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eBay Beats Market Expectations with Strong Quarterly Revenue and Profit

eBays quarterly sales and earnings are above market estimates, driven by strong Christmas season consumer spending and the companys dominance in essen

eBays quarterly sales and earnings are above market estimates, driven by strong Christmas season consumer spending and the companys dominance in essential areas such as auto parts and reconditioned items. Analyst projections for the companys $2.56 billion in revenue were surpassed. At the same time, its adjusted profit per share of $1.07 topped the predicted $1.03 per share. CEO Jamie Iannone pointed out areas for improvement in the UK and Germany despite this accomplishment, with the latter seeing negative growth in ecommerce. eBay has exceeded analyst expectations by predicting firstquarter sales in the $2.50 billion to $2.54 billion range and adjusted earnings per share between $1.19 and $1.23. In extended trading, the companys shares increased by almost 4%, indicating confidence among investors. Read More..

B2B Tech News | 1 months ago          

LoanDepot Confirms Ransomware Attack Compromising Data of Nearly 17 Million Customers

The massive lending and mortgage company LoanDepot has acknowledged that a ransomware assault in January resulted in the theft of sensitive personal d

The massive lending and mortgage company LoanDepot has acknowledged that a ransomware assault in January resulted in the theft of sensitive personal data from about 17 million clients. Names, dates of birth, phone numbers, email addresses, postal addresses, financial account numbers, and Social Security numbers are all included in the stolen data. The breach report issued by Maines attorney generals office specified the data exposed after it was first revealed to affect 16.6 million consumers. The intrusion, which happened somewhere around January 4, damaged client access to accounts and encrypted data. The attack is predicted to cost LoanDepot between $12 and $17 million in lost revenue during its fiscal first quarter. This incident underscores rising cybersecurity worries in the banking industry, highlighted by previous breaches targeting mortgage and lending institutions in recent months. Read More..

B2B Tech News | 1 months ago          

Sage Announces Launch of Sage Copilot, AIPowered Assistant for Small Businesses

The British software business Sage has announced that it will release Sage Copilot, an assistant driven by generative AI, in April. The goal of this a

The British software business Sage has announced that it will release Sage Copilot, an assistant driven by generative AI, in April. The goal of this assistant is to automate repetitive processes for small company clients, such as creating invoices and handling pastdue bills. CEO Steve Hare clarified that Sage Copilot will use public sources and consumer data to verify reliability. The technology will work with Sages payroll, HR, and accounting applications. Sage prioritised the security and privacy of consumer data within its network and worked with digital behemoths like Microsoft and Amazon to build the technology. Hare underlined the importance of giving clients helpful answers to daily problems. Over the past year, Sages shares have increased significantly by 60%, indicating optimism about the companys future. Read More..

B2B Tech News | 1 months ago          

HCLTech Expands Collaboration with Intel Foundry to Develop Custom Silicon Solutions

To improve foundry services, HCLTech and Intel Foundry are extending their partnership to codevelop bespoke silicon solutions for OEMs, cloud service

To improve foundry services, HCLTech and Intel Foundry are extending their partnership to codevelop bespoke silicon solutions for OEMs, cloud service providers, and semiconductor makers. This alliance aims to create a robust and diverse supply chain by fusing Intel Foundrys cuttingedge technology and production capabilities with HCLTechs design experience. The objective of offering a solid semiconductor sourcing ecosystem is to satisfy the rising demand for semiconductor production worldwide. This alliance, which has been going strong for over 30 years, is a testament to its dedication to innovation and quality, giving clients more options and flexibility when obtaining semiconductors. Both businesses want to promote an open ecosystem that helps customers looking for cuttingedge silicon solutions. Read More..

B2B Tech News | 1 months ago          

Meta CEO Mark Zuckerberg Visits South Korea for Talks on Artificial Intelligence

Mark Zuckerberg, CEO of Meta, travelled to South Korea to meet with industry leaders and discuss artificial intelligence with President Yoon Suk Yeol.

Mark Zuckerberg, CEO of Meta, travelled to South Korea to meet with industry leaders and discuss artificial intelligence with President Yoon Suk Yeol. This visit is a part of Zuckerbergs Asian tour, during which he will concentrate on stepping up Metas AI initiatives, such as developing unique chip designs and incorporating AI into products. He is scheduled to meet with LG Electronics and Samsung Electronics Chairman Jay Y. Lee executives. Discussions are expected to cover AI chip supply and expanding ecosystems for generative AI, aligning with Metas goal of integrating generative AI into social media and hardware devices. This visit marks Zuckerbergs first known trip to South Korea in a decade. Read More..

B2B Tech News | 1 months ago          

OpenAI Requests Dismissal of Portions of New York Times Copyright Lawsuit

OpenAI has asked a federal judge to throw out parts of the New York Times copyright complaint because the publication "hacked" its chatbot ChatGPT and

OpenAI has asked a federal judge to throw out parts of the New York Times copyright complaint because the publication "hacked" its chatbot ChatGPT and other AI systems to create fake evidence. OpenAI claims that the Times violated terms of service by manipulating its systems through misleading prompts it denies any violation of antihacking legislation but charges the Times with deploying a "hired gun" to carry out the manipulation. The Times disputes these allegations, saying it only employed OpenAIs technologies to find proof of copyright violations. The case launched against Microsoft and OpenAI in December claims that millions of articles were improperly used for chatbot training. This case highlights the current discussion over fair use under copyright laws and AI training. Read More..

B2B Tech News | 1 months ago          

WTO Ministerial Conference Commences in Abu Dhabi Amid Global Instability

Amidst postpandemic global volatility, the World Trade Organisation WTO ministerial conference got underway in Abu Dhabi with a focus on pressing prob

Amidst postpandemic global volatility, the World Trade Organisation WTO ministerial conference got underway in Abu Dhabi with a focus on pressing problems, including reducing subsidies for fisheries and imposing digital taxes. Director Ngozi OkonjoIweala emphasised the difficulties ahead, pointing to global geopolitical pressures and conflicts, particularly those in Africa and the Middle East. WTO General Council Chairperson Athaliah Lesiba emphasised the urgency of taking joint action in the face of geopolitical tensions and economic uncertainty. Conflicts had an impact, aggravating global issues with increased costs and transportation delays. The outcome of the conference and the elections, which will take place in over 50 countries this year, will significantly impact the global economy and the WTOs trajectory. Thus, proactive and cooperative measures are required. In the UAE, the biannual conference ends on February 29. Read More..

B2B Tech News | 1 months ago          

U.S. Places Canadas Sandvine Inc on Trade Restriction List Over Alleged Human Rights Violations

The Canadian company Sandvine Inc. was added to the U.S. trade restriction list on Monday for allegedly helping the Egyptian government target politic

The Canadian company Sandvine Inc. was added to the U.S. trade restriction list on Monday for allegedly helping the Egyptian government target politicians and human rights activists. Restrictions prevent Sandvine, wellknown for its "deep packet inspection technology," from acquiring products and technology from American businesses. Furthermore, Chengdu Beizhan Electronics, a Chinese company connected to Chinas nuclear weapons programme, was listed for unlawfully purchasing goods of American provenance for the University of Electronic Science and Technology. The Department of Commerce pledges to stop American technology from facilitating destabilising actions. The export control list includes Sandvine, a company headquartered in Waterloo, Ontario, and its international operations. Requests for comment from Sandvine and the appropriate authorities were answered after some time. 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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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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