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GLOBAL NEWS

Asias stock markets are rising as a private survey reveals a sharp recovery in Chinas services.

After Atlanta Fed President Raphael Bostic said hes firmly in favour of sticking with quarterpoint hikes, AsiaPacific markets mostly rose on Friday, f

After Atlanta Fed President Raphael Bostic said hes firmly in favour of sticking with quarterpoint hikes, AsiaPacific markets mostly rose on Friday, following Wall Streets gains overnight. The Chinese services sector saw an increase in activity, with a Caixin/S&P Global services purchasing managers index reading of 55 in February, up from 52.9 in January. The Hang Seng index in Hong Kong gained 0.78% in the final hour of trading, while the Hang Seng Tech index gained 2.21%. In mainland China, the Shenzhen Component rose marginally to 11,851.91 and the Shanghai Composite rose 0.54% to 3,328.39. In Japan, the Nikkei 225 rose 1.56% to 27,927.47, leading gains in the region, while the Topix rose 1.25% to 2,019.52. Read More..

B2B Tech News | 7 months ago      

The IDC Cloud and Datacenter Roadshow is returning to South Africa and will discuss sustainability in the digital age.

The 15th annual IDC Cloud & Datacenter Roadshow will focus on the current state of the South African cloud market, with a particular emphasis on cloud

The 15th annual IDC Cloud & Datacenter Roadshow will focus on the current state of the South African cloud market, with a particular emphasis on cloud management, security, governance, orchestration, sustainability, and customer engagement. Organizations are increasingly investing in infrastructure transformation capabilities to ensure business continuity and to implement transformational IT strategies. IDC is the worlds leading provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With over 1,300 analysts worldwide, IDC provides global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC maintains a coordinated network of offices in Riyadh, Nairobi, Lagos, Johannesburg, Cairo, and Istanbul in the Middle East, Turkey, and Africa region. Read More..

B2B Tech News | 7 months ago      

The US and Australia are working harder to transfer AUKUS technologies more quickly.

According to Australias ambassador to the US, Arthur Sinodinos, the two countries have increased efforts to lift US technology export restrictions tha

According to Australias ambassador to the US, Arthur Sinodinos, the two countries have increased efforts to lift US technology export restrictions that could derail the AUKUS agreement and stymie Australias push for nuclearpowered submarines. The US has committed to sharing nuclear propulsion technology with Australia under the tripartite agreement, but US defence technology remains tightly controlled under International Traffic in Arms regulations and other restrictions. Australia has assured the US of its informationsecurity measures, and the Biden administration and the US Congress are aware that defence transfer restrictions must be removed for AUKUS to function effectively. Australian officials have publicly acknowledged that cumbersome bureaucratic hurdles in all three countries could jeopardise AUKUS cooperation, particularly in the second pillar talks on highlevel defence technology. Mr Sinodinos Read More..

B2B Tech News | 7 months ago      

Through 2023, IDC anticipates a further decline in personal computer in the Middle East and Africa.

According to IDCs most recent Worldwid e Quarterly PCD Tracker, the personal computing devices PCD market in the Middle East and Africa MEA is predict

According to IDCs most recent Worldwid e Quarterly PCD Tracker, the personal computing devices PCD market in the Middle East and Africa MEA is predicted to decline 18.9% year over year in the first quarter of 2023, with Egypt expected to experience the largest decline as a result of a significant education deal. IDC anticipates that shipments will fall 10.9% overall in 2023, totaling 7.6 million units shipped over the course of the year. Demand will be adversely affected by recent currency devaluations that have occurred in some of the regions nations, including Egypt, Pakistan, Nigeria, and Turkey. IDC is the leading international supplier of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. Global, regional, and Read More..

B2B Tech News | 7 months ago      

Apple prevents ChatGPT technology from being updated in the email app.

According to Reuters, Apple Inc has blocked an update to email app BlueMail, which uses a customised version of OpenAIs GPT3 language model. Apple, wh

According to Reuters, Apple Inc has blocked an update to email app BlueMail, which uses a customised version of OpenAIs GPT3 language model. Apple, which rejected the app update last week, requested that BlueMail revise the apps age rating for those over the age of 17 or implement content filtering, as BlueMail may produce content that is not appropriate for all audiences. OpenAIs ChatGPT, which can generate content in response to user prompts, has captivated the tech industry, and Microsoft and Alphabet Incs Google both announced their own AI chatbots earlier in February. AIpowered chatbots are still in their infancy, but early search results and conversations have made headlines for their unpredictability. Read More..

B2B Tech News | 7 months ago      

$3 million OKX airdrop, an hourlong 3AC due diligence process, and Binance AI.

Our weekly roundup of East Asian news curates the most significant developments in the industry.  cryptocurrency exchange OKX announced an airdrop o

Our weekly roundup of East Asian news curates the most significant developments in the industry.  cryptocurrency exchange OKX announced an airdrop of 3,014,381 Tether USDT to users who lost money due to the Celestial CELT token trading incident. Celestial announced the development of a new blockchain game on February 26, followed by extensive social media campaigns promoting the projects alleged backing by OKX. After OKX clarified that it had no affiliation with the project other than a $100,000 investment from OKX Ventures in November 2021, the price of CELT spiked nearly 100% in two days before plummeting over 60%.  CELT token price action before and after the alleged insider trading incident. Read More..

B2B Tech News | 7 months ago      

Rajib Akhter, a Silicon Valley executive, will oversee Findability Sciences enterprise AI sales.

Findability Sciences, a global leader in Enterprise AI solutions and services, has named Rajib Akhter as its new Vice President of Enterprise AI Sales

Findability Sciences, a global leader in Enterprise AI solutions and services, has named Rajib Akhter as its new Vice President of Enterprise AI Sales. Rajib comes to the position with a wealth of experience, having previously led sales for Kovair Software and Actuate Corporation. He also cofounded Yubé, a venturebacked Customer Relationship Management SaaS company, and helped several startups raise funding, plan, and implement gotomarket strategies. He is thrilled to be joining Findability Sciences and bringing its solutions to a broader customer base in North America. Read More..

B2B Tech News | 7 months ago      

This is how corporate America is actually using AI—forget chatbots.

Companies with AI in their names have soared in value thanks to AIhungry investors, who have propelled Nvidia into the bestperforming stock among mega

Companies with AI in their names have soared in value thanks to AIhungry investors, who have propelled Nvidia into the bestperforming stock among megacaps. However, since the effects of AI are impossible to measure, before making an investment, investors should concentrate on their competitive position, management, and valuation. On Wednesdays opening, the Nasdaq 100 Index, which focuses on technology, traded slightly lower. In order to strengthen its search engine, Google uses large language models. Meta Platforms Inc. invests in privacy tools. WPP Plc uses AI to identify relevant audiences and assess the effectiveness of its work. Googles Prometheus model will enable it to make the biggest leap ever, according to Microsoft Corp. CEO Satya Nadella, who claimed that there is a sea change occurring in search. Read More..

B2B Tech News | 7 months ago