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Nokias Q4 Operating Profit Beats Expectations Amid 5G Equipment Sales Dip

Despite sluggish sales of 5G equipment, Nokia reported betterthanexpected operating earnings for the fourth quarter. The Finnish telecom equipment man

Despite sluggish sales of 5G equipment, Nokia reported betterthanexpected operating earnings for the fourth quarter. The Finnish telecom equipment manufacturer was able to control expenses, and it expects demand to pick up in the second half of 2024. Comparable net sales for Nokia fell 23% to 5.71 billion euros in the quarter, falling short of projections. In the second half of the year, the business anticipates increased network infrastructure sales and better profits as costcutting initiatives start to pay off. With cell providers cutting down on buying new 5G equipment, Nokia is operating in a challenging market. Read More..

B2B Tech News | 2 years ago          

Shein Investors Seek to Sell Shares, Valuation Drops to $45 Billion

According to reports, Sheins investors are trying to sell the Chinese online retailers shares on the private market for as little as $45 billion. This

According to reports, Sheins investors are trying to sell the Chinese online retailers shares on the private market for as little as $45 billion. This is a roughly 30% reduction from its valuation from around one month ago. Shein was valued between $45 billion and $55 billion by stock sales in late 2023, a significant decrease from its May fundraising round valuation of $66 billion. Shein has faced difficulties, such as legal battles with competitors and a cybersecurity assessment by Chinas Cyberspace Administration. Read More..

B2B Tech News | 2 years ago          

Major Privacy Breach Hits BuyGoods.com as Database Exposes 260,000 Records

Over 260,000 customer and affiliate details have been compromised due to a significant privacy breach caused by discovering a misconfigured database c

Over 260,000 customer and affiliate details have been compromised due to a significant privacy breach caused by discovering a misconfigured database connected to the online retailer BuyGoods.com. The 198.3 GB unprotected database held a variety of sensitive data, such as invoices, refund transactions, affiliate payouts, and personal information, including passports, identity cards, and unredacted credit card information. The database wasnt protected for a while, even after the information was responsibly disclosed, and the exposed material seriously threatened privacy. These events show how important it is to have robust database security protocols and frequent audits to stop data breaches and leaks. Read More..

B2B Tech News | 2 years ago          

Equinix and Nvidia Join Forces to Offer Direct Access to AI Supercomputing Equipment

Data centre operator Equinix and chipmaker Nvidia will provide business clients access to Nvidias supercomputing equipment. By facilitating the owners

Data centre operator Equinix and chipmaker Nvidia will provide business clients access to Nvidias supercomputing equipment. By facilitating the ownership of Artificial Intelligence AI computer systems, businesses can better manage their data than renting Nvidias processors from cloud computing providers such as Amazon or Microsoft. By working together, corporate clients may buy Nvidia systems while paying Equinix to construct and manage them effectively, easing worries about security and privacy. The service is intended to serve companies who want to be the proprietors of their AI computer infrastructure. Read More..

B2B Tech News | 2 years ago          

Google Settles $1.67 Billion Patent Infringement Lawsuit with Singular Computing

Google and Singular Computing, the company that makes the processors that underpin Googles Artificial Intelligence AI technology, have settled their p

Google and Singular Computing, the company that makes the processors that underpin Googles Artificial Intelligence AI technology, have settled their patent infringement dispute. In the case, Google was accused of misusing Singular Computings computerprocessing breakthroughs in its AI capabilities, such as Google Search, Gmail, and Translate, which demanded $1.67 billion in damages. Although the specifics of the settlement remained undisclosed, Google and Singular officials verified the outcome. Google expressed pleasure with the settlement and said it did not infringe Singulars patent rights. Since 2019, the case has been pending. Read More..

B2B Tech News | 2 years ago          

Florida House Passes Bill Targeting Social Media Access for Children

A measure to prohibit minors under sixteen from using social media has been adopted by the Florida House of Representatives. Under the proposed legisl

A measure to prohibit minors under sixteen from using social media has been adopted by the Florida House of Representatives. Under the proposed legislation, social media companies would have to delete the accounts of any users who are younger than 17 and set up a thirdparty verification mechanism to filter out minors. Additionally, the measure permits parents to file civil lawsuits against platforms that violate its requirements and requires permanently destroying any personal data gathered from closed accounts. The measure was opposed by Meta, the parent corporation of Facebook and Instagram, due to worries about data privacy and the limitation of parental choice. Read More..

B2B Tech News | 2 years ago          

IMF Forecasts Burundis Economy to Expand by 4.3% in 2024

As opposed to 2.7% in 2023, the International Monetary Fund IMF predicts that Burundis GDP will grow by 4.3% in 2024. Prosperous investment, sustained

As opposed to 2.7% in 2023, the International Monetary Fund IMF predicts that Burundis GDP will grow by 4.3% in 2024. Prosperous investment, sustained reforms, and robust agricultural output are anticipated to underpin the rise. The nations economy is mainly based on agricultural exports, especially coffee and tea. Burundi has had economic difficulties recently, such as a scarcity of hard currency following a political crisis 2015 and the inflationary fallout from the conflict between Russia and Ukraine in 2022. The United States assistance commitments and the European Unions financial support have both resumed, which has helped the economy recover. Read More..

B2B Tech News | 2 years ago          

Saudi Arabias MultiBillion Dollar Investment to Transform into an Electric Vehicle Hub

As part of Crown Prince Mohammed bin Salmans strategy to diversify the economy, Saudi Arabia is investing billions to realise its goal of becoming a c

As part of Crown Prince Mohammed bin Salmans strategy to diversify the economy, Saudi Arabia is investing billions to realise its goal of becoming a centre for Electric Cars EVs. The government established an EV metals facility, introduced Ceer, Saudi Arabias EV brand, and invested $10 billion in Lucid Motors. By 2030, the Public Investment Fund PIF wants to have produced 500,000 EVs a year. The hurdles include the absence of a local industry to provide vehicle parts, the competitiveness of existing businesses, and the requirement to acquire raw materials like lithium. Despite the challenges, Saudi Arabia aims to increase its share of the expanding Electric Vehicle EV industry. 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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