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Apple Stock Faces 4% Decline in 2024 Amid iPhone Sales Concerns, Vulnerable to Microsofts Surge

Apples stock fell 4% in 2024 due to worries over iPhone sales, leaving it open to Microsoft overtaking it as the most valuable firm in the world. Micr

Apples stock fell 4% in 2024 due to worries over iPhone sales, leaving it open to Microsoft overtaking it as the most valuable firm in the world. Microsoft has a market value of $2.837 trillion, whereas Apples is $2.866 trillion. According to reports, iPhone sales in China dropped 30% in the first week of 2024, which can be attributed to more fierce rivalry from regional rivals like Huawei. Microsofts valuation, however, has increased by around 2% this year. Apple is scheduled to release the Vision Pro mixedreality headset on February 2, but worries still exist according to UBS, the headgears effect on profits per share in 2024 will be "relatively immaterial." Apple releases results on February 1. Read More..

B2B Tech News | 2 years ago          

SEC Approves First U.S.Listed Bitcoin ETFs BlackRock, Fidelity, and Others Get the Nod

Major organisations like BlackRock, Ark Investments/21Shares, Fidelity, Invesco, and VanEck had their first bitcoin exchangetraded funds ETFs certifie

Major organisations like BlackRock, Ark Investments/21Shares, Fidelity, Invesco, and VanEck had their first bitcoin exchangetraded funds ETFs certified by the U.S. Securities and Exchange Commission SEC and listed in the country. This historic ruling exposes investors to bitcoin without requiring them to keep the digital currency outright, with potential inflows estimated to be between $50 billion and $100 billion. The action signals a change in the SECs position and a rise in institutional acceptance of Bitcoin. SEC Chair Gary Gensler, who concurred in authorising the ETFs, noted that bitcoin is a speculative and volatile asset class and stressed that this does not imply support. The choice is a pivotal moment in developing Bitcoin as an asset class. Read More..

B2B Tech News | 2 years ago          

Paraguay Military Issues Warning After Black Hunt Ransomware Hits Tigo Business

After an assault on Tigo Business, Paraguays military has issued a warning regarding Black Hunt ransomware attacks. The most prominent cell provider i

After an assault on Tigo Business, Paraguays military has issued a warning regarding Black Hunt ransomware attacks. The most prominent cell provider in Paraguay, Tigo, verified the security breach that impacted its Tigo Business segment, which offers digital solutions to businesses. According to reports, the assault compromised backups and affected over 330 systems using the Black Hunt ransomware. The Paraguayan militarys General Directorate of Information and Communication Technologies sent a warning on the Black Hunt ransomware assaults, stressing that over 300 Tigoaffiliated businesses were affected and that backups, emails, web pages, and cloud storage were compromised. Read More..

B2B Tech News | 2 years ago          

Microsoft Considers Future of Beijing Research Lab Amid USChina Tensions

According to reports, Microsoft is discussing the future of its Beijing research facility in light of the escalating USChina tensions. The growth of a

According to reports, Microsoft is discussing the future of its Beijing research facility in light of the escalating USChina tensions. The growth of artificial intelligence and the tense ties between the two countries have made the lab a focus of national security worries. Brad Smith, the company president, and CEO Satya Nadella have discussed this for at least a year. The potential for Chinese hackers or infiltration into the lab and the possibility of researchers departing to work for Chinese businesses with solid government connections are among the conceivable hazards. While drafting legislation prohibiting new US investments in Chinese corporations engaged in sensitive technology, the Biden administration also questioned Microsoft about the facility. Read More..

B2B Tech News | 2 years ago          

OpenAI Introduces GPT Store, Enabling Users to Share and Download Custom Chatbots

OpenAI has unveiled two new products ChatGPT Team, a new solution for companies, and the GPT Store, which is dubbed OpenAIs equivalent of the App Stor

OpenAI has unveiled two new products ChatGPT Team, a new solution for companies, and the GPT Store, which is dubbed OpenAIs equivalent of the App Store and lets users post customised chatbots GPTs for others to buy. ChatGPT Team offers a shared workspace and lets teams create their GPTs. It is priced at $25 per user per month annual payment or $30 per user per month monthly payment and is intended for enterprises with less than 150 users. Community members may create and distribute GPTs through the GPT Store, and shortly, a revenue programme for GPT builders will be launched. OpenAI has been expanding its AI product line quickly, and these new offers will help the business generate more income. Read More..

B2B Tech News | 2 years ago          

Bipartisan U.S. Lawmakers Introduce Legislation to Regulate AI Risks

A bipartisan group of U.S. politicians has presented legislation requiring government agencies and their A.I. providers to adopt best practices for co

A bipartisan group of U.S. politicians has presented legislation requiring government agencies and their A.I. providers to adopt best practices for controlling the risks associated with artificial intelligence. The proposed measure, which would require federal agencies to accept A.I. rules established by the Commerce Department, is considered a minor step towards regulating A.I. in the United States. Furthermore, the measure would mandate that the Commerce Department create specific guidelines for A.I. vendors serving the U.S. government and that these vendors grant access to data, models, and parameters to enable adequate testing and assessment. Read More..

B2B Tech News | 2 years ago          

Mozambique Receives $60.7 Million as IMF Concludes Third Review of Loan Program

With the completion of the third assessment of Mozambiques threeyear loan programme, the International Monetary Fund IMF has made it possible for Mapu

With the completion of the third assessment of Mozambiques threeyear loan programme, the International Monetary Fund IMF has made it possible for Maputo to receive an immediate payment of almost $60.7 million. Currently, around $273 million has been disbursed under the $456 million Extended Credit Facility programme, which was approved in 2022. The IMF observed that Mozambique has made acceptable progress in lowering inflationary pressures and quickening the countrys economic recovery. Supporting economic recovery, lowering public debt, addressing financial vulnerabilities, and facilitating public investments in infrastructure, human capital, and climate adaptation are the main objectives of the threeyear agreement. Read More..

B2B Tech News | 2 years ago          

Indias DeepSea Oil Project Off Kakinada Coast Commences Production

The first oil was produced from a deepsea project on 7 January in the Krishna Godavari Basin, 30 kilometres off the coast of Kakinada, according to In

The first oil was produced from a deepsea project on 7 January in the Krishna Godavari Basin, 30 kilometres off the coast of Kakinada, according to Indias Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri. The COVID19 epidemic caused delays for the project, which was started in 2016–17 and is run by the Oil and Natural Gas Corporation ONGC. Four of the 26 wells are now producing, according to Puri, and by May or June, the project hopes to generate 45,000 barrels per day or 7% of Indias total production of petrol and crude oil. Read More..

B2B Tech News | 2 years ago          



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