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Innovation in Online Shopping Fidelitys VR Platform and Retail Powerhouses Collaborate

An Australian VR company, Fidelity, founded by Jackson Meyer, is reshaping online shopping through a strategic partnership with prominent retailers, C

An Australian VR company, Fidelity, founded by Jackson Meyer, is reshaping online shopping through a strategic partnership with prominent retailers, Cotton On Group and Linen House. Following a successful capital raise, Fidelity holds a pending patent for their advanced VR shopping platform, positioning them as leaders in Australian tech innovation. They are the first in Australia to introduce an extensive virtual shopping experience, collaborating with top software developers to enhance the shopping experience on personal electronic devices. Emerging during the challenges of the pandemic, Fidelity addresses the growing demand for ecommerce experiences that replicate inperson shopping. Read More..

B2B Tech News | 1 years ago          

Microsoft Commits $100 Million to Fuel Generative AI Adoption Globally, Focusing on Japan

Microsoft and Amazon, two major American IT companies, have turned their attention to the expanding generative AI market in Japan. They are enticing b

Microsoft and Amazon, two major American IT companies, have turned their attention to the expanding generative AI market in Japan. They are enticing businesses to adopt their technologies by offering financial incentives. Microsoft, for instance, has allocated $100 million to support its global corporate clients, with approximately 40 percent of this earmarked for Japanese companies. These funds will be used to assist companies in implementing Microsofts generative AI program, covering expenses related to performance verification. Kimura Yasushi, a representative from Microsoft Japan, stated that the generative AI market is entirely new and holds significant potential in Japan. On the other hand, Amazon is providing a total of $6 million to support Japanese firms in developing their own generative AI programs using Amazons technology as a foundation. Read More..

B2B Tech News | 1 years ago          

Tech Industry Faces Backlash Over Gender Equality Impact of Office Mandates

The decision to scale back on flexible work arrangements in UK technology companies is undermining the strides made in promoting gender equality follo

The decision to scale back on flexible work arrangements in UK technology companies is undermining the strides made in promoting gender equality following the pandemic. A recent survey conducted by digital consultancy Nash Squared, involving 1,185 UK chief technology and information officers between June and September, sheds light on this issue. According to the survey published on Monday, the data reveals a stark contrast in the hiring patterns for women. This shift in hiring practices underscores the profound impact of flexible work policies on gender balance within the tech industry. Its evident that remote work options have become a crucial factor in attracting and retaining female talent, contributing to a more inclusive and diverse workforce. Read More..

B2B Tech News | 1 years ago          

Amazons AIEnhanced Product Images The Secret to Winning Over Holiday Shoppers

Amazons CEO, Andy Jassy, unveiled a holiday ad strategy that centers on Generative AI, leveraging data from their 160+ million Prime subscribers to en

Amazons CEO, Andy Jassy, unveiled a holiday ad strategy that centers on Generative AI, leveraging data from their 160+ million Prime subscribers to enhance ad targeting and promotions. They plan to attract more shoppers and advertisers by using AIdriven ads, fast shipping, and traditional discounts. Jassy emphasizes the importance of informed ad budgeting and highlights how generative AI enhances product images. While Amazon isnt the first to use AI in advertising, its vast scale is expected to drive broader adoption. Analysts anticipate Amazons holiday quarter ad revenue to increase to $14.2 billion from $11.56 billion in 2022, aided by AIgenerated images that encourage hesitant shoppers. Amazon Prime, which costs $14.99 per month or $139 annually, not only improves ad effectiveness but also results in more frequent customer purchases. Read More..

B2B Tech News | 1 years ago          

Portugals Tax Overhaul Sparks Tech Sector Worries

Those who profited from Portugals plan to terminate the advantageous tax regime under the nonhabitual resident NHR legislation for new entrants in 202

Those who profited from Portugals plan to terminate the advantageous tax regime under the nonhabitual resident NHR legislation for new entrants in 2024, particularly in the tech industry, have expressed concerns. The NHR statute made it an appealing location for computer workers by allowing international residents to pay a flat 20% tax on their income for ten years. The Portuguese government intends to replace it with a more focused initiative that emphasises luring in foreign scholars and experts. While others contend that tax incentives are no longer necessary to draw professionals to Portugal, the government attributes the increase in home prices to these kinds of programmes. The ability of the nation to retain and attract people in the tech sector may be impacted by this development. Read More..

B2B Tech News | 1 years ago          

Rights vs. Trade Biden Drops Hammer on African Partners

In response to "gross violations" of human rights or a lack of progress towards democratic governance, U.S. President Joe Biden has announced plans to

In response to "gross violations" of human rights or a lack of progress towards democratic governance, U.S. President Joe Biden has announced plans to remove Uganda, Gabon, Niger, and the Central African Republic CAR from the African Growth and Opportunity Act AGOA, a trade programme between the United States and Africa. Under AGOA, qualifying subSaharan African nations can import more than 1,800 goods into the United States dutyfree. Niger and Gabon—both ruled by the military following coups this year—were declared unsuitable because countries havent made headway in instituting the rule of law and political plurality. Removing Uganda and the Central African Republic is being done because of "gross violations of internationally recognised human rights." Read More..

B2B Tech News | 1 years ago          

South Koreas Exports Rise 5.1%, Breaking YearLong Trend

October saw a 5.1% YoY gain in South Koreas exports at $55.09 billion, the first YoY increase since September 2022. Strong sales to the United States

October saw a 5.1% YoY gain in South Koreas exports at $55.09 billion, the first YoY increase since September 2022. Strong sales to the United States and a gradual improvement in Chinas demand were the main drivers of the increase. The gain, however, fell short of the median 5.5% gain that Reuters polled economists to forecast. Exports to the US increased by 17.3%, while shipments to China decreased by 9.5%, the lowest level in 13 months. Automobile exports increased by 19.8%, continuing a 16month streak of growth, and petroleum product exports increased by 18.0%, reversing a slump of seven straight months. For the fifteenth consecutive month, semiconductor sales decreased nevertheless, Octobers 3.1% decline was the lowest of the run. Read More..

B2B Tech News | 1 years ago          

Debt Overload WeWork Faces Imminent Bankruptcy

The flexible workspace company WeWork intends to file for bankruptcy as soon as next week because of its large debt and losses. The business is having

The flexible workspace company WeWork intends to file for bankruptcy as soon as next week because of its large debt and losses. The business is having trouble paying off almost $13 billion in longterm leases in addition to a hefty debt load. WeWork and its creditors recently reached a deal whereby WeWork will temporarily suspend debt payments as the grace period draws to an end. Its filing for bankruptcy indicates a huge decline for a firm valued at $47 billion in 2019 and a substantial loss for investor SoftBank, who had made large investments. As of June, its net longterm debt was $2.9 billion. WeWork raised doubts earlier this year about its capacity to continue operations after announcing its 2021 IPO at a significantly lower valuation. Read More..

B2B Tech News | 1 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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