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GLOBAL NEWS

Omnicom Acquires Interpublic for $13 Billion, Creating Largest Advertising Conglomerate

Omnicom said that it had acquired rival Interpublic for $13 billion in allstock terms, making it the most prominent advertising giant in the world bas

Omnicom said that it had acquired rival Interpublic for $13 billion in allstock terms, making it the most prominent advertising giant in the world based on revenue. The deal, which needs shareholder and regulatory approval, comes as the advertising sector is facing growing competition and threats from tech companies. Omnicom will exchange Interpublic stockholders shares for Omnicom stock by paying a 22% premium over Interpublics latest share price. The anticipated yearly cost savings of $750 million from the deal could balance the $2.4 billion premium. Some industry observers saw the merger as a defensive tactic rather than an inventive one, notwithstanding the financial justification. Under John Wrens leadership, the company will make around $26 billion in 2023. Read More..

B2B Tech News | 1 months ago      

U.S.Taiwan Trade Agreement Set to Take Effect, Strengthening Economic Ties

In a significant step towards deepening economic connections between the two countries, the first agreement under the U.S.Taiwan Initiative on 21st Ce

In a significant step towards deepening economic connections between the two countries, the first agreement under the U.S.Taiwan Initiative on 21st Century Trade will go into effect on Tuesday. This project intends to promote closer cooperation in several sectors, such as anticorruption, customs administration, and trade facilitation for small and mediumsized businesses, in the wake of Taiwans exclusion from the U.S.led IndoPacific Economic Framework in 2022. U.S. Trade Representative Katherine Tai stressed how crucial this deal is to strengthening the economic ties between the United States and Taiwan. The strategic significance of strengthening alliances in the face of a changing global environment was emphasised by Taiwans Office of Trade Negotiations, which shared this sentiment. Current negotiations for a second accord centre on agriculture, labour, and environmental concerns, with hopes of a future free trade agreement. Read More..

B2B Tech News | 1 months ago      

Sify Technologies Inaugurates Advanced Data Center for Supreme Court of India

Days before Chief Justice D.Y. Chandrachuds retirement on 10 November, Sify Technologies Limited opened a cuttingedge data centre for the Supreme Cour

Days before Chief Justice D.Y. Chandrachuds retirement on 10 November, Sify Technologies Limited opened a cuttingedge data centre for the Supreme Court of India on 7 November 2024. The SmartRackRow, Concurrently Maintainable Data Centre is an essential milestone in the Supreme Courts digital transformation efforts to lessen reliance on conventional procedures. Justices Sanjiv Khanna, P.S. Narasimha, Ahsanuddin Amanullah, and K.V. Viswanathan were at the ceremony. Raju Vegesna, chairman of Sify Technologies, praised the project, saying it demonstrates the companys proficiency with ICT ecosystems and helps India achieve its digital goals. This accomplishment highlights Sifys contribution to the nations digital infrastructure advancement and judicial modernisation. Read More..

B2B Tech News | 1 months ago      

Google’s Quantum Leap Willow Solves BillionYear Problem in Five Minutes

An issue that would take billions of years for traditional computers to solve was resolved in five minutes by Googles new chip, Willow, marking a brea

An issue that would take billions of years for traditional computers to solve was resolved in five minutes by Googles new chip, Willow, marking a breakthrough in quantum computing. In contrast to previous circuits, Willow has 105 qubits, and as the number of qubits increases, error rates decrease—a crucial development in quantum error correction. By enabling realtime mistake correction, the technology significantly advances functional quantum systems. This development occurred as computer companies like Microsoft and IBM competed to employ quantum computing for AI, medical, and energy applications. Made at Googles specialised laboratory, Willow highlights the companys emphasis on creating dependable qubits rather than just numbers. By addressing earlier critiques, Googles estimations reinforced its assertions of quantum dominance. Read More..

B2B Tech News | 1 months ago      

Reddit Launches AIPowered Answers Feature to Enhance Search Experience

Reddit is developing a service called Reddit Answers, which uses artificial intelligence AI to summarise pertinent posts and connect users to relevant

Reddit is developing a service called Reddit Answers, which uses artificial intelligence AI to summarise pertinent posts and connect users to relevant communities, making it easier for users to access information faster. With this technology, Reddit can use search engines and artificial intelligence technologies such as Perplexity and ChatGPT. Initially accessible in English to a limited number of users in the United States, Reddit Answers intends to grow worldwide. Reddit has implemented this feature to improve user experience and leverage its expanding user base. In Q3, Reddit reported 97.2 million daily active users, a 47% yearoveryear gain, and a 14% increase in average revenue per user worldwide to $3.58. Read More..

B2B Tech News | 1 months ago      

Critical Windows Vulnerability in afd.sys Exploited by Lazarus Group

There is a danger because of a severe vulnerability in the Windows afd.sys driver that could allow attackers to escalate privileges and run arbitrary

There is a danger because of a severe vulnerability in the Windows afd.sys driver that could allow attackers to escalate privileges and run arbitrary code. Exodus Intelligences security specialists have examined the vulnerability and found that the Lazarus Group has exploited it to distribute the advanced malware FudModule. Due to a race issue in the Registered I/O extension of Windows sockets, this vulnerability allows attackers to alter released buffer structures, facilitating privilege escalation. According to the researchers, the vulnerability can be exploited to change essential system structures and gain elevated privileges through a multistage attack method that includes heap spraying. With the publication of a proofofconcept, the threat level to the exploit has increased. Users are advised to update immediately once Microsoft fixed this issue in August 2024. Read More..

B2B Tech News | 1 months ago      

OpenAI Expands ChatGPT Capabilities with Sora VideoGeneration Model

OpenAI has taken a big step forward in multimodal AI technology by introducing its AI videogeneration model, Sora, to ChatGPT Plus and Pro users. In F

OpenAI has taken a big step forward in multimodal AI technology by introducing its AI videogeneration model, Sora, to ChatGPT Plus and Pro users. In February, Sora Turbo was first made available to safety testers. Today, users can make videos up to 20 seconds long in 1080p resolution with different aspect ratios. Currently free for existing users, Sora competes with solutions from Meta, Google, and Stability AI. Tailored pricing is scheduled for early next year. But the UK, Switzerland, and the EU dont have it. OpenAI prioritises protections against abuse, such as thwarting damaging content like deepfakes and content about child abuse. User uploads are initially restricted, but as mitigating techniques advance, wider access is anticipated. Read More..

B2B Tech News | 1 months ago      

India’s Foreign Minister Addresses U.S. Concerns Over BRICS Currency Intentions

Indias foreign minister, Subrahmanyam Jaishankar, said at a gathering in Doha, Qatar, that the BRICS nations—China, Russia, and India—have no plan

Indias foreign minister, Subrahmanyam Jaishankar, said at a gathering in Doha, Qatar, that the BRICS nations—China, Russia, and India—have no plans to weaken the value of the US dollar. His statements followed US Presidentelect Donald Trumps recent call on the BRICS countries to pledge not to develop or endorse a new currency that would displace the dollar. Trump threatened to impose 100% tariffs on several nations if they did not comply. Jaishankar stressed that rather than opposing the dollars hegemony, BRICS aims to strengthen memberstate collaboration. This declaration reaffirms the groups resolve to promote trade relations without openly opposing the US currency in the international financial system. Read More..

B2B Tech News | 1 months ago