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Indias Vedanta and Foxconn select $20 billion technology site

According to sources cited by Nikkei Asia, the Indian metals conglomerate Vedanta is close to deciding on a location for a massive $20 billion tech hu

According to sources cited by Nikkei Asia, the Indian metals conglomerate Vedanta is close to deciding on a location for a massive $20 billion tech hub that will produce microchips, displays, and other goods. Vedanta will partner with Taiwanese electronics giant Foxconn to reduce supply disruptions abroad. According to two people with firsthand knowledge of the situation, representatives from Vedanta, which is expanding beyond its core commodity business, have been touring a 400acre 160hectare site in Pune in the western state of Maharashtra that is a leading candidate to house the hub. Other potential locations are said to be in the southern state of Karnataka and the neighboring states of Gujarat. Read More..

B2B Tech News | 3 years ago          

Google fined $60 million for misleading Australians about location data collection

Google has agreed to pay a $60 million fine to an Australian competition watchdog over a longrunning lawsuit alleging it misled users into collecting

Google has agreed to pay a $60 million fine to an Australian competition watchdog over a longrunning lawsuit alleging it misled users into collecting personal location data. Last April, a federal court ruled that Google violated consumer protection law by misleading some local users that it did not collect personal location information through mobile devices running the Android operating system. If the users location history was set to off, it was clear that Google was still collecting and accessing location data when Internet and app activity was on and one of the apps was in use. The company was also found to have violated two other consumer laws related to misleading claims and misleading claims about the performance characteristics of the service. Read More..

B2B Tech News | 3 years ago          

The companys ecommerce operation expanded in Q2 as Jumias shares increased

African ecommerce giant Jumia announced its secondquarter earnings today. The companys performance indicators showed doubledigit yearoveryear growth i

African ecommerce giant Jumia announced its secondquarter earnings today. The companys performance indicators showed doubledigit yearoveryear growth in active users, orders, GMV, and revenue. Its shares climbed more than 15% in early trading after the results were released. Jumias adjusted EBITDA losses grew last quarter compared to the yearago period up 37.4% and Q1 2022. In the first half of the year, this figure was $112.5 million. The company plans to cut spending and reduce its adjusted EBTDA loss to between $87 million and $107 million in the second half of 2022. If achieved, Jumia will be able to meet its expectation of losing not more than $220 million this year. Jumias marketplace KPIs detailed some upbeat news for the company. In terms of category trends, everyday categories accounted for 66% of the companys GMV compared to 34% for phones and electronics Read More..

B2B Tech News | 3 years ago          

Latin America now receives GSBNs Cargo Release

COSCO SHIPPING Lines, OOCL, and global port operator Hutchison Ports are among the companies involved in the rollout of Cargo Release. Due to their pr

COSCO SHIPPING Lines, OOCL, and global port operator Hutchison Ports are among the companies involved in the rollout of Cargo Release. Due to their proximity to North and Latin American markets, Mexico and Panama are strategically important ports for global trade.GSBN is an independent, nonprofit technology consortium developing a blockchainenabled operating system designed to redefine global business. We are pleased to see Commodity Release spread its wings around the world after its initial success in China a year ago, said Zhang Xi, general manager of COSCO Shipping Lines Latin America/Africa business. the first hour. Read More..

B2B Tech News | 3 years ago          

Magnis Energy Technologies begins commercial production at its lithiumion battery plant in New York

Magnis Energy Technologies Limited ASX MNS, OTCQX MNSEF has entered commercial production at its New York iM3NY lithiumion battery plant in Endicott,

Magnis Energy Technologies Limited ASX MNS, OTCQX MNSEF has entered commercial production at its New York iM3NY lithiumion battery plant in Endicott, New York. The company is currently expanding its production capacity to meet the enormous demand for lithiumion batteries in North America. Measuring an annual production rate of 1.8 GWh of battery cells, production is expected to increase to 15,000 cells per day by next month. iM3NY, North Americas only green lithiumion battery factory, has begun commercial production. Before sale, Magnis Energy will test the first weeks of manufacture to ensure quality, with first revenues expected at the end of September. By 2030, the company plans to increase the annual capacity of the power plant to 38 GWh. Read More..

B2B Tech News | 3 years ago          

Health technology startups in Germany are driving innovation

The healthcare/life sciences HCD industry is a focus for the EU and Germany. Ada Health is a digital health company that uses an AIpowered platform to

The healthcare/life sciences HCD industry is a focus for the EU and Germany. Ada Health is a digital health company that uses an AIpowered platform to diagnose symptoms and provide treatment recommendations. Cara Care has already helped more than 700,000 patients worldwide with softwarebased medical devices. Mica helps patients with chronic digestive conditions live better lives with supplementbased therapy. Gandolf Finke and Jan Rao founded Mica in Berlin, Germany. Mika is a digital platform that empowers people with cancer. Avi Medical uses datadriven medicine to provide an efficient and modern experience for patients and healthcare professionals. FORMEL Skin offers effective medical and scientific solutions. Read More..

B2B Tech News | 3 years ago          

The $95M financing at AI pharma company Insilico is powered by Aramcos Prosperity7

Insilico has raised $35 million on the heels of its last tranche in June. Prosperity7, the venture capital arm of Saudi Arabias state oil company Aram

Insilico has raised $35 million on the heels of its last tranche in June. Prosperity7, the venture capital arm of Saudi Arabias state oil company Aramco, led the investment. The new round was oversubscribed, CEO Alex Zhavoronkov told TechCrunch. The firms R&D and drug discovery operations are largely done in China, with manufacturing in the U.S.The firm uses machine learning to identify potential drug targets and eventually create the drug. Other investors include Warburg Pincus, B Capital Group, and other financial and strategic investors. The firms new dualCEO structure allows it to focus on both its drug discovery and AI platform. Read More..

B2B Tech News | 3 years ago          

Google opposes Facebookbacked proposal to set up selfregulatory organization in India

The proposal is supported by Facebook and Twitter, but Google has serious reservations about creating a selfregulatory body to allow Indias social med

The proposal is supported by Facebook and Twitter, but Google has serious reservations about creating a selfregulatory body to allow Indias social media industry to hear user complaints, a source familiar with the discussion told Reuters. India said in June it proposed appointing a government committee to hear user complaints about content arbitration decisions, but said it was open to the idea of ​​selfregulatory bodies if the industry was willing to do so. Twitter faced backlash after it blocked the accounts of politicians and other influential Indians for policy violations.Twitter also severed ties with the Indian government last year after it refused to fully comply with an order to delete accounts it suspected of spreading misinformation. Western tech giants have been feuding with the Indian government for years, arguing that tighter regulations will hurt their businesses and investment plans. Read More..

B2B Tech News | 3 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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