Technology

Q1 2023 marks the first quarter Jumia’s new management implemented its strategy after riding out the blueprint of previous management in Q4 2022. The result? Jumia is seeing its losses decrease significantly: adjusted EBITDA loss dropped 51% year-over-year to $27 million, on track to meet the company’s end-of-year target of $100-120 million in adjusted losses. […]

Jumia reaches lowest losses in four years under new management by Tage Kene-Okafor originally published on TechCrunch

Google’s Sundar Pichai has agreed to work with lawmakers in Europe on what’s being referred to as an “AI Pact” — seemingly a stop-gap set of voluntary rules or standards while formal regulations for applying AI are still being worked on. Pichai was meeting with Thierry Breton, the European Union’s internal market commissioner, who put […]

Google to work with Europe on stop-gap ‘AI Pact’ by Natasha Lomas originally published on TechCrunch

As brands and financial services firms navigate the crypto world, Mastercard sees opportunity for blockchains to grow with greater safety.

Mastercard sees ‘a lot of promise’ in blockchain tech if safety and simplicity are prioritized by Jacquelyn Melinek originally published on TechCrunch

The U.S. government announced new sanctions against North Korea related to its army of illicit IT workers that have fraudulently gained employment to finance the regime’s weapons of mass destruction programs. North Korea maintains thousands of “highly skilled” IT workers around the world, primarily in China and Russia, which “generate revenue that contributes to its […]

US government targets North Korea’s illicit IT workforce with new sanctions by Carly Page originally published on TechCrunch

Meta is waging its latest round of layoffs on Wednesday, estimated to impact about 6,000 people. These cuts are part of the company’s so-called “Year of Efficiency,” in which Meta is being massively restructured to save money and flatten the organization structure. Employees knew the layoffs were coming. Meta founder and CEO Mark Zuckerberg announced […]

Meta conducts yet another round of layoffs by Amanda Silberling originally published on TechCrunch