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AMD Revolutionizes Fintech with NanosecondSpeed Trading Card

The Alveo UL3524 accelerator card from AMD has been unveiled in response to the fintech sectors demand for ultralow latency electronic trading solutio

The Alveo UL3524 accelerator card from AMD has been unveiled in response to the fintech sectors demand for ultralow latency electronic trading solutions. This FPGAbased card provides nanosecondspeed trading capabilities and is aimed at proprietary traders, market makers, hedge funds, brokerages, and exchanges. The Alveo UL3524 enables AIpowered trading techniques, allowing users to accelerate their unique hardwareaccelerated algorithms and respond to changing market conditions. When developing customised fintech solutions, AMD works with strategic partners to improve performance in trading, risk management, and compliance. They provide significant performance gains but frequently come at a more high price, necessitating compatibility and purposespecific choices. Read More..

B2B Tech News | 2 days ago          

US and German Bonds Surge Amidst Fiscal Concerns

Government bond prices have fallen during the third quarter, with U.S. and German government bond yields recording their highest quarterly increases i

Government bond prices have fallen during the third quarter, with U.S. and German government bond yields recording their highest quarterly increases in a year due to fiscal concerns and worries about persistently highinterest rates. For fund managers anticipating recovery from the losses experienced in 2022 due to interest rate hikes by central banks, this is a disappointment. Equities have experienced their first quarterly decline of the year as a result of the rise in yields, particularly in the U.S. Hawkish central banks, along with other reasons like budgetary concerns and rising oil costs, have contributed to the turmoil in the bond market, forcing investors to change their expectations. While some predict that yields will reach 5%, others still believe shorterdated bonds offer chances. Read More..

B2B Tech News | 2 days ago          

Oil Prices Slip as Russia and Saudi Arabia Boost Supply

Profittaking and projected increases in production from Russia and Saudi Arabia contributed to the decrease in oil prices. United States West Texas In

Profittaking and projected increases in production from Russia and Saudi Arabia contributed to the decrease in oil prices. United States West Texas Intermediate crude WTI declined 8 cents to $91.63 per barrel, and Brent November futures fell 21 cents to $95.17 per barrel. As part of OPEC+, Saudi Arabia and Russia have reduced their daily production by 1.3 million barrels. Still, Russia has relaxed its export restrictions, boosting supply expectations. Global oil consumption was boosted by favourable macroeconomic indicators and Chinas Golden Week holiday. But worries about a potential global recession, which would affect shortterm oil consumption, continue to exist. Read More..

B2B Tech News | 2 days ago          

Microsoft benefits from enhanced availability of Nvidia AI chips

Microsofts technology chief, Kevin Scott, noted an improved access to Nvidias AIfocused GPUs compared to previous months. The high demand for these ch

Microsofts technology chief, Kevin Scott, noted an improved access to Nvidias AIfocused GPUs compared to previous months. The high demand for these chips surged following the launch of OpenAIs ChatGPT chatbot, supported by Microsoft. Similar to other tech giants like Google, Microsoft has rapidly integrated generative AI into its products and offered these capabilities to clients, relying heavily on Nvidias GPUs for training and deploying AI models. This demand has led to supply shortages. Nvidia anticipates a 170% revenue growth compared to the previous year, with their control of the AI chip market resulting in a remarkable rise in gross margin and stock price, up 190% in 2023. They also plan to increase supply in the coming quarters. Read More..

B2B Tech News | 3 days ago          

Oil market buzz prices reach their peak of 2023

Oil prices soared to their highest level in over a year during Asian trading, driven by a sharp decline in crude inventories at the Cushing storage hu

Oil prices soared to their highest level in over a year during Asian trading, driven by a sharp decline in crude inventories at the Cushing storage hub, which reached its lowest point since July the previous year. Data from the U.S. Energy Information Administration revealed a drop of 943,000 barrels compared to the previous week, with U.S. West Texas Intermediate futures peaking at $95.03 per barrel, the highest since August 2022. Meanwhile, the global benchmark Brent rose by 1.05% to $97.56 a barrel. Expectations are for elevated oil prices through the year, with OPEC+ supply restrictions, including Russias export reduction and Saudi Arabias production cut extension, posing potential upside risks. Read More..

B2B Tech News | 3 days ago          

SAP Unveils Joule AI Copilot to Revolutionize Business Operations

SAP SE has unveiled Joule, an AI copilot designed to transform business operations. Integrated across SAPs cloud enterprise portfolio, Joule offers pr

SAP SE has unveiled Joule, an AI copilot designed to transform business operations. Integrated across SAPs cloud enterprise portfolio, Joule offers proactive, contextaware insights from various SAP and external sources. It rapidly analyzes data from multiple systems, facilitating quicker tasks and better business outcomes while ensuring security and compliance. With nearly 300 million enterprise users globally, Joule has the potential to redefine corporate workflows. It builds upon SAPs expertise at the intersection of business and technology, aligning with their ethical Business AI approach. Joule will seamlessly embed into SAP applications, spanning HR, finance, supply chain, procurement, customer experience, and the SAP Business Technology Platform. Read More..

B2B Tech News | 3 days ago          

Mark Zuckerberg Reveals GameChanging AI Innovations at Metas Connect Conference

Under CEO Mark Zuckerbergs leadership, Meta is unveiling AI tools and celebritybacked digital assistants to advance the metaverse. At the Connect conf

Under CEO Mark Zuckerbergs leadership, Meta is unveiling AI tools and celebritybacked digital assistants to advance the metaverse. At the Connect conference in Menlo Park, they showcased this alongside the Quest 3 VR headset and RayBan smart glasses. WhatsApp and Messenger users will soon get autogenerated digital stickers from text prompts, akin to ChatGPT. Instagram, owned by Meta, will soon offer AIpowered photo editing via text prompts, using the Emu computer vision model. This tech will expand to Metas chat platforms, resembling Discords Midjourney AI app. The company aims to reshape the digital landscape with these innovations. Read More..

B2B Tech News | 3 days ago          

Argentinas Fiscal Targets at Risk Amid Election Promises

Following its victory in October, economists are concerned about the potential for hyperinflation in Argentina. The warning comes after populist candi

Following its victory in October, economists are concerned about the potential for hyperinflation in Argentina. The warning comes after populist candidate Javier Milei promised to dollarize the economy, and populist economy minister Sergio Massa went on a spending binge. Along with other initiatives to put money in voters pockets, Massa has suggested eliminating income tax for all but a small portion of registered workers. These actions, such as cash transfers and adjustments to the income tax threshold, might substantially impact the nation. They might be financed temporarily by printing money, resulting in higher inflation. The targets for reducing Argentinas fiscal deficit and money printing outlined in an IMF loan programme may be in jeopardy. Read More..

B2B Tech News | 3 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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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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