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ByteDance Firmly Commits to Picos VR Business Amidst Market Competition

The parent company of TikTok, ByteDance, has denied rumours that it is closing down Pico, its virtual reality division, and has reaffirmed its longter

The parent company of TikTok, ByteDance, has denied rumours that it is closing down Pico, its virtual reality division, and has reaffirmed its longterm commitment to the extended reality XR market. Previous rumours mentioned ByteDances slow withdrawal from the Pico name. With over 58% of the market, Picos VR headsets are a significant competitor to Metas Quest devices in China. ByteDance declared that they would keep investing in product technological advancement. Early this year, Pico reduced its employment, indicating potential problems. In August 2021, among the fervour surrounding the metaverse, ByteDance bought Pico. However, since then, there has been a deceleration in the sales of AR and VR headsets. Read More..

B2B Tech News | 2 years ago          

Logitech Soars with Strong Q2 Results and Raised Guidance

With impressive Q2 performance, Logitech International increased its fullyear expectations. The AmericanSwiss company that makes computer accessories,

With impressive Q2 performance, Logitech International increased its fullyear expectations. The AmericanSwiss company that makes computer accessories, best known for keyboards and cameras, witnessed a sharp rebound in Q2 sales compared to the previous quarters 16% loss. This led to a 12% decline in H1 sales which was better than anticipated. For the second quarter, Logitechs nonGAAP operating income climbed by 17% as profit increased and costs decreased. Consequently, the business increased its forecast for both revenues and profits for the entire year, projecting $4 billion to $4.15 billion in sales and $525 million to $575 million in nonGAAP operating income. A new CEO for Logitech is about to be chosen in light of Bracken Darrells exit. Read More..

B2B Tech News | 2 years ago          

Chinese Cyber Scam Networks Raise Alarms in Southeast Asia

Cyber scam networks continue to entangle people throughout Southeast Asia, including local elites, and are mostly run by powerful Chinese criminal syn

Cyber scam networks continue to entangle people throughout Southeast Asia, including local elites, and are mostly run by powerful Chinese criminal syndicates. This is concerning to Chinese travellers and officials. These frauds frequently entice victims with promises of lucrative occupations, pressuring them to take part in dishonest actions. Although China, Thailand, Laos, and Myanmar recently established a combined police operations centre, analysts contend that comprehensive measures are still missing in action against these scams. Scammers target people worldwide and present a serious challenge to law enforcement organisations. They have been associated with the Belt and Road Initiative on occasion. Chinas attempts to mend its reputation are still beset with difficulties. Read More..

B2B Tech News | 2 years ago          

EU Gains Momentum in Big Tech Network Financing

Italys Industry Minister, Adolfo Urso, supports EU proposals requiring Big Tech firms to help fund EU telecom infrastructure. He emphasizes fair costs

Italys Industry Minister, Adolfo Urso, supports EU proposals requiring Big Tech firms to help fund EU telecom infrastructure. He emphasizes fair costsharing among digital transformation beneficiaries. However, he urges a comprehensive assessment of network capacity and potential overload due to Big Tech content before enacting legislation. Telecoms assert that major players like Google, Facebook, Netflix, Microsoft, and Amazon should assist with network rollout expenses. On the other hand, Big Tech calls it an "internet tax." The decision on legislation rests with the next European Commission after the upcoming elections. Italy advocates further assessment of network impact by the EU Commission. Read More..

B2B Tech News | 2 years ago          

Nobel Laureate and Turing Winners Push AI Safety Commitment

Prominent experts in artificial intelligence, comprising three Turing Award winners and a Nobel laureate, have recommended governments and AI corporat

Prominent experts in artificial intelligence, comprising three Turing Award winners and a Nobel laureate, have recommended governments and AI corporations to set aside a minimum of onethird of their money for research and development of AI systems to guarantee their safety and ethical application. The necessity for governments to impose legal responsibility for predictable harm brought about by sophisticated AI systems was underlined. The absence of comprehensive AI safety standards has drawn criticism, and the EUs first AI law is currently awaiting approval. The letter was signed by prominent figures such as Dawn Song, Yuval Noah Harari, Andrew Yao, Daniel Kahneman, and Geoffrey Hinton. Read More..

B2B Tech News | 2 years ago          

Nvidia Ventures into CPU Territory, Threatens Intels PC Dominance

Renowned for its artificial intelligence chips, Nvidia is discreetly developing central processing units CPUs that leverage technology from Arm Holdin

Renowned for its artificial intelligence chips, Nvidia is discreetly developing central processing units CPUs that leverage technology from Arm Holdings to challenge Intels dominant position in PCs. To compete with Apple, which has dramatically grown its market share using inhouse Armbased chips for Macs, Microsoft is helping chip vendors create Armbased processors for Windows PCs. Armbased PC chips are also planned by Advanced Micro Devices AMD. By 2025, Nvidia, AMD, and Qualcomm might release computer chips. Apples powerful custom CPUs may put pressure on Intel to relinquish its hegemony in the PC market, but the transfer may not be easy. Read More..

B2B Tech News | 2 years ago          

Amazon, Intel, and More Exit Web Summit Over Organisers Remarks

After Paddy Cosgrave Irish entrepreneur, the events organiser made contentious remarks about Israel, Amazon opted not to attend the Lisbon November We

After Paddy Cosgrave Irish entrepreneur, the events organiser made contentious remarks about Israel, Amazon opted not to attend the Lisbon November Web Summit technology conference. One of the vice presidents of the companys cloud computing subsidiary, Amazon Web Services AWS, was initially scheduled to speak at the conference and was identified as a partner. The parent company of Google, Alphabet, Intel, Siemens AG, and Meta Platforms previously Facebook are among the other corporations that have withdrawn from the event in reaction to the remarks. Later on, Cosgrave expressed regret for his words and acknowledged the damage they had caused. In reaction to the remarks, Israeli investors have also demanded that the conference be boycotted. Read More..

B2B Tech News | 2 years ago          

Africa Unleashes Floating Liquefied Natural Gas Revolution

Africa is leading the world in constructing floating liquefied natural gas FLNG plants as its nations strive to swiftly and economically supply the gr

Africa is leading the world in constructing floating liquefied natural gas FLNG plants as its nations strive to swiftly and economically supply the growing demand for LNG in Europe. This expansion on Africas east and west coastlines is being driven by energy firms such as BP, Eni, and UTM Offshore, Nigeria. Africa now exports 40 million tonnes of petrol annually by 2027, 10.2 million tonnes more FLNG capacity is anticipated. FLNG facilities avoid the costs and concerns of onshore infrastructure by enabling economical offshore gas processing. Africa will play a significant role in FLNG expansion due to cheaper project costs and faster completion timeframes. 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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