- Global PC shipments in Q4 2022 declined by 28.5% from the same period in 2021, according to data from Gartner, marking the largest quarterly shipment decline since Gartner began tracking the PC market in the mid-1990s.The total number of PC shipments for the year reached 286.2 million
- Supply chain software startup Flexport is laying off 20% of its global workforce, or roughly 640 employees, according to a memo from co-CEOs Ryan Petersen and Dave Clark.The company, which provides freight forwarding and brokerage services in the cloud, is facing challenges as higher interest rates…
- Microsoft has announced it will introduce a new, lower-cost tier of Microsoft 365, its product family of productivity software, collaboration and cloud-based services, starting on January 30.Dubbed the Microsoft 365 Basic, it is priced at $1.99 per month or $19.99 per year. The plan includes 100GB…
- Hybrid and Electric Car manufacturer, BYD has continued to lead the NEVs segment (including plug-in hybrids and EVs) in China as it made 234,598 deliveries in December 2022, a new industry report says.Local Chinese manufacturer Wuling was a distant second, with 85,632 deliveries, while Tesla China…
- Bengaluru-based startups topped the startup funding chart in India with $10.8 billion in 2022, followed by Mumbai at $3.9 billion as overall funding raised by Indian startups declined 40% to $25 billion in 2022 from $42 billion in 2021, according to a report from Traxcn.This number indicates
- OpenAI has opened a waitlist for an ‘experimental’ paid version of ChatGPT with faster answers, as it makes effort to "keep the technology viable in the long-term," per a report by The Verge.According to the report, OpenAI shared a waitlist for what the company is
- Cybersecurity start-ups saw a significant drop in funding in 2022, with venture capital in the sector falling by a third, according to data from Crunchbase.While 2021 saw a record $22.8 billion invested in cybersecurity start-ups, that number dropped to $15.3 billion last year. The trend of…
- The North Africa enterprise infrastructure market, which includes servers and external storage, experienced a strong growth YoY in Q3 2022 as it record 24.6% Â growth in the third quarter of 2022 to total $70.52 million, according to a research report by the International Data Corporation (IDC).The
- According to International Data Corporation (IDC) India’s networking market, which includes Ethernet Switch, Routers, and WLAN segments, witnessed a 21.6% year-over-year (YoY) growth in terms of vendor revenues during Q3 2022.These Techloy charts below capture the revenue share of the major players…
- The Indian government has approved a plan to spend $318.4 million on promoting the usage of RuPay debit cards and low-value person-to-merchant (P2M) transactions on the Unified Payments Interface (UPI) network.UPI, a six-year-old payments network built by a coalition of banks, has become the most…
- Parlement Technologies, the parent company of Parler, one of the first conservative alternatives to mainstream social media platforms, has laid off a majority of its staff and company executives, over the last few weeks, according to The Verge sources. The company had begun laying employees off…
- The top 5 global PC vendors experience a slowdown in PC unit shipments year-on-year in 2022 according to preliminary results released by the International Data Corporation (IDC). Apple was the only PC company in the top 5 that recorded a marginal increase in PC shipment in 2022, as weakened consumer
- HealthAtom, a cloud-based operations system for small and midsize healthcare companies in Latin America, has announced the successful completion of a $10 million Series A funding round.HealthAtom's medilink and dentalink software suites allow clinics to create schedules, manage electronic health…
- Nigerian agritech startup Releaf has bagged $3.3 million in a pre-Series A round from Samurai Incubate Africa, Consonance Investment Managers, Stephen Pagliuca, and Jeff Ubben, to support the launch of new technologies and scale its operations across Nigeria.Founded in 2021, the startup builds…
- A new study by Juniper Research has found that the global eSIM market will see significant growth, increasing from $4.7 billion in 2023 to $16.3 billion by 2027. This growth is expected to be driven by the increasing adoption of eSIM-enabled consumer devices, such as Apple's
- TMSC continues to dominate the foundry semiconductor market with a forecasted 60% share in Q4 2022 according to Counterpoint market intelligence. The chipmaker saw sequential growth across 2022 quarters, as global foundry industry sales posted a single-digit year-over-year growth in 2022.However,…
- Africa’s biggest mobile phone company, MTN Group is in the early stages of deliberations to divest some of its smaller operations in West Africa as its focuses on core markets, Bloomberg reported citing people familiar with the matter said.The telecom giant is currently reviewing its portfolio in
- Amazon says it will shut down three warehouses – located in Hemel Hampstead, Doncaster, and Gourock – in the United Kingdom, resulting in the loss of 1,200 jobs.However, the company has stated that employees will be given the opportunity to transfer to other units within the company.This
- In a move that will affect approximately 200 employees, Meta, the parent company of Facebook, WhatsApp and Instagram, is shutting down its East African content moderation hub as it shifts away from policing harmful content.The decision comes as Meta's third-party contractor, Sama, announced that it…
- BioNTech, the German biotech company known for its Covid-19 vaccine developed with Pfizer, has agreed to acquire London-based and Tunisian-owned AI start-up InstaDeep in a deal worth up to £562 million, marking BioNTech's largest acquisition to date.The move is part of BioNTech's effort to
- Microsoft has confirmed that it will no longer support Windows 7 and 8/8.1 devices, starting from January 10, 2023, and recommended upgrading to a more current, in-service, and supported Windows release.The old operating systems Windows 7, Windows 8, and Windows 8.1 will no longer receive Microsoft
- Coinbase, a leading cryptocurrency exchange, has announced that it will be cutting approximately 20% of its workforce, or 950 jobs, as part of its ongoing restructuring efforts.The company says it expects to incur about $149 million to $163 million in restructuring expenses.This move follows two…
- The London School of Economics and Political Science (LSE) has launched a £50 million global initiative, the 100x Impact Accelerator, aimed at shaping a new generation of "social unicorns."The program is dedicated to nurturing high-potential social enterprises and enabling them to achieve positive…
- In new data released by Check Point Research (CPR) on last year’s cyberattack trends, global cyberattacks increased by 38% per week on corporate networks in 2022, compared to 2021.The global volume of cyberattacks also reached an all-time high in Q4 2022, with an average of 1168 weekly
- ‘Made in India’ TV shipments grew 33% QoQ in Q3 2022 (July-September) to reach over 5 million units, according to the latest research from Counterpoint’s Made in India service.In the electronic wearables category, the TWS segment led in terms of local manufacturing with almost 37%
- Apple chip manufacturer, Taiwan Semiconductor Manufacturing Co. (TMSC), has recorded its first quarterly revenue miss in two years, amid a global decline in electronics demand, per a Bloomberg report.Its fourth-quarter of 2022, revenue rose 43% YoY to NT$625.5 billion ($20.6 billion), according to…
- Healthcare education technology startup Virohan announced on Monday that it has raised $7 million in a bridge round of funding, known as pre-Series B1, to scale its platform.Founded in 2018 by Kunaal Dudeja, Nalin Saluja, and Archit Jayaswal, Virohan is a healthcare edtech platform that trains…
- The PlayStation 5 shortage is finally over, that’s according to Sony Interactive Entertainment’s CEO, Jim Ryan, who shared the news during the company’s CES presentation.Since its launch in November 2020, getting the PS5 console has relatively been difficult.For most of the console&
- Microsoft has been reportedly experimenting with building OpenAI’s language AI technology into its Word, PowerPoint, and Outlook apps in a move that could change how more than a billion people write documents, presentations and emails, a report by The Verge stated.Per another report by The…
- The International Data Corporation (IDC) has projected worldwide shipments of used smartphones, including officially refurbished and used smartphones, will reach 282.6 million units in 2022 in its latest report.This unit growth represents an 11.5% increase over the 253.4 million units shipped in…
- Massive crypto lender Genesis Global has laid off 30% of its staff and is considering filing for bankruptcy, according to a report by The Wall Street Journal citing people familiar with the matter.According to the report, the layoffs which is the latest sign of financial turmoil at the crypto
- Microsoft Corporation is in negotiations to invest $10 billion into OpenAI, the San Francisco-based company that developed ChatGPT, according to a report from Semafor.This investment will value OpenAI at $29 billion. The funding round will also include participation from other venture firms, and…
- African fintech unicorn Flutterwave, along with with a number of interested parties, are in talks to acquire a prominent British fintech company Railsr, per a report by Sky News.Based in the UK, the startup specialises in so-called embedded finance solutions such as banking services and has been…
- Ghanaian e-logistics startup, Jetstream Africa, has announced it has secured $13 million in equity and debt financing during its pre-Series A round.This new investment will enable the company to expand its operations into new countries, and continue to develop its technology platform, which…
- Nigeria ranked as one of the most stock-obsessed countries in the world, a new study had revealed. According to the study carried out by UK financial services provider CMC Markets, it examined Google Trends data of search terms frequently used by people interested in stocks and trading. The study…
- Apple has exported iPhones worth more than $2.5 billion from India between April and December, almost double the amount for the previous fiscal year, as the company looks to diversify its supply chain amid rising geopolitical tensions with China.
- Huobi Global, a cryptocurrency exchange, has announced its intention to lay off 20% of its 1,100 employees due to the ongoing "bear market," according to Reuters.In the past week, Huobi has experienced increased outflows, and its overall trading volume has fallen to $372 million from $443
- Indian fintech company KreditBee, has announced the successful completion of its Series D funding round, having secured an additional $100 million in investment, bringing the total raised to $200 million.The funding round was led by Advent International and valued the Bengaluru-based start-up at…
- Starlink, the high-speed, low-latency satellite-based broadband internet service, provided by Elon Musk's SpaceX, which is capable of delivering 150Mbps internet speeds to any location in the world, currently has more than 400,000 subscribers worldwide and has been licensed to operate in all seven…
- The Draft by Techloy brings you data-driven news and insights into technology across the world's largest emerging markets from trusted sources.Upgrade your Techloy membership today to gain unlimited access.This week, our lead story on The Draft focuses on the notable decline in initial public…
- Qualcomm Inc has partnered with Iridium Communications Inc to provide a satellite-based messaging service on premium smartphones running Google's Android operating system, the chipmaker said on Thursday.The partnership comes months after Apple unveiled a similar feature on its iPhone 14 models,…
- Snap, the parent company of Snapchat, has announced on its Twitter support page that it will shut down its camera application for Mac and PCs starting January 25, 2023.The company first introduced Snap Camera in 2018 for creators to use with video conferencing apps like Skype, YouTube, Google…
- Hackers reportedly stole the email addresses of more than 200 million Twitter users and posted them on an online hacking forum, per a Reuters report citing a security researcher.The breach "will, unfortunately, lead to a lot of hacking, targeted phishing and doxxing", Alon Gal, co-founder of Israeli
- OpenAI, the artificial intelligence lab that developed the viral ChatGPT chatbot and Dall-E image generator, is in talks to raise funding at a valuation of almost $30 billion, according to the Financial Times, citing people familiar with the matter.
- Meta-owned instant messaging platform WhatsApp says it now allows users to utilize proxy servers to access the service in countries where the app is blocked.A proxy server acts as an intermediary between users and web services, allowing users to bypass restrictions and censorship by functioning as…
- Amazon has announced that it will be cutting more than 18,000 jobs, a larger number than previously reported.This news follows Salesforce's announcement that it will also be reducing its headcount by 10%, affecting over 7,000 employees. Both companies have stated that they hired too rapidly
- World's third-largest computer part maker by shipments, Dell, plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products as part of efforts to diversify its supply chain, according to a Nikkei report.The move by
- The Indonesian government is set to launch a cryptocurrency exchange in 2023 as part of its financial reform efforts, Bloomberg reports.This announcement follows the ratification of the Financial Sector Development and Reinforcement bill (P2SK) by the House of Representatives, which seeks to…
- Vimeo, a software-as-a-service firm that makes it easier for the average person to create and distribute video content is laying off 11% of its workforce, a company spokesperson confirmed to Business Insider.CEO Anjali Sud in an email told staff that the company had made the hard decision to reduce
- According to a research study by the New Delhi-based technology policy think tank Esya Centre, a significant amount of trading volume, totaling $3.8 billion, has been moved from local to international cryptocurrency exchanges in India following the implementation of stringent crypto tax rules in…
