Technology news Archives - Page 6 of 18

Qualcomm to acquire Israeli auto-chip maker Autotalks

In an attempt to grow its automotive-related business, Qualcomm Inc announced on Monday that it would be acquiring Israel’s Autotalks Ltd, a manufacturer of chips utilized for crash-prevention technology in automobiles.

The business claimed Autotalk’s technology would be integrated into its aided and automated driving solution, known as Snapdragon Digital Chassis, although declined to disclose the financial details of the agreement.

With more and more automakers outfitting their vehicles with driver-assistance mechanisms, Qualcomm reported in September of last year that the company’s automotive business” pipeline,” or possible future orders, increased by over ten billion dollars to 30 billion USD following its third-quarter earnings were released at the end of July.

Also Read: Nvidia short sellers lose $5 billion as shares rise more than 90%

The firm, which attributes the increase to its Snapdragon Digital Chassis product, is competing to gain that market share with Mobileye Global of Intel & Nvidia Corporation.

In the second quarter that concluded on March 26, earnings from the automotive business of Qualcomm increased 20 percent to 447 million USD.

In order to increase safety on the roadways, Autotalks manufactures specialized chips for use in V2X technology for communication for human-driven and autonomous vehicles.

“We have been investing in V2X research, development, and deployment since 2017 and believe that as the automotive market matures, a standalone V2X safety architecture will be needed for enhanced road user safety, as well as smart transportation systems,” said Nakul Duggal, senior vice president & GM, automotive, Qualcomm Technologies, Inc.
Source: qualcomm.com

Licensing company, QTL, as well as the great bulk of the patent portfolio, are both parts of Qualcomm Incorporated. The engineering, R&D, and nearly all of the products and services businesses, which include the QCT semiconductor business, are all run by Qualcomm Technologies which is a Qualcomm Incorporated division, along with its other subsidiaries.

Also Read: IBM to pause hiring in the plan to replace 7,800 jobs with AI

Products with the Snapdragon and Qualcomm brands are made by Qualcomm Technologies, Inc. or one of its affiliates. It Incorporated grants licenses for Qualcomm’s trademarked technologies.

With the help of Qualcomm, the entire globe may be smartly connected. With the help of their single technological roadmap, they can effectively expand the mobile revolution’s founding technologies, such as improved connectivity, efficiency, low-power computing, on-device ability, and others, to the upcoming next generation of smart devices with connectivity throughout industries.

Suhani Jain

I am a student pursuing my bachelor’s in information technology. I have a interest in writing so, I am working a freelance content writer because I enjoy writing. I also write poetries. I believe in the quote by anne frank “paper has more patience than person

IBM to pause hiring in the plan to replace 7,800 jobs with AI

Due to ChatGPT’s growth, artificial intelligence is currently the hottest subject in technology. The Microsoft-powered OpenAI chatbot’s use of AI to respond to queries, generate articles, and even present legal arguments has astounded and amazed users as well as big companies like IBM.

Due to its abilities, people are now more concerned than ever about how, when, and whether artificial intelligence will affect their jobs and career. While worries about AI-based technology replacing workers have grown, professionals say it’s not as simple as it seems.

The answer to the question that if AI going to replace certain jobs is certainly a “yes”.

Also Read: Meta lays off tech teams, battering employee morale

According to Steven Miller, information systems retired professor, at Singapore Management University, improvements in artificial intelligence imply that machines can accomplish more and more, which will undoubtedly have an influence on jobs.

“As physical machines, software systems, and combinations of hardware and software get more capable as a result of AI-enablement, it is increasingly possible as well as economically viable to replace a greater share of the portions of the human work of today with machines,” he told CNBC Make It.
Source: cnbc.com

Certain positions, as stated by Steven Miller, are more prone to this compared to others, such as those that require a lot of repeated phrases or that are reliant on specific rules or regulations that define how a thing is supposed to be done.

On the other hand, since they vary so frequently, it is more challenging for technology to replace tasks that need adaptability and flexibility.

Amidst these discussions of the impact of artificial intelligence on the job cuts, IBM has created an uproar in the industry by saying that it would replace about 7800 jobs with AI in the coming years.

Arvind Krishna, CEO of International Business Machines Corporation, claimed that the company expects to halt hiring since 7,800 job positions may be replaced by artificial intelligence (AI) in the years to come.

According to Krishna, recruitment in back-office areas like human resources (HR) will stop or slow down. He also predicted that in the next five years, artificial intelligence (AI) and automation could take over 30 percent of positions that don’t need customer interaction.

Also Read: SAP reports revenue growth in Q1

His remarks come at a moment in which AI has captured the attention of people all across the world with the November 2016 debut of ChatGPT, a popular chatbot developed by OpenAI with funding from Microsoft Corp.

The PC manufacturer told the publication that part of the decrease might involve not filling positions left vacant by attrition.

IBM did not quickly reply to a Reuters request for comment.

Suhani Jain

Meta wins back Wall Street with AI promises

Leave a Comment / News, Tech News / By Suhani Jain

The stock price of Meta increased 11 percent on Thursday as a result of investors’ enthusiasm, which has already helped the social network’s stock almost double in worth during the past twelve months.

Meta’s concentration on artificial intelligence, as well as cost-cutting, also helped the shares of the organization continue their winning streak & win Wall Street’s support back.

If premarket gains hold, the value of Meta on the market will increase by approximately sixty billion dollars. The gain also helped other tech firms, from Snapchat and Pinterest to Amazon, rise by as much as 3.3 percent.

Also Read: Amazon sees cloud slowdown in April, shares erase gains

“If you want to be treated and valued like a growth stock, you need growth! And this is precisely what Meta delivered returning to growth … just as questions around a potential recession get louder,” Bernstein analyst Mark Shmulik said in a note.
Source: nasdaq.com

Shmulik was one of the 27 analysts who increased Meta’s price target, bringing the average estimate up to 270 USD and adding almost 30 percent to the supply’s increase over the course of the year, leading profits across Tech Giant Firms.

The latest indication that American technology firms were emerging from a downturn that has resulted in a large number of layoffs was the fact that Meta surpassed estimates for first-quarter revenue and profit, which increased for the first time in almost a year’s time.

The outcomes also highlighted the growing significance of AI, according to CEO Mark Zuckerberg, who claimed the technology was assisting in increasing traffic to both Facebook and Instagram as well as ad revenue.

“We believe AI has played a crucial role in shifting Meta from showing a more limited set of friends, family, and followed content to an almost unlimited set of recommended content now available in Reels and Feed,” J.P. Morgan analysts said.

“Year of efficiency paves the way to AI offense,” Roth MKM’s Rohit Kulkarni said.
Source: nasdaq.com

Also Read: OpenAI rolls out ‘incognito mode’ on ChatGPT

The firm, which has undergone a number of costly restorations to support its main business, is no more lagging in developing its artificial intelligence infrastructure, according to Zuckerberg.

To determine whether to support a business, both professional investors and individual financers consider a variety of factors. Others examine yearly reports or speak with senior management while others simply stare at charts.

But more and more, they are all hearing the same thing, IT is an important part of a company’s value.

Suhani Jain

Amazon sees cloud slowdown in April, shares erase gains

Leave a Comment / News, Tech News / By Sandhya Gupta

Amazon.com Inc. gave a warning on Thursday that its long, soaring growth in cloud services would slow down even more as its business clients braced for uncertainty and cut back on spending, dominating the company’s exceedingly strong quarterly revenue and profit.

On the strength of its optimistic assessment of customer sentiment and the fact that it was holding its own against cloud competitors, Amazon’s stock originally gained over $125 billion in extended trading, only to see the whole gain disappear in just a couple of minutes.

Also Read: OpenAI rolls out ‘incognito mode’ on ChatGPT

Following comments from Chief Financial Officer Brian Olsavsky, who informed analysts that cloud customers continued to try to reduce their bills as of the second quarter of the year and that Amazon was assisting them in doing so to foster long-term relationships, the share price fell.

Accordingly, he said, referencing a period that saw a consecutive decline, growth rates in revenue were approximately five percent lower in April than they were in the first quarter.

Now, shares are down 2%. The unexpected rise and collapse of Amazon are indications of a hazardous time for the business. Andy Jassy, CEO of Amazon, has vowed to reduce expenditure across the company’s wide range of operations in response to what he has dubbed an unpredictable environment.

Amazon is also dealing with a growing threat from its cloud competitors Microsoft and Google, both of whom are releasing prominent artificial intelligence products.

The cost reductions are extensive. Since November, Amazon has intended to eliminate 27,000 corporate positions. As of the most recent quarter, 1.47 million full- and part-time employees, including those working in warehouses, made up its workforce.

The company is also discontinuing all of its services, including its Halo fitness trackers. Its nationwide fulfillment operation has been reorganized. With a loss of $3.84 billion a year earlier, these initiatives helped Amazon turn a $3.17 billion profit in the quarter that concluded on March 31. However, this did little to entice investors.

An analyst at Huntington National Bank named David Klink described the company’s cloud delay as “tremendous.” “You’re not seeing (that) at either Microsoft or Google,” said Klink, whose bank held $129 million in Amazon stock as of Thursday.

Amazon Cloud, also known as Amazon Web Services (AWS), is a cloud computing platform offered by Amazon. It provides a wide range of cloud-based services to businesses, organizations, and individuals.

Also Read: Chipmaker Arm to make its own semiconductor

These services include computing power, database storage, content delivery, and other functionality that can be used to build and scale applications.

AWS is one of the leading cloud computing providers in the world, offering a highly scalable, flexible, and secure infrastructure that can be used to build and deploy applications of all sizes. It is used by millions of customers across a wide range of industries, including healthcare, finance, government, and education.

Sandhya Gupta

I am a law graduate from NLU Lucknow. I have a flair for creative writing and hence in my free time work as a freelance content writer.

Chipmaker Arm to make its own semiconductor

Leave a Comment / News, Tech News / By Suhani Jain

Arm, a company acquired by SoftBank, is creating its own chip to demonstrate the possibilities of its ideas as it looks to expand after a successful IPO subsequently this year.

According to those informed on the development, the corporation will collaborate with manufacturing companies to produce the new chip. They define it as one of the most sophisticated chipmaking endeavours the Cambridge-based organisation has ever undergone.

The initiative comes as SoftBank works to increase Arm’s revenue and draw investment to a planned IPO on the Nasdaq stock exchange within New York.

Also Read: SAP reports revenue growth in Q1

Instead of engaging directly in the design and development of semiconductors, the corporation typically gives its architectural designs to chip producers.

It is hoped that the prototype will enable it to show the larger market, the strength and potential of its concepts.

With partners like Samsung & Taiwan Semiconductor Manufacturing Corp., Arm has already developed several test chips, mostly to help software developers become more acquainted with the latest developments.

However, other business leaders told the Financial Times that the company’s most recent chip, on which it only recently began working, is “more advanced” than anything else. According to them, Arm has also established a bigger team to start this project and is focused on chip manufacturers rather than software developers while developing the product.

As insiders informed on the plan, the business has established a brand-new “solutions engineering” division that will oversee the manufacturing of these initial prototype processors for mobile phones, laptops, and various other gadgets.

A veteran of the chip business Kevork Kechichian, who entered Arm’s core executive division in the month of February, is in charge of the solutions engineering division. Before joining Qualcomm, he worked with chipmakers NXP Semiconductors & NXP Semiconductors, where he oversaw the creation of Qualcomm’s flagship Snapdragon processor.

The group will also broaden Arm’s current initiatives to improve design performance as well as safety and to increase access for developers to its devices.

Also Read: Meta lays off tech teams, battering employee morale

Rumours regarding Arm’s chip-making activities have raised concerns in the semiconductor sector that, if it produces a high-quality chip, it could attempt to promote it in the years to come and so challenge some of its biggest clients, like MediaTek or Qualcomm.

According to those close to Arm, the company is just developing a prototype and has no ambitions to put it on the market or licence the creation. Arm chose not to respond.

Suhani Jain

Google Authenticator finally syncs one-time codes in the cloud

Leave a Comment / News, Tech News / By Sandhya Gupta

You may now synchronize your two-factor authentication codes with your Google account, a feature that has been long requested by users of Google Authenticator.

Thus, Authenticator won’t need to be set up separately when you configure a new phone and log in to your account. This also implies that logging back into your accounts from a different device will be less of a nerve-racking experience if you lose your phone or it is stolen.

While cloud synchronization has become quite popular in other two-factor efforts like Authy, Google took a very long time to add it to Authenticator, which debuted back in 2010. You must upgrade the Authenticator app for Android and iOS to the most recent version in order to enable cloud syncing for two-factor codes.

Also Read: Google TV now has over 800 ad-supported free channels

More information on the feature is available on Google’s support page, which also confirms that “if you’re signed into your Google Account within Google Authenticator, your codes will automatically be backed up and restored on any new device you use.”

Google’s Christiaan Brand stated in a blog post that “one major piece of feedback we’ve heard from users over the years was the complexity in dealing with lost or stolen devices that had Google Authenticator installed.

Since one-time codes in Authenticator were only stored on a single device, a loss of that device meant that users lost their ability to sign in to any service on which they’d set up 2FA using Authenticator. With this update we’re rolling out a solution to this problem, making one-time codes more durable by storing them safely in users’ Google accounts.

This change means users are better protected from the lockout and that services can rely on users retaining access, increasing both convenience and security. While we’re pushing towards a passwordless future, authentication codes remain an important part of internet security today, so we’ve continued to make optimizations to the Google Authenticator app”

However, one-time passcode cloud syncing may make it much more alluring for bad actors to attack Google accounts. If you can hack into a system, you could have access to a lot of private information. Kimberly Samra, a Google spokesperson, verified that account syncing is entirely optional.

Also Read: Google wins appeal of $20 mln US patent verdict

But if you do, don’t anticipate any additional security measures beyond Google’s basic ones. Authy offers an option to allow (or disallow) the usage of numerous devices with an account in addition to a unique password for recovering two-factor backups in order to keep out unwanted visitors.

The bland vault design of the Authenticator app will be replaced with an asterisk in Google’s colors with this upgrade.

Sandhya Gupta

I am a law graduate from NLU Lucknow. I have a flair for creative writing and hence in my free time work as a freelance content writer.

Technology news

Follow Us