Demand Media News Desk
Europe’s Data Centre Power Demand Expected to Triple by 2030, Says McKinsey Report
🕑 3 minA recent McKinsey report reveals that Europe’s data centre power consumption is projected to nearly triple by 2030, necessitating a significant increase in electricity supply, primarily from low-carbon sources, as well as upgrades to grid infrastructure. Why It Matters:The surge…
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Argentina’s Digital Banking Trio Dominates Market
🕑 5 minArgentina’s digital banking sector has witnessed rapid growth, with Ualá, Brubank, and Naranja X emerging as the dominant players. These fintech companies have collectively captured nearly 90% of the market share, serving a combined 16.44 million customers. Key Factors Driving…
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Bank of England Eyes Growth with Modified Bank Capital Reforms
🕑 4 minIn a bid to balance financial stability with economic growth, the Bank of England has announced revised capital requirements for UK banks. The central bank is aiming to streamline regulations and reduce the burden on lenders, while ensuring their resilience…
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BNP Paribas Survey Finds Rising Interest in Equity Hedge Funds
🕑 7 minA recent survey by BNP Paribas paints a clear picture: investors are hungry for equity hedge funds. With this strategy leading the pack in performance for 2024, a significant shift in investor appetite is underway. The survey, conducted by BNP…
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Big Tech’s Sneaky AI Startup Acquisition Strategy: A Cause for Concern?
🕑 5 minThe New arena of AI Talent Acquisition The arena of acquiring talent in the booming field of Artificial Intelligence (AI) is experiencing a shift. Big Tech giants like Google, Microsoft, and Amazon are going beyond traditional acquisitions. They’re employing a…
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Snickers owner Mars Acquires Kellanova in Massive $35.9 Billion Deal
🕑 5 minIn a groundbreaking move that has sent ripples through the food and beverage industry, Mars, the renowned candy and gum giant, has announced its intent to acquire the popular snacks manufacturer Kellanova for a staggering $35.9 billion. This monumental deal…
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Cisco Cuts Jobs, Beats Earnings, Shares Soar
🕑 4 minNetworking behemoth Cisco Systems has announced a significant overhaul of its operations, including a 7% reduction of its global workforce. This strategic move comes as the company navigates a complex and evolving technological landscape. While the decision to cut jobs…
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SiriusXM Media Drives Innovation to Advance Privacy
🕑 4 minSiriusXM Media is at the forefront of the industry’s transition to a privacy-centric advertising ecosystem. As the company adapts to evolving regulations and consumer expectations, it’s pioneering innovative approaches to target audiences without compromising privacy. Maria Breza, a key figure…
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5G and IoT: A Game-Changer for UK Public Buildings
🕑 5 minA new study has revealed the immense potential of 5G-powered Internet of Things (IoT) technology to revolutionize the management of public buildings in the UK. By implementing smart sensors, digital twins, and IoT devices, the country could save a staggering…
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Apple says its AI models were trained on Google’s custom chips
🕑 6 minApple has made a significant strategic move by opting for Google’s Tensor Processing Units (TPUs) over the industry-standard Nvidia GPUs for training its AI models. This surprising decision comes as the tech giant unveils its new AI system, Apple Intelligence.…
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Ocado Back on Track: Kroger Order Boosts Automation and Share Price
🕑 5 minBritish online retail and technology leader Ocado received a shot in the arm on Monday after its major U.S. partner, Kroger, placed a significant order for new automated technologies. This news comes after a period of uncertainty for Ocado, following…
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Cryptocurrency Losses Double in First Half of Year
🕑 3 minThe amount of cryptocurrency stolen in hacks has skyrocketed in 2024, according to TRM Labs. By June, over $1.38 billion in crypto had been pilfered, more than double the total stolen in all of 2023. This surge comes despite a…
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Accenture Bolsters Chip Design Expertise with Acquisition of Excelmax Technologies
🕑 5 minIn a move to solidify its position in the burgeoning chip design industry, global IT consulting giant Accenture announced the acquisition of Excelmax Technologies, a Bengaluru-based leader in semiconductor design services. This strategic acquisition, finalized on July 8th, 2024, aims…
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Bitget Wallet and Foresight X Invest in Tomarket, Ushering in New Era of Decentralized Asset Trading
🕑 5 minBitget Wallet, a leading Web3 wallet and DeFi platform with over 20 million users globally, has joined forces with crypto investment firm Foresight X to invest in Tomarket, a groundbreaking decentralized trading platform. This strategic collaboration aims to unlock new…
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Tech Giants Upset: Workers Protest Secret Project for Israel
🕑 5 minSilicon Valley, long lauded for its innovation and disruption, is facing a crisis of conscience. Project Nimbus, a secretive $1.2 billion surveillance system development project for the Israeli government, has sparked a rebellion amongst employees at tech giants Google and…
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AI Chatbots Pass the Five-Minute Turing Test: Can You Tell the Difference?
🕑 5 minLarge language models (LLMs) like GPT-4, the power behind chat platforms like ChatGPT, are rapidly advancing in their ability to mimic human conversation. Researchers at UC San Diego investigated if these AI-generated responses could become so realistic that users mistake…
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DigiMarCon America 2024: Elevate Your Marketing Strategy in a Digital World
🕑 4 minCalling all marketing mavericks! DigiMarCon America 2024 is your gateway to igniting your brand and mastering the ever-evolving digital landscape. This premier conference, taking place July 1st-2nd at the luxurious Park Hyatt Washington D.C. Hotel, offers a power-packed program designed…
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HubSpot Unveils Enhanced Data Protection Features for Smart CRM Users
🕑 4 minHubSpot has unveiled new tools aimed at bolstering data protection and compliance navigation for users of its Smart CRM platform. These enhancements come with robust security measures and privacy protection tools, offering companies a comprehensive view of customer data within…
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Deutsche Bank Overhauls Investment Bank in Shake-Up
🕑 7 minDeutsche Bank, the financial titan of Germany, is facing a critical juncture. Under the leadership of new CEO John Cryan, the bank is undergoing a dramatic restructuring, particularly within its investment banking arm. This shake-up is a direct response to…
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Wolters Kluwer Unveils AI-Powered CCH Tagetik Intelligent Platform to Revolutionize Corporate Performance Management
🕑 7 minWolters Kluwer, a leading global provider of information, software, and services for professionals, has announced the launch of its AI-powered CCH Tagetik Intelligent Platform. This innovative platform aims to transform the efficiency, accuracy, and strategic capabilities of the Office of…
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Virtual Reality Boosts Learning Efficiency, Study Finds
🕑 5 minIn a groundbreaking study conducted by researchers from Drexel University’s School of Biomedical Engineering, a surprising discovery was made regarding the efficiency of virtual reality (VR) in facilitating learning. Published in the journal Sensors, this study is the first to…
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New Report Unveils Strong Growth Outlook for 5G IoT Market Driven by High-Speed Connectivity
🕑 8 minThe convergence of 5G technology and the Internet of Things (IoT) has unleashed a wave of innovation, transforming industries and reshaping the connectivity landscape. With the promise of ultra-fast speeds, high capacity, and low latency, 5G IoT solutions are empowering…
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Meta’s AR Research VP Steps Down: Insights into Future Neural Interface Tech
🕑 4 minMeta’s Vice President of AR Research, Thomas Reardon, is stepping down from his position and will depart from the company in May. Reardon has served as the Head of Neuromotor Interfaces and Input & Interactions at Reality Labs, Meta’s division…
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Amazon Marks 30 Years Amid Evolving E-Commerce Terrain
🕑 4 minOn July 5th, the world will mark the 30th anniversary of Amazon’s humble beginnings in Jeff Bezos’s garage, where it started as an online bookstore and eventually transformed the way we shop. In 1999, just five years into its journey,…
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Organizational Health: New Research Reveals Key to Sustained Success in Turbulent Times
🕑 5 minDecades of research by McKinsey & Co. have unveiled a critical factor: organizational health. This concept goes beyond financial metrics to assess how effectively leaders steer their organizations towards high performance. It encompasses three core elements: alignment around a common…
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Manufacturing Sector Shifts Focus to Operational Efficiency Amidst Excess Capacity Concerns
🕑 3 minAs consumer demand stabilizes, manufacturers are pivoting towards operational efficiency strategies in 2024, marking a departure from previous production-centric approaches. Embracing expanded automation, advancements in collaborative robots (cobots) are driving down automation costs while artificial intelligence (AI) systems enhance machine…
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Future of CMO Role
🕑 3 minUPS sparked discussions last December when it opted to eliminate the position of Chief Marketing Officer (CMO), instead appointing a Chief Commercial and Strategy Officer tasked with overseeing product management and business transformation initiatives. This move triggered widespread commentary and…
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Stock buybacks are rising this earnings season
🕑 6 minStock buybacks are increasing in a sign that companies are feeling better about the trajectory of the US economy. Companies such as Meta (META), Disney (DIS), and Uber (UBER) all announced plans to repurchase shares this earnings season. And according…
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Cenlar Appoints Seasoned Leaders to the Corporate Initiatives Group
🕑 6 minEWING, N.J., February 26, 2024–Cenlar FSB, the nation’s leading mortgage loan subservicer, announced today the appointment of Catherine French to Senior Vice President and Head of the company’s Corporate Initiatives Group. Julie Mabie was also named Senior Vice President and…
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Italian watchdog says ChatGPT breached data privacy norms
🕑 4 minIn fresh troubles for OpenAI, Italian watchdog Garante said the company’s generative AI platform ChatGPT has breached data privacy norms set by the EU. Garante, which reportedly has a history of holding proactive assessments, investigates whether different companies and their…
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