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AppLovin Makes a $17.5 Billion Offer to Purchase Video Game Software Developer Unity

AppLovin Corp on Tuesday made an offer to acquire Unity Software Inc in a stock deal for $17.54 billion. The company reported $297 million in quarterl

AppLovin Corp on Tuesday made an offer to acquire Unity Software Inc in a stock deal for $17.54 billion. The company reported $297 million in quarterly revenue on Tuesday, growing 9% yearoveryear, while its operating loss widened. It comes as game developers and console makers warn of a slowdown in the sector as decadeshigh inflation and easing of COVID19 restrictions lead gamers to pick outdoor activities. AppLovin is offering $58.85 per Unity share, representing an 18% premium to Unitys closing price on Monday. Unity announced last month that it would acquire IronSource in a $4.4 billion stock deal. Read More..

B2B Tech News | 3 years ago

Asian stocks are ahead of US inflation

Asian stocks are ahead of Wall Street ahead of US inflation data. Traders worry that pressure will be felt on prices as the central bank becomes more

Asian stocks are ahead of Wall Street ahead of US inflation data. Traders worry that pressure will be felt on prices as the central bank becomes more aggressive in reducing interest rates. This year, the central bank has raised rates four times, including twice by 0.75 percent. Investors fear that efforts by the Federal Reserve and other central banks to reduce inflation could derail global economic growth. Chipmaker Micron has warned that earnings will be lower than forecasts, leading to a decline in chipmakers. Shares of the Norwegian Cruise Line fell 10.6 percent after disappointing results and a weak earnings forecast. Read More..

B2B Tech News | 3 years ago

Global food inflation is easing, but food uncertainties are holding back the broader easing

Due to drought, flooding, and extreme heat, supplies are limited and prices are high. On Friday, the US Department of Agriculture is expected to lower

Due to drought, flooding, and extreme heat, supplies are limited and prices are high. On Friday, the US Department of Agriculture is expected to lower its forecast for the US crop this year. The intense heat in Europe may cause a 5% decrease in the grain harvest for the European Union. In 2021–2022, the production of corn and soybeans worldwide fell 45 million tonnes short of initial projections. US The countrys largest wintersown crop withered in March as temperatures soared to the highest ever for the month on record going back to 1901. For a second day on Wednesday, Chicago soybean futures prices increased above $17 per bushel. Following the invasion, Chicago soybean futures rose above $17 per bushel. On Wednesday, they advanced for a second day, gaining 0.2% to $14.3125. Read More..

B2B Tech News | 3 years ago

A promising start for Australias newest supercomputer

Soon after the first phases of the computer system were made available to researchers, Australias newest supercomputer, Setonix, was able to take extr

Soon after the first phases of the computer system were made available to researchers, Australias newest supercomputer, Setonix, was able to take extremely detailed pictures of the supernova remnant. The highspeed fiber was used to send this data to Perths Pawsey Supercomputing Research Center. Setonix, which takes its name from Western Australias beloved quokka Setonix brachyurus, is an important part of the Pawsey Centres $70 million capital improvement project. Two steps are taken to install the new supercomputer. Phase 2 is anticipated to be finished later this year, while Phase 1 is going well. The data gathered by ASKAP.Dr. is processed by Setonix. Read More..

B2B Tech News | 3 years ago

Convertedin, an Egyptian startup that has raised $3 million and serves MENA and Latin American ecommerce brands

Convertedin, an Egyptian startup that operates a marketing operating system for ecommerce brands, has raised $3 million in a seed round led by Merak C

Convertedin, an Egyptian startup that operates a marketing operating system for ecommerce brands, has raised $3 million in a seed round led by Merak Capital. The company plans to utilize the funds for strategic hiring and further development of its platform. CEO Mohamed Fergany argues that though online brands use CRM software to gather data, they do not utilize most of it. Thus, it changes the solution where they can better use their data. SMB E Commercial Marketers who use your platform changes to increase your revenue 2 times and reduce customer purchase costs by 40%. However, the company collaborates with media shopping and advertising agencies with more than 100 local and international partnerships throughout East and South America. Convertedin plans to offer its services in Portuguese in addition to English and Arabic to brands in Brazil and other markets in South America, Mexico. The threeyearold company is headquartered in Egypt and also has offices in Saudi Arabia and Brazil Read More..

B2B Tech News | 3 years ago

Google adds 3 cloud regions in Asia Pacific

In addition to the 11 regions Google already has, Google is adding three more cloud regions in the Asia Pacific region, Google Cloud Vice President, A

In addition to the 11 regions Google already has, Google is adding three more cloud regions in the Asia Pacific region, Google Cloud Vice President, Asia Pacific Karan Bajwa said in a blog post. Bajwa added that three new locations will be in Malaysia, Thailand, and New Zealand, adding to the six announced locations in Berlin, Dammam Saudi Arabia, Doha, Mexico, Tel Aviv, and Perth. The launch of this new region will join the 34 cloud regions operating globally, including 11 regions in the Asia Pacific region, offering highquality services running on the cleanest cloud in the industry, said Bajwa. Google is far behind Amazons cloud services and Microsofts Azure in terms of global cloud market share. The blog post, as expected, quotes many companies praising Googles cloud services. Read More..

B2B Tech News | 3 years ago

Bugs in the Mitsubishi industrial controller software that were inherited from OpenSSL

Mitsubishi Electrics worldwide industrial control software is vulnerable to a critical OpenSSL vulnerability discovered earlier this year. The company

Mitsubishi Electrics worldwide industrial control software is vulnerable to a critical OpenSSL vulnerability discovered earlier this year. The companys GT SoftGOT2000 software emulates the companys GOT controllers on PCs, offering control over everything from PLCs to industrial robots. The software is vulnerable to the controversial instruction injection bug CVE20221292. One of the bugs was discovered by Google researcher Tavis Ormandy in February the other is an infinite loop denialofservice bug. Read More..

B2B Tech News | 3 years ago

How to market research studies in the telecom sector

Telecommunications sector research should be commercialized to enhance originality and acceptability, the Nigerian Communications Commission NCC has s

Telecommunications sector research should be commercialized to enhance originality and acceptability, the Nigerian Communications Commission NCC has said. This was part of discussions held at a roundtable organized by the NCC with academia, industry, and other stakeholders in the Southern Region. The event was on the theme The Path from Innovative Research to Commercialisation of Viable Prototypes. Valentine Ozigbo, the immediate past President and Group CEO of Transnational Corporation of Nigeria Plc Transcorp, stressed that innovation is the search for new solutions to pressing problems. Nigeria needs a radical innovation approach that involves original thinking and solving the worlds biggest problems, says National Communications Commission NCC Executive Vice Chairman, Prof. Umar Danbatta. Ozigbo said it is advisable to seal the protection of your ideas via patenting, trademarking, and intellectual property registrations. According to him, an initial feasibility study would also sup 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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