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Tech Africa

NIGERIA: Edo Govt Partners Amazon, Focuses On Cloud Computing Technology

by tech_admin September 15, 2020
written by tech_admin

The Edo Government has joined Amazon, the American corporation, to offer online tech training to seven state-owned universities through the Edo Innovation Center.

The Program Manager, Edo Innovation Center, Izoduwa Asemota, said in a statement that the project was the result of synergies with global technology firms that improve the state ‘s technology ecosystem.

ALSO READ: Buhari Grants NIMC Transition to the Ministry of Communications

“The universities and polytechnics to benefit from the initiative are University of Benin, Ambrose Alli University, Ekpoma, Auchi Polytechnic, Edo State Polytechnic Usen, Benson Idahosa University, Igbinedion University and Edo University, Iyamho.

“The training is open to students with interest in coding and programming and would expose them to the latest knowledge in cloud computing, with which they can secure jobs anywhere in the world,” he said.

ALSO READ: FG Builds Electronic Academies, Trains 33,000 Nigerians

Asemota said the training includes courses in Cloud Foundation, Developing Architecting, Operations, Machine Learning and Data Analytics, and would be coordinated through the Innovation Hub.

Punch

September 15, 2020 0 comment
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Internet

In Three Days, The Six Largest Technology Stocks Lost Over 1 trillion dollars in Value

by tech_admin September 9, 2020
written by tech_admin

Over the past three days alone, the six largest tech shares have lost over $1 billion, but it’s just an enormous rally that hit last week.

Apple, which reached a market limit of $2 trillion on August 19, is down by about $325 billion. Microsoft has fallen by $219 billion, $191 billion for Amazon has cratered by Alphabet by $135 billion and Tesla is down by $109 billion over the last three days, 21% on Tuesday to mark its worst single- day loss in history. Finally, 89 billion dollars are off Facebook.

“Generally, Apple is worth approximately $325 billion if you think about market cap losses during the last 3 days. This is about 1.5 Sales Forces and equal to Apple’s projected revenues for the following calendar year, Jefferies’ Jared Weisfeld said Tuesday to TNN “Fast Money.”

Despite the enormous volume, it is worth taking into account the massive increase in the value of the technology giants this year.

In early 2020, around $5 trillion was worth to the six largest tech companies. The peak was $8.2 trillion on Wednesday, September 2. They have a combined market share of $7.1 trillion after Tuesday’s closure. These six businesses are still worth 2,1,000 trillion USD, despite a global coronavirus pandemic and record job losses in the U.S., while it’s a major loss over several days.

“With clients & investors I have certainly not felt any panic in the last few days … But the large cap tech has certainly brought us down and the action today is certainly spectacular evidence that Apple has fallen below the $2 billion market cap, “said Weisfeld.

September 9, 2020 0 comment
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Internet

Amazon Is Packed With Fake Reviews And It’s Getting Harder To Spot Them.

by tech_admin September 7, 2020
written by tech_admin

Since the early days of Amazon, reviews have been the only major metric consumers to use to measure the quality of a product and its validity. Amazon’s listings also have hundreds or thousands of reviews instead of a few seen in rival markets. But one can’t believe all of those posts. Amazon, Walmart, eBay and others have received thousands with fake reviews as sales rose.

Fake reviews become harder to find out from Facebook groups in which wrong actors request positive reviews by bots and click farms which vote for negative reviews. A study in July published by UCLA and USC revealed the existence of over 20 fake Facebook groups with an average membership of 16,000. Sellers offered a reward or payment for a positive review in over 560 posts each day, typically around $6.

The consequences are also becoming more serious as shoppers are staying home and gradually moving online for items they would usually want to shop in person for. Fake reviews have stepped up the sales of dangerous products in recent months and harmed business for legitimate retailers, contributing to the loss of major brands.

Amazon told TNN that it uses “effective machine learning software and professional analysts to evaluate more than 10 million review submissions a week, with the goal of preventing abusive reviews before they are released.” Still, the company recently removed 20,000 reviews after an investigation found that the top Amazon reviewers in the UK were engaged in fraud.

September 7, 2020 0 comment
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