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Zoom Raises Profit and Revenue Forecast Amid Strong Demand for Hybrid Work Solutions

In light of the continuous transition to hybrid work and the high demand for its products, Zoom Video Communications increased its yearly profit and s

In light of the continuous transition to hybrid work and the high demand for its products, Zoom Video Communications increased its yearly profit and sales prediction. The companys optimistic view may be attributed to its attempts to incorporate artificial intelligence AI and broaden its service offerings, such as the launch of the AIpowered collaboration platform Zoom Workplace. During the pandemic, Zooms use, as well as that of Microsoft Teams and Cisco Webex, increased. Zooms CEO, Eric Yuan, emphasised how AI is integrated throughout the Zoom platform, particularly in Zoom Contact Centre and Zoom Workplace. Zooms revised fullyear earnings per share range from $4.99 to $5.02, with sales expected to reach between $4.61 billion and $4.62 billion in 2025. Zoom announced $1.14 billion in sales for the first quarter, above analysts projections, and quarterly adjusted profits Read More..

B2B Tech News | 1 years ago        

UK Payment Regulator Raises Alarms Over Visa and Mastercard Fee Hikes

Concerned about Visa and Mastercard price rises, the Payment Systems Regulator PSR noted that while fees have increased significantly over the last fi

Concerned about Visa and Mastercard price rises, the Payment Systems Regulator PSR noted that while fees have increased significantly over the last five years, there has yet to be any sign of a commensurate improvement in services. The PSRs initial assessment highlighted the restricted options available to retailers since both corporations control 95 per cent of transactions using UKissued cards. It projected that these price increases had increased UK businesses costs by over £250 million. Visa did not immediately reply, while Mastercard disagreed with the conclusions, citing industry rivalry. The PSR suggested solutions, such as increased reporting requirements and openness. A final report is expected by years end, and public comments are welcome through July 30. Read More..

B2B Tech News | 1 years ago        

BHP Group Shares Surge Amid Speculation Over Anglo American Takeover Bid

Ahead of the deadline to formally submit a proposal for Anglo American, which recently rejected a $43 billion buyout offer, shares of BHP Group shot u

Ahead of the deadline to formally submit a proposal for Anglo American, which recently rejected a $43 billion buyout offer, shares of BHP Group shot up to a threemonth high. Analysts credit positive market factors, such as Chinas stimulus package for real estate and recordhigh copper prices, for BHPs stock surge. However, they express scepticism over BHPs possibility of pursuing a second proposal, given Anglos lacklustre reaction. By UK takeover regulations, BHP must either make a legally binding bid for Anglo by this Wednesday or wait six months. BHP refrained from commenting, although Anglo has turned down two prior offers in favour of concentrating on copper holdings and selling off other companies. The likelihood of competing bids or Anglo selling assets increases with the length of the purchase process. Read More..

B2B Tech News | 1 years ago        

Sanofi Teams Up with OpenAI and Formation Bio to Revolutionize Drug Development

Sanofi has partnered with Formation Bio and OpenAI to use artificial intelligence AI to improve its drug development efforts. Sanofi hopes to use Open

Sanofi has partnered with Formation Bio and OpenAI to use artificial intelligence AI to improve its drug development efforts. Sanofi hopes to use OpenAIs private data in this partnership to create AI models specifically for its biopharma initiatives, while Formation Bio will provide more technical resources. This action highlights a more significant trend in which big pharmaceutical corporations use AI to identify patients more quickly or lower the sample size needed for clinical trials, speeding up the medication development process and saving significant money. Read More..

B2B Tech News | 1 years ago        

UN Report Global Economy Sees Brighter Outlook, With Growth Forecast Raised

In contrast to its January prognosis, the United Nations mid2024 report shows a better picture of the world economy. The research shows improved outlo

In contrast to its January prognosis, the United Nations mid2024 report shows a better picture of the world economy. The research shows improved outlooks for the US and several significant emerging economies, including Russia, Brazil, and India. The prior estimate of 2.4% for global economic growth in 2024 has been revised to 2.7%, while the estimate for 2025 has been increased to 2.8%. The research also highlights problems faced by the worlds poorest countries and tiny island governments, including rising interest rates, problems paying off debt, geopolitical unrest, and climatic hazards. Persistent inflation over the 2% target in many wealthy nations indicates underlying economic instability, even though inflation has declined from its high in 2023. Concerns persist for Africa, with economic growth projected at 3.3%, lower than earlier forecasts, attributed to weak prospects in critical economies, debt distress, and high inflation rates. Read More..

B2B Tech News | 1 years ago        

EU Launches Investigations Into Alleged Unfair Trade Practices by Chinese Manufacturers

The European Union has opened multiple investigations into possible unfair trade practices by Chinese businesses in several industries. These inquirie

The European Union has opened multiple investigations into possible unfair trade practices by Chinese businesses in several industries. These inquiries include antidumping inquiries into wood flooring imports, flatrolled steel goods coated with tin, and Chinese public medical equipment purchases. Furthermore, the EU closely examines subsidies that Chinese wind turbine suppliers have received, Chinese bidders involvement in a Romanian solar park contest, and possible excessive subsidies supporting Chinese electric vehicle exports to the EU market. These initiatives seek to stop unfair competition and market distortion, and if unethical behaviour is discovered, they may include sanctions or temporary tariffs on Chinese businesses. Read More..

B2B Tech News | 1 years ago        

DXC Technology Plummets 18% as Restructuring Plan and Weak Forecasts Rattle Investors

Following the release of a new restructuring plan and lowerthanexpected revenue and profit projections for the fiscal year 2025, DXC Technology shares

Following the release of a new restructuring plan and lowerthanexpected revenue and profit projections for the fiscal year 2025, DXC Technology shares fell by 18% on Friday. DXC still needs help switching from traditional IT outsourcing services to cloudbased solutions, even after previous attempts at transformation and leadership changes. An extra $250 million is anticipated to be spent on the most recent restructuring initiatives, which seek to decrease surplus capacity in legacy operations and streamline the firm, in the fiscal year 2025. This action and an anticipated drop in free cash flow have made analysts doubt DXCs capacity to turn around its company. Due to the companys declining stock value, several analysts have lowered their target prices. Read More..

B2B Tech News | 1 years ago        

TV Upfronts in NYC Spotlight Ad Tech and AI Over Traditional Advertising

This week, a move away from traditional TV advertising was evident in New York Citys television upfront presentations, where ad tech and artificial in

This week, a move away from traditional TV advertising was evident in New York Citys television upfront presentations, where ad tech and artificial intelligence took centre stage. The emphasis was on cuttingedge ad formats and the growing reach of streaming platforms, even as superstars like Alicia Keys and Kevin Hart provided entertainment. Warner Bros Discovery promoted shoppable advertisements, YouTube offered AIpowered nonskippable ads, and Netflix debuted inhouse ad technology. With its first presentation, Amazon created quite a stir by highlighting Prime Videos enormous library of streaming content and worldwide user base. In light of the industrys shift to streaming, Disneys CEO underlined the timeless value of narrative, consistent with a broader trend in media consumption and advertising tactics towards digital platforms. Read More..

B2B Tech News | 1 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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