Author: Akin Naphtal

Netflix, the giant streaming platform is planning to launch its own video game studio. The announcement has been made this September and received a wide range of reactions.Some of the loyal Netflix fans were happy about the news and said they were looking forward to playing Netflix’s original games. Others believed that this decision is only a means to raise sales numbers after the platform had already taken other measures for this exact purpose. In case you didn’t know, in April 2022 Netflix announced that it lost 200.000 subscribers in the first three months of the year, which was the…

Boston Limited, with thirty years of experience in providing high-performance technology, has signed a Memorandum of Agreement with Oxford Quantum Circuits Limited (OQC) to work collaboratively by offering Quantum Computing-as-a-Service (QCaaS), training, and expertise in quantum computing technologies to customers. OQC’s QCaaS platform, which is built entirely using OQC’s proprietary technology, brings quantum computing to customer’s fingertips helping to solve real-world challenges and lead to the discovery of new types of materials, medicines and chemicals. Speaking on the partnership, Dev Tyagi, CSMO, Boston Limited said that, “We sought out a company that provides Quantum computing with a clear vision and…

Irish cybersecurity startup Smarttech247 has publicly listed on the AIM market of the London Stock Exchange amid a slow year for tech IPOs. Founded in 2001, Smarttech247 uses artificial intelligence to develop security solutions for businesses to protect critical infrastructure and assets. The company’s automated platform can be trained to detect the difference between standard and harmful traffic. The firm launched on the London Stock Exchange with an initial market capitalisation of £36.8m, a relatively small figure compared to the mega-valuations of some IPOs in 2021. Food delivery app Deliveroo debuted at a £7.6bn valuation, while fintech company Wise listed…

EY, one of the “big four” accounting firms, has announced the launch of its first incubator in London aimed at fintech startups and scaleups. The firm’s incubator is based at its Canary Wharf London office and aims to launch another incubator next year in Edinburgh. Former head of Barclays Fintech Venture Studio, Mark Jannetta, has been recruited by EY to oversee its incubators. “The labs are set to be vibrant, strategic capabilities which will drive change and provide crucial support to the whole financial services market. I’m excited to help clients create more value and build on the UK’s reputation…

Dr Thomas Clayson is the co-founder and chief technology officer of Magdrive, a UK space tech startup developing next-generation spacecraft propulsion. Founded in 2019 by Clayson and Mark Stones, the company is developing the Magdrive Nano, a compact, high-power plasma propulsion system for small spacecraft that combines the high efficiency of electric thrusters with the high thrust of chemical systems.Magdrive says that its system has over ten times the thrust of similar size electric propulsion systems, with applications including satellite servicing and deep space transport.The company has attracted £4m in early-stage investments and grants to date. Its latest round was…

The EU has threatened Twitter owner Elon Musk with sanctions after several journalists covering the company had their accounts abruptly suspended. Reporters for the New York Times, CNN and the Washington Post were among those locked out of their accounts. EU commissioner Vera Jourova warned that the EU’s Digital Services Act requires respect of media freedom. “Elon Musk should be aware of that. There are red lines. And sanctions, soon,” she tweeted. She said: “News about arbitrary suspension of journalists on Twitter is worrying. According to her comment; The EU’s Digital Services Act requires respect of media freedom and fundamental…

Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., and Svante announced that Chevron is the lead investor in Svante’s Series E fundraising round, which raised $318 million that will be used to accelerate the manufacturing of Svante’s carbon capture technology. “We are advancing a full value chain carbon capture, utilization, and storage (CCUS) business and believe Svante is poised to be a leader in enabling carbon capture solutions,” said Chris Powers, vice president of CCUS with CNE. “Innovation is key to enabling these types of breakthrough technologies and lower carbon solutions, and we look forward to applying our…

The US is rapidly ramping up efforts to try to hobble China’s progress in the semiconductor industry – vital for everything from smartphones to weapons of war. In October, Washington announced some of the broadest export controls yet – requiring licences for companies exporting chips to China using US tools or software, no matter where they’re made in the world. READ ALSO: U.S. Announce to widens its ban on military and surveillance tech sales to China Ericsson awarded as a leader in climate performance and reporting Microsoft signs strategic partnership with Viasat to deliver internet access to underserved communities globally…

Ericsson’s global leadership in climate performance and reporting has been recognized by the independent non-profit CDP (formerly known as the Carbon Disclosure Project) by being named in its annual ‘A List’ – the top ranking possible. CDP’s annual climate disclosure and scoring process is widely recognized as the gold standard of corporate reporting. Based on data reported through CDP’s 2022 Climate Change questionnaire, Ericsson is one of over 283 of companies that achieved an ‘A’ out of more than 20,000 companies scored. READ ALSO: Microsoft signs strategic partnership with Viasat to deliver internet access to underserved communities globally Cloudflare Introduces…

In a bid to increase internet availability around the globe, Microsoft and Viasat recently entered into a strategic partnership to help deliver internet access to 10 million people, including 5 million across Africa.Viasat, a global communications company, is the first satellite partner to work with Microsoft’s Airband Initiative, and together they will deepen Airband’s work in the Democratic Republic of the Congo, Nigeria, Guatemala, Mexico, and the United States, as well as prioritize expanding the program to Egypt, Senegal and Angola to deliver much-needed internet connection, often for the first time. This first of its kind global partnership for Airband…