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Samsung Electronics Lands First Order for 2nm AI Chips from Japans Preferred Network

With its sophisticated 2nanometer foundry process and chip packaging service, Samsung Electronics has won an order from Preferred Networks, a Japanese

With its sophisticated 2nanometer foundry process and chip packaging service, Samsung Electronics has won an order from Preferred Networks, a Japanese AI company, to produce chips for AI applications. This is Samsungs first order for their cuttingedge 2nanometer chip contract manufacturing that has been made public. The chips gateallaround GAA design will combine many processors into a single package, increasing connectivity speed and decreasing size. Junichiro Makino, VP and CTO of computing architecture at Preferred Networks, stated that these chips, which South Koreas Gaonchips created, will be used in the companys highperformance computing hardware for generative AI applications, including huge language models. Read More..

B2B Tech News | 10 days ago          

China Leads Generative AI Use, Outpaces Global Average and U.S. Adoption

Based on a poll conducted by Coleman Parkes Research and SAS, a U.S.based AI and analytics software business, China is at the forefront of generative

Based on a poll conducted by Coleman Parkes Research and SAS, a U.S.based AI and analytics software business, China is at the forefront of generative AI usage, with 83% of Chinese respondents adopting the technology, compared to the worldwide average of 54% and the U.S. at 65%. One thousand six hundred decisionmakers from various sectors participated in the poll, demonstrating Chinas quick advancement in generative AI since ChatGPTs introduction in 2022. According to a UN report, China is winning the generative AI patent race with over 38,000 registrations between 2014 and 2023. China has established a strong home market for AI services despite limitations on foreign providers. The SAS research also highlights Chinas dominance in the contentious generative AI data analysis application of continuous automated monitoring CAM. Read More..

B2B Tech News | 10 days ago          

Bapcor Rejects Bain Capitals A$1.83 Billion Buyout Bid, Citing Undervaluation

On Tuesday, Bain Capital made a $1.23 billion $1.83 billion acquisition bid, but Australian auto parts retailer Bapcor BAP.AX turned it down, saying t

On Tuesday, Bain Capital made a $1.23 billion $1.83 billion acquisition bid, but Australian auto parts retailer Bapcor BAP.AX turned it down, saying the amount was too low for the companys actual worth. Cash offers of A$5.4 per share were made by Bain Capital, marking a substantial 23.9% premium over Bapcors closing price on June 7. According to Bapcor—which runs wellknown Australian companies including Autobarn and Midas—accepting the offer would not be in the best interests of its stockholders. In addition, Angus McKay was named executive chairman and CEO by the corporation, and it also disclosed that impairment costs would likely have an impact on its statutory net profit after taxes for the second half. Read More..

B2B Tech News | 17 days ago          

SGX CEO Loh Boon Chye Rules Out Cryptocurrency Listings for Now

Speaking on the ecosystems readiness to accept such products, CEO of Singapore Exchange SGX Loh Boon Chye said that SGX has yet to make plans to enabl

Speaking on the ecosystems readiness to accept such products, CEO of Singapore Exchange SGX Loh Boon Chye said that SGX has yet to make plans to enable cryptocurrency listings on its exchange. With demand, governance, and structure, Loh underlined the significance of a sustainable ecosystem for introducing any new product. He said that adopting cryptocurrency exchangetraded funds ETFs has become a global trend, with notable examples being the United States and Hong Kong. This has resulted in notable price gains for ether and bitcoin. According to Loh, Singapores environment has yet to be ready for cryptocurrency listings despite SGXs reputation for innovation. With difficulties in luring listings of fastgrowing firms, SGX is still concentrating on reviving IPOs and growing its derivatives division. Read More..

B2B Tech News | 17 days ago          

PageGroup Issues Profit Warning Amid Weaker Hiring Activity

Due to a cautious prognosis for the years second half and lowerthanexpected recruiting activity in June, British recruiter PageGroup PAGE.L warned of

Due to a cautious prognosis for the years second half and lowerthanexpected recruiting activity in June, British recruiter PageGroup PAGE.L warned of a reduced yearly profit. With a noticeable decrease in new job registrations and interviews as the quarter went on, CEO Nicholas Kirk saw difficult market circumstances throughout Q2. The organisation needed help getting employment offers approved after interviews. June fees showed an 18% decline from the prior year, contributing to a 12% decline in secondquarter gross profit to 224.3 million pounds $287.2 million. In contrast to the 118.8 million pounds recorded in the previous year, PageGroup now projects fullyear operating profit for 2024 to be about 60 million pounds. Read More..

B2B Tech News | 17 days ago          

Dassault Systemes Cuts 2024 Earnings Outlook Amid Customer Caution

Due to contract delays and cautious consumer spending, the French software giant Dassault Systemes lowered its fullyear profitability goal. The busine

Due to contract delays and cautious consumer spending, the French software giant Dassault Systemes lowered its fullyear profitability goal. The business revised its estimate of a 10% to 12% increase in diluted EPS by 2024 to 8% to 11%. With secondquarter revenue projected at about 1.50 billion euros, below the 1.53 to 1.56 billion target, CEO Pascal Daloz emphasised that "large transaction delays" impacted sales. Despite these setbacks, Dassault is confident that the transactions will close in upcoming quarters. However, it recognises that client decisionmaking is still unpredictable, which calls for a more cautious forecast for the entire year. The business, which supplies software to the industrial, aerospace, and automotive industries, has already disclosed a mixed first quarter. Read More..

B2B Tech News | 17 days ago          

Build and Share Apps Directly in Chats with Quora Poes New "Previews"

With the introduction of "Previews," users of Quoras Poe AI chatbot aggregation platform may now construct interactive applications within discussions

With the introduction of "Previews," users of Quoras Poe AI chatbot aggregation platform may now construct interactive applications within discussions. Users may create apps like games and data visualisations by giving directions in natural language. They can even use several chatbots to upload file content. Links can be used to distribute developed apps. Previews enable JavaScript, HTML, and CSS features and are tailored for chatbots with programming experience, such as Claude 3.5 Sonnet and GPT4o. There is a $20/month subscription fee for access. This release comes amid debate around Poes purported ability to facilitate content download with paywalls—a claim Quora contests. Read More..

B2B Tech News | 17 days ago          

Apple Removes 25 VPN Apps from Russian App Store Following Government Demand

The governments communications agency, Roskomnadzor, demanded that Apple delete several VPN apps from the Russian App Store. Apple complied. Reportedl

The governments communications agency, Roskomnadzor, demanded that Apple delete several VPN apps from the Russian App Store. Apple complied. Reportedly, to comply with Russian rules that severely restrict and regulate internet access, 25 VPN apps were removed. To get around these limitations, VPNs are widely utilised in Russia. Le VPN and Red Shield VPN, two VPN providers, stated they received a letter from Apple informing them that their applications were taken down because they included information considered unlawful in Russia. The current prohibition on VPN advertising and Russias broader campaign against VPNs are consistent with this action. Apple continues to maintain the App Store in the nation despite its prior efforts against Russias involvement in Ukraine. Read More..

B2B Tech News | 17 days ago          



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