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Nvidia CEO Urges Countries to Develop Own AI Infrastructure for Economic Growth

CEO of Nvidia, Jensen Huang, stressed that each nation must build its Artificial Intelligence AI infrastructure to maximise economic potential and pre

CEO of Nvidia, Jensen Huang, stressed that each nation must build its Artificial Intelligence AI infrastructure to maximise economic potential and preserve cultural purity. While speaking at the World Government Summit in Dubai, Huang stated that relying on others for AI infrastructure is not feasible. As a leading manufacturer of highend AI processors, Nvidia wants to democratise access to AI by advancing practical computing. Citing the effective regulation of other revolutionary technologies, Huang advised nations to proactively construct AI infrastructure and reject irrational worries about AI challenges. Huang neglected to mention the limitations that the US placed on Nvidias ability to export AI chips. On February 21, Nvidia is scheduled to release its fourthquarter earnings. Read More..

B2B Tech News | 2 months ago          

Capgemini Forecasts Slower Revenue Growth for 2024 Amid Soft Market Conditions

According to French IT consultancy giant Capgemini, the first half of 2024 is expected to see weaker revenue growth. Despite these circumstances, CEO

According to French IT consultancy giant Capgemini, the first half of 2024 is expected to see weaker revenue growth. Despite these circumstances, CEO Aiman Ezzat voiced confidence in the companys potential to improve performance. Capgemini projects an operating profit margin of between 13.3% and 13.6% for the year, with flat to 3% sales growth in constant currency. The companys 2023 fullyear sales of €22.52 billion increased 4.4%, although it still fell short of its projected growth of 4%–7%. Revenue for the fourth quarter was €5.62 billion, a 0.2% decrease at constant exchange rates. Compared to the prior year, the companys employment shrank by 5% to 340,400 people. The board recommended a dividend of €3.40 per share for 2023. Read More..

B2B Tech News | 2 months ago          

European Union Advances Efforts to Support Ukraine with New Law on Frozen Assets

To help finance Ukraines rehabilitation, the European Union agreed on a regulation on Monday to handle windfall earnings from assets held by the Russi

To help finance Ukraines rehabilitation, the European Union agreed on a regulation on Monday to handle windfall earnings from assets held by the Russian central bank that had been blocked. After Russia invaded Ukraine, the EU and G7 froze assets worth over 300 billion euros, and discussions on their use lasted for more than a year. The new rule requires separate processing of income from Russian assets. It forbids Central Securities Depositaries CSDs, such as Euroclear, from utilising net earnings. In line with the G7 position, this action is to provide an estimated 15 billion euros over a fouryear period to aid in rehabilitating Ukraine. While the Kremlin has not yet responded, Ukrainian authorities applauded the decision. They urged bold and swift actions for practical use. Read More..

B2B Tech News | 2 months ago          

BYD Plans to Establish EV Factory in Mexico, Eyes U.S. Market Access

According to Nikkei, Chinas BYD Co Ltd is about to open a new electric vehicle EV facility in Mexico to act as an export centre to the United States.

According to Nikkei, Chinas BYD Co Ltd is about to open a new electric vehicle EV facility in Mexico to act as an export centre to the United States. Due to its proximity to the U.S. market, BYD, the worlds largest EV manufacturer by sales surpassed by Tesla Inc., considers Mexico a critical location. Despite its current concentration on the Chinese market, BYD actively seeks worldwide growth to support its goals of building operations abroad and increasing Chinese exports. Mexicos thriving automobile industry, closely linked to the American industry, makes it a suitable location. BYDs action aligns with its aspirations to make investments in Latin America, including a sizeable one in the northeastern part of Brazil. Read More..

B2B Tech News | 2 months ago          

Walmart in Talks to Acquire Vizio for Over $2 Billion, Eyeing TV Market Domination

Walmart is purportedly in talks to pay more than $2 billion to purchase the intelligent television company Vizio, which would give them a commanding p

Walmart is purportedly in talks to pay more than $2 billion to purchase the intelligent television company Vizio, which would give them a commanding position of over 20 per cent of the American television market. The deal may benefit Walmarts advertising company since it can display adverts to its large consumer base by utilising Vizios reach and shopper data. Walmarts acquisition aligns with its aim to concentrate on selling advertisements on its properties since its ad company, Connect, has been expanding quickly and brought in around $3 billion in sales last year. Additionally, if it owned Vizio, Walmart could increase its influence in the TV industry since it would have access to its active user base and software platform company. The conclusion of a transaction is up to William Wang, CEO of Vizio, and the negotiations are still underway. Read More..

B2B Tech News | 2 months ago          

Sonys Operating Profit Surges 10% in Q3, Exceeding Expectations

Surpassing forecasts, Sonys operational profit increased by 10% in the third quarter thanks to solid results in its finance, film, and music sectors.

Surpassing forecasts, Sonys operational profit increased by 10% in the third quarter thanks to solid results in its finance, film, and music sectors. After announcing last year that its financial unit would be partially spun off, the company plans to IPO Sony Financial Group in October 2025. From October to December, Sony generated a profit of 463.3 billion yen $3.08 billion, above experts forecasts of 428 billion yen. The companys transformation from the creator of the Walkman to a multifaceted entertainment and technological behemoth is seen from its impressive PlayStation 5 sales, which reached 8.2 million devices during the vital yearend commerce period. Read More..

B2B Tech News | 2 months ago          

Zuckerberg Highlights Quest 3s Features in Comparison to Apples Vision Pro

In wearable technology, Mark Zuckerberg, CEO of Meta, has passionately drawn comparisons between Quest 3 from Meta and Apples Vision Pro. Using the Qu

In wearable technology, Mark Zuckerberg, CEO of Meta, has passionately drawn comparisons between Quest 3 from Meta and Apples Vision Pro. Using the Quest 3s video passthrough to record from his living room, Zuckerberg praises the Meta headset for its improved mobility, reduced weight, and an array of input choices, which includes hand controllers and handtracking capabilities. He notes Apples superiority in terms of entertainment content but affirms Metas dominance in terms of price and immersive experiences. Zuckerberg refers to Metas wellestablished market presence while acknowledging Apples superior hardware and developer community, implying a competitive future. Read More..

B2B Tech News | 2 months ago          

Nvidia Expands AI Beyond Gaming with

Renowned for its GPUs, Nvidia is extending the reach of its AI expertise outside of the gaming world with "Chat With RTX," a benefit available to owne

Renowned for its GPUs, Nvidia is extending the reach of its AI expertise outside of the gaming world with "Chat With RTX," a benefit available to owners of its RTX 3000 or RTX 4000 series GPUs. This AI tool uses local files to produce replies using AI models such as Mistral and Llama. It is compatible with GPUs with 8GB of VRAM. It protects privacy because it runs locally, in contrast to cloudbased solutions. Users may get targeted data from documents, making activities like locating hidden solutions or producing replies from input YouTube videos more accessible. Although promising, users must provide file paths for scanning, and their usefulness varies depending on their needs and tastes. It demonstrates Nvidias AI capabilities beyond graphics processing and is currently in the demo phase. The bot is available to qualified users via the Nvidia website. Read More..

B2B Tech News | 2 months 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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