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Binance Secures VASP License from Dubai Regulator VARA, Expanding Offerings

Leading cryptocurrency exchange Binance declared on Thursday that it had received a licence from VARA, the regulatory body in Dubai. Thanks to this li

Leading cryptocurrency exchange Binance declared on Thursday that it had received a licence from VARA, the regulatory body in Dubai. Thanks to this licence, the platform can serve both qualified and institutional customers as well as retail ones. The responsible entity, Binance FZE, can extend its present operations beyond spot trading and fiat services thanks to the Virtual Asset Service Provider VASP licence. This includes offering staking and margin trading solutions accessible to eligible individuals. With this action, Binance is demonstrating its dedication to growing its services and product line in cryptocurrency, which might lead to new prospects for the exchange and its consumers. Read More..

B2B Tech News | 5 hours ago      

TSMC Reports Strong FirstQuarter Results, Driven by Demand for AI Chips

The largest chip manufacturer in the world, Taiwan Semiconductor Manufacturing Company TSMC, beat market estimates with firstquarter profitability and

The largest chip manufacturer in the world, Taiwan Semiconductor Manufacturing Company TSMC, beat market estimates with firstquarter profitability and sales growth. The demand for chips used in AI applications was cited as a contributing factor in TSMCs good performance, which included net sales of NT$592.64 billion $18.87 billion and net income of 225.49 billion New Taiwan dollars €6.52 billion, its first quarterly profit gain in a year. CEO C.C. Wei predicts that this trend will continue, with server AI processor revenue rising by more than 50% by 2024. TSMC is upbeat about its future despite obstacles like overordering during the pandemic and current operational hiccups, which are consistent with industry expectations that demand for AIrelated products would drive future profitability. Read More..

B2B Tech News | 5 hours ago      

South Africas March Inflation Dips to 5.3%, Signals Economic Stability

South Africas annual inflation rate dropped to 5.3% in March, a sign that the nations economy is making headway in containing prices. The headline con

South Africas annual inflation rate dropped to 5.3% in March, a sign that the nations economy is making headway in containing prices. The headline consumer inflation rate in February was 5.6%, down from 5.3% in January. This decline came after that. Despite this encouraging outcome, the South African central bank aims to control inflation between 3% and 6% and is unlikely to declare interest rate reductions anytime soon. Instead, it will likely keep its primary interest rate at 8.25% for a few months. South Africas growth projection for 2024 was recently decreased by the International Monetary Fund IMF to 0.9%, citing continued economic concerns made worse by the epidemic, including power outages, infrastructural problems, and high unemployment. Read More..

B2B Tech News | 5 hours ago      

Alaska Air Group Expects Stronger Earnings, Business Travel Demand Surges

Surpassing market estimates, Alaska Air Group expects better profitability for the current quarter, driven by a rebound in business travel demand. Alt

Surpassing market estimates, Alaska Air Group expects better profitability for the current quarter, driven by a rebound in business travel demand. Although the grounding of its 737 MAX 9 aircraft caused a setback, Alaska had a lower loss for the first quarter. Shane Tackett, chief financial officer, emphasised the surprisingly positive trend in corporate travel expenditures, indicating a more solid forecast for the coming year. The airline raised its previous projection of $3 to $5 a share to $3.25 to $5.25 for fullyear earnings. Still, worries about rising gasoline prices persist, which has led to a review of the hedging programme. Alaska is hopeful despite obstacles, projecting secondquarter earnings that will be above analyst projections. Read More..

B2B Tech News | 5 hours ago      

India Emerges as 5G Leader Rapid Deployment and High Data Consumption

In just 18 months, Indias quick adoption of 5G has made it a worldwide leader, with services available in 738 districts and more than 4.25 lakh Base T

In just 18 months, Indias quick adoption of 5G has made it a worldwide leader, with services available in 738 districts and more than 4.25 lakh Base Transceiver Stations deployed. India has a ravenous hunger for data according to Ericssons Mobility Report, monthly smartphone data usage will exceed 75GB by 2029. Within five years, 5G subscriptions are predicted to soar to 68%, opening the door to economic development via Fixed Wireless Access FWA and Enhanced Mobile Broadband eMBB. FWA provides underserved areas with affordable, dependable, highspeed internet access, which is especially important in closing the digital divide. Globally, FWA deployment models provide insightful data, such as Omans subscriber increase and Norways District Development. Acquiring spectrum in various bands will provide seamless countrywide connection as India prepares for spectrum auctions, accelerating the nations digital transformation. Read More..

B2B Tech News | 5 hours ago      

Baidu Unveils New AI Tools Empowering Developers at AI Developers Conference

With new tools unveiled at its AI developers conference, Baidu now enables locals to create AI apps, a year after debuting its Ernie bot. CEO Robin Li

With new tools unveiled at its AI developers conference, Baidu now enables locals to create AI apps, a year after debuting its Ernie bot. CEO Robin Li promoted accessibility to AI development for everyone by highlighting Chinas large internet user base and AI ecosystem. With platform connection options, the companys AI solutions enable anyone to create generative chatbots without any coding experience. Additionally, Baidu released three iterations of its Ernie AI model to account for different job complexity levels. Among the noteworthy uses shown are consumerfacing solutions for travel, content production, and ecommerce support, which indicate a more significant trend of AI integration across various sectors. Baidu is committed to innovation despite uncertainty in the semiconductor supply chain, as seen by its focus on improving AI capabilities and its use of AIproduced code. Read More..

B2B Tech News | 5 hours ago      

Oracle Announces $8 Billion Investment Plan to Boost Cloud Computing and AI Infrastructure in Japan

Over the next ten years, Oracle plans to invest more than $8 billion in Japan to address the growing demand for AI infrastructure and cloud computing

Over the next ten years, Oracle plans to invest more than $8 billion in Japan to address the growing demand for AI infrastructure and cloud computing services. The business intends to grow throughout Japan, assisting regional engineering teams and improving client service in its cloud regions in Tokyo and Osaka. Oracle hopes to make it easier for enterprises and agencies to move their missioncritical workloads to its cloud platform by doing this. Oracle Japan CEO Toshimitsu Misawa emphasised the significance of upholding regulatory and sovereignty standards while fostering innovation through cloud computing and artificial intelligence. This investment is in line with Oracles plan to expand globally, which calls for developing new data centres and growing its current ones worldwide. Read More..

B2B Tech News | 5 hours ago      

Meta Platforms Introduces Llama 3 and Image Generator to Compete in Generative AI Market

To rival OpenAI in the generative AI space, Meta Platforms has released alpha versions of its most recent big language model, Llama 3, and an image ge

To rival OpenAI in the generative AI space, Meta Platforms has released alpha versions of its most recent big language model, Llama 3, and an image generator. Its Meta AI virtual assistant will include these models, which promise better performance in thinking, coding, and creative writing. To compete with Microsoftbacked OpenAIs ChatGPT, Meta intends to display Meta AI across all its platforms prominently. Future iterations of Llama 3 are expected to produce both text and images, and it now includes image training data in addition to improved coding capabilities. Additionally, Meta pushes Meta AI into other areas and teams up with Google to provide realtime search results. However, concerns concerning data quality and safety in generative AI models still exist. Read More..

B2B Tech News | 5 hours ago