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Super Micro Computer Inc SMCI.O Shares Plunge 20% After Record High

After hitting a record high earlier, Super Micro Computer Inc. SMCI.O shares sharply declined, plummeting 20% on Friday. The stock fell from a peak of

After hitting a record high earlier, Super Micro Computer Inc. SMCI.O shares sharply declined, plummeting 20% on Friday. The stock fell from a peak of $1,077.87 to $803.32 after the session, marking the worst oneday percentage decrease since August. Before this, the stock had increased for nine straight days. The fact that SMCI is still far higher than its closing price in 2023, despite this fall, suggests that it has made significant gains in the last year. The stock has received varying levels of analyst coverage. Wells Fargo began coverage with a $960 price target and an "equal weight" rating. At the same time, BofA Global Research offered the highest analyst rating of $1,040 with a buy target. Read More..

B2B Tech News | 4 days ago          

Nintendo Shares Fall 6% Amid Reports of NextGeneration Console Delay

After speculations surfaced suggesting that Nintendos nextgeneration system might not ship later this year but rather in early 2025, the companys stoc

After speculations surfaced suggesting that Nintendos nextgeneration system might not ship later this year but rather in early 2025, the companys stock saw a 6% fall. Although the Kyotobased gaming business has not made an official statement about its future hardware plans, it is widely assumed that it is getting ready to launch a replacement for its venerable Switch system. Despite this delay, Nintendo recently increased its fullyear sales projection for the Switch, highlighting its dedication to maintaining the momentum of its popular hybrid homeportable gadget. At an earnings briefing, Nintendo President Shuntaro Furukawa reiterated this pledge earlier this month. Read More..

B2B Tech News | 4 days ago          

IBM Global AI Adoption Index 2023 Key Findings on AI Deployment in Indian Enterprises

59% of big Indian organisations have actively used AI, while another 27% are investigating its potential applications, according to the IBM Global AI

59% of big Indian organisations have actively used AI, while another 27% are investigating its potential applications, according to the IBM Global AI Adoption Index 2023. Early adopters lead the way, with 74% of these businesses increasing their AI R&D and staff reskilling spending during the previous two years. However, obstacles like the skills gap and ethical reservations prevent AI from being widely used. Unlocking the full potential of AI requires addressing these obstacles, primarily by establishing robust AI governance frameworks and offering pertinent skills. Although the value of reliable AI is becoming more widely acknowledged, organisations still encounter challenges when putting important policies like minimising bias and guaranteeing explainability into practice. Nevertheless, projects centered on automation, improving customer service, and staff reskilling are already reshaping the workforce thanks to artificial intelligence. Read More..

B2B Tech News | 4 days ago          

Global Tech Firms Unite to Fight Deceptive AI Content in Elections

On Friday, a group of twenty internet firms said they are working together to stop this years global elections from being influenced by false artifici

On Friday, a group of twenty internet firms said they are working together to stop this years global elections from being influenced by false artificial intelligence material. Election integrity is at risk because of the possible abuse of generative AI, which quickly produces text, pictures, and videos. Announced at the Munich Security Conference, the tech pact is signed by companies such as OpenAI, Microsoft, and Adobe, in addition to major social media players like Meta Platforms, TikTok, and X formerly Twitter. The pact lays forth pledges to create instruments for identifying false information produced by artificial intelligence, educate the public about misleading media, and take action against false information on their platforms. Read More..

B2B Tech News | 4 days ago          

European Privacy Groups Urge Action Against Metas NoAds Subscription Service

A coalition of 28 organisations, including the Irish Council for Civil Liberties and privacy campaigner Max Schrems group NOYB, has called on Europes

A coalition of 28 organisations, including the Irish Council for Civil Liberties and privacy campaigner Max Schrems group NOYB, has called on Europes privacy regulators to block Meta Platforms noads subscription service, which was introduced in November. They contend that charging customers for privacy establishes an unsettling precedent that other businesses would follow. The European Data Protection Board EDPB is getting ready to release guidelines about the consent or pay model simultaneously with this appeal. In defence of its service, Meta claims it conforms with EU regulations. It allows consumers to choose between paying for an adfree experience or agreeing to data collecting for targeted adverts. Opponents caution that adopting a "pay or okay" approach may weaken safeguards against surveillance capitalism and violate GDPR. Read More..

B2B Tech News | 4 days ago          

Breakthrough at MIT New ID Tag Uses Terahertz Waves for Unprecedented Security

Massachusetts Institute of Technology MIT engineers have created a unique ID tag to determine an items validity accurately. This achievement was revea

Massachusetts Institute of Technology MIT engineers have created a unique ID tag to determine an items validity accurately. This achievement was revealed by MIT on Sunday, emphasising the reworking of an earlier cryptographic ID tag that included a security flaw. Unlike conventional RFIDs, the new antitampering ID tag still has the benefits of being compact, affordable, and secure. A chip may be used without a giant offchip antenna by using terahertz waves instead of radio waves, which are smaller and quicker. The tag uses machine learning to recognise unique glue pattern fingerprints with over 99% accuracy, detecting tampering. Despite transmission distance constraints, the MIT team plans to overcome these obstacles in subsequent versions. Read More..

B2B Tech News | 4 days ago          

Afghan Websites Suspended ".af" Domains Offline Amid Payment Dispute

Over 100 Afghan websites with ".af" domains were suspended by a French internet services companys nonpayment to the Talibandominated Ministry of Commu

Over 100 Afghan websites with ".af" domains were suspended by a French internet services companys nonpayment to the Talibandominated Ministry of Communications. These domains, famous for their edgy appeal, were suspended because the company, Gandi, could not pay almost $17,000 in arrears. The circumstances draw attention to the difficulties presented by international sanctions on the Taliban and the unsteady financial sector in Afghanistan. Even though a variety of websites are affected by the suspension, including ones with humorous domain names like "sexy.af" and "awesome.af," the Taliban representative stressed that the issue is unrelated to the content of the domains and that if the fees are completed, the issue may be fixed. Read More..

B2B Tech News | 4 days ago          

Nigerias Naira Hits Record Lows Amidst Stock Market Decline

The Naira saw historic lows on Nigerias official and black markets on Monday, while the stock market saw its worst oneday drop in more than a year. Th

The Naira saw historic lows on Nigerias official and black markets on Monday, while the stock market saw its worst oneday drop in more than a year. The Naira dropped to 1,712 per dollar despite Central Bank Governor Olayemi Cardosos assertions of increased foreign currency availability. This decrease comes after a recent survey revealed that inflation, caused mainly by rising food costs, is nearly 30% yearly. The worsthit sectors on Nigerias AllShare Index were industrial, consumer goods, and financial shares, which fell 3.15 per cent. Cardoso increased open market rates to combat economic difficulties and draw investors to government notes in the face of rising inflation. Still, the fall of the Naira implies that more changes would be required. Read More..

B2B Tech News | 4 days ago          



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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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