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SAP

SAP reports revenue growth in Q1

Business software manufacturer SAP announced first-quarter earnings that beat analysts’ estimates thanks to advances in its cloud operations, but the sale of its Qualtrics division caused it to cut its outlook for the entire year.

No further restructuring is anticipated for SAP this year, and the company still intends to integrate artificial intelligence techniques such as generative artificial intelligence in its services. It previously revealed plans to lay off 3,000 workers as it sought to reduce expenses.

SAP
Image Source: theprint.in

Giant technology businesses have been upset by the current economic climate, yet the company was able to increase its sales in the first quarter by 10 percent to 7.44 billion euros which is nearly 8.2 billion USD, exceeding the average estimate issued by the firm.

Also Read: Canada offers more than C$13 Billion for the VW battery plant

It claimed to be collaborating with the ChatGPT chatbot from OpenAI, which receives funding from Microsoft Corporation.

We were studying ChatGPT for quite a while… we have built over 50 AI use cases, embedding them with our technology,” CEO Christian Klein said in an interview.

Source: theprint.in

Following the yearly Sapphire meeting he said, these kinds of uses will be accessible to customers the following month.

In order to look for flaws in AI use cases and prevent possible abuse of the technology, SAP additionally has an internal panel involving customers, researchers, as well as analysts, according to Klein.

The business was founded in 1972 and was initially known as System Analysis Programme Development with its German translation as Systemanalyse Programmentwicklung, subsequently becoming SAP. Ever since then, it has expanded from a five-person startup to a global corporation with over 105,000 staff members based in Walldorf, Germany.

SAP developed the global benchmark for the software for enterprise resource planning (ERP) via the release of its initially developed SAP R/2 and SAP R/3 solutions. Now, SAP S/4HANA advances ERP by processing massive volumes of data in memory and supporting cutting-edge technologies like AI (Artificial Intelligence) & ML (machine learning).

The profitable cloud business of business had revenue growth of 24 percent year over year, roughly in line with expectations. Profits from Qualtrics, a business SAP dissolved last month, have already been subtracted from the most recent income assessment.

SAP projects a non-IFRS operating profit for the year of between 8.6 and 8.9 billion euros, which is a 200 million euro decrease from the prior year. Forecasted cloud revenue is now expected to range from 14 to 14.4 billion euros, a decrease of 1.3 billion euros.

“Underlying guidance is essentially unchanged, although updated to reflect the disposal of Qualtrics,” Jefferies analysts wrote in a client note.

Source: theprint.in
Microsoft

Is Microsoft going to unbundle Teams and Office?

Microsoft has decided to stop including its Teams remote collaboration program in its Office productivity package, according to Financial Times.

The organization is taking action to address any EU antitrust concerns, which are the biggest regulatory worries they have encountered in the last ten years. Companies will soon have the option to purchase Office with or without Teams installed, according to FT’s sources, “but the mechanism on how to do this remains unclear.”

Microsoft
Image Source: betanews.com

There are allegedly ongoing discussions with EU regulators, but “a deal is not certain.” “We are mindful of our responsibilities in the EU as a major technology company,” Microsoft told the Financial Times.

Also Read: What is Auto-GPT and why does it matter?

We continue to engage cooperatively with the commission in its investigation and are open to pragmatic solutions that address its concerns and serve customers well.”

Microsoft and Slack don’t get along very well. Slack stated that it was “genuinely excited to have some competition” when Teams first launched. Slack’s CEO subsequently asserted, “Teams is not a competitor to Slack.”

Despite the CEO’s assertions, Slack stated in a 10-Q form that Microsoft Corporation was its current “primary competitor” in October 2019. Then, in 2020, Slack complained to the EU against Microsoft.

Microsoft’s response was that Slack “suffered” since it didn’t support video conferences. If not for Windows, Satya Nadella, the CEO of Microsoft, questioned whether Slack would even be around. During that time, Slack’s general counsel stated, “We’re asking the EU to be a neutral referee, examine the facts, and enforce the law.”

Microsoft is currently dealing with its first legal problems in ten years. The corporation entered into a settlement with the European Commission in 2009, promising to give customers in Europe a choice of web browsers; it was later fined €561 million in 2013 for persistently failing to uphold that promise.

Of course, the antitrust scandal that made it famous occurred when it was first compelled to split into two businesses; however, the decision was eventually overturned by an appeals court.

In an agreement reached in 2001, Microsoft and the DOJ agreed to limitations such as not sharing APIs with outside developers and allowing PC makers to include non-Microsoft applications on their hardware.

It is understandable that regulators would intervene when tech giants like Microsoft and Slack engaged in such a public battle. To see if Microsoft unbundling succeeds, we’ll have to wait.

Also Read: Will Dead Island 2 Be On Game Pass?

The corporation has been rushing to get regulatory permission for its intended $69 billion acquisition of game producer Activision Blizzard in recent months. According to reports, the corporation is anticipated to get the go-ahead from the EU and the UK. It has until July to satisfy the US Federal Trade Commission.

To allay those worries, Microsoft provided 10-year legal arrangements to distribute Call of Duty on Nintendo platforms and cloud-streaming service Boosteroid. Sony apparently turned down a comparable offer.

Auto-GPT

What is Auto-GPT and why does it matter?

Silicon Valley’s never-ending ambition to automate everything explains its most recent obsession: Auto-GPT. In essence, Auto-GPT interacts with services and software online using the adaptability of OpenAI’s most recent AI models.

The recently trending open-source application Auto-GPT was developed by game developer Toran Bruce Richards and employs OpenAI’s text-generating models, primarily GPT-3.5 and GPT-4, to function “autonomously.” In order to finish a task, Auto-GPT merely handles follow-up questions to an initial prompt from OpenAI’s models.

Auto-GPT
Image Source: makeuseof.com

The primary idea behind Auto-GPT is that it pairs GPT-3.5 and GPT-4 with an assistant bot that gives them instructions. When a user specifies a goal to Auto-GPT, the bot uses GPT-3.5 and GPT-4 as well as a number of other programs to carry out all necessary steps to fulfill the goal.

Also Read: What Is ChaosGPT: Can The AI Bot Destroy Humanity?

Being able to communicate with both local and online applications, programs, and services like web browsers and word processors, gives Auto-GPT a degree of adaptability. For instance, when given a command like “help me grow my flower business,” Auto-GPT can create a basic website and come up with a relatively believable marketing plan.

Auto-GPT is an automated process for training large language models such as GPT (Generative Pre-trained Transformer). It involves using a combination of reinforcement learning and evolutionary algorithms to optimize the model’s parameters, architecture, and hyperparameters.

The Auto-GPT process is important because it can significantly improve the performance of language models by automatically discovering and optimizing the optimal combination of model configurations.

This can result in more accurate and effective natural language processing, machine translation, and text generation.

Moreover, with the ever-increasing demand for more powerful language models, Auto-GPT can help to automate the process of designing and training models, thus reducing the time and cost associated with model development. Additionally, this can make language models more accessible to a wider range of users who may not have the technical expertise to design and train their models.

Although Auto-GPT is freely accessible on GitHub, it does take some setup and technical knowledge to use. Installing Auto-GPT in a development platform like Docker and registering it with an OpenAI API key, which necessitates a paid OpenAI account, are prerequisites for using it.

Also Read: How Will ChatGPT Change Education and Teaching?

Early adopters have been using this to do the kinds of repetitive activities that are best left to a bot. For instance, it can handle basic tasks like email writing and code debugging as well as more complex ones like developing a business strategy for a start-up.

Recently, new apps have appeared to make it even simpler to use. Examples include AgentGPT and GodMode, which offer a straightforward user interface and allow users to enter their goals directly on a browser page. Keep in mind that both, like Agent-GPT, need an OpenAI API key to be fully functional.

Canada

Canada offers more than C$13 billion for the VW battery plant

According to a government source, Canada has agreed to offer up to C$13 billion ($9.7 billion) in subsidies and a C$700 million grant to entice Volkswagen AG to locate its North American battery production in the nation.

According to the source, the entire Canadian investment—which might possibly include money from the Ontario government—will be roughly equivalent to what Volkswagen would have received from the United States under the Inflation Reduction Act (IRA).

Canada
Image Source: finance.yahoo.com

The source stated that the subsidies will be paid out over a ten-year period, but the automaker chose not to respond. The source told Reuters that the plant’s construction will cost roughly C$7 billion, corroborating a previous story by Bloomberg News.

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

The agreement demonstrates how the United States’ green package, which provides $369 billion in subsidies for electric automobiles and other green technologies, is pressuring foreign governments to increase financial incentives to entice investment.

According to Handelsblatt, which cited a business source with knowledge of the situation, the brand-new Volkswagen battery plant in Canada is expected to have a maximal capacity of 90-gigawatt hours, which will be sufficient to produce batteries for more than a million vehicles yearly.

Volkswagen opted not to respond to the Handeslblatt story. More information on the project is anticipated to be released on Friday during a meeting between the leadership of its battery unit PowerCo and Canadian Prime Minister Justin Trudeau in Ontario, where the plant would be located.

The contract is drafted in such a way that Canada’s production subsidies are only guaranteed for the duration of the Inflation Reduction Act. Canada’s incentives for clean production will decrease proportionately if those in the US are cut.

Additionally, under its Strategic Innovation Fund, Canada is providing Volkswagen with capital expense grants totaling nearly C$700 million. Despite its name, the Inflation Reduction Act actually implements substantial incentives for low-carbon companies, primarily via production tax credits.

According to a board member for technology at Europe’s largest automaker who spoke to Reuters in March, PowerCo aspires to become a global battery provider and meet half of its own requirements with plants mostly in Europe and North America.

By 2030, PowerCo, which was founded last year, wants to have annual sales of over $21.94 billion. In Ontario, production is anticipated to begin in 2027.

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

Chrystia Freeland, Canada’s finance minister, cautioned that democracies need to prevent a “race to the bottom” in corporate subsidies that might erode their tax bases and social protection systems in an address in Washington last week.

The Volkswagen contract in Canada also makes one wonder how much financial assistance other automakers and battery manufacturers may be eligible for. A $4 billion joint venture between LG and Stellantis was announced last year in Windsor, Ontario, a city close to Detroit.

Dead Island 2

Will Dead Island 2 Be On Game Pass?

Dead Island 2 is an upcoming action role-playing game that is currently under development by Dambuster Studios and published by Deep Silver. It is a follow-up to the video game Dead Island from 2011 and the third significant entry in the Dead Island series.

Dead Island 2
Image Source: thenerdstash.com

Dead Island 2 distinguishes itself from its predecessors by taking place in Los Angeles and San Francisco, which have been quarantined as a result of the zombie outbreak.

Also Read: What is Minecraft Legends? Everything we know so far

Dead Island 2 is set in California, where a viral outbreak has turned most of the population into zombies. The player takes on the role of a survivor, who must fight against the undead and other human factions while trying to find a cure for the virus.

The game features an open-world environment, which allows players to explore various locations and interact with other survivors.

On April 21, 2023, the game was made available for the PlayStation 4, PlayStation 5, Windows, Xbox One, and Xbox Series X/Shere is a high probability that this game will rank among the best ones released this year.

The developers at Deep Silver Dambuster Studios went above and above to make the game thrilling and enjoyable. You’ll need to develop resilience to the zombie virus which has taken hold in Los Angeles in order to survive as one of the very few.

Also Read: What Is ChaosGPT: Can The AI Bot Destroy Humanity?

As for killing zombies, there are hundreds of different methods to do so, including leveraging the power of zombies, if you want to stay alive in HELL-A, as the locals now refer to it. The game will be available on all gaming platforms, so everyone—except Game Pass subscribers—can play it.

Sadly, Dead Island 2 won’t be available with the Game Pass. It is somewhat odd that in order to play multiplayer on Xbox platforms, players must acquire either Xbox Game Pass Ultimate or Xbox Live Gold. To play the game, you must still purchase it separately. However, there is a probability that this state will only last a short while.

Meta

Meta lays off tech teams, battering employee morale

Another round of employment layoffs was implemented by Meta on Wednesday, this time affecting engineers and related tech teams as CEO Mark Zuckerberg continued to restructure the company in an effort to make 2023 a “year of efficiency.”

The second round of mass layoffs at Meta, which it estimated would affect 10,000 workers, was announced in March, making it the first Big Tech company to do so. It was stated that 10,000 employees would be impacted over a period of months and in three main groups.

Meta
Image Source: livemint.com

According to one of the dismissed workers who spoke with CNBC, the most recent job cuts also affected teams that worked with products, and Meta plans to eliminate business-related positions like those in finance, law, and human resources starting next month.

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

This individual also said that technology teams who were not affected by the layoffs on Wednesday might be affected by those scheduled for the following month. The Business Programme Manager at Facebook, Teresa Jimenez, wrote on LinkedIn: “I woke up this morning to the awful news that I was one of the many laid off from Meta today.

While I am undoubtedly disappointed, I am also really #grateful for the chance to have collaborated with some of the most creative people for almost three years! (sic)”

Zuckerberg had stated in March that “We anticipate announcing reorganizations and layoffs in our tech groups by the end of April 2023, followed by our business groups by the end of May 2023.

In a small number of cases, it may take through the end of the year to complete these changes. Our timelines for international teams will also look different, and local leaders will follow up with more details.”

After a pandemic-driven surge in online advertising and cloud computing, Meta’s initial wave of layoffs in the fall affected more than 11,000 workers, or 13% of its total staff at the time, and came before other significant IT businesses laid off thousands of workers.

Along with the restructuring, Meta is “flattening” the levels of middle management and shelving lower-priority projects. The corporation has benefited from shrinking thanks to investors. In comparison to the tech-heavy Nasdaq Composite, Meta shares have increased by almost 80% this year.

The company, which will release its first-quarter earnings on April 26, is anticipated to profit from regulatory pressure on primary rival TikTok and a minor uptick in the digital advertising sector