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Tech News

  • Posted on December 20, 2023

Re-commerce marketplace Soum gets $18M backing to scale in MENA

The global re-commerce market is poised for growth as consumers increasingly settle for pre-owned goods to save on cost, and as some observe conscious consumption. With the global re-commerce market expected to

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  • Posted on December 20, 2023

EU names three porn sites subject to its strictest online content rules

Age verification tech could be headed to adult content sites Pornhub, Stripchat and XVideos after the three were added to a list of platforms subject to the strictest level of regulation under the European Union’s

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  • Posted on December 20, 2023

Rite Aid banned from using facial recognition software after falsely identifying shoplifters

Rite Aid has been banned from using facial recognition software for five years, after the Federal Trade Commission (FTC) found that the U.S. drugstore giant’s “reckless use of facial surveillance systems” left

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  • Posted on December 20, 2023

Al Mada Ventures, the $110M fund for Africans by Africans

Al Mada Holding Group is one of Africa’s largest private investment funds. The Casablanca-headquartered private holding operates in different fields, such as banking, telecommunications, renewable energy and the

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  • Posted on December 20, 2023

TikTok under fire for allegedly allowing underage users despite age restrictions

TikTok, the popular social media platform, is facing scrutiny over its safeguards for child users. A recent investigation by The Guardian revealed that moderators were instructed to allow users under the age of 13

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  • Posted on December 20, 2023

China’s Moore Threads launches advanced MTT S4000 for AI and data center workloads

Moore Threads, a prominent Chinese GPU manufacturer, has recently unveiled the MTT S4000, a high-performance graphics card specifically engineered for AI applications and data center operations. This new flagship

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  • Posted on December 20, 2023

Electric scooter company Bird files for bankruptcy

Bird has filed for Chapter 11 bankruptcy, capping off a turbulent year for the electric scooter company. In a press release today, Bird confirmed that it had entered into a “financial restructuring process aimed at

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  • Posted on December 20, 2023

ShareChat faces large valuation cut in new funding

ShareChat is in final stages of deliberations to secure about $50 million in new funding that trims the startup’s valuation to below $1.5 billion, according to two sources familiar with the matter. Existing backers

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  • Posted on December 20, 2023

Attacks on Red Sea shipping likely to impact PC and electronics shipments to Europe — expect delays and more costly products

Global trade, including PC and electronics shipments to Europe, is likely to be adversely impacted by ongoing attacks on shipping containers in the Red Sea. Severe disruption is expected following the attacks on

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  • Posted on December 20, 2023

Malware app to become mandatory in Iran

An antivirus app is set to be active on all Iranian citizen’s mobile devices. Tech Radar reported the announcement from the Iranian Government about the mandatory app. The application named ‘Farez’ has been

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