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Google Ogles Cloud Extension for Latin America

Google plans to open a new cloud region in Mexico to meet growing global demand for cloud services. This comes a month after the cloud giant pledged t

Google plans to open a new cloud region in Mexico to meet growing global demand for cloud services. This comes a month after the cloud giant pledged to invest $1.2 billion over five years to expand Latin Americas digital infrastructure. Google Cloud says this extension will allow onpremises customers to enjoy the highest standards of low latency and data consistency and residency. López highlighted the companys efforts to improve digital technology and educational opportunities for the Mexican tech industry. CEO Sundar Pichai added that the full adoption of digital technologies is expected to generate an economic impact of approximately $1.37 trillion in the six largest Latin American economies by 2030. Read More..

B2B Tech News | 2 years ago          

€12 million network to develop AIbased robotics in Europe

12.5 million euros. ROBIn projects include DLR and Fraunhofer in Germany, CEA in France, and imec in Belgium with ETH and EPFL in Switzerland. Thirtyo

12.5 million euros. ROBIn projects include DLR and Fraunhofer in Germany, CEA in France, and imec in Belgium with ETH and EPFL in Switzerland. Thirtyone participants from a total of 13 member countries and companies will attend, including Switzerland, Siemens, DHL, and Volkswagen. It currently does not include the UKs Bristol Robotics Laboratory, the largest robotics laboratory in the region. The euro bin project is coordinated by the Mechatronics Robotics Institute at the German Aviation Center, the network is open to the entire robotics community and offers a cascading funding mechanism that can double its membership over the next few years. Read More..

B2B Tech News | 2 years ago          

SMICs 7nm chip sets a wakeup call for the United States

MinerVA Semiconductor has sold a chip that it claims is one of the bestvalued chips for mining Bitcoin and that it utilizes mature foundry technology

MinerVA Semiconductor has sold a chip that it claims is one of the bestvalued chips for mining Bitcoin and that it utilizes mature foundry technology to ensure chip yield, quality, and reliability. The companys directors listed in its registration are Chinese, and the address given for one of them is in Chinas Henan province. SMIC is a target of US technology sanctions aimed at curbing Chinas access to advanced semiconductor technology. TechInsights points out that SMICs process is more complex and costly and probably has lower yields than the EUV lithographybased processes now used by Samsung and TSMC. But SMIC has no choice because the US Commerce Department put it on its Entity List in December 2020. The MinerVA news has had no significant impact on the share price so far. SMIC fabricates a wide range of products for its customers, including power management ICs and microprocessors. 64% of its sales were made in China, 22% in North America, and 14% in Eurasia. Read More..

B2B Tech News | 2 years ago          

Consumer IT spending continues to decline amid fears of a recession in AsiaPacific

The consumer IT spending in the AsiaPacific region is set to further slide in 2023, depending on the severity of the economic slowdown, according to a

The consumer IT spending in the AsiaPacific region is set to further slide in 2023, depending on the severity of the economic slowdown, according to an IDC report. One in two businesses in the region expect inflationdriven IT cost price increases to impact their spending plans for the rest of 2022, says Vinay Gupta, research director, IT Spending Guides , IDC Asia/Pacific. Read More..

B2B Tech News | 2 years ago          

NGX strengthens its efforts to attract young investors

The Nigerian Exchange Limited NGX has vowed to intensify efforts aimed at attracting young investors to the stock market and addressing perennial issu

The Nigerian Exchange Limited NGX has vowed to intensify efforts aimed at attracting young investors to the stock market and addressing perennial issues constituting disincentives to financial technology fintech firms. From 2014 to 2020, for instance, fintech raised about $600 million in funding, attracting 25 percent $122 million of the $491.6 million raised by African tech startups in 2019 second only to Kenya, which attracted $ 149 million.. The Nigerian Stock Exchange NGX has created a board that would focus on how to make the bourse more competitive by looking into the barriers to entry for tech firms. Chief Digital Officer, NGX, Femi Oyenuga said whilst the proliferation of digital assets presents significant challenges to the Nigerian capital market, the NGX takes an interest because proceeds from NFTs can solve climate change issues. The NGX is committed to driving the growth of sustainable financial products by integrating the financial risks and opportunities associated with Read More..

B2B Tech News | 2 years ago          

Great Wrap raises $ 24 million to eliminate plastic waste

Startup materials science Great Wrap has closed its $24 million Series A funding round. A Melbourne company makes a compostable stretch film from food

Startup materials science Great Wrap has closed its $24 million Series A funding round. A Melbourne company makes a compostable stretch film from food waste. The cofounders hope to end the worlds dependence on petroleumbased plastic packaging. It recently expanded to a new 12,000squarefoot facility in Tullamarine. Great Wrap recently moved to a new 12,000m2 factory in Tullamarine, which will produce 30,000 tonnes of the compostable stretch wrap by the end of 2023. The cost of the project was $6.41 million, of which $500,000 was borne by the state treasury. Read More..

B2B Tech News | 2 years ago          

Now ports wants to be an ally in the supply chain for trading in Latam

Alfonso De Los Ríos cofounded digital freight forwarder Nowports with Maximiliano Casal, the companys COO. Nowports recently raised $150 million in a

Alfonso De Los Ríos cofounded digital freight forwarder Nowports with Maximiliano Casal, the companys COO. Nowports recently raised $150 million in a Series C funding round, helping the Monterrey, Mexicobased company reach a $1.1 billion valuation.. The latest funding round propelled Nowports into unicorn status a startup with a value of over $1 billion, helping it become one of the most valuable startups in Mexico. The objective is to streamline the import and export processes of Latin American companies by increasing the visibility of suppliers, shipping lines, end customers, customs brokers and terminals.Nowports has operations in Mexico, Chile, Colombia, Brazil, Peru, Uruguay, and Panama and is looking for opportunities to expand overseas. Mexican financial services company, De Los Ríos, is expanding overseas as part of a larger strategy to increase its presence in North and South America. The companys CEO says there is a trend of companies moving from Asia to Latin America becau Read More..

B2B Tech News | 2 years ago          

The rise in interest rates will be advantageous for European banks.

The US Federal Reserve is expected to raise interest rates by threequarters of a percentage point, as it did last month. The Fed is struggling to calm

The US Federal Reserve is expected to raise interest rates by threequarters of a percentage point, as it did last month. The Fed is struggling to calm inflation without plunging the US economy into a painful recession. European banks are starting to publish their results this week. And FTs Ben Hall spoke to Ukraines finance minister and gives us the highlights of that interview. Credit Suisse is one of the banks weve been focusing on most recently, but well be looking to see if theres any evidence of a recovery from Credit Suisses scandals and missteps. Read More..

B2B Tech News | 2 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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