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GLOBAL NEWS

Ant Group Reports 10.25% Decline in Quarterly Net Profit Following Regulatory Fine

Based on estimates using the profits of Alibaba Group, disclosed on Thursday, Chinas Ant Group recorded a net profit of 12 billion yuan $1.68 billion

Based on estimates using the profits of Alibaba Group, disclosed on Thursday, Chinas Ant Group recorded a net profit of 12 billion yuan $1.68 billion for the quarter ended March 31, a 10.25% fall yearoveryear. A onequarter lag exists in the reporting of this profit amount. The reduction comes after a 7.12 billion yuan punishment that Chinese regulators levied in July of last year for corporate governance and consumer protection violations, which brought the fintech companys extensive regulatory reform to an end. Jack Ma, a multibillionaire, cofounded Ant Group and Alibaba, with Alibaba owning a 33 per cent share in Ant. Read More..

B2B Tech News | 1 months ago      

SolarWinds Releases Critical Patches for Java Deserialization Flaw in Web Help Desk

SolarWinds has published crucial updates for its Web Help Desk product to address a severe Java deserialisation vulnerability that might allow attacke

SolarWinds has published crucial updates for its Web Help Desk product to address a severe Java deserialisation vulnerability that might allow attackers to run arbitrary code on vulnerable computers. Hotfix version 12.8.3 HF 1 addresses this problem, which affects all versions up to 12.8.3. Although the vulnerability could not be replicated without authentication, it was first reported as unauthenticated. Palo Alto Networks has also fixed two moderateseverity problems with privilege escalation, information disclosure, and a highseverity command injection weakness in Cortex XSOAR. As a precaution, users are recommended to update to the most recent versions of these products and to revoke any passwords, secrets, and tokens in PANOS firewalls, such as OpenAI. Read More..

B2B Tech News | 1 months ago      

Google Extends AI Search Summaries to Brazil, India, and More

Brazilian, Indian, Indonesian, Japanese, Mexican, and British search query summaries produced by Alphabet, Googles parent company, have now been avail

Brazilian, Indian, Indonesian, Japanese, Mexican, and British search query summaries produced by Alphabet, Googles parent company, have now been available in six additional countries. When introduced in the United States in May, the function was criticised for providing incorrect responses. Since then, Google added limitations and reduced the amount of usergenerated material from dubious sources in the AI Overviews. Search searches are getting lengthier and more focused, according to Googles internal statistics. The upgrade addresses concerns regarding referral traffic loss in the media business, which also adds additional backlinks to pertinent websites. Alphabet is under pressure from competitors like OpenAI and the legal system for allegedly engaging in monopolistic acts, which is why it is expanding. Read More..

B2B Tech News | 1 months ago      

Apples iOS 18.1 Empowers Developers with Expanded NFC Capabilities for Contactless Transactions

With Apples iOS 18.1, developers can have more control over iPhone NFC technology, allowing contactless purchases within their applications without re

With Apples iOS 18.1, developers can have more control over iPhone NFC technology, allowing contactless purchases within their applications without requiring Wallet or Apple Pay. With future support for government IDs, this upgrade permits a variety of uses, including instore payments, vehicle keys, transit cards, corporate badges, student IDs, house and hotel keys, loyalty cards, and event tickets. Biometric identification, proprietary servers, and Apples Secure Enclave contribute to the systems security. Developers must pay fees, seek NFC and SE entitlement, and sign a commercial agreement. More areas will be added once it is first accessible in Australia, Brazil, Canada, Japan, New Zealand, the United Kingdom, and the United States. The app allows users to configure it as their preferred contactless app or begin transactions using it. Read More..

B2B Tech News | 1 months ago      

xAI Launches Grok2 and Grok2 Mini AI Models in Beta for Premium X Users

Elon Musks company, xAI, has made the Grok2 family of artificial intelligence models, which includes Grok2 and Grok2 Mini, available to Premium and Pr

Elon Musks company, xAI, has made the Grok2 family of artificial intelligence models, which includes Grok2 and Grok2 Mini, available to Premium and Premium+ X formerly Twitter customers in beta. While Grok2 Mini provides more rapid, accurate replies, Grok2 possesses StateOfTheArt SOTA reasoning, coding, and conversation capabilities. The models are said to exceed GPT4 Turbo in benchmarks, and they incorporate picture production enabled by a thirdparty AI model. Grok2 performed well in coding and mathematics when tested under the username "suscolumnr" on the LMSYS leaderboard. Though the specifics of the models technical features are unknown, xAI has also updated the Grok AI interface. Read More..

B2B Tech News | 1 months ago      

TRAI Mandates Telecom Operators to Block Promotional Calls from Unregistered Callers

The Telecom Regulatory Authority of India TRAI has ordered telecom providers to stop accepting promotional calls from unregistered callers to reduce s

The Telecom Regulatory Authority of India TRAI has ordered telecom providers to stop accepting promotional calls from unregistered callers to reduce spam and safeguard customers. This regulation, released on August 13, mandates Unregistered Telemarketers UTMs cease all commercial calls. Serious consequences, such as twoyear telecom resource disconnections, await violators. TRAI also uses blockchain technology to strengthen these safeguards, guaranteeing that providers share blocklisting data and moving commercial voice conversations to a blockchain platform. By significantly reducing spam calls and promoting a safer communication environment, this project hopes to give customers muchneeded protection from fraudulent activity. Read More..

B2B Tech News | 1 months ago      

South Africas Unemployment Rate Rises to 33.5% in Q2 2024

According to the governments statistics bureau, South Africas unemployment rate increased from 32.9% in Q1 2024 to 33.5% in Q2 2024. The most develope

According to the governments statistics bureau, South Africas unemployment rate increased from 32.9% in Q1 2024 to 33.5% in Q2 2024. The most developed economy in Africa has failed to create jobs due to a protracted recession and the COVID19 outbreak, and this growth is a reflection of those difficulties. In Q2 2024, there were 16.7 million employed individuals, a 92,000 decrease in employment, compared to the 5.2 million jobless persons in 2014. Manufacturing, social services, and utilities witnessed increases in employment, whereas trade, agriculture, and construction saw the most significant losses. The newly elected coalition government prioritised economic recovery in May to address the political fallout from high unemployment rates. Read More..

B2B Tech News | 1 months ago      

StanCorp Financial Acquires Allstate’s American Heritage Brand in $2 Billion Deal

Allstate, a US liability insurance, has agreed to sell StanCorp Financial Group its employersponsored benefits division in exchange for $2 billion in

Allstate, a US liability insurance, has agreed to sell StanCorp Financial Group its employersponsored benefits division in exchange for $2 billion in cash. Subject to regulatory clearances in the US and Japan, the deal, including Allstates "American Heritage" brand divisions, is anticipated to close by the April–June 2025 quarter. Meiji Yasuda Life Insurance, the parent company of StanCorp, sees this purchase as an essential component of its plan to reach base profit equivalents of 100 billion yen $680 million by the 2026–2027 fiscal year. Meiji Yasuda intends to keep looking into new investment possibilities to meet its growth goals. Read More..

B2B Tech News | 1 months ago