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ByteDance Initiates Workforce Downsizing in Indonesia PostTokopedia Acquisition

The company that controls TikTok, ByteDance, is reducing the number of employees in Indonesia after purchasing the bulk of Tokopedia from the GoTo gro

The company that controls TikTok, ByteDance, is reducing the number of employees in Indonesia after purchasing the bulk of Tokopedia from the GoTo group. Although the number of job losses has not been disclosed, sources indicate that about 450 roles might be impacted. Speaking on behalf of ByteDance, Nuraini Razak said that the reorganisation intends to simplify operations once TikTok and Tokopedia are integrated. This action is in response to Indonesian laws forbidding social media companies from operating freely in ecommerce. These laws have previously impacted ByteDances ecommerce endeavours within the nation. As it aligns teams to improve organisational efficiency and harmony, ByteDance plans to help Tokopedias staff during this transition. Tokopedia is still a significant participant in Southeast Asias ecommerce market. Read More..

B2B Tech News | 27 days ago      

Yahoo Integrates AI Summaries into Yahoo News App, Revamping User Experience

To modernise its services, Yahoo is extending its AIdriven upgrades with new capabilities for Yahoo Mail and Yahoo News. With the recent integration o

To modernise its services, Yahoo is extending its AIdriven upgrades with new capabilities for Yahoo Mail and Yahoo News. With the recent integration of AI from its acquisition of Artefact, Yahoo News now provides summaries driven by AI, much to its Gmailinspired capabilities in Yahoo Mail. These upgrades are part of Yahoos plan to modernise its online services, including utilising collaborations like OpenAI to boost mobile apps. Although AI summaries are still being tested in smallscale trials inside Yahoo News online experience, the business aims to give readers effective choices for consuming news. Yahoos action demonstrates its dedication to using AI to improve user interaction and draw more users to its platforms. Read More..

B2B Tech News | 27 days ago      

LinkedIn Unveils AIEnhanced Job Application Tools for Seamless Career Advancement

To improve user experience, LinkedIn is incorporating several new AIpowered capabilities, particularly in job searches and applications, learning pers

To improve user experience, LinkedIn is incorporating several new AIpowered capabilities, particularly in job searches and applications, learning personalisation, and search functions. Some technologies include personalised learning materials, AIgenerated job application materials, and enhanced search capabilities with conversational prompts. Tomer Cohen, Head of Product at LinkedIn, noted that artificial intelligence AI has been a significant feature of the companys services since 2007 and that critical new advancements have used OpenAI technology. Being a part of Microsoft gives LinkedIn access to significant AI resources, which lets them concentrate on valuable products for users. To improve professional interactions and learning on the site, further new features include enhanced tools for recruiters and marketers and AIpowered expert guidance for Premium customers. Read More..

B2B Tech News | 27 days ago      

Tata Elxsi and Red Hat Partner to Boost 5G MultiCloud Applications for Telcos

Together, Tata Elxsi and Red Hat are leveraging Tata Elxsis Neuron automation platform and Red Hats OpenShift container platform to improve 5G multicl

Together, Tata Elxsi and Red Hat are leveraging Tata Elxsis Neuron automation platform and Red Hats OpenShift container platform to improve 5G multicloud applications for Telcos and MVNOs. This partnership will enable smooth modernization, 5G application deployment, and cloud automation. Additionally, they will collaborate on the 5G Connected Car project, introducing edge analytics and invehicle data processing by combining Red Hats InVehicle OS with Tata Elxsis CVP Platform. Tata Elxsi will assist international operators in monetizing networks through cuttingedge applications in the automotive, healthcare, and other industries by utilizing its competence in connected car technology and 5G network architecture. Vivek Tiwari underlined their dedication to using cloudification, AI/MlOps, and endtoend automation to advance Telco 5G. Read More..

B2B Tech News | 27 days ago      

Moneyview Partners with Truecaller for Enhanced Customer Safety

Moneyview and Truecaller have used Truecallers Verified Business Caller ID service to improve business interactions and increase consumer safety. This

Moneyview and Truecaller have used Truecallers Verified Business Caller ID service to improve business interactions and increase consumer safety. This partnership aims to solve the problem of 70% of calls being either missed or declined because of mistrust. Moneyview increases user trust and communication effectiveness by using Truecallers solution to ensure its calls are recognised by adding brand features like name, logo, and verification check. Call Reason and Business Profile are two features that provide users more trust by providing context for conversations and sharing accurate business information. Priyam Bose from Truecaller emphasised the value of trust in communication. In contrast, Manoj Kumar Dronadula from Moneyview emphasised their dedication to consumer safety. This relationship demonstrates their commitment to revolutionising consumer communication in the banking industry. Read More..

B2B Tech News | 27 days ago      

Seclore Unveils Professional Services in India to Enhance Data Security

Seclore, a leading datacentric security solutions provider, has launched its new Professional Services solution in India. This offering aims to enhanc

Seclore, a leading datacentric security solutions provider, has launched its new Professional Services solution in India. This offering aims to enhance flexibility in protecting critical data for customers and partners. Seclore Professional Services provides robust training, onboarding, custom integrations, and expert consulting, maximizing business value and securing digital assets. As enterprises increasingly rely on both onprem and cloud environments and frequently share missioncritical data beyond their networks, Seclore’s new service ensures seamless data protection. The offering includes prebuilt connectors, custom integrations for hybrid and multicloud environments, and comprehensive services like datasecurity strategy, risk scoring, gap analysis, and cloud migration, enabling businesses to meet their security needs efficiently. Read More..

B2B Tech News | 27 days ago      

Citron Research Closes Short Position on GameStop After Brief Stint

Only a few days after beginning its short position, wellknown short seller Citron Research has terminated its stake on GameStop GME.N. According to fo

Only a few days after beginning its short position, wellknown short seller Citron Research has terminated its stake on GameStop GME.N. According to founder Andrew Left, it was closed profitably despite the short position having just recently been launched. This choice is made in view of GameStops recent capital raising endeavours, which saw the business raise $4 billion in cash reserves thanks to the $2.14 billion in gross profits from the sale of stock. Although Left said Citron was no longer short, he would think about shorting GameStop once more if the companys shares hit the $45–$50 mark. Even with the recent ups and downs after Keith Gills comeback, GameStops stock has proven resilient, rising sharply from levels seen in midMay. Read More..

B2B Tech News | 1 months ago      

JPMorgan Chase Boosts Investment Banking Revenue Forecast by 2530%

JPMorgan Chase JPM.N has updated its forecast for investment banking income, predicting a notable rise of 25% to 30% in the upcoming quarter, mainly d

JPMorgan Chase JPM.N has updated its forecast for investment banking income, predicting a notable rise of 25% to 30% in the upcoming quarter, mainly due to active capital markets. Compared to prior estimates made in May that had indicated a midteens percentage increase, this revised prognosis indicates a more optimistic view. The coCEO of JPMorgans commercial and investment bank, Troy Rohrbaugh, emphasised the firms overall gains throughout its franchise as well as the capital markets ongoing strength. He said that trading revenue is predicted to increase somewhat as well, above earlier projections of growth in the midsingle digits. Read More..

B2B Tech News | 1 months ago