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TECH NEWS

Nigerias digital space will receive investments from Google, Twitter, and others

Minister of Information and Culture, Alhaji Lai Mohammed, said this in Epe, Lagos State, at the 49th Annual General Meeting of the Association of Adve

Minister of Information and Culture, Alhaji Lai Mohammed, said this in Epe, Lagos State, at the 49th Annual General Meeting of the Association of Advertising Agencies of Nigeria AAAN He said the Federal Government was committed to exploring all the opportunities offered by the techies for the benefit of the people. Audience measurement in broadcasting will give an accountable and datadriven understanding of the impact of communication on consumer behavior, he added. Read More..

B2B Tech News | 2 years ago          

LGES of South Korea intends to build an EV battery plant in Europe

Tesla supplier LG Energy Solution Ltd LGES said on Wednesday it is looking for a new battery factory in Europe. The South Korean firm supplies electri

Tesla supplier LG Energy Solution Ltd LGES said on Wednesday it is looking for a new battery factory in Europe. The South Korean firm supplies electric vehicle EV batteries to automakers, including General Motors Co, Ford Motor Co, and Volkswagen AG. It did not say how much it planned to invest in the new European plant or give a timeframe for construction. It plans to start selling lithium iron phosphate batteries manufactured in its China plant in 2023 and add a new LFP battery production line at its factory in Michigan in 2024. Analysts expect LG Electronics to renegotiate with customers in the second half of the year as raw material costs rise and profitability recovers. Read More..

B2B Tech News | 2 years ago          

Egypts leading fashion ecommerce platform, TFK, secures a $2.6 million seed round.

Egyptbased fashion ecommerce platform The Fashion Kingdom raises $2.6 million in a seed funding round. The venture capital firm CVentures and A15 cole

Egyptbased fashion ecommerce platform The Fashion Kingdom raises $2.6 million in a seed funding round. The venture capital firm CVentures and A15 coled the round, which also saw participation from Lotus Capital, Raba Capital, Sunny Side Venture Partners, Foundation Ventures, and The Cairo Angels. TFK currently has 200 and above local and international brands on its platform with 135,000 customers. Read More..

B2B Tech News | 2 years ago          

In order to connect with consumers, Australian tech companies must develop their brand identities.

Australias tech scaleups and ASXlisted tech brands are limiting their potential for success by prioritizing product and function rather than building

Australias tech scaleups and ASXlisted tech brands are limiting their potential for success by prioritizing product and function rather than building brands that connect with people. According to new research from Hotwire Australia and the University of Sydney Business School, this mistake has a real impact on business results. This study examined the use of semiotic symbols of technological brands and branding methods at different stages of business development. Leading brands invest in creating emotional connections with consumers to ensure their emotional connection The research found that 75% of scaleups and ASXlisted tech brands adopted functional brand taglines instead of more emotive slogans. No largescale tech brand has communicated human benefits through their website content. Consumers are more likely to seek out information on brands that create emotional connections. Read More..

B2B Tech News | 2 years ago          

60% Indians want to choose Web3 full time

Cryptocurrencies, metaverses, and noncontagious tokens NFTs are the most popular and desirable fields for a Web3 career in India, according to a new s

Cryptocurrencies, metaverses, and noncontagious tokens NFTs are the most popular and desirable fields for a Web3 career in India, according to a new study by global cryptocurrency exchange Kucoin. According to the report, at least 60% of surveyed Indian users who have never worked for Web3 are highly interested in job hunting, mainly motivated by career growth and excellent salary packages in the industry. Over 80% of Web3 professionals in India are under 30 years old, much younger than the global average. Notably, 72% of Web3 professionals in India are very satisfied with their career so far and are aware of the benefits of the industry, such as growth, innovation, and better wellbeing. Read More..

B2B Tech News | 2 years ago          

The stocks for information technology has taken a dive

IT stocks were trading in the negative zone, with the S&P BSE IT Sector index down 653.14 points or 2.27%. Among the losers were Persistent Systems Lt

IT stocks were trading in the negative zone, with the S&P BSE IT Sector index down 653.14 points or 2.27%. Among the losers were Persistent Systems Ltd down 4.94%, Brightcom Group Ltd, and L&T Technology Services Ltd. On the other hand, Cerebra Integrated Technologies Ltd up 17.18% moved up. Among the components of the S&P BSE IT Sector index, Tanla Platforms Ltd down 20%, Ramco Systems Ltd down 9.78%,Mphasis Ltd down 5.74%,Sonata Software Ltd down 5.46%,Intellect Design Arena Ltd down 5.32%, were the top losers. Read More..

B2B Tech News | 2 years ago          

Intel plans to produce chips for Taiwanese MediaTek to keep pace with Asian rivals in manufacturing

Intel makes semiconductors for Taiwans MediaTek, which will be a huge boost for US companies to produce contract chips. Via its foundry business, Inte

Intel makes semiconductors for Taiwans MediaTek, which will be a huge boost for US companies to produce contract chips. Via its foundry business, Intel will manufacture chips that other companies design. The manufacturing of the most advanced chips is not something many companies can do and is dominated by TSMC and Samsung. Intel has signed a contract with Taiwans MediaTek to produce chips for a variety of smart peripherals.. Chip companies around the world have been focusing on strengthening their supply chains and diversifying production amid a global chip shortage.As demand for chips continues to grow, Intel and its Asian competitors plan to increase spending on foundry production. But Intel is way behind but getting MediaTek as a customer will help the company. MediaTek became the largest company in its segment with a 38% share of the smartphone application processor market in the first quarter. Read More..

B2B Tech News | 2 years ago          

Whether or not your AI company is European, make sure it complies with EU data laws.

Data is required for the refinement of most cuttingedge technology, and it will only become more important as we develop more sophisticated AI and ML

Data is required for the refinement of most cuttingedge technology, and it will only become more important as we develop more sophisticated AI and ML models. There are strict regulations around how data can be used, particularly within the EU. These regulations affect AI companies the world over because they restrict how data is moved out of the bloc – to servers in the US, say. Since then, many companies have been involved in legal disputes over how their algorithms work within the confines of EU law. Even if you dont want to do business in Europe, that doesnt mean youll be able to avoid the hand of European law. Hope has arrived in the form of the TransAtlantic Data Privacy Framework but adoption is still some way off. 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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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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