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GLOBAL NEWS

Alibaba Enacts Changes, Closes Quantum Lab in Workforce Reduction Move

Alibabas Quantum Computing Lab closure signals potential costcutting measures amid a companywide overhaul led by Joseph Tsai and Eddie Wu. Equipment f

Alibabas Quantum Computing Lab closure signals potential costcutting measures amid a companywide overhaul led by Joseph Tsai and Eddie Wu. Equipment from the lab will be donated to Zhejiang University, resulting in 30 staff losses, some possibly redirected within the institution. This move follows the abandonment of a cloud services spinoff and signifies potential shifts in Alibabas longterm strategy. Before this, the company was planning a complex sixway split. Recent executive appointments within Alibaba Cloud aim to revamp the division losing ground to statebacked competitors. The closure affects DAMO Academy, initially envisioned as Alibabas innovation hub, reflecting Alibabas costcontrol strategies amid workforce reductions since 2022. Read More..

B2B Tech News | 3 months ago      

SK Telecoms Metaverse Ambitions Collaborations Fuel Global Expansion

SK Telecom SKT has partnered with CelcomDigi, Agate, and Cosmic Technologies in Southeast Asia to expand its "ifland" metaverse platform globally. Col

SK Telecom SKT has partnered with CelcomDigi, Agate, and Cosmic Technologies in Southeast Asia to expand its "ifland" metaverse platform globally. Collaborating with these companies allows SKT to offer localized content and marketing in Malaysia, Indonesia, and the Philippines, leveraging partners market insights without initial platform development costs. Anticipating accelerated international growth for ifland, SKT plans upgrades such as new language additions and locationbased content recommendations. Granting more administrative rights to partners aims to increase engagement in their respective markets. SKT eyes further deals in the US, India, and Europe, aiming to enhance iflands global presence. The partnerships underscore SKTs dedication to tailored, localcentric metaverse expansion amidst its global availability in 49 countries since November 2022. Read More..

B2B Tech News | 3 months ago      

Global Initiative Nations Collaborate for Safe and Secure AI Systems

18 nations, including the US, UK, Germany, and Italy, have agreed on guidelines to safeguard AI technology, urging tech firms to create inherently sec

18 nations, including the US, UK, Germany, and Italy, have agreed on guidelines to safeguard AI technology, urging tech firms to create inherently secure AI systems. The nonbinding agreement emphasizes monitoring AI for misuse, securing data, and vetting software suppliers. Director Jen Easterly of the US Cybersecurity and Infrastructure Security Agency highlighted the focus on safety over rapid market deployment. Among the signatories are India, which supports responsible AI development through the Digital India Act. Minister Rajeev Chandrasekhar stressed the Acts role in preventing AI harm, particularly on social media, with India poised to have over 1.24 billion internet users by 20252026, necessitating safety measures against AI misuse. Read More..

B2B Tech News | 3 months ago      

Rakuten Mobile Faces Financial Challenges 13 Consecutive Quarters of Operating Losses

The Japanese company Rakuten Group has encountered difficulties with its mobile divisions planned April 2020 debut of Rakuten Mobile. With 5.2 million

The Japanese company Rakuten Group has encountered difficulties with its mobile divisions planned April 2020 debut of Rakuten Mobile. With 5.2 million users, the mobile division accounts for around 2.5% of Japans telecom industry and generates ¥351 billion $2.4 billion annually. But the mobile division has reported operational losses for 13 straight quarters, totalling group losses of ¥819 billion $5.5 billion. Over ¥1.5 trillion is owed by Rakuten Group, with ¥800 billion coming due by the end of 2025. Rakuten undertook several fundraising initiatives, such as selling additional shares, selling company holdings, and holding public offerings, to alleviate its financial difficulties. Read More..

B2B Tech News | 3 months ago      

Apple Plans Exit from Goldman Sachs Partnership Credit Card Deal to Conclude

According to reports, Apple and Goldman Sachs Group are splitting apart their credit card business, with the tech giant hoping to agree over the next

According to reports, Apple and Goldman Sachs Group are splitting apart their credit card business, with the tech giant hoping to agree over the next 12 to 15 months. The collaboration was started in 2019 when Apple and Goldman introduced a virtual credit card. The consumer partnership, including the savings account that launches in 2023, would be terminated. Goldman Sachs declined to comment despite Apple declaring that it is focused on providing customers with an extraordinary experience. Since its inception, Apple Card, which was developed in partnership with Goldman Sachs, has received favourable feedback. Apple just joined the "buy now, pay later" market in the United States. Read More..

B2B Tech News | 3 months ago      

Cyberattack Hits Japans JAXA Weaknesses in Network Infrastructure Exploited

The Japan Aerospace Exploration Agency JAXA, Japans space agency, verified a cyberattack and said that hackers took advantage of weaknesses in network

The Japan Aerospace Exploration Agency JAXA, Japans space agency, verified a cyberattack and said that hackers took advantage of weaknesses in network infrastructure. Although the attacks time and details still need to be discovered, a JAXA representative stated that nothing vital for rocket and satellite operations was among the information obtained. An internal inquiry was prompted by information from an external organisation, which led to the discovery of possible unauthorised access. The attack was discovered by the police, who notified JAXA in the autumn after learning of it over the summer. JAXA has not released further information on the incident, and the inquiry is still underway. Read More..

B2B Tech News | 3 months ago      

Security Alert Okta Reveals Breach, All Users Data Compromised

In a twomonthold network compromise, Okta said that hackers accessed user data on every person using its customer service platform. Every customers na

In a twomonthold network compromise, Okta said that hackers accessed user data on every person using its customer service platform. Every customers name and email address using Oktas customer care system are among the leaked data. Despite the lack of concrete proof of ongoing exploitation, Okta has alerted users to a higher security risk related to phishing and social engineering activities. Oktas shares decreased in October after the original vulnerability exposure, which allowed specific hackers to examine material uploaded by particular clients. Based in San Francisco, Okta serves clients like Microsoftbacked OpenAI by offering identity services, including multifactor authentication and single signon for safe online application logins. Read More..

B2B Tech News | 3 months ago      

Dutch Government Greenlights Nexperias Acquisition of Nowi

The purchase of Nowi, a startup company located in Delft that specialises in power management chips, by Chineseowned Nexperia will not be prevented by

The purchase of Nowi, a startup company located in Delft that specialises in power management chips, by Chineseowned Nexperia will not be prevented by the Dutch government. The Netherlands government retrospectively reviewed the Nexperia acquisition of Nowi in 2022 and found no legal issues. Nexperia is owned by Wingtech, a company based in China. With the help of Nowis technology, power management chips may be able to use vibrations or light as an ambient power source instead of batteries. The Dutch government conducted a detailed study before deciding not to prohibit the transaction. Read More..

B2B Tech News | 3 months ago