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Megvii, a Chinese IT company, creates AI with AI.

According to a recent McKinsey report, there will be tremendous opportunities for AI to develop in new areas in China. As China uses AI as a new engin

According to a recent McKinsey report, there will be tremendous opportunities for AI to develop in new areas in China. As China uses AI as a new engine for economic development, four dragons have emerged to lead the development of domestic AI technology. Megvii is backed by ecommerce giant Alibaba and has four research and development centers in China. Chinese AI hardware and software developers have evolved into creators of intelligent ecosystems. Megvii launched Brain++, an AI productivity platform that helps businesses build their own AI capabilities and deploy custom algorithms at scale. It fully optimizes the countrys vast shipping ecosystem. Read More..

B2B Tech News | 3 years ago          

Car manufacturing is changing how South Africa can regulate to protect workers and jobs

The ongoing industrial revolution is characterized by new work practices, production methods, and technological advancements. Employers in the automot

The ongoing industrial revolution is characterized by new work practices, production methods, and technological advancements. Employers in the automotive assembly sector increased capital expenditures or investments in new production technology after South Africas first democratic elections in 1994, but they also reduced their direct employment. Direct employment in South Africas automotive component manufacturing industry increased from 60,000 workers in 1995 to 80,000 in 2019. However, despite having fewer workers, the assembly sector still produced more cars annually. This demonstrates its capacity to create jobs, which must be maximized in terms of policy direction. Read More..

B2B Tech News | 3 years ago          

AI may transform the industrial industry in SA

South Australian manufacturers already using AI and machine learning say it has improved efficiencies, production, and quality. Theyre calling for mor

South Australian manufacturers already using AI and machine learning say it has improved efficiencies, production, and quality. Theyre calling for more State Government funding and education to increase the uptake of AI by local SME manufacturers. The chief executive of Tillit said bipartisan government support and a heavy marketing focus were needed if SA was to become a longterm player in AI. Robert Spoerne, CEO of Tindo Solar, said that computer vision has been very important since its introduction in quality control. Manufacturer Mawson Lakes produces around 280,000 solar panels annually, with capacity growing by around 60,000 annually. Computer vision can quickly identify dead solar cells before panel assembly, saving time and money. He says the State Government needs to provide better messaging about AIs benefits and more funding. Read More..

B2B Tech News | 3 years ago          

Elon Musk claims that Tesla has produced over 3 million vehicles

Tesla CEO Elon Musk tweets that Teslas Shanghai factory has made one million cars. The milestone comes after months of lockdowns and parts shortages i

Tesla CEO Elon Musk tweets that Teslas Shanghai factory has made one million cars. The milestone comes after months of lockdowns and parts shortages in China that threatened Teslas vehicle production. In July, Tesla said it delivered 254,695 vehicles in the second quarter, a 26.5% rise yearoveryear. But the milestone also highlights how small Tesla is compared to automotive giants such as Toyota. Congrats, Giga Shanghai on making the millionth car. Read More..

B2B Tech News | 3 years ago          

NEC supports Society 5.0 in Asia and uses Stratus to boost computing and storage

NEC is teaming up with Stratus in the Asia Pacific to deliver computing solutions that enable a humancentric, inclusive, and sustainable future, known

NEC is teaming up with Stratus in the Asia Pacific to deliver computing solutions that enable a humancentric, inclusive, and sustainable future, known as Society 5.0. The regional alliance will bring together Stratus ftServer and ztC Edge compute platforms with NEC expertise in backup and application redundancy. Both parties aim to strengthen joint positions as key providers of seamless, endtoend digitalization solutions across India, Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.NEC has partnered with Stratus, a global provider of faulttolerant data centers and edge computing systems, to deliver digital infrastructure solutions for enterprises in the Asia Pacific. The partnership aims to futureproof their customers in the area of digital infrastructure as part of what they call Society 5.0. Use cases include IT systems that perform payment transactions or operations technology systems at the edge that run smart factories and transportation systems. Read More..

B2B Tech News | 3 years ago          

Alvotech to Report First Six Months and Second Quarter 2022 Financial Results on August 31, 2022 and Host Business Update Conference Call at 800 am ET on September 1, 2022

Alvotech is a global biotech company NASDAQ ALVO that specializes in the development and production of biosimilar medicines for patients all over the

Alvotech is a global biotech company NASDAQ ALVO that specializes in the development and production of biosimilar medicines for patients all over the world. Following the close of the U.S. stock market on August 31, 2022, Alvotech will announce its financial results for the first half and second quarter of 2022. On September 1, 2022, at 800 am ET, the company will hold a conference call and live webcast to provide an update on its business noon GMT. Read More..

B2B Tech News | 3 years ago          

Take App, a Singaporean startup that enables retailers to sell via WhatsApp, receives investment from Meta

Take App was founded by former Facebook engineering manager Youmin Kim, who left the social network last year to focus on the product for Southeast As

Take App was founded by former Facebook engineering manager Youmin Kim, who left the social network last year to focus on the product for Southeast Asia. The company is looking to help businesses drive repeat custom through maintaining a database, with support for sending newsletters. The companys founder says its unique selling point is that it lets merchants keep direct WhatsApp conversations with customers. Blackstone will now enter a market where it will compete against big players like Hercules Capital and Silver Lake in lending capital. Meta Platforms Inc. is the parent company of WhatsApp.The company behind Facebook, Instagram, Messenger, and WhatsApp.Take App is an easy way for unskilled people to create a simple website that connects directly to WhatsApp to facilitate online ordering, completing shopping carts, completing payments, and managing and tracking final orders. Read More..

B2B Tech News | 3 years ago          

Insurer deepens market penetration through digital channels

To increase insurance penetration, generate wealth, and promote economic growth, Lifeguard Microinsurance will offer seamless insurance risks to the u

To increase insurance penetration, generate wealth, and promote economic growth, Lifeguard Microinsurance will offer seamless insurance risks to the underserved and unreached population. Less than 1% of people in the population use this sector. Adeyinka Oyekunle, the managing director and chief executive officer, made this statement at a media briefing in Lagos. As less than 1% of the population currently patronizes the sector, these are required to draw more Nigerians to it. Read More..

B2B Tech News | 3 years ago          



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