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Australian AI Star Appen Reports FirstHalf Loss, Stock Drops

Australias Appen Ltd warned of its first halfyear loss since listing in 2015, sending shares down 29%. The company runs artificial intelligence traini

Australias Appen Ltd warned of its first halfyear loss since listing in 2015, sending shares down 29%. The company runs artificial intelligence training for Facebook, Google, and Amazon. New privacy features in Apple products have reduced the ability of big advertisers including Facebook, to target users. Shares in Canadas Appen fell as much as 29% after the artificial intelligence firm warned of a lowerthanexpected sixmonth profit. The company said it now expects a net loss of $3.8 million in the six months ended June. Visibility of earnings has historically been low and in this environment of weakening global ad spend, it seems likely that visibility has taken a step down, analysts at Jefferies said. Read More..

B2B Tech News | 3 years ago          

Oui Capital, a panAfrican early stage venture capital firm, closes its first second round of funding of $30 million

Oui Capital, a VC firm with importance in Africa with offices in Massachusetts and Lagos, announced today that the first closing of its $30 million se

Oui Capital, a VC firm with importance in Africa with offices in Massachusetts and Lagos, announced today that the first closing of its $30 million second fund had been completed. Eight investments were made by Oui Capital in the previous year, and the company intends to maintain that pace with the launch of this second fund. The company has already completed its first close, which was a little over $11 million, and anticipates finishing the last close by Q4 2022. One of Africas biggest fintech companies is TeamApt in revenue and market cap. When Oui Capital purchased TeamApt Read More..

B2B Tech News | 3 years ago          

Despite disappointing financial results, Pinterest increases its user base and Elliott investment

Pinterest shares jumped on betterthanexpected user numbers, but the company gave weak guidance for the third quarter. In line with trends in the socia

Pinterest shares jumped on betterthanexpected user numbers, but the company gave weak guidance for the third quarter. In line with trends in the social media market, the companys financial situation was grim. Facebook, Twitter, and Snap all reported secondquarter earnings that missed on the top and bottom lines.Pinterest missed analysts sales estimates for the second quarter, and said economic challenges are leading marketers to reel in spending. The company said demand from U.S. stores and midmarket advertisers who have cut back on ad spending was lower than expected. Elliott confirmed it is the companys largest shareholder and said it was pleased with CEO Bill Readys achievements. Read More..

B2B Tech News | 3 years ago          

AAIC 2022 Vivoryan, Anavex and more drive innovation in Alzheimers space

The Alzheimers Association International Conference AAIC in San Diego brings positive news in the field of Alzheimers disease. Vivoryon shared two set

The Alzheimers Association International Conference AAIC in San Diego brings positive news in the field of Alzheimers disease. Vivoryon shared two sets of preclinical data demonstrating the potential of N3pE amyloidtargeted therapeutic strategies in monotherapy and combination therapy for Alzheimers disease. PGlu3Abeta, a toxic form of Abeta, promotes plaque aggregation and metastasis, making it an important therapeutic target. Anavex Life Sciences published the first complete clinical genetic pathway data from the Anavex 273PDD001 Parkinsons disease, dementia PDD study. The randomized placebocontrolled trial included 132 PDD patients with gene expression observed after 14 weeks. Pathway analysis revealed the biological significance of the PDD gene network. This was the first comprehensive transcriptome analysis RNAseq of a therapeutic agent in patients with PDD. Read More..

B2B Tech News | 3 years ago          

After a gas supply disruption, Germany restarts its coalfired power plants

The facility in Lower Saxony has received emergency permission to run until April. It is the first of its kind to be put back onto the network, as deb

The facility in Lower Saxony has received emergency permission to run until April. It is the first of its kind to be put back onto the network, as debate rages over how Europes largest economy will cope without Russian gas. Germany is heavily reliant on Russian gas, and supplies through its largest pipeline are currently at about 20% of expected levels. German Chancellor Angela Merkels energy minister, Barbara Lang, has dismissed as nothing more than nothing more than starting up the nuclear power industry on her watch. Restrictions have been put on the heating of public buildings including swimming pools as well as town halls. The three nuclear plants that remain running supply the equivalent of about 6% of Germanys electricity needs. Read More..

B2B Tech News | 3 years ago          

Asias richest man competes in Indias 5G auction

The Indian government plans to build 5G networks that are up to 10 times faster than 4G. However, only 71% of the 72GHz airspace available during the

The Indian government plans to build 5G networks that are up to 10 times faster than 4G. However, only 71% of the 72GHz airspace available during the sevenday auction period was auctioned. The four companies are offering a total of Rs 1.5 trillion $19 billion for 5G licenses over 20 years. Billionaire Mukesh Ambanis Jio is bidding Rs 881 billion for more than a third of the available spectrum. Sunil Mittalled Bharti Airtel offered Rs 431 billion for a quarter of the spectrum. Vi formerly Vodafone Idea represented almost 9% of the group. Indias longdelayed push into 5G comes as the worlds sixthlargest economy struggles to close the skills gap. The country is second only to China in terms of the number of smartphone users. Read More..

B2B Tech News | 3 years ago          

The Australian watchdog helping Transdev meet the 5G Cradlepoint process

Transdev Sydney Ferries has completed a trial using 5G invehicle offerings, managed by Cradlepoint managed service partner Australian Sentinel. 5G wil

Transdev Sydney Ferries has completed a trial using 5G invehicle offerings, managed by Cradlepoint managed service partner Australian Sentinel. 5G will provide more bandwidth to support the connectivity requirements of modern ships. The high bandwidth of the 5G offering results in clear and accurate images when streaming CCTV footage in realtime. Cradlepoints 5G R1900 router is built specifically for invehicle networks, providing users with greater ruggedness, performance, security, connectivity, and utility in a compact design. Transdevs project needed a rugged solution capable of withstanding heat, cold, salt, and motion, with a durable metal form factor due to the oceanbased environment it would be operating. NetCloud Manager contains prebuilt connectors that share location data and popular fleet management solutions to give customers increased flexibility compared to onesizefitsall approaches. Read More..

B2B Tech News | 3 years ago          

ITC, Zomato and other stocks are in the news today

The market appears to be in a strong position as the benchmark indices extended their strong gains for the third consecutive session.. The BSE Sensex

The market appears to be in a strong position as the benchmark indices extended their strong gains for the third consecutive session.. The BSE Sensex rallied 712 points or 1.25% to 57,570, while the Nifty50 climbed 229 points. Bank of Baroda reported 79.4% yearonyear growth in standalone profit at Rs 2,168 crore for the quarter ended June 2022. Net interest income grew by 26% to Rs 2,751.1 crore YoY during the quarter.Lumify is an overthecounter eye drop used to relieve redness caused by minor eye irritation.. Rain Industries recorded a 184% yearonyear increase in consolidated profit at Rs 668.50 crore for the quarter ended June 2022. 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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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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