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Blackmores makes an investment in critical technology

Blackmores has plans to improve its digital capabilities. The Australian health supplements company will invest around $2025 million across the coming

Blackmores has plans to improve its digital capabilities. The Australian health supplements company will invest around $2025 million across the coming year. Blackmores has announced it will spend about $10 million on muchneeded technology improvements. The companys overall capital expenditure for FY22 was $10.7 million which was made up of maintenance and efficiency capex across IT, upgrades to facilities and equipment, and other costs. Blackmores reported group revenue of $649.5 million, up 12.8 percent from the prior year, and underlying earnings before interest and tax EBIT of $56.6 million, 19.0 percent. The companys capital expenditure fell by 42 percent to $9.3 million as a result of its cloud computing costs becoming part of its operating expenses. Read More..

B2B Tech News | 3 years ago          

A third stake in the Google Africa Investment Fund is in logistics company Lori Systems

African ondemand logistics and shipping company Lori Systems has raised a preseries B round in which Google joins other investors. This is the third s

African ondemand logistics and shipping company Lori Systems has raised a preseries B round in which Google joins other investors. This is the third spinoff of Googles $50 million Africa Investment Fund, which focuses on growthstage startups on the African continent. The fund is part of Googles plan to invest $1 billion in technologydriven initiatives over the next five years. Ondemand logistics and trucking marketplaces connect shippers with transportation, help move goods, expand working capital and provide software. Lowry said in a statement that since its launch in 2016, it has helped thousands of shippers and carriers move more than $10 billion across the continent. CEO Uche Ogboye. Lori has focused on growth, sustainability, and profitability paths since the last round of funding. Read More..

B2B Tech News | 3 years ago          

Failing aircraft venture highlights strains in ChineseRussian relations

China has every reason to join forces with American Boeing and European Airbus to create a giant plane that will become a triplane. Over the next 20 y

China has every reason to join forces with American Boeing and European Airbus to create a giant plane that will become a triplane. Over the next 20 years, global demand for twinbody or widebody aircraft will be approximately 8,300 units. The Chinese company COMAC created its first large passenger plane, the C929. President Xi Jinping considers the alliance with Russia useful in confronting the West. The CR929 was considered an aircraft that could only find customers in China and Russia. Read More..

B2B Tech News | 3 years ago          

5G Chipset Adoption 20222027 Market Trends by Use in Industry Verticals

The 5G Chipset market is poised to reach $80 billion by 2027. RFICs are assumed to hold the highest market share. North America will lead the 5G chips

The 5G Chipset market is poised to reach $80 billion by 2027. RFICs are assumed to hold the highest market share. North America will lead the 5G chipset market as well as deployment. The network effect is clearly evident as the impact of increasingly interconnected IoT systems will cause an acceleration in demand for chipsets. In particular, AIenabled networks of devices and systems will drive substantial change in industrial and workplace environments. Read More..

B2B Tech News | 3 years ago          

African fintech and crypto leaders will join the African Money and DeFi Summit this September in Ghana

The summit kicked off at the Africa Tech Summit, following the soldout Money and Defi Summit in Nairobi earlier this year Polygon, Paystack, VerifyMe,

The summit kicked off at the Africa Tech Summit, following the soldout Money and Defi Summit in Nairobi earlier this year Polygon, Paystack, VerifyMe, Celo, Flutterwave, BitPowr, Visa, YouVerify, Workday, and more are once again featured in a series of top tech events. Bringing together industry leaders, including The summit includes multiple networking events, masterclass sessions, and soldout exhibitions with leading companies, as well as over 400 delegates, 150 companies, and over 75 speakers covering topics through panel sessions, keynotes, and conversations to the fire. African funds and defective summits offer major Finland Finland Finland Finland, African central finances, the series of mobile and technological encryption and provide information and networks to the Fintech, Defi & Crypto ecosystem. Read More..

B2B Tech News | 3 years ago          

Market for Synthetic Monitoring to Reach USD 402.81 Million by 2026 High Vendor Competition Owing to Changing Standards

Artificial intelligence market size is expected to increase by USD 402.81 million from 2021 to 2026. The market growth rate will increase at a CAGR of

Artificial intelligence market size is expected to increase by USD 402.81 million from 2021 to 2026. The market growth rate will increase at a CAGR of 7.73% during the forecast period. The market is very competitive because there are few big players. Vendors use growth strategies such as mergers and acquisitions and app launches. On the basis of type, the AI ​​monitoring market is segmented into API monitoring, website monitoring, and mobile application monitoring. The API monitoring segment will significantly contribute to the growth of the market during the forecast period. North America, Europe, ABAC, South America, the Middle East, and Africa will have more market growth. The use of artificial monitoring can help companies quickly establish the structure of identification monitoring. Read More..

B2B Tech News | 3 years ago          

FinTech Arc receives $20 million in startup funding

Softwareasaservice SaaS finance company Arc has closed a Series A round for $20 million. The companys products help startups access and manage capital

Softwareasaservice SaaS finance company Arc has closed a Series A round for $20 million. The companys products help startups access and manage capital while keeping equity. Arc Treasury, a cash management account, debuted in June. Other investors included NFX, Y Combinator, Clocktower Technology Ventures, Torch Capital, Atalaya, Bain Capital Ventures, and Dreamers VC. The round was led by Left Lane Capital, while other investors included NFX, Y Combinator, Clocktower Technology Ventures, Torch Capital, Atalaya, Bain Capital Ventures, Soma, and Alumni Ventures, and Dreamers VC. Read More..

B2B Tech News | 3 years ago          

VLC claims that Indian ISPs blocking the site are a threat to users

VideoLan, the developer of the famous VLC media player, said Indian operators have been blocking websites since February this year. Its a move that co

VideoLan, the developer of the famous VLC media player, said Indian operators have been blocking websites since February this year. Its a move that could hurt some users of one of the biggest markets for open source companies. The operator began blocking VideoLans site on February 13 this year, he said, when the place saw an 80 percent drop in traffic in the South Asian market. The India block resulted in an overall 20% drop in traffic to the site. The Indian telecom operator did not explain why they blocked VideoLans place, but some speculate it may have been a misinterpretation of security warnings from earlier this year. Read More..

B2B Tech News | 3 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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