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Western Oil Majors Return Over $111 Billion to Shareholders in 2023 Amidst Geopolitical Turmoil

The top five Western oil and gas companies gave shareholders approximately $111 billion in dividends and share repurchases in 2023, a little more than

The top five Western oil and gas companies gave shareholders approximately $111 billion in dividends and share repurchases in 2023, a little more than the $110 billion in 2022. With the current geopolitical unrest and economic instability, oil giants such as Exxon and Chevron have clarified that they are committed to reducing carbon emissions and generating more substantial profits. Investors have always prized oil majors for their consistent payouts, even if the expansion of the IT sector and environmental concerns have caused a fall in interest in the industry. The strategies used by the industry differ some companies, like BP and Shell, prioritise investing in lowcarbon and renewable energy sources, while others concentrate on increasing oil output. Read More..

B2B Tech News | 1 years ago          

Arm Stock Soars Over 30% on Upbeat Sales and Profit Projections

Arms stock value increased by over thirty per cent when the company announced that its quarterly sales and earnings would exceed Wall Streets forecast

Arms stock value increased by over thirty per cent when the company announced that its quarterly sales and earnings would exceed Wall Streets forecasts. Arms market capitalization increased by around $26 billion due to more outstanding royalties from the increased demand for new chips designed for artificial intelligence applications. Since Arms IPO at $51 in September, the stock has quadrupled in value, now trading at $102.11. The companys plan to broaden its product line, especially in AIcentric processors, pays off as consumers show interest in laptops, smartphones, and data centre applications. Arm has raised projections for the fourth quarter in anticipation of robust growth in the automotive and artificial intelligence sectors. Read More..

B2B Tech News | 1 years ago          

AWS Launches AWS Space Accelerator India to Boost Space Tech Startups

In partnership with THub and Minfy, AWS has introduced AWS Space Accelerator India, a programme designed to assist companies in the space technology i

In partnership with THub and Minfy, AWS has introduced AWS Space Accelerator India, a programme designed to assist companies in the space technology industry. The goal of the 14week accelerator programme is to help Indian businesses specialising in space technology grow faster by offering them resources, knowledge, and direction. It provides business help, mentorship from ISRO and INSPACe, and up to $100,000 in AWS credits. By enabling them to develop and test ideas utilising AWS simulation tools, the programme aims to reduce capital expenditure and promote quick experimentation, therefore addressing issues encountered by space tech firms. Selected firms will learn about machine learning, cloud computing, data analytics, space domain technologies, and possible uses of generative artificial intelligence. This programme aligns with AWSs worldwide dedication to assisting startup innovation in the space sector. Read More..

B2B Tech News | 1 years ago          

Roblox Introduces AI Translation Model for Seamless Multilingual Chats

An AI model developed by Roblox can quickly interpret text exchanges across 16 languages—including English, French, and Japanese. Language hurdles a

An AI model developed by Roblox can quickly interpret text exchanges across 16 languages—including English, French, and Japanese. Language hurdles are one way that Robloxs CTO, Dan Sturman, hopes to promote comfortable user engagement. The platform uses a Mixture of Expert MoE architecture with a transformerbased Large Language Model LLM to run many translation apps effectively. Sturman stressed that Robloxs privacy and security policies remain unchanged, with prohibited terms continuing to be screened by the translation AI. Roblox uses generative AI models, such as an AI chatbot assistance for developers and automated visual asset translation, to cater to older consumers. Future goals include adding voice chat support for AI translation. Other major tech companies like Google and Meta are also advancing AI translation models. Read More..

B2B Tech News | 1 years ago          

Google Unveils OpenSource Fuzzing Framework with AIPowered Vulnerability Detection

Large Language Models LLMs are used in an opensource fuzzing framework that Google has provided to automate the identification of software vulnerabili

Large Language Models LLMs are used in an opensource fuzzing framework that Google has provided to automate the identification of software vulnerabilities. The programme measures parameters like compilability and runtime coverage and supports many LLMs. It also assesses created fuzz targets against production data. It was able to find vulnerabilities in libplist and cJSON that could have gone undetected. To save engineers time, Google is also investigating AIpowered patching techniques that may prompt LLMs to develop code modifications, test them, and choose the best option. This project demonstrates Googles dedication to improving software security using cuttingedge AIdriven techniques. Read More..

B2B Tech News | 1 years ago          

Microsoft Unveils Microsoft 365 Copilot AI Tool for Developers

To encourage more developers to use artificial intelligence, Microsoft is releasing the Microsoft 365 Copilot tool to a larger group of its teams. The

To encourage more developers to use artificial intelligence, Microsoft is releasing the Microsoft 365 Copilot tool to a larger group of its teams. The application is a generative AI assistant version of Microsoft. It is part of the companys productivity package, including Teams, Word, and Outlook. Copilot helps with activities like creating presentations and summarising email inboxes by leveraging OpenAIs big language models. This action is consistent with Microsofts relationships with OpenAI and AI investments, reflecting the companys expanding cloud business that serves clients looking for AI applications. Pilot testing has taken place. However, Microsoft has not yet provided a statement on the rumoured launch. Read More..

B2B Tech News | 1 years ago          

AIPowered Campaigning Indonesian Presidential Race Enters New Territory

With an emphasis on winning over younger people, the next presidential election in Indonesia demonstrates the revolutionary potential of generative AI

With an emphasis on winning over younger people, the next presidential election in Indonesia demonstrates the revolutionary potential of generative AI in extensive political campaigns. Through adorable and cuddly visuals, General Prabowo Subiantos campaign has rebranded his image among Gen Z voters using AIgenerated cartoon avatars. Prabowos platform uses generative AI for chatbot conversations, sentiment tracking, and campaign graphics. It is driven by technology from the American company Midjourney Inc. Vendors. Campaigns push the envelope despite restrictions prohibiting political usage, drawing attention from providers like OpenAI. Nonetheless, the increasing use of AI techniques emphasizes how they influence political discourse, presenting advantages and disadvantages for election procedures. Read More..

B2B Tech News | 1 years ago          

Spotify Surpasses Expectations Shares Jump 8% on Strong Q4 Performance

With an 8% share growth, Spotify reported monthly active users and subscribers in the fourth quarter, which exceeded expectations. Beyond projections,

With an 8% share growth, Spotify reported monthly active users and subscribers in the fourth quarter, which exceeded expectations. Beyond projections, there were 236 million premium members and 602 million monthly active users. Sales for the first quarter were predicted to be lower. CEO Daniel Ek stressed the need to use tactics like price rises to boost revenue. With new hires like Joe Rogan, Spotifys podcast division has experienced doubledigit growth and plans to turn a profit by 2024. Although 239 million paid users are expected in the coming quarter, firstquarter expectations for overall users and revenue still need to be met. Operating income is anticipated to be 180 million euros, as opposed to a 75 million euro loss in the fourth quarter. Read More..

B2B Tech News | 1 years ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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