Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

HEADLINES

French Group FDJ Makes $2.5 Billion Cash Offer for Kindred Group

Kindred Group, an online gaming company, has officially announced that French group La Française des Jeux FDJ has made a cash buyout offer. FDJ will

Kindred Group, an online gaming company, has officially announced that French group La Française des Jeux FDJ has made a cash buyout offer. FDJ will purchase all of Kindreds outstanding share capital as part of the deal, which is expected to be revealed on Monday. Reports indicate that the bid is valued at about $2.5 billion. Kindred Group offers over 30 million consumers online gaming services under nine different brands in Europe, North America, and Australia. The purchase offer comes after FDJs November 2023 completion of its purchase of Premier Lotteries Ireland. Read More..

B2B Tech News | 2 years ago          

Terraform Labs, Creator of TerraUSD, Files for Chapter 11 Bankruptcy

The firm that created the stablecoin TerraUSD, Terraform Labs, has declared Chapter 11 bankruptcy in the US. The corporation, domiciled in Singapore,

The firm that created the stablecoin TerraUSD, Terraform Labs, has declared Chapter 11 bankruptcy in the US. The corporation, domiciled in Singapore, reported having assets and liabilities between $100 and $500 million. Throughout the Chapter 11 litigation, Terraform Labs intends to pay all its debts to suppliers and staff without more funding. The petition attempts to allow the firm to carry out its business strategy while managing existing legal actions, such as a Securities and Exchange Commission SEC lawsuit in the United States and representative litigation now pending in Singapore. The SECs lawsuit in civil court against Do Kwon, a cofounder of Terraform, is related to the demise of TerraUSD. Read More..

B2B Tech News | 2 years ago          

VF Corp Confirms Cyber Incident Impacting 35.5 Million Consumers Data

Vans parent company, VF Corp, disclosed that around 35.5 million customers personal data was compromised during a cyberattack in December. The unlawfu

Vans parent company, VF Corp, disclosed that around 35.5 million customers personal data was compromised during a cyberattack in December. The unlawful behaviour was discovered on December 13, resulting in delays in order fulfilment and disruptions in worldwide consumer orders on its ecommerce site. VF Corp did, however, say that it does not believe the event would have a significant financial impact. The business made it clear that its IT systems do not retain some types of sensitive data, like social security numbers, bank account information, or payment card information. Currently, there is no proof that customer credentials were stolen. VF Corp has addressed minor operational concerns and restored the affected IT systems and data. Read More..

B2B Tech News | 2 years ago          

Googles DeepMind Alumni in Talks to Launch AI Startup "Holistic" in Paris

According to reports, Laurent Sifre and Karl Tuyls, two scientists at Googles artificial intelligence subsidiary DeepMind, are negotiating with invest

According to reports, Laurent Sifre and Karl Tuyls, two scientists at Googles artificial intelligence subsidiary DeepMind, are negotiating with investors to launch an AI firm in Paris. The company, which is reportedly investigating a funding round that might reach more than €200 million $217.84 million, is known by its provisional moniker, Holistic. Although the companys actual emphasis is unknown, rumours indicate it may be on developing a new AI model. After being bought by Google over ten years ago, DeepMind has become a significant force in AI research, and it is not unusual for its former staff members to launch their firms. Read More..

B2B Tech News | 2 years ago          

DPD Disables AI Chat Function After User Tricks System into Composing Critical Poem

DPD, a UKbased package delivery company, turned off its artificial intelligence AI feature in its online chat platforms after a user encouraged the sy

DPD, a UKbased package delivery company, turned off its artificial intelligence AI feature in its online chat platforms after a user encouraged the system to write a poem criticising the companys inadequate customer care. After failing to obtain information on a shipment, the angry customer asked the chatbot to create a poem about poor chatbot service. Some of the poems lyrics read, "DPD was a customers worst nightmare and a waste of time." Following a glitch that resulted in the users conversation with the bot receiving attention on social media, DPD removed the AI component of its chat system. Read More..

B2B Tech News | 2 years ago          

Microsoft Discloses Cybersecurity Breach by Russian StateSponsored Group

Microsoft revealed that a Russian statesponsored group, identified as "Midnight Blizzard" or APT29, hacked into its corporate systems on January 12. T

Microsoft revealed that a Russian statesponsored group, identified as "Midnight Blizzard" or APT29, hacked into its corporate systems on January 12. The hackers gained access to a "tiny percentage" of Microsoft corporate email accounts, including those of senior leadership and staff in cybersecurity, legal, and other functions. Microsoft noted that the attack was not due to a specific vulnerability in its products or services and that there is no evidence the threat actor accessed customer environments, production systems, source code, or AI systems. The company disrupted the malicious activity and is actively investigating the incident. Read More..

B2B Tech News | 2 years ago          

IMF Approves $941 Million Loan for Kenya Amid Financial Challenges

Kenya has been granted a fresh loan of more than $941 million by the International Monetary Fund IMF to help with its financial difficulties, which in

Kenya has been granted a fresh loan of more than $941 million by the International Monetary Fund IMF to help with its financial difficulties, which include a heavy debt load and an unstable economy. The Executive Board of the IMF approved the loan, and $624.5 million was disbursed immediately. A sinking currency, a significant debt burden, and a crisis in the cost of living are just some of Kenyas economic difficulties. The loan is anticipated to assist the nations endeavours to accomplish macroeconomic stability, fortify policy frameworks, carry out significant reforms, and encourage growth that is both inclusive and environmentally friendly. Approximately $65.5 billion is Kenyas public debt, based on the most recent Treasury statistics. Read More..

B2B Tech News | 2 years ago          

U.S. and China Officials Hold First InPerson Meeting on Financial Stability

The new working group on financial stability and capital markets concerns is holding its first inperson meeting in China, with officials from the U.S.

The new working group on financial stability and capital markets concerns is holding its first inperson meeting in China, with officials from the U.S. Treasury and Chinese Finance Ministry beginning a twoday discussion in Beijing. Topics include multinational financial institutions, crossborder transfers, and collaboration in the fight against drug trafficking and money laundering will be discussed. In September, the two economic powers reaffirmed their involvement with each other by establishing a working group and a parallel economic panel. The Treasury Assistant Secretary for International Finance, Brent Neiman, the Undersecretary for Domestic Finance, Nellie Liang, and the Director of Financial Crimes Enforcement, Andrea Gacki, are leading the financial negotiations on the American side. Read More..

B2B Tech News | 2 years ago          



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   15335   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   12809   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   13184   

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.
   12931   

5.  Approximately 8 billion gadgets connect on the internet every day.
   16020   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.