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Ford, Argo AI, backed by VW, fires 150 workers, delays hiring

Argo AI has laid off about 150 people and slowed the pace of hiring, sources say. The Pittsburghbased startup is backed by Ford and Volkswagen. The la

Argo AI has laid off about 150 people and slowed the pace of hiring, sources say. The Pittsburghbased startup is backed by Ford and Volkswagen. The layoffs were widespread, affecting digital media and communications employees as well as members of its operations teams. It is the latest tech company to reduce its workforce as recession fears grow. The company is still hiring and has dozens of engineering, legal, program management, and fleet operations positions open. Argo began selfdriving in Miami and Austin in May 2022. Read More..

B2B Tech News | 3 years ago          

Germany will provide a financial aid of 2 billion euros to the gas importer VNG

The German government wants to provide financial assistance of up to 2 billion euros to gas importer Verbundnetz Gas Agbo VNGn. The move is part of th

The German government wants to provide financial assistance of up to 2 billion euros to gas importer Verbundnetz Gas Agbo VNGn. The move is part of the governments plan to avoid an energy crisis amid fears of fuel shortages and rising kerosene prices. Germany is facing a scarcity of energy as supplies from Russia fall or nonRussian gas prices increase. Earlier this week, VNG and Norwegian Equinor agreed to expand their existing partnership for natural gas in new areas of lowcarbon hydrogen and ammonia, capture, capture, and marine storage of CO₂ CCU and CCS. Read More..

B2B Tech News | 3 years ago          

Powerful Technology Market for Telecommunication Networks Will Grow By 31.20% CAGR By 2028

The global Telecom Network Energy Technology Market size was estimated at US$4301.90 million in 2021 and is projected to reach US$28790.00 million by

The global Telecom Network Energy Technology Market size was estimated at US$4301.90 million in 2021 and is projected to reach US$28790.00 million by 2028, growing at a CAGR of 31.20 % over the forecast period. The report structure also focuses on the competitive landscape of the market. This report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players. Read More..

B2B Tech News | 3 years ago          

Russian operating system manufacturer Astra Linux plans IPO in Moscow Vedomosti

CEO Ilya Sivtsev declined to disclose the program, amount, or terms. Raiffeisenbank expert Sergey Libin estimated the price of Astra at 1015 billio

CEO Ilya Sivtsev declined to disclose the program, amount, or terms. Raiffeisenbank expert Sergey Libin estimated the price of Astra at 1015 billion rubles. The flight of Western companies and businesses from Russia has put particular pressure on imports. Astra Linux writes on its website Our mission is to ensure technological sovereignty and Russias leader in the global IT industry by creating core technologies and specially adapted software. IPO activity in Russia has increased in 2021, with at least 10 companies planning to go public in 2022 before Moscow sends troops to Ukraine on February 24th. Read More..

B2B Tech News | 3 years ago          

AHPC statement on the COVID19 winter update and ongoing health protection measures to support our community

The AHPPC is warning of a new wave of infections driven by the BA.4/BA.5 Omicron subvariants. This wave will lead to a significant increase in infecti

The AHPPC is warning of a new wave of infections driven by the BA.4/BA.5 Omicron subvariants. This wave will lead to a significant increase in infections, hospitalizations, and, unfortunately, deaths, at a time when our communities and our health systems are already under pressure. Vaccination remains the most important protection against serious illness. Now is the time for all of us to take action to protect ourselves, our loved ones, the healthcare system, those most at risk, and the community at large. Read More..

B2B Tech News | 3 years ago          

Starlink on your yacht

SpaceX has launched a yachtfocused subbrand of its satellite internet service called Starlink Maritime. The company claims it can provide speeds of up

SpaceX has launched a yachtfocused subbrand of its satellite internet service called Starlink Maritime. The company claims it can provide speeds of up to 350 Mbps, but with a monthly price of $5,000 and a onetime hardware fee of $10,000 for the dual terminals youll need. Currently, their coverage area is limited to coastal waters in North America primarily the U.S. and Europe, Australia, New Zealand, Brazil, and Chile. Read More..

B2B Tech News | 3 years ago          

FG reviews currency policy to curb inflation President of NBCC

Nigerias Monetary Policy Committee MPC has raised rates by 0.25 percent to contain inflation, control the money supply, and prevent capital flow rever

Nigerias Monetary Policy Committee MPC has raised rates by 0.25 percent to contain inflation, control the money supply, and prevent capital flow reversal and further depreciation of the Naira. The impacts for businesses, however, are that cost of funds would be higher as banks would reprice existing loans to reflect the change in the base rate. Since lending to the private sector may contract, we are not optimistic about the Purchasing Managers Index data for the next few months. The NBCC says the government must review the 41item FX restriction list and reduce borrowing from the Central Bank of Nigeria CBN to contain inflation. Read More..

B2B Tech News | 3 years ago          

South Korea is allocating $ 625 million to beat extraordinary inflation

The abolition of tariffs on some food imports and greater social assistance for lowincome workers are just two of the steps the administration outline

The abolition of tariffs on some food imports and greater social assistance for lowincome workers are just two of the steps the administration outlined to help lower peoples living expenses. According to Park SangHyun, an economist, at HI Investment & Securities, next week the central bank is expected to raise interest rates by 50 basis points. While President Yoon, who took office two months ago, battles declining support, inflation has primarily sprung from abroad in a nation that mainly imports food, oil, and industrial goods. 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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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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