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Reserve Bank of Australia Keeps Rates Steady at 4.35% as Inflation Remains a Worry

The Reserve Bank of Australia RBA, the countrys central bank, has maintained interest rates at 4.35%. The decision, which was expected, was made in th

The Reserve Bank of Australia RBA, the countrys central bank, has maintained interest rates at 4.35%. The decision, which was expected, was made in the context of worries about inflation, which is still high even if it somewhat decreased in the fourth quarter. The Reserve Bank of Australia said that before it considers changing interest rates, it wants further proof of sustained inflation. Since May 2022, the bank has increased interest rates by 425 basis points to combat persistently rising inflation nevertheless, new data on the economy and consumer expenditure pointed to a deteriorating economy. Due to the decision, the Australian currency gained strength, and futures currently indicate a 36% chance of a rate decrease in June. Read More..

B2B Tech News | 2 months ago          

Jio Financial Services Shares Surge Amid Talks of Potential Paytm Wallet Acquisition

Following rumours that it is in negotiations with Paytm parent firm One 97 Communications to purchase Paytms wallet business potentially, shares of Re

Following rumours that it is in negotiations with Paytm parent firm One 97 Communications to purchase Paytms wallet business potentially, shares of Reliance Industries Jio Financial Services surged up to 14%. Later, Jio Financial clarified that it hasnt been involved in any talks about this. Reportedly, Jio Financial and HDFC Bank are leading candidates to buy Paytms wallet division. Following the Reserve Bank of Indias decision to prohibit Paytm Payments Bank from taking deposits or credits to client accounts, the company is allegedly experiencing an existential crisis. Jio may offer to buy Paytm Payments Bank as part of a rescue package. Read More..

B2B Tech News | 2 months ago          

Cyberattack Strikes Chicagos Lurie Childrens Hospital, Disrupting IT Systems

A hack caused Lurie Childrens Hospital in Chicago to take its IT systems offline, which disrupted regular business. The hospital treats more than 200,

A hack caused Lurie Childrens Hospital in Chicago to take its IT systems offline, which disrupted regular business. The hospital treats more than 200,000 children a year, making it one of the most significant paediatric hospitals in the nation. The problem affected phone, email, internet, and MyChat platform access. The hospital said there were only minor interruptions to patient care, and emergency services were unaffected. The hospital is working with law enforcement and enlisting professionals in the inquiry as part of its proactive response to the cybersecurity breach. Several services, including the results of CT and ultrasound scans, were momentarily unavailable, and scheduled treatments were postponed. Read More..

B2B Tech News | 2 months ago          

Amazon Unveils AI Assistant "Rufus" to Enhance Product Recommendations

Rufus, an artificial intelligence assistant from Amazon, helps people choose things that suit their needs. Amazon says Rufus will help customers find

Rufus, an artificial intelligence assistant from Amazon, helps people choose things that suit their needs. Amazon says Rufus will help customers find the most significant things. Still, others point out that the corporation has a history of pushing customers towards goods that profit Amazon. Amazon disputes allegations made by the Federal Trade Commission FTC that it runs a "paytoplay" scheme and skews search results. Analysts speculate that, with Amazons substantial advertising income, Rufus may someday include sponsored results. In Q4 2023, the companys ad sales increased by 27% to $14.7 billion. According to sources, Rufus is not influenced by advertising and is first intended to foster trust with people. Read More..

B2B Tech News | 2 months ago          

U.S. Commerce Secretary Plans Funding Awards for Semiconductor Manufacturing

Within the next two months, U.S. Commerce Secretary Gina Raimondo expects to award many grants from the governments $39 billion initiative to increase

Within the next two months, U.S. Commerce Secretary Gina Raimondo expects to award many grants from the governments $39 billion initiative to increase semiconductor production. The semiconductor fund supports building factories and expanding production capacity by providing subsidies for the fabrication of chips and other supply chain investments. Raimondo said these are newgeneration investments, including size, scale, and complexity never seen previously in the United States, highlighting the complexity and scale of the facilities proposed by businesses like TSMC, Samsung, and Intel. The "Chips for America" programme is anticipated to announce multibilliondollar semiconductor financing grants in the upcoming year, totalling around twelve. Raimondo highlighted the bright future for the semiconductor industry, with artificial intelligence playing a significant role. Read More..

B2B Tech News | 2 months ago          

Microsoft Collaborates with Semafor and News Organizations on Responsible AI Use

Microsoft has partnered with news organisations and media platform Semafor to work together on generative AIs ethical and responsible application in c

Microsoft has partnered with news organisations and media platform Semafor to work together on generative AIs ethical and responsible application in content creation. The partnership seeks to assist these organisations in identifying and improving protocols and guidelines for the ethical application of artificial intelligence in news reporting and commercial operations. As part of the partnership, Semafor is introducing "Signals," a breaking news feed that journalists may utilise to give readers analysis and insights on breaking news topics with OpenAI and Microsoft capabilities. Microsoft is also investigating methods to integrate generative AI into their work and newsrooms in collaboration with other news organisations, such as the Craig Newmark Graduate School of Journalism, the Online News Association, and the GroundTruth Project. Read More..

B2B Tech News | 2 months ago          

Raizen and BYD Collaborate to Set Up 600 EV Charging Stations in Brazil

Chinese manufacturer BYD and Brazilian sugar and ethanol business Raizen are working to build a 600EV charging station network across eight Brazilian

Chinese manufacturer BYD and Brazilian sugar and ethanol business Raizen are working to build a 600EV charging station network across eight Brazilian towns. The project intends to satisfy the Brazilian markets increasing need for charging infrastructure. Shell Recharge will deploy charging stations in Rio de Janeiro and São Paulo over the next three years. With its subsidiary Raizen Power, Raizen aims to capture a quarter of the market for EV charging stations. Brazil had a 91% increase in EV sales in 2023, totalling over 94,000 units. Read More..

B2B Tech News | 2 months ago          

Jeff Bezos Plans to Sell Up to 50 Million Amazon Shares Over the Next Year

According to a document, Amazon founder Jeff Bezos intends to sell up to 50 million company shares over the upcoming year. The securities are valued a

According to a document, Amazon founder Jeff Bezos intends to sell up to 50 million company shares over the upcoming year. The securities are valued at $8.6 billion at the current share price of $171.8. As per Amazons most recent annual report, the selling plan was accepted on November 8, 2023, subject to particular circumstances. It is anticipated to be completed by January 31, 2025. Bezos, who started Amazon in 1994, became executive chairman after leaving his position as CEO in 2021. With a $185 billion net worth, he is now the third wealthiest individual in the whole globe. 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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