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GLOBAL NEWS

Microsofts $3.3 Billion Investment in Wisconsin to Democratize AI and Drive Economic Growth

An essential first step towards democratising artificial intelligence and promoting economic growth is Microsofts $3.3 billion investment in Wisconsin

An essential first step towards democratising artificial intelligence and promoting economic growth is Microsofts $3.3 billion investment in Wisconsin. The project intends to spur innovation and opportunity in the area and beyond, focusing on AI and cloud infrastructure, skills training programmes, and an AI coinnovation lab with a manufacturing orientation. Vice Chair Brad Smith emphasised the projects connections to Wisconsins history of industrial innovation, while CEO Satya Nadella emphasised Microsofts commitment to democratising AI to promote economic development. Microsoft wants to empower people and businesses by utilising cuttingedge AI technology and funding skill development programmes. This will promote economic expansion and innovation in Wisconsin and the surrounding states. Read More..

B2B Tech News | 2 months ago      

Lam Research Boosts Indias Semiconductor Ambitions with Supply Chain Expansion

Lam Research, the leading manufacturer of semiconductor manufacturing equipment, supports Indias efforts to create a comprehensive semiconductor ecosy

Lam Research, the leading manufacturer of semiconductor manufacturing equipment, supports Indias efforts to create a comprehensive semiconductor ecosystem by extending its worldwide supply chain to the country. Lam Research is concentrating on Semiconductor Wafer Fab Equipment WFE manufacture and is looking to work with Indian vendors for other essential parts and precise components needed for advanced semiconductor production. This action aligns with Indias Semiconductor Mission and demonstrates the nations proactive approach to developing its semiconductor industry. Lam Research wants to help Indias semiconductor sector and improve supply chain flexibility by utilising local partnerships. This is a big step towards making semiconductor production more independent. Read More..

B2B Tech News | 2 months ago      

Apples Let Loose Event Unveils M4 Chip GameChanging Performance for Future Devices

The M4 chips announcement, which promised a revolutionary improvement in performance for new products like the OLED iPad Pro, stole the show during Ap

The M4 chips announcement, which promised a revolutionary improvement in performance for new products like the OLED iPad Pro, stole the show during Apples "Let Loose" presentation. Showcasing its neural engine, the M4s processing capability for AI has increased by an astounding 60 times above that of its predecessor, the A11s NPU. This news raises hopes for future Armpowered gear ahead of Microsofts next Windows and Surface AI presentation. Apple faces competition due to Qualcomms Snapdragon X Elite CPUs and Microsofts emphasis on Windows on Arm, especially with the MacBook Air M3 notebooks being targeted. Tech lovers anxiously await Microsofts answer to Apples most recent invention. Read More..

B2B Tech News | 2 months ago      

Godrej Consumer Products Reports Rs 2,389 Crore Loss Due to Africa Market Restructuring

Due to a strategy change in its approach to the African market, Godrej Consumer Products GCPL recorded an extraordinary loss of Rs 2,389 crore for the

Due to a strategy change in its approach to the African market, Godrej Consumer Products GCPL recorded an extraordinary loss of Rs 2,389 crore for the JanuaryMarch 2023–24 quarter. After its reorganization is finished, the business expects a mediumterm improvement in profit after tax PAT from this market to reach Rs 50 crore. In its investor presentation, GCPL predicted midsingledigit volume growth for the rest of the world business and positive cash flow from the East Africa reorganization, with EBITDA margins surpassing 15%. Due to the reorganization, the company had to leave the East African market, which resulted in impairment losses of Rs 927.2 crore from subsidiary sales and Rs 1,390.8 crore due to goodwill and brand impairment. GCPL aims for improved profitability, projecting PAT to rise from zero to Rs 50 crore in the medium term due to Africa business reorganization and simplification of hair fashion operations. Read More..

B2B Tech News | 2 months ago      

UBS Surpasses Expectations with Strong First Quarter Profits

Surpassing forecasts, UBS revealed a notable increase in firstquarter profits, fueled by solid wealth management sales. The bank reported a $1.8 billi

Surpassing forecasts, UBS revealed a notable increase in firstquarter profits, fueled by solid wealth management sales. The bank reported a $1.8 billion net profit, more than the $721.4 million average estimate. Higher thanexpected revenue of $12.74 billion was recorded, with a remarkable 28% rise to $6.14 billion in the Global Wealth Management segment. The favourable outcomes were also aided by reduced costs and UBSs absorption with Credit Suisse. CEO Sergio Ermotti underscored the banks commitment to bolstering capital and profitability while outlining integration plan advancements. The robust revenue rise was applauded by analysts, who projected continued enhancements in fee income and balance sheet management. Despite regulatory obstacles, UBS has confidence in its future course. Read More..

B2B Tech News | 2 months ago      

Toyota Forecasts 20% Drop in Operating Profit Despite Fourth Quarter Surge

Following an astounding 78% increase in profit in the fourth quarter, Toyota Motor projects a 20% decline in operating profit for the fiscal year that

Following an astounding 78% increase in profit in the fourth quarter, Toyota Motor projects a 20% decline in operating profit for the fiscal year that ends in March 2025. Anticipated operating revenue is 4.3 trillion yen, with 380 billion yen allocated to investments to strengthen "human capital" support for dealers and suppliers. Toyotas "multipathway" approach, which embraces a range of powertrain alternatives, including battery EVs and hybrids, has helped the company remain resilient in certain countries where EV demand has decreased. Despite the impressive fourthquarter results driven by high demand and a weaker yen, difficulties still exist in essential regions like China, where regional competitors are making quick progress in the electric car sector. Read More..

B2B Tech News | 2 months ago      

Tata Electronics Embarks on Semiconductor Chip Export Drive to Boost Indias Ecosystem

In a step that is expected to improve Indias semiconductor ecosystem, Tata Electronics has started to export semiconductor chips packed at its R&D cen

In a step that is expected to improve Indias semiconductor ecosystem, Tata Electronics has started to export semiconductor chips packed at its R&D centre in Bengaluru. Chips packaged and dispatched to US, Europe, and Japan partners are increasing Tata Electronics clientele. The business is nearing completion on printed circuit boards and integrated circuits for semiconductor chips of different nanometer sizes. After testing and refinement in response to consumer input, specific chips will move into commercial manufacturing in 2027. These chips are versatile since they are not designed for a single use. The Tata Groups ambitions to build a $10 billion chip foundry in Gujarat and a chippackaging factory in Assam align with this export push. The group aims to bolster Indias semiconductor manufacturing capabilities with projects like the Semiconductor Assembly & Test Facility in Assam and an AIenabled fab in Dholera, collaborating with Powerchip Semiconductor Manufacturing Corporation. Read More..

B2B Tech News | 2 months ago      

AT&T Completes Divestiture of Cybersecurity Arm, Launches LevelBlue Joint Venture

With the formation of a joint venture called LevelBlue, which will specialise in managed cybersecurity services and employ over 1,000 people across te

With the formation of a joint venture called LevelBlue, which will specialise in managed cybersecurity services and employ over 1,000 people across ten countries, AT&T has completed the spinoff of its cybersecurity services division. Under the direction of Robert McCullen, LevelBlue unifies the managed service and cybersecurity consulting divisions of AT&T with the resources obtained from the 2018 acquisition of AlienVault. McCullen highlights LevelBlues dedication to cybersecurity in contrast to AT&Ts emphasis on 5G and fibre. In addition to enabling LevelBlue to customise services and take advantage of market demand for enhanced security services, the move attempts to lower AT&Ts debt. Through collaborations and research, LevelBlue aims to strengthen its market position and tackle changing cybersecurity concerns. Read More..

B2B Tech News | 2 months ago