5 major tech companies that announced massive layoffs for 2022
Like most businesses, technology companies have been affected by the global economic crisis this year, which many experts attribute to the impact of COVID 19 and the Russian-Ukraine war. This has resulted in significant industry-wide layoffs, with 1138 tech companies globally firing 182,605 employees as…
General Motors wants the U.S. Treasury to reconsider tax credits for the Cadillac Lyriq EV
General Motors stated on Friday that it wants the U.S. to approve federal tax credits for the electric Cadillac Lyriq. Treasury to reconsider how it classifies the vehicle. The Lyriq cannot be purchased for more than $55,000 at retail in order to be eligible for…
The United States and Japan agree to expand their cybersecurity cooperation
According to the U.S. Department of Homeland Security, the United States and Japan signed an updated memorandum of cooperation on cybersecurity on Friday to improve operational collaboration. Alejandro Mayorkas, the secretary of homeland security for the United States, and Yasutoshi Nishimura, the minister of economy,…
Microsoft intends to develop an AI-powered version of Bing
The Information, citing two sources with direct knowledge of the plans, reported on Tuesday that Microsoft Corp. is preparing to launch a version of its search engine Bing that will make use of the AI that powers ChatGPT, a chatbot developed by OpenAI. Microsoft may…
Apple will contract with Luxshare to produce iPhones in China – FT
The Financial Times reported on Wednesday that Apple Inc. is planning to hire Chinese contract manufacturer Luxshare Precision Industry Co Ltd (002475.SZ) to produce premium iPhone models. In order to make up for lost production at Foxconn’s Zhengzhou factory last year, Luxshare has been producing…
World Bank supports Kenya in its effort to become the technological hub of Africa
The World Bank has decided to support Kenya in additional digitization projects in light of the news that Kenya intends to digitize all of its official records. Kenya’s digital transformation will be accelerated with the help of Sh1.5 billion from the World Bank. The Kenyan…
How technology is influencing financial future
From the invention of the abacus to simplify financial calculations to the enormous supercomputers that power complex financial models today, technology and finance have always been intertwined. This merger gave rise to the fintech industry, and as a result, most financial transactions are now made…
Nigerian teenagers create an app to spread awareness of climate change
Three teenagers from Nigeria created an app that they believe will aid in the fight against climate change. The group developed “EarthExp,” which combines environmental trend information with social networking and games. Users build cities, but they must take into account potential environmental impacts as…
Cost reduction for prosthetics using 3D technology
According to a study published in the African Journal of Disability, 65 million people worldwide have had limbs amputated. Amputee care is a service that most South Africans cannot afford. Prosthetics can cost anywhere between $20,000 and $100,000 USD. Sibongile Mongadi founded Ukuhamba Prosthetics, a…
Elon Musk denies claims that he will fire Twitter employees to avoid paying out
Elon Musk has denied a New York Times report that he intends to lay off Twitter employees before the start of next month in order to avoid making payouts. In response to a Twitter user who inquired about the report, he stated, “This is false.”…