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Short Bets Against Nvidia Reach $34 Billion Amid Soaring Stock

Some investors are placing bets against Nvidias future trajectory as its stock continues its explosive ascent, surpassing Apple to become the second m

Some investors are placing bets against Nvidias future trajectory as its stock continues its explosive ascent, surpassing Apple to become the second most valuable business in the world. There are almost twice as many short bets on Nvidia as against Apple and Tesla combined, totalling almost $34 billion. Nevertheless, the fact that these short positions only account for 1% of Nvidias market capitalization suggests that a comparatively tiny proportion of investors doubt the companys current valuation. Even though the value of its shares has recently declined, Nvidias stock has increased 143% by 2024 due to the companys unquenchable need for highend AI chips. Microsoft is still the most valuable corporation, with a market value of $3.15 trillion Read More..

B2B Tech News | 1 months ago          

CoinDCX Launches CoinDCX Prime for HighNetWorth Crypto Investors

In response to the growing demand from highnetworth people and institutions for cryptocurrency investments, CoinDCX has launched CoinDCX Prime, a cust

In response to the growing demand from highnetworth people and institutions for cryptocurrency investments, CoinDCX has launched CoinDCX Prime, a customised package of services meant just for this customer base. CoinDCX Prime provides a tailored investing experience with a minimum investment portfolio of INR 50 Lakhs. It includes access to yieldgenerating possibilities, lowfee structures, experienced tax and legal guidance, and dedicated account managers. With CoinDCX Prime, the platforms OTC desk and VIP programme are expanded upon, addressing the increasing trend of diversifying portfolios with alternative investments such as cryptocurrency assets. Head of Strategy and Growth at CoinDCX, Minal Thukral, highlighted the platforms compliancefirst philosophy and track record of trust among retail users, establishing CoinDCX as a reliable partner for institutional investors, family offices, and HNIs. Read More..

B2B Tech News | 1 months ago          

Central Bank of Congo Mandates Exclusive Use of Francs for Electronic Payments

To strengthen the Congolese franc and lessen dependency on the US dollar, the Central Bank of the Congo BCC has ordered that all Electronic Payment Te

To strengthen the Congolese franc and lessen dependency on the US dollar, the Central Bank of the Congo BCC has ordered that all Electronic Payment Terminals EPTs in the Democratic Republic of the Congo DRC only take Congolese francs. This action aligns with the initiatives to counter dollarization and advance financial inclusion that former Finance Minister Nicolas Kazadi spearheaded. The economy is becoming increasingly dollarized because just 13% of EPTs currently take francs. The BCCs policy supports previous steps requiring pricing and state payments in the national currency. Furthermore, all bank cards will be integrated by the "switch monétique" programme, which will increase the cost of dollar transactions and encourage the usage of the franc. However, experts like economist AL Kitenge say longterm success in depolarizing the economy still depends on stability. Read More..

B2B Tech News | 1 months ago          

TCS Launches AI WisdomNext Platform for Seamless Generative AI Adoption

With TCS AI WisdomNext, Tata Consultancy Services TCS has introduced a platform to make it easier for organizations to adopt and use generative AI. Th

With TCS AI WisdomNext, Tata Consultancy Services TCS has introduced a platform to make it easier for organizations to adopt and use generative AI. The platform is a central hub that unifies big language models and generative AI services into a single interface. This helps companies to control expenses, guarantee appropriate AI practices, expedite development using readymade industry solutions, compare and assess various models, and experiment in real time. As generative AI solutions become increasingly in demand across sectors, TCS wants to assist companies in realizing the total value of their data, spurring innovation, and gaining a competitive advantage. For several clients, the platform has already demonstrated encouraging outcomes in customer experience improvement, application modernization, and sales automation. Read More..

B2B Tech News | 1 months ago          

Apple Set to Introduce New Password App at WWDC 2024

At its next WWDC 2024 event, Apple is expected to reveal a new Password app for iOS users. This software will connect with iCloud Keychain and let use

At its next WWDC 2024 event, Apple is expected to reveal a new Password app for iOS users. This software will connect with iCloud Keychain and let users manage their login credentials. The app will divide passwords into parts, including passkeys, WiFi networks, and accounts. It will also support Windows and should be compatible with iOS 18, iPadOS 18, and macOS 15. The Password app will also include password autofill functionality and encourage the usage of Touch ID or Face ID for authentication. It will also work as an authentication app akin to Google Authenticator and allow verification codes. Apple may also reveal software improvements with an AI focus at WWDC 2024, possibly in collaboration withOpenAI, with plans to introduce AI features across its products. Read More..

B2B Tech News | 1 months ago          

RBI Proposes Digital Payments Intelligence Platform to Tackle Fraud Risks

The RBI has suggested creating a Digital Payments Intelligence Platform to reduce the risk of payment fraud in India. A group headed by Shri A.P. Hota

The RBI has suggested creating a Digital Payments Intelligence Platform to reduce the risk of payment fraud in India. A group headed by Shri A.P. Hota has been tasked with reviewing the platforms execution, and it is anticipated that the committee will provide suggestions in two months. The platform will use cuttingedge technologies to improve the detection and prevention of digital payment fraud. The RBI has implemented several initiatives to preserve public trust in digital payment systems. The platform will enable realtime data exchange across all payment systems and networklevel intelligence to combat payment fraud. Read More..

B2B Tech News | 1 months ago          

Google to Shift Maps Timeline Data Storage to Local Devices by December 2024

According to a recent statement from Google, starting on December 1, 2024, Maps Timeline data storage will move from users Google accounts to local de

According to a recent statement from Google, starting on December 1, 2024, Maps Timeline data storage will move from users Google accounts to local devices. Updates to autodelete options accompany this action, which decreased Location History retention to three months. It was initially announced in December 2023. Timelines migration to smartphones removes online access even though it helps users monitor their trips and locations visited. Users are prompted to activate backups for encrypted Timeline data storage on Google servers by the upgrade, which is gradually rolled out on the Maps app. These changes come from legal scrutiny around Googles location monitoring policies. The corporation has settled with US states and nonprofits while still being sued, indicating a calculated reaction to privacy concerns. Read More..

B2B Tech News | 1 months ago          

Mistral Unveils New AI Model Customization Options for Developers and Enterprises

Mistral, a French AI firm, is introducing additional choices for customising its generative models, including subscription plans, to allow developers

Mistral, a French AI firm, is introducing additional choices for customising its generative models, including subscription plans, to allow developers and businesses to optimise them for specific use cases. Selfservice finetuning across many computing platforms is possible with MistralFinetune, an SDK designed for multiGPU configurations. With plans to support additional models in the future, Mistral also provides managed finetuning services via its API, supporting models such as Mistral Small and Mistral 7B. Custom training services allow organisations to finetune any Mistral model with their data, producing highly specialised and optimised models for specific domains. These services are presently accessible to a limited number of clients. Mistral is expanding to exploit the increasing market rivalry and the growing need for customisable AI solutions. Read More..

B2B Tech News | 1 months ago          



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Refresh Your Facts

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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5.  Approximately 8 billion gadgets connect on the internet every day.
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