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GLOBAL NEWS

Nvidia Shares Plunge 9.5%, Marking Largest SingleDay Loss for U.S. Company Ever

Tuesdays 9.5% decline in Nvidias NVDA.O shares was the worst oneday decline in the market capitalisation of an American firm. Amid broader market fall

Tuesdays 9.5% decline in Nvidias NVDA.O shares was the worst oneday decline in the market capitalisation of an American firm. Amid broader market falls, investors attitudes about AI technology have shifted, as seen by this reduction, which amounts to a $279 billion decrease in market capitalisation. The PHLX chip index .SOX also dropped 7.75%, marking the worst oneday decline since 2020. Nvidias recent quarterly projection exacerbated the selloff, which fell short of investors lofty expectations. Furthermore, reorganisation plans caused Intel INTC.O to drop by about 9%, and worries about AI spending have impacted other tech behemoths, including Microsoft MSFT.O and Alphabet GOOGL.O. Nvidia has gained 118% this year, but the stocks drop indicates that investors are becoming more sceptical about the AI industrys potential for profit. Read More..

B2B Tech News | 1 months ago      

AT&T and Nokia Forge $5 Billion Fiber Network Deal to Boost U.S. Broadband Access

Having lost a significant wireless contract to Ericsson, Nokia and AT&T have now inked a new arrangement to construct a fiber network in the United St

Having lost a significant wireless contract to Ericsson, Nokia and AT&T have now inked a new arrangement to construct a fiber network in the United States. Nokia called the fiveyear fiber agreement a "significant milestone" that will improve internet access for millions of Americans and boost AT&Ts fiber network growth, which will cover 27.8 million sites by Q2 2024, despite the financial specifics not being made public. This agreement complies with the "Build America, Buy America" mandate regarding U.S. government funding. According to Nokia CEO Pekka Lundmark, the rising fiber market and a $42 billion U.S. broadband plan could boost net sales in the second half of the year. Read More..

B2B Tech News | 1 months ago      

Super Micro Refutes Hindenburgs Allegations, Calls Report False and Misleading

The shortseller Hindenburg Research made accusations, which Super Micro Computer SMCI has denied, stating that the report contains "false or inaccurat

The shortseller Hindenburg Research made accusations, which Super Micro Computer SMCI has denied, stating that the report contains "false or inaccurate statements" and "misleading presentations" of previously released facts. Following the denial, the companys shares increased by over 2%. It said it would address the claims when the time was right and gave no more information. Super Micros share price fell sharply when Hindenburg accused the company of "accounting manipulation," concealing relatedparty transactions, and breaking export laws. Super Micro insists that these problems do not impact its business performance, production capacity, or capacity to provide IT solutions. Read More..

B2B Tech News | 1 months ago      

Cybercriminals Target Developers with Fake Roblox npm Packages, Deploy Quasar RAT

Cybercriminals have been observed posing as respectable companies to recruit software developers when delivering phoney Roblox npm packages—which, i

Cybercriminals have been observed posing as respectable companies to recruit software developers when delivering phoney Roblox npm packages—which, in reality, install the Quasar Remote Access Trojan RAT. Checkmarx researchers found many malicious packages imitating the wellknown "noblox.js" library. These packages use strategies to look authentic, such as typosquatting, brandjacking, and starjacking. These packages carry the Quasar RAT, which compromises PCs by collecting private information and Discord tokens and evading Microsoft Defender Antivirus. They were downloaded around 200 times before being taken down. Through its takeover of the Windows Settings app, the virus continues to operate every time the program is launched. The persistent vulnerabilities developers encounter from reliable sources are brought to light by this campaign. Read More..

B2B Tech News | 1 months ago      

Sify Technologies Becomes NVIDIA Colocation Partner, Boosts AI Data Center Capabilities

An important step forward in Sify Technologies data centre capabilities has been made with the certification as an NVIDIA colocation partner granted b

An important step forward in Sify Technologies data centre capabilities has been made with the certification as an NVIDIA colocation partner granted by the NVIDIA DGXReady Data Centre program. According to ASHRAEs 30year ambient temperature criteria, this certification supports 130 KW/rack capacity with liquid cooling. Sify can now provide highdensity supercomputing and scalable AI infrastructure solutions across its vast colocation footprint thanks to the NVIDIA DGX platform, which is intended for corporate AI. The CEO of Sify Infinit Spaces Limited, Sharad Agarwal, emphasised the companys Mumbai, Noida, and ChennaiSiruseri locations and their dedication to offering cuttingedge data centres equipped for artificial intelligence. Through this collaboration, Sify is positioned to serve business AI infrastructure in India, according to Tony Paikeday of NVIDIA. Read More..

B2B Tech News | 1 months ago      

Meta to Notify Brazilian Users About AI Data Usage, Offers OptOut Option

In answer to requests from Brazils data protection body, the ANPD, Meta Platforms will inform its customers in Brazil about how their data will be use

In answer to requests from Brazils data protection body, the ANPD, Meta Platforms will inform its customers in Brazil about how their data will be used to train generative artificial intelligence. Customers can choose not to have their data used for AI training starting on Tuesday by responding to emails and notifications on Facebook and Instagram. After Meta consented to submit these disclosures, the ANPDs suspension of Metas privacy policy in July was lifted last Friday. Amid apprehensions expressed by the ANPD, Meta has already halted generative AI products in Brazil, including the wellknown AIgenerated WhatsApp stickers. Meta has not asked if these tools will be returned after the ANPDs ruling. Read More..

B2B Tech News | 1 months ago      

OpenAI to Develop Custom AI Chipsets with TSMC, Targets Advanced AI Systems Like Sora’

With Taiwan Semiconductor Manufacturing Company Limited TSMC, OpenAI is purportedly working on a proprietary AI chipset to utilise the A16 Angstrom pr

With Taiwan Semiconductor Manufacturing Company Limited TSMC, OpenAI is purportedly working on a proprietary AI chipset to utilise the A16 Angstrom process, which still needs mass production. OpenAIs plan to create specialised chipsets for resourcedemanding AI systems, such as "Sora," a generative video model now under development, includes this endeavour. Apple has also ordered identical A16 Angstrom chipsets, presumably for the following iPhone models. This suggests that the two businesses are working together on artificial intelligence technologies. Furthermore, it has been reported that OpenAI is being considered for investment by Apple and Nvidia, which may elevate its market capitalisation beyond $100 billion. AI integration in the following Apple products may be improved through this collaboration, spurring innovation and sales. Read More..

B2B Tech News | 1 months ago      

Halliburton Reveals Cyberattack Resulting in Unauthorized Data Access

The American oilfield services company revealed that a hack in August resulted in illegal access to Halliburtons networks and data theft. According to

The American oilfield services company revealed that a hack in August resulted in illegal access to Halliburtons networks and data theft. According to the firm, which is presently evaluating the type and amount of hacked data, the attack is not expected to have a significant impact. Halliburton admitted that the hack caused interruptions to some business systems, but it did not disclose the particular data impacted or the financial expenses suffered. The corporation launched its cybersecurity response plan using internal and external expertise to investigate and handle unauthorised activities. In the premarket hours after the announcement, Halliburtons stock fell 1.1%. Read More..

B2B Tech News | 1 months ago