Search results for "AI "

Virtual events industry expected to rise to $774 trillion by 2030

Companies, businesses, and brands have all taken their events into the realm of cyberspace with no signs of slowing down, as the world continues to face the woes of the global health pandemic. As such, waves of startups and SMEs that are helping people create and participate in those experiences are witnessing a surge in […]

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, […]

Number of EV charging stations set to skyrocket in next 7 years

The international market for Electric Vehicle (EV) charging stations is forecast to undergo rapid expansion, according to a report released Tuesday by business survey company MarketsandMarkets. The study, “Electric Vehicle Charging Station Market” – by Level of Charging (Level 1, Level 2 & Level 3, By Charging Infrastructure (Normal Charge, Type-2, CCS, CHAdeMO and Tesla […]

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 […]

Ethiopia extends telco license bidding deadline till April 2021

The Ethiopian Communications Authority (ECA) announced on Tuesday that is has delayed the issuing of two new nationwide operating licenses. ECA made the announcement via Twitter confirming that the decision was taken to delay the process following requests received from would-be bidders during the question-and-answer period of the request for proposals (RFP) process for the […]

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 […]