Amazon to manufacture self-driving cars after acquiring start-up Zoox for $1bn

Amazon to manufacture self-driving cars after acquiring start-up Zoox for $1bn

Amazon is making strides into developing its own self-driving vehicles, agreeing to buy Californian start-up Zoox in a deal said to be worth more than $1bn (£810m). The takeover was first reported by tech website The Information and was later confirmed by Amazon.  Talks were said to have started between the two companies last month. Zoox’s chief executive Aicha Evans and chief technology officer Jesse Levinson will continue to lead the team as a standalone business after the deal has completed, Amazon said. The takeover is believed to be part of Amazon’s plans to begin…

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IBM to cease developing Facial Recognition Technology after #BlackLivesMatter protests

IBM will no longer develop and research facial recognition or analysis software and, on top of that, it will no longer offer the technology for general-purposes. This is part of the company’s mission to advance racial equality in the US after #BlackLivesMatter protests – campaigning against violence and systemic racism towards the black community – were organised all over the world. “IBM firmly opposes and will not condone uses of any technology, including facial recognition technology offered by other vendors, for mass surveillance, racial profiling, violations of basic human rights and…

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Mali based insurtech startup OKO Finance helps rural farmers access crop insurance

Mali based insurtech startup OKO Finance helps rural farmers access crop insurance innovation

Malian insurtech startup OKO Finance has helped many rural farmers to access crop insurance for the first time ever. Founded in 2017, OKO develops affordable mobile-based crop insurance products to provide smallholder farmers with the financial security they need, regardless of unstable climate trends. CEO Simon Schwall, spoke to ITBusinessDirect about their plans and activites, here is the conversation What is the story behind OKO Finance? Before starting OKO I worked for a very successful micro-insurance provider called BIMA. I was their local CEO in Papua New Guinea and Fiji…

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Amazon to launch an Amazon CloudFront Edge Location in Kenya

Amazon CloudFront Edge

Kenya will be the latest country in Africa after South Africa to have the Amazon Web Services, Inc. (AWS), Amazon CloudFront Edge location launched locally. The launch promises customers a fast and secure Content Delivery Network (CDN) that accelerates the delivery of applications, data, and videos to users worldwide, with high transfer speeds. Amazon Web Services says the Amazon CloudFront is expected to be operational in early 2020 promising up to 50 percent reduction in latency for delivery of content with the new Edge location. The AWS’s global infrastructure network,…

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WhatsApp finally rolls out update that lets one choose who can add them to groups

WhatsApp launches end-to-end encryption on messages for all its users

Lets agree that WhatsApp users find themselves constantly being added to annoying new groups. And this has been the cry of many app users, but the latest WhatsApp feature update will finally puts a rest to this very awkward group chat problem This means that the days of having to mute such chats could soon be a thing of the past, thanks to WhatsApp’s latest feature. The Facebook app has just rolled out new ways for users to stop people adding them to group chats without their permission. In a…

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Windows 7 end-of-life: Study Shows 59% of IT Professionals Have Not Migrated All Their Users to Windows 10

Windows 10

Ivanti, the company that unifies IT to better manage and secure the digital workplace, today announced survey results that capture the pain points and priorities of IT professionals when faced with migrating user devices to Windows 10. Surprisingly, 59% of IT professionals report that they still haven’t migrated all their users to Windows 10, despite the imminent end of regular support for Windows 7 on January 14, 2020. As many as 39% will not be completed with their Windows 10 migration projects in time for the January deadline. The study…

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Singapore based Credit scoring fintech company, CredoLab, launches in Kenya

credit scoring fintech company, CredoLab, launched in Kenya

Alternative credit scoring fintech company, CredoLab, launched in Kenya recently is lined to drive financial inclusion by credit scoring more people, especially those who are new to bank and credit. CredoLab announced that it is in negotiations with the large financial institutions, digital banks, credit bureaus, consumer lenders and retail operations in Kenya. Michel Massain, Sales for Europe and Africa at CredoLab says, “With the trend in Kenya of banks shifting from traditional banking halls to digital platforms, our alternative credit scoring technology is perfectly timed to help lenders provide…

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Google’s Android Go, a lightweight alternative for low-end phones is faster brags the company

Google is redesigning its Android Go — a lightweight alternative of its mobile platform design to run faster and smoothly on low-end phones. In a new blog post, the company says apps on Android 10 Go will now launch about 10 percent faster than they did on the older version. This improvement in speed has also made it possible for Google to include a new form of encryption for Go users without compromising overall performance. The Big G also boasts a series of new features for its lineup of Go…

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Cybercrime Report Tracks Growing Threat of Networked Cybercrime

LexisNexis® Risk Solutions today released at the Digital Identity Summit its Cybercrime Report providing a comprehensive view into the shifting global fraud landscape from January 2019 through June 2019. During this period, the LexisNexis® Digital Identity Network® recorded 16.4 billion transactions, of which 277 million were human-initiated attacks, a 13% increase over the second half of 2018. The report highlights a shift toward networked, cross-organizational and cross-industry fraud, and gives insight into the evolution of bot attacks targeting new accounts in media and e-commerce. Key Findings from the LexisNexis Risk…

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Tala Microloan Startup gains $110 Million In latest Funding

Mobile-based lenders pose money laundering risk, says CBK

Tala, a Los Angeles startup that makes microloans to consumers and small business owners in emerging markets, is announcing today that it has raised $110 million in funding. The new Silicon Valley venture capital firm RPS Ventures, cofounded by Kabir Misra, former managing partner at Softbank’s $100 billion Vision Fund, is leading the round. Tala’s backers include PayPal, billionaire Steve Case’s VC firm Revolution, Chris Sacca’s Lowercase Capital and Data Collective, among others. The new funding values Tala at nearly $800 million, according to an investor. Tala has raised more…

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