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Southeast Asian Firms Eye U.S. Listings Amid ChinaU.S. Tensions

To capitalise on the robust investor interest in developing markets and the lack of Chinese stock offerings, some Southeast Asian firms are considerin

To capitalise on the robust investor interest in developing markets and the lack of Chinese stock offerings, some Southeast Asian firms are considering going public in the United States. Due to rising political tensions between China and Washington, recent announcements from the Vietnamese internet business VNG Corp and the Philippine real estate firm DoubleDragon Corps Hotel101 Global to list in the U.S. Regulations and scrutiny have subjected Chinese businesses, bringing some ASEAN competitors to light. Southeast Asian companies raised $101 million through American initial public offerings IPOs this year and anticipate more listings over the coming year. Wall Street banks operating in Asia anticipate that this change will benefit them and provide diversification options for investors. Analysts do warn that issues might arise from share price volatility and investor scrutiny. Read More..

B2B Tech News | 3 days ago          

Morgan Stanley Unleashes AI @ Morgan Stanley Assistant to Transform Client Interactions

All financial advisors and their support personnel now have access to Morgan Stanleys "AI @ Morgan Stanley Assistant," a generative AIpowered assistan

All financial advisors and their support personnel now have access to Morgan Stanleys "AI @ Morgan Stanley Assistant," a generative AIpowered assistant. Based on OpenAIs GPT4 technology, this invention promises to improve customer interactions, increase advisor productivity, and speed up access to the banks enormous archive of research papers and documents. Automating replies to market inquiries and internal procedures gives advisors more time to interact with customers effectively. Instead of using standard keywordbased searches, users must now formulate their requests in entire phrases. More generative AI products, such as "Debrief" for summarising client sessions, are something Morgan Stanley hopes to explore. The decision underscores a rising tendency in the banking sector to use AI technology to improve customer services and operational effectiveness. Read More..

B2B Tech News | 3 days ago          

Prioritise Your Internet Experience with Qualcomm Routers

Targeting the gateway business, where internet providers convert actual fibreoptic cables into WiFi signals in homes, Qualcomm is entering the WiFi ro

Targeting the gateway business, where internet providers convert actual fibreoptic cables into WiFi signals in homes, Qualcomm is entering the WiFi router industry. Charter Communications Spectrum and EE in the UK are the first customers to adopt Qualcomm routers. These gadgets will use the new WiFi 7 standard, intended for quicker data transmission in households with many linked devices. Carriers will be able to prioritise traffic from particular apps and services with the help of Qualcomms routers, thanks to speed agreements. The business also bought OptiCore Technologies, a little optical networking business, albeit the transaction had a negligible financial impact. Read More..

B2B Tech News | 3 days ago          

Fortinet Responds to Security Threat with Immediate Patch Release

A highseverity crosssite scripting XSS vulnerability affecting multiple FortiOS and FortiProxy versions, CVE202329183, has been patched by Fortinet. W

A highseverity crosssite scripting XSS vulnerability affecting multiple FortiOS and FortiProxy versions, CVE202329183, has been patched by Fortinet. With a CVSS score of 7.3, this security hole results from poor input neutralisation during web page production. By manipulating the guest management settings, an authorised attacker might use it to run malicious JavaScript code. To solve this, Fortinet published a few upgrades such as FortiProxy 7.0.11 and 7.2.5, etc. With upgrades like FortiWeb 7.0.7 and 7.2.2, Fortinet also fixed the highseverity CVE202334984 bug that affected a few FortiWeb versions. Advisors recommend users update to reduce hazards. Read More..

B2B Tech News | 3 days ago          

Elon Musk and Netanyahu Discuss X PaytoPlay

Elon Musk stated that users of X previously Twitter could have to pay for access to the site to battle bots during a chat with Israeli Prime Minister

Elon Musk stated that users of X previously Twitter could have to pay for access to the site to battle bots during a chat with Israeli Prime Minister Benjamin Netanyahu. He emphasised that even a small fee would effectively dissuade bots. In the US, X now provides a premium service called X Premium for $8 monthly. However, access is still free. Musk is studying possibilities with lower pricing tiers to make it affordable for more customers. He believes this action will be the main barrier against the spread of bots. However, it could affect user numbers and advertising revenue, which is an essential source of money for X. Read More..

B2B Tech News | 3 days ago          

Chinas MIIT Leads Global Metaverse Standards Initiative

Chinas Ministry of Industry and Information Technology MIIT is taking action to set the bar for international norms in the metaverse industry. Since m

Chinas Ministry of Industry and Information Technology MIIT is taking action to set the bar for international norms in the metaverse industry. Since metaverse technology is one of nine developing tech fields that need standards, MIIT has suggested forming a working committee to develop them. The lack of a standard definition for the metaverse, a trendy technological trend since 2021, presents difficulties, as stated by MIIT. For them, standardisation is crucial to fostering the growth of a healthy sector and avoiding market speculation. MIIT sees the metaverse as an integrated innovation incorporating cuttingedge technology as such, they expect it to encourage novel business models and the expansion of the digital economy. Read More..

B2B Tech News | 3 days ago          

Fourth Paradigm Breaks Barriers with DualHong Kong IPO

Initial public offerings IPOs of three Chinese companies are being launched in Hong Kong to raise $280 million. Beijing Fourth Paradigm, a maker of AI

Initial public offerings IPOs of three Chinese companies are being launched in Hong Kong to raise $280 million. Beijing Fourth Paradigm, a maker of AI software, intends to sell 18.4 million shares for between HK$55.60 and HK$61.16 to raise $144 million. Cornerstone investors have already purchased $96.8 million worth of stock, or 70.6% of the IPO, under the leadership of New China Capital Management. On the U.S. "Entity List," Fourth Paradigm offers AI solutions for various industries. Mobile gaming operator ZX Inc. and Chinese cloud hospital platform Neusoft Xikang also have IPO price ranges of $81 to $101 million and $27 to $34 million, respectively. Read More..

B2B Tech News | 5 days ago          

Bank of Montreal Shifts Focus as Auto Finance Business Gets the Boot

There will be unspecified employment losses due to the Bank of Montreals BMO decision to end its indirect retail vehicle lending operations in Canada

There will be unspecified employment losses due to the Bank of Montreals BMO decision to end its indirect retail vehicle lending operations in Canada and the US. This choice comes after BMO increased its lousy debt provisions from C$136 million to C$492 million, reflecting the rising financial strain that clients are experiencing as a result of rising borrowing costs. BMO works with automobile dealerships in this auto finance area to assist with buyer financing. The bank wants to focus its resources on markets with a competitive advantage while helping affected workers through the transition. Most of the consumer loans in BMOs portfolio are vehicle and home equity loans, with rising delinquency rates reflecting consumers financial struggles in the face of rising interest rates. Read More..

B2B Tech News | 5 days 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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