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Bank of Korea Holds Policy Rate Amid Uncertainty in Inflation and Export Strength

Despite experts predictions for a reduction, the Bank of Korea BOK decided to keep its policy rate at 3.50%, citing inflation and export strength unce

Despite experts predictions for a reduction, the Bank of Korea BOK decided to keep its policy rate at 3.50%, citing inflation and export strength uncertainties. Governor Rhee Changyong stated that it was difficult to forecast rate reductions for the second half of the year and that they should only be considered once the 2% inflation objective had been reached. The BOK preserved its tight policy stance, although a change in wording suggested that rate reduction may come in the future. By years end, analysts predict two 25 basispoint decreases driven by local and international monetary policy, export growth, and inflation. If needed, the BOK is ready to stabilise the market and is watchful over oil prices, export performance, and currency changes. Read More..

B2B Tech News | 2 months ago      

HUL Faces Tough Competition from Niche Brands Amid Shifting Consumer Preferences

The top consumer corporation in India, Hindustan Unilever Ltd. HUL, needs help as the nations consumer class wants more advanced goods. HUL faces fier

The top consumer corporation in India, Hindustan Unilever Ltd. HUL, needs help as the nations consumer class wants more advanced goods. HUL faces fierce competition from the emergence of niche companies supported by successful social media marketing, such as Honasa Consumer Ltd., and wellknown international brands like Estee Lauder. HULs growth has been hindered by its inability to promptly adjust to shifting consumer tastes and postponed new releases, as seen by its declining profit and revenue growth rates. Despite significant advertising and promotional spending, HUL finds it challenging to hold onto market share, particularly in the premium sector. The corporation is trying to buck this trend with fresh product launches and targeted marketing campaigns. However, there is still fierce competition from quickwitted rivals. Read More..

B2B Tech News | 2 months ago      

Tamil Nadu Courts Tesla as Potential Manufacturing Destination

Tamil Nadu, dubbed the automotive capital of India, is pushing hard to become Tesla Inc.s preferred location for production. T. R. B. Rajaa, the state

Tamil Nadu, dubbed the automotive capital of India, is pushing hard to become Tesla Inc.s preferred location for production. T. R. B. Rajaa, the states minister of industries, emphasised Tamil Nadus supportive environment and electric vehicle laws to draw in funding from international automakers such as Tesla. Chennai already houses production sites for wellknown automakers like BMW, Nissan, Renault, and Hyundai, and the state provides a robust auto industry environment. India wants to decarbonise its economy. Teslas possible investment would help it achieve this as the nation becomes a significant market for electric vehicles. Tamil Nadu wants to use its current automotive expertise to establish itself as Indias EV capital further. Read More..

B2B Tech News | 2 months ago      

Ark Investment Management Reveals Stake in OpenAI, MicrosoftBacked AI Company

Cathie Woodled Ark Investment Management said that it has invested in Microsoftbacked OpenAI. As of April 10, 2024, Bloomberg News reported that corre

Cathie Woodled Ark Investment Management said that it has invested in Microsoftbacked OpenAI. As of April 10, 2024, Bloomberg News reported that correspondence to Arks clients indicates that Arks Venture Fund is an investor in OpenAI. Arks $54 million venture capital fund made the investment, demonstrating the companys interest in cuttingedge businesses in the artificial intelligence domain. This action aligns with Arks plan to further diversify its holdings across various industries by investing in innovative technology with the potential for longterm development. Read More..

B2B Tech News | 2 months ago      

Apples M4 Chips Set to Transform Mac Lineup with AI Processing Power

With the M4 computer processors, Apple will completely revamp its Mac portfolio by putting stateoftheart AI computing power into every Mac model. A re

With the M4 computer processors, Apple will completely revamp its Mac portfolio by putting stateoftheart AI computing power into every Mac model. A release of upgraded iMacs, a budgetfriendly 14inch MacBook Pro, highend 14 and 16inch MacBook Pros, and Mac minis are anticipated for late this year or early next year. This move places Apple with rivals like Intel, Qualcomm, and Nvidia, all of which are developing CPUs with an AI focus during the postpandemic downturn in the PC market. Building on the foundation set by the M3 chips October introduction, Apple hopes to revive interest in the Mac environment by using the AI processing capacity of the M4 chips, which are seamlessly integrated with the next macOS upgrade. This is in response to a 27% fall in Mac sales during the most recent fiscal year. Read More..

B2B Tech News | 2 months ago      

Intel Discontinues Boxed Overclockable Raptor Lake CPUs Implications for Vendors and Consumers

Since May 24, 2024, Intel has stated that its boxed overclockable Core i5, i7, and i9 Raptor Lake CPUs would no longer be available. This choice repre

Since May 24, 2024, Intel has stated that its boxed overclockable Core i5, i7, and i9 Raptor Lake CPUs would no longer be available. This choice represents a substantial change in Intels product strategy that will impact vendors and customers. The discontinuance will affect all Kseries chips in the Raptor Lake portfolio, which will end with the last shipments on June 28, 2024. Although the impact on supply is not yet apparent, industry observers predict decreasing supply and possible price increases as vendors clear inventories. Interestingly, despite being a generation older, Intel decided to keep offering its Alder Lake CPU portfolio, which begs some exciting concerns. When Raptor Lake was released in 2022, it was a noticeable improvement over Alder Lake nonetheless, there was still disagreement regarding cost, particularly with Raptor Lake Refresh. Though the era has ended, the steady reduction in 14thgen CPU prices offers a silver lining. Read More..

B2B Tech News | 2 months ago      

Data Analytics Firm Sisense Faces Data Compromise, Urges Password Resets

The U.S. cybersecurity watchdog agency has announced that Sisense, a data analytics business, has suffered a data compromise. It is recommended that c

The U.S. cybersecurity watchdog agency has announced that Sisense, a data analytics business, has suffered a data compromise. It is recommended that customers report any suspicious activity and reset any passwords or other credentials that may have been exposed during the incident. The organisation withheld some information on the breach. Sisense admitted the problem and said it was working with the police and hiring professionals to deal with it. Nevertheless, the business only offered restricted information and ignored our followup questions. The hack was discovered by journalist Brian Krebs, who speculated that "many millions of credentials" were compromised. Read More..

B2B Tech News | 2 months ago      

Micron Technology Assures Investors Amid DRAM Supply Impact from Taiwan Earthquake

According to Micron Technology, the April 3 earthquake in Taiwan might have a midsingledigit percentage effect on the companys DRAM supply for a calen

According to Micron Technology, the April 3 earthquake in Taiwan might have a midsingledigit percentage effect on the companys DRAM supply for a calendar quarter. The business reassured investors about its longterm DRAM supply capabilities despite operating in four sites in Taiwan, a significant participant in the global semiconductor supply chain. Micron said that the earthquake had no longterm effects on the supply of DRAM, even if it hasnt yet reached total output. The need for DRAM, essential for data centres, PCs, and smartphones, is rising as the AI sector expands. CEO Sanjay Mehrotra said in March that Microns highbandwidth memory chips, essential for AI applications, were sold out for 2024 and that most of the 2025 supply had already been reserved. Whether the earthquake impacted the manufacture of HBM chips is still unknown. Read More..

B2B Tech News | 2 months ago