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GLOBAL NEWS

Copilot is launched by Nabla, a digital health startup that makes use of GPT3 to turn patient conversations into actions.

Alexandre Lebrun, cofounder of AI startup Nabla, has launched Copilot, a digital assistant for doctors to help transcribe and repurpose information fr

Alexandre Lebrun, cofounder of AI startup Nabla, has launched Copilot, a digital assistant for doctors to help transcribe and repurpose information from video conversations. Copilot is based on GPT3, an OpenAI language model used to generate human text that is used by practitioners in the United States and France. The jury is still out on whether generative AI technologies will have largescale, longterm applications, and whether they will provide net benefits or net losses to our world. Read More..

B2B Tech News | 4 days ago      

eSIM interoperability is launched by the Trusted Connectivity Alliance.

The Trusted Connectivity Alliance TCA has launched an eSIM interoperability service to promote increased confidence and trust across the eSIM ecosyste

The Trusted Connectivity Alliance TCA has launched an eSIM interoperability service to promote increased confidence and trust across the eSIM ecosystem. The service allows mobile and other network operators to test how their eSIM profiles interact with a wide range of consumer eSIM devices. It also assists in identifying and resolving individual interoperability and compatibility issues. The eSIM Interoperability Service is an industryled testing initiative designed to assist operators in addressing and mitigating individual interoperability challenges. It is especially useful for Tier 2 and 3 operators, and it is expected to evolve to support additional testing scenarios. Read More..

B2B Tech News | 4 days ago      

PayForce is acquired by Nigerian creditfocused fintech FairMoney in a retailmerchant banking deal.

FairMoney, a Nigerian creditled digital banking platform, has acquired PayForce a subbrand of YCbacked CrowdForce, a merchant payment service for smal

FairMoney, a Nigerian creditled digital banking platform, has acquired PayForce a subbrand of YCbacked CrowdForce, a merchant payment service for small businesses. The transaction was a cashandstock transaction worth $15 million to $20 million. Oluwatomi Ayorinde, CEO of PayForce, has joined FairMoney to lead the companys payments business unit, PayForce by FairMoney. As the digital retail and merchant banking space has heated up, both companies flagship products have given way to a slew of new offerings. PayForce began by providing POS devices to merchants and enabling them to offer cashin, cashout, transfer, and bill payments to retail customers while supplying liquidity through a network of partners. FairMoney, on the other hand, began with a digital lending product that offers loans ranging from 15 days to 24 months. Read More..

B2B Tech News | 4 days ago      

LexxPluss introduces warehouse robots to the United States.

Masaya Aso is a cofounder of LexxPluss, a twoyearold startup that designs and develops autonomous mobile robots for transporting loads and optimising

Masaya Aso is a cofounder of LexxPluss, a twoyearold startup that designs and develops autonomous mobile robots for transporting loads and optimising workflows in warehouses and logistics sites. The company is getting ready to enter the US market, which is expected to grow to $3.2 billion by 2028, accounting for 40% of the global market. The Series A funding will aid in product development, increase the payload to 500kg, and add a 3D visualisation of operations for remote control and monitoring. LexxPluss is a startup that has developed autonomous mobile robots with greater payload capacity and more open mechanical design intellectual property IP and application programming interfaces APIs. It has seven clients and 32 partners, and it has launched an open industrial robotics programme to accelerate collaboration with industrial robotics. Read More..

B2B Tech News | 4 days ago      

A court in California rules that Uber and Lyft drivers are contractors.

A state law allowing Uber, Lyft, and other appbased ondemand services to treat drivers as independent contractors as opposed to employees was upheld b

A state law allowing Uber, Lyft, and other appbased ondemand services to treat drivers as independent contractors as opposed to employees was upheld by the California Court of Appeal on Monday. A California law requiring them to reclassify their drivers and offer employee benefits was overturned by Proposition 22, which was supported by ridesharing companies and food delivery app platforms. Prop 22 does provide some protections, such as pay above the minimum wage and enhanced health insurance, but it also classifies drivers as independent contractors, depriving them of some standard employee benefits. Labor organizations opposed the initiative on the grounds that it would diminish worker rights and benefits. Read More..

B2B Tech News | 5 days ago      

Kin + Carta establishes hubs in Bristol and Edinburgh.

Kin + Carta now has five offices in the UK after establishing new teams in Edinburgh and Bristol. The action is a result of the advisory firms ongoing

Kin + Carta now has five offices in the UK after establishing new teams in Edinburgh and Bristol. The action is a result of the advisory firms ongoing support for UK talent. Edinburgh is a crucial market for Kin + Carta because it is regarded as one of Europes data capitals. The new location will serve as a crucial point of access between the companys presences on either side of the Atlantic thanks to direct flight paths to Chicago. The company is currently active on the majority of consulting frameworks for the UK and Scottish governments, and recent successes in the industry show that its reputation is expanding. In order to take advantage of the abundant local talent, Kin + Carta has established a new team in Bristol. Read More..

B2B Tech News | 5 days ago      

Europe is added to CIM Groups real estate credit business.

CIM Group has expanded its Real Estate Debt Solutions platform to Europe, with loan sizes ranging from £75 million to £200 million for whole loans a

CIM Group has expanded its Real Estate Debt Solutions platform to Europe, with loan sizes ranging from £75 million to £200 million for whole loans and from £20 million to £50 million for core mezzanine loans. In the future, the European credit strategy plans to expand to include groundup development financings. CIM Group opened an office in London in 2021 and is currently expanding its local credit team. CIM Group has acquired Cathedral Square, a threebuilding office campus in Guildford, UK, to enter the Western European real estate market. The companys investment team in London is looking for welllocated office, residential, retail, and logistics properties in metropolitan markets with strong demographics, public transportation, and knowledgebased anchors. Read More..

B2B Tech News | 5 days ago      

Foundry, Naspers $100 million fund for South African startups, is no more.

The R1.4 billion $100 million South Africafocused venture capital firm Naspers Foundry has ceased operations. Naspers is the most valuable IT business

The R1.4 billion $100 million South Africafocused venture capital firm Naspers Foundry has ceased operations. Naspers is the most valuable IT business in Africa by market value. Naspers will no longer have a specific staff devoted to working with South African companies as it is aligning its efforts with the strategy it uses worldwide through Prosus Ventures. Naspers has reassessed its earlystage investment strategy in South Africa to bring it in line with its international approach because the global investment landscape has changed. In line with its other global markets, Naspers will continue to assist the growth of South Africas earlystage tech industry by evaluating the market and potential new prospects. Read More..

B2B Tech News | 5 days ago