Andela CEO confirms staff cuts as layoffs hit African tech – TechCrunch

[ad_1] Africa-focused tech talent accelerator Andela has let go 135 employees, CEO Jeremy Johnson confirmed to . Senior staff at the company — with offices in New York and five African countries — will also take salary cuts of 10% to 30%. The compensation and staff reductions are a result of the economic impact of…

IBM and Red Hat expand their telco, edge and AI enterprise offerings – TechCrunch

[ad_1] At its Think Digital conference, IBM and Red Hat today announced a number of new services that all center around 5G edge and AI. The fact that the company is focusing on these two areas doesn’t come as a surprise, given that both edge and AI are two of the fastest-growing businesses in enterprise…

Chinese startup Rokid pitches COVID-19 detection glasses in U.S. – TechCrunch

[ad_1] Thermal imaging wearables used in China to detect COVID-19 signs may quickly be deployed in the U.S. Hangzhou primarily based AI startup Rokid is in talks with a number of corporations to promote its T1 glasses in America, based on Rokid’s U.S. Director Liang Guan. Rokid is amongst a wave of Chinese corporations creating…

Markets dragged down by abysmal retail sales and factory output – TechCrunch

[ad_1] US main inventory indexes fell in Wednesday buying and selling as new information from the Commerce Department and Federal Reserve indicated a collapse in manufacturing output and retail sales. However, the declines didn’t completely erase yesterday’s gains in one other signal that US traders and companies could also be higher positioned to resist the…