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Hedge Funds Target South Koreas Chipmakers SK Hynix, Samsung Amid AI Boom

A growing number of hedge funds are concentrating on South Koreas chipmakers, especially Samsung Electronics and SK Hynix, attracted by the predicted

A growing number of hedge funds are concentrating on South Koreas chipmakers, especially Samsung Electronics and SK Hynix, attracted by the predicted demand for premium memory chips from artificial intelligence. Despite playing a crucial role in the AI industry, funds such as Man Group, FengHe Fund Management, CloudAlpha Capital Management, and East Eagle Asset Management believe these companies are undervalued compared to rivals like Taiwans TSMC. Investor confidence is further reinforced by government assistance programmes, such as the $19 billion semiconductor industry support package in South Korea and steps to increase shareholder returns. With confidence in the IT sectors growth potential despite dangers like currency fluctuations and market rules, South Korean stocks have attracted considerable inflows, propelling the KOSPI index to its highest month in seven months. Read More..

B2B Tech News | 5 hours ago        

Alphabet Halts Talks to Acquire HubSpot Amid Regulatory Scrutiny

A person familiar with the situation claims that Googles parent company, Alphabet, has chosen against pursuing a purchase of internet marketing softwa

A person familiar with the situation claims that Googles parent company, Alphabet, has chosen against pursuing a purchase of internet marketing software business HubSpot. Before abruptly ending, the Alphabet and HubSpot talks stayed within the preliminary stages and never reached the point of due diligence. This decision was made despite prior rumours from April that Alphabet was thinking about making a $25 billion takeover offer for HubSpot. The acquisition would have been Alphabets most significant transaction if it had gone through. However, antitrust authorities could have scrutinised the deal because of growing worries about the concentration of the tech sector. In the face of economic uncertainty brought on by rising borrowing rates, HubSpot—known for its inbound marketing software designed specifically for small and mediumsized businesses—has been negotiating problems connected to client demand. Read More..

B2B Tech News | 5 hours ago        

China Reforms Economic Metrics, Shifts Focus to Financial Sector Profitability

China recently changed its methodology for estimating the financial sectors economic contribution, moving from emphasising the growth of loans and dep

China recently changed its methodology for estimating the financial sectors economic contribution, moving from emphasising the growth of loans and deposits to considering profitability factors like net interest income and fees. With effect from early 2024, this modification attempts to reduce distortions brought about by inflated balance sheets intended to fulfil GDP objectives and to give a more realistic picture of the sectors valueadded. The prior approach frequently exaggerated the financial sectors economic impact since it primarily focused on increasing assets and liabilities. The modification is a part of more significant initiatives to improve the effectiveness and openness of loan distribution, indicating a change in economic measures towards a preference for quality over quantity. This action may result in the financial sector contributing less in the face of persistent difficulties like an earnings crisis. Read More..

B2B Tech News | 5 hours ago        

BNP Paribas Partners with Mistral AI to Deploy Large Language Models

A broad collaboration between BNP Paribas BNPP.PA and Mistral AI covering all present and upcoming commercial models has been announced. The French ba

A broad collaboration between BNP Paribas BNPP.PA and Mistral AI covering all present and upcoming commercial models has been announced. The French bank will use the massive language models of Mistral AI in various commercial applications, including IT, sales, and customer service. Established in 2023 by scientists previously employed at Google DeepMind and Meta AI, Mistral AI has become a significant participant in the European generative AI scene, having raised over 1 billion euros in funding throughout many fundraising rounds. As more financial institutions adopt cuttingedge AI technology, this partnership demonstrates BNP Paribas dedication to using generative AI to improve customer services in sales, trading, research, and other areas. Read More..

B2B Tech News | 5 hours ago        

Samsung to Launch Upgraded Bixby with Integrated AI Models This Year

TM Roh, the director of Samsungs mobile division, has revealed that the company intends to release an enhanced version of its voice assistant Bixby th

TM Roh, the director of Samsungs mobile division, has revealed that the company intends to release an enhanced version of its voice assistant Bixby this year, incorporating its AI models. The new Bixby seeks to improve user experience with cuttingedge capabilities like live translations and better suggestions by utilising generative AI Gen AI technology and a large language model LLM. Samsungs action fits with its larger plan to include more AI capabilities into its devices, including the recently released Galaxy Z Fold6 and Z Flip6 while preserving compatibility with rival assistants like Googles AI. This update comes after Apple recently revealed an AI boost for Siri, the companys assistant. Read More..

B2B Tech News | 5 hours ago        

Hexaware Launches Gen AI App for Retailers on AWS Marketplace

With the release of its Gen AI App for businesses on Amazon Marketplace, Hexaware allowed ecommerce businesses to use generative AI to improve product

With the release of its Gen AI App for businesses on Amazon Marketplace, Hexaware allowed ecommerce businesses to use generative AI to improve product graphics, automate the production of product descriptions, and simplify bulk picture uploads. The software uses AI to update graphics to fit brand aesthetics, improving consumer engagement and SEO, and analyses product photos to produce descriptions, saving time and resources. Arun Ramachandran of Hexaware states, "Engaging product descriptions and visually appealing imagery are essential in todays competitive ecommerce landscape." While Girish Pai emphasised the apps capacity to cleverly enhance content production via targeted prompts and broad language models, it also frees up merchants time for strategic campaigns. Read More..

B2B Tech News | 5 hours ago        

Macau Government Websites Hacked, Services Blocked

Service interruptions resulted from hacking into several Macau government websites, including those of the Security Forces Services Bureau, the Fire S

Service interruptions resulted from hacking into several Macau government websites, including those of the Security Forces Services Bureau, the Fire Services Department, the Office of the Secretary for Security, and the public security police. According to Chinese state media, Macau security authorities think the infiltration came from outside. To restore the disrupted services quickly, authorities contacted telecommunications operators to launch an emergency reaction. The Macau police have started a criminal inquiry to determine where the crime originated. There were no more details at this time. Read More..

B2B Tech News | 5 hours ago        

Samsung Launches Galaxy Z Fold 6 and Z Flip 6 with Slimmer Designs and Enhanced AI

To challenge Apples hegemony in the highend market, Samsung Electronics revealed the Galaxy Z Fold 6 and Galaxy Z Flip 6, two of its newest foldable s

To challenge Apples hegemony in the highend market, Samsung Electronics revealed the Galaxy Z Fold 6 and Galaxy Z Flip 6, two of its newest foldable smartphones that emphasise lighter and smaller designs with improved AI functions. The Z Fold 6 is the thinnest and lightest folding device yet, and the Z Flip 6 has better cooling, a longer battery life, and a higherquality camera. The Z Flip 6 is priced at $1,099.99, while the Z Fold 6 is priced at $1,899.99, despite increasing material costs. Additionally, Samsung unveiled cuttingedge health monitoring capabilities for all its wearables, including the new Galaxy Ring and the Galaxy Watch, which continuously measure stress levels and heart rates. South Korea, North America, and Europe can purchase these items starting July 24. Read More..

B2B Tech News | 5 hours ago        

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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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