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Chinas robotics industry has shrunk due to labor cuts

Pudu Technology, based in Shenzhen, will begin laying off staff after receiving 1 billion yuan about $149 million in funding from investors such as Te

Pudu Technology, based in Shenzhen, will begin laying off staff after receiving 1 billion yuan about $149 million in funding from investors such as Tencent Holdings, Meituan, and Sequoia Capital. Felix Zhang, CEO In order for our company to survive, weve decided to cut some operations and businesses. According to Zhang, private equity investments in China are at their lowest level in decades. Numerous restaurants in China and around the world have begun to use selfcatering robots. Pudu Technology, based in Shenzhen, will begin laying off staff after receiving 1 billion yuan the US $149 million in funding from investors such as Tencent Holdings, Meituan, and Sequoia Capital. Some people have hoped that robots could gradually replace humans in service jobs as Chinas population ages and labor costs rise. Read More..

B2B Tech News | 3 years ago          

Earths magnetic field explanation

The Earths magnetic field can be visualized if you imagine a large magnetic bar on our planet, roughly aligned with the Earths axis. Magnetic poles ar

The Earths magnetic field can be visualized if you imagine a large magnetic bar on our planet, roughly aligned with the Earths axis. Magnetic poles are located where the magnetic lines of attraction enter Earth. The Geographic North Pole is located in the Arctic Ocean and the Geographic South Pole is found in Antarctica. The Magnetic North Pole was first identified on the Booth is Peninsula in Canadas Nunavut territory in 1831. The Earths magnetic field can be visualized, by imagining a massive magnetic bar on our planet, roughly aligned with the Earths axis. Read More..

B2B Tech News | 3 years ago          

Disclosure of Exposure to Bankrupt Three Arrows Capital by Crypto Exchange Genesis

Genesis Trading said it was exposed to Three Arrows Capital 3AC after the bankrupt crypto hedge fund failed to meet a margin call. The parent company

Genesis Trading said it was exposed to Three Arrows Capital 3AC after the bankrupt crypto hedge fund failed to meet a margin call. The parent company Digital Currency Group has assumed some of 3ACs liabilities and is pursuing all options to recover any potential loss. Cryptocurrency mining firm Genesis Bancorp has said its loans to Three Arrows had a weighted average margin requirement of over 80%, chief executive Sergio Moro said in a filing to the US Securities and Exchange Commission SEC on Thursday. The disclosure comes weeks after Genesis had mitigated losses with a large counterparty that failed to meet a margin call. Read More..

B2B Tech News | 3 years ago          

Russia uses electromagnetic antidrone weapon to fight Ukrainian UAVs

The Russian army deployed an advanced electromagnetic weapon called Stupor against a Ukrainian drone. This device blocks the signal that the operator

The Russian army deployed an advanced electromagnetic weapon called Stupor against a Ukrainian drone. This device blocks the signal that the operator sends to the drone. This will deactivate the drone and land it at the designated location. This device does not damage the drones hardware, so you can reload the weapon after you turn it off. Russian advanced defense systems shoot down and intercept many Ukrainian drones. The Ukrainian model of the weapon, reaching 3.5 km, exceeds the Russian devices distance. However, experts say that Russia uses a lot of drones, especially for reconnaissance, surveillance, and reconnaissance missions. Read More..

B2B Tech News | 3 years ago          

The AI ​​market for customer service is booming worldwide

Global AI for Customer Service Market 2022 Insights, Size, Share, Growth, Opportunities, Emerging Trends, Forecast to 2028, according to a Qurate Rese

Global AI for Customer Service Market 2022 Insights, Size, Share, Growth, Opportunities, Emerging Trends, Forecast to 2028, according to a Qurate Research report. The study is an anthology of indepth research studies on many aspects of the global AI for the customer service industry. It also sheds light on the vendor landscape and helps players forecast future competitive moves. The study estimates the market size in terms of both value millions of dollars and volume K Units. It also sheds light on the supplier landscape and helps players predict future competitive moves. The COVID19 pandemic has had a major influence on the AI for the Customer Service industry. Read More..

B2B Tech News | 3 years ago          

Russian cyber institute GroupIB will separate Russian and international business

GroupIP, a Russian cybersecurity firm, will break its domestic and foreign operations into two distinct companies. International clients will be handl

GroupIP, a Russian cybersecurity firm, will break its domestic and foreign operations into two distinct companies. International clients will be handled by the companys global headquarters in Singapore, while an autonomous Russian division would deal with businesses in Russia and many former Soviet states. Trade will now be unrestricted between Russia and the Commonwealth of Independent States CIS. After the West imposed unprecedented sanctions on Russia in response to Moscows socalled special military operations, which followed the deployment of tens of thousands of troops from Moscow to Ukraine in February, the move reflects actions taken by dozens of international companies to exit or sell Russian operations. Read More..

B2B Tech News | 3 years ago          

Chapter 11 Voyager digital cryptographic brokerage file to protect bankruptcy

Crypto brokerage Voyager Digital has filed for bankruptcy protection, becoming the latest casualty of chaos in digital asset markets. The company suff

Crypto brokerage Voyager Digital has filed for bankruptcy protection, becoming the latest casualty of chaos in digital asset markets. The company suffered significant losses from its exposure to the hedge fund Crypto Three Arrows Capital, which went bankrupt last week. Voyagers shares have lost nearly 98% of their value since the start of 2022. Voyager is still saying to ask for a refund from Three Arrows Capital, or, as it is known, 3AC. The cryptocurrency market is facing a severe liquidity crisis as the platform struggles to cope with the influx of customer withdrawals. Investors are bracing for a much longer recession in digital currencies known as the cryptocurrency winter. Read More..

B2B Tech News | 3 years ago          

Certification of Etisalat Nigerias 5G communications is the first step towards widespread adoption

5G refers to a set of standards and technologies that are intended to allow transmission rates that are up to 20 times faster than those achieved by 4

5G refers to a set of standards and technologies that are intended to allow transmission rates that are up to 20 times faster than those achieved by 4G. Only Kenya and South Africa have commercial 5G services available in the area, even though the superfast mobile technology will enable firms to roll out a variety of innovative applications. Using 5G will provide many benefits to many organizations throughout Nigeria. 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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