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RussianLinked Hacking Group Solntsepyok Takes Credit for Cyberattack on Ukraines Kyivstar

A hacker collective, Solntsepyok, thought to be connected to Russian military intelligence GRU, took credit for an attack on Kyivstar, Ukraines bigges

A hacker collective, Solntsepyok, thought to be connected to Russian military intelligence GRU, took credit for an attack on Kyivstar, Ukraines biggest mobile network provider. The attack impacted air raid alarm systems, destroyed IT infrastructure, and interrupted services in several places. Considered a front for the GRUaffiliated Sandworm hacking outfit, Solntsepyok has previously attacked Ukraines energy industry. In the Kyivstar attack, the organisation claimed to have damaged over 10,000 PCs and 4,000 servers. Together with the SBU internal intelligence agency, the State Service of Special Communications and Information Protectorate SSSCIP of Ukraine is looking into the event. Read More..

B2B Tech News | 2 months ago          

British Firms See Slowing Chinese Economy as Bigger Challenge Than COVID Curbs

According to a poll conducted by the British Chamber of Commerce in China, 60% of British businesses believe that a slowing Chinese economy poses a mo

According to a poll conducted by the British Chamber of Commerce in China, 60% of British businesses believe that a slowing Chinese economy poses a more significant obstacle to their operations in the nation than the stringent COVID restrictions that were in place until late last year. According to the poll, British companies are putting off making new investments in China and giving the worlds secondbiggest economy less weight in their worldwide operations. According to the research, 60% of businesses said that conducting business in China had grown more challenging during the previous year, and 78% of those businesses attributed the difficulties to economic considerations. Read More..

B2B Tech News | 2 months ago          

JPMorgan Chase Considers Outsourcing Local Custody Business in Hong Kong and Taiwan

It is believed that JPMorgan Chase intends to outsource the management of its local custody business in Taiwan and Hong Kong, with Standard Chartered,

It is believed that JPMorgan Chase intends to outsource the management of its local custody business in Taiwan and Hong Kong, with Standard Chartered, HSBC, and Citigroup competing for the contract. The action aligns with a previous pattern in which JPMorgan has pulled out of lowermargin local custodian business from other Asia Pacific markets. According to reports, the bank plans to finish switching its local custody operations in Taiwan and Hong Kong to a different bank by the end of the following year, signalling its departure from the local custodian market in the Asia Pacific area. The decrease in assets, which made the local custodian company less profitable, is the reason for the decision. Read More..

B2B Tech News | 2 months ago          

Oracle Forecasts Quarterly Revenue Below Estimates, Shares Drop Over 7%

Oracle has predicted lowerthanexpected quarterly revenue, citing factors hurting demand for cloud solutions, such as an unpredictable economy and comp

Oracle has predicted lowerthanexpected quarterly revenue, citing factors hurting demand for cloud solutions, such as an unpredictable economy and competitive cloud computing industry. This caused the companys shares to drop more than 7% during extended trading. Potential obstacles to its performance include the effect of Oracles acquisition of the Cerner company last year and the slowdown in enterprise expenditure. Oracle is attempting to fortify its AI infrastructure, but chances for market share are limited by fierce competition from big competitors such as Amazon and Microsoft. Oracle revealed sales of $12.94 billion for the second quarter, just below the analysts average expectation of $13.05 billion. Read More..

B2B Tech News | 2 months ago          

French AI Firm Mistral AI Raises €385 Million in Funding Round

In its second fundraising round in as many months, French artificial intelligence startup Mistral AI raised €385 million $414.41 million, with inves

In its second fundraising round in as many months, French artificial intelligence startup Mistral AI raised €385 million $414.41 million, with investors led by AndreessenHorowitz and LightSpeed Ventures. Although the business hasnt revealed its valuation, a person with knowledge of the situation pegged it at €2 billion, ranking the French firm among the worlds leading AI businesses. Only one month after its founding, in June, Mistral AI—which former Meta and Google AI researchers founded—raised €105 million. In addition, the business has introduced Mixtral 8x7B, an open model that aims to be Europes answer to AI platforms such as Googles Bard and OpenAIs ChatGPT. Read More..

B2B Tech News | 2 months ago          

FirstofitsKind Sanctions UK Targets Southeast Asias Online Scam Networks

The United Kingdom has taken action against 14 people and organisations associated with the online scamming scene in Southeast Asia. The targets of th

The United Kingdom has taken action against 14 people and organisations associated with the online scamming scene in Southeast Asia. The targets of the action are human traffickers who coerce employees into committing fraud. This is the first time that the UK has taken direct legal action against internet scammers. The targets of the sanctions include people and organisations associated with "scam compounds" in Laos, Myanmar, and Cambodia they also include businesses associated with casinos and lodging establishments in Cambodia that are notorious for housing scams. Since the COVID19 outbreak, Southeast Asia has seen a sharp increase in the internet scamming business, with workers being coerced into performing fraudulent tasks. Read More..

B2B Tech News | 2 months ago          

EU and Experts Delve into Technical Sessions to Finalize AI Rules

Days after the European Union reached a tentative deal on artificial intelligence AI regulations, specialists from both sides gathered to work out det

Days after the European Union reached a tentative deal on artificial intelligence AI regulations, specialists from both sides gathered to work out details in more than 11 technical meetings. The range of legislation, the use of AI by the government for biometric monitoring, copyright issues raised by foundation models, and rules governing largescale AI systems like ChatGPT are among the subjects covered. The EU wants to enact AI regulations before any other significant global power. Several nations, including Germany and France, want to examine the concessions the AI Act will go into force in 2026. The recent accord establishes the framework for comprehensive AI governance in the EU. Read More..

B2B Tech News | 2 months ago          

U.S. Commerce Secretary Expects Dozen Semiconductor Funding Awards in the Next Year

Within the following year, U.S. Commerce Secretary Gina Raimondo plans to announce multibilliondollar semiconductor financing grants that have the pot

Within the following year, U.S. Commerce Secretary Gina Raimondo plans to announce multibilliondollar semiconductor financing grants that have the potential to alter U.S. chip production drastically. The first allocation, costing $35 million, is part of the "Chips for America" subsidy programme and will go to a BAE Systems factory in Hampshire that makes semiconductors for fighter jets. Raimondo wants to see at least two "leadingedge" U.S. manufacturing clusters established and the number of semiconductors made in the country raised from 12% to about 20%. Firms, including GlobalFoundries, Micron, and Intel are seeking significant capital. $39 billion in industrial incentives have been approved by Congress to increase semiconductor output. Read More..

B2B Tech News | 2 months ago          



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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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