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Walmarts Flipkart and PhonePe Eye IPOs in the Coming Years, Says Executive

Executive vice president for corporate affairs at Walmart, Dan Bartlett, indicated that initial public offerings IPOs may occur in the coming years fo

Executive vice president for corporate affairs at Walmart, Dan Bartlett, indicated that initial public offerings IPOs may occur in the coming years for the companys Flipkart marketplace and PhonePe digital payments network. Despite Flipkarts maturity, PhonePes IPO may be given priority due to its significance in Indias digital payments market. One crucial issue Bartlett emphasised was PhonePes connectivity with Indias Unified Payments Interface UPI. Before PhonePe goes public, procedures must be set up, including thoughts about listing on the Indian exchange or elsewhere. With their strong growth, Flipkart and PhonePe both have the potential to develop into $100 billion companies. In the fiscal year 2023, PhonePes revenue increased by 77%, demonstrating its substantial market dominance in digital payments in India. Read More..

B2B Tech News | 7 days ago      

Qualcomm Introduces Snapdragon 6s Gen 3 Mobile Platform with Modest Upgrades

Qualcomm secretly released the Snapdragon 6s Gen 3 mobile platform it was a slight improvement over its predecessors but did not bring about any notab

Qualcomm secretly released the Snapdragon 6s Gen 3 mobile platform it was a slight improvement over its predecessors but did not bring about any notable breakthroughs. The processor resembles the 2021 Snapdragon 695 and its renamed variant, the Snapdragon 4 Gen 1, despite the "new" designation. Produced on a 6nm TSMC node, it has six CortexA55 cores clocked at 2.0 GHz and two CortexA78 cores clocked at 2.3 GHz, providing a little boost in performance. However, its FastConnect 6200 modem, LPDDR4X RAM compatibility, and Adreno 619 GPU need to be updated for a 2024 release. Whats especially unfortunate is that the camera ISP can only record videos at 1080p@60 frames per second, less than the Snapdragon 6 Gen 1s 4K@30 frames per second capacity. Read More..

B2B Tech News | 7 days ago      

Sri Lanka Approves Elon Musks Starlink for Satellite Internet Service

Elon Musks Starlink has received permission from Sri Lanka to begin offering its satellite internet service to improve internet access, particularly i

Elon Musks Starlink has received permission from Sri Lanka to begin offering its satellite internet service to improve internet access, particularly in rural regions. After a twoweek public consultation, President Ranil Wickremesinghe said that the Telecommunication Regulatory Commission of Sri Lanka TRCSL had approved the move. Elon Musk thanked people on social media. The project aims to transform connections in Sri Lanka by providing faster, more dependable internet and creating new avenues for youth to pursue creativity and education. Moreover, better connections would facilitate emergency communication and aid the fishing and education sectors. After Starlinks recent expansions into Fiji and Indonesia, this action demonstrates Musks dedication to universal internet access. Read More..

B2B Tech News | 7 days ago      

Snowflake Faces Backlash Over Data Breaches Involving Major Customers

As a result of purported data breaches connected to insufficient security protocols that affect several significant clients, such as Santander Bank an

As a result of purported data breaches connected to insufficient security protocols that affect several significant clients, such as Santander Bank and Ticketmaster, Snowflake is under investigation. Australian authorities reported successful intrusions into Snowflake settings, and hackers claimed to have taken millions of client records. Although Snowflake admitted to "potentially unauthorised access" to specific accounts, it made clear that singlefactor authentication flaws were to blame rather than direct system breaches. The hacks, made possible by infostealing malware, expose Snowflakes inability to compel its customers to adopt multifactor authentication MFA. Customers are urged to activate MFA by Snowflake, emphasising that security enforcement is the users duty under its shared responsibility approach. This event highlights the importance of robust security procedures to protect sensitive data. Read More..

B2B Tech News | 7 days ago      

Veeam Introduces Data Cloud Vault for Secure, Immutable Backup Storage

Veeam Software unveiled a safe, encrypted, and immutable backup storage solution called Veeam Data Cloud Vault. This StorageasaService STaaS solution,

Veeam Software unveiled a safe, encrypted, and immutable backup storage solution called Veeam Data Cloud Vault. This StorageasaService STaaS solution, unveiled at VeeamON 2024, complies with zero trust principles by enabling organisations to manage data without cloud or physical infrastructure. Completely connected with Azure, Veeam Vault provides fixedrate pricing for storage and required API calls. It is intended to improve compliance, cyber resilience, and data security while facilitating quick recovery from cyberattacks. The service provides safe, ondemand storage without any complicated management, and it supports Veeams 32110 backup approach. In 2024, Veeam intends to increase its capabilities while enhancing efficiency and cutting costs through improved Veeam Data Platform integration. Read More..

B2B Tech News | 7 days ago      

Persistent Systems Unveils GenAI Hub for Streamlined Enterprise AI Development

The GenAI Hub is a platform Persistent Systems introduced to make it easier for businesses to design and implement Generative AI GenAI applications. I

The GenAI Hub is a platform Persistent Systems introduced to make it easier for businesses to design and implement Generative AI GenAI applications. It supports several Large Language Models LLMs and clouds without requiring provider lockin and connects with current infrastructure. Five components comprise the platform Playground, which is a nocode tool for experimenting with GenAI Agents Framework, which is used for developing applications Evaluation Framework, which verifies AI performance Gateway, which oversees LLM compatibility and expenses and Custom Model Pipelines, which facilitate the building of bespoke models. The GenAI Hub facilitates cost optimisation, responsible AI practices, and quick growth. Experts note that it can shorten the time to value for AI installations, and clients like Tangoe have witnessed notable increases in productivity and innovation. Read More..

B2B Tech News | 7 days ago      

Short Bets Against Nvidia Reach $34 Billion Amid Soaring Stock

Some investors are placing bets against Nvidias future trajectory as its stock continues its explosive ascent, surpassing Apple to become the second m

Some investors are placing bets against Nvidias future trajectory as its stock continues its explosive ascent, surpassing Apple to become the second most valuable business in the world. There are almost twice as many short bets on Nvidia as against Apple and Tesla combined, totalling almost $34 billion. Nevertheless, the fact that these short positions only account for 1% of Nvidias market capitalization suggests that a comparatively tiny proportion of investors doubt the companys current valuation. Even though the value of its shares has recently declined, Nvidias stock has increased 143% by 2024 due to the companys unquenchable need for highend AI chips. Microsoft is still the most valuable corporation, with a market value of $3.15 trillion Read More..

B2B Tech News | 12 days ago      

CoinDCX Launches CoinDCX Prime for HighNetWorth Crypto Investors

In response to the growing demand from highnetworth people and institutions for cryptocurrency investments, CoinDCX has launched CoinDCX Prime, a cust

In response to the growing demand from highnetworth people and institutions for cryptocurrency investments, CoinDCX has launched CoinDCX Prime, a customised package of services meant just for this customer base. CoinDCX Prime provides a tailored investing experience with a minimum investment portfolio of INR 50 Lakhs. It includes access to yieldgenerating possibilities, lowfee structures, experienced tax and legal guidance, and dedicated account managers. With CoinDCX Prime, the platforms OTC desk and VIP programme are expanded upon, addressing the increasing trend of diversifying portfolios with alternative investments such as cryptocurrency assets. Head of Strategy and Growth at CoinDCX, Minal Thukral, highlighted the platforms compliancefirst philosophy and track record of trust among retail users, establishing CoinDCX as a reliable partner for institutional investors, family offices, and HNIs. Read More..

B2B Tech News | 12 days ago