Farmers Insurance Group is a financial services company that primarily offers insurance packages for vehicles, homes and small businesses. The company was founded in 1928 with its headquarters in California, USA. Farmers Insurance Group is a division of Zurich Insurance Group, a 151-year-old Switzerland based insurance company, and reportedly the largest in the Country. According…
Snapchat Launches New AI Feature
Snapchat is a multimedia instant messaging platform developed by Snap Inc, a social media company headquartered in California, USA. Its primary feature is that pictures, videos and messages are usually available for 24 hours until they disappear, although this setting can be changed for messages only. Snapchat was founded in 2011 and boasts of over…
PiggyVest: Over 1 Trillion Naira in 7 Years
PiggyVest, formerly known as Piggybank.ng, is an online savings and investment platform with its company’s headquarters in Lagos, Nigeria. The platform offers automated savings, target savings, dollar savings, etc. According to their official website, they currently boast of over 4,000,000 customers. As seen on X, Odunayo Eweniyi, Co-founder of the 7-year-old company, announced that the…
Japan: Toyota Suspends Assembly Operations
The Toyota assembly plants in Japan account for one third of the vehicle manufacturers global production, and recent reports claim that all 14 stations have suspended operations due to an undisclosed issue in its manufacturing process. This one-day suspension could possibly result in the output loss of over 10,000 vehicles, as witnessed in previous years….
OpenAI Introduces ChatGPT Enterprise
ChatGPT is OpenAI’s conversational artificial intelligence (AI) chatbot that has the ability to generate responses to a variety of topics in a human-like format. The responses are pre-trained with data from the internet and while they can be accurate, the machine still needs to be fact checked. As announced by OpenAI, ChatGPT Enterprise has been…
XPeng: $744 Million Partnership with DiDi
DiDi Chuxing Technology, also referred to as DiDi, is a transportation company that offers ride sharing services, including private car renting, bike sharing, electric vehicle (EV) charging, vehicle co-manufacturing. The company offers majority of these services through its mobile application, were it boasts of over 500 million users, with its headquarters in Beijing, China. According…
WhatsApp Launches HD Media
WhatsApp, the instant messaging platform, has released High-Definition (HD) image and video options to enable users send clearer versions of their media. Users now have the option to select the HD quality version of their picture before sending to their contact(s). The HD media is larger and would take longer to send, as seen in…
India Takes a Walk on the Moon
A moon landing is the touchdown of a spacecraft on the surface of the moon, irrespective of human crewed or robotic missions, both of these are considered a moon landing if there is contact with the moon. The first successfully reported unmanned mission (Luna 2) to the moon was by the Soviet Union in September…
LemFi Raises $33 Million to Foster Remittance
LemFi is a financial technology product registered under Lemonade Technology Limited in Canada. The fintech product is regularized by the Financial Transactions and Report Analysis Centre of Canada as a Money Service Business. They aid simple international money transfer through a mobile application and boast of over 500,000 customers. As announced by LemFi’s Co-founder Ridwan,…
Getir Cuts 2,500 Jobs
Getir is an on-demand grocery and food delivery company founded in 2015 and headquartered in Istanbul, Turkey. In 2022, the company announced a funding round of $768 million USD, that saw its valuation hit approximately $12 billion USD. Some of the regions being served by the delivery company include Turkey, Netherland, Germany, United Kingdom, and…