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CEO of social media app Parler says board fired him

John Matze says he has been fired as CEO of Parler, which was among social media services used to plan the Jan. 6 attack on the U.S. Capitol by supporters of then-President Donald Trump. Matze’s announcement Wednesday followed Amazon’s Jan. 11 decision to remove Parler from its web-hosting service over its unwillingness to remove posts […]

Africell becomes Angola’s fourth operator

Africell announced on Wednesday that it will expand its operations in Angola by the end of the year to become the country’s fourth operator after receiving its telecommunications license. With that, Africell will stand alongside three other operators Movicel, Unitel, and state-owned Angola Telecom, as it expands into its 5th territorial market. The telco will […]

AT&T acquires $14.7 billion loan from BofA to fund spectrum

U.S. telecoms operator AT&T has entered a $14.7 billion loan credit agreement with Bank of America (BofA) in an attempt to massively invest in the ongoing C-band spectrum auction. According to the company’s U.S. Securities and Exchange Commission (SEC) filing, the funds will be available for AT&T to withdraw at any point before May 29, […]

Workz recognised as world leader in IoT

Dubai company identified as market leader in eSIM and telecom cards. Workz Group has been declared as one of the world’s leading providers in the mobile IoT sector according to several new industry reports. The acknowledgements include Counterpoint Research who ranked the Dubai-based company as one of the top five leaders in eSIM, and the […]

Amazon CEO Jeff Bezos may step down without stepping away

Even after stepping aside as CEO, Amazon founder Jeff Bezos will likely keep identifying new frontiers for the world’s dominant e-commerce company. His successor, meanwhile, gets to deal with escalating efforts to curtail Amazon’s power. Tuesday’s announcement that Bezos will hand off the CEO job this summer came as a surprise. But it doesn’t mean […]

GameStop's stupefying stock rise doesn't hide its reality

Behind GameStop’s stock surge is the grim reality of its prospects: The video game retailer is floundering even as the industry around it is booming. GameStop has been swept up in a battle between big-moneyed hedge funds betting against it and small investors trying to prop it up. That has caused GameStop’s share price to […]

MIT announce AI predictive tool for breast cancer

A team of scientists from MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) and Jameel Clinic (J-Clinic) announced that they had created a breast cancer risk-assessment algorithm that shows consistent performance across patients from the U.S., Europe, and Asia. The researchers said the model needed both algorithmic improvements and large-scale validation across several hospitals to […]

Microsoft backs Australian plan to make Google pay for news

Microsoft said on Wednesday it supports Australia’s plans to make the biggest digital platforms pay for news and would help small businesses transfer their advertising to Bing if Google quits the country. Microsoft has been positioning itself to increase market share for its search engine Bing after a Google executive told a Senate hearing last […]

Robinhood raises $3.4B from investors amid surge in trading

Popular online trading platform Robinhood said Monday that it has lined up $3.4 billion to help meet its funding requirements amid a spike in trading on Wall Street fueled by small investors driving up shares in GameStop and other stocks. The funds are being provided by Ribbit Capital and several other venture capital firms, including […]

O2, NEC complete OpenRAN trial

British O2 telecoms and Japanese NEC announced on Monday a successful OpenRAN trial conducted on O2’s network with NEC and its ecosystem of partners. According to a joint statement, NEC helped to define a customized OpenRAN architecture, optimized, and adapted to the requirements of the O2 mobile network. NEC coordinated the overall design of the […]