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US Imposes Sanctions on Indian Companies Over Alleged Involvement in Iranian UAV Trade

Three ships from India were among the firms, people, and persons that the US sanctioned for their role in transferring Uncrewed Aerial Vehicles UAVs a

Three ships from India were among the firms, people, and persons that the US sanctioned for their role in transferring Uncrewed Aerial Vehicles UAVs and facilitating illegal commerce on behalf of the Iranian military. Zen Maritime, Port India Private Limited, and Sea Art Ship Management OPC Private Limited, three Indian enterprises, were part of the extensive maritime network that supported Sahara Thunder, which was exposed as a significant front company for Iranian economic activity. These businesses assisted with supplies to several countries, including Venezuela, China, and Russia. The US Treasury underlined the destabilising actions of Irans Ministry of Defence and Armed Forces Logistics. It reaffirmed its determination to counter these actions in tandem with allies abroad. Read More..

B2B Tech News | 1 months ago      

Microsofts ThirdQuarter Revenue Soars to $61.9 Billion, Exceeding Expectations

On April 25, Microsoft Corp. released its outstanding thirdquarter results, beating analyst expectations and reporting sales of $61.9 billion, up 17%

On April 25, Microsoft Corp. released its outstanding thirdquarter results, beating analyst expectations and reporting sales of $61.9 billion, up 17% year over year. With $60.9 billion in revenue, profits came in at $2.94 per share, above expectations of $2.83 per share. The solid corporate demand for its cloud and AI products was the driving force behind the excellent success. Revenue growth was greatly aided by CEO Satya Nadellas plan of incorporating OpenAIs AI technology into Microsofts product line. Microsofts cloud platform, Azure, had a 31% growth in revenue, of which around 7% was attributable to AI. Revenue from commercial cloud products climbed by 23%, while commercial bookings saw a 29% rise. Microsoft predicts revenue and operating income growth of more than 10% for the fiscal year and Azure growth of 30–31% for the current quarter. Read More..

B2B Tech News | 1 months ago      

Barclays Reports £111 Million Q4 Loss Amid Restructuring Efforts

In the fourth quarter of 2023, Barclays had a net loss of £111 million due to operational adjustments meant to enhance efficiency and save costs. The

In the fourth quarter of 2023, Barclays had a net loss of £111 million due to operational adjustments meant to enhance efficiency and save costs. The banks dedication to its reform initiatives, which include more investments in the UK consumer sector and the impending purchase of Tesco Bank, was underscored by CEO C.S. Venkatakrishnan. Although the reorganisation cost £900 million, gross cost reductions of about £500 million are anticipated by 2024. A change in strategy is indicated by the banks separation into five operational divisions and its promise to repay £10 billion to shareholders between 2024 and 2026. Financial experts see the firstquarter results favourably and point out Barclayss compliance with its financial roadmap and the possibility of changing its story about value. Read More..

B2B Tech News | 1 months ago      

Rubrik Makes Strong NYSE Debut, Shares Surge 21%

With shares rising by about 21%, Rubrik got a great start on the New York Stock Exchange, valuing the cybersecurity company at $6.77 billion. This ach

With shares rising by about 21%, Rubrik got a great start on the New York Stock Exchange, valuing the cybersecurity company at $6.77 billion. This achievement reflects the rising need for cybersecurity solutions as cloud applications are adopted more quickly, putting companies at risk of online assaults. More than 6,100 companies, including wellknown brands like Whirlpool, PepsiCo, and Goldman Sachs, rely on Rubrik for data protection solutions. The fact that Rubriks IPO garnered $752 million despite competition from other data management companies shows investor confidence. Under the direction of CEO Bipul Sinha and supported by investments from Lightspeed Venture Partners, Greylock Partners, and Microsoft, Rubriks launch highlights the resiliency of cybersecurity companies in the present market environment. Read More..

B2B Tech News | 1 months ago      

Genpact Unveils AI Innovation Center in Gurugram, India, to Propel AIFirst Strategy

With a platform for innovation and talent development, Genpacts new Artificial Intelligence AI Innovation Centre in Gurugram, India, highlights the co

With a platform for innovation and talent development, Genpacts new Artificial Intelligence AI Innovation Centre in Gurugram, India, highlights the companys dedication to an AIfirst strategy. With industry alliances, data, and technology, the centre hopes to enable staff members to cocreate alongside AI and provide revolutionary results for customers. Located in the heart of Indias emerging artificial intelligence ecosystem, the centre supports industry partnerships like NASSCOM and government initiatives like IndiaAI to democratise access to AI and develop toptier talent. Echoing the companys global aspirations to develop similar centres abroad, Genpacts AI Innovation Centre, with an emphasis on experimentation and learning, is wellpositioned to define the future of work and drive innovation in client solutions. Read More..

B2B Tech News | 1 months ago      

NvidiaBacked Synthesia Introduces Avatars to Convey Human Emotions Digitally

Redefining professional video creation, Synthesia, with support from Nvidia, has produced "Expressive Avatars" that can communicate human emotions thr

Redefining professional video creation, Synthesia, with support from Nvidia, has produced "Expressive Avatars" that can communicate human emotions through text inputs. The technology makes the procedure more efficient and lowers expenses by eliminating the need for cameras, microphones, and performers. Synthesia is a Londonbased company that trains its system by using actors reciting texts in front of a green screen. Over 55,000 enterprises, including Fortune 100 corporations, rely on the companys technology to generate digital avatars for various uses, including training films and corporate presentations. Synthesia works with industry coalitions to verify AIgenerated information, conducts stringent vetting and onboarding procedures, and prepares for worldwide elections despite worries about abuse. Read More..

B2B Tech News | 1 months ago      

UiPath Expands Global Reach with Launch of Data Centers in Pune and Chennai

As part of its worldwide growth plan, UiPath has opened two additional data centres in Pune and Chennai to strengthen its Automation Cloud services fo

As part of its worldwide growth plan, UiPath has opened two additional data centres in Pune and Chennai to strengthen its Automation Cloud services for Indian partners and clients. These data centres represent a significant milestone in meeting the increasing demand for cloud services in the public and private sectors. The centres prioritise compliance and business continuity, providing high availability and low latency to facilitate cloud adoption and enhance service speed. The decision to host a variety of UiPath services as SoftwareasaService SaaS products, including Intelligent Document Processing IDP and Artificial Intelligence AI, highlights the companys dedication to advancing digital transformation and strengthening Indian enterprises. Read More..

B2B Tech News | 1 months ago      

Widespread Outage Hits Reddit, Users Struggle to Access Platform

Reddit was down globally, preventing users from accessing the site for about sixty minutes. Tens of thousands of customers in the US, UK, India, and o

Reddit was down globally, preventing users from accessing the site for about sixty minutes. Tens of thousands of customers in the US, UK, India, and other nations were impacted by the outage, which started around 1010 PM IST. Following a deluge of reports on Downdetector, Reddit released a statement blaming the situation on a backend glitch. The firm assured users they had located the problem and were trying to fix it. After the event, Reddit said a patch had been implemented, and the platform was back up and running. This outage comes after another issue reported earlier in the day, which Reddit says was fixed at about 950 PM IST. Read More..

B2B Tech News | 1 months ago