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Whether or not your AI company is European, make sure it complies with EU data laws.

Data is required for the refinement of most cuttingedge technology, and it will only become more important as we develop more sophisticated AI and ML

Data is required for the refinement of most cuttingedge technology, and it will only become more important as we develop more sophisticated AI and ML models. There are strict regulations around how data can be used, particularly within the EU. These regulations affect AI companies the world over because they restrict how data is moved out of the bloc – to servers in the US, say. Since then, many companies have been involved in legal disputes over how their algorithms work within the confines of EU law. Even if you dont want to do business in Europe, that doesnt mean youll be able to avoid the hand of European law. Hope has arrived in the form of the TransAtlantic Data Privacy Framework but adoption is still some way off. Read More..

B2B Tech News | 3 years ago          

Newsmeter adds that Meta is expanding its thirdparty verification program in India

Meta on Tuesday announced that it is expanding its thirdparty factchecking program in India to include NewsMeter, a fact checker primarily focused on

Meta on Tuesday announced that it is expanding its thirdparty factchecking program in India to include NewsMeter, a fact checker primarily focused on the southern states in the country. The partnership will help connect people to accurate and verified information in regional Indian languages including Telugu, Kannada, Malayalam, and Tamil. Meta has increased its Hindi language coverage from 11 to 15 through its existing validation partners, which include Kashmiri, Bhojpuri, Oriya and Nepali. Read More..

B2B Tech News | 3 years ago          

Small farms in Egypt are very important, but they face many challenges

Despite their crucial role in providing food for the North African nations 103 million people, smallholders are frequently selling their harvests at a

Despite their crucial role in providing food for the North African nations 103 million people, smallholders are frequently selling their harvests at a loss. According to the United Nations, small farms are the primary producers of food for domestic consumption in Egypt. They produce some 47% of Egypts field crops, the FAO calculates. By June, farmers had provided more than 3.5 million tonnes of wheat, over half the domestic supply goal for August, and equal to the total amount supplied in 2021. When things got tough, it went back to compulsory delivery, but this time without the services that came with it, said by Agriculture Minister Abdelhamid Nour. Read More..

B2B Tech News | 3 years ago          

Alibaba is scaling back its global expansion plan to compete with Amazon

Three years ago, Alibaba launched a B2B ecommerce site in the US. The project was also affected by dozens of employees leaving the New York office. Th

Three years ago, Alibaba launched a B2B ecommerce site in the US. The project was also affected by dozens of employees leaving the New York office. The company has now scaled back its goal of hiring 1 million small businesses in the United States to 2,000 a year. According to sources, at least 35 Alibaba.com employees in New York have left the company in the past year. This includes intimidation from upper management and complaints about long working hours. Many roles will not be replaced by platforms quietly exiting the US market. Read More..

B2B Tech News | 3 years ago          

S&P releases risk rating for Australias mortgage insurance sector

S&P Global Ratings has changed its assessment of the Australian mortgage insurance sectors insurance industry and country risk assessment IICRA from i

S&P Global Ratings has changed its assessment of the Australian mortgage insurance sectors insurance industry and country risk assessment IICRA from intermediate to low, as well as from negative to stable. The latest IICRA showed that the risks associated with the slowdown caused by the COVID19 pandemic have decreased for Australian mortgage insurers. It also found that a significant increase in the volume of new home loans resulted in strong underwriting performance across the sector. S&P has upgraded its assessment of the Australian mortgage insurers industry risk to moderately low from severely high, citing low unemployment and solid house price appreciation over the past two years. The move follows S&Ps upgrade of Australias property and casualty P&C insurance sector, which it rates as stable. Read More..

B2B Tech News | 3 years ago          

The growth of tourism in Greece is prompting hotel investors to rethink their investment plans

Despite the pandemic, uncertainty and war in Ukraine, hotel investment flows remain strong. There are already new hotels in Omonia, Syntagma, and Kolo

Despite the pandemic, uncertainty and war in Ukraine, hotel investment flows remain strong. There are already new hotels in Omonia, Syntagma, and Kolonaki. As a sign, the only fivestar aesthetic was designed for the southern part of Athens. Greeces tourism industry wants to beat its 2019 numbers, but interest rates are rising. The rise in the value of money puts pressure on the disposable income of Europeans. Experts say businesses that offer affordable lodging services are more resilient to recessions. Read More..

B2B Tech News | 3 years ago          

South Koreas economy has exceeded growth forecasts

The Korean economy grew 0.7 percent between April and June, up from 0.6 percent in the previous quarter.The biggest surprise was definitely the strong

The Korean economy grew 0.7 percent between April and June, up from 0.6 percent in the previous quarter.The biggest surprise was definitely the strongerthanexpected consumption, CEO Kang said.Mainly because of the reopening,he said. And we expect consumer purchasing power to weaken going forward as fasterthanexpected interest rate increases put significant pressure on debt repayment and consumer spending, and inflation is expected to accelerate this quarter.The war in Ukraine. The easing of social distancing measures has drastically reduced exports and business investment. Read More..

B2B Tech News | 3 years ago          

Cartona, an Egyptian B2B platform, raises $12 million to fund growth

Cartona, a B2B trade market platform, has declared the successful closing of its $12m Series A fundraise. The round was led by Silicon Badia – the v

Cartona, a B2B trade market platform, has declared the successful closing of its $12m Series A fundraise. The round was led by Silicon Badia – the venture capital firm investing in global technology entrepreneurs, with active participation from existing investors. Proceeds will be utilized as turbocharge Cartonas expansion across Egypt – to cover all governorates, grow its product, technology, and services – and explore new verticals beyond FMCG. Silicon Badia has raised $8.5m in Series A funding for Cartona, the first investment of SANAD ESF II in Egypt, continuing the success of ESF I investments made in the country. By providing both financing and software tailored to the market, Cartonas digital platform is supporting innovative MSME retailers across Egypt. There are over 400,000 shops and thousands of international and local brands across Egypt, with the sector growing annually by 8 percent. 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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