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BUSINESS NEWS

Global Smartphone Market Contracts 8% in Q3, Top Brands Hit Hard

According to statistics from Counterpoint Research, the worldwide smartphone market shrank by 8% in Q3, reaching its lowest level in a decade. This de

According to statistics from Counterpoint Research, the worldwide smartphone market shrank by 8% in Q3, reaching its lowest level in a decade. This decline was primarily due to weak demand for popular brands like Apple and Samsung in developed economies. According to the survey, the top five brands market shares are dropping, which raises questions about how this will affect companies like Apple, whose shipments decreased by 8%. However, a glimmer of hope exists as industrywide shipments rose 2% from Q2 to suggest that a twoyear decline may end. Growth may be fueled by elements like Apples iPhone 15 series and regional holiday sales. In this challenging year, emerging markets have been a bright spot, with the Middle East and Africa exhibiting yearoveryear increases in Q3. Read More..

B2B Tech News | 1 months ago        

Chinese Investment Surges in Thailand, Boosting Economic Growth

Despite Chinas economic slowdown, Chinese investment in Thailand is increasing in 2023, giving Thailands new prime minister a big boost. Thailand rece

Despite Chinas economic slowdown, Chinese investment in Thailand is increasing in 2023, giving Thailands new prime minister a big boost. Thailand received requests for $10.1 billion in foreign investments between January and August, with Chinese companies receiving most of those requests $3.1 billion. The country has emerged as a desirable location for Chinese electric vehicle EV manufacturers, including Xiaomi, BYD, and Great Wall Motor, with at least $1.44 billion in investment commitments. Thailands central bank expects economic growth to reach 4.4% in 2024. In the upcoming years, the boom in Chinese investments will likely continue, supporting Thailands economy. Read More..

B2B Tech News | 1 months ago        

Bitcoin Soars to $29,900, Drops on BlackRock Denial

Bitcoin enjoyed a brief gain, reaching $29,900, but then dropped after BlackRock, a significant asset management, rejected rumours that a crypto inves

Bitcoin enjoyed a brief gain, reaching $29,900, but then dropped after BlackRock, a significant asset management, rejected rumours that a crypto investment product had received regulatory approval in the United States. The volatility of Bitcoin was evident as it ended the day at $28,211, up 3.82% but below its peak. When the SEC approved BlackRocks application for a bitcoin ETF, Coin Telegraph initially published the news before retracting it. BlackRock dispelled the rumour by confirming that the SEC was reviewing its application. Investors eagerly anticipated the approval of the spot bitcoin ETF, which is viewed as a potential catalyst for the industry, demonstrating the cryptocurrency markets sensitivity to good news. Read More..

B2B Tech News | 1 months ago        

Mitsubishi Eyes Fujitsus Shinko Electric for Semiconductor Entry

To enter the semiconductor industry, Mitsubishi Corp. is considering a bid for Fujitsus Shinko Electric Industries, a chip packaging business. Buyout

To enter the semiconductor industry, Mitsubishi Corp. is considering a bid for Fujitsus Shinko Electric Industries, a chip packaging business. Buyout firms and Japan Investment Corp. have expressed interest in Fujitsus sale of its 50% stake in Shinko Electric. Although negotiations are in their early stages, Mitsubishi and one of these prospective buyers may submit a joint bid. The sale, estimated at $2.6 billion, would raise issues for the national economys security. Japan recently invested in chip production to revive its semiconductor sector. In light of the fluctuating energy prices, Mitsubishi has expanded into the semiconductor industry. Read More..

B2B Tech News | 1 months ago        

Personalized Solutions and Efficient Operations AIs Business Transformation

Artificial intelligence has stirred significant changes in the business landscape, acting as a catalyst for transformation. For instance, AIs capacity

Artificial intelligence has stirred significant changes in the business landscape, acting as a catalyst for transformation. For instance, AIs capacity to rapidly process large volumes of data enables swifter and more informed decisionmaking. Additionally, AIs proficiency in analyzing extensive datasets allows for predictive analysis. Moreover, AI enhances customer experiences by enabling personalized interactions, anticipating customer needs, and offering solutions. Furthermore, it contributes to cost reduction in business operations. The automation of routine tasks allows companies to allocate resources more strategically, ultimately reducing operational expenses. Read More..

B2B Tech News | 1 months ago        

Toyota Accelerates EV Ambitions with SolidState Battery Collaboration

Toyota, Japans leading automaker, has partnered with the major Japanese oil company Idemitsu to develop technology for massproducing solidstate batter

Toyota, Japans leading automaker, has partnered with the major Japanese oil company Idemitsu to develop technology for massproducing solidstate batteries for electric vehicles EVs. This collaboration is a significant move for Toyota, aiming to catch up with competitors like Tesla and BYD in the EV market. Toyota has been slower to enter the EV market due to its focus on successful hybrid vehicles like the Prius. Toyota and Idemitsu plan to commercialize solidstate batteries by 20272028, leveraging Toyotas production expertise and Idemitsus material technologies. Toyotas CEO, Koji Sato, expressed confidence in their progress, emphasizing the stability and durability of the materials developed. Read More..

B2B Tech News | 1 months ago        

Singapore Takes the Lead in AI and ML Investment

Singaporean businesses are leading the world in AI and ML investment, according to a study by Workday, a cloudbased finance and HR solutions provider.

Singaporean businesses are leading the world in AI and ML investment, according to a study by Workday, a cloudbased finance and HR solutions provider. The "CSuite Global AI Indicator Report," which surveyed 2,355 global business leaders, focuses on the impact of AI and ML on the workforce. The research reveals that Singaporean companies allocate an average of 24% of their annual budget to AI and ML, outpacing the United States 22% and Canada 21%, as well as the global average of 18%. Additionally, Singaporean businesses are optimistic about the longterm potential of AI and ML, with half of the respondents believing these technologies will significantly enhance human capabilities. Read More..

B2B Tech News | 1 months ago        

ZoomInfo Utilizes AI for Accurate Global B2B Data at Scale

ZoomInfo, a platform for customer acquisition and growth, has announced a significant expansion of its global B2B data. It now encompasses 321 million

ZoomInfo, a platform for customer acquisition and growth, has announced a significant expansion of its global B2B data. It now encompasses 321 million professional contacts at 104 million companies, with a particular focus on international markets in Europe, Asia, and Australia, offering access to over 200 million business contacts outside of North America. This expansion enhances the capabilities of sales and marketing teams targeting international markets, with a commitment to data accuracy through AI technology and a dedicated research team of 300+ experts verifying data. Read More..

B2B Tech News | 1 months 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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