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Cathay Pacific Repurchases All GovernmentIssued Warrants in $196 Million Buyback

The buyback of all the warrants valued at HK$1.53 billion $196.2 million awarded to the Hong Kong government in 2020 has been completed, according to

The buyback of all the warrants valued at HK$1.53 billion $196.2 million awarded to the Hong Kong government in 2020 has been completed, according to a statement released on Friday by Cathay Pacific. In light of the difficulties encountered during the epidemic, the airline undertook this buyback as part of its recapitalisation efforts. This decision has significantly advanced the companys financial recovery and strategic restructuring. Cathay Pacific hopes to improve its financial stability and fortify its balance sheet by repurchasing these warrants. After a period of economic instability, the airlines commitment to stabilising its operations and increasing shareholder value is demonstrated by this buyback. Read More..

B2B Tech News | 1 years ago          

Amazon Invests $660 Million to Increase Delivery Driver Wages and Enhance Safety Features

Amazon declared it will invest $660 million over the following year to increase pay for its Delivery Service Partners DSP. Through this program, the a

Amazon declared it will invest $660 million over the following year to increase pay for its Delivery Service Partners DSP. Through this program, the average national salary for drivers is expected to rise by $1.50 to about $22 per hour, or 7% more than the previous year. The money totals $12.3 billion over six years as part of a more significant $2.1 billion investment in the DSP program. Amazon will also release an app that lets drivers get up to 50% of their earned income early and utilise artificial intelligence AI to improve safety by supplying 18 million safety cues for 200 million roadways. This action is in response to recent NLRB rulings that raise questions about Amazons possible joint employer status with contractors, something the firm contests. Read More..

B2B Tech News | 1 years ago          

Mistral Launches Pixtral 12B First Multimodal AI Model for Advanced Image Processing

With an emphasis on computer vision and the ability to respond to enquiries about uploaded photos or URLs, Mistral has released Pixtral 12B, its first

With an emphasis on computer vision and the ability to respond to enquiries about uploaded photos or URLs, Mistral has released Pixtral 12B, its first multimodal AI model. Pixtral cannot produce pictures, unlike models like Stable Diffusion or Midjourneys GANs. Pixtral 12B, released on GitHub and Hugging Face, has 12 billion parameters and needs a strong GPU or PC with NPU support. It is superior at word processing and imagerelated jobs since it is based on Mistrals Nemo 12B AI model. The model is free for personal and commercial usage and is licensed under an Apache 2.0 license. Read More..

B2B Tech News | 1 years ago          

Google’s Gemini App Brings AIPowered "Gems" to iOS and Android for TaskSpecific Chatbots

AIpowered agents known as "Gems," previously exclusive to the web version, have been added to Googles Gemini app for iOS and Android. By utilising a s

AIpowered agents known as "Gems," previously exclusive to the web version, have been added to Googles Gemini app for iOS and Android. By utilising a small dataset designed explicitly for their intended use, these specialised chatbots are made for specialised tasks and provide quicker and more accurate replies. The Gem Manager offers prebuilt agents like Learning Coach and Career Guide and has sections like "Your Gems" and "By Google," allowing users to access and manage Gems. The apps main page has also been redesigned with this version, which is only available to Gemini Advanced users. It offers a more simplified user experience with a more minimalist UI. Read More..

B2B Tech News | 1 years ago          

Salesforce Launches AI Models xGenSales and xLAM to Revolutionize Sales Automation

New AI models from Salesforce, called xGenSales and xLAM, are intended to improve autonomous sales processes and provide valuable insights. A speciali

New AI models from Salesforce, called xGenSales and xLAM, are intended to improve autonomous sales processes and provide valuable insights. A specialised sales model, xGenSales, enhances automation by managing call summaries, monitoring pipelines, and creating client insights. Because of its integration with Agentforce, AI agents can now teach sales representatives more successfully. Additionally, Salesforce AI Research introduced xLAM, a family of Large Action Models LAMs that can operate independently within systems and applications. These models perform better than more expansive AI models, offering quicker and more affordable fixes. By enabling businesses to concentrate on strategic goals while AI handles mundane activities, the program seeks to transform AIdriven sales and business automation. Read More..

B2B Tech News | 1 years ago          

Microsoft Cloud Services, Including Word, Excel, and Teams, Recover After Major Outage

Following an interruption that impacted thousands of customers on Thursday, Microsofts cloudbased productivity suite, which includes Word, Excel, and

Following an interruption that impacted thousands of customers on Thursday, Microsofts cloudbased productivity suite, which includes Word, Excel, and Teams, has resumed. The organisation attested that the problem, which originated from modifications in the controlled environment of a thirdparty ISP, has been resolved. Around 90,000 users, mainly in the United States, reported that the outage affected Microsoft services in several areas. The affected services were Xbox, Bing, Microsoft 365, Azure, Teams, and Teams. Two months earlier, a CrowdStrike upgrade caused 8.5 million Windows machines to experience a similar disruption, identical to the current outage. After the supplier fixed the problem, Microsoft saw that connections from AT&T networks were also momentarily affected. Read More..

B2B Tech News | 1 years ago          

OpenAI Launches "Strawberry" AI Models with Advanced Reasoning and ProblemSolving Skills

The "Strawberry" line of artificial intelligence models, developed by Microsoftbacked OpenAI, aims to enhance reasoning and problemsolving skills. Com

The "Strawberry" line of artificial intelligence models, developed by Microsoftbacked OpenAI, aims to enhance reasoning and problemsolving skills. Compared to earlier iterations, the dubbed "o1" and "o1mini" models, unveiled on Thursday, can do increasingly difficult jobs in science, coding, and mathematics. With an 83% score on the qualifying test for the International Mathematics Olympiad, the o1 model—accessible via ChatGPT and API—performed noticeably better than its predecessor, GPT4o. The models can improve their performance without human intervention by using a "chainofthought" reasoning approach to decompose issues into logical steps automatically. The work of OpenAI, which was first mentioned in 2023, demonstrates the organizations dedication to improving AIs capacity to handle complex problems. Read More..

B2B Tech News | 1 years ago          

AWS Announces $1.8 Billion Investment in Brazil to Expand Data Center Infrastructure

The cloud computing branch of Amazon, known as Amazon Web Services AWS, has revealed a significant investment of 10.1 billion reais $1.8 billion in Br

The cloud computing branch of Amazon, known as Amazon Web Services AWS, has revealed a significant investment of 10.1 billion reais $1.8 billion in Brazil until 2034 to improve its data centre infrastructure. This additional financing aims to develop, connect, grow, run, and maintain data centres around the nation. This pledge highlights AWSs continuous commitment to strengthening its position in the Latin American market and expands on its previous investment of 19.2 billion reais from 2011 to 2023. The expansion will enhance AWSs service capabilities in Brazil and meet the increasing demand. Read More..

B2B Tech News | 1 years ago          



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