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Bank of Korea Holds Interest Rate at 3.50%, Signals Potential Cut in Coming Months

In line with most analysts predictions, the Bank of Korea BOK, the central bank of South Korea, maintained its benchmark interest rate at 3.50% on Thu

In line with most analysts predictions, the Bank of Korea BOK, the central bank of South Korea, maintained its benchmark interest rate at 3.50% on Thursday. Nonetheless, the BOK suggested that a rate decrease may happen soon since four of its seven board members were willing to do so in the next three months. This position reflects worries about the economys sluggish growth despite inflation declining. The BOKs move fits with a more significant worldwide trend of policy easing by central banks. The bank revised its inflation expectation to 2.5% and reduced its growth estimate 2024 to 2.4%. October rate reduction might coincide with those that other major central banks, such as the U.S. Federal Reserve, have planned. Read More..

B2B Tech News | 1 years ago          

Chevron to Invest $989 Million in Bengaluru for Largest Tech Center Outside the US

For Bengaluru, India, Chevron plans to invest 83 billion rupees $989.20 million to create its largest IT centre outside the United States. This new re

For Bengaluru, India, Chevron plans to invest 83 billion rupees $989.20 million to create its largest IT centre outside the United States. This new research and development facility will create six hundred engineering positions in the next five to six years. The projects magnitude was highlighted when Karnatakas Minister of Commerce and Industries, MB Patil, announced the investment on social media. As announced by the firm, the recruiting process would be finished by the end of 2025, according to Akshay Sahni, the new CEO of Chevron India. This calculated step demonstrates Chevrons resolve to strengthen its worldwide research infrastructure while growing its engineering and technology capabilities in India. Read More..

B2B Tech News | 1 years ago          

Fortinet Partners with CSC eGovernance to Bolster Cybersecurity for Rural India

An agreement has been reached between Fortinet and CSC eGovernance Services India Limited CSC SPV to improve cybersecurity for public services deliver

An agreement has been reached between Fortinet and CSC eGovernance Services India Limited CSC SPV to improve cybersecurity for public services delivered through Common Service Centres CSCs in rural India. Through the utilisation of best practices and user training, this cooperation seeks to strengthen the cybersecurity preparedness of CSCs and safeguard broadbandenabled rural service points. The supply of safe ICT infrastructure, workforce growth in cybersecurity through training programs, and advanced technical collaboration for ICT solutions are three of the MoUs main components. In addition to fostering best practices and information sharing to improve cybersecurity throughout Indias digital infrastructure, Fortinet will assist in designing and implementing solutions to safeguard rural banking sectors and government services. Read More..

B2B Tech News | 1 years ago          

OpenAI Unveils FineTuning for GPT4o Custom AI Models Now Within Reach

For better performance catered to particular use cases, OpenAI has introduced finetuning features for its GPT4o AI model, enabling developers to modif

For better performance catered to particular use cases, OpenAI has introduced finetuning features for its GPT4o AI model, enabling developers to modify the model using their datasets. To promote adoption, OpenAI provides each organisation with one million free training tokens every day through September 23rd. Developers may manipulate answers, modify the models tone, and teach it to obey intricate commands via finetuning. Training expenses are capped at $25 per million tokens, and access is granted via OpenAIs finetuning dashboard. Distyls TexttoSQL model, which achieved top performance in natural language to SQL translation, and Cosines Genie, an AI helper that excels in software engineering, are two notable success stories. Read More..

B2B Tech News | 1 years ago          

Google and CSIRO Unite to Combat Cyber Threats for Critical Infrastructure

The National Science Agency of Australia, CSIRO, and Google have collaborated to create digital tools that automatically identify and address software

The National Science Agency of Australia, CSIRO, and Google have collaborated to create digital tools that automatically identify and address software vulnerabilities for critical infrastructure operators, including healthcare facilities and energy providers. Addressing the growing threat of cyberattacks, this program aligns with Australias strict legal framework. With CSIROs research capabilities, Google will provide AI services and an opensource vulnerability database. As a result of Australias recent drive for stricter controls on international internet companies, Google has decided to invest A$1 billion over five years in this initiative. The findings will be publicly available to improve compliance and confidence among critical infrastructure operators. Read More..

B2B Tech News | 1 years ago          

Halliburton Cyberattack Disrupts Operations at Houston Campus, Global Networks

A hack on Wednesday affected many systems at Halliburtons north Houston headquarters and specific international communication networks. Halliburton is

A hack on Wednesday affected many systems at Halliburtons north Houston headquarters and specific international communication networks. Halliburton is a significant U.S. oilfield services company. The firm collaborates with outside specialists to evaluate the impact and fix the problem. About 48,000 people work at Halliburton, which has operations in over 70 countries and has advised certain employees not to connect to internal networks. Similar to the 2021 Colonial Pipeline ransomware assault that resulted in extensive disruptions, this event highlights the energy sectors continued susceptibility to cyberattacks. The Halliburton breach raises questions over possible ransom demands and data security within the organisation, even though specifics are still unknown. Read More..

B2B Tech News | 1 years ago          

DDoS Attack Disrupts Telegram and WhatsApp in Russia, Services Restored

The Russian official communications monitoring organisation reports that a Distributed DenialofService DDoS assault on Wednesday caused difficulties f

The Russian official communications monitoring organisation reports that a Distributed DenialofService DDoS assault on Wednesday caused difficulties for Telegram and WhatsApp users in Russia. According to the service, the attack was effectively resisted, sparing Russian telecom carriers and restoring regular operation to the messaging applications. The hack also affected websites like Wikipedia, Skype, and Discord. This event happens due to persistent problems with other encrypted messaging applications like Signal and recent complaints about YouTube by Russians. Numerous of these platforms are still available in Russia via VPNs, despite earlier attempts by Russian authorities to shut Telegram and impose limits on Meta services. Read More..

B2B Tech News | 1 years ago          

Qatar Airways Acquires 25% Stake in South Africas Airlink

On August 20, Qatar Airways announced that it had bought a quarter of the South African airline Airlink. The deals financial specifics were kept priva

On August 20, Qatar Airways announced that it had bought a quarter of the South African airline Airlink. The deals financial specifics were kept private. This investment will improve connectivity throughout southern and eastern Africa as part of the two airlines ongoing codeshare arrangement. Qatar Airways dedication to growing its footprint in Africa is evident in its partnership with Airlink, which offers service to more than 45 locations in the area. Cities including Abidjan, Abuja, Accra, Harare, Luanda, and Lusaka are among the newest destinations on Qatar Airways network. Read More..

B2B Tech News | 1 years ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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