Tag: Tech

Italy probes Booking.com for abuse of dominant position
News

Italy probes Booking.com for abuse of dominant position

Italy’s competition watchdog announced on Friday that it has initiated an investigation into Booking.com to determine whether the travel website is exploiting its dominant market position. The watchdog, known as AGCM, expressed concerns regarding Booking.com’s treatment of hotels participating in its Preferred Partner Programme, suggesting that such practices could impede competition in the online hotel […]

Linktree enhances user experience with new features
News

Linktree enhances user experience with new features

The link-in-bio startup, Linktree, has unveiled several new features on Tuesday, aimed at enhancing user experience. These include a featured layout designed to highlight links more effectively, the capability to fetch the latest posts from Instagram, and support for a larger profile picture. The new featured layout offers users the ability to spotlight specific links. […]

Adobe unveils Firefly video model, announces subscription
News

Adobe rolls out Firefly AI to mobile

Adobe is introducing its generative AI technology to mobile devices with the beta release of the new Express app, accessible on both Android and iOS platforms. This move is aimed at providing users with enhanced creative capabilities while on the go. The Firefly GAI features within the app enable users to generate images and manipulate […]

Nikon acquires cinema camera company RED
Tech

Nikon acquires cinema camera company RED

Japanese optics and photographic equipment manufacturer, Nikon has revealed its acquisition of RED, a renowned high-end cinema camera company, in a deal of undisclosed value, The Verge reported. RED is set to become a wholly-owned subsidiary under Nikon’s ownership. Despite the challenges faced by the imaging industry in recent years, Nikon’s move to acquire RED […]

Accenture acquires edtech platform Udacity
News

Accenture acquires edtech platform Udacity

Accenture has announced its acquisition of the learning platform Udacity, signaling a move to develop a learning platform with a specific focus on the growing interest in artificial intelligence. The financial terms of the Udacity acquisition were not disclosed, but Accenture also shared plans for a $1 billion investment in the creation of a technology […]

Gaming platform Electronic Arts lays off staff
Uncategorized

Gaming platform Electronic Arts lays off staff

Electronic Arts on Wednesday announced its intention to trim 5% of its workforce as part of a comprehensive restructuring plan, which will also involve downsizing its real estate holdings. The gaming giant, recognized for titles like “Star Wars Jedi: Survivor,” anticipates facing charges ranging from $125 million to $165 million associated with this strategic move. […]

Uber support Nigerian vehicle-financing startup Moove
Tech

Uber support Nigerian vehicle-financing startup Moove

Uber Technologies Inc. is currently in discussions to support African vehicle-financing startup Moove in a potential funding round reaching up to $100 million, according to a report by Bloomberg. Established in 2020 by British-born Nigerian entrepreneurs Ladi Delano and Jide Odunsi, Moove is a global mobility fintech born in Africa. It specializes in providing revenue-based […]

Nigerian edtech ULesson slashes subscription prices for users
Tech

Nigerian edtech ULesson slashes subscription prices for users

To assist families throughout this “period and beyond,” uLesson, a Nigerian edtech firm, has announced plans to cut educational software subscription prices by 50% “indefinitely.” “These are difficult times for households. @ulessonapp will drop educational software subscription prices by 50% indefinitely to support Nigerian families through this period and beyond. I pray strength and resilience […]

NVIDIA emerges third most valuable company in the US
Tech

NVIDIA emerges third most valuable company in the US

American chipmaker NVIDIA has overtaken Alphabet, Google’s parent company, becoming the third most valuable company in the United States with a valuation of $1.83 trillion, Reuters reported This development follows closely after NVIDIA surpassed Amazon in the rankings. Globally, it stands as the fourth most valuable company, trailing Microsoft ($3.04 trillion), Apple ($2.84 trillion), and […]

Nigerian startup Astrotwig loses $20,000 to scam
Tech

Nigerian startup Astrotwig loses $20,000 to scam

Nigerian platform integrating music streaming with social networking, Astrotwig has alleged a loss of $20,000 to Mr. Simon Tiwari, an angel investor who pledged a convertible loan of $1 million in their pre-seed round. The startup reportedly secured funds through loans from friends and family. Facing the financial setback, Astrotwig initiated a crowdfunding campaign to […]

Grammarly lays off 230 workers globally
Tech

Grammarly lays off 230 workers globally

Grammarly said this week that as part of a “business restructuring,” the company is cutting off 230 workers globally. Grammarly states that the layoffs are a part of their efforts to further their emphasis on “the AI-enabled workplace of the future.” “To arrive at today’s decision, we took a look at our organizational design and […]

Tech

Wattpad lays off staff in restructuring move 

Toronto-based storytelling platform, Wattpad owned by Naver’s Webtoon Entertainment, underwent a recent workforce reduction, cutting approximately 15% of its staff, or around 30 jobs, TechCrunch reported. This move, part of the company’s restructuring plan, aims to trim costs as its LA-based parent company prepares for a potential initial public offering in the U.S. by 2025. […]