China’s leaders take a cautious approach to the estimate for the country’s economic recovery, after removing most of the Covid restrictions on business activity that were imposed in 2022. China announced a target of around 5% Gross Domestic Product (GDP) growth for 2023, with only a slight increase in fiscal support. The vice president and senior…
Microsoft said that it will begin to promote its recently launched new Bing Chatbot — which is built upon OpenAI’s artificial intelligence in an upgrade to Windows 11. Bing is not highly popular yet, but the Windows operating system drives around 9% revenue of Microsoft. It is the leading operating system in the world, with almost 82% share as of…
Goldman Sachs CEO David Solomon stated that asset management and wealth management will be the growth driver of the bank. Solomon said, “The actual story of opportunity for growth for us in the coming years is around asset management and wealth management. Goldman was already the fifth-biggest active asset manager in the world. There is genuine…
The chief executive of Qualcomm anticipates that Apple will shift to in-house 5G modems for its iPhones in 2024. Cristiano Amon said at the Mobile World Congress in Barcelona, “We’re making no plans for 2024; my planning assumption is we’re not providing Apple a modem in 2024, but it is their decision to make.” Apple’s latest iPhone…
How to Evaluate IAM Providers for Today’s Workforce Requirements Unfortunately, meeting the 12 required capabilities presents real challenges to current organizational ecosystems and legacy IAM systems. To gain these capabilities, you need to consider either replacing or modernizing your current IAM systems with a fullservice IAM platform designed to address both today and tomorrow’s needs….
Amazon employees are pushing CEO Andy Jassy to drop a return-to-office mandate. Jassy recently announced Amazon would require employees to work from the office a minimum of three days a week beginning May 1. Jassy said, “Amazon’s leadership team, known as the S-team, decided it would be easier for employees to collaborate and invent together in person and…
Inventor of WWW calls Cryptocurrency dangerous and considers it like gambling The inventor of World Wide Web, Tim Berners-Lee called cryptocurrency as dangerous and compared it to a gambling. Berners-Lee said digital currencies are speculative in nature and compared them to the dot-com bubble. Berners-Lee said, “It’s only speculative. Obviously, that’s really dangerous. It is…
CSRC announces new rules for overseas IPOs The China Securities Regulatory Commission (CSRC) recently announced new rules that require domestic firms to comply with national security regulations and the personal data protection law measures before going public overseas. China-based firms now will have more clarity regarding whether they can list overseas in the USA. The…
Only 9% of Americans believe AI development will do overall good than harm Artificial intelligence tools that can give responses like human have become the greatest part of the technology industry, as many tech giants like Google, Microsoft and startups racing to come up with early versions of productivity tools and search engines using the new tech. Firms developing AI are saying…
Crypto market gains $84 billion despite tougher regulatory stance from US Authorities Crypto markets gained $84 billion in value yesterday despite tougher regulatory stand from the USA government. Bitcoin rose to $24,500.00 while ether was up at $1,679.31, as per the Coin Metrics. Vijay Ayyar, vice president of corporate development and international at crypto exchange Luno said, “There…
