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Hoya Corp Halts Production After System Breach, Investigates Potential Data Breach

A system malfunction likely resulting from illegal server access caused Hoya Corp to suspend manufacturing for several of its goods. Attempts were mad

A system malfunction likely resulting from illegal server access caused Hoya Corp to suspend manufacturing for several of its goods. Attempts were made to control the situation, but it was discovered in an overseas office. Hoya is working with authorities to restart production and looking into any data breaches quickly. The system malfunction has caused Hoya Vision Care Co., its consumer eyeglass lens division, to halt lens orders temporarily. Most of Hoyas sales, as the secondlargest manufacturer of eyeglass lenses worldwide, come from outside the country. Information on the effects on other goods, such as hard disc drives and parts for machinery used to make chips, still needs to be discovered. Read More..

B2B Tech News | 18 days ago          

Breaking Ground IBM and Microsoft Open Joint Experience Zone in Bangalore

The first collaborative project between IBM Consulting and Microsoft was unveiled at the IBMMicrosoft Experience Zone in Bangalore, India. Clients can

The first collaborative project between IBM Consulting and Microsoft was unveiled at the IBMMicrosoft Experience Zone in Bangalore, India. Clients can investigate Microsoft technologies, hybrid cloud, and generative AI for business change in this area. Customers work with IBM Consulting in various technological domains to jointly develop solutions that use Copilot and Azure OpenAI Service. The zone features industryspecific options for government, retail, and energy, along with solutions for cloud modernization, data analytics, CRM, IoT, and new tech like AR/VR. It promotes skills development, provides case studies, and eases peer relationships. Dinis Couto, General Manager of Global Partner Solutions for Microsoft, and Amit Sharma, Managing Partner at IBM Consulting, express delight about the partnership and emphasize their commitment to creating value through AI and hybrid cloud solutions. Read More..

B2B Tech News | 18 days ago          

Breaking Language Barriers Google Introduces Circle to Search with OntheFly Translation

To simplify search and eliminate language barriers, Google has added Circle to Search for the Pixel 6 family and Pixel 7a, along with an immediate tra

To simplify search and eliminate language barriers, Google has added Circle to Search for the Pixel 6 family and Pixel 7a, along with an immediate translation option. Thanks to the translation features seamless integration with Circle to Search, users can translate text instantly with only a tap. Uncertainty surrounds the distribution schedule, and early adopters could need the most recent Google app beta in addition to compatible smartphones like the Pixel 6 series, Samsungs Galaxy S24, and Z series. Furthermore, Google enhances search capabilities throughout its device portfolio by extending Circle to Search to Pixel Fold and hinting at its presence on Pixel Tablet. This invention represents a significant advancement in improving user search functionality and language accessibility. Read More..

B2B Tech News | 18 days ago          

UK Regulators Launch Probe into Vodafone and Three Merger Amid Competition Concerns

The Competition and Markets Authority CMA, the UKs antitrust regulator, has ordered a thorough inquiry into the proposed merger of Vodafone with CK Hu

The Competition and Markets Authority CMA, the UKs antitrust regulator, has ordered a thorough inquiry into the proposed merger of Vodafone with CK Hutchisons Three mobile network. There are worries that the transaction would significantly restrict competition in the UK market, which might result in higher pricing and worse quality for customers. Citing possible harm to MVNOs that depend on Threes and Vodafones infrastructure, the CMA set a deadline of September 18 for finishing the probe. Regulators stress the need to resolve competition issues notwithstanding promises from Three and Vodafone over pricing and competition tactics. The mergers goal, revealed last year, is to combine the UK operations of the two companies, leaving three mobile providers in the nation. Three and Vodafone voiced optimism about the mergers benefits but acknowledged the expected regulatory scrutiny. Read More..

B2B Tech News | 18 days ago          

ClearBank Celebrates Milestone Achieves First FullYear Profit Amid Revenue Surge

The UK fintech startup ClearBank, which works with companies like Coinbase, turned a 91% increase in revenue into its first fullyear profit. Pretax pr

The UK fintech startup ClearBank, which works with companies like Coinbase, turned a 91% increase in revenue into its first fullyear profit. Pretax profit for the company increased to £18.4 million in 2023 from a loss of £7.1 million in 2022. Its success may be attributed to a significant rise in overall revenue, caused mainly by increased deposits from higher interest rates. Even though interest income has increased, ClearBank highlights the rise in transaction revenue. The companys clearing division and growing use of banktobank payment services also impacted its success. Citing difficulties acquiring EU licences due to Brexit, ClearBank is pursuing an expansion into the US market and a European banking licence before contemplating an IPO. Read More..

B2B Tech News | 18 days ago          

Bank of Korea Mulls Overhauling Interest Rate Guidance for Enhanced Transparency

Four people who know the situation said that the Bank of Korea BOK is considering updating its advice on future interest rates by adding more time and

Four people who know the situation said that the Bank of Korea BOK is considering updating its advice on future interest rates by adding more time and graphic forecasts to improve transparency. With comprehensive growth and inflation projections, Governor Rhee Changyong has been working on plans for regular conditional advance guidance on policy interest rates for six months or more. This proposal, which aligns with more significant financial market changes in South Korea, seeks to increase openness and public comprehension of BOK operations. Although something akin to the Federal Reserves "dot plot" could be possible, clarity and little space for interpretation are the most important things. The BOKs present methodology, which relies on guidance at each meeting, lacks quantitative predictions nonetheless, efforts are in motion to provide growth and inflation forecasts more often. However, there are internal issues regarding potential misjudgments and market volatility, given the exper Read More..

B2B Tech News | 18 days ago          

Bank of Japan Lowers Economic Outlook, Eyes Wage Increases for Interest Rate Hikes

The Bank of Japan BOJ reaffirmed confidence in wage growth despite downgrading its economic outlook for most areas, providing flexibility for further

The Bank of Japan BOJ reaffirmed confidence in wage growth despite downgrading its economic outlook for most areas, providing flexibility for further interest rate hikes. In its quarterly report on regional economies, the BOJ mentioned expectations for a sustained pay rise, particularly among smaller businesses. This comes after notable salary increases by more prominent corporations. Companies are forced to adjust due to this ongoing wage rise, such as by raising investments. Many businesses are passing on labour expenses or are considering doing so as pay rises spread. In addition to variables like GDP and inflation projections, the BOJ will consider these regional characteristics when it conducts its following rate review. Although significant pay increases have affected previous interest rate adjustments, any rate rises may rely on how much smaller companies in regional areas follow suit. Read More..

B2B Tech News | 18 days ago          

SK Hynixs $3.87 Billion Investment Sparks AI Chip Innovation in Indiana

The secondlargest memory chip manufacturer in the world, SK Hynix, has announced a $3.87 billion investment to build an advanced packaging factory and

The secondlargest memory chip manufacturer in the world, SK Hynix, has announced a $3.87 billion investment to build an advanced packaging factory and research and development centre for AI products in Indiana, USA. A production line for high bandwidth memory HBM chips, which Nvidia supplies to train AI systems in graphics processing units, will be housed at the new site. During the second half of 2028, mass manufacturing and a packaging R&D line are expected to begin. Kwak NohJung, the CEO, highlights the facilitys contribution to strengthening the US AI chip supply chains resilience, pointing to resources like Purdue Universitys engineering faculty and government backing. With the recent mass manufacturing of HBM3E chips, primarily intended for Nvidia, a significant player in the semiconductor business, SKs $15 billion commitment to the sector is matched by this investment. Read More..

B2B Tech News | 18 days ago          



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