YouTube To Commence Automatic Product Identification In Videos

Online video-sharing giant YouTube is set to roll out automatic product detection in uploaded videos on its platform so as to give Google its own piece of the incredibly lucrative affiliate link market, while also tying commerce directly to video uploads.

Makers Of Sophia The Robot Set For Mass Rollout

Hanson Robotics, the company behind the popular humanoid robot ‘Sophia the robot’ has announced plans to mass-produce robots by the end of 2021. The company, based in Hong Kong said four models of the humanoid including Sophia would begin rolling out of factories in the first half of the year.

Reddit To Buy TikTok Rival Dubsmash

American Social network firm, Reddit has on Sunday disclosed that it would buy a short-video platform, Dubsmash, expanding to compete with Chinese-owned TikTok. According to Reuters, Reddit said the terms of the acquisition were based on a combination of cash and stock.

Flutterwave And Paypal Collaborates To Ease Business On African Merchants

Nigeria and Africa’s leading financial technology company Flutterwave have teamed up with US payments giant, Paypal to enable users anywhere in the world to make direct payment to African merchants. In 2017, Africa eCommerce value totalled $16.5 billion and it is expected to reach $29 billion by 2022. Flutterwave has exploited this economy area in Africa by offering flexible, quick and affordable payment services to individuals and businesses across the continent.

Samsung Vice Chairman Bags Two And Half Years Jail Term For Corruption

Lee Jae-Yong, the Executive Vice Chairman of the South Korean tech giant, Samsung, has bagged a two and half years jail term today over corruption charges, the ruling that would deprive him of his decision making power.

Facebook To Launch Lagos Office In 2021

Social Media giant, Facebook has announced that it would be opening its second office in Africa and first on the continent to house software engineers via an office in Lagos by 2021. According to Nunu Ntshingila, Regional Director, Facebook Africa, “We’re delighted to be announcing our new office in Nigeria. Five years on from opening our first office on the continent in Johannesburg, South Africa, we’re continuing to invest in and support local talent, as well as the various communities that use our platforms. The office in Lagos will also be key in helping to expand how we service our clients across the continent.”