- Taiwan Semiconductor Manufacturing Co Ltd, also known as TSMC, has reported its first revenue quarter-on-quarter decline in Q1 2023 in its financial report released last week as the global chip market take a hit – notably caused by a decline in PC demand.While TSMC’s revenue rose 3.
- Function keys, also known as "Fn" keys, are those keys on your keyboard that can trigger various functions of the F keys, located at the top of your keyboard. They're called shortcut keys since they're useful for basic but important functions like changing the
- Microsoft 365 suffered a downtime Monday which prevented some customers from using the search functionality across multiple Microsoft 365 services – including Outlook on the Web, Exchange Online, SharePoint Online, Microsoft Teams, and Outlook desktop clients.The software giant confirmed the outage…
- SKS Capital, a leading venture capital and private equity firm, has made a strategic $5 million Series B investment in Grace, the biggest aggregator of international Health and Beauty brands in South Korea. This deal is part of SKS Capital's continuous strategic investment in the beauty and
- An Apple ID is basically a user account that you create with Apple to use their devices and software. It's like your personal hub that contains all your data and settings, and you use it to log in to your Apple device.Think of it as the key
- The Reserve Bank of Zimbabwe (RBZ) has announced plans to introduce a gold-backed digital currency as legal tender – as part of the country's intervention to help stabilize the local currency, the Zim dollar – according to a report by Sunday Mail. This follows an announcement by the
- Investment to venture capital (VC)-backed Web3 startups has plummeted to levels not seen since the industry's early days, as VCs pump the brakes on spending big in the space, based on data aggregated by Crunchbase.This result underscores the woes of an industry that is still reeling
- Shein, a fast-fashion company with roots in China, has announced its intention to invest almost $150 million in Brazil, with the aim of establishing the country as its manufacturing and export hub for Latin America – part of its global expansion plan.The investment will be used to upgrade…
- DRC-based Altech Group has secured $18 million in debt financing and grants to expand its solar energy sales and distribution network across the country – from the Energy Entrepreneurs Growth Fund (EEGF) Triple Jump and Rabobank, respectively.Founded in 2013, Altech has established a national…
- During the lockdown in 2020, I came across a video by a famous religious leader in Nigeria who claimed that 5G technology was part of a larger plot to establish a new world order. The video did generate a lot of discussion on social media about the capabilities of 5G
- Kyshi, an African-focused fintech company, has launched a beta version of its platform, "Kyshi for Business," which aims to help businesses transact across multiple countries, including the UK, U.S., Canada, China, and several African nations, including Nigeria, Ghana, Kenya, South Africa, and…
- Chinese tech giant Huawei Technologies has announced that it is replacing internal software management systems previously sourced from U.S. vendors with its own in-house version, called 'MetaERP', per a Reuters report.The telecom gear maker, which can’t use American technology without a license,…
- 💡This is a guest article written by Keoleboge Malela, ESG and Impact Manager at Norsad Capital. You can contribute insightful and knowledgeable articles to Techloy about a product, service, feature, topic, or trend.Impact investing refers to investments that are made to…
- In a world where we're constantly sharing photos with our friends and family, privacy has become more important than ever. It's vital to have a way to protect our personal photos from prying eyes, and Apple's iOS 16 has just the solution. With just
- Koo, an Indian microblogging site often touted as a rival to Twitter, has laid off around 30% of its workforce over the past year, according to a statement from the company.The layoffs were made in response to what Koo calls a "global slowdown" and the current market
- The Italian data protection watchdog has announced that OpenAI's ChatGPT can resume operating in the country if the Microsoft-backed company takes 'useful steps'.Recall that in late March, the Italian data agency temporarily banned ChatGPT and launched an investigation into a suspected breach of…
- Have you ever lost your phone before? It can be super frustrating trying to track it down. But, if you happen to own an iPhone, you're in luck! Apple has this awesome app called "Find My" that makes it easy to locate your phone and even
- Elon Musk-founded Aerospace company, SpaceX today test-launched its Starship rocket for the first time – the biggest and most powerful rocket in history – specifically designed to carry cargo and people beyond Earth to Mars.The rocket reached a peak speed of over 2,000 km/hr at a peak
- Coro, a startup that offers a cloud-based AI-powered cybersecurity platform for mid-market companies, has announced $75 million in funding from Energy Impact Partners, a green-tech investor that has backed a number of cybersecurity and enterprise startups.The company, which started out in 2015 as a…
- Speedio, a Brazilian Big Data startup that offers B2B lead generation systems for companies' commercial teams, has raised $720K in a round led by ACE and TM3 Capital. Founded in 2018, the Sao-Paulo-headquartered startup offers a business-to-business (B2B) customers lead generation platform that…
- Senegalese logistics tech startup Chargel has raised $2.5 million in a seed funding round led by Logos Ventures, with participation from Ventures Platform, Foundation Botnar, DFS Labs, and Seedstars, as well as $500,000 in debt.The platform digitizes the trucking industry by matching shippers with…
- Apple, one of the world's leading tech companies, has been steadily expanding its retail presence globally, with a particular focus on emerging markets. This was underscored by the recent opening of two physical stores in India. Prior to this, Apple expanded into South Korea, Singapore, Taiwan,…
- Volkswagen says it will invest around one billion euros ($1.1 billion) in a new China centre for the development, innovation and procurement of fully connected electric cars in the southern Chinese city of Hefei.The new unit, with the project name ‘100%TechCo’, combines vehicles and components
- Open, a neobank platform based in India has reportedly let go of around 50 employees and made a 50% cut to its founders' salaries in a bid to cut costs and improve the company's financial runway, according to a report by Entrackr. Per the report, this move
- The adoption of 5G networks in Africa is on the rise, with South Africa leading the way, according to a new report by TeleGeography, a Washington-based telecom market research and consulting firmThe report, which tracked 5G deployments in the Middle East and Africa (MEA), found that as of March
- Microsoft in the hopes of carving out a larger slice of the AI pie is developing its own cutting-edge AI chip called "Athena" that will power chatbots like ChatGPT, per The Information.The rollout of the cutting-edge AI chip is being accelerated after the success of OpenAI'
- Despite the United States' continuous pressure on the semiconductor supply chain market to Chinese industries, China has continued to make sizeable investments to boost its self-reliance in the semiconductor industry.One such investment is a whopping 30 billion yuan ($4.37 billion) set to be…
- If you frequently visit a particular website for work or personal reasons, having it on your home screen can help improve your productivity by reducing the time and effort required to access it. It can be a great way to quickly access your favourite websites. This process is very easy
- Chinese authorities are poised to reduce its imposed fine against the Ant's Group to about $728 million, which is about a quarter less than the initial plan according to a Reuters report, citing unnamed sources.The regulators earlier planned to fine the company over $1 billion for alleged
- Kenyan-based mobile commerce platform Copia has suspended its operations in Uganda and paused its expansion plans in Africa due to an economic downturn and constrained capital markets, the company has said.Copia will focus on building its Kenyan business to profitability instead, which according to…
- Meta, formerly known as Facebook, is expected to announce another round of layoffs this week, which could be as many as 4,000 jobs, according to sources cited by Vox.This is part of the restructuring that CEO Mark Zuckerberg referred to as the “year of efficiency,” which
- In what is its first investment in an Indian startup, the US-owned Coca-Cola Company has acquired a 15% minority stake in Thrive, an Indian foodtech platform owned by Hashtag Royalty.As a result of its strategic investment in Thrive, Coca-Cola is poised to gain a competitive advantage. Through the…
- In today's digital age, scanning documents to PDF has become a common practice for many people. With the help of smartphones, this process has become even more convenient. If you're an Android user and need to scan documents to PDF, there are ways to do so.
- Digital Currency Group's Luno crypto exchange is set to withdraw from the Singapore market and cancel its application for a license in the city-state, according to a blog post by the exchange.The firm's services will no longer be available in Singapore from June 20, and
- Mediwhale, a South Korean AI diagnostics company that scans retinas for cardiac, and kidney disease has closed a $9 million series A funding round led by SBI Investment, bringing its total raised to $12 million since inception.Other returning investors include BNK Venture Capital, Innopolis…
- AfriBlocks, a pan-African freelance talent marketplace, has partnered with KyckGlobal to offer the Visa push-to-card payment method to freelancers in Kenya, Zambia, Ghana, and Namibia.The move aims to address the limited financial infrastructure and high transaction costs that African freelancers…
- Dubai-based e-commerce platform Noon, often dubbed the Middle East’s version of Amazon, has cut 10% of its workforce as part of a cost-reduction strategy to boost efficiency, according to founder Mohamed Alabbar. The layoffs included jobs in marketing, advertising and other departments.Noon, which…
- China's big data and analytics market’s total IT investment of $17 billion in 2022 is predicted to double to $36.49 billion by 2026, with a five-year compound annual growth rate of close to 28% according to an IDC report discussing the growth and potential of
- Opportunik, a private wealth fund that aims to give Africans and Diasporans access to global investments, will be launching a licensed fund next month, according to a statement made available to Techloy.The multi-asset growth fund, Opportunik Global Fund [OGF], will be administered by Accuvise…
- Autochek, a pan-African automotive technology company, has acquired a majority stake in AutoTager, an Egyptian automotive technology start-up that simplifies the car-buying and selling process in Egypt.The move represents Autochek's entry into the North African country, the second-largest economy…
- Global PC OEM vendors reported another quarterly shipment decline in Q1 2023 as shipments hit the lowest quarterly numbers in the past 10 years amid slow demand, as the Techloy chart below shows, based on data from Counterpoint.In the quarter, Apple experienced the most significant decline, with a…
- Have you ever felt a bit annoyed having to repeatedly enter your iPhone's passcode? It can be annoying at times, especially if facial recognition fails.Even though Face ID and Touch ID have made unlocking iPhones more accessible and secure, there are situations where those methods won'
- If you want to enhance your organization's productivity with talented apprentices in engineering, Andela has the right program.The talent development company has a large pool of talented developers who’ve undergone intensive training in the PERN (PosgreSQL & MongoDB, Express. React, Node)…
- Apple officially opened its first store in India today, located in the Reliance-owned Jio World Drive mall in a launch event graced by CEO Tim Cook.Previously with only an online presence in the country, the launch is seen as a significant milestone for Apple which has struggled to establish
- Elon Musk is reportedly launching an artificial intelligence (AI) startup that will directly compete with OpenAI, the maker of the popular language model, ChatGPT.According to the Financial Times, the billionaire is putting together a team of AI researchers and engineers for the new firm and has…
- In what happens to be the first noteworthy challenge to Google's search monopoly after over a decade, Samsung is reportedly considering replacing Google with Microsoft's Bing as the default search engine, according to a report by New York Times.To put that into perspective, there are
- Netflix, the global streaming giant, has announced its plans to expand its operations in Africa following the success of its local content production ventures in the region.The company has invested €160 million in film content production in Africa since 2016, creating over 12,000 jobs in Nigeria,…
- Before the pandemic, I was a fresh-out-of-school graduate who had one thing – an Android phone and social media pages to my account. I was hyperactive and all I did was post, like and comment. This gave me a feeling that I had qualified as a social media manager.I
- The Latin American startup funding landscape experienced a distressing quarter in Q1 2023, as funding slumped to the lowest in over two years amid a continued sharp contraction in investment deals, per data gathered by Crunchbase.The figures across all the funding stages do not look great against…
- Nigerian startup Chekkit has secured additional funding to help scale its blockchain-powered drug safety and tracking solution.Founded in 2018, Chekkit has built a platform that tracks product movement and the parties involved in transferring products from the warehouse to the distributor and onto…
