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Cyberattack Forces Shutdown of Varta Production Plants, Shares Dip

Varta, a German battery manufacturer, said that on February 12, a cyberattack targeted five manufacturing units, resulting in temporary shutdowns whil

Varta, a German battery manufacturer, said that on February 12, a cyberattack targeted five manufacturing units, resulting in temporary shutdowns while the business evaluates the damage to its IT systems. Varta has formed a special task team to hasten the return of regular operations after the tragedy. Investigations are ongoing to determine the type and intensity of the cyberattack. Vartas stock fell over 3% in value due to the announcement. The event highlights the continuous threat cyberattacks represent to the manufacturing and industrial sectors, emphasising the need for strong cybersecurity measures to protect vital infrastructure and operations. Read More..

B2B Tech News | 4 days ago          

Equinix Forecasts Strong Earnings for 2024, Driven by Growing Demand for Data Center Services

As more companies choose cloud infrastructure, Equinix EQIX.O has forecast adjusted core earnings for fiscal 2024 above market forecasts, showing stro

As more companies choose cloud infrastructure, Equinix EQIX.O has forecast adjusted core earnings for fiscal 2024 above market forecasts, showing strong demand for its data centre services. Vital customer expenditure on data centres is expected by the firm through 2024, primarily due to the growing use of artificial intelligence and task automation. Because AI requires a lot of processing power, data centres are essential to its operation. Equinix predicts adjusted core profits for the fiscal year 2024 to be between $4.09 billion and $4.17 billion, above expert estimates. Equinix announced fourthquarter revenue aligned with forecasts and a 10% gain in adjusted EBITDA despite somewhat lower revenue predictions for the entire year than analyst estimates. Read More..

B2B Tech News | 4 days ago          

Nvidia Surpasses Alphabet to Become Third Most Valuable U.S. Company

As investors await its impending quarterly report, Nvidia overtook Google parent Alphabet to become the third most valued U.S. corporation, behind Ama

As investors await its impending quarterly report, Nvidia overtook Google parent Alphabet to become the third most valued U.S. corporation, behind Amazon. Nvidias superiority in AI chip technology sent its stock up 2.46%, giving it a market value of $1.825 trillion. This increase follows its recent surpassing of Amazons market capitalization. With almost 80% of the market for highend AI chips under its grip, Nvidia has seen a 47% increase in its stock price this year. Investors will keenly monitor the companys quarterly report, which is anticipated to reveal strong performance. For Nvidias January fiscal quarter, analysts see a sharp rise in sales to $20.37 billion and a sharp increase in adjusted net profit to $11.38 billion. Read More..

B2B Tech News | 4 days ago          

Reliance Industries Eyes Acquisition of Walt Disneys Stake in Tata Play to Expand Media Presence

According to reports, Reliance Industries is in talks to buy Walt Disneys 29.8% ownership of Tata Play to increase its media footprint. If the transac

According to reports, Reliance Industries is in talks to buy Walt Disneys 29.8% ownership of Tata Play to increase its media footprint. If the transaction closes, the conglomerate plans to make all of its JioCinema programming available to Tata Play subscribers. Disney has a portion in Tata Play, which gives it access to video streaming services, and bankers are now evaluating this. This partnership would be the first between Reliance and the Tata Group. Tata Plays fiscal 2023 deficit led to the companys contemplation of a $300 million Initial Public Offering IPO. Disney and Reliance have not yet responded, and Tata Play has declined. Disneys Indian businesses are valued at $3.5 billion. Reliance is close to merging its media company in India with the latter. Read More..

B2B Tech News | 4 days ago          

Uber Announces $7 Billion Share Repurchase Program Amid Record High Stock Performance

Uber Technologies shares rose to a new high as it unveiled its firstever $7 billion share repurchase programme. The decision comes after the business

Uber Technologies shares rose to a new high as it unveiled its firstever $7 billion share repurchase programme. The decision comes after the business reported its first annual net profit since going public in 2019, driven by a strong rebound in rideshare revenue and sustained demand for its food delivery service. According to CFO Prashanth MahendraRajah, the buyback is evidence of Ubers sound financial standing. Shares rose 12% as a result of the excellent reaction from investors. Ubers $3.4 billion in free cash flow for 2023 was a notable improvement, even in the face of a drivers planned strike demanding equitable compensation. Over the next three years, analysts expect Ubers gross bookings and adjusted core earnings to continue growing, interpreting the repurchase as evidence of the companys operational success. Read More..

B2B Tech News | 4 days ago          

Renesas Electronics to Acquire Altium for $5.9 Billion to Strengthen Automotive Chip Offerings

Renesas Electronics declared that it will pay $5.9 billion in cash to acquire the electronics design company Altium to improve the digital device desi

Renesas Electronics declared that it will pay $5.9 billion in cash to acquire the electronics design company Altium to improve the digital device design services it provides to clients, especially in the automotive chip industry. Renesas, wellknown for supplying chips to automakers such as Nissan and Toyota, is attempting to broaden its scope by incorporating Altiums digital circuit board design tools. Expected to be completed in the second part of the year, subject to shareholder and regulatory clearance, both boards authorised the acquisition. Following the announcement, Altiums share price increased by 28%, indicating that the market was confident about the purchase. Renesas calculated action fits in with Japans expanding outward mergerandacquisition trend, which is fueled by initiatives to improve the countrys competitiveness and supply chain resilience globally. Read More..

B2B Tech News | 4 days ago          

Prudential Financial Discloses Breach, Investigates Unauthorized Access to IT Systems

The renowned international financial services firm Prudential Financial, which oversees $1.4 trillion in assets, said it was the victim of a recent ha

The renowned international financial services firm Prudential Financial, which oversees $1.4 trillion in assets, said it was the victim of a recent hack in which hackers had access to contractor and employee data before being prevented from using the hacked systems. The hack, discovered on February 5, involves user accounts and specific IT systems being accessed without authorization. Although there is a suspicion that a cybercrime gang is involved in the incident, Prudential has not discovered any proof of compromised client data. The organization is looking into it to determine its kind of breach. Previously, in May 2023, a breach involving a thirdparty vendor affected around 320,000 Prudential clients. Prudential evaluates the possible effects of the current intrusion after reporting it to the authorities. Read More..

B2B Tech News | 4 days ago          

Redington Forecasts Revival in PC Demand Fueled by AI Features in New Devices

Redington, an Indian distributor of tech products, believes that releasing new gadgets featuring artificial intelligence AI capabilities would spur de

Redington, an Indian distributor of tech products, believes that releasing new gadgets featuring artificial intelligence AI capabilities would spur demand for personal computers in the upcoming fiscal year. After reductions during the previous six quarters, Ramesh Natarajan, CEO of Redingtons Singapore, India, and South Asia SISA division, anticipates singledigit percentage growth in the PC business for fiscal 2025. The market is anticipated to be stimulated by AIenabled PCs outfitted with processors that can execute AI applications locally. To diversify income sources beyond the sale of gadgets, Redington also anticipates development in its mobile phone business, particularly in the higherend market. Redington is also concentrating on growing its cloud services. Read More..

B2B Tech News | 4 days 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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