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Nvidia’s Q2 Revenue Forecasted at $28.68 Billion, Doubling Previous Figures

Driven by rising demand for its AI processors, Nvidia NVDA.O is likely to announce a more than 100% gain in its secondquarter revenue, projected to re

Driven by rising demand for its AI processors, Nvidia NVDA.O is likely to announce a more than 100% gain in its secondquarter revenue, projected to reach approximately $28.68 billion. Investor worries about living up to lofty expectations and possible delays in its nextgeneration Blackwell AI processors have caused volatility despite the companys shares rising 150% this year. Above the industry average, the companys stock is priced at 37 times its projected profits. Nvidia also has to deal with regulatory difficulties about its sales methods and possible antitrust issues. Analysts will be keenly watching Nvidias sales prediction for the third quarter, expected to increase by 75% to $31.69 billion, to assess the companys capacity to overcome these obstacles and maintain growth. Read More..

B2B Tech News | 1 years ago          

China Allocates $15 Billion for Western Pacific Military Exercises in 2023

Taiwanese estimates indicate that in 2023, China spent around $15 billion, or 7% of its defence budget, on military drills in the Western Pacific. Bei

Taiwanese estimates indicate that in 2023, China spent around $15 billion, or 7% of its defence budget, on military drills in the Western Pacific. Beijings aim to strengthen its military presence around Taiwan and its neighbouring territories is reflected in this enormous spending. According to data gathered from Chinese air and naval operations, this expenditure accounts for almost 85% of Taiwans defence budget for 2023. With more than 29,000 hours of flight time and 1.7 million hours at sea, Chinas military engages in massive air and naval operations. The additional spending is intended to prepare for future wars, particularly those involving Taiwan, and to establish control over the First Island Chain. The reports from Taiwan draw attention to Chinas determination to enhance its military might and the escalating tensions in the area. Read More..

B2B Tech News | 1 years ago          

Indonesian Banks to Reveal Detailed Lending Rates Under New OJK Regulation

Under a new Financial Services Authority regulation, Indonesian banks must start disclosing a comprehensive breakdown of their lending rates, includin

Under a new Financial Services Authority regulation, Indonesian banks must start disclosing a comprehensive breakdown of their lending rates, including margins, in October OJK. This rule seeks to safeguard fair borrowing rates and boost industry competitiveness by encouraging efficiency and openness in interest rate setting. President Joko Widodo criticised excessive bank profits, arguing they impeded loan growth. The OJK took action in response. At 4.57%, Indonesian banks now have Southeast Asias most significant net interest margin. Banks are subject to fines of up to 15 billion rupiah $970,000 for failing to provide clients with uptodate rate information and disclose risk premiums to the OJK monthly under the new legislation. Read More..

B2B Tech News | 1 years ago          

Meta Platforms Secures Geothermal Power Deal to Boost U.S. Data Centers for AI Expansion

Meta Platforms has agreed with Sage Geosystems to buy geothermal electricity for its U.S. data centres to support its growing artificial intelligence

Meta Platforms has agreed with Sage Geosystems to buy geothermal electricity for its U.S. data centres to support its growing artificial intelligence infrastructure. The 150megawatt project, expected to start in 2027, will significantly increase the United States geothermal energy usage. It will be east of the Rocky Mountains, while the exact site is still in the air. The Biden administrations push for investments in clean energy in light of the growing need for power due to artificial intelligence technology aligns with this agenda. With support from Chesapeake Energy and Nabors Industries, the geothermal project will be Sages most extensive to date. With AI workloads requiring significant data centre improvements, Meta is expected to incur additional capital expenditures of $37–40 billion by 2024. Read More..

B2B Tech News | 1 years ago          

Skye Air Mobility Partners with CARiTAS for Pioneering Drone Medical Deliveries in South Kerala

To transform medical delivery utilising drones, Skye Air Mobility has teamed up with Kottayam, Keralas CARiTAS Hospital & Institute of Health Sciences

To transform medical delivery utilising drones, Skye Air Mobility has teamed up with Kottayam, Keralas CARiTAS Hospital & Institute of Health Sciences. The Caritas Drone Medical Supply Delivery Unit is a novel venture in South Kerala that seeks to improve healthcare efficiency through the expeditious delivery of diagnostic samples and medical supplies. Drones will transport payloads up to 3 kg across 1015 km distances, cutting down on the hourslong delivery times to only 5–7 minutes and the carbon emissions associated with road transport. The first successful flight proved the systems capabilities and a complete deployment was scheduled. This partnership represents a significant development in healthcare logistics that will provide better access to healthcare in outlying places. Read More..

B2B Tech News | 1 years ago          

RedLine Stealer Malware Exploits Fake "Aw, Snap!" Error to Trick Users into Installing Malware

A new scam tricked people into installing malware by pretending to be an "Aw, Snap!" error message. A Trojan was downloaded from a shortened URL, and

A new scam tricked people into installing malware by pretending to be an "Aw, Snap!" error message. A Trojan was downloaded from a shortened URL, and visitors were asked to install a "root certificate" using deceptive PowerShell instructions. RedLine Stealer is the name of this virus, which managed to skip Windows Defender and install itself as a startup. A spoof popup was added to the websites `index.php` file and customised in many languages to trick users. Use twofactor authentication and strong passwords, keep frequent backups, and make sure your website is updated and secure regularly to protect against such threats. In an AIdriven digital world, always be wary of unwanted prompts and confirm the authenticity of any installation to improve user security. Read More..

B2B Tech News | 1 years ago          

IBM Unveils Telum II Processor and Spyre Accelerator to Supercharge Enterprise AI Capabilities

To improve enterprisescale AI capabilities, IBM presented the Spyre Accelerator for IBM Z mainframe systems and the future Telum II Processor at the H

To improve enterprisescale AI capabilities, IBM presented the Spyre Accelerator for IBM Z mainframe systems and the future Telum II Processor at the Hot Chips 2024 conference. The Telum II Processor integrates an AI accelerator core and Data Processing Unit DPU along with enhanced frequency, memory, and a 40% bigger cache to enhance speed and save energy usage. In addition, with a 75watt PCIe adaptor, the Spyre Accelerator provides scalable, ensemblemethod support and more AI processing capability. With the Spyre offering up to 1TB of memory and the Telum II anticipated to operate at 5.5GHz, these advancements meet the rising power requirements for generative AI. By 2025, both technologies should be ready. Read More..

B2B Tech News | 1 years ago          

McAfee Unveils Deepfake Detector to Combat Rising Threat of AIGenerated Audio

The Deepfake Detector is a tool developed by McAfee to detect advanced deepfake audio in videos in response to the increasing problem of recognising A

The Deepfake Detector is a tool developed by McAfee to detect advanced deepfake audio in videos in response to the increasing problem of recognising AIgenerated audio. As AI technology develops, creating highly realistic audio that resembles genuine voices is becoming more common, making it harder for listeners to tell which recordings are authentic. To protect users privacy, the Deepfake Detector analyses audio streams for possible deepfakes immediately on their devices. Users are notified with a red symbol and given details for additional verification if questionable audio is found. Nevertheless, the application cannot analyse DRMprotected content. McAfee intends to expand the Deepfake Detectors availability beyond Lenovo Copilot+ PCs to improve user security in an AIdriven digital world. Read More..

B2B Tech News | 1 years ago          



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