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Economic Hurdles Clip OVHclouds Wings

The continued instability of the financial environment is expected to cause French cloud services operator OVHcloud to predict a fall in organic growt

The continued instability of the financial environment is expected to cause French cloud services operator OVHcloud to predict a fall in organic growth for the upcoming fiscal year. The corporation projects an 11–13% increase in revenue for the 2024 fiscal year, falling short of analysts’ projections of a 14.7% fullyear revenue gain. Cloud operations account for more than 80% of OVHclouds income. The company reported that its performance in the most recent fiscal year, which saw a 13.4% increase in revenue to 897 million euros—just below analyst estimates of 899.8 million euros—was attributed to ongoing economic issues in North America. Read More..

B2B Tech News | 2 years ago          

Siemens Stock Soars Amid Legal GST Clash

Following a fiveday decrease, Siemens Ltds shares saw a 1% increase to Rs 3,442 on October 25. This was in response to the companys writ appeal, which

Following a fiveday decrease, Siemens Ltds shares saw a 1% increase to Rs 3,442 on October 25. This was in response to the companys writ appeal, which it filed with the Bombay High Court to challenge a showcause notice SCN under the CGST Act, 2017. The SCN concerns leasehold interests in Mumbai land and freehold interests in buildings concerning GST levies the total possible tax and interest consequences come to Rs 245.9 crore. The State of Maharashtra, the Department of Revenue, and the Ministry of Finance are parties to the legal battle. Siemens stated that it was confident in its defence, although, on the NSE, its shares had just dropped by over 8%. Read More..

B2B Tech News | 2 years ago          

BlockFi Emerges Strong As Crypto Lenders Comeback After FTX Turmoil

After experiencing turmoil related to the collapse of FTX, BlockFi, the cryptocurrency lender, has declared bankruptcy and announced plans to wind dow

After experiencing turmoil related to the collapse of FTX, BlockFi, the cryptocurrency lender, has declared bankruptcy and announced plans to wind down its operations and restore assets to consumers. To increase customer recovery, the New Jerseybased company plans to pursue further payments from insolvent cryptocurrency companies such as FTX and Three Arrows Capital. Interestbearing Earn account holders are expected to get back anything from 39.4% to 100% of their initial investment. Part of BlockFis problems stemmed from loans to Alameda, FTXs sibling company. Sam BankmanFried, the creator of FTX, is presently facing a fraud trial. Scarcity of collateral presented difficulties for cryptocurrency lenders, who prospered throughout the pandemic. Read More..

B2B Tech News | 2 years ago          

Qualcomms GameChanging Chip to Challenge Apple Macs in AI Performance

Details on Qualcomms Snapdragon Elite X chip, which is intended to beat Apples Mac chips in specific workloads, were made public for Windowsbased lapt

Details on Qualcomms Snapdragon Elite X chip, which is intended to beat Apples Mac chips in specific workloads, were made public for Windowsbased laptops. The new chip is designed to handle AI activities such as text authoring, image generation, and email summary. It will be ready in the upcoming year. According to Microsoft CEO Satya Nadella, these chips will bring forth a new era of "AI PCs" for individuals and enterprises alike. The Snapdragon Elite X, according to Qualcomm, is faster and uses less energy than Intel PC CPUs and Apples M2 Max. Demand for laptops with AI capabilities is predicted to increase with the rise of AIgenerated content, which includes beer labels and real estate brochures. Read More..

B2B Tech News | 2 years ago          

Apples GameChanging Move, Supports RighttoRepair

The largest tech firm in the world, Apple, has responded to consumer advocates concerns about the difficulty and expense of restoring its gadgets by a

The largest tech firm in the world, Apple, has responded to consumer advocates concerns about the difficulty and expense of restoring its gadgets by announcing its support for a righttorepair law in the United States. Apart from supporting federal law, Apple will supply independent repair businesses and consumers around the country with parts, tools, and repair paperwork. This action is in line with President Joe Bidens initiatives to increase competition and do rid of policies that drive up costs for consumers. Apple wants to empower independent repair firms and cut down on technological waste by prioritising durability and repairability. Although the declaration is a start in the right direction, consumer activists are wary and want to keep an eye on how federal legislation is being implemented. Read More..

B2B Tech News | 2 years ago          

AWS Pioneers Sovereign Cloud in Europe, Prioritizing Data Security

In Europe, Amazon Web Services AWS will launch a sovereign cloud that serves regulated sectors and government agencies. With an emphasis on data secur

In Europe, Amazon Web Services AWS will launch a sovereign cloud that serves regulated sectors and government agencies. With an emphasis on data security and regulatory compliance, this cloud will store data on EU servers that are only controlled by AWS employees who are residents of the EU. AWSs action complies with privacy laws, as the European Union places a high priority on security and privacy. This project comes as a privacy monitor looked into how cloud services are used by the government. AWS intends to service European government and commercial customers, starting in Germany and spreading throughout the continent, in rivalry with Microsoft and Oracle. This action recognises the trend towards data centres on the public cloud. Read More..

B2B Tech News | 2 years ago          

Australian Inflation Surge Fuels Rate Hike Speculation

The Australian Bureau of Statistics released unexpected Q3 statistics that showed inflation had risen by 1.2% above expectations, making the annual ra

The Australian Bureau of Statistics released unexpected Q3 statistics that showed inflation had risen by 1.2% above expectations, making the annual rate 5.4%. The spike sparked rumours that the Reserve Bank of Australia RBA might raise interest rates next month futures were pricing in a 66% possibility of a quarterpoint increase to 4.35%. Big banks like ANZ and Commonwealth Bank of Australia gave up on their rate pause beliefs and predicted an increase in November. The RBA is doing this in an effort to alleviate ongoing cost concerns. Experts anticipate that inflation will continue to exceed target, which might result in more rate hikes and a peak at 4.35%. Read More..

B2B Tech News | 2 years ago          

Japan Fair Trade Commission Probes Google for Monopoly Practices

Following in the footsteps of regulators in Europe and other major economies, the Japan Fair Trade Commission JFTC has opened an inquiry into Google f

Following in the footsteps of regulators in Europe and other major economies, the Japan Fair Trade Commission JFTC has opened an inquiry into Google for potential violations of antimonopoly laws pertaining to web search services. Investigating whether Googles revenuesharing agreements with Android smartphone makers—which are conditioned on their refraining from installing competing search engines—violate Japans Antimonopoly Act is the JFTC. The inquiry also looks at Googles policy of requiring the installation of the "Google Play" app together with its "Google Search" and "Google Chrome" browsers on Android smartphones. The fairness of competition and the exclusion of competitors in the market for search services are issues that worry the JFTC. This investigation is similar to one that US and EU regulators have been conducting. 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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