TopTechTrends

Jumia to cut products and overheads as new management chase profits

November 18, 2022

Last Monday, Jumia co-founders Sacha Poignonnec and Jeremy Hodara resigned from their roles as co-CEOs, just ten days before the company’s third-quarter 2022 financial report. The end of their tenure, therefore, marked the first time a new face — Francis Dufay, the ex-chief at Jumia Ivory Coast and now acting CEO of Jumia — took […]

Jumia to cut products and overheads as new management chase profits by Tage Kene-Okafor originally published on TechCrunch

Hive ransomware actors have extorted over $100M from victims, says FBI

November 18, 2022

The U.S. government has warned of ongoing malicious activity by the notorious Hive ransomware gang, which has extorted more than $100 million from its growing list of victims. A joint advisory released by the FBI, the U.S. Cybersecurity and Infrastructure Security Agency, and the Department of Health and Human Services on Thursday revealed that the Hive […]

Hive ransomware actors have extorted over $100M from victims, says FBI by Carly Page originally published on TechCrunch

Fund of funds Sweetwood Ventures bets big on VC’s smallest funds

November 18, 2022

Despite legacy venture capital firms continuing to raise bigger and bigger funds, LPs may have more luck focusing on the small stuff. Amit Kurz, a general partner at Israel-based fund of funds Sweetwood Ventures, thinks so. He told TechCrunch that last year he started to notice more and more tiny funds he wasn’t familiar with […]

Fund of funds Sweetwood Ventures bets big on VC’s smallest funds by Rebecca Szkutak originally published on TechCrunch

The Download: Twitter may only last weeks, and Meta’s unforced AI error

November 18, 2022
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Former Twitter employees fear the platform might only last weeks Recently-departed Twitter staff have told MIT Technology Review they worry that the platform has weeks to live based on current staffing levels, mass…

Why Meta’s latest large language model only survived three days online

November 18, 2022
On 15 November Meta unveiled a new large language model called Galactica, intended to assist scientists. But instead of landing with the big bang Meta hoped for, Galactica has died with a whimper after three days of intense criticism. Yesterday it took down the public demo that it had encouraged everyone to try out. Meta’s…

Google clamps down on illegal loan apps in Kenya, Nigeria

November 18, 2022

Google is requiring loan apps in Kenya to submit proof of license to operate in the country, failure to which they risk removal from Play Store, its digital distribution service. Those that have applied for licensing from Central Bank of Kenya, and can produce evidence of the same, may also be spared. Google’s action has, […]

Google clamps down on illegal loan apps in Kenya, Nigeria by Annie Njanja originally published on TechCrunch