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AIpowered human communication provider Jaid raises £3m

Jaid, situated in London, has raised £3 million in a seed round. Businesses can use the firms AI as a Service products to automate a number of use ca

Jaid, situated in London, has raised £3 million in a seed round. Businesses can use the firms AI as a Service products to automate a number of use cases. The investment aims to broaden Jaids offering and market reach as it expands into the United States, Europe, and now Asia. , and were going to do it. Client service automation, sales automation, payment exception processing, and claims administration processing are among Jaids AIaaS use cases. Clients of the startup include ClearBank, Syndio, Calastone, and Legal & General. Read More..

B2B Tech News | 2 years ago          

AI annotator Appen steps down from longtime CEO

Appen ASX APX, an artificial intelligence data sourcer and organiser, has announced a new direction following the surprise resignation of longtime CEO

Appen ASX APX, an artificial intelligence data sourcer and organiser, has announced a new direction following the surprise resignation of longtime CEO Mark Brayan. Appens stock plummeted from highs of more than $40 in 2020 to a fiveyear low of $2.38 last month. Appens annualised revenue has increased by 40% since 2016, with sales in China increasing by 422% in FY21. Brayan oversaw a revenue increase from over US$60 million $87.86 million in 2015 to more than US$447 million $654.5 million last fiscal year. Sean Carithers, a Silicon Valley transformation specialist, was revealed as Sharkeys replacement in November, at the same time Mini Peiris joined the board. Read More..

B2B Tech News | 2 years ago          

SG Website Builder Raises $9M in Series A Funding

Plugo, a Singaporebased website development platform, has raised $9 million in a series A round of funding. Altos Ventures led the fundraising round,

Plugo, a Singaporebased website development platform, has raised $9 million in a series A round of funding. Altos Ventures led the fundraising round, with BonAngels Venture Partners and Access Ventures also participating. Plugo, which was founded earlier this year, allows Indonesian sellers to create their own online stores by integrating payment, logistics, and marketing services. The platform is currently in closed beta and will be available to the general public early next year. It intends to use the new funds for product development and recruiting. KyungMin Bang launched the company after cofounding CodeBrick, a South Korean corporation that ran a comparable service in Indonesia called TokoTalk. Read More..

B2B Tech News | 2 years ago          

Giskard raises €1.5M to help keep quality in AI industry

Giskard is a Parisbased software company that specialises in artificial intelligence quality. Over 2,000 accidents involving Artificial Intelligence A

Giskard is a Parisbased software company that specialises in artificial intelligence quality. Over 2,000 accidents involving Artificial Intelligence AI models have been recorded on the AI Incident Database since 2019. Elaia led Giskards €1.5 million round, which also included Bessemer Venture Partners and wellknown angels. The companys AI Inspect software aids in the visualisation and explanation of AI models in order to detect flaws and biases, making the AI development process more efficient. Giskards AI Test solution enables the creation of automated tests on AI models in order to assess essential quality criteria such as ethics, robustness, and efficiency. Read More..

B2B Tech News | 2 years ago          

Energy Price Relief Act Passed by Congress

The Australian Government has taken steps to improve energy affordability, including interim price restrictions and ceilings on domestic gas and coal,

The Australian Government has taken steps to improve energy affordability, including interim price restrictions and ceilings on domestic gas and coal, as well as $1.5 billion in targeted bill assistance for the most vulnerable businesses and people. The Energy Price Relief bill passed the upper chamber of Parliament late this afternoon with 28 votes in favour and 22 against, after passing the lower house 8541. Prime Minister Anthony Albanese described the law as essential and urgent in order to promote industry, business, manufacturing, jobs, and families. The first of the four key measures is a 12month interim price ceiling on uncontracted gas at $12 per gigajoule GJ. Read More..

B2B Tech News | 2 years ago          

US, Benin and Niger Sign His $504M Regional Investment

The US, Benin, and Niger governments signed the $504 million BeninNiger Regional Transport Compact today. The agreement was signed by Secretary of Sta

The US, Benin, and Niger governments signed the $504 million BeninNiger Regional Transport Compact today. The agreement was signed by Secretary of State Antony Blinken, Benins President Patrice Talon, and Nigers President Mohamed Bazoum. The agreement is an important step toward advancing twoway trade between the United States and West Africa. The BeninNiger Regional Transport Compact aims to cut transportation costs in the corridor connecting Benins Port of Cotonou and Niamey, Nigers capital city. MCC will put $202 million into Benin and $302 million into Niger. A total of 1.2 million people are expected to benefit from the regional investment. Read More..

B2B Tech News | 2 years ago          

Indonesian D2C beauty brand goes international

While it is best recognised as an ecommerce company, it has also pursued an offline approach, opening multiple storefronts in Indonesian cities. Socio

While it is best recognised as an ecommerce company, it has also pursued an offline approach, opening multiple storefronts in Indonesian cities. Sociolla has since used the similar strategy in Vietnam, its first international market. More than that, it has brought with it a couple of Indonesian beauty brands. However, having a retail partner is not the only way to expand internationally. Meanwhile, in this weeks Hot Take, I look at the expansion of Blibli subsidiary Tiket.com into Malaysia. Read More..

B2B Tech News | 2 years ago          

Rivian is pausing plans to make electric vans in Europe with MercedesBenz

On Monday, Rivian announced that it was postponing its intentions to produce electric commercial vans in Europe and that it would no longer pursue i

On Monday, Rivian announced that it was postponing its intentions to produce electric commercial vans in Europe and that it would no longer pursue its threemonthold deal with MercedesBenz. The Memorandum of Understanding we signed earlier this year for the joint manufacturing of electric vans in Europe has been put on hold, according to Rivian CEO RJ Scaringe, who also noted that the company was aiming for the best riskadjusted returns on its capital investments. The American producer of electric vehicles stated that at a more suitable time for Rivian, it is still open to exploring potential future collaboration with MercedesBenz. Read More..

B2B Tech News | 2 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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