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Macron Pledges France’s Support for Ethiopia’s Urgent Debt Restructuring During State Visit

While visiting Ethiopia on Saturday, French President Emmanuel Macron emphasised the need for a resolution "in the coming weeks" and voiced his strong

While visiting Ethiopia on Saturday, French President Emmanuel Macron emphasised the need for a resolution "in the coming weeks" and voiced his strong support for the countrys debt restructuring efforts. Following Ethiopias recent agreement with the International Monetary Fund IMF on the second review of a $3.4 billion lending program, Macron has endorsed the move. "Thanks to your commitment to the reform program you are leading, we aim to complete the restructuring of this three billioneuro debt in the next few weeks," Macron said during a joint press conference with Ethiopian Prime Minister Abiy Ahmed. He also emphasised Frances unwavering support for the current IMF talks, especially a pivotal meeting scheduled for midJanuary. Read More..

B2B Tech News | 1 years ago          

Central Bank of Nigeria Grants BDCs Temporary Access to Official Forex Market for 6 Weeks

Bureau de Change BDC operators now have temporary access to the official foreign exchange market from 19 December 2024 to 30 January 2025, the Central

Bureau de Change BDC operators now have temporary access to the official foreign exchange market from 19 December 2024 to 30 January 2025, the Central Bank of Nigeria CBN stated Thursday. This agreement allows BDC operators to buy up to $25,000 per week from approved dealers all transactions must be funded in advance at going rates and with a maximum spread of 1%. The CBNs custom of selling foreign exchange to BDCs directly at a subsidised rate has changed. The statement failed to explain the decision, which gives BDCs access to a recently introduced automated FX trading system meant to replace the outdated overthecounter system. Read More..

B2B Tech News | 1 years ago          

Prax and Shell Abandon Sale of 37.5% Stake in PCK Schwedt Refinery Amid Legal Delays

Prax and Shell informed the public on Friday that Shells 37.5% ownership of the PCK Schwedt oil refinery in Germany will not be sold. The agreement wa

Prax and Shell informed the public on Friday that Shells 37.5% ownership of the PCK Schwedt oil refinery in Germany will not be sold. The agreement was reached in December last year, but thirdparty lawsuits caused delays. The decision by the German government to deprive Russian oil company Rosneft of authority over the refinery, which was prompted by the 2022 breaking of GermanyRussian energy links, created complications. Both businesses confirmed in their announcements that they had decided to withdraw from the deal. Read More..

B2B Tech News | 1 years ago          

Microsoft Unveils RealTime Translation Feature for Live Captions on Copilot+ PCs

In a Windows blog post, the company said it is testing a new realtime translation function in Live Captions for Copilot+ PCs with AMD and Intel chipse

In a Windows blog post, the company said it is testing a new realtime translation function in Live Captions for Copilot+ PCs with AMD and Intel chipsets. The most recent Windows 11 Insider preview build 26120.2705 has this capability, which lets users convert audio from more than 44 languages into English and shows the translations as bottomofscreen subtitles. Initially limited to devices with Snapdragon processors, this upgrade allows a select group of users to test the feature and offer feedback. Additionally, Snapdragon devices have been improved, enabling simplified Chinese translation. The update also fixes bugs in the Recall feature, which enhances the platforms overall user experience. Read More..

B2B Tech News | 1 years ago          

Genesis Model Integrates Multiple Physics Solvers for Enhanced Robotic Simulations

The generative AI physics model Genesis was introduced recently, demonstrating its promise for physical AI applications and generalpurpose robotics by

The generative AI physics model Genesis was introduced recently, demonstrating its promise for physical AI applications and generalpurpose robotics by simulating fourdimensional 4D worlds. Over 20 research labs collaborated over two years to develop Genesis, which can attain simulation speeds up to 80 times faster than those of conventional GPUaccelerated systems. Installing it requires PyTorch, accessible through the Python Package Index PyPI. The model enables the simulation of various physical events and materials by combining several physics solvers into a single framework. With claims of simulation rates up to 430,000 times faster than realtime while retaining excellent accuracy and realism, it is noteworthy that it can learn robotic locomotion policies in just 26 seconds on a single Nvidia RTX4090 GPU. Read More..

B2B Tech News | 1 years ago          

Rapido Fixes Major Security Flaw Exposing User Data on RideHailing Platform

Rapido has fixed a serious security vulnerability that exposed users and drivers private information on its ridehailing platform. According to a repor

Rapido has fixed a serious security vulnerability that exposed users and drivers private information on its ridehailing platform. According to a report, an application programming interface API vulnerability exposed complete names, email addresses, and phone numbers on a feedback form meant to collect comments. Renganathan P, a security researcher, found the vulnerability, which impacted a site that gathered input from over 1,800 users. A test entry was made to validate the provided data through the feedback form. With CEO Aravind Sanka acknowledging that the survey links had unintentionally reached undesired public users, Rapido secured the portal to prevent unauthorised access. The problem has since been fixed. Read More..

B2B Tech News | 1 years ago          

KAIST Unveils WalkON Suit F1 A GameChanger for Paraplegic Mobility

The lightweight wearable exoskeleton, the WalkON Suit F1, created by researchers at South Koreas KAIST, enables paraplegic individuals to walk, climb

The lightweight wearable exoskeleton, the WalkON Suit F1, created by researchers at South Koreas KAIST, enables paraplegic individuals to walk, climb stairs, and negotiate obstacles. Weighing fifty kilogrammes and constructed of titanium and aluminium, it has twelve motors that simulate the motions of human joints. The suits 1,000signalpersecond sensors compensate for sensory limitations by anticipating the users intents and using frontmounted lenses to detect obstructions and stairs. Paraplegic team member Kim Seunghwan quickly demonstrated the suit by sidestepping, climbing stairs, and walking at 3.2 kph. The group hopes to incorporate such technology into everyday life, drawing inspiration from Iron Man. At Cybathlon 2024, Kim won gold, showcasing the suits revolutionary mobility potential. Read More..

B2B Tech News | 1 years ago          

OpenAI Tests New AI Models o3 and o3 Mini, Promises Breakthroughs in Complex Reasoning

OpenAI declared that it is testing two new AI reasoning models, o3 and o3 mini. The company plans to release the complete o3 model shortly after the o

OpenAI declared that it is testing two new AI reasoning models, o3 and o3 mini. The company plans to release the complete o3 model shortly after the o3 mini by the end of January. CEO Sam Altman emphasised that these sophisticated large language models have the potential to surpass current systems, resolving challenging arithmetic, coding, and scientific problems while promoting user adoption and investment. The o3 models, which are undergoing internal safety testing, expand upon the features of the o1 models, which were introduced in September and were intended for more complex query processing. Before the models are made public, outside researchers can apply to test them. The developments at OpenAI heighten competition with competitors such as Google, which just unveiled Gemini, the second iteration of their AI model. Read More..

B2B Tech News | 1 years ago          



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