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Microsoft Enhances Bing with AIGenerated Answers for Smarter Searches

Microsoft has introduced AIpowered capabilities for Bing Search, allowing users to see AIgenerated results straight on the search results page. Both b

Microsoft has introduced AIpowered capabilities for Bing Search, allowing users to see AIgenerated results straight on the search results page. Both big and small language models have produced these answers, which are meant to be thorough and precise. Conventional search results are still available, guaranteeing openness and user interaction. Microsoft is releasing this feature piecemeal to get user input and improve the overall experience. This program follows Googles Search Generative Experience, incorporating AI. A restricted group of people may presently access the new Bing AI search tool. Read More..

B2B Tech News | 22 hours ago      

Google Cloud Boosts Vertex AI with Mistral AI’s CuttingEdge Code Generation Model

The Vertex AI platform from Google Cloud now includes Mistral AIs Codestral codegeneration model. Through this collaboration, developers will be able

The Vertex AI platform from Google Cloud now includes Mistral AIs Codestral codegeneration model. Through this collaboration, developers will be able to use Codestral to generate, finish, and fill in code snippets in more than 80 programming languages, improving the correctness and efficiency of their work. This integration is a part of Googles larger plan to encourage flexible and open AI ecosystems and provide corporate clients access to a wide range of AI technologies. Founded in 2023, Mistral AI is a Parisbased firm that has quickly garnered attention and capital, establishing it as a significant force in artificial intelligence. Read More..

B2B Tech News | 22 hours ago      

South African Rand Slides Ahead of June Inflation Data and U.S. Political Developments

As investors anticipated June inflation statistics and kept an eye on developments in the U.S. presidential campaign, the South African rand fell by 0

As investors anticipated June inflation statistics and kept an eye on developments in the U.S. presidential campaign, the South African rand fell by 0.9% to 18.4025 against the dollar on Tuesday. Ahead of Statistics South Africas inflation data, which might influence future interest rate decisions, the rand has declined, reflecting caution. Markets are also paying attention to changes in U.S. politics after U.S. President Joe Biden withdrew from the 2024 race and endorsed Vice President Kamala Harris. Inflation in the local area is predicted to drop to 5.1% in June from 5.2% in May. The Top40 index on the Johannesburg Stock Exchange increased by 0.24%, while South Africas 2030 government bond yield decreased to 9.46%. Read More..

B2B Tech News | 1 days ago      

Boschs Largest Acquisition $8 Billion Deal for Residential Ventilation Units from Johnson Controls and Hitachi

Robert Bosch has agreed to pay $8 billion to purchase the home ventilation operations of Hitachi and Johnson Controls. This is Boschs largest acquisit

Robert Bosch has agreed to pay $8 billion to purchase the home ventilation operations of Hitachi and Johnson Controls. This is Boschs largest acquisition to date. Bosch Home Comfort will see a boost in revenues from the purchase, which will reach €9 billion. The joint venture with Hitachi will keep its interest in ductless HVAC production facilities in Japan, and Johnson Controls North American ducted HVAC business is included in the deal. Bosch wants to take advantage of the expanding market for heat pumps and energyefficient technology in the United States and Asia. The deal, which is financed by Boschs cash on hand, is anticipated to increase significantly the companys market share in the heating and cooling industry worldwide. Johnson Controls anticipates net proceeds of around $5 billion after taxes on the $6.7 billion in cash it will receive. Read More..

B2B Tech News | 1 days ago      

Deutsche Bank Reports First Net Loss in Four Years €143 Million for Q2

Deutsche Bank ended a 15quarter profit run with a Q2 net loss of €143 million. Its first loss in four years was caused by the bank having to put asi

Deutsche Bank ended a 15quarter profit run with a Q2 net loss of €143 million. Its first loss in four years was caused by the bank having to put aside €1.3 billion for ongoing investor litigation about its acquisition of Postbank. Deutsche Bank raised its annual projection for credit loss provisions even though the actual loss was smaller than the projected €280 million. According to CEO Christian Sewing, the bank is on pace to accomplish its 2025 goals and shareholder commitments. Ongoing legal battles over the Postbank acquisition have increased losses and resulted in operational problems and regulatory scrutiny. Revenues from business and retail banking fell while those from the investment bank increased by 10%. Read More..

B2B Tech News | 1 days ago      

Visas Net Revenue Falls Short of Forecasts, Leading to PostEarnings Decline

As expected by Wall Street, Visas revenue for the third quarter was missed, which is unusual for the most significant payment processor in the world.

As expected by Wall Street, Visas revenue for the third quarter was missed, which is unusual for the most significant payment processor in the world. The companys afterhours share price fell 4.6% due to its $8.90 billion net sales, which fell short of the $8.92 billion expected. Higher borrowing rates, which affect consumer spending, especially among lowerincome groups, were blamed for this shortage. Visas growth was steady among highspenders while slightly down in lowerspend categories. A downturn was also seen in the AsiaPacific region, particularly in mainland China. Despite this, Visa reported a 14% increase in crossborder transactions and a 7% increase in payment volume, and they anticipate "low doubledigit" revenue growth in the upcoming quarter. Read More..

B2B Tech News | 1 days ago      

Finance Minister Nirmala Sitharaman Revises Income Tax Slabs, Increases Standard Deduction

Nirmala Sitharaman, the finance minister, updated the tax system recently, changing the income tax brackets but leaving the tax rates unaltered. With

Nirmala Sitharaman, the finance minister, updated the tax system recently, changing the income tax brackets but leaving the tax rates unaltered. With the 5% tax rate being the same, the lower tax slab threshold went from ₹36 lakh to ₹37 lakh. Under the new system, the standard deduction for salaried employees went up from ₹50,000 to ₹75,000, while the deduction for family pensioners went up from ₹15,000 to ₹25,000. With these adjustments, around four crore salaried persons and retirees will receive relief, with those earning ₹15 lakh, possibly saving as much as ₹17,500. A ₹20lakh threshold was also created to mitigate the penalty for minor nondisclosures related to tiny foreign assets. Read More..

B2B Tech News | 1 days ago      

EvilVideo Exploit in Telegram for Android Exposes Users to Malware via Video Files

Researchers at cybersecurity company ESET found the EvilVideo flaw in Telegram for Android, allowing hackers to use malware that appeared as video fil

Researchers at cybersecurity company ESET found the EvilVideo flaw in Telegram for Android, allowing hackers to use malware that appeared as video files. Attackers might insert harmful payloads into movies using a vulnerability on the dark web, which would cause Telegram to ask permission to install thirdparty apps when the file would not play. This flaw was made publicly available with images and a video demonstration, which may have affected many users. Telegram swiftly issued a patch to fix the vulnerability on July 11 after ESET discovered the attack on June 26. To safeguard users against new dangers, this event emphasises how important it is to provide regular updates and take proactive security measures. Read More..

B2B Tech News | 1 days ago