Header-template

BUSINESS NEWS

Baidus Ernie Bot Surpasses 200 Million Users, CEO Robin Li Announces

At the AI Create conference, Baidus CEO Robin Li said that the ChatGPTlike Ernie bot now has over 200 million users. Li revealed plans for an addition

At the AI Create conference, Baidus CEO Robin Li said that the ChatGPTlike Ernie bot now has over 200 million users. Li revealed plans for an additional AI creation contest with a $50,000 $7,000,000 prize of 50 million yuan. Baidu is showcasing new tools, including ModelBuilder and AgentBuilder, in an effort to make AI integration easier for both noncoders and engineers. Since its public introduction, Ernie—which is based on Baidus Ernie language model—has grown in popularity, with more than 26,000 enterprises using it every month. Despite obstacles to global AI development, such as shortages of chips, Baidu is nevertheless upbeat about AIs potential to generate money and projects significant growth by 2024. Read More..

B2B Tech News | 2 months ago        

UK GDP Grows by 0.1% in February, Offering Hope of Recession Recovery

The UKs GDP expanded by 0.1% in February, making it two months of growth and boosting prospects for an economic recovery. The Office for National Stat

The UKs GDP expanded by 0.1% in February, making it two months of growth and boosting prospects for an economic recovery. The Office for National Statistics also revised the January growth rate to 0.3%. Even with the slow growth, the data points to the potential for an economic recovery, especially given the slowing inflation rate and the impending decline in home energy costs. Growth was driven mainly by production, with a slight increase in services output. On the other hand, bad weather caused a decrease in the production of construction. According to Chancellor Jeremy Hunt, the data is encouraging and lessens the pressure on the Bank of England to decrease interest rates, which are currently anticipated to happen in June. This bullish prediction indicates the possibility of a gentle landing in the war against inflation without a protracted recession. Read More..

B2B Tech News | 2 months ago        

New Study Shows Surge in Global Coal Power Capacity, Led by China

According to a recent study, there is a global increase in coal power capacity, with China leading the rise and forecasts for the future. According to

According to a recent study, there is a global increase in coal power capacity, with China leading the rise and forecasts for the future. According to Global Energy Monitor, there has been a 2% rise in capacity over the previous year, with twothirds of that growth coming from China alone. China has pledged to restrict its coal usage. Still, it started building a sizable amount of new coalpower capacity last year. Experts, however, think China can still reach its climate commitments if it acts quickly. The research emphasises how urgent it is for nations to fasttrack coal plant closures to meet the objectives of the Paris Agreement. Coal remains an essential energy source, even if the worlds potential for renewable energy expands, especially in Chinas manufacturingdriven economy. Read More..

B2B Tech News | 2 months ago        

Salesforce in Advanced Talks to Acquire Informatica, Sources Say

A person familiar with the situation said that Salesforce and Informatica are apparently in advanced talks about being acquired by Salesforce. Its pre

A person familiar with the situation said that Salesforce and Informatica are apparently in advanced talks about being acquired by Salesforce. Its predicted that the prospective acquisition, which may be disclosed soon, will be less than Informaticas current share price of $38.48. Founded in 1993, Informatica provides cloudbased data management services to clients such as Deloitte and Unilever. With an almost 43% increase in share value this year, the corporation is now valued at about $11.35 billion. Should the purchase go through, it would be Salesforces most significant transaction since the company paid roughly $28 billion to acquire Slack Technologies in 2020. With Salesforce looking to enhance its portfolio in the face of heightened competition and shifting market dynamics, this move indicates the rising trend of dealmaking in the technology sector. Read More..

B2B Tech News | 2 months ago        

Hindalco Industries Set to Achieve Strong Q4 Performance, Projects Prabhudas Lilladher

According to Prabhudas Lilladher, Hindalco Industries is expected to have a net profit of Rs. 3,220 crore in the fourth quarter of 2024, up 38.1% from

According to Prabhudas Lilladher, Hindalco Industries is expected to have a net profit of Rs. 3,220 crore in the fourth quarter of 2024, up 38.1% from the previous quarter and 33.6% from the previous year. Even with a predicted 0.7% yearoveryear decline, net sales are predicted to reach Rs. 55,470 crores, indicating a positive 5% quarteroverquarter rise. It is anticipated that EBITDA, or profits before interest, tax, depreciation, and amortisation, will increase to Rs. 7,100 crore by 21% every quarter and by 33.2% annually. Based on this view, Hindalco Industries should perform well in the next quarter. Read More..

B2B Tech News | 2 months ago        

Bank of Korea Holds Policy Rate Amid Uncertainty in Inflation and Export Strength

Despite experts predictions for a reduction, the Bank of Korea BOK decided to keep its policy rate at 3.50%, citing inflation and export strength unce

Despite experts predictions for a reduction, the Bank of Korea BOK decided to keep its policy rate at 3.50%, citing inflation and export strength uncertainties. Governor Rhee Changyong stated that it was difficult to forecast rate reductions for the second half of the year and that they should only be considered once the 2% inflation objective had been reached. The BOK preserved its tight policy stance, although a change in wording suggested that rate reduction may come in the future. By years end, analysts predict two 25 basispoint decreases driven by local and international monetary policy, export growth, and inflation. If needed, the BOK is ready to stabilise the market and is watchful over oil prices, export performance, and currency changes. Read More..

B2B Tech News | 2 months ago        

HUL Faces Tough Competition from Niche Brands Amid Shifting Consumer Preferences

The top consumer corporation in India, Hindustan Unilever Ltd. HUL, needs help as the nations consumer class wants more advanced goods. HUL faces fier

The top consumer corporation in India, Hindustan Unilever Ltd. HUL, needs help as the nations consumer class wants more advanced goods. HUL faces fierce competition from the emergence of niche companies supported by successful social media marketing, such as Honasa Consumer Ltd., and wellknown international brands like Estee Lauder. HULs growth has been hindered by its inability to promptly adjust to shifting consumer tastes and postponed new releases, as seen by its declining profit and revenue growth rates. Despite significant advertising and promotional spending, HUL finds it challenging to hold onto market share, particularly in the premium sector. The corporation is trying to buck this trend with fresh product launches and targeted marketing campaigns. However, there is still fierce competition from quickwitted rivals. Read More..

B2B Tech News | 2 months ago        

Tamil Nadu Courts Tesla as Potential Manufacturing Destination

Tamil Nadu, dubbed the automotive capital of India, is pushing hard to become Tesla Inc.s preferred location for production. T. R. B. Rajaa, the state

Tamil Nadu, dubbed the automotive capital of India, is pushing hard to become Tesla Inc.s preferred location for production. T. R. B. Rajaa, the states minister of industries, emphasised Tamil Nadus supportive environment and electric vehicle laws to draw in funding from international automakers such as Tesla. Chennai already houses production sites for wellknown automakers like BMW, Nissan, Renault, and Hyundai, and the state provides a robust auto industry environment. India wants to decarbonise its economy. Teslas possible investment would help it achieve this as the nation becomes a significant market for electric vehicles. Tamil Nadu wants to use its current automotive expertise to establish itself as Indias EV capital further. Read More..

B2B Tech News | 2 months ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts


1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   2083   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   1971   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   2316   

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.
   2477   

5.  Approximately 8 billion gadgets connect on the internet every day.
   3477   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!


Where do you go to learn more about whats happening in your industry? Check all that apply.

12 votes, Poll active
Footer-template