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The most recent Korean startup to lay off staff is Green Labs, an agtech company.

In January of last year, South Korean agtech startup Green Labs secured $140 million 170 billion won in Series C funding. Since then, the companys wor

In January of last year, South Korean agtech startup Green Labs secured $140 million 170 billion won in Series C funding. Since then, the companys workforce has doubled, and as part of a restructuring, some employees will be let go. A request for response from TechCrunch was not immediately answered, but the company is having trouble securing additional investment because of its overly aggressive expansion. Since its founding, Green Labs has raised a total of $170 million. Read More..

B2B Tech News | 2 years ago          

EU College of Commissioners is addressed in Brussels by the IEA Executive Director.

The Executive Director of the International Energy Agency, Fatih Birol, spoke in front of the College of Commissioners from the 27 EU nations in Bruss

The Executive Director of the International Energy Agency, Fatih Birol, spoke in front of the College of Commissioners from the 27 EU nations in Brussels about the significance of enhancing energy security while advancing the energy transition. He praised the progress made in the rollout of cleaner substitutes for Russian fossil fuels as well as the EU institutions and member states reduction in dependence on Russian energy in just a year. In light of the fragile equilibrium that exists on the oil and gas market, he cautioned Europe against becoming complacent in the leadup to the upcoming winter. In order to compete in the production of clean energy technologies, Dr. Birol urged Europe to produce a new industrial masterplan. The Commissions new Green Deal Industrial Plan represents a significant step in that direction. Read More..

B2B Tech News | 2 years ago          

The global reach of Aryakas hyperscale POPs is growing.

Aryaka is increasing its global hyperscale PointofPresence POP investment for the delivery of cloudbased services. Together with enabling lowlatency e

Aryaka is increasing its global hyperscale PointofPresence POP investment for the delivery of cloudbased services. Together with enabling lowlatency endtoend for higher connection speeds and clouddelivered services for network, security, and observability, this entails constructing 27 additional POPs in 21 countries and 15 significant metropolitan areas. Aryaka is also deploying its AppAssure technology on POPs, giving consumers access to information about jitter, latency, and loss for each app and user. Additionally, the business is enhancing its SDWAN solution based on its marketunique FlexCore by giving its MyAryaka customer portal comprehensive features and simple navigation. The companys dedication to streamlining operations is shown in this action. A Fierce Innovation Award was recently given to Aryaka for its managed SDWAN and SASE services. Read More..

B2B Tech News | 2 years ago          

Policymakers can access vital SDG research thanks to the South African Hub.

A digital network called the South African SDG Hub is home to more than 150,000 academic articles. Users of Intelligent Search can get recommendations

A digital network called the South African SDG Hub is home to more than 150,000 academic articles. Users of Intelligent Search can get recommendations for books based on a machinelearning algorithms scan of a PDF file. Users provided PDF files are not saved or kept on the platforms servers. The South African government and the German Agency for International Cooperation both support it GIZ. The new tool became operational on February 13, 2023. Read More..

B2B Tech News | 2 years ago          

Asian stocks are negatively impacted by Fed risks, while the tech sector is optimistic due to Nvidia.

Fears of rising U.S. interest rates caused the Asian stock markets to decline on Thursday, but a strongerthanexpected sales projection from Nvidia lif

Fears of rising U.S. interest rates caused the Asian stock markets to decline on Thursday, but a strongerthanexpected sales projection from Nvidia lifted local technology companies, especially those of chipmakers. With a gain of 1.3%, the Taiwan Weighted index had Asias finest day. South Koreas KOSPI gained 1% while Hong Kongs Hang Seng index increased by 0.3%. After nearly 18 months of rate increases, the Bank of Korea decided to hold interest rates steady. But, the outlook for technology equities is still bleak because of trade tensions between the United States and China and a likely slowdown in demand this year. The Federal Reserve reaffirmed its hawkish tone during its meeting in February, and recent inflation numbers are expected to drive the banks hawkish position even more. Read More..

B2B Tech News | 2 years ago          

Ericsson, a manufacturer of telecom equipment, will terminate 1,400 Swedish jobs.

Ericsson, the maker of telecom equipment, plans to cut 1,400 jobs in Sweden as part of a broader costcutting strategy. As demand in some markets, incl

Ericsson, the maker of telecom equipment, plans to cut 1,400 jobs in Sweden as part of a broader costcutting strategy. As demand in some markets, including North America, slows, the company had previously announced plans to cut costs by 9 billion crowns $880 million by the end of 2023. More job cuts, numbering in the thousands in other countries, are expected in the coming days. Ericsson made significant cuts in 2017, laying off thousands of employees and focusing on research to help the company recover from losses. Global layoffs have affected not only startups and midsized businesses, but also large technology companies such as Amazon, Microsoft, and Alphabet, the parent company of Google. Read More..

B2B Tech News | 2 years ago          

EU Sees a New Tech Champion, But Its Not ChatGPT.

ChatGPT is regulated in Europe, not invented there, highlighting how far the European Union lags behind the United States and China in terms of techno

ChatGPT is regulated in Europe, not invented there, highlighting how far the European Union lags behind the United States and China in terms of technology. Tech lobbyists are outraged at EU Commissioner Thierry Bretons desire to toughen incoming AI rules to rein in chatbots. As a boost to European tech sovereignty through growth in cloud and advanced computing, Airbus SE has proposed an investment in Evidian, the bigdata and cybersecurity unit that Atos plans to spin off this year. Read More..

B2B Tech News | 2 years ago          

A strategic move by the president of Nigeria to address the cash crisis.

Nigerias President Muhammadu Buhari defended a currency swap that sparked protests and cash shortages on Thursday, but ordered that old, small denomin

Nigerias President Muhammadu Buhari defended a currency swap that sparked protests and cash shortages on Thursday, but ordered that old, small denomination 200 naira notes be kept in circulation to alleviate scarcity. Nigeria has been dealing with a cash shortage since the Central Bank of Nigeria CBN began exchanging old bills of the local naira currency for new, redesigned ones, resulting in a shortage of banknotes. Along with the new notes, the old 200 naira bills will be legal tender for 60 days until April 10. However, some state governments have filed a lawsuit against the central bank, requesting that the policy be suspended and that Nigerians be allowed to use both old and new notes until the banks are able to replace them. Read More..

B2B Tech News | 2 years ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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