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Indian SUV Market Thrives in December, While Small Car Sales Face Decline

Sports Utility Vehicles SUVs saw a rise in sales in India in December, but sales of compact cars fell even with steep discounts. Mahindra & Mahindra a

Sports Utility Vehicles SUVs saw a rise in sales in India in December, but sales of compact cars fell even with steep discounts. Mahindra & Mahindra and Maruti Suzuki announced yearoveryear increases in domestic SUV sales of 39% and 24%, respectively. The SUV market grew due to the desire for luxury cars, which catered to a wealthier clientele less impacted by price increases. Maruti increased discounts on its entrylevel automobiles due to insufficient demand, despite automakers usually offering higher discounts at yearend. Sales of compact vehicles, such as the Alto and Baleno, decreased by 29%. Read More..

B2B Tech News | 2 years ago          

Celsius Network Gets Approval to Pivot to Bitcoin Mining from Bankruptcy Plan

Celsius Networks transition to bitcoin mining has been authorised by U.S. Bankruptcy Judge Martin Glenn, enabling the cryptocurrency lender to depart

Celsius Networks transition to bitcoin mining has been authorised by U.S. Bankruptcy Judge Martin Glenn, enabling the cryptocurrency lender to depart from its initial bankruptcy plan. Following the SECs rejection of Celsiuss first proposal to receive fees for crypto transaction validation, a decision was made. With this change, Celsius will no longer work with some outside bidders and will instead hand control over to U.S. Bitcoin Corp, a mining firm. Despite arguments for a second vote from creditors and the DOJs bankruptcy monitor, the court finally authorised the arrangement, with Celsius hoping to emerge from bankruptcy in early 2024. Reactions to the decision have been divided. Read More..

B2B Tech News | 2 years ago          

SEIDA, Chinese Startup, Aims to Challenge Global Dominance in OPC Technology

Former Siemens EDA workers created the Chinese business SEIDA to end the foreign monopoly on optical proximity correction OPC technology, which is nec

Former Siemens EDA workers created the Chinese business SEIDA to end the foreign monopoly on optical proximity correction OPC technology, which is necessary for creating cuttingedge microchips. With the support of investors such as Semiconductor Manufacturing International Corp SMIC, the business aims to dominate the OPC market worldwide. As Beijing steps in its attempts to attain selfreliance in chip technology, this action highlights the difficulties in limiting Chinas access to crucial semiconductor design tools. The competition between the United States and China for technological superiority in the semiconductor business is brought to light by SEIDAs concentration on OPC, a technology dominated by Western corporations. Read More..

B2B Tech News | 2 years ago          

Nvidia Adapts Launches GeForce RTX 4090 D for Chinese Market Amid Export Controls

The American semiconductor manufacturer Nvidia has introduced the GeForce RTX 4090 D, a redesigned gaming chip intended to abide by export laws aimed

The American semiconductor manufacturer Nvidia has introduced the GeForce RTX 4090 D, a redesigned gaming chip intended to abide by export laws aimed at China. Chinese consumers will be able to purchase the processor, which boasts enhanced performance and AIdriven visuals, starting in January 2024. Since export regulations in October prevented the sale of two modified AI chips, the A800 and H800, and a gaming chip, the RTX 4090, Nvidia has just released a chip explicitly focusing on China. With a more than 90% market share in Chinas $7 billion AI chip business, Nvidia is up against competition from local companies like Huawei and new prospects. At 12,999 yuan $1,842, the RTX 4090 D is a little slower than the RTX 4090 that is prohibited. Read More..

B2B Tech News | 2 years ago          

Australian Court Services Victoria Faces Cybersecurity Breach on Recordings Database

According to Louise Anderson, CEO of Court Services Victoria, hackers disrupted the audiovisual incourt technology network by targeting the court reco

According to Louise Anderson, CEO of Court Services Victoria, hackers disrupted the audiovisual incourt technology network by targeting the court records database in the Australian state of Victoria. The breach may have implicated stolen court hearing records from November 1, 2023, to December 21, 2023, and may have affected previous sessions. It also affected transcribing services. Anderson guaranteed that no other court systems or documents, such as personnel or financial information, were compromised and that access was limited to the network housing the recordings. Hearings were scheduled for January, and the impacted network was isolated. The event comes after cyberattacks against Australias homes, companies, and vital infrastructure. Read More..

B2B Tech News | 2 years ago          

U.S. Chief Justice Roberts Urges Caution on AI in Legal Field

Chief Justice John Roberts of the United States Supreme Court voiced a cautious assessment of artificial intelligences AI potential advantages in the

Chief Justice John Roberts of the United States Supreme Court voiced a cautious assessment of artificial intelligences AI potential advantages in the legal sector, highlighting the necessity of "caution and humility." Although Roberts acknowledged that AI might improve access to justice and expedite legal procedures, he also brought up privacy issues, the fact that AI cannot replace human judgement, and the fact that artificial intelligence has produced fake material that has resulted in false information appearing in court documents. The chief judge emphasised the need for cautious thought while applying AI, citing instances in which the "hallucinations" produced by AI led to the citation of fictitious court cases in court documents. Read More..

B2B Tech News | 2 years ago          

Arenadata Eyes IPO on Moscow Exchange in 2024 Sources

Three sources in the Russian financial industry SOURCE Reuters claim that Russian data collecting and storage platform developer Arenadata plans to c

Three sources in the Russian financial industry SOURCE Reuters claim that Russian data collecting and storage platform developer Arenadata plans to conduct an Initial Public Offering IPO on the Moscow Exchange in 2024. Later, the business acknowledged that, among other things, it was thinking about going public, although it gave no timeframe. According to Arenadata, "Among the choices is access to the public capital market, which is not eliminated. Furthermore, we think that any quickly growing IT business will naturally reach this level of growth." The change reflects the companys investigation of various business growth and talent acquisition strategies within the IT sector. Read More..

B2B Tech News | 2 years ago          

Kaspi.kz Posts Strong Q3 Results Net Income Surges 40% to $512 Million

The massive fintech company Kaspi.kz, located in Kazakhstan and valued at about $19 billion on the London Stock Exchange, announced impressive Q3 resu

The massive fintech company Kaspi.kz, located in Kazakhstan and valued at about $19 billion on the London Stock Exchange, announced impressive Q3 results and moved closer to a U.S. listing by disclosing its IPO documentation. With sales increasing by over 51% to 508.44 billion Kazakh tenge, the net income for the quarter ended September 30th increased by 40% to 232.49 billion Kazakh tenge $512 million. The firm intends to list in the United States to reach a broader range of investors. It provides fintech, marketplace, and payment solutions. Kaspi.kz, with Morgan Stanley, J.P. Morgan, and Citigroup serving as lead underwriters, applied to list its American Depositary Shares ADS on Nasdaq. Read More..

B2B Tech News | 2 years ago          



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