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TCS to Reshape ASXs Financial Architecture in Software Overhaul

After giving up on its blockchainbased initiative, Australian stock exchange operator ASX has chosen Tata Consultancy Services TCS to redesign its cle

After giving up on its blockchainbased initiative, Australian stock exchange operator ASX has chosen Tata Consultancy Services TCS to redesign its clearing and settlement software. TCS has chosen to take a less personalised approach. This is a change from its 2017 choice, which was subsequently abandoned in 2021, to use blockchainlike technologies for its essential financial architecture. ASX will now gradually transition to TCSs software, with the redesign anticipated to be finished in 2029. Exchanges worldwide utilise TCSs software, and ASX wants to keep the new project as customised as possible. Due to the previous blockchain projects failure, the Australian Securities and Investments Commission opened an inquiry and took a sizable writedown. Read More..

B2B Tech News | 1 years ago          

AI Unleashed France, Germany, and Italy Join Forces for Mandatory SelfRegulation

In unison, France, Germany, and Italy have presented their positions on artificial intelligence AI regulation to establish "mandatory selfregulation t

In unison, France, Germany, and Italy have presented their positions on artificial intelligence AI regulation to establish "mandatory selfregulation through codes of conduct" for basic AI models that provide various outputs. Although the nations are against "untested norms," they stress that the AI Act is necessary to control the use of AI rather than the technology itself. Using best practices as a guide, developers of foundation models must provide model cards that communicate pertinent information. An AI governing agency may supervise the model card application. Although there are no consequences at this moment, a system for enforcing code of conduct infractions may be implemented in the future. Read More..

B2B Tech News | 1 years ago          

Copart Surpasses Q1 Expectations Revenue Hits $1.02 Billion

The online auto auction services supplier, Copart, reported increasing sales and profit for the first quarter, above market forecasts. For the quarter

The online auto auction services supplier, Copart, reported increasing sales and profit for the first quarter, above market forecasts. For the quarter that ended on October 31, the companys services sector, which includes car listing, bidding, shipping, and storage fees, had a noteworthy 18.3% growth in sales to $859.54 million. The total revenue for the quarter was $1.02 billion, beyond the $990.7 million average expectation of analysts. Coparts quarterly earnings of 34 cents per share were higher than analysts predicted 33 cents per share. The companys service divisions expansion, bolstered by underlying expansion in the insurance sector, is credited with its success. Read More..

B2B Tech News | 1 years ago          

Cryptocurrency Turbulence Bitcoin Slides Around 5% to $36,007

The recent drops in Ethereum to $1,959.8 and Bitcoin to $36,007, respectively, might impact companies operating in or affected by the cryptocurrency m

The recent drops in Ethereum to $1,959.8 and Bitcoin to $36,007, respectively, might impact companies operating in or affected by the cryptocurrency market. The cryptocurrency markets volatility may affect the financial standing of firms that own cryptocurrency assets by affecting the valuation of their portfolios. Businesses that use cryptocurrencies for payments or other activities may see changes in their assets value, which might impact their earnings. Furthermore, the general mood in the cryptocurrency market might affect investor confidence and tactics, which can affect companies involved in blockchain technology development, initial coin offerings ICOs, or initiatives connected to cryptocurrencies. Read More..

B2B Tech News | 1 years ago          

Healthcare Independence 3Ms Spinoff Unveils Itself as Solventum

American manufacturing giant 3M has said that Solventum will be the name of its autonomous healthcare venture after a separation. 3M said last year th

American manufacturing giant 3M has said that Solventum will be the name of its autonomous healthcare venture after a separation. 3M said last year that it would spin off its healthcare division into a different publicly traded company, albeit it would still own a 19.9% share. The action was taken amid legal disputes over purportedly faulty earplugs worn by service personnel. In 2022, the healthcare segment, which specialises in wound care, dental care, and healthcare technologies, reported revenues of about $8.4 billion. Bryan Hanson will lead the healthcare spinoff, expected to be finished in the first part of 2024. Read More..

B2B Tech News | 1 years ago          

Adani Faces Renewed Investigation Over Alleged Coal Import Overvaluation

Regarding the purported overvaluation of coal imports, Indian officials are attempting to resume their investigation into the Adani Group. Since 2016,

Regarding the purported overvaluation of coal imports, Indian officials are attempting to resume their investigation into the Adani Group. Since 2016, the Directorate of Revenue Intelligence has been trying to get transaction papers. The agency believes that Adanis coal shipments from Indonesian suppliers were invoiced to its Singaporean subsidiary, Adani Global Pte, at a premium price before being sent to its Indian arms. Adani has used legal arguments to prevent the release of papers from Singapore successfully. The Revenue Intelligence agency is attempting to overturn a previous court ruling that permitted Adani to obstruct the gathering of evidence from Singapore. Adani refutes any misconduct. Read More..

B2B Tech News | 1 years ago          

Beyond Music Spotify Teams Up with Google Cloud to Power Intelligent Podcast Picks

Spotify and Google Cloud use Large Language Models LLMs to improve user suggestions for podcasts and audiobooks. Artificial intelligence is used by LL

Spotify and Google Cloud use Large Language Models LLMs to improve user suggestions for podcasts and audiobooks. Artificial intelligence is used by LLMs, such as Googles PaLM 2, Codey, Imagen, and Chirp, to analyse massive volumes of data to produce text, pictures, audio, and video output. As a leader in AIpowered music recommendations, Spotify wants to include this feature in its nonmusic content offerings. The collaboration also looks at using LLMs to improve content safety protocols by spotting potentially dangerous content. This action aligns with Spotifys plan to profit from revenuegenerating formats such as audiobooks and podcasts. Read More..

B2B Tech News | 1 years ago          

Driving the Future China’s Intelligent Connected Vehicles ICVs Hit the Road for Trials

The Ministry of Industry and Information Technology of China has declared that specific municipal regions would allow intelligent connected cars ICVs

The Ministry of Industry and Information Technology of China has declared that specific municipal regions would allow intelligent connected cars ICVs for road testing. China, the worlds biggest auto market, has prioritized ICVs as part of its longterm strategic objectives to dominate the developing market. The approved experiments pertain to autonomy levels 3 and 4 in Chinas autonomous driving categorization scheme. This action demonstrates Chinas dedication to promoting improvements in connected and autonomous vehicle technology, in line with international trends and achievements in the automotive industry. Read More..

B2B Tech News | 1 years 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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