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GLOBAL NEWS

Semiconductor Index Plummets Over $500 Billion Amid Export Restriction Fears

The market value of Wall Streets semiconductor index dropped by more than $500 billion following rumours that the United States would impose stricter

The market value of Wall Streets semiconductor index dropped by more than $500 billion following rumours that the United States would impose stricter export restrictions on cuttingedge semiconductor technology to China. Donald Trumps remarks against Taiwans defence payments exacerbated the selloff. ASMLs U.S.listed shares plummeted 13%, Nvidias shares fell by over 7%, and other significant chipmakers such as AMD, Micron, and Broadcom saw notable decreases. In the meantime, businesses like GlobalFoundries and Intel, which operate in the United States, saw advantages. Analysts predict that the markets response to the existing limitations may only last for a while since they expect further geopolitical effects on the industry. Intel is wellpositioned to gain with continued U.S. policy backing, including the $52.7 billion Chips Act. Read More..

B2B Tech News | 5 days ago      

Thai Government to Probe Bank Transactions Linked to Myanmars Military Purchases

Thai Foreign Minister Maris Sangiampongsa announced that Thailands government would be meeting with state agencies and commercial banks next week to d

Thai Foreign Minister Maris Sangiampongsa announced that Thailands government would be meeting with state agencies and commercial banks next week to discuss their investigation into transactions purportedly used by Myanmars junta to buy weapons. The government is pushing for more stringent inspections. This comes in the wake of disclosures made by Thai banks to a parliamentary committee regarding their limits in looking into every transaction and a U.N. study that showed an increase in money being transferred via Thai banks for weapons. Maris denied any policy supporting economic sanctions or human rights abuses, emphasising the need to establish appropriate due diligence in banking procedures. According to a U.N. study, Thairegistered businesses sent $120 million in weaponry to Myanmar in the fiscal year 2023—a twofold increase over the previous year—complicating international attempts to isolate the military dictatorship. Read More..

B2B Tech News | 5 days ago      

Nokia Reports 32% Drop in Q2 Operating Profit Amid Weak 5G Demand

Nokia anticipates demand for 5G telecom equipment to increase in the second half despite reporting a 32% decline in operating profit for the second qu

Nokia anticipates demand for 5G telecom equipment to increase in the second half despite reporting a 32% decline in operating profit for the second quarter. Comparable operational profit decreased from €619 million to €423 million in the previous year. Reductions in telecom equipment procurement have affected both Nokia and Ericsson, resulting in largescale layoffs. Nokia had an 18% yearoveryear fall in net revenue, mainly due to a delay in 5G investment in India. Despite these difficulties, CEO Pekka Lundmark is upbeat and predicts strong sales growth in the second part of the year. Nokia continued to project a similar operating profit of between €2.3 billion and €2.9 billion for the entire year. Read More..

B2B Tech News | 5 days ago      

Google Invests in Moving Tech, Backing Indian Ridesharing App Namma Yatri

Google made a $11 million investment in Moving Tech, the parent firm of Namma Yatri, an Indian ridesharing app. Blume Ventures and Antler led the roun

Google made a $11 million investment in Moving Tech, the parent firm of Namma Yatri, an Indian ridesharing app. Blume Ventures and Antler led the round. Namma Yatri seeks to democratise ecommerce in India by operating on the Open Network for Digital Commerce ONDC. Instead of paying drivers commissions as Uber and Ola do, Namma Yatri charges a nominal monthly fee. It has completed more than 46 million journeys in places like Bengaluru and Hyderabad since its start in 2022. Magizhan Selvan and Shan M S, the cofounders, concentrate on resolving driver annoyance. Namma Yatri intends to investigate other transit modes, such as buses, and grow its engineering and R&D teams with the increased money. Read More..

B2B Tech News | 5 days ago      

Samsung to Acquire Oxford Semantic Technologies to Boost AI Capabilities

On Thursday, Oxford Semantic Technologies, a British firm with expertise in technology for advanced artificial intelligence AI applications, was acqui

On Thursday, Oxford Semantic Technologies, a British firm with expertise in technology for advanced artificial intelligence AI applications, was acquired by Samsung Electronics. The transactions financial specifics were kept under wraps. Oxford Semantic Technologies is renowned for its proficiency in knowledge graph technology, which replicates human thinking by storing information as an interconnected network of related concepts. As to Samsungs announcement, this technology can improve AI personalisation, including ondevice AI for Samsung phones. Read More..

B2B Tech News | 5 days ago      

CloudSEK Uncovers Android Malware Campaign Targeting Indian Users on WhatsApp

Via fictitious traffic echallan messages on WhatsApp, CloudSEK has uncovered a technical Android malware operation that targets consumers in India. Sc

Via fictitious traffic echallan messages on WhatsApp, CloudSEK has uncovered a technical Android malware operation that targets consumers in India. Scammers trick victims into using malware programs that take personal data and enable financial theft, and scammers pose as Parivahan Sewa or Karnataka Police. Fraudulent transactions of more than Rs. 16 lakhs have been triggered by the Wromba family virus, which has infected over 4,400 machines. The virus poses as genuine software and asks for many rights, including access to contacts and SMS, to propagate itself over WhatsApp. Attackers can buy and use gift cards covertly since they intercept OTPs. Studies by CloudSEK identified Vietnam as the attackers home country. Limiting app permissions, installing apps exclusively from reliable sources like the Google Play Store, and using reliable antivirus software are some tips that users should follow. Read More..

B2B Tech News | 5 days ago      

TotalEnergies and SSE Launch Source to Capture EV FastCharging Market

To gain 20% of the British and Irish EV fastcharging market, TotalEnergies and UK electricity company SSE announced the formation of a joint venture c

To gain 20% of the British and Irish EV fastcharging market, TotalEnergies and UK electricity company SSE announced the formation of a joint venture called Source. During the next five years, the 50/50 collaboration intends to install up to 3,000 fastcharge points fueled by renewable energy from both businesses. An EV battery may be fully charged in thirty to sixty minutes with these 150 kW direct current stations. It will cost about 300 million euros to implement these charging stations. At Seagreen, Scotlands largest offshore wind farm, TotalEnergies and SSE already work together. SSEs understanding of the electrical infrastructure and Totals experience in charging point management are combined in this project. Major oil companies like BP and Shell are also growing their EV charging operations in the United Kingdom. Read More..

B2B Tech News | 5 days ago      

Microsoft Unveils VALLE 2 Breakthrough in TexttoSpeech Technology

With just a few seconds of audio, Microsofts sophisticated texttospeech algorithm VALLE 2 can accurately replicate human speech. With this breakthroug

With just a few seconds of audio, Microsofts sophisticated texttospeech algorithm VALLE 2 can accurately replicate human speech. With this breakthrough, TTS technology has advanced significantly and reached "human parity" regarding speaker likeness, naturalness, and voice robustness. Its realism and efficiency are enhanced by two features "Grouped Code Modelling" and "Repetition Aware Sampling." Despite its promise in several industries, Microsoft has chosen to keep VALLE 2 under wraps because of worries about abuse, including voice identification spoofing and impersonations. VALLE 2, a research project, wont be included in goods or made available to the general public. Microsofts choice indicates the rising ethical concerns in AI research and development. Read More..

B2B Tech News | 5 days ago