LATEST TECHNOLOGY NEWS: Africa-focused VC launches non-profit training for young people. 4 other things and curiosities you need to know today, July 3, 2020

These 5 most recent stories from the technological space will keep you updated with current trends.

1. VC focused on Africa launches non-profit training for young people

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In an attempt to expand its offering, venture capital firm Ingressive, with a focus on Africa, launched a non-profit venture to empower young people on the continent. According to the VC company, the venture will include micro-scholarships, technical training and talent placement. This announcement comes when the company recently doubled the size of its investment vehicle, now operating a $ 10 million fund. However, this changes a lot from the usual, where it invests in businesses enabled for pre-seed technology and seed stage in the B2B space.

However, the new non-profit venture, labeled: Ingressive For Good (I4G), will address the glaring inequalities that existed in African technological ecosystems, increasing the purchasing power of young Africans through training and technological resources. Sean Burrowes, chief operating officer (COO) and co-founder of Ingressive for Good, reiterated: “The three main objectives of Ingressive For Good are to create 5,000 jobs through partnerships, connect one million young Africans to technical skills training and award scholarships to qualified individuals who study computer science courses to leverage resources based on needs, learning and the power of work to empower young Africans in technology. "

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2. Apple launches new portal for Apple Card holders

3 customers sue Apple for selling their data despite privacy claims

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The electronics company Apple, Friday, July 3, launched an online portal for the Apple Card credit card. The new portal will allow card account holders to manage their balances, view statements, schedule payments and more, within one space. According to Apple, the portal will be particularly useful in cases where users of the device lose or lose the iPhone, so they need to manage card or payment accounts.

So far, challenges of this nature are handled by third-party Goldman Sachs, which is contracted with Apple to serve as its support arm. However, the new site now offers services like this and an easy way to pay balance when you're on your desktop or laptop. That way, according to the gadget company, it will improve the way users work with their budgets and monthly bills. Explaining the use of the site, cardholders log in using their Apple ID and can navigate in the left hand navigation to browse previous statements or download them as PDFs.


Technology curiosities:

The "G" jn 5G means Generation while the "D" in 3D means …

A. Decorative
B. Design
C. Dimensional
D. Illusory

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Answer: See end of post.

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3. US Intel invests $ 253.5 million in India's Reliance Jio platforms

Santa Clara-based technology company Intel revealed its decision to invest $ 253.5 million in Jio Platforms. This multimillion dollar investment will add Intel to a long list of supersonic investors who have invested in the past. As the investment arm of the American chip maker said it is acquiring a 0.39% stake in Jio Platforms, the investment leads the Indian company to a $ 65 billion valuation.

Read too: LATEST TECHNOLOGY NEWS: Nigeria's IderaOS launches ListBuy to help scale MPME. 4 other things and curiosities you need to know today, July 2, 2020

Although Intel Capital is the 12th investor to buy a stake in Jio Platforms, however, the company has raised more than $ 15.5 billion by selling a 25% stake since April this year. Confirming the investment to be printed, Wendell Brooks, president of Intel Capital, stated that: “Jio Platforms' focus on applying its impressive engineering resources to bring the power of low-cost digital services to India is in line with the goal of Intel to provide innovative technology that enriches lives. We believe that access and digital data can transform business and society for the better. "

4. PlayStation removes Facebook and Instagram ads as a boycott

LATEST TECHNOLOGY NEWS: Africa-focused VC launches non-profit training for young people. 4 other things and curiosities you need to know today, July 3, 2020

In July, Facebook and Instagram users will no longer be able to view PlayStation ads. This development, according to the Sony product, is to establish a boycott of the social networking site. As PlayStation joins others, it is feared that more companies will pay the same way in support of the recent #StopHateForProfit campaign, which urges marketers to pressure Facebook to do more to eliminate hate groups and offensive content on your platform.

PlayStation community management explained that: “In support of the #StopHateForProfit campaign, we globally suspended our activities on Facebook and Instagram, including advertising and unpaid content, until the end of July. We stand for work (and play) together forever. "According to the growing list of companies boycotting the largest social media platform," Facebook is responsible for providing a platform for actors in bad faith who target marginalized groups. " They argued that "Facebook tends to allow these groups to operate and grow because it is good for the end result".

5. Asia's richest man launches app to compete with Zoom

Praised as one of the few success stories of the Covid-19 pandemic, Zoom will now face a new competitor in an application supported by the richest person in Asia, Mukesh Ambani. Ambani's Relani Industries rolled up its sleeves by venturing into building a video conferencing product, JioMeet. Remember that the company, since March, has secured multi-million dollar investments from top industry leaders.

According to the company, its new app has already received more than 100,000 downloads on the Google Play Store after it became available on Thursday night. Reviewers noted that, like Google Meet, Microsoft Teams and other services, JioMeet offers unlimited high-definition calls. However, unlike Zoom, it does not impose a time limit of 40 minutes. Analysts noted that this could be a marketing strategy for converting existing Zoom users. At launch, the application supports calls to continue for up to 24 hours, overcoming Zoom in this field.


Tech Trivia Answer: Dimensional

3D computer graphics, or three-dimensional computer graphics, are graphics that use a three-dimensional representation of geometric data stored on the computer in order to perform calculations and render 2D images. The resulting images can be stored for later viewing or displayed in real time.

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