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Snap Shares Plunge 30% as Quarterly Revenue Falls Short

Snaps quarterly revenue fell short of expectations, disappointing Wall Street and causing a 30% decline in the companys shares. Snap finds it difficul

Snaps quarterly revenue fell short of expectations, disappointing Wall Street and causing a 30% decline in the companys shares. Snap finds it difficult to compete with industry titans in digital advertising like Meta Platforms and Alphabet, even with its cuttingedge features. Snap has challenges in capitalizing on the robust ad industry, as seen by the 25% increase in Metas ad revenue and the 11% growth in Googles. CEO of Snap, Evan Spiegel, is upbeat about the companys prospects for expansion and has emphasized a change in strategy to better serve advertisers that prioritize website traffic and sales. Ten percent of the companys employees will be let go to fund expansion ambitions. Even though Snaps user base increased to 414 million daily active users—mostly from outside of North America and Europe—its firstquarter revenue projection was below analyst projections. In aftermarket trade, shares fell 33%. Read More..

B2B Tech News | 1 years ago          

Meta Platforms Unveils Plan to Label AIGenerated Content on Social Media

To notify consumers of their digital origin, Meta Platforms revealed plans to identify photographs created by outside AI services on its platforms, in

To notify consumers of their digital origin, Meta Platforms revealed plans to identify photographs created by outside AI services on its platforms, including Facebook and Instagram. According to Nick Clegg, president of global affairs, the business will apply the labels using invisible markings contained in files, expanding the technique beyond its AIgenerated material. This action tackles worries about the possible dissemination of false or misleading information. While the Meta oversight board recently criticised the companys policy on doctored videos and argued that labelling should take precedence over removal, Clegg agreed and pointed out that the new labelling initiative demonstrates the companys commitment to addressing the challenges posed by synthetic content. Read More..

B2B Tech News | 1 years ago          

Verizon Data Breach Exposes Sensitive Information of Over 63,000 Employees

Verizon Communications revealed that 63,206 workers personal information had been exposed in an insider data breach that affected nearly half of the c

Verizon Communications revealed that 63,206 workers personal information had been exposed in an insider data breach that affected nearly half of the company. The breach was found on December 12, 2023. It involved a Verizon employee who had gained unauthorised access to a file containing employee data on September 21, 2023. The leaked data include names, addresses, Social Security numbers, and compensation information. Nevertheless, customer data is untouched. Verizon is strengthening its internal security protocols and providing affected workers with two years of credit monitoring and identity theft protection. Since law enforcement has not been notified of the occurrence, there is no indication of evil intent, even without proof of abuse or external dissemination. Verizon has just seen a significant hack since 2022, now. Read More..

B2B Tech News | 1 years ago          

LinkedIn Unveils AIPowered Messaging Feature to Simplify Networking

LinkedIn is introducing a new AIpowered function that generates userfirst messages based on their profiles, streamlining user interactions. The functi

LinkedIn is introducing a new AIpowered function that generates userfirst messages based on their profiles, streamlining user interactions. The function, which is only accessible to LinkedIn Premium users, makes it easier to initiate a conversation—especially with someone you dont know well. Naman Goel, Senior Director of Product at LinkedIn, claims that the functionality solves the intimidating "blank page problem" users frequently encounter when networking. LinkedIn is also launching a "Catch Up" option to promote milestones like job transitions and work anniversaries to encourage participation. Through platformgenerated personalised prompts, this upgrade seeks to encourage users to get back in touch with their relationships. To improve user experience, LinkedIn is also moving necessary functionality like connection requests and recommendations. Read More..

B2B Tech News | 1 years ago          

EU to Criminalize AIGenerated Imagery and Deepfakes of Child Sexual Abuse

The European Commission has proposed a new crime of livestreaming child sexual assault and revealed intentions to make AIgenerated pictures and deepfa

The European Commission has proposed a new crime of livestreaming child sexual assault and revealed intentions to make AIgenerated pictures and deepfakes portraying CSA illegal. To address technological improvements since 2011, the update also intends to criminalise the sharing and possession of "paedophile manuals." Together with raising awareness of online dangers and providing support to victims, these steps are a component of more extensive initiatives to combat cyberbullying. The Commissions prior proposal to require CSAM scanning on digital platforms was controversial. Still, lawmakers are reviewing regulations regarding the growing problem of deepfakes and improper use of artificial intelligence. Negotiations between EU colegislators are now underway, with the idea perhaps adopted before future elections and commissioner changes. Read More..

B2B Tech News | 1 years ago          

Google Urges Action Against Spyware Firms, Citing Threat to Civil Society

Google has urged the United States and its partners to stop the spyware business, denouncing surveillance software companies that facilitate hazardous

Google has urged the United States and its partners to stop the spyware business, denouncing surveillance software companies that facilitate hazardous hacking tools. These companies have targeted journalists, political opposition, and civil society despite their claims to be helping national security. According to Google researchers, smaller businesses, in addition to NSO, also play a role in the spread of surveillance technologies. Targets of government employees have spurred the United States and its allies to commit to regulating the spyware sector. Google listed organisations that provide phone security breaching services, including Greek, Spanish, and Italian businesses. The claim comes after the United States announced additional visa restrictions on those who misuse commercial malware to limit their activities within the nation. Read More..

B2B Tech News | 1 years ago          

African Mining Indaba 2024 Kicks Off in Cape Town, Focusing on Investment in Mining Sector

With an emphasis on investment in the mining industry in Africa, the African Mining Indaba 2024 gets underway in Cape Town. The conversation centres o

With an emphasis on investment in the mining industry in Africa, the African Mining Indaba 2024 gets underway in Cape Town. The conversation centres on metals necessary for the energy shift in the next 20 years, the demand for minerals like cobalt and lithium might climb sixfold. Experts anticipate a turnaround in the trend, despite a recent reduction in exploration spending, because of the increased need for minerals in the energy transition. The programme highlights the importance of Environmental, Social, and Governance ESG standards for developing sustainable mining in Africa. It is anticipated that the Democratic Republic of Congo, a significant participant in the production of green metals, will attend the Indaba. Read More..

B2B Tech News | 1 years ago          

Cyberattack Strikes Chicagos Lurie Childrens Hospital, Disrupting IT Systems

A hack caused Lurie Childrens Hospital in Chicago to take its IT systems offline, which disrupted regular business. The hospital treats more than 200,

A hack caused Lurie Childrens Hospital in Chicago to take its IT systems offline, which disrupted regular business. The hospital treats more than 200,000 children a year, making it one of the most significant paediatric hospitals in the nation. The problem affected phone, email, internet, and MyChat platform access. The hospital said there were only minor interruptions to patient care, and emergency services were unaffected. The hospital is working with law enforcement and enlisting professionals in the inquiry as part of its proactive response to the cybersecurity breach. Several services, including the results of CT and ultrasound scans, were momentarily unavailable, and scheduled treatments were postponed. 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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