Tech and Innovation

Apple has recently alerted iPhone users across 98 countries about potential mercenary spyware attacks, marking its second warning campaign this year after a similar notification in April reached users in 92 nations. Since 2021, Apple has been issuing these threat notifications to users in over 150 countries, as noted in...

European hardware deep tech teams now have a valuable resource akin to Point Nine's renowned SaaS Funding Napkin. This innovative tool, the Deep Tech Hardware Napkin, has been introduced by First Momentum, a pre-seed fund specializing in technical B2B and deep tech startups. The German VC firm aims to democratize...

Bitfarms has announced the appointment of Ben Gagnon as its new Chief Executive Officer, signaling a strategic shift aimed at diversifying its operations beyond Bitcoin mining. Previously serving as Chief Mining Officer, Gagnon has been instrumental in Bitfarms' ascent within the Bitcoin mining sector. With his comprehensive experience, he is...

A recent report revealed that 45% of businesses have aimed to reduce staff and labor through new task automation processes since January 2022. Additionally, 85% of these businesses cited improving speed and quality of output as their primary goal. The potential of AI tools continues to be explored, but their...

South Korea's SK Hynix, the world's second-largest memory chip maker, plans to invest about $75 billion by 2028 to enhance its semiconductor business with a strong emphasis on artificial intelligence, according to a Sunday announcement from its parent company, SK Group. SK Group also aims to secure approximately $58 billion...

India is rapidly closing the gap with China and Vietnam in the realm of mobile phone exports. While China still leads, India is making significant strides. Chinese exports declined by 2.8% to $132.5 billion in FY24, and Vietnam experienced a more substantial drop of 17.6% to $26.27 billion. In contrast,...

The International Data Corporation (IDC) reported that the global AI software market, valued at $64 billion in 2022, is expected to grow at a compound annual growth rate (CAGR) of 31.4%, reaching $251 billion by 2027. Additionally, global AI market revenues are projected to grow at a CAGR of 19%,...

Artificial intelligence (AI) is often hailed as a remedy for numerous challenges in Africa. In Togo, AI assists in directing social funds to the poorest regions, while in Zambia, it helps combat misinformation during elections. However, as with any 'silver bullet' technology, solving one issue with AI can inadvertently create...

In December 2023, UBS researchers released a report detailing enterprise AI spending plans based on a survey of IT executives from around 130 organizations. The survey covered various AI components, including chips, models, cloud infrastructure, data, security, and application software. After more than six months, UBS has updated its findings,...

A recent study by the Hospitality Women's Innovation Council (WIC), comprising hotel brand executives, managers, and innovators, reveals a significant gap in the current hotel technology landscape. Only 20% of hotel professionals feel that their existing tech infrastructure is adequate for achieving efficiency, cost savings, and providing optimal guest care....