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Intuit’s AIDriven Tax and Finance Tools Fuel HigherThanExpected Q3 Forecast

TurboTaxs creator, Intuit, predicted higherthanexpected revenue for the third quarter due to robust demand for its artificial intelligence AIpowered f

TurboTaxs creator, Intuit, predicted higherthanexpected revenue for the third quarter due to robust demand for its artificial intelligence AIpowered financial software. Sales have increased due to the ongoing tax season in the United States, and CFO Sandeep Aujla is optimistic about the year. By automating financial management, Intuits AI assistant, Intuit Assist, is incorporated into its products, including TurboTax, Credit Karma, and QuickBooks. The business exceeded forecasts of $3.83 billion in revenue for the second quarter, reporting $3.96 billion. Its predicted earnings per share of $10.89–$10.95 was less than the forecasted $11.48, even though its Q3 revenue prediction of $7.55–$7.60 billion surpassed analysts forecasts. Despite last years layoffs, Intuit swiftly rehired and reiterated its fiscal 2025 outlook. Read More..

B2B Tech News | 2 months ago        

Telefónica Sells Argentina Unit for $1.245B Amid Latin America Exit Strategy

Telefónica, a Spanish telecom company, decreased its exposure to Latin America by selling its Argentina division to Telecom Argentina for $1.245 bill

Telefónica, a Spanish telecom company, decreased its exposure to Latin America by selling its Argentina division to Telecom Argentina for $1.245 billion. After the sale was finalised on Monday, President Javier Mileis office in Argentina expressed alarm over possible monopolisation, pointing out that the acquisition might give one company control over 70% of telecom services. The administration has promised to take action to stop this. Telefónica has been reducing its debt and investing in 5G by pulling out of Latin America. It recently filed for bankruptcy protection in Peru and is looking into selling in Mexico and Colombia. The acquisition will help Telecom Argentina increase its investments in fiberoptic and 5G networks. Read More..

B2B Tech News | 2 months ago        

EFTA Nations Pledge $100 Billion Investment in India Under TEPA

Switzerland has pledged to invest USD 100 billion in India over the next 15 years, joining Iceland, Liechtenstein, Norway and other European Free Trad

Switzerland has pledged to invest USD 100 billion in India over the next 15 years, joining Iceland, Liechtenstein, Norway and other European Free Trade Association EFTA members. India and the EFTA nations recently signed the Trade and Economic Partnership Agreement TEPA, which includes this promise. Although many are eager, India competes with other Asian countries for these investments. Swiss Consul General Martin U. Maier underlined the need to lure Swiss businesses to expand their operations in India. By lowering duties on almost 95% of Swiss exports to India, the TEPA seeks to improve economic cooperation and increase Swiss companies access to the Indian market. Read More..

B2B Tech News | 3 months ago        

Japan Proposes Tesla Invest in Nissan After Failed Honda Merger Talks

After its unsuccessful merger negotiations with Honda, a highlevel Japanese group, including former Prime Minister Yoshihide Suga, suggested that Tesl

After its unsuccessful merger negotiations with Honda, a highlevel Japanese group, including former Prime Minister Yoshihide Suga, suggested that Tesla invest in Nissan. There is conjecture that Tesla may buy Nissans U.S. plants in the face of possible auto tariffs from the Trump administration. The proposal, spearheaded by former Tesla board member Hiromichi Mizuno, is resisted because Tesla favours its specially built plants. Sugas office was unaware of the concept, and Mizuno denied involvement. Foxconn is promoting a fourway partnership with Honda, Nissan, and Mitsubishi to compete with Chinese EV manufacturers and Tesla. After the reports, Nissans stock jumped 9.6%, but neither Tesla nor Apple would respond, raising doubts about the viability of these relationship and investment ambitions. Read More..

B2B Tech News | 3 months ago        

U.S. and Ukraine Near Rare Earth Minerals Deal Amid Security Talks

It appears that the United States and Ukraine are getting closer to an agreement that would provide the United States access to Ukraines rare earth re

It appears that the United States and Ukraine are getting closer to an agreement that would provide the United States access to Ukraines rare earth resources, enhancing their longstanding alliance. Tensions have arisen during the talks as Presidents Trump and Zelenskyy have disagreed on terms, especially those about security guarantees. Progress was made when special envoy Keith Kellogg visited Kyiv and spoke with senior Ukrainian authorities. Although specifics are still being discussed, Zelenskyy has been upbeat about the agreements possible advantages. This agreement is strategically significant for both countries because rare earth materials are essential to cuttingedge technologies. Read More..

B2B Tech News | 3 months ago        

Qatar Partners with Scale AI to Integrate AI into Government Services

To increase efficiency through automation, advanced data analysis, and predictive analytics, Qatar has inked a fiveyear agreement with Scale AI to inc

To increase efficiency through automation, advanced data analysis, and predictive analytics, Qatar has inked a fiveyear agreement with Scale AI to incorporate AIpowered solutions into government services. For the government of Qatar, the collaboration will create more than 50 AI applications that could serve as a template for other countries. Although the contracts financial terms are still unknown, it shows Qatars desire to lead the AI industry in the face of competition from the UAE and Saudi Arabia. Major customers like Microsoft and OpenAI are served by Scale AI, a U.S.based company specialising in data labelling and AI model training. The partnership demonstrates Qatars dedication to using AI to progress technology and government. Read More..

B2B Tech News | 3 months ago        

Tokyo Gas Sells 25% Stake in Texas Shale Project to Shizuoka Gas for $130M

A 25% share in an Eagle Ford shale gas project in Texas is being sold by Tokyo Gas, Japans largest city gas supplier, to Shizuoka Gas for $130 million

A 25% share in an Eagle Ford shale gas project in Texas is being sold by Tokyo Gas, Japans largest city gas supplier, to Shizuoka Gas for $130 million as part of an asset portfolio review. With this action, Tokyo Gas can concentrate on its U.S. division, TG Natural Resources, which works in north Louisiana and east Texas. With this transaction, Shizuoka Gas entered the upstream natural gas market for the first time in the United States. Every year, the Lewis Energy Groupoperated project is anticipated to generate 400,000 metric tonnes of LNGequivalent shale gas for sale in the United States. By 2030, Shizuoka Gas wants its foreign operations to account for 14% of its recurring revenue. Read More..

B2B Tech News | 3 months ago        

Central Bank of Botswana Maintains Policy Rate at 1.90% for Third Straight Meeting

As inflation increased from 1.7% in December to 2.5% in January, Botswanas central bank maintained its policy rate at 1.90% for the third consecutive

As inflation increased from 1.7% in December to 2.5% in January, Botswanas central bank maintained its policy rate at 1.90% for the third consecutive meeting. However, it was still below its 3% to 6% goal range. Due to sluggish international demand, the nations economy, primarily dependent on diamond exports, shrank last year. However, the government anticipates a recovery in 2025, bolstered by advancements in other areas and a revival in the diamond market. Despite economic difficulties, policymakers continue to exercise caution when modifying interest rates and prioritising stability while keeping an eye on inflation patterns and outside market circumstances. The central banks position shows its dedication to striking a mediumterm balance between price stability and economic growth. Read More..

B2B Tech News | 3 months ago        



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