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Bank of America Set to Boost Investment Bankers’ Bonus Pool by 10% for Previous Year

Sources familiar with the situation have stated that Bank of America BAC.N is anticipated to raise its bonus pool for investment bankers by roughly 10

Sources familiar with the situation have stated that Bank of America BAC.N is anticipated to raise its bonus pool for investment bankers by roughly 10% over the previous year. Some bankers may receive rewards in the midtohigh single digits, while top performers may earn much more, even though the average rise is 10%. Bonus payments are scheduled for February after the banks 16 January fourthquarter earnings report. Global banks are benefiting from more mergers, acquisitions, and bond and equity underwriting, which is why bonuses are rising. With $1.4 billion in fourthquarter investment banking fees, up from $958 million the previous year, Bank of America Securities entered third place internationally. Read More..

B2B Tech News | 10 days ago      

Ivanti Warns of Critical VPN Vulnerability Actively Exploited by Threat Actors

Regarding a serious flaw in their VPN gear that is being actively used to spread malware, Ivanti has issued a warning. Because of its potential for un

Regarding a serious flaw in their VPN gear that is being actively used to spread malware, Ivanti has issued a warning. Because of its potential for unauthenticated remote code execution, CVE20250282 has been rated 9.0 critical, whereas CVE20250283 affects Ivanti Connect Secure VPN appliances. Following their collaboration with Mandiant, which verified that several threat actors were exploiting the first vulnerability, Ivanti advises clients to deploy updates immediately. Data exfiltration has been carried out by the Chineseaffiliated group UNC5221, which has previously targeted public sector, healthcare, and telecommunications companies. Mandiant also reported the novel malware versions DRYHOOK and PHASEJAM that emerged from these attacks. Read More..

B2B Tech News | 10 days ago      

Google Cloud and Uttar Pradesh Launch India’s First Open Network for Agriculture

An Open Network for Agriculture powered by Gemini and Beckn is being launched by Google Cloud and the Uttar Pradesh government, providing millions of

An Open Network for Agriculture powered by Gemini and Beckn is being launched by Google Cloud and the Uttar Pradesh government, providing millions of farmers easy access to market connections, loans, mechanisation, and consulting services. With voice command access in several languages, Indias firstofitskind Digital Public Infrastructure DPI for agriculture promotes inclusion. Based on Googles Gemini framework and the Beckn Protocol, this open, decentralised network encourages innovation and enables any service provider to interact with farmers. Chief Secretary Manoj Kumar Singh emphasised its ability to double farmers income, while Google Cloud executives stressed how AI may revolutionise agriculture. It can yield populationscale impact, boosting Indias agricommerce sector, according to FIDEs Sujith Nair. Read More..

B2B Tech News | 10 days ago      

Japan Links 200+ Cyberattacks to MirrorFace, Exposing National Security Vulnerabilities

The Japanese government has implicated the hacker collective MirrorFace in more than 200 cyberattacks between 2019 and 2024 that targeted vital infras

The Japanese government has implicated the hacker collective MirrorFace in more than 200 cyberattacks between 2019 and 2024 that targeted vital infrastructure, including the space agency, the Foreign and Defence Ministries, private businesses, and politicians. The gang targeted sensitive national security and technology data with spearphishing tactics that used emails infected with malware. These instances highlight Japans cybersecurity flaws, especially in light of its efforts to fortify defences and military partnerships. These dangers were recently brought to light by proRussian hackers who launched DDoS attacks against government organisations. Targeting wellknown companies like Casio, NTT Docomo, and Japan Airlines highlights the importance of strong defences. Experts urge increased governmentindustry cooperation to protect Japans vital infrastructure and technological innovations from growing cyber threats. Read More..

B2B Tech News | 10 days ago      

Microsoft Bing Faces Backlash for Mimicking Google’s Homepage Design in Search Results

When someone searched for "Google," Microsoft Bing allegedly changed its search results page to seem like Googles homepage. The revised page reportedl

When someone searched for "Google," Microsoft Bing allegedly changed its search results page to seem like Googles homepage. The revised page reportedly has Googlelike design elements, such as a centred search bar, text underneath it, and a doodle above it. Additionally, the interface partially hid Bings logo unless users manually scrolled. Parisa Tabriz, vice president of Google Chrome, criticised this action, calling it a "new low." Although some outlets, such as The Verge, confirmed the modified design, others pointed out that it was no longer visible, implying that Microsoft may have reversed the modifications in response to criticism. Microsoft has previously come under fire for similar practices, such as using popups on its Edge browser to deter people from downloading Chrome. Read More..

B2B Tech News | 10 days ago      

CES 2025 Omi AI Introduces RealTime Wearable Assistant With BrainComputer Interface Plans

The wearable AI companion, currently available for preorder at $89 ~Rs. 7,640, was launched by San Franciscobased Omi AI at CES 2025. The Android and

The wearable AI companion, currently available for preorder at $89 ~Rs. 7,640, was launched by San Franciscobased Omi AI at CES 2025. The Android and iOScompatible gadget has functions like notetaking, contextual awareness through continuous listening, and realtime query response. Omi intends to release a braincomputer interface module that can read users brain waves to determine when they are addressing the device after first debuting with audioonly functionality. This will do away with the requirement for wake words. The companion can run over 250 apps from its app store, conduct web searches, and summarise meetings. It will be shipped worldwide in Q2 2025, featuring six colour options, establishing itself as a stateoftheart personal AI assistant. Read More..

B2B Tech News | 10 days ago      

Anwar Ibrahim Unveils Plans to Position Malaysia as a Leader in Semiconductor Industry and Islamic Finance

To position Malaysia as a leader in the semiconductor sector and Islamic finance, Malaysian Prime Minister Anwar Ibrahim unveiled measures to maximise

To position Malaysia as a leader in the semiconductor sector and Islamic finance, Malaysian Prime Minister Anwar Ibrahim unveiled measures to maximise the nations advantageous location as a conduit for energy diversification and supply chains. Speaking at an economic symposium, he emphasised Malaysias remarkable economic recovery, fuelled by significant investments in AI infrastructure and renewable energy, which have drawn international investors in the face of regional political and economic unrest. Anwar stated objectives for 2025 to strengthen Malaysias position in talent, supply chain diversity, and electricity, and he voiced confidence in the countrys stable inflation, currency, and stock market performance. The government aims to invest at least 500 billion ringgit $107 billion in its semiconductor industry to strengthen its status as a worldwide hub. Read More..

B2B Tech News | 1 months ago      

Zelenskiy and Sandu Discuss Ukrainian Coal to Mitigate Energy Crisis in Transdniestria

Moldovan President Maia Sandu and Ukrainian President Volodymyr Zelenskiy have talked about using Ukrainian coal to help with the energy crisis that i

Moldovan President Maia Sandu and Ukrainian President Volodymyr Zelenskiy have talked about using Ukrainian coal to help with the energy crisis that is hurting Transdniestria, a breakaway territory of Moldova that is suffering from heating shortages and blackouts. Zelenskiy offered help, including coal supply, after Ukraine blocked the transport of Russian gas across its territory, escalating the crisis. Both leaders committed to identifying shared solutions to avoid a growing humanitarian scenario and stressed the importance of alternate energy sources. A thermal plant that supplies the governmentcontrolled regions of Moldova and Transdniestria could continue operating using Ukrainian coal. Meanwhile, both countries prioritise continuing EU membership talks despite geopolitical difficulties with Russia. Read More..

B2B Tech News | 1 months ago