Tuesday, February 25, 2020

Pan-African e-commerce company Jumia reports 2019 revenues of €160.4M, up 24% YoY, operating loss of €227.9M, up 34% YoY; active customers reached 6.1M in Q4 (Jake Bright/TechCrunch)

Jake Bright / TechCrunch:
Pan-African e-commerce company Jumia reports 2019 revenues of €160.4M, up 24% YoY, operating loss of €227.9M, up 34% YoY; active customers reached 6.1M in Q4  —  Pan-African e-commerce company Jumia got into the black (by a small amount) on its gross profit vs. fulfillment expenses …



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US colleges like Virginia Tech and Georgia Tech are using AI to streamline admissions; Virginia Tech says AI that scores essay questions saved ~8,000 hours (Francesca Maglione/Bloomberg)

Francesca Maglione / Bloomberg : US colleges like Virginia Tech and Georgia Tech are using AI to streamline admissions; Virginia Tech say...