see how it measures up.

With 15 vehicles in Modesto and 21 in Sacramento, PepsiCo is the first customer to receive 100 Tesla Semi electric trucks. In addition to employing th

With 15 vehicles in Modesto and 21 in Sacramento, PepsiCo is the first customer to receive 100 Tesla Semi electric trucks. In addition to employing the trucks to transport Pepsi out of its Sacramento warehouse on daily routes of 100 miles, going straight to stores, and making 300 to 400mile runs to other warehouses, Pepsi also utilises them to transport FritoLay products up to 425 miles from its Modesto plant. If Pepsi had pressured the trucks to see if they had the full 500mile range Musk promised, it would not tell. Read More..

B2B Tech News | 7 months ago      

$3.7M is raised in a seed round for QUASH.ai.

HTwenty, G2 Momentum, and Q Capital Venture Capital sponsored a $3.7M seed investment for QUASH.ai. The round also included participation from Barak K

HTwenty, G2 Momentum, and Q Capital Venture Capital sponsored a $3.7M seed investment for QUASH.ai. The round also included participation from Barak Kaufman from Insight Partners and Alex Porto from Riverwood Capital. The platform from QUASH.ai, which is powered by artificial intelligence, offers tools and data that traditional financial institutions may use to evaluate creditworthiness and comprehend credit risks. Using information from over 30 million repayment occurrences across 10 countries in Latin America, the firm has pretrained models for 14 financial products. The money will be utilised to increase the number of Latin American financial institutions that the company serves. QUASH.ai currently employs over 50 people and serves clients in Mexico and Brazil. Read More..

B2B Tech News | 7 months ago