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Qualcomm Settles ClassAction Lawsuit for $75 Million

Qualcomm has consented to pay $75 million to settle a classaction complaint alleging that it misled investors by hiding anticompetitive licencing and

Qualcomm has consented to pay $75 million to settle a classaction complaint alleging that it misled investors by hiding anticompetitive licencing and sales practices. The preliminary settlement, an allcash deal submitted to a federal court in San Diego, is pending approval by U.S. District Judge Jinsook Ohta. The case, which was approved as a class action in March 2023, charged Qualcomm with manipulating its stock price between February 2012 and January 2017. Investors said Qualcomm misrepresented the separation between its technology licencing and chip sales, accusing the company of engaging in anticompetitive bundling activities. In consenting to a settlement, Qualcomm and its former CEOs, Paul Jacobs and Steven Mollenkopf, denied any wrongdoing. Requests for comments on the settlement have yet to be received by the corporation. Read More..

B2B Tech News | 19 hours ago        

Trump Media & Technology Group Secures SEC Approval for $247 Million Share Resale

The Securities and Exchange Commission has accepted Trump Media & Technology Groups DJT.O application to resell certain shares and warrants, with the

The Securities and Exchange Commission has accepted Trump Media & Technology Groups DJT.O application to resell certain shares and warrants, with the potential to raise to $247 million, the company said on Tuesday. This development enables the firm to move on with the exercise of warrants, putting it in a favourable position to investigate mergers and acquisitions, improve its platform, and explore TV streaming ideas. Despite these possibilities, worries over possible stock dilution caused the companys shares to drop sharply in afterhours trade by roughly 14%. According to Trump Media, the money from these deals will increase its substantial $200 million cash reserves. The firms market valuation is presently $5.53 billion, a 46% decrease from its March Nasdaq IPO. Read More..

B2B Tech News | 19 hours ago        

Microsoft in Landmark Purchase of 8 Million Carbon Offset Credits from BTG Pactual TIG

By agreeing to sell Microsoft 8 million carbon offset credits, Brazils BTG Pactual Timberland Investment Group TIG has achieved a significant agreemen

By agreeing to sell Microsoft 8 million carbon offset credits, Brazils BTG Pactual Timberland Investment Group TIG has achieved a significant agreement that is purportedly the largest of its kind to date. These credits came from BTG Pactual TIGs forest restoration initiatives throughout Latin America, eliminating 8 million tonnes of carbon dioxide emissions. By funding emissionreduction initiatives abroad, carbon offset certificates enable businesses like Microsoft to compensate for their greenhouse gas emissions. The deals financial details were kept a secret. Microsoft, wellknown for its aggressive climate objectives, such as achieving carbon neutrality by 2030, still needs to provide a statement about the deal. This accord highlights the increasing significance of carbon markets in international efforts to address climate change. Read More..

B2B Tech News | 19 hours ago        

International Day of Family Remittances Celebrates Global Economic Impact

The UNs International Fund for Agricultural Development IFAD created the International Day of Family Remittances IDFR to highlight remittances vital r

The UNs International Fund for Agricultural Development IFAD created the International Day of Family Remittances IDFR to highlight remittances vital role in world economies. Remittance flows have quintupled over the last 20 years, reaching sizeable amounts that support millions, particularly in rural regions confronting poverty and climatic issues. 1.4 billion persons worldwide are still unbanked despite these advancements, with women being disproportionately impacted. Even though they have decreased from 9.7% to 6.2% since 2009, remittance expenses still surpass the 3% objective set by the UN under the Sustainable Development Goals. Although access has increased due to digitalization, there are still issues, particularly in nations like Kenya, where expenses are still high despite significant inflows. IDFR events highlight these issues and celebrate migrant contributions while urging continued efforts to reduce costs and enhance financial inclusion through remittances. Read More..

B2B Tech News | 19 hours ago        

Nvidias Market Cap Hits $3.335 Trillion, Overtaking Microsoft

With a market valuation of $3.335 trillion, Nvidia NVDA.O eclipsed Microsoft MSFT.O on Tuesday to take the top spot as the most valuable business in t

With a market valuation of $3.335 trillion, Nvidia NVDA.O eclipsed Microsoft MSFT.O on Tuesday to take the top spot as the most valuable business in the world. Due mainly to its superior processors, Nvidia has risen to the top of the artificial intelligence technological race. Amidst Wall Streets confidence in AI, the chipmakers stock continued its remarkable run, rising 3.5% to $135.58. Nvidias over threefold increase in market value this year alone highlights its superiority in AI chips, even in the face of supply restrictions. Its substantial influence on the market is demonstrated by Nvidia, which currently represents over 16% of all trading in S&P 500 firms, with daily trading volumes averaging $50 billion. Read More..

B2B Tech News | 19 hours ago        

Kapture CX Launches AutoQA Revolutionizing Quality Assurance with AI Power

AutoQA is an AIpowered tool that Kapture CX has introduced to revolutionize traditional quality assurance in customer service. To improve agent perfor

AutoQA is an AIpowered tool that Kapture CX has introduced to revolutionize traditional quality assurance in customer service. To improve agent performance and customer experiences, AutoQA automates and analyses customer interactions across various channels. This process yields quick, datadriven insights. Thanks to this breakthrough, quality assurance is now an efficient, objective examination that uses AI and ML algorithms rather than a laborious, human approach. Contact centre managers will be able to concentrate on strategic projects rather than tactical duties thanks to AutoQA, according to COO Sanchit Sood. With the platforms hyperpersonalization feature, firms may alter the scoring factors and dashboards to suit their needs. AutoQAs extensive analytics assist in discovering areas for improvement, eventually boosting customer happiness, advocacy, and income. Read More..

B2B Tech News | 19 hours ago        

Verizon Uses Generative AI to Retain 100,000 Customers, Says CEO Hans Vestberg

According to CEO Hans Vestberg, Verizon uses generative AI to connect consumers with the appropriate agents, anticipate the reason behind a call, and

According to CEO Hans Vestberg, Verizon uses generative AI to connect consumers with the appropriate agents, anticipate the reason behind a call, and shorten shop visits to retain 100,000 customers this year. The AI can anticipate call causes 80% of the time, with over 170 million calls each year, matching 60,000 call agents optimally. This programme intends to improve customer experience and lower churn, along with several other AIbacked customer service upgrades introduced earlier this year. With 70 million store visits a year and 145 million cellular retail connections by 2023, Verizon anticipates these AI improvements will increase profitability and reduce churn while protecting customer privacy on its network. Read More..

B2B Tech News | 19 hours ago        

AMD Investigates Data Breach Claims by Cybercriminal Group "Intelbroker"

Advanced Micro Devices AMD declared that it is investigating allegations that a cybercriminal group called "Intelbroker" stole company data. The chipm

Advanced Micro Devices AMD declared that it is investigating allegations that a cybercriminal group called "Intelbroker" stole company data. The chipmaker is evaluating the incident and the possible consequences of the breach in close collaboration with law enforcement and an outside hosting partner. According to media sources, various sensitive data may have been compromised, including financial records, client databases, and information about upcoming products. Following the announcement, AMD shares saw a little decrease in extended trading. Read More..

B2B Tech News | 19 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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