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Itochu Partners with Google to Advance Renewable Energy Goals in Japan

Itochu signed a longterm power supply agreement with Google on Friday, marking a significant milestone that would help the internet giant achieve its

Itochu signed a longterm power supply agreement with Google on Friday, marking a significant milestone that would help the internet giant achieve its goals in Japan with renewable energy. Itochu wants to start supplying Google with solar electricity in 2024 through its portfolio firm, Clean Energy Connect CEC. It can deliver up to 72 megawatts by 2026. This calculated action demonstrates Itochus dedication to the renewable energy industry, especially in addressing the growing need brought on by data centre operations and generative artificial intelligence. The partnership strengthens Itochus position as a major player in Japans renewable energy sector. It represents a significant step towards Googles sustainability ambitions. Read More..

B2B Tech News | 1 years ago          

ECOWAS Faces Renewal Amid Internal Divisions and External Pressures

Amid recent coups and economic turmoil in West Africa, ECOWAS seeks regeneration amid challenges from internal divisions and foreign forces such as th

Amid recent coups and economic turmoil in West Africa, ECOWAS seeks regeneration amid challenges from internal divisions and foreign forces such as the Alliance of Sahel States. Initiatives for discussion and the election of a new president in Senegal provide optimism for revitalization. International economist Magaye Gaye asserts that for ECOWAS to continue playing an economic role, it has to concentrate on industrial complementarity, energy, industry, integration, and intraregional commerce. Meanwhile, diplomatic tensions, intensified by Chinas intervention, are reflected in the impasse between Benin and Niger over crude oil loading and border closure. The reopening of the border still needs to be revised despite discussions. With 60 MW of power already in service, the Nachtigal Dam in Cameroon solves the countrys energy challenges and helps alleviate Doualas power outages. Read More..

B2B Tech News | 1 years ago          

Intuit Reports Surge in Revenue in Q3 Driven by Demand for AIIntegrated Products

Due to a successful tax season and high demand for its AIintegrated products, such as TurboTax, Intuit saw a spike in sales in the third quarter. Intu

Due to a successful tax season and high demand for its AIintegrated products, such as TurboTax, Intuit saw a spike in sales in the third quarter. Intuits financial management solutions, including TurboTax, Credit Karma, and QuickBooks, are highly soughtafter by small businesses and individuals alike. With tailored financial advice, the companys AIpowered Intuit Assist further improves the client experience. CEO Sasan Goodarzi highlighted AIdriven SKUs. Intuit increased its projected yearly revenue to $16.16–$16.20 billion as the postCOVID world returns to routine with tax season approaching. Revenue for the third quarter increased by 12% to $6.74 billion, driven mainly through small business and consumer market growth. Read More..

B2B Tech News | 1 years ago          

U.S. Jury Orders Micron Technology to Pay $445 Million in Damages to Netlist

A U.S. jury has mandated that Micron Technology, a semiconductor manufacturer, reimburse Netlist $445 million for patent infringement related to memor

A U.S. jury has mandated that Micron Technology, a semiconductor manufacturer, reimburse Netlist $445 million for patent infringement related to memory modules. The jury decided in favour of Netlist, finding that Microns semiconductormemory devices violated two patents that improved the performance and capacity of memory modules. In a verdict involving deliberate infringement, damages might be tripled. Boise, Idahobased Micron has yet to reply. The lawyer for Netlist conveyed appreciation to the jury for recognising its originality. This comes after Netlist defeated Samsung in a lawsuit worth $303 million. The ruling amount may affect Microns stock rise, especially after a recent patent office tribunal nullified one of Netlists patents. Read More..

B2B Tech News | 1 years ago          

British Startup Unify Simplifies Large Language Model Selection for Developers

A British business called Unify provides a router tool to assist developers in navigating the challenges of choosing the most appropriate Large Langua

A British business called Unify provides a router tool to assist developers in navigating the challenges of choosing the most appropriate Large Language Models LLMs for their applications. Unifys platform allows customers to input criteria and discover the most appropriate LLM based on cost, speed, and accuracy requirements. CEO Daniel Lenton, a former Imperial College alum, leads the company. Unifys router application leverages AI to quickly integrate new model providers by learning from extensive benchmarks. Lenton highlights Unifys distinct methodology that collaboratively optimises quality, cost, and speed, distinguishing it from rivals. With 3,000 members and prominent backers like SignalFire and Y Combinator, Unify hopes to make money by providing businesses with specialised benchmarking services, giving them a customised answer in the rapidly changing field of AI development. Read More..

B2B Tech News | 1 years ago          

Spotify Develops SpanishSpeaking AI DJ, Expanding AI Capabilities

Hugging Face, an AI company, and Amazon Web Services AWS have partnered to expedite the implementation of AI models using AWS proprietary computer chi

Hugging Face, an AI company, and Amazon Web Services AWS have partnered to expedite the implementation of AI models using AWS proprietary computer chips known as Inferentia2. AI developers may access and alter opensource AI models with Hugging Face. By working together, we aim to improve the efficiency and affordability of running AI models on AWS, meeting the demands of developers who want to integrate modified models into software applications. AWS offers Inferentia2 as a strong option for conducting inference at scale by highlighting the financial benefits of their processors for inference workloads in contrast to Nvidias hegemony in model training. Read More..

B2B Tech News | 1 years ago          

South Korea Announces $19 Billion Support Package for Semiconductor Industry

South Korea unveiled a 26 trillion won $19 billion assistance package to help its semiconductor sector stay competitive internationally. As President

South Korea unveiled a 26 trillion won $19 billion assistance package to help its semiconductor sector stay competitive internationally. As President Yoon Suk Yeol highlighted, the semiconductor industry is vital, characterising it as a battlefield for "allout national warfare." The package includes a 1 trillion won fund to help fabless firms and equipment producers and a 17 trillion won financial support programme via the Korea Development Bank. The government wants to take South Koreas nonmemory chip market share from 2% to 10% of the world market. In addition, South Korea is building a massive chip cluster in Yongin to lure fabless chip equipment businesses with the promise of reducing red tape and accelerating construction. Read More..

B2B Tech News | 1 years ago          

Nvidia Thrives Amid Generative AI Boom, Sees Surge in Demand for Graphics Processors

With its graphics processors in great demand for sophisticated AI models that produce video and interact with people like them, Nvidia is prospering a

With its graphics processors in great demand for sophisticated AI models that produce video and interact with people like them, Nvidia is prospering amid the generative AI boom. CEO Jensen Huang anticipated a significant future demand increase and emphasised the rising significance of physicsgrounded technologies and 3D media. Nvidias Grace Hopper chips—like the H200 utilised in OpenAIs GPT4—are essential for these kinds of jobs. With their AI platforms, clients like Google DeepMind and Meta Platforms are also generating demand. Nvidias shares increased by 9% due to the data centre units more than fivefold expansion. Notably, Tesla has doubled the amount of Nvidia processors it uses for AI training. This year, Nvidias data centre business is anticipated to develop considerably in the automotive sector. Read More..

B2B Tech News | 1 years ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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