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Illumina to Divest Cancer Diagnostic Test Maker Grail Amid Antitrust Challenges

Following almost two years of antitrust concerns from European and American regulators, Illumina has announced that it is selling its shares in Grail,

Following almost two years of antitrust concerns from European and American regulators, Illumina has announced that it is selling its shares in Grail, a manufacturer of cancer diagnostic tests. The terms of the divestment are anticipated to be finalised by the second quarter of 2024, and it will be executed through a capital markets transaction or thirdparty sale. Grail, which Illumina acquired for $7.1 billion, is developing a blood test called a liquid biopsy that may be used to diagnose different cancers. The move comes in response to a recent judgement by an appeals court in the United States, which mandated that the Federal Trade Commission reexamine Illuminas acquisition of Grail. Read More..

B2B Tech News | 2 years ago          

IBM to Acquire Software AGs Enterprise Technology Platforms for $2.33 Billion

IBM revealed on Monday that it will pay 2.13 billion euros $2.33 billion to purchase Software AGs business IT platforms. The purchase aims to improve

IBM revealed on Monday that it will pay 2.13 billion euros $2.33 billion to purchase Software AGs business IT platforms. The purchase aims to improve IBMs hybrid cloud and artificial intelligence capabilities. The platforms StreamSets and webMethods from Software AG, which offer services like data integration, API administration, and application integration, are among the assets that were acquired. This action is part of IBMs plan to fortify its AI and hybrid cloud market position. The cash on hand will be used to fund the purchase. Silver Lake, a private equity firm, is the principal owner of Software AG. Read More..

B2B Tech News | 2 years ago          

Google to Test Tracking Protection in Chrome Starting January 4, 2024

Starting on January 4, 2024, Google plans to test a feature in Chrome called "Tracking Protection" with 1% of users as the target population. By limit

Starting on January 4, 2024, Google plans to test a feature in Chrome called "Tracking Protection" with 1% of users as the target population. By limiting website access to thirdparty cookies, the functionality attempts to prevent crosssite tracking by default. This action is a component of Googles larger initiative to get thirdparty cookies removed from browsers. While some browsers, such as Mozilla Firefox and Apple Safari, have already restricted thirdparty cookies, Google is searching for options that compromise privacy and the ability to access free online content and services. With a target of 100% by Q3 2024, the business intends to deactivate thirdparty cookies for 1% of users in Q1 2024. Read More..

B2B Tech News | 2 years ago          

Tencent Utilizes ByteDances Advertising Platforms to Boost DreamStar Game

To rival NetEases wellreceived "Eggy Party," Tencent is promoting its new mobile party game "DreamStar" by utilising ByteDances wellliked advertising

To rival NetEases wellreceived "Eggy Party," Tencent is promoting its new mobile party game "DreamStar" by utilising ByteDances wellliked advertising networks. Despite their history of disagreements, Tencent has decided to use ByteDances platforms for advertising in the previous 30 days, 38% of DreamStar advertisements have appeared on Pangolin, ByteDances online ad business. Considering that Tencent owns its own ad network, it is noteworthy that it relied heavily on ByteDances platform. Tencents plan to invest 1.4 billion yuan in developing DreamStars environment for success is reflected in this action. ByteDances plan to wind down its gaming division aligns with Tencents reconciliation with the latter. Read More..

B2B Tech News | 2 years ago          

China Continues Push for SelfReliance, Instructs Employees to Avoid Foreign Devices, Including iPhones

There are reports that more Chinese government organisations and stateowned businesses are telling their employees not to bring Apple iPhones and othe

There are reports that more Chinese government organisations and stateowned businesses are telling their employees not to bring Apple iPhones and other foreign gadgets to work. This action continues Chinas ongoing efforts to boost homegrown semiconductor chip production, encourage the use of regional brands, and lessen dependency on foreign technologies. In the last month or so, employees in government agencies and stateaffiliated businesses throughout many provinces have been told to substitute local brands. This comes after earlier allegations from September stating that employees of several ministries and government agencies were instructed not to use iPhones while at work. Read More..

B2B Tech News | 2 years ago          

Chinese Semiconductor Design Firms Turn to Malaysia for Chip Assembly Amid US Sanctions Concerns

More and more Chinese semiconductor design businesses are looking to Malaysian companies to assemble chips, particularly GPUs graphics processing unit

More and more Chinese semiconductor design businesses are looking to Malaysian companies to assemble chips, particularly GPUs graphics processing units. Chinese corporations are looking to diversify and manage risks considering possible US sanctions expansion on Chinas semiconductor sector, which is driving this approach. Although the requests mostly concern chip assembly, exempt from US limitations, businesses are concerned about possible limits on the export of advanced packaging technologies. Malaysia, a significant participant in the semiconductor supply chain, is in an excellent position to profit from this change as Chinese chip companies look for suppliers outside of China for their assembly needs. Read More..

B2B Tech News | 2 years ago          

Bitnomial Granted CFTC Approval to Operate as VerticallyIntegrated Cryptocurrency Exchange and Clearinghouse

Bitnomial, a Chicagobased cryptocurrency derivatives exchange and brokerage, has received approval from the U.S. Commodities Futures Trading Commissio

Bitnomial, a Chicagobased cryptocurrency derivatives exchange and brokerage, has received approval from the U.S. Commodities Futures Trading Commission CFTC to operate as its registered clearinghouse. This certification is noteworthy since it is the first time a vertically integrated market structure in the cryptocurrency field has received permission from the CFTC. Bitnomial is already licenced as a broker and exchange. The licence comes as the Bitcoin sector is being examined more closely due to worries about possible conflicts of interest in vertically integrated institutions. Luke Hoersten, CEO of Bitnomial, emphasised that the company can now concentrate on growing its clientele and product line. Read More..

B2B Tech News | 2 years ago          

Dow Jones Hits First Record Closing High Since January 2022 on Feds Interest Rate Policy

The S&P 500 and Nasdaq both had more than 1% gains following the Federal Reserves announcement that interest rates would no longer rise and that borro

The S&P 500 and Nasdaq both had more than 1% gains following the Federal Reserves announcement that interest rates would no longer rise and that borrowing costs would decline in 2024. Meanwhile, the Dow Jones industrial average hit its first closing high record since January 2022. The central banks Interest rates remained steady, and by the end of 2024, 17 out of 19 Fed officials predicted a lower policy rate. At a news conference, Fed Chair Jerome Powell stressed that the Fed is no longer expected to raise interest rates and that the goal is to avoid being too high for too long. The Nasdaq and S&P 500 closed the year at record highs. 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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