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Intels Foundry Business Reports $7 Billion Operating Loss in 2023

In 2023, Intel revealed a notable rise in operational losses for its foundry division, amounting to $7 billion, as opposed to $5.2 billion in the year

In 2023, Intel revealed a notable rise in operational losses for its foundry division, amounting to $7 billion, as opposed to $5.2 billion in the year prior. Intels stock fell 4.3% as a result of this news. CEO Pat Gelsinger blamed previous choices, such as avoiding investing in Extreme Ultraviolet EUV equipment that would have reduced costs, for the losses. After anticipating further losses in 2024, the corporation hopes to break even by 2027. To become more competitive, Intel has switched to using EUV technologies. To draw in outside customers, Intel also intends to invest $100 billion in semiconductor plants throughout the United States and will disclose manufacturing activities separately. Read More..

B2B Tech News | 1 years ago          

Settlement Reached Google to Overhaul Chromes Incognito Mode Privacy

A misconfiguration problem on the OWASP Foundations old Wiki web server in late February 2024 resulted in a data leak affecting member resumes from 20

A misconfiguration problem on the OWASP Foundations old Wiki web server in late February 2024 resulted in a data leak affecting member resumes from 2006 to 2014. Names, contact information, and other personal data were exposed. Promptly, the Foundation secured the server, cleared the cache, and asked to be removed from the Web Archive. Most of those impacted are no longer connected to OWASP, and the compromised information is outdated. OWASP will reach out to those whose details are still up to date, cautioning against unwanted correspondence. In general, those impacted are advised to exercise an everyday sense of care regarding privacy. Read More..

B2B Tech News | 1 years ago          

Breaking New Ground Apple Introduces ReALM Language Model for Improved Chatbot Interpretation

ReALM, a big language model developed by Apple researchers, is said to beat OpenAIs GPT4 on some benchmarks. For chatbots to read unclear language, re

ReALM, a big language model developed by Apple researchers, is said to beat OpenAIs GPT4 on some benchmarks. For chatbots to read unclear language, reference resolution is a critical task that ReALM seeks to comprehend. It discerns between conversational, background, and onscreen elements to effectively understand user inquiries. ReALM significantly outperforms GPT4 with bigger models, and the article shows this by reaching a performance close to or better than GPT4. ReALM performs far better than GPT4 when given screenshots and written prompts. ReALM performs well in this benchmark, but its too soon to say that its better than anything else. Apples integration plans for ReALM into iOS and macOS still need to be discovered despite its potential advances. Read More..

B2B Tech News | 1 years ago          

Telegram Business Unveils New Features for Enhanced Customer Communication

Several new capabilities have been added to Telegram company to improve consumer and company communication. These features are now free for Premium us

Several new capabilities have been added to Telegram company to improve consumer and company communication. These features are now free for Premium users to use. Companies may use customisable start pages to welcome clients, show off their location and business hours, and expedite conversation with speedy answers. Chat tags and folders allow for structured talks, while automated welcome and away messages guarantee constant communication. Additionally, companies may include Telegram bots for automatic message processing and create direct chat links for more straightforward client interaction. These features enhance customer service and make businessconsumer interactions more seamless. Read More..

B2B Tech News | 1 years ago          

Breaking Barriers in Hiring Indeed Unveils Smart Sourcing for Seamless Talent Acquisition

Indeed created an AIpowered technology called Smart Sourcing, a worldwide jobmatching network, to help firms hire employees more quickly and easily. E

Indeed created an AIpowered technology called Smart Sourcing, a worldwide jobmatching network, to help firms hire employees more quickly and easily. Employers may access a talent pool of about 300 million workers worldwide by utilising AIpowered innovative sourcing, recommending the best applicants based on qualifications and experiences. The technology saves time and increases productivity by providing personalised messages to potential hiring and enabling customisable outreach. In a recent Indeed poll, employers reported difficulty finding competent applicants in 76% of Indias cases. By enhancing the matching process and simplifying communication, Smart Sourcing seeks to solve this. Furthermore, by stressing effectiveness and relevance in hiring, the platforms Specialist Media Networks assist companies in filling competitive employment positions. Read More..

B2B Tech News | 1 years ago          

Audi India Records 33% Surge in Retail Sales, Expects Strong Growth in 2024

For the fiscal year that ended on March 31, 2024, Audi India had a notable 33% increase in retail sales, selling 7,027 vehicles as opposed to 5,275 un

For the fiscal year that ended on March 31, 2024, Audi India had a notable 33% increase in retail sales, selling 7,027 vehicles as opposed to 5,275 units in the prior fiscal year. Supply chain interruptions hurt sales in the first quarter, but the firm is still confident it can sell more than 50,000 cars by 2024 because of strong demand and a wide range of products. Despite obstacles, Audi India continued to thrive, selling 1,046 cars domestically in only the March quarter. In addition, the preowned vehicle market had a 50% rise in FY 23–24 over FY 22–23, with a 25% gain from January to March. Read More..

B2B Tech News | 1 years ago          

Trump Medias Stock Dives 21% as $58 Million Losses Unveiled PostMerger

After revealing nearly $58 million in losses for 2023, Trump Media & Technology Group shares fell 21% on Monday, wiping all gains from its recent laun

After revealing nearly $58 million in losses for 2023, Trump Media & Technology Group shares fell 21% on Monday, wiping all gains from its recent launch. Given its low sales, analysts blame the decline on overvaluation and scepticism about profitability. Trump is prohibited from selling or using his 78.75 million shares for six months. Short sellers recovered a sizable portion of their losses during the selloff, making $65 million on Monday alone. Reddits $800 million sales in 2023 were significantly more than the companys $4.13 million, which raised questions about its ability to pay its debts. The future of Trump Media is further clouded by a legal battle it has with its cofounders about ownership shares. Read More..

B2B Tech News | 1 years ago          

Japan Approves Billions in Subsidies for Chip Foundry Venture Rapidus

Tokyos efforts to revive the nations chip manufacturing sector have included the approval of subsidies for chip foundry venture Rapidus, reaching up t

Tokyos efforts to revive the nations chip manufacturing sector have included the approval of subsidies for chip foundry venture Rapidus, reaching up to 590 billion yen $3.9 billion by the Ministry of Industry in Japan. This clearance follows a preliminary subsidy arrangement valued at around 330 billion yen. As part of the recently authorised aid, 53.5 billion yen will go into improved packaging, which is essential to improving chip performance. Under the direction of seasoned industry professionals, Rapidus plans to begin producing sophisticated chips in large quantities in Hokkaido by 2027, working with IBM and Imec. The action reflects international attempts to strengthen supply chain management over chips, spurred by the COVID19 epidemic and trade disputes. However, given Taiwan Semiconductor Manufacturing Co.s wealth of experience and knowledge in the sector, some industry experts need clarification about Rapidus prospects. Read More..

B2B Tech News | 1 years ago          



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