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Singapores Economy Surges 2.7% in Q1 2024, Beating Forecasts

In Q12024, Singapores GDP grew 2.7% year over year, the most substantial growth in eighteen months, matching preliminary estimates and outpacing proje

In Q12024, Singapores GDP grew 2.7% year over year, the most substantial growth in eighteen months, matching preliminary estimates and outpacing projections by experts. MASs Edward Robinson reaffirmed that the existing monetary policy settings, intended to limit import inflation and local costs, are adequate. In April, core inflation was constant at 3.1%, with a forecast modest decline by Q4. The manufacturing and trade sectors would gradually improve, with GDP growth prospects remaining between 1.0% to 3.0%. In the wake of geopolitical unrest, uncertain global financial markets, and leadership changes—Lawrence Wong took over as Singapores PM recently—nonoil exports confront difficulties. Read More..

B2B Tech News | 27 days ago          

TSMC Forecasts 10% Annual Revenue Growth Fueled by AI Opportunities

Leading participant in the semiconductor market, TSMC expects 10% yearly sales growth, excluding memory chips, fueled by the expanding AI market. At a

Leading participant in the semiconductor market, TSMC expects 10% yearly sales growth, excluding memory chips, fueled by the expanding AI market. At a Hsinchu event, senior vice president Cliff Hou highlighted this tendency. Even if it reduced its forecast back in April, TSMC is nevertheless upbeat about the state of affairs right now. According to World Semiconductor Trade Statistics, the worldwide semiconductor market is expected to increase by 13.1% by 2024. TSMC anticipates a significant revenue surge during the second quarter, driven by the increasing need for chips in artificial intelligence applications. Nvidias latest prediction of quarterly solid sales and a stock split highlights investor confidence and industry optimism even further. Read More..

B2B Tech News | 27 days ago          

Kyndryl and NVIDIA Partner to Accelerate AI Adoption Across Industries

Kyndryl and NVIDIA have partnered to hasten the corporate adoption of AIpowered solutions. Using NVIDIAs accelerated processing and software, Kyndryls

Kyndryl and NVIDIA have partnered to hasten the corporate adoption of AIpowered solutions. Using NVIDIAs accelerated processing and software, Kyndryls AIdriven platform, Kyndryl Bridge, will enable the whole lifecycle of AI development and deployment. Kyndryl will help clients efficiently test, implement, and scale generative AI solutions across a range of sectors using its experience and NVIDIA technology. Kyndryl incorporates NVIDIAs NeMo platform with NIM inference microservices to handle typical industrial use cases and issues, including realtime analytics and IT operations automation. This partnership aims to improve productivity, accelerate uptake, and generate value for clients looking to incorporate AI into their processes. Read More..

B2B Tech News | 27 days ago          

AWS Partners with Hugging Face to Optimize AI Model Deployment on Inferentia2 Chips

Hugging Face, an AI company, and Amazon Web Services AWS have partnered to expedite the implementation of AI models using AWS proprietary computer chi

Hugging Face, an AI company, and Amazon Web Services AWS have partnered to expedite the implementation of AI models using AWS proprietary computer chips known as Inferentia2. AI developers may access and alter opensource AI models with Hugging Face. By working together, we aim to improve the efficiency and affordability of running AI models on AWS, meeting the demands of developers who want to integrate modified models into software applications. AWS offers Inferentia2 as a strong option for conducting inference at scale by highlighting the financial benefits of their processors for inference workloads in contrast to Nvidias hegemony in model training. Read More..

B2B Tech News | 27 days ago          

Dell Technologies Unveils AI Factory to Provide Comprehensive AI Solutions Across Devices, Data Centers, and Cloud

To offer the most extensive AI portfolio—from devices to data centres and cloud—Dell Technologies established the Dell AI Factory. This portfolio

To offer the most extensive AI portfolio—from devices to data centres and cloud—Dell Technologies established the Dell AI Factory. This portfolio may be purchased conventionally or through a subscription to Dell APEX. This effort provides infrastructure built for the speed and scale of AI to support advanced AI applications. Essential products include PowerScale F910, an improved storage solution, AI PCs with Snapdragon CPUs, and PowerSwitch Z9864FON, a robust networking solution. Additionally, Dell provides enhanced AI professional services and works with Hugging Face and Meta to implement AI models onpremises. With integrated Dell and NVIDIA solutions, Jeff Clarke, COO of Dell, aims to accelerate AI adoption and enhance business outcomes. He highlights the significance of purposebuilt IT infrastructure in fulfilling AI demands. Read More..

B2B Tech News | 27 days ago          

Tata Communications and Cisco Launch Webex Calling by Tata Communications in India

In India, Webex Calling with Cloud Public Switched Telephone Network PSTN has been introduced by Tata Communications and Cisco under "Webex Calling by

In India, Webex Calling with Cloud Public Switched Telephone Network PSTN has been introduced by Tata Communications and Cisco under "Webex Calling by Tata Communications." With this service, businesses in India may use a fully cloudbased business phone system that combines Webex Calling from Cisco with the GlobalRapide platform from Tata Communications. Through a globally accessible cloud platform with customisable deployment choices, centralised management, and AIpowered collaboration capabilities, Webex Calling provides enterprisegrade calling services. This integration allows businesses to collaborate and interact more efficiently, guaranteeing dependable, secure, and easy communication. President of Cisco India & SAARC Daisy Chittilapilly emphasised the advantages of hybrid work environments. In contrast, Tata Communications Arijit Bonnerjee emphasised the partnerships milestone of improving digital communication for Indian national and international businesses. Read More..

B2B Tech News | 27 days ago          

Ericsson India Launches 5G Standalone Network Toolkit to Boost Premium Services

A software toolset designed to improve 5G standalone networks and provide differentiated connectivity and premium services has been launched by Ericss

A software toolset designed to improve 5G standalone networks and provide differentiated connectivity and premium services has been launched by Ericsson India. This toolset meets the increasing need for highperformance applications such as live streaming, video conferencing, mobile cloud gaming, and following XR technologies. Nitin Bansal, Managing Director of Ericsson India, emphasised the tremendous potential that 5G presents for operators. The toolkit aims to provide highperformance, ondemand network connection, which aligns with Ericssons platform concept for networks. Through collaborations with leading technical institutes and expanded R&D activities, Ericsson is driving innovation. AI and computing technologies are the focus of collaborations with IIT Kharagpur, the Indian Statistical Institute, and IIT Madras. The goal is to produce reliable AI models for future AInative 6G networks and promote sustainable and verifiable cyberphysical systems. Read More..

B2B Tech News | 27 days ago          

Xpeng Surges on Robust Revenue from Volkswagen Partnership, SelfDriving Tech Progress

Propelled by solid revenue growth from research and development services offered to Volkswagen and hopeful statements on its selfdriving technology br

Propelled by solid revenue growth from research and development services offered to Volkswagen and hopeful statements on its selfdriving technology breakthrough, shares of Chinese electric car maker Xpeng soared on Wednesday. In the first quarter, Xpengs income from services almost quadrupled to 1 billion yuan $138 million, primarily due to the companys extended relationship with Volkswagen to develop electric vehicle design. With the increase in service revenue, Xpengs gross margin increased to 12.9%, which was a notable gain over the prior year. Xpeng, showcasing its expertise in intelligent electric vehicles, plans to attain "level four" autonomous driving competence by the end of the following year. Still, it recognises that hardware improvements and regulatory compliance are necessary. The good news continued to pour in as the companys shares shot up 13% in afternoon trade. Read More..

B2B Tech News | 1 months 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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