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Banco do Brasil Reports 8.3% Rise in Q3 Profit, Surpassing Analysts Expectations

Beyond analysts forecasts, Banco do Brasil recorded an 8.3% growth in adjusted net profit for the third quarter, hitting 9.5 billion reais $1.6 billio

Beyond analysts forecasts, Banco do Brasil recorded an 8.3% growth in adjusted net profit for the third quarter, hitting 9.5 billion reais $1.6 billion. The bank increased its loanloss provisions forecast to 3437 billion reais for the year, up from 3134 billion, and its delinquency ratio increased to 3.3% despite this. Administrative costs were reduced and are now anticipated to grow by 5%–7% rather than 6%–10%. The return on equity of the bank decreased somewhat to 21.1%. Read More..

B2B Tech News | 1 months ago          

Taiwans Central Bank Governor Doubts U.S. Penalties, Cites Islands Key Role in Semiconductor Industry

Given Taiwans vital role in the semiconductor industry, Yang Chinlong, the central bank governor, said he was sceptical that the United States would p

Given Taiwans vital role in the semiconductor industry, Yang Chinlong, the central bank governor, said he was sceptical that the United States would punish the island. He stressed that it is unlikely that the supply chain will be disrupted because Taiwans chips and tech products are essential to U.S. demands. Yang also mentioned TSMCs significant investment in American manufacturing to rectify the trade imbalance and Taiwans trade surplus with the United States, expected to hit $50 billion this year. Despite this, he recognised that U.S. tariffs on Taiwans exports could pose economic dangers. Read More..

B2B Tech News | 1 months ago          

Google Expands AI Flood Forecasting to 100 Countries, Reaching 700 Million People

With a population of 700 million, Google has extended its AIpowered flood forecasting system to 100 nations. New model architectures, enhanced data la

With a population of 700 million, Google has extended its AIpowered flood forecasting system to 100 nations. New model architectures, enhanced data labelling, and a forecasting model that powers its Flood Hub system made this development possible. Floods may now be more accurately predicted by the system up to seven days ahead. To improve flood prediction and disaster management for partners and public agencies worldwide, Google makes its forecasts available to academics through datasets and a new API. Read More..

B2B Tech News | 1 months ago          

Qualcomm Unveils Snapdragon 8 Elite Chip with Enhanced OnDevice AI and Oryon CPU Cores

The Snapdragon 8 Elite processor, which Qualcomm just released, has significant enhancements, including enhanced Oryon CPU cores and ondevice AI capab

The Snapdragon 8 Elite processor, which Qualcomm just released, has significant enhancements, including enhanced Oryon CPU cores and ondevice AI capabilities. According to rumours, the next Snapdragon 8 Elite 2 will outperform its predecessor by 20% in both singlecore and multicore testing, with the ability to score close to 4,000 points on Geekbench 6 singlecore tests. It was initially intended to employ both Samsungs and TSMCs cuttingedge nodes. Still, it is currently anticipated that TSMCs 3nm process would be used entirely for manufacturing, carrying on the tradition of highperformance mobile CPUs for flagship smartphones. Read More..

B2B Tech News | 1 months ago          

BSNL & Viasat Unveil India’s First SatelliteBased DirecttoDevice Connectivity Service

Bharat Sanchar Nigam Limited BSNL and Viasat introduced the first directtodevice satellite communication service in India to deliver seamless coverage

Bharat Sanchar Nigam Limited BSNL and Viasat introduced the first directtodevice satellite communication service in India to deliver seamless coverage in rural locations. When standard cellular or WiFi networks are unavailable, customers may utilise the service, which was announced during the Indian Mobile Congress 2024, to send SoS messages, make emergency calls, and even process UPI payments. The method uses geostationary satellites to communicate in both directions. How consumers may use this service still needs to be determined, and whether it is covered by the plans already in place. Read More..

B2B Tech News | 1 months ago          

Chinese Hackers Infiltrate U.S. Telecom Firms, Intercept Sensitive Surveillance Data

According to U.S. authorities, Chinese hackers gained access to several telecom firms and intercepted surveillance data meant for law enforcement. The

According to U.S. authorities, Chinese hackers gained access to several telecom firms and intercepted surveillance data meant for law enforcement. The hackers accessed communications, call logs, and private data about legitimate requests to monitor people engaged in political or governmental activity in the United States. The security of Americas telecommunications infrastructure is called into question by this incident. The Cyber Safety Review Board of the Department of Homeland Security will look at the event. Beijing has continuously refuted claims that it is engaging in cyber espionage against the United States. Read More..

B2B Tech News | 1 months ago          

Indosat and GoTo Unveil "SahabatAI" to Pioneer IndonesiaFocused AI Language Models

Indosat Ooredoo Hutchison and GoTo Gojek Tokopedia have collaborated to create "SahabatAI," an extensive language model ecosystem powered by AI focusi

Indosat Ooredoo Hutchison and GoTo Gojek Tokopedia have collaborated to create "SahabatAI," an extensive language model ecosystem powered by AI focusing on Indonesian languages and regional dialects. The goal of this project is to advance the creation of AI services that are adapted to Indonesias cultural setting. The initiative, backed by Tech Mahindra and AI Singapore, trains models using the NeMo framework and Nvidias AI Enterprise software. To improve contextual awareness, SahabatAI will first use models with 8 to 9 billion parameters, plus input from nearby institutions and the media. This action draws in international tech behemoths like Microsoft and showcases Indonesias growing AI industry. Read More..

B2B Tech News | 1 months ago          

Samsung Shares Hit FourYear Low Amid U.S. Tariff Concerns and AI Chip Production Lag

Fears of possible U.S. tariffs under a future Trump government and Samsung Electronics output lagging behind rivals in AI chips caused the companys st

Fears of possible U.S. tariffs under a future Trump government and Samsung Electronics output lagging behind rivals in AI chips caused the companys stock to drop to its lowest level in more than four years. Because it relies on Chinese consumers, the company is more vulnerable to tariff effects, and there are worries that Chinese competitors may undercut Korean semiconductor companies. Over the year, Nvidia has increased 199%, Samsungs shares have decreased 34%, and rival SK Hynix has up 32%. Read More..

B2B Tech News | 1 months ago          



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