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Gov is urged to examine future financial injections for NBN and mobile

The Productivity Commission has criticized what it saw as a lack of transparency in the way government invests in digital infrastructure. The committe

The Productivity Commission has criticized what it saw as a lack of transparency in the way government invests in digital infrastructure. The committee cited investments in NBN upgrades, such as the governments $480 million investment in fixed wireless network upgrades announced earlier this year. It also criticized the governments mobile blackspots program MBSP and regional connectivity program RCP. An independent review of digital infrastructure programs such as the MBSP and NBN would increase the likelihood that government funding for such investments is allocated to those specific locations And the type of technology that will be most beneficial to society. The Commission believes that the influx of small developers and local infrastructure operators is evidence of changing market dynamics. He suggested that governments today take advantage of these changes by agreeing with private operators to provide services to the region in a regulated but nonproprietary manner. Read More..

B2B Tech News | 2 years ago          

JD.com, a $89 billion Chinese ecommerce giant, reports its slowest quarterly growth ever

JD.com posted its slowest yearonyear revenue growth on record, becoming the latest victim of a Covidinduced economic slowdown in China. But the compan

JD.com posted its slowest yearonyear revenue growth on record, becoming the latest victim of a Covidinduced economic slowdown in China. But the company got a boost from better profitability in its main retail business as well as logistics division, helped by the annual 618 shopping festival that takes place in China in June. The company minimized marketing and general and administrative expenses for the quarter versus the same time last year. Chinas biggest ecommerce firm, JD.com, posted a nearly 4% yearonyear revenue rise in the second quarter to 1.8 trillion yuan $266.5 billion, helped by the 618 shopping festival in June. Operating profit for the retail division rose 36% to 8.17 billion yuan, helped by sales from the festival. The company also saw its logistics division swing to an operating profit of 31.2 billion yuan. Read More..

B2B Tech News | 2 years ago          

Taiwan and China seek alternative semiconductor production facilities amid tensions

Amid ongoing tensions with China, Taiwan is seeking a flexible global supply chain and alternative platforms for semiconductor manufacturing. Gabriel

Amid ongoing tensions with China, Taiwan is seeking a flexible global supply chain and alternative platforms for semiconductor manufacturing. Gabriel Chu, deputy project manager at Macronix International, one of the largest semiconductor companies in Taiwan, explains how the company plans to maintain a flexible supply chain. More than 1,500 people are involved in the production of integrated circuits in the Xinzhou Science Park, 80 km from Taipei. India Today spoke to Gabriel Chu, deputy project manager at Macronix International, one of the largest semiconductor companies in Taiwan, about how the company maintains a flexible supply chain. Read More..

B2B Tech News | 2 years ago          

Mercado Libre launches its own cryptocurrency in Brazil

Mercado Libre today announced the launch of Mercado Coin, the first Brazilian cryptocurrency. It is built on the Ethereum blockchain and is used by Me

Mercado Libre today announced the launch of Mercado Coin, the first Brazilian cryptocurrency. It is built on the Ethereum blockchain and is used by Mercado Libre and Mercado Pago in the same country for $0.10. According to Cointelegraph, the company expects 80 million users to have access to Mercado Coin by the end of August. To date, about 500,000 users can accept digital currencies. At an early stage, cryptocurrencies are used for purchases and can also be combined with other payment methods such as traditional bank cards. Mercado Coin was developed by Ripio, an Argentinian fintech, for about a year and a half. The company also plans to expand the digital currency to the rest of Latin America in the future, making it available offplatform. Read More..

B2B Tech News | 2 years ago          

Coles switches its attention from smarter selling to innovation

The supermarket giant reported that its smart merchandising strategy generated about $230 million in revenue in FY22. Coles is poised to save $1 billi

The supermarket giant reported that its smart merchandising strategy generated about $230 million in revenue in FY22. Coles is poised to save $1 billion over four years by the end of FY23. CEO Stephen Kane said a key pillar of the strategy has been updated to expand its services to meet the needs of omnichannel customers. The company plans to open 20 new stores, close nine and renew approximately 40 stores in supermarkets, and liquor. It also plans to accelerate new space and Update your store to a level similar to the previous fiscal year. Coles also plans to open around 20 new stores, close 9 stores, and renovate around 40 supermarkets and liquor stores, accelerating new premises and store upgrades to FY22. Read More..

B2B Tech News | 2 years ago          

Damac is looking into $991 million worth of tech and data centre investment opportunities in Germany

Dubais Damac Group is exploring data centre and technologyrelated investment opportunities worth €1 billion $991m in Germany. It entered the data ce

Dubais Damac Group is exploring data centre and technologyrelated investment opportunities worth €1 billion $991m in Germany. It entered the data centre business last year, with the launch of Edgnex, a global digital infrastructure provider. The company said that it would accept certain cryptocurrencies for property transactions as part of efforts to offer more flexibility to investors. Damac Group has a diverse portfolio including capital markets, data centres, hospitality, fashion, and retail. It entered a joint venture to build singlefamily residential developments in Scandinavian countries. The companys other international projects include the 50storey Damac Towers Nine Elms, a flagship project in central London with Versace interiors. Read More..

B2B Tech News | 2 years ago          

The orchestrator chatbots creator is supported by Westpac

Westpac has emerged as a financial backer in addition to a customer of Kasisto, whose software is used by the bank to act as a central brain for all

Westpac has emerged as a financial backer in addition to a customer of Kasisto, whose software is used by the bank to act as a central brain for all of its chatbots. The banks CTO told Westpac Wire in April that chatbots and digital assistants are often developed by siloed use cases, which becomes confusing for customers and staff. The Australian bank is one of the first in the world to use a central AI brain that orchestrates all conversations. Westpac may be banking on other banks trying to adopt a similar model for their digital services. Westpac may be banking on other banks trying to adopt a similar model, with Kasisto at the core. Its smart enough to know which chatbot can answer what question, and when they cant so it can hive off to a live agent. Read More..

B2B Tech News | 2 years ago          

Indias First Hydrogen Fuel Cell Bus What is Hydrogen Fuel Cell Technology?

Pune, a hydrogen fuel cell bus developed by KPITCSIR was unveiled by Union Minister for Science and Technology Jitendra Singh. A fuel cell works like

Pune, a hydrogen fuel cell bus developed by KPITCSIR was unveiled by Union Minister for Science and Technology Jitendra Singh. A fuel cell works like a conventional battery in an electric vehicle but does not need to be charged with electricity. They combine hydrogen and oxygen atoms to produce electricity. Electric vehicles equipped with hydrogen fuel cells do not produce exhaust gases. That is, it emits only water vapor and hot air. Another advantage is that they are more efficient than internal combustion engine vehicles. It also has another advantage in terms of charging time, making it more practical than battery electric vehicles for public transportation. Read More..

B2B Tech News | 2 years ago          



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Refresh Your Facts

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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