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Sneaky Strategy North Korean IT Workers Sham Job Hunt Tactics

Sophisticated strategies, such as phoney identities, phoney LinkedIn profiles, false work documents, and simulated interview scripts, are being used b

Sophisticated strategies, such as phoney identities, phoney LinkedIn profiles, false work documents, and simulated interview scripts, are being used by North Korean IT professionals who are looking for jobs in computer businesses in the West. These labourers, associated with the cyber espionage outfit Mustang Panda, are using deceit to land jobs outside North Korea to obtain hard money for the reclusive nation clandestinely. The plan, which has gained momentum in recent years, entails sending hundreds of IT professionals abroad to raise money for Pyongyangs nuclear missile programme. The labourers fabricate identities, credentials, and profiles to apply for software development jobs worldwide. Read More..

B2B Tech News | 2 years ago          

Resonac Expands Presence Unveils R&D Center for Semiconductor Packaging in Silicon Valley

Resonac, a Japanese chip materials manufacturer formerly Showa Denko, announced intentions to open a research and development centre in Silicon Valley

Resonac, a Japanese chip materials manufacturer formerly Showa Denko, announced intentions to open a research and development centre in Silicon Valley dedicated to innovative semiconductor packaging and materials. The packaging phase of the chip manufacturing process is seen to be essential for advancing technology, and this action fits with the more significant trend of emphasising semiconductor packaging skills. Operations at the new centre are scheduled to start in 2025. This occurs at the same time as the United States of America launches a $3 billion initiative to improve semiconductor packaging, demonstrating the industrys growing focus on this area of chip technology. Read More..

B2B Tech News | 2 years ago          

Small and MidCap Sectors Surge in Sales on Back of Capex and B2B Momentum

Jefferies report notes strong sales growth in small and midcap sectors due to capex and B2B companies, offsetting lower sales in consumerfacing firms.

Jefferies report notes strong sales growth in small and midcap sectors due to capex and B2B companies, offsetting lower sales in consumerfacing firms. Electronics manufacturers like Amber Enterprises and Dixon Technologies saw growth due to production incentives, while agrochemicals company UPL faced a sales decline. Despite varied sales performances, these sectors experienced significant profit growth, driven by improved margins and factors like cost adjustments. Margins rose for 70% of the covered companies, notably in building products but declined in certain appliance and electrode sectors due to demand and pricing pressures. Read More..

B2B Tech News | 2 years ago          

Fintechs Face Uphill Battle as Funding Costs Surge, Rates Likely to Rise

Fintech lenders might see customers shifting to banks and NBFCs due to an expected increase in interest rates, driven by higher funding costs after th

Fintech lenders might see customers shifting to banks and NBFCs due to an expected increase in interest rates, driven by higher funding costs after the RBI raised weights on unsecured loans. This move will likely push fintechs to broaden their product range. While some financially robust fintechs may absorb increased costs, many could raise rates for retail customers. CEO Madhusudan Ekambaram of KreditBee noted that premium customers, drawn to fintechs for convenience, might switch to bank or NBFC apps if fintechs raise rates significantly. This presents an opportunity for banks to attract these customers. However, not all fintechs are expected to increase rates, particularly those less exposed to unsecured loans. Read More..

B2B Tech News | 2 years ago          

Former OpenAI Leaders Join Microsofts AI Research Team, Stirring Employee Backlash

Over 700 OpenAI employees signed a letter demanding the boards resignation and the reinstatement of former CEO Sam Altman. They threatened to leave fo

Over 700 OpenAI employees signed a letter demanding the boards resignation and the reinstatement of former CEO Sam Altman. They threatened to leave for Microsoft following news of Altman and cofounder Greg Brockman joining Microsofts AI research team. The employees warned of resignations if Altman and Brockman werent retained, despite potential immigration risks. OpenAIs chief scientist expressed regret over internal turmoil. Employees on visas fear complications with their immigration status. Microsoft created a special AI team for former OpenAI staff, with Altman possibly becoming CEO. Emmett Shear is the interim CEO at OpenAI. Microsofts move comes after failed negotiations to reinstate Altman. Their new AI chip aims to reduce reliance on Nvidia for AI computing. Read More..

B2B Tech News | 2 years ago          

Sam Altmans Microsoft Role Ignites Stock Surge to AllTime High

Microsofts stock hit a record high on Monday as former OpenAI CEO Sam Altman was announced to lead its AI department. Altmans firing led to a 2% surge

Microsofts stock hit a record high on Monday as former OpenAI CEO Sam Altman was announced to lead its AI department. Altmans firing led to a 2% surge in the stock to $378.81, slightly retracting afterward. To reach a new high close, it needs to surpass $376.17. Microsoft holds a significant stake in OpenAI with a $13 billion investment. Altmans dismissal faced opposition from key investors and the board, prompting discussions for his rehiring. Amid these negotiations, Microsoft seemingly benefitted. They offered Altman a job, resulting in stock gains. OpenAIs president, Greg Brockman, resigned and will also join Microsoft. Mira Murati became OpenAIs interim CEO, later replaced by former Twitch CEO Emmett Shear. Microsofts shares have risen approximately 56% this year. Read More..

B2B Tech News | 2 years ago          

Breaking Barriers Amazon Unveils Inclusive AI Training for Business and Developers

Artificial Intelligence AI skills are crucial in todays job landscape. Amazon is offering free generative AI courses called AI Ready to make these ski

Artificial Intelligence AI skills are crucial in todays job landscape. Amazon is offering free generative AI courses called AI Ready to make these skills accessible. Theyre expanding from AWSbased AI training to include 8 new courses. Amazon aims to reach 2 million users by 2025, adding to the 21 million already skilled in AWS cloud computing. The courses cater to both business/nontechnical users and developers/technical users. For business roles, there are courses on introductory generative AI, decisionmaking, and Amazons AI code generator. Developers can explore prompt engineering, lowcode machine learning, language models, Amazon Transcribe, and building AI applications using Amazon Bedrock. Read More..

B2B Tech News | 2 years ago          

Asian Equities Rally as Wall Streets Influence Boosts Market Sentiment

Asian stocks climb post Wall Streets gains and successful $16B US Treasury sale. Tech stocks lead, with South Korean, Australian, and Chinese equities

Asian stocks climb post Wall Streets gains and successful $16B US Treasury sale. Tech stocks lead, with South Korean, Australian, and Chinese equities up after the USlisted Chinese companies index rose 3.5%. US futures surge post S&P 500s highest close since August and Nasdaq 100 hitting a 22month peak. Strong 20year Treasury auction maintains gains, driving US 10year yields to around 4.4% and the dollar to an 11week low. The dollar weakens versus major currencies on the belief that US rates may have peaked. Offshore yuan strengthens past daily fixing for the first time since July. Richard Franulovich from Westpac Banking Corp. suggests the dollars downtrend may persist. Yen strengthened for the fourth consecutive day against the weakening dollar. 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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