africa

U.S. Tech Companies Turn To Africa

It is a story taking part in out throughout Silicon Valley, the place restaurateurs say that staying afloat is a day by day battle with rising rents, high local charges and acute labor shortages. In a race to create one of the best AI solutions in an increasingly sizzling sector, U.S. tech behemoths like Alphabet ‘s Google and iPhone maker Apple have been quietly snapping up dozens of artificial intelligence corporations during the last 5 years, in keeping with a latest report from analysis agency CB Insights.

Whereas some naysayers have been trying to put in writing off the advert tech market as useless (apart from a small pocket of big gamers), maybe the uptick in private equity transactions suggests the alternative: ad tech remains to be very a lot on stage, but the ensemble of gamers has modified.

In some situations we’re seeing proof of companies mining information from …