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From Huawei to IPO Honor Plans Public Debut as Smartphone Market Position Strengthens

Three years after splitting from Huawei, the smartphone manufacturer Honor—acquired by Huawei in 2020—is getting ready for an IPO. Honour said tha

Three years after splitting from Huawei, the smartphone manufacturer Honor—acquired by Huawei in 2020—is getting ready for an IPO. Honour said that an IPO is the next stage in its development as its market position has dramatically improved over the last three years. Still, it did not specify the IPOs date or location. Honour placed seventh in European sales and first in China for phone shipments during the third quarter of 2023. In 2020, Huawei sold Honour to agents and dealers amid US limitations on Huaweis access to critical technologies. Read More..

B2B Tech News | 2 years ago          

Crackdown on Online Child Pornography EU Lawmakers Propose Draft Rules for Google, Meta, and Others

Legislators in the EU have decided to write regulations mandating that Google and Meta, among other internet businesses, detect and delete child porno

Legislators in the EU have decided to write regulations mandating that Google and Meta, among other internet businesses, detect and delete child pornography on their platforms. The goal of the draught rule on child sexual abuse material CSAM is to improve the present voluntary system of company identification and reporting of abuses. The proposed law mandates that internet access providers, messaging services, and app stores report and delete new and existing photos and videos that are linked to child sexual abuse. Lawmakers removed endtoend encryption from the proposed regulations to allay fears about widespread spying. Before becoming law, the draught must still be finalised via talks with the member states. Read More..

B2B Tech News | 2 years ago          

Challenges Mount for Thyssenkrupp $2.3 Billion Impairment Hits Steel Unit on CoOwnership Struggles

Thyssenkrupp, a German company, revealed an impairment of 2.1 billion euros $2.3 billion on its steel division, claiming a "gloomy" outlook and highli

Thyssenkrupp, a German company, revealed an impairment of 2.1 billion euros $2.3 billion on its steel division, claiming a "gloomy" outlook and highlighting the difficulties in obtaining Czech energy major EPH as a coowner for the company. The fourth quarters net loss was two billion euros as a result of the impairment. Thyssenkrupp has encountered difficulties in its attempts to sell off its steel sector, including the effect of lowcost steel imports from China and issues with CO2 emissions. The business and EPH are discussing a possible steel joint venture in which EPH will help Thyssenkrupp Steel Europe with its energy expertise. Read More..

B2B Tech News | 2 years ago          

Design Software Giant Autodesk Surpasses Expectations, Projects Strong FullYear Revenue

Leading design software provider, Autodesk has predicted fullyear revenue beyond market projections, demonstrating the stability of client expenditure

Leading design software provider, Autodesk has predicted fullyear revenue beyond market projections, demonstrating the stability of client expenditure on its products in the face of economic uncertainty. The companys earnings and sales both increased in the third quarter. As customers in the construction industry want to optimise their industrial design software, Autodesk, wellknown for its AutoCAD software used in engineering, manufacturing, and construction, is benefiting from more sales and recurring income. The business anticipates fullyear sales to be between $5.45 billion and $5.47 billion, above expert projections, indicating a promising picture for the market for design tools in 2023. Read More..

B2B Tech News | 2 years ago          

Tech Titans Unite Broadcom Seals $69 Billion VMware Takeover

On Wednesday, Broadcom aims to finalise the $69 billion acquisition of VMware, a cloud computing company. The deals conclusion represents one of the m

On Wednesday, Broadcom aims to finalise the $69 billion acquisition of VMware, a cloud computing company. The deals conclusion represents one of the most significant acquisitions in the technology sector and comes after Chinas regulatory licences, which were given subject to further stringent requirements. VMwares server software ought to work with regional hardware, according to Broadcom, and the agreement should allow consumers to buy and use Broadcoms technology. Regulators worldwide had been closely monitoring this deal, and there were concerns about its completion given the escalating hostilities between the United States and China. Read More..

B2B Tech News | 2 years ago          

Crypto Lender “Celsius Network” Refocuses on Bitcoin Mining Amid Regulatory Scrutiny

The cryptocurrency lender Celsius Network has redesigned its postbankruptcy plans to concentrate only on bitcoin mining, abandoning its previous goals

The cryptocurrency lender Celsius Network has redesigned its postbankruptcy plans to concentrate only on bitcoin mining, abandoning its previous goals of managing its loans and collecting "staking" fees. The U.S. Securities and Exchange Commission SEC voiced doubts about Celsius first business lines, which impacted the decision. To safeguard consumers, the SEC has been highlighting the necessity of regulation in the cryptocurrency lending and staking sectors. As it winds down its bankruptcy, Celsius intends to sell off certain assets its new company will be centred around bitcoin mining. In the upcoming weeks, the firm anticipates filing to have the amended bankruptcy plan approved by the court. Read More..

B2B Tech News | 2 years ago          

FTC Streamlines AI Investigations A Bold Move Against Digital Fraud

A new procedure to expedite investigations into instances in which artificial intelligence AI is utilised to violate the law has been authorised by th

A new procedure to expedite investigations into instances in which artificial intelligence AI is utilised to violate the law has been authorised by the Federal Trade Commission FTC of the United States. This action indicates the FTCs growing interest in investigating AIrelated crimes, particularly in light of worries about the technology being used fraudulently. Because of the agencys decision, staff members may now more easily request records about AI investigations. The use of AI to improve phishing emails and robocalls is one of the concerns that the FTC has been concentrating on. The organisation recently held a competition to find practical measures to shield customers from fraud and the adverse effects of voice cloning. Read More..

B2B Tech News | 2 years ago          

Australia Invests $17 Million for Cyber Rapid Response Teams in the Pacific

To respond to cyber disasters in the Pacific, Australia has announced intentions to deploy "rapid assistance" teams with a budget of A$26.2 million $1

To respond to cyber disasters in the Pacific, Australia has announced intentions to deploy "rapid assistance" teams with a budget of A$26.2 million $17 million. The Pacific Islands will get an additional A$16.7 million to detect security vulnerabilities. The action is intended to improve cybersecurity in the area, especially in light of recent cyberattacks that have affected Pacific Island countries. The fastreaction teams will endeavour to strengthen the Pacific regions longterm resilience and offer vital assistance in times of cyber crisis. This programme aligns with the US and Australian commitments to finance Googles construction of new underwater cables to enhance connectivity in the Pacific Islands. 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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