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Broadcom Jumps 15% on Raised AI Chip Revenue Forecast, Stock Split Announcement

Following Nvidias successful strategy, Broadcom announced a 10for1 stock split on Thursday. It increased its annual sales projection for AIrelated chi

Following Nvidias successful strategy, Broadcom announced a 10for1 stock split on Thursday. It increased its annual sales projection for AIrelated chips to $11 billion. This caused Broadcoms shares to rise by 15% on the news. This increase highlights the growing need for semiconductor technologies that enable artificial intelligence applications. The companys software sector, which profited from the VMware purchase and contributed $2.7 billion to secondquarter revenue, further supported its strong performance. Analysts point out Broadcom has a strategic edge in leveraging the growing generative AI investments, mainly because of its alliances with significant hyperscalers like Google and Meta Platforms. The favourable reaction from the market highlights Broadcoms critical position in the semiconductor industrys transition to AIdriven technologies. Read More..

B2B Tech News | 1 months ago          

Adobe Raises Fiscal 2024 Revenue Forecast on Strong AI Tool Demand

After estimating sales between $21.30 billion and $21.50 billion for the fiscal year 2024, Adobe ADBE.O increased that estimate to between $21.40 bill

After estimating sales between $21.30 billion and $21.50 billion for the fiscal year 2024, Adobe ADBE.O increased that estimate to between $21.40 billion and $21.50 billion. This change comes after a spike in demand, especially from companies and consumers amid indications of economic stabilisation, for its AIpowered editing products like Premiere Pro and Photoshop. The companys competitive advantage against rivals like OpenAI and Stability AI has been reinforced by its strategic integration of AI, which includes ambitions to integrate AI picture production into Photoshop through its Firefly tool. Additionally, Adobe increased its guidance for fullyear adjusted earnings per share to $18.00$18.20 from $17.60$18.00, citing robust performance in digital media and surpassing secondquarter sales projections of $5.31 billion with $3.91 billion in digital media revenue. Read More..

B2B Tech News | 1 months ago          

ByteDance Initiates Workforce Downsizing in Indonesia PostTokopedia Acquisition

The company that controls TikTok, ByteDance, is reducing the number of employees in Indonesia after purchasing the bulk of Tokopedia from the GoTo gro

The company that controls TikTok, ByteDance, is reducing the number of employees in Indonesia after purchasing the bulk of Tokopedia from the GoTo group. Although the number of job losses has not been disclosed, sources indicate that about 450 roles might be impacted. Speaking on behalf of ByteDance, Nuraini Razak said that the reorganisation intends to simplify operations once TikTok and Tokopedia are integrated. This action is in response to Indonesian laws forbidding social media companies from operating freely in ecommerce. These laws have previously impacted ByteDances ecommerce endeavours within the nation. As it aligns teams to improve organisational efficiency and harmony, ByteDance plans to help Tokopedias staff during this transition. Tokopedia is still a significant participant in Southeast Asias ecommerce market. Read More..

B2B Tech News | 1 months ago          

Yahoo Integrates AI Summaries into Yahoo News App, Revamping User Experience

To modernise its services, Yahoo is extending its AIdriven upgrades with new capabilities for Yahoo Mail and Yahoo News. With the recent integration o

To modernise its services, Yahoo is extending its AIdriven upgrades with new capabilities for Yahoo Mail and Yahoo News. With the recent integration of AI from its acquisition of Artefact, Yahoo News now provides summaries driven by AI, much to its Gmailinspired capabilities in Yahoo Mail. These upgrades are part of Yahoos plan to modernise its online services, including utilising collaborations like OpenAI to boost mobile apps. Although AI summaries are still being tested in smallscale trials inside Yahoo News online experience, the business aims to give readers effective choices for consuming news. Yahoos action demonstrates its dedication to using AI to improve user interaction and draw more users to its platforms. Read More..

B2B Tech News | 1 months ago          

LinkedIn Unveils AIEnhanced Job Application Tools for Seamless Career Advancement

To improve user experience, LinkedIn is incorporating several new AIpowered capabilities, particularly in job searches and applications, learning pers

To improve user experience, LinkedIn is incorporating several new AIpowered capabilities, particularly in job searches and applications, learning personalisation, and search functions. Some technologies include personalised learning materials, AIgenerated job application materials, and enhanced search capabilities with conversational prompts. Tomer Cohen, Head of Product at LinkedIn, noted that artificial intelligence AI has been a significant feature of the companys services since 2007 and that critical new advancements have used OpenAI technology. Being a part of Microsoft gives LinkedIn access to significant AI resources, which lets them concentrate on valuable products for users. To improve professional interactions and learning on the site, further new features include enhanced tools for recruiters and marketers and AIpowered expert guidance for Premium customers. Read More..

B2B Tech News | 1 months ago          

Tata Elxsi and Red Hat Partner to Boost 5G MultiCloud Applications for Telcos

Together, Tata Elxsi and Red Hat are leveraging Tata Elxsis Neuron automation platform and Red Hats OpenShift container platform to improve 5G multicl

Together, Tata Elxsi and Red Hat are leveraging Tata Elxsis Neuron automation platform and Red Hats OpenShift container platform to improve 5G multicloud applications for Telcos and MVNOs. This partnership will enable smooth modernization, 5G application deployment, and cloud automation. Additionally, they will collaborate on the 5G Connected Car project, introducing edge analytics and invehicle data processing by combining Red Hats InVehicle OS with Tata Elxsis CVP Platform. Tata Elxsi will assist international operators in monetizing networks through cuttingedge applications in the automotive, healthcare, and other industries by utilizing its competence in connected car technology and 5G network architecture. Vivek Tiwari underlined their dedication to using cloudification, AI/MlOps, and endtoend automation to advance Telco 5G. Read More..

B2B Tech News | 1 months ago          

Moneyview Partners with Truecaller for Enhanced Customer Safety

Moneyview and Truecaller have used Truecallers Verified Business Caller ID service to improve business interactions and increase consumer safety. This

Moneyview and Truecaller have used Truecallers Verified Business Caller ID service to improve business interactions and increase consumer safety. This partnership aims to solve the problem of 70% of calls being either missed or declined because of mistrust. Moneyview increases user trust and communication effectiveness by using Truecallers solution to ensure its calls are recognised by adding brand features like name, logo, and verification check. Call Reason and Business Profile are two features that provide users more trust by providing context for conversations and sharing accurate business information. Priyam Bose from Truecaller emphasised the value of trust in communication. In contrast, Manoj Kumar Dronadula from Moneyview emphasised their dedication to consumer safety. This relationship demonstrates their commitment to revolutionising consumer communication in the banking industry. Read More..

B2B Tech News | 1 months ago          

Seclore Unveils Professional Services in India to Enhance Data Security

Seclore, a leading datacentric security solutions provider, has launched its new Professional Services solution in India. This offering aims to enhanc

Seclore, a leading datacentric security solutions provider, has launched its new Professional Services solution in India. This offering aims to enhance flexibility in protecting critical data for customers and partners. Seclore Professional Services provides robust training, onboarding, custom integrations, and expert consulting, maximizing business value and securing digital assets. As enterprises increasingly rely on both onprem and cloud environments and frequently share missioncritical data beyond their networks, Seclore’s new service ensures seamless data protection. The offering includes prebuilt connectors, custom integrations for hybrid and multicloud environments, and comprehensive services like datasecurity strategy, risk scoring, gap analysis, and cloud migration, enabling businesses to meet their security needs efficiently. Read More..

B2B Tech News | 1 months ago          



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