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Japanese Stocks Reach Historic Milestone, Surpassing Levels Last Seen in 1989

On Thursday, Japanese equities achieved a historic high, rising above levels last observed in 1989, the year of Japans economic bubble. The Nikkei sha

On Thursday, Japanese equities achieved a historic high, rising above levels last observed in 1989, the year of Japans economic bubble. The Nikkei share average broke its previous intraday high from more than three decades ago, rising to a new top of 39,156.97 points. This accomplishment heralds a new era for traders and investors after a 34year struggle to restore its footing. Japans stock market has outperformed expectations and drawn significant foreign investment despite obstacles, including recessions and geopolitical concerns worldwide. Corporate reforms, strong earnings, and prospects of further monetary policy assistance have driven the markets surge. In contrast to the frothy conditions of the 1980s, the revival of Japanese equities, driven by businesses such as Tokyo Electron and Fast Retailing, offers a more sustainable growth forecast. Read More..

B2B Tech News | 1 years ago          

Nvidia Beats Analyst Estimates with Strong Fourth Quarter Earnings

Nvidias fourth fiscal quarter profits were above analyst predictions, generating adjusted earnings per share of $5.16 and sales of $22.10 billion, exc

Nvidias fourth fiscal quarter profits were above analyst predictions, generating adjusted earnings per share of $5.16 and sales of $22.10 billion, exceeding Wall Streets expectations. For the current quarter, the business predicted even higher sales of $24.0 billion, citing strong demand for GPUs due to generative AI and the widespread use of accelerators. The net income increased by 769% to $12.29 billion over the prior year. The significant revenue increase was driven by data centre sales, especially for AI processors like the H100, even if US regulations hampered shipments to China. Although the availability of AI GPUs is increasing, the business expects limitations to persist, particularly regarding nextgeneration processors like the B100. Other sectors of the Nvidia business witnessed mixed results, with dropping car sales and a more moderate gain in the companys gaming division. Read More..

B2B Tech News | 1 years ago          

HSBC Faces Investor Concerns Over Rising Costs Despite Increased Revenues

Investors are becoming more concerned about HSBCs growing costs, which underscore large banks difficulties in controlling costs despite income growth.

Investors are becoming more concerned about HSBCs growing costs, which underscore large banks difficulties in controlling costs despite income growth. The bank predicted a 5% increase in costs in 2024 despite rising inflation, and it anticipated a 6% cost increase in 2023, attributing it to taxes in the United States and Britain. Investor concerns were raised by unanticipated writedowns and missed objectives despite the spike in pretax earnings. Barclays, which sought to lower its costincome ratio by 2026, likewise needed to meet its costsaving objectives. Banks are recommended to reevaluate pay plans and prioritise spending control in light of cost constraints. Amid growing expenses, shareholders closely examine CEO compensation, highlighting the necessity of sustainable methods in the face of economic uncertainty. Read More..

B2B Tech News | 1 years ago          

Reddit Strikes $60 Million Deal with Google for AI Model Training

According to reports, Reddit and Google have reached an annual agreement worth $60 million for Reddits material to train the search engine giants AI m

According to reports, Reddit and Google have reached an annual agreement worth $60 million for Reddits material to train the search engine giants AI models. In response to competition from platforms such as Facebook and TikTok, Reddit is diversifying its revenue streams in anticipation of its highly anticipated Initial Public Offering IPO. Reddit and Google both declined to comment on the collaboration. Still, it is noteworthy since this is the first time Reddit has reportedly worked with a large AI firm to monetise its site. Reddit hopes to give investors an overview of its financials and sell 10% of its shares when it files for an Initial Public Offering IPO this week. Read More..

B2B Tech News | 1 years ago          

plutos ONE Launches India’s First Conversational AIBased Offer Discovery Platform on WhatsApp

Plutos ONE has launched Indias first conversational AIbased offer discovery platform on WhatsApp to make it easier for customers to identify and acces

Plutos ONE has launched Indias first conversational AIbased offer discovery platform on WhatsApp to make it easier for customers to identify and access discounts. Like conversing with a buddy, users may have a dialogue with the AI to find deals customised to their interests. Users may easily locate the most excellent prices with the platforms access to over 400 companies in various categories, such as electronics, travel, eating, and cosmetics. The chatbot walks consumers through the process of quickly taking advantage of deals. Because it runs on WhatsApp, users can access it and remain up to speed on the newest bargains without any hassles. To improve accessibility, future versions will allow voice commands and regional languages. Read More..

B2B Tech News | 1 years ago          

upGrad Expands Learning Platform with Regional Language Translation Initiative

UpGrad, a wellknown learning platform in Asia, intends to broaden its offers by employing artificial intelligence AI to translate wellliked boot camps

UpGrad, a wellknown learning platform in Asia, intends to broaden its offers by employing artificial intelligence AI to translate wellliked boot camps & Certifications into regional languages, catering to beginners and experts. With over 40% of students coming from Tier 2 cities in India and beyond, the programme strives to enhance accessibility and educational opportunities. The initiative initially concentrated on Bengali, Hindi, Tamil, Telugu, Kannada and aimed to increase penetration into homes. UpGrad combines education with friends and counsellors who speak the local language to meet the requirements of a varied student body. The firm intends to expand services to its Enterprise arm for individualised corporate training, demonstrating its dedication to improving learner engagement and curriculum efficacy. Its investment in AI demonstrates this. Read More..

B2B Tech News | 1 years ago          

TSMCs New Plant Signals Resurgence of Japans Semiconductor Industry

With more Taiwanese chip companies extending their operations in Japan, the semiconductor sector is seeing a renaissance. Driven by the opening of a n

With more Taiwanese chip companies extending their operations in Japan, the semiconductor sector is seeing a renaissance. Driven by the opening of a new TSMC facility and Japans bright future in the semiconductor business, this trend highlights a change in the dynamics of the global chip industry as attempts are made to halt Chinas advances. Expanding their footprints in Japan, companies such as eMemory Technology and Alchip Technologies are taking advantage of the nations growing semiconductor sector. Japan is drawing significant investments due to its aggressive government assistance, friendly business climate, generous subsidies, and combination of these factors. Even as Japan seeks to revive its chip manufacturing industry, issues such as a shrinking labour force in semiconductorrelated enterprises continue to exist, indicating the necessity of ongoing talent development initiatives. Read More..

B2B Tech News | 1 years ago          

Google Unveils "Gemini for Google Workspace" AI Models for Businesses

On Wednesday, Google said that to compete with Microsoftbacked OpenAI, it will use its "Gemini" AI models to power some of its AI products for busines

On Wednesday, Google said that to compete with Microsoftbacked OpenAI, it will use its "Gemini" AI models to power some of its AI products for businesses, providing them a more affordable rate. Along with a Google Workspace membership, the renamed "Gemini for Google Workspace" will now cost between $20 and $30 per user each month. By automating processes and generating replies that resemble those of a person, generative AI services are becoming increasingly in demand. With a Google One AI Premium membership, individual users may utilise Gemini in their Gmail, Docs, Slides, Sheets, and Meet applications. Meanwhile, Google Workspace users can use Gemini as a standalone chat app, with no chats being used for advertising. Read More..

B2B Tech News | 1 years ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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