Know the latest tech information, grasp the cutting-edge wave of tech trends. Let’s dive into Goldman Sachs raises Arista Networks target, Apple’s legal case, UK fintech’s rise and CMC network’s satellite connectivity.
1. Leap hires Craig Jones as new head of fintech
Leap, the Baltimore-based home improvement SaaS firm, announces today that Craig Jones, former VP of operations and strategic product launch at SoFi, has been named Head of fintech for the organisation. (The Malaysian Reserve)
2. Alt credit gains ground with banks and forges new fintech collaborations
Banks — the stalwarts of traditional lending — are finding new channels and conduits to getting capital to borrowers, across alternative channels, and with fintech collaborations forged and expanded. (PYMNTS)
3. UK fintech to be elevated to ‘ubiquitech’ with smart data roadmap, new report reveals
Chair of the Ubiquitech Group Dr. Ruth Wandhöfer has released a report offering practical recommendations for bolstering a digital economy that builds trust, provides access to sustainable infrastructure and secure data highways, and accelerates digital inclusion and education. (FINEXTRA)
4. African fintech union54 launches new social commerce platform chitchat
Zambia-based fintech Union54 has launched a new social commerce app called ChitChat, Africa’s first secure chat platform with integrated digital wallet features. (FintechFutures)
5. Kyndryl partners with Cloudflare to help enterprises migrate to next-generation networks
Kyndryl and Cloudflare announced a global strategic alliance, an expansion of their partnership, to enable enterprises to migrate and manage networks for multi-cloud connectivity and comprehensive network security. (HELP NET SECURITY)
6. Goldman Sachs raises Arista Networks target to $356
Goldman Sachs adjusted its outlook on Arista Networks, a leader in cloud networking solutions, by increasing the stock’s price target to $356 from the previous target of $313. The firm maintained its buy rating on the stock and revised its estimates based on several optimistic factors. (Investing.com)
7. CMC Networks deploys satellite connectivity amidst subsea cable damage
CMC Networks has deployed satellite connectivity across Africa and the Middle East to keep African businesses connected to the internet during subsea cable outages. (SATELLITEPROME)
8. Cambium Networks introduces the first in a new class of enterprise Wi-Fi 7 solutions
Cambium Networks, a leading global provider of networking solutions, today announced the next evolution in Wi-Fi with the launch of its new mass market Wi-Fi 7 access point. (PR Newswire)
9. Apple accused of monopolising smartphone markets in US antitrust lawsuit
The U.S. Department of Justice and 15 states on Thursday sued Apple, as the government cracks down on big tech, alleging the iPhone maker monopolised the smartphone market, hurt smaller rivals and drove up prices. (REUTERS)
10. Technology services firm Synechron confidentially files for 2024 IPO, sources say
Technology and consulting services firm Synechron has confidentially filed for an initial public offering (IPO) that could happen as early as the first half of 2024, according to people familiar with the matter. (REUTERS)
11. Micron hits record high as AI demand powers strong forecast
Memory chipmaker Micron Technology, surged to a record high on Thursday after its strong revenue forecast fanned optimism that soaring demand for AI hardware would take the Nvidia supplier to new peaks. (REUTERS)
12. Apple’s Cook opens new store in Shanghai to large crowds
Apple, CEO Tim Cook on Thursday opened Apple’s newest store in Shanghai in front of a large crowd, some of whom had queued overnight. (REUTERS)
13. UN adopts first global artificial intelligence resolution
The United Nations General Assembly on Thursday unanimously adopted the first global resolution on artificial intelligence that encourages countries to safeguard human rights, protect personal data, and monitor AI for risks. (REUTERS)
