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ASML Achieves "First Light" Milestone with High NA EUV Lithography System

At the SPIE lithography conference, Ann Kelleher of Intel stated that ASML had confirmed the successful "first light" during testing, marking a key mi

At the SPIE lithography conference, Ann Kelleher of Intel stated that ASML had confirmed the successful "first light" during testing, marking a key milestone with their new High NA EUV lithography equipment. Even if the instrument isnt functioning to its full potential, this accomplishment represents a significant advancement. Known for their enormous size and high cost, ASMLs High NA EUV tools are expected to propel improvements in chip fabrication, allowing quicker and smaller circuits. One instrument is being assembled at an Intel plant in Oregon. At the same time, the other is housed in the ASML laboratory in the Netherlands. Shortly after, chipmakers such as TSMC, Samsung, and Intel wanted to implement this technology Intel intends to use it for its 14A CPUs. Read More..

B2B Tech News | 2 years ago          

Meta Platforms to Launch Llama 3 AI Language Model Upgrade in July

The most recent iteration of Meta Platforms artificial intelligence language model, Llama 3, is scheduled for release in July. The update aims to impr

The most recent iteration of Meta Platforms artificial intelligence language model, Llama 3, is scheduled for release in July. The update aims to improve the models capacity to reply to users controversial questions. Researchers studying metaresearch are attempting to increase the models flexibility so that it may offer background data on contentious issues. This project coincides with Googles announcement that it pauses the imagegeneration function on its Gemini AI because of errors in older photos. While Llama 2, Metas existing model, avoids answering some delicate inquiries, Llama 3 is supposed to comprehend and reply suitably to a wider variety of concerns. Meta also intends to designate an internal overseer for safety and tone training to improve the models reactions. Read More..

B2B Tech News | 2 years ago          

Toyota Reports 7% Increase in Global Vehicle Production in January

Toyota Motor announced a 7% increase in worldwide car production in January, bringing the total to 740,332 units produced yearly for the 13th time. Th

Toyota Motor announced a 7% increase in worldwide car production in January, bringing the total to 740,332 units produced yearly for the 13th time. The spike was driven by strong U.S. demand, resulting in a 23% increase in U.S. sales and a 2% increase in European sales. On the other hand, domestic sales in Japan dropped sharply by 14%. Even though sales in China increased by 39%, the Chinese New Year calendar adjustments contributed to this, and the Chinese market became more competitive. Notably, gasolineelectric hybrids accounted for roughly twofifths of Toyotas January sales, demonstrating the automakers dedication to environmentally friendly car alternatives. Read More..

B2B Tech News | 2 years ago          

OCBC Expects Decline in 2024 Net Interest Margin Amidst Weakened Insurance Income

After reporting a 12% net profit jump in the fourth quarter, Singapores OverseaChinese Banking Corp OCBC predicts a reduction in 2024s Net Interest Ma

After reporting a 12% net profit jump in the fourth quarter, Singapores OverseaChinese Banking Corp OCBC predicts a reduction in 2024s Net Interest Margin NIM due to weaker insurance income. Concerns about a global downturn have CEO Helen Wong predicted a problematic 2024 and aimed for an NIM range of 2.20% to 2.25%, down from 2.28% in 2023. While low singledigit loan growth is anticipated, Return on Equity ROE is predicted to be between 13% and 14%. 20 to 25 basis points will be the expected cost of credit, up from 20 bps in 2023. Despite a jump in fourthquarter net profit to S$1.62 billion, OCBCs shares fell 2.5% following the earnings release. Read More..

B2B Tech News | 2 years ago          

Global Firms Expanding Presence in India, Setting Up More Offices and GCCs

At a Nasscom event, executives stressed that the increasing number of international businesses opening Global Competence Centres GCCs, or offices, in

At a Nasscom event, executives stressed that the increasing number of international businesses opening Global Competence Centres GCCs, or offices, in India did not indicate the demise of outsourcingdependent Indian IT enterprises. With 118 new GCCs in the last two years, for a total of over 1,620, prominent figures in the sector, like Ananth Chandramouli of Capgemini and Satish HC of Infosys, emphasised the potential for cooperation. Chandramouli observed that the GCCs were becoming revenue centres. At the same time, Satish HC emphasised Infosys flexible strategy regardless of the clients choice between expanding captives or entering into BOT agreements. Attendees such as Anuj Kadyan of McKinsey and Sindhu Gangadharan of SAP Labs India argued that both models could survive despite worries about the possible impact on income. They cited the large amount of tech investment that GCCs and IT players had access to. Read More..

B2B Tech News | 2 years ago          

Glean Raises $200 Million in Funding, Valuation Jumps to $2.2 Billion.

With the completion of its most recent investment round, Glean, an AIdriven firm that helps businesses with knowledge base searches, has raised its va

With the completion of its most recent investment round, Glean, an AIdriven firm that helps businesses with knowledge base searches, has raised its valuation to $2.2 billion. The investment, coled by Lightspeed Venture Partners and Kleiner Perkins, demonstrates the strong investor interest in AIpowered solutions. CEO Arvind Jain wants to grow the workforce to include 700 people this year. Glean, founded in 2019 by former Google search engineers, integrates databases and applications to provide search and knowledge management solutions for businesses. Glean creates individualised summaries and responses based on internal knowledge graphs by leveraging conversational AI assistants and big language models, such as OpenAIs GPT. Gleans expansion highlights its marketability with clients like Sony Electronics and Databricks and doubled yearly recurring income. Read More..

B2B Tech News | 2 years ago          

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 | 2 years 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 | 2 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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