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GLOBAL NEWS

Google to Invest $1.1 Billion in Finland Data Centre Expansion for AI Growth

Owned by Alphabet, to accelerate the expansion of its AI business in Europe, Google intends to invest €1 billion $1.1 billion in expanding its data

Owned by Alphabet, to accelerate the expansion of its AI business in Europe, Google intends to invest €1 billion $1.1 billion in expanding its data centre campus in Finland. The Nordic area is a desirable site for data centres due to its advantageous features, including a temperate temperature and abundant renewable energy sources. Although other nations have voiced worries about housing data centres, Finlands steadily rising wind power capacity guarantees a clean energy supply. Redirecting heat to nearby district heating networks is one way that Google, which already runs its Hamina data centre with 97% carbonfree electricity, hopes to reduce its environmental effect even further. Googles commitment to sustainability is strengthened by this investment, which aligns with its objective of reaching net zero emissions throughout its operations and value chain by 2030. Read More..

B2B Tech News | 2 months ago      

Newgen Opens Digital Skills Training Center for Women in Okhla, Delhi

A specialized skill development centre for women in marginalized areas has been established by Newgen Software in Okhla, Delhi, to improve their digit

A specialized skill development centre for women in marginalized areas has been established by Newgen Software in Okhla, Delhi, to improve their digital skills and vocational training. This programme is a component of Newgen Digital Discovery Paathshala NDDP, the companys premier social impact project that targets moms of students from Tekhand and Harkesh Nagar. The centre plans to provide women with the necessary skills to prosper in the digital era as part of the NDDP Samarth Saarthi Samuh programme. The Head of CSR at Newgen, Priyadarshini Nigam, stressed the organizations dedication to transforming communities. With the help of nongovernmental organizations like Each One Feed One, and I AM Wellbeing, Newgen is building a comprehensive ecosystem for wellbeing and skill development that promotes independence and development. Read More..

B2B Tech News | 2 months ago      

Intel Discloses Critical CVE202422476 Vulnerability in Neural Compressor Software

Intel has disclosed a critical vulnerability, CVE202422476, in its Intel Neural Compressor software, allowing unauthenticated remote attackers to exec

Intel has disclosed a critical vulnerability, CVE202422476, in its Intel Neural Compressor software, allowing unauthenticated remote attackers to execute arbitrary code. The flaw, due to improper input validation, affects versions before 2.5.0 and has a CVSS score of 10. Intel urges users to upgrade to version 2.5.0 or later. This software helps optimize AI models for deployment on various hardware. Another moderaterisk flaw, CVE202421792, was also disclosed. These vulnerabilities underscore the expanding attack surface in AI software, emphasizing the need for robust security practices. Recent reports highlight the cyberrisks in AI technology, advocating for better threat modeling and secure design to protect AI infrastructure. Read More..

B2B Tech News | 2 months ago      

Microsoft Introduces Recall Feature for Windows 11 Logs and Retrieves All Activities

Microsoft has released Recall, a new tool for Windows 11 laptops intended to record everything you do on the computer. Recall records the websites you

Microsoft has released Recall, a new tool for Windows 11 laptops intended to record everything you do on the computer. Recall records the websites you browse, the applications you use, and the live meetings you attend in a timeline you can review. You may execute a "Recall" action using it, which saves a record of your actions for convenient access. Recall also makes it possible to search through films and live meetings using Live Captions, which provides realtime voice translation and transcription. The new "Copilot Plus PCs" with Qualcomms Snapdragon X Elite CPUs and at least 256 GB of storage are needed to use this capability, which is included in Windows 11. Microsoft guarantees customers that all information collected by Recall is kept confidential and locally saved. Users can pause, stop, or delete logs and exclude specific apps or websites. Sensitive information is not hidden, so users should be cautious about stored content. Read More..

B2B Tech News | 2 months ago      

Samsung Electronics Names Young Hyun Jun as New Chief of Semiconductor Division Amid Chip Crisis

Young Hyun Jun has been named the new head of Samsung Electronics semiconductor division to navigate a "chip crisis" and boost competitiveness in the

Young Hyun Jun has been named the new head of Samsung Electronics semiconductor division to navigate a "chip crisis" and boost competitiveness in the rapidly expanding AI chip industry. Kye Hyun Kyung will now oversee the future business unit. Jun, who formerly oversaw Samsungs memory chip section and held senior roles at Samsung SDI and Samsung Electronics, will take over. Analysts speculate that Samsung is making this step as a calculated attempt to close the gap with competitors like SK Hynix in the market for highend AI processors, such as high bandwidth memory chips. In the face of persistent difficulties, Samsung views this leadership transition as a "preemptive measure" to strengthen its competitiveness. Read More..

B2B Tech News | 2 months ago      

UN Report Global Economy Sees Brighter Outlook, With Growth Forecast Raised

In contrast to its January prognosis, the United Nations mid2024 report shows a better picture of the world economy. The research shows improved outlo

In contrast to its January prognosis, the United Nations mid2024 report shows a better picture of the world economy. The research shows improved outlooks for the US and several significant emerging economies, including Russia, Brazil, and India. The prior estimate of 2.4% for global economic growth in 2024 has been revised to 2.7%, while the estimate for 2025 has been increased to 2.8%. The research also highlights problems faced by the worlds poorest countries and tiny island governments, including rising interest rates, problems paying off debt, geopolitical unrest, and climatic hazards. Persistent inflation over the 2% target in many wealthy nations indicates underlying economic instability, even though inflation has declined from its high in 2023. Concerns persist for Africa, with economic growth projected at 3.3%, lower than earlier forecasts, attributed to weak prospects in critical economies, debt distress, and high inflation rates. Read More..

B2B Tech News | 2 months ago      

EU Launches Investigations Into Alleged Unfair Trade Practices by Chinese Manufacturers

The European Union has opened multiple investigations into possible unfair trade practices by Chinese businesses in several industries. These inquirie

The European Union has opened multiple investigations into possible unfair trade practices by Chinese businesses in several industries. These inquiries include antidumping inquiries into wood flooring imports, flatrolled steel goods coated with tin, and Chinese public medical equipment purchases. Furthermore, the EU closely examines subsidies that Chinese wind turbine suppliers have received, Chinese bidders involvement in a Romanian solar park contest, and possible excessive subsidies supporting Chinese electric vehicle exports to the EU market. These initiatives seek to stop unfair competition and market distortion, and if unethical behaviour is discovered, they may include sanctions or temporary tariffs on Chinese businesses. Read More..

B2B Tech News | 2 months ago      

DXC Technology Plummets 18% as Restructuring Plan and Weak Forecasts Rattle Investors

Following the release of a new restructuring plan and lowerthanexpected revenue and profit projections for the fiscal year 2025, DXC Technology shares

Following the release of a new restructuring plan and lowerthanexpected revenue and profit projections for the fiscal year 2025, DXC Technology shares fell by 18% on Friday. DXC still needs help switching from traditional IT outsourcing services to cloudbased solutions, even after previous attempts at transformation and leadership changes. An extra $250 million is anticipated to be spent on the most recent restructuring initiatives, which seek to decrease surplus capacity in legacy operations and streamline the firm, in the fiscal year 2025. This action and an anticipated drop in free cash flow have made analysts doubt DXCs capacity to turn around its company. Due to the companys declining stock value, several analysts have lowered their target prices. Read More..

B2B Tech News | 2 months ago