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Born from drone technology, InsureTech Flock raises $38M in Series B funding to encourage commercial drivers to drive safely.

Flock is a UK startup that insures car fleets using realtime data. Ed Leon Klinger and Antton Pena were working on two academic research papers when t

Flock is a UK startup that insures car fleets using realtime data. Ed Leon Klinger and Antton Pena were working on two academic research papers when they came up with the idea of only insuring drones when they were in flight. This resulted in the formation of Flock, which raised $17 million in a Series A round in 2021. Zego has so far raised $281.7 million to fund something similar, but Flock appears to be in Zegos rearview mirror. Octopus Ventures and CommerzVentures led the $38 million Series B funding round, with existing investors including Social Capital, Dig Ventures, Anthemis, and Foresight Ventures. Flock now serves over 600 commercial fleet clients, including Jaguar Land Rover, Europes electric car subscription service. Read More..

B2B Tech News | 22 days ago          

Microsoft introduces a set of cloudbased tools for telcos.

Microsoft has released previews of two AIpowered services designed to manage telco networks, which use the same capabilities as the tech giants Azure

Microsoft has released previews of two AIpowered services designed to manage telco networks, which use the same capabilities as the tech giants Azure cloud platform. AT&T, Ericsson, and Nokia will benefit from Microsofts new Nexus service, an allinone platform that allows operators to manage their networks from the cloud, as well as two different AIOps services. These advancements will enable operators to transform their core networks while also improving customer experiences. Read More..

B2B Tech News | 22 days ago          

In order to save energy on mobile networks, Singtel and Ericsson have partnered to achieve an industry first.

As part of its net zero emissions strategy, Singtel has deployed Ericssons Cell Sleep Mode function to further conserve energy at its mobile base stat

As part of its net zero emissions strategy, Singtel has deployed Ericssons Cell Sleep Mode function to further conserve energy at its mobile base stations. The function predicts the traffic patterns of individual radio cell transmitters using artificial intelligence AI and machine learning ML, resulting in optimised cell sleep configurations and annual energy savings of up to 8% on average. Singtel has reduced energy consumption by implementing efficient power usage techniques such as installing energyefficient radios and optimising network algorithms. Singtel is Asias leading communications technology group, offering both consumers and businesses a portfolio of services ranging from nextgeneration communication, 5G, and technology services to infotainment. Ericsson enables communications service providers and businesses to maximise the value of connectivity. The stock of Ericsson is rising. Read More..

B2B Tech News | 22 days ago          

Production will begin in Europe at Nokia phone manufacturer HMD.

The manufacturer of devices under the Nokia name, HMD Global Oy, is creating the tools and procedures necessary to bring 5G device manufacturing to Eu

The manufacturer of devices under the Nokia name, HMD Global Oy, is creating the tools and procedures necessary to bring 5G device manufacturing to Europe. In preparation for the initial phases of producing and testing smartphones in Europe, HMD, based in Finland, is collaborating with a variety of IT security partners on software updates and extensive testing. By passing rules and providing subsidies, the European Union has been enticing businesses to start producing in important industries. In order to produce smartphones and tablets under the Nokia brand, HMD and Nokia Oyj entered into an exclusive 10year licencing arrangement in 2016. On Saturday, the firm presented three smartphones with a threeday battery life and said that it would start fixing phones in conjunction with iFixit. Read More..

B2B Tech News | 22 days ago          

Australian company Recharge Industries purchases Britishvolt.

Britishvolts plans to construct a £4 billion battery factory close to the Northumberland port of Blyth were abandoned last month due to a lack of bat

Britishvolts plans to construct a £4 billion battery factory close to the Northumberland port of Blyth were abandoned last month due to a lack of battery expertise, tested technology, clients, and revenue. Scale Facilitation has acquired Recharge Industries, an Australian startup with minimal prior manufacturing experience, and Recharge Industries intends to concentrate on batteries for energy storage and highperformance sports cars. Unfortunately, it appears that the UK will be many years away from having a muchneeded facility that can supply batteries for highvolume automakers. Only a few days have passed since the LevellingUp Secretary Michael G. Read More..

B2B Tech News | 22 days ago          

Improved eNaira services are offered by the CBN.

The Central Bank of Nigeria CBN responded to Nigerians worries about a shortage of the naira brought on by the currency redesign by introducing impro

The Central Bank of Nigeria CBN responded to Nigerians worries about a shortage of the naira brought on by the currency redesign by introducing improved eNaira services. Users can transfer money between wallets, use ATMs to withdraw cash, and top up their wallets with cashpurchased vouchers. The new service will run on the Bullnet platform. A new large language model called LLaMA was released this week by Meta, the parent company of Facebook, to aid academics with their work on artificial intelligence. Massive artificial intelligence AI systems known as big language models ingest enormous amounts of digital text from news articles, social media posts, and other online sources in order to develop software that can forecast and produce content in response to a prompt or query. Read More..

B2B Tech News | 22 days ago          

LoopMe Announces Senior Team Appointments to Lead APAC Expansion.

Alberico De Nardis has been named head of South East Asia at LoopMe, a major technology business that employs artificial intelligence AI to enhance br

Alberico De Nardis has been named head of South East Asia at LoopMe, a major technology business that employs artificial intelligence AI to enhance brand advertising effectiveness. Bernard Fung has been named head of North APAC. Both appointments follow considerable revenue growth for LoopMe, which saw an increase of 55% globally and a 27% yearoveryear increase in the APAC area. Fung, a LoopMe employee of more than three years, will spearhead the companys growth in the Greater China Region, Japan, and Korea. Both appointments will boost the regions growth and improve the senior staff. Read More..

B2B Tech News | 22 days ago          

A. I. Businesses are working to replace voice actors, and voice actors are assisting them in this effort.

France and Spain will release preliminary inflation figures on Tuesday, Germany on Wednesday, and Italy and the eurozone on Thursday. The European Cen

France and Spain will release preliminary inflation figures on Tuesday, Germany on Wednesday, and Italy and the eurozone on Thursday. The European Central Bank has stated explicitly that it intends to raise interest rates by another 50 basis points in March, though investors are divided on how likely that is. One of the most serious concerns about artificial intelligence has long been that it will eliminate jobs by taking over tasks that people currently perform. The publication spoke with Argentine voice actor Alejandro Graue, who discovered last month that an artificial intelligencegenerated voice had replaced him in a video for a selfimprovement YouTube channel for which he had previously recorded voiceovers. Read More..

B2B Tech News | 22 days 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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