Tech
Nokia’s shares fell 8% after reporting its lowest quarterly net sales since 2015.
(VOR News) – On Thursday, shares of Nokia, a Finnish telecom business, dropped after the company disclosed a decline in its operational profit for the second quarter that was around 32 percent lower than the previous quarter.
We were able to attribute this reduction to the fact that there was a dearth of demand for the 5G equipment that Nokia was producing.
By the time the market opened at nine o’clock London time, the stock of the business that is listed in Helsinki had already experienced a decline of eight percent.
Today, Nokia reported a comparable operating profit of $462 million.
This value was reported by the company. When compared Nokia to the 619 million euros that were recorded for the same period of time in the previous year, this implies a loss of roughly a third more than what was stated.
Data provided by LSEG indicates that the firm reported a decline in its net sales of 18%, bringing the total to 4.47 billion euros.
This Nokia represents the lowest level of net sales attained since the fourth quarter of 2015. This decline was attributed to “ongoing market weakness” by the corporation at the time of the decline.
“The most significant impact was the challenging comparison period from the previous year, which saw the peak of India’s rapid 5G deployment, with India accounting for three quarters of the decline,” Mr. Pekka Lundmark, CEO of Nokia, remarked in the announcement of the results. “The most significant impact was the challenging comparison period.”
Continuing along the same lines, he emphasized that the landscape in the mobile networks business continues to be “challenging as operators continue to be cautious.”
In spite of this, Nokia forecasts that the business situation will become “stabilizing” and that there will be a “significant acceleration in net sales growth in the second half” of the year. The order intake that was seen in the most recent quarter served as the basis for these forecasts.
According to the company’s CEO, “though the dynamic is showing signs of improvement, the recovery of net sales is occurring somewhat later than we had anticipated, which will have an effect on our business group’s net sales assumptions for the year 2024.”
Despite the fact that this has taken place, we are still well on our approach to fulfilling our full-year target, which is further supported by the early action that we have taken addressing cost.
The business continues to strive for a result that is either near to or slightly below the midpoint of its comparable operating profit prediction for the entire year, which ranges from 2.3 billion to 2.9 billion euros.
Nokia’s founders set this goal for the company.
AT&T, the largest telecommunications company in the United States, made the decision to select Ericsson as the provider for the construction of a telecom network that is completely based on a technology known as ORAN at the end of the previous year.
A severe blow was handed to Nokia by this decision, as the company had previously been awarded a significant contract in the North American market.
Both the Finnish company and its Swedish competitor, Ericsson, have initiated strong cost-cutting initiatives in the midst of an industry-wide fight against a slowing economy and infrastructure expenditure cuts from mobile carriers. Ericsson is a Swedish company that competes with the Finnish company.
The revelation that Nokia will be cutting off as many as 14,000 employees came in October, following the company’s realization that it had experienced a major decline in profitability during the third quarter.
By the year 2026, the company intends to achieve a reduction in its gross expenses of between 800 million and 1.2 billion euros within the time frame.
The business made the announcement on Thursday that it had made “significant progress” on its entire cost reduction program and that it had implemented actions with the goal of cutting expenses by a total of 400 million euros up to this time.
SOURCE: CNBC
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Tech
Google Search Is Set To Undergo Significant Evolution By 2025. Sundar Pichai
(VOR News) – Sundar Pichai, the chief executive officer of Google, has stated that the search engine that the company employs would undergo a significant transformation by the year 2025.
This change will be made possible with the assistance of cutting-edge artificial intelligence. At the DealBook Summit, which was hosted by the New York Times, Sundar Pichai highlighted his faith in artificial intelligence as the primary driving force behind the shift. He said this during his presentation at the event.
According to the findings of the researcher, “Search itself will continue to undergo profound changes in the year 2025.”
Even if you wait until the beginning of the year 2025, I am confident that you will be astounded by the more advanced capabilities that search has in contrast to where it is at the moment. It is my firm belief that you will be astonished.
Google shared this information as part of its continuous efforts to incorporate artificial intelligence into its products. These efforts are ongoing.
Recent changes include search summaries that are generated by artificial intelligence as well as enhancements to its Lens feature, which now supports web searches that are based on videos. Additionally, the Lens feature has been included in the list of recent updates.
Another new development from Google is search summaries.
Additionally, in order to compete with competitors such as Microsoft and OpenAI, Google is presently in the process of creating a significant modification to its Gemini model.
This adjustment is being taken into consideration. The purpose of this adjustment is to enhance the company’s ability to compete with other businesses.
The audience was informed that artificial intelligence technologies such as BERT and MUM had already helped Google improve the accuracy and functionality of search results. Pichai made the audience aware of this information. He also said that more than one billion users use Gemini-powered features. This is an addition to the prior statement.
A few words were made by Satya Nadella, the Chief Executive Officer of Microsoft, in the beginning of this year. Sundar Pichai, who was there at the summit, responded to those remarks while he was there. According to Nadella, Google ought to have been the “default winner” in the fight for artificial intelligence.
He offered this suggestion. A number of statements were made by Pichai in response to the fact that Microsoft relies on OpenAI models. One of these statements was as follows: “I would love to do a side-by-side comparison of Microsoft’s own models and our models at some point in the future.”
Furthermore, Google uses models created by different individuals.
Additionally, the topic of conversation shifted to the compromise that needs to be made between fair usage and persons who create content getting compensated for their work.
This was the centre of the discussion. The ongoing discussion that is taking place regarding the value of intellectual property in the era of artificial intelligence was brought up by Pichai, despite the fact that he brought attention to the licensing arrangements that Google has with a variety of platforms, such as Reddit, the Associated Press, and The New York Times.
Pichai made it a point to mention the ongoing discussion. Sundar Pichai stated that a future marketplace would make it possible for content artists to create content that is specifically tailored for AI models and receive direct remuneration for their efforts.
He also stated that this opportunity would be available to them. Artificial intelligence would be included into the market, which would make this a possibility.
In his concluding remarks, Sundar Pichai emphasised the necessity of search in this day and age, when there is a lot of information available. He said that search is especially important in this day and age. He made the observation that “search becomes even more valuable in a world that is saturated with content.”
It is consistent with what he described that this is the case. Given that significant shifts are on the horizon, Google is placing itself in a position to continue to be a pioneer in the creation of technology that is driven by artificial intelligence. This is in light of the fact that substantial transformations are on the horizon.
SOURCE: TN
SEE ALSO:
FBI Warns iPhone and Android Users to Stop Texting
The US FDA Cited Musk’s Neuralink Animal Laboratory For ‘Objectionable Conditions.’
Salman Ahmad is a seasoned freelance writer who contributes insightful articles to VORNews. With years of experience in journalism, he possesses a knack for crafting compelling narratives that resonate with readers. Salman’s writing style strikes a balance between depth and accessibility, allowing him to tackle complex topics while maintaining clarity.
Tech
FBI Warns iPhone and Android Users to Stop Texting
The FBI has warned Android users to refrain from texting messaging iPhone users and vice versa in a statement following a report that revealed text data was easily hackable due to a lack of encryption.
To keep others from listening in on their discussions, the FBI is advising users to use safe, encrypted messaging and phone calls using apps like WhatsApp. The warning follows news that Chinese hackers named “Salt Typhoon” had gained access to many US networks, with the extent of the breach perhaps being more than first believed.
‘Salt Typhoon’ is the gang that has already targeted the metadata of many clients, including information like call and text recipients, dates, and hours. A senior FBI official stated that “the facts will evolve over time within the investigative activity, especially one this significant and this large.”
The ongoing probe into the PRC’s targeting of commercial telecom infrastructure has uncovered a large-scale and noteworthy cyber espionage operation.
FBI Warns iPhone and Android Users
In addition to stating that “the FBI began investigating this activity in late spring and early summer of this year,” he cautioned that this effort “identified that PRC affiliated cyber actors have compromised networks of multiple telecom companies to enable multiple activities.”
“Using a cell phone that automatically receives timely operating system updates, responsibly managed encryption, and phishing resistant MFA for email, social media, and collaboration tool accounts” is what the FBI official advised individuals to do.
Adding to this, Jeff Greene of CISA told Forbes, “We definitely need to do that, kind of look at what it means long-term, how we secure our networks.” He strongly encouraged Americans to “use your encrypted communications where you have it.”
According to the information available, the Salt Typhoon attacks did not steal extensive call and text content, but the FBI official cautioned that extensive call and text metadata was. However, “a small number of people who are primarily involved in government or political activities had their private communications compromised by the actors.” This would have included text and phone contents.
Political upheaval is hardly surprising given the scope of the hacking campaign and the consequences for US critical infrastructure and network security.
Chinese Hacking Telecommunications Networks
China’s purported efforts, known as Salt Typhoon, to infiltrate American telecommunications companies and acquire data about U.S. calls were the subject of a classified briefing for all senators on Wednesday, according to Reuters. When the briefing was over, “US senators vow[ed] action.”
“A Senate Commerce subcommittee will hold a hearing on December 11 on Salt Typhoon and how security threats pose risks to our communications networks, and review best practices,'” according to Reuters.
Concern over the extent and magnitude of the alleged Chinese hacking of American telecommunications networks is growing, as is uncertainty about when businesses and the government will be able to reassure citizens about the situation.
According to reports, CISA’s Greene recommended “that Americans should use encrypted apps for all their communications” during Tuesday’s initial media briefing (1,2). This means that even while iMessages and Google Messages are completely secured on those platforms, you should avoid sending messages from your iPhone to Android.
“Our recommendation, which we have discussed internally, is not new here: encryption is your friend, whether you’re using text messaging or have the ability to use encrypted voice communication,” Greene continued.
Encrypting the data will prevent the adversary from intercepting it, even if they are able to do so.
The FBI, CISA, NSA, and other Five Eyes organisations together issued a notice on Tuesday regarding the ongoing telco network breaches.
One obvious deficiency is the absence of end-to-end encryption to safeguard cross-platform RCS, SMS’s replacement. Samsung recently issued a PR release celebrating the success of RCS, highlighting the fact that only texting between Android devices is safe.
End-to-end encryption for Android and iPhone
The fact that Google and Apple separately recommend end-to-end encryption for Android and iPhone users, but it is still absent from RCS and has no estimated time of arrival, is still a glaring irony.
Although there isn’t a specific date yet, Google, GSMA, and the mobile standard-setter have stated that encryption will eventually be included to RCS.
With the media picking up on the security vulnerability after Apple’s upgrade, that assurance appeared to be a reaction to the criticism. Apple, the company behind the more fully encrypted iPhone environment, has refrained from commenting.
These warnings have an ironic twist. The FBI has long complained that the same technology can impede their investigations into seized devices and online accounts belonging to criminal suspects, so PC Mag noted that “this push to use end-to-end encryption is ironic.”
In light of this, the FBI’s exact language is crucial, emphasising prudent encryption, which has otherwise received little attention in stories. In this context, “responsible” refers to granting access to user data, and possibly content, through legitimate requests.
FBI recommends Whatsapp
Although this might seem like a subtlety, it is not. Due to their inability to grant access to any content without an endpoint (device) compromise, which would allow access to the data at one end of the end-to-end encryption, this excludes many of the biggest and most well-known messaging systems, including WhatsApp and Signal.
However, until RCS adds its own full encryption across iPhones and Androids, I still advise using the fully encrypted WhatsApp over RCS for any cross-platform chat.
These security measures vanish as soon as you leave Google’s or Apple’s walled gardens. Now that there are so many excellent, secure platforms accessible, the risk is not worth it. Given the constantly changing world of cyber threats, complete security is more important than ever.
Other completely encrypted platforms exist as well; Signal is the greatest of them all, albeit its install base is far smaller. The fact that Facebook Messenger now completely encrypts messages further distinguishes ordinary SMS/RCS texting as an anomaly.
Given this FBI/CISA warning, Signal and WhatsApp should also be your first choices because they allow cross-platform, completely encrypted audio and video calls.
Ironically, iPhone owners will be able to switch from iMessage as the default messenger on their smartphones with Apple’s iOS 18.2, which is scheduled for release this month. It’s all about timing.
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Tech
The US FDA Cited Musk’s Neuralink Animal Laboratory For ‘Objectionable Conditions.’
(VOR News) – The Food and Drug Administration (FDA) discovered Neuralink “objectionable conditions or practices” at an animal testing facility under the brain technology business Neuralink.
One firm that manufactures brain technology is Neuralink. The Food and Drug Administration (FDA) reprimanded the corporation and recommended that it take corrective action in response to the laboratory deficiencies that were found.
According to the letter delivered to Congress on November 29th, Food and Drug Administration (FDA) inspectors discovered the issues at Neuralink’s animal testing facility in California in June 2023.
The letter that was sent contained this information. The Food and Drug Administration had given the company permission to perform a limited study of their brain implant in human volunteers a few weeks prior.
Neuralink’s incident happened a few weeks after FDA approval.
During the time that Oregon Democrat Earl Blumenauer raised the issue, the agency was responding to particular challenges raised by Blumenauer, who has long been concerned about animal welfare. The problems had been raised by Blumenauer.
The Food and Drug Administration (FDA) alerted Blumenauer to the issue that was found at Neuralink and told Blumenauer that the company had to do repair operations on its own initiative. The agency did not consider them substantial enough to justify pursuing any regulatory action against them. They were deemed insufficiently serious.
The following is a quote from a statement issued by the Food and Drug Administration (FDA) in response to enquiries from Reuters. You can view the statement here: “The FDA’s inspection did not find evidence of any violations that would undermine the device’s safety.”
This action was conducted in response to citations that were given to the organisation regarding the documentation of their animal study. It should be mentioned that no further details regarding the sites that are of concern are included in this report.
Reuters reported in February that during an inspection conducted in June 2023, FDA officials found problems with document keeping and quality standards at Neuralink’s laboratory in California. The facility’s record-keeping and quality control practices were the focus of the investigation.
The examination was conducted in the United States of America. In contrast, the Food and Drug Administration inspectors had not yet decided how much action should be taken.
The Food and Drug Administration (FDA) did not comment on the issue, nor did it address whether these patients were afflicted with the same medical conditions described in the letter.
Neuralink didn’t respond to our questions about FDA concerns.
The company has stated that it goes above and above the current regulations for the care of animals when it comes to the way it handles animals used for research.
According to reports, in 2022, Neuralink employees voiced their displeasure with the company’s hurried testing practices, which led to animal suffering and the deaths of pigs, monkeys, and other creatures that weren’t needed for the trials. These accusations were made public, according to Reuters.
Neuralink is one of several businesses striving to help those who are unable to interact with the outside world due to illnesses including paralysis, blindness, and other problems. One company that uses this technology to translate human ideas into digital communication is Neuralink, which uses a brain chip.
This business, which has already implanted its device in two patients in the US, intends to conduct a study project in Canada that is similar to the one it has already completed in the US.
Musk has been tasked by President-elect Donald Trump’s team with cutting back on government spending on agencies like the Food and Drug team (FDA). The government of President-elect Trump appointed Musk to this role.
His role as the director of the newly created “Department of Government Efficiency” may help shield his own companies from additional regulation or enforcement and increase the government’s backing for them, according to Reuters. The news agency provided this information. A piece that was published precisely one month ago revealed this information.
SOURCE: USN
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Salman Ahmad is a seasoned freelance writer who contributes insightful articles to VORNews. With years of experience in journalism, he possesses a knack for crafting compelling narratives that resonate with readers. Salman’s writing style strikes a balance between depth and accessibility, allowing him to tackle complex topics while maintaining clarity.
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