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TECH NEWS

AfricaTech Awards IFC, Viva to honor innovators in the field of climate technology, among others.

The International Finance Corporation IFC and Viva Technology announced the second edition of the AfricaTech Awards, an initiative to highlight Africa

The International Finance Corporation IFC and Viva Technology announced the second edition of the AfricaTech Awards, an initiative to highlight Africafocused companies with innovative solutions to key development challenges. Founders are invited to apply for the awards in three categories climate tech, fintech, and health tech. The winners will gain access to leaders and top executives in the technology industry, as well as increased visibility among global investors. Funding for African tech startups reached a record $5.4 billion in 2022, but this is only a fraction of the funding available in developed countries. Tech entrepreneurship can help drive economic growth in Africa and promote innovation and competitiveness in key sectors of the economy, but Africas tech ecosystems receive only 1% of private capital investments. Read More..

B2B Tech News | 19 days ago          

With AI Services and Technologies, SKT Will Lead the AI Transformation in Business and Society.

By promoting innovations in five key areas—customer & technology, time & space, AI TransformationAIX for Industry, core business model, and ESG—SK

By promoting innovations in five key areas—customer & technology, time & space, AI TransformationAIX for Industry, core business model, and ESG—SK Telecom NYSE SKM today outlined its goals to achieve AI to Everywhere. Customer & Technology CEO Ryu declared that SKTs AI service A. has effectively adapted to the Korean market and wants to improve the service going forward in order to not only position it as the leading AI service in Korea but also to open up chances on the international market. According to Time & Space CEO Ryu, SKT will broaden time and space for customers by expanding its business from the ground to the air and from actual space to virtual space, as well as by transitioning from being a mobile operator to a mobility operator by offering services like urban air mobility. Read More..

B2B Tech News | 20 days ago          

A new center for product management called Cycle unifies all customer feedback.

A French firm called Cycle is developing a collaboration platform for product managers that will allow them to gather information from multiple source

A French firm called Cycle is developing a collaboration platform for product managers that will allow them to gather information from multiple sources, work on the following product iterations, and close the feedback loop with the most enthusiastic customers. It has the support of 60 angel investors in addition to eFounders, Base Case, The 20VC Fund, SV Angel, BoxGroup, and SV Angel. Cycle organises input so that everything relating to one feature is grouped together in order to serve as a single source of truth. Afterwards, product managers use Cycles richtext editor, which supports embeds, to create their Product Requirements Documents. Cycle supports connections to GitHub, Linear, or Notion. Read More..

B2B Tech News | 20 days ago          

In a deal with a Japanese tech giant, a Sydney founder will make millions.

In a move that will likely bring the founder tens of millions of dollars, Fujifilm Business Innovation has bought MicroChannel Services, a 28yearold p

In a move that will likely bring the founder tens of millions of dollars, Fujifilm Business Innovation has bought MicroChannel Services, a 28yearold provider of IT services with headquarters in Sydney. Although the purchase price for MicroChannel Services was not published, it is believed that Fujifilm spent roughly $100 million for it. The deal, according to CEO Naoki Hama, helped the business get closer to its objective of generating 400 billion yen $4.3 billion in sales by 2027. Offering services for Microsoft, SAP, IBM, Sage, MYOB, and other software implementations, MicroChannel Services serves commercial clients as well as small and mediumsized businesses. Read More..

B2B Tech News | 20 days ago          

Deloitte projects that by 2026, the Indian semiconductor market will be worth $55 billion.

The Indian semiconductor market is expected to reach $55 billion by 2026, according to Deloittes 2023 TMT Technology, Media, and Entertainment, Teleco

The Indian semiconductor market is expected to reach $55 billion by 2026, according to Deloittes 2023 TMT Technology, Media, and Entertainment, Telecom report, led by three industries computing and data storage, automotive components, and smartphones and wearables. India is predicted to become a key role in the 5G revolution despite the current global economic climate, as the private deployment of 5G networks using semiconductor and chip technologies is projected to take off in a significant way between 2025 and 2028. The development of nextgeneration, potent, highthroughput Kaband satellites, expanding coverage, and leveraging cuttingedge technologies for secure communications put satellite firms at the forefront of communication technology innovation. To show how the technology affects various industrial verticals, stakeholders must work together to develop use cases that are specifically focused on India. Read More..

B2B Tech News | 20 days ago          

Launch of TrainAI by RWS Expands AI Training Data Services.

RWS, a global provider of technologyenabled language, content, and intellectual property services, today announced the launch of its TrainAI brand, wh

RWS, a global provider of technologyenabled language, content, and intellectual property services, today announced the launch of its TrainAI brand, which will provide clients with complete, endtoend data collection, annotation, and validation services for all types of AI data. TrainAI builds on RWSs years of experience as an AI company, providing machine translation and AI training data services to the worlds largest organisations to improve the quality of machine learning models and AI applications. It provides clients with access to RWSs SmartSource community, a large and active pool of 100,000+ annotators and linguists who provide skilled AI data services in 400+ language variants across 175+ countries. Since 2017, RWS has been assisting its clients by providing dependable data for their AI projects. TrainAI is a worldclass service provider. Read More..

B2B Tech News | 20 days ago          

Insuretech Flock, a company born from drone technology, raises $38M in Series B funding to encourage commercial drivers to drive safely.

The development of the U.K. business Flock, which utilises realtime data to insurance automobile fleets, was sparked by research into how to insure dr

The development of the U.K. business Flock, which utilises realtime data to insurance automobile fleets, was sparked by research into how to insure drones. When Ed Leon Klinger and Antton Pena realised that automobiles might be insured in the same way as other types of property, they added the notion of gamifying drivers to encourage safer driving to two academic research papers they were working on. Following a $17 million Series A fundraising in 2021, Octopus Ventures and CommerzVentures have now committed $38 million to Flocks war chest. Palihapitiya was the Series A leader for Flock in 2021. Read More..

B2B Tech News | 20 days ago          

In an effort to combat imagebased abuse on Facebook and Instagram, meta will assist young Australians in finding their nudities.

Young Australians can use the new platform Take It Down to safely submit their content to a unique algorithm if they are concerned that their private

Young Australians can use the new platform Take It Down to safely submit their content to a unique algorithm if they are concerned that their private images or videos have already been or will be published online. Major websites like Facebook, Instagram, OnlyFans, and Pornhub receive the code after which they erase any discovered content. The service is anticipated to strengthen the protections already in place in Australia, the only nation in the world with legislation against imagebased abuse. Before large service providers are compelled to proactively search for and seek the removal of child sexual abuse material, there is still a long way to go. Read More..

B2B Tech News | 20 days ago          



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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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