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Synopsys Raises Annual Revenue and Profit Forecast Amid AI Boom

Due to rising demand from the AI boom, Synopsys, a significant leader in semiconductor design software, has increased its yearly revenue and profit pr

Due to rising demand from the AI boom, Synopsys, a significant leader in semiconductor design software, has increased its yearly revenue and profit prediction. Strong demand for core goods, particularly in bespoke chip design for AI applications, was emphasised by CEO Sassine Ghazi. Semiconductor companies are using Synopsys AIpowered electrical design automation suite as they continue to spend on research and design. The corporation increased its profits per share from $12.90 to $12.98 and decreased its predicted yearly sales from $6.09 billion to $6.15 billion. As evidenced by its acquisition of Ansys and the approval of Ansys shareholders, Synopsys is confident about future growth, even if it missed sales projections in the second quarter. Synopsys is working with Chinese officials to address regulatory concerns about the Ansys purchase. Read More..

B2B Tech News | 2 days ago        

Tesla Directs Suppliers to Move Production Outside China and Taiwan

A major strategic step was made by Tesla when it ordered parts suppliers for cars sold outside of China to transfer their production away from Taiwan

A major strategic step was made by Tesla when it ordered parts suppliers for cars sold outside of China to transfer their production away from Taiwan and China by the end of the following year. Essential parts, including printed circuit boards, displays, and electronic control units, are apparently covered in the guide. This change implies that Tesla wants to lessen its dependency on China and Taiwan and diversify its supply chain to minimise geopolitical risks and maintain business continuity. Tesla hopes to improve resilience against interruptions by distributing manufacturing across many areas. This also provides the company with logistics, cost control, and market access benefits. However, Tesla and its suppliers must successfully negotiate any obstacles from this transition, including supply chain reorganisation and operational changes. Read More..

B2B Tech News | 2 days ago        

Singapores Economy Surges 2.7% in Q1 2024, Beating Forecasts

In Q12024, Singapores GDP grew 2.7% year over year, the most substantial growth in eighteen months, matching preliminary estimates and outpacing proje

In Q12024, Singapores GDP grew 2.7% year over year, the most substantial growth in eighteen months, matching preliminary estimates and outpacing projections by experts. MASs Edward Robinson reaffirmed that the existing monetary policy settings, intended to limit import inflation and local costs, are adequate. In April, core inflation was constant at 3.1%, with a forecast modest decline by Q4. The manufacturing and trade sectors would gradually improve, with GDP growth prospects remaining between 1.0% to 3.0%. In the wake of geopolitical unrest, uncertain global financial markets, and leadership changes—Lawrence Wong took over as Singapores PM recently—nonoil exports confront difficulties. Read More..

B2B Tech News | 2 days ago        

TSMC Forecasts 10% Annual Revenue Growth Fueled by AI Opportunities

Leading participant in the semiconductor market, TSMC expects 10% yearly sales growth, excluding memory chips, fueled by the expanding AI market. At a

Leading participant in the semiconductor market, TSMC expects 10% yearly sales growth, excluding memory chips, fueled by the expanding AI market. At a Hsinchu event, senior vice president Cliff Hou highlighted this tendency. Even if it reduced its forecast back in April, TSMC is nevertheless upbeat about the state of affairs right now. According to World Semiconductor Trade Statistics, the worldwide semiconductor market is expected to increase by 13.1% by 2024. TSMC anticipates a significant revenue surge during the second quarter, driven by the increasing need for chips in artificial intelligence applications. Nvidias latest prediction of quarterly solid sales and a stock split highlights investor confidence and industry optimism even further. Read More..

B2B Tech News | 2 days ago        

Kyndryl and NVIDIA Partner to Accelerate AI Adoption Across Industries

Kyndryl and NVIDIA have partnered to hasten the corporate adoption of AIpowered solutions. Using NVIDIAs accelerated processing and software, Kyndryls

Kyndryl and NVIDIA have partnered to hasten the corporate adoption of AIpowered solutions. Using NVIDIAs accelerated processing and software, Kyndryls AIdriven platform, Kyndryl Bridge, will enable the whole lifecycle of AI development and deployment. Kyndryl will help clients efficiently test, implement, and scale generative AI solutions across a range of sectors using its experience and NVIDIA technology. Kyndryl incorporates NVIDIAs NeMo platform with NIM inference microservices to handle typical industrial use cases and issues, including realtime analytics and IT operations automation. This partnership aims to improve productivity, accelerate uptake, and generate value for clients looking to incorporate AI into their processes. Read More..

B2B Tech News | 2 days ago        

AWS Partners with Hugging Face to Optimize AI Model Deployment on Inferentia2 Chips

Hugging Face, an AI company, and Amazon Web Services AWS have partnered to expedite the implementation of AI models using AWS proprietary computer chi

Hugging Face, an AI company, and Amazon Web Services AWS have partnered to expedite the implementation of AI models using AWS proprietary computer chips known as Inferentia2. AI developers may access and alter opensource AI models with Hugging Face. By working together, we aim to improve the efficiency and affordability of running AI models on AWS, meeting the demands of developers who want to integrate modified models into software applications. AWS offers Inferentia2 as a strong option for conducting inference at scale by highlighting the financial benefits of their processors for inference workloads in contrast to Nvidias hegemony in model training. Read More..

B2B Tech News | 2 days ago        

Dell Technologies Unveils AI Factory to Provide Comprehensive AI Solutions Across Devices, Data Centers, and Cloud

To offer the most extensive AI portfolio—from devices to data centres and cloud—Dell Technologies established the Dell AI Factory. This portfolio

To offer the most extensive AI portfolio—from devices to data centres and cloud—Dell Technologies established the Dell AI Factory. This portfolio may be purchased conventionally or through a subscription to Dell APEX. This effort provides infrastructure built for the speed and scale of AI to support advanced AI applications. Essential products include PowerScale F910, an improved storage solution, AI PCs with Snapdragon CPUs, and PowerSwitch Z9864FON, a robust networking solution. Additionally, Dell provides enhanced AI professional services and works with Hugging Face and Meta to implement AI models onpremises. With integrated Dell and NVIDIA solutions, Jeff Clarke, COO of Dell, aims to accelerate AI adoption and enhance business outcomes. He highlights the significance of purposebuilt IT infrastructure in fulfilling AI demands. Read More..

B2B Tech News | 2 days ago        

Tata Communications and Cisco Launch Webex Calling by Tata Communications in India

In India, Webex Calling with Cloud Public Switched Telephone Network PSTN has been introduced by Tata Communications and Cisco under "Webex Calling by

In India, Webex Calling with Cloud Public Switched Telephone Network PSTN has been introduced by Tata Communications and Cisco under "Webex Calling by Tata Communications." With this service, businesses in India may use a fully cloudbased business phone system that combines Webex Calling from Cisco with the GlobalRapide platform from Tata Communications. Through a globally accessible cloud platform with customisable deployment choices, centralised management, and AIpowered collaboration capabilities, Webex Calling provides enterprisegrade calling services. This integration allows businesses to collaborate and interact more efficiently, guaranteeing dependable, secure, and easy communication. President of Cisco India & SAARC Daisy Chittilapilly emphasised the advantages of hybrid work environments. In contrast, Tata Communications Arijit Bonnerjee emphasised the partnerships milestone of improving digital communication for Indian national and international businesses. Read More..

B2B Tech News | 2 days 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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