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FICOs Outstanding Q4 Performance Sparks Profit Surge

The robust success of Fair Isaac, or FICO, scoring and software divisions was the main driver of the companys greater earnings during the fourth quart

The robust success of Fair Isaac, or FICO, scoring and software divisions was the main driver of the companys greater earnings during the fourth quarter. Financial organisations utilise the FICO Score, which is wellknown, to determine the risk of consumer credit. The companys software section, which offers analytics and data technology to organisations, recorded an 11% sales gain this quarter, while the scoring division saw a 12% revenue increase. With total revenue of $389.7 million, the firm declared a net income of $101.4 million, or $4.01 per share, as opposed to $90.7 million, or $3.55 per share, in the same quarter last year. Read More..

B2B Tech News | 1 years ago          

Viasat Surpasses Expectations with Strong Q2 Revenue

Viasats satellitebased internet services did really well in the second quarter, which helped them make more money than Wall Street expected. The busin

Viasats satellitebased internet services did really well in the second quarter, which helped them make more money than Wall Street expected. The business, which serves residential, commercial, and defence clients in North America with connection and communications services, is seeing rapid expansion in this market. Additionally, Viasat is developing its global mobility value proposition to deliver dependable service in difficulttomanage and crowded locations. Despite a few recent setbacks, such as satellite failures and job losses after Inmarsat was acquired, the business is upbeat about its chances for continued expansion. Viasat anticipates that its total income for 2024, including Inmarsats contributions, will fall between $4.10 billion and $4.25 billion. Read More..

B2B Tech News | 1 years ago          

SingTels Impressive HalfYearly Profit Soars by 83%

The merger of regional partner Telkomsel with IndiHome and increased contributions from its other businesses have helped Singapore Telecommunications

The merger of regional partner Telkomsel with IndiHome and increased contributions from its other businesses have helped Singapore Telecommunications SingTel claim an 83% increase in its halfyearly earnings. To penetrate Indonesias fixed broadband market, Telkomsel, SingTels partner in Indonesia, is combining with the IndiHome broadband division of its parent company. It was anticipated that SingTel would own a 29.6% share in the expanded integrated mobile and fixed broadband firm following the completion of this agreement in the third quarter of 2023. In contrast to S$1.17 billion the year before, SingTels net profit for the six months that ended on September 30 was S$2.14 billion $1.58 billion. Read More..

B2B Tech News | 1 years ago          

Toyotas EV Push Thailand Aims to Boost EcoCar Manufacturing

Thailand is concentrating on auto production, namely in pickup trucks and ecocars, and is working with Toyota Motor Corp. to grow its electric vehicle

Thailand is concentrating on auto production, namely in pickup trucks and ecocars, and is working with Toyota Motor Corp. to grow its electric vehicle EV business. As part of its attempt to increase EV sales in Thailand, where it is facing increasing competition from Chinese rivals, Toyota intends to testdrive the first electric pickup truck in that nation. By 2030, Thailand wants to produce 2.5 million EVs annually or onethird of all cars. Around half of all EV sales in Southeast Asia occurred in the nation in the second quarter, with Chinese brands leading the way. Read More..

B2B Tech News | 1 years ago          

Nicolai Tangens Vision Norways Wealth Fund Leverages AI for Growth

The largest sovereign wealth fund in the world, worth $1.4 trillion, is utilising artificial intelligence AI to improve its investment management. CEO

The largest sovereign wealth fund in the world, worth $1.4 trillion, is utilising artificial intelligence AI to improve its investment management. CEO Nicolai Tangen has established an internal target to increase productivity by 10% during the next year through decreased trading and more effective use of AI for portfolio changes. The fund has also pushed for responsible AI use by the nearly 9,200 businesses it invests in, with an emphasis on the big tech, healthcare, and finance industries. The potential for AI to have a substantial influence on these sectors and the necessity of assuring responsible AI development—including human monitoring and accountability—are the driving forces behind this movement. Read More..

B2B Tech News | 1 years ago          

SiriusXMs GameChanger New App Aims to Outshine Spotify

With a new app and a redesigned logo, SiriusXM is hoping to attract more users and stay competitive amidst growing competition from Spotify, another s

With a new app and a redesigned logo, SiriusXM is hoping to attract more users and stay competitive amidst growing competition from Spotify, another streaming service. The apps allaccess package, which will launch in North America on December 14, will cost $9.99 per month. This is in contrast to the existing allinclusive, streamingonly plan, which costs $10.99 per month following a threemonth introductory period. A personalised landing page and carefully chosen sections are a couple of the new features. Starting in early 2024, SiriusXM and Audible will collaborate to exchange content. Read More..

B2B Tech News | 1 years ago          

EUs AI Act Blueprint for Global AI Regulations, Says Benifei

Lawmaker for the European Union Brando Benifei, who played a significant role in creating the artificial intelligence AI rules of the EU, anticipates

Lawmaker for the European Union Brando Benifei, who played a significant role in creating the artificial intelligence AI rules of the EU, anticipates that the EU AI Act will act as a "blueprint" for international AI laws. The EUs preliminary AI regulations, which are anticipated to be passed soon, aim to establish international standards for the regulation of AI technology. Benifei stated that other areas might create their own AI rules with less stringent standards by using the risk framework established in the EU AI Act as a model. Establishing AI regulations, in the opinion of many politicians and business professionals, is essential to averting dangers to democracy and society. Read More..

B2B Tech News | 1 years ago          

Imec CEO Van den Hove Impressed by Japans Chip Revival

Luc Van den Hove, CEO of Belgian chip research group Imec, says Japans attempts to become a major chip maker again are noteworthy. Japan is backing pr

Luc Van den Hove, CEO of Belgian chip research group Imec, says Japans attempts to become a major chip maker again are noteworthy. Japan is backing projects like the chip foundry company Rapidus and is providing subsidies to both local and international chipmakers to increase capacity. With the help of IBM and Imec and under the direction of seasoned chip executives, Rapidus hopes to take on wellestablished industry heavyweights like TSMC and Samsung by producing innovative chips. Van den Hove is upbeat about Rapiduss chances since the Japanese government and crew are determined to see it through to completion. 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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