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Elon Musks $56 Billion Pay Package Invalidated by Delaware Court

A Delaware court declared Elon Musks $56 billion 2018 compensation package illegal, raising concerns about Teslas future leadership and governance. Th

A Delaware court declared Elon Musks $56 billion 2018 compensation package illegal, raising concerns about Teslas future leadership and governance. The compensation plan, which granted Musk options valued at over $51 billion, was deemed unjust to shareholders by the court, raising concerns about the boards independence at Tesla. The court expressed worries about the boards lack of control over Musk and called for a review of the method used to determine remuneration. Musk has yet to state how he would respond to the decision, although it seems probable that he will appeal. The decision triggered discussions on the necessity of additional independent board members and potential difficulties in arranging a replacement package. Read More..

B2B Tech News | 2 years ago          

Regulatory Woes Paytm Payments Bank Banned from Accepting New Funds by RBI

Paytm Payments Bank has received instructions from the Reserve Bank of India RBI to cease taking new deposits and money in its wallets and accounts as

Paytm Payments Bank has received instructions from the Reserve Bank of India RBI to cease taking new deposits and money in its wallets and accounts as of March. This action comes after the RBI decided in 2022 to stop adding new customers to the bank. The most recent instruction was brought about by ongoing noncompliance and supervisory issues discovered during an audit. According to Paytm, the RBIs move wont impact deposits made by current users, and it will abide by the directive. The change is anticipated to affect Paytms business operations negatively and give rise to worries about regulatory monitoring in Indias fintech industry. Read More..

B2B Tech News | 2 years ago          

AI Suspected Europcar Casts Doubt on Legitimacy of Reported Data Breach

The massive rental car company Europcar has said that it most likely isnt true that a data breach affected the personal data of over 48 million of its

The massive rental car company Europcar has said that it most likely isnt true that a data breach affected the personal data of over 48 million of its customers. After receiving a tip from a threat intelligence provider, the organisation investigated the claimed breach and discovered discrepancies in the data that suggested it may have been created using ChatGPT or another AI platform. The event raises concerns about the need for enhanced authentication and verification techniques to determine the validity of data breaches since it shows how AIgenerated data may be misused to produce manufactured breaches. Read More..

B2B Tech News | 2 years ago          

Google Introduces “Circle to Search” Feature on Pixel 8 and Samsung Galaxy S24 Series

Thanks to Google, the Circle to Search function is now available on the Pixel 8, Pixel 8 Pro, and Samsung Galaxy S24 series. With this function, users

Thanks to Google, the Circle to Search function is now available on the Pixel 8, Pixel 8 Pro, and Samsung Galaxy S24 series. With this function, users may utilise gestures like circling, highlighting, sketching, or tapping to search on their phone from anywhere. The goal is to make Google Search more natural for consumers to interact with without interfering with their ongoing activities. Users may search for content linked to what they are seeing or discussing by, for instance, circling an object in a video or tapping on a phrase in a messaging app. The features quick and easy access to search capabilities will improve the user experience overall. Read More..

B2B Tech News | 2 years ago          

U.S. Identifies Chinese Tech Firms on Defense Department List Over Military Allegations

The Defence Department compiled a list of Chinese corporations that are purportedly collaborating with Beijings military, and the US has added more th

The Defence Department compiled a list of Chinese corporations that are purportedly collaborating with Beijings military, and the US has added more than a dozen of these companies to it. Companies including memory chip manufacturer YMTC, AI startup Megvii, lidar manufacturer Hesai Technology, and IT startup NetPosa are among those on the most recent list. While being included on the list does not result in immediate prohibitions, it can harm the standing of the listed businesses and alert American organisations to the dangers of doing business with them. This action is a component of US efforts to impose sanctions on Chinese businesses that are thought to fortify Beijings armed forces. Read More..

B2B Tech News | 2 years ago          

Argentinas President Javier Milei Taps Tinder to Connect with Big Tech

Renowned libertarian Argentine president Javier Milei is allegedly using Tinder to establish connections with worldwide Big Tech. Milei reported that

Renowned libertarian Argentine president Javier Milei is allegedly using Tinder to establish connections with worldwide Big Tech. Milei reported that he spoke with Sean Rad, the cofounder of Tinder, during a conference call, and they decided to bring other digital entrepreneurs to Buenos Aires for a tech summit. This project is a component of Mileis more significant endeavour to draw investment in several industries, such as mining, technology, and oil, to alleviate Argentinas economic difficulties. With a pledge to take unorthodox steps to get the nation out of a dire economic situation, Milei ran for president. Read More..

B2B Tech News | 2 years ago          

AMD Boosts AI Processor Forecast to $3.5 Billion for 2024

The chip manufacturer AMD Advanced Micro Devices has raised its estimate for Artificial Intelligence AI processors to $3.5 billion overall by $1.5 bil

The chip manufacturer AMD Advanced Micro Devices has raised its estimate for Artificial Intelligence AI processors to $3.5 billion overall by $1.5 billion by 2024. The tripling of AI processor estimates did not meet Wall Streets lofty standards, though, and investors were unhappy. AMDs total sales for the fourth quarter came to $6.17 billion, a little more than the $6.12 billion experts had predicted. Although the AI area performed well, there were worries about the programmable chip markets fragility and a decline in gaming income. Read More..

B2B Tech News | 2 years ago          

Job Cuts Ahead PayPal to Reduce Workforce by 9%

According to reports, payments company PayPal Holdings PYPL.O intends to eliminate around 2,500 positions this year, or 9% of its total staff worldwid

According to reports, payments company PayPal Holdings PYPL.O intends to eliminate around 2,500 positions this year, or 9% of its total staff worldwide. In a letter to employees, PayPal CEO Alex Chriss announced that the business has decided to "rightsize" by eliminating unfilled positions and making direct layoffs over the year. By the end of the week, notice is anticipated to be given to the impacted employees. The change aims to provide PayPal with the ability to act faster to serve its clients and spur profitable expansion. The corporation has been concentrating on cutting costs and boosting income that isnt just transactionrelated. Read More..

B2B Tech News | 2 years ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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