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Microsofts New AI Hub in London Led by Google DeepMind Cofounder Signals Strategic Investment

Microsoft has signalled its strategic commitment to AI product development and research by introducing a new artificial intelligence facility in Londo

Microsoft has signalled its strategic commitment to AI product development and research by introducing a new artificial intelligence facility in London, headed by Mustafa Suleyman, cofounder of Google DeepMind. As the principal sponsor of OpenAI, Microsoft hopes to keep up its position as the industry leader in AI even as competition for talent in Europe heats up. This action is in line with Britains ambitions to bolster its standing as a technological powerhouse after holding the worlds firstever summit on AI safety. Microsofts pledge to spend £2.5 billion $3.16 billion in data centre infrastructure and AI skills development in Britain highlights its commitment to promoting innovation and economic growth in the area, even though the precise number of jobs generated is yet unknown. Suleyman highlighted the UKs commitment to advancing AI responsibly, emphasizing collaboration between government, businesses, and academia to drive investment and innovation. Read More..

B2B Tech News | 1 years ago          

Data Security in Focus boAt Initiates Probe into Alleged Customer Data Leak

Prominent Indian audio and wearable business boAt has initiated an instant inquiry in response to alarming claims of a possible data breach impacting

Prominent Indian audio and wearable business boAt has initiated an instant inquiry in response to alarming claims of a possible data breach impacting over 7.5 million consumers. "boAt is aware of recent claims regarding a potential data leak involving customer information," a business spokeswoman said, reaffirming the companys commitment to placing a high priority on data security. Following the publication of these findings, swift action was taken, underscoring boAts commitment to protecting the security and privacy of its clients information. Thanks to its costeffective products and focus on domestic production, boAt emerged as the market leader in true wearable stereo TWS devices in India last year, growing by 39% yearly. Read More..

B2B Tech News | 1 years ago          

TSMC Reassures Markets FullYear Revenue Unaffected by Earthquake

Concerns about an interruption to the worlds supply of semiconductors were allayed on Friday when Taiwan Semiconductor Manufacturing Co. TSMC reassure

Concerns about an interruption to the worlds supply of semiconductors were allayed on Friday when Taiwan Semiconductor Manufacturing Co. TSMC reassured that the large earthquake on April 3 would not impact its fullyear revenue. As stated in January, the business stuck to its fullyear sales target of a lowtomidtwenties percentage increase. The majority of the equipment in Taiwan fabs had entirely recovered by Friday, according to TSMC, the largest contract chipmaker in the world, even if other production lines in the impacted areas were more severely damaged. The business is giving clients the required updates while thoroughly assessing the circumstances. After a day off for inspections, work at TSMCs construction sites returned to normal on Thursday. Read More..

B2B Tech News | 1 years ago          

Trudeau Unveils C$2.4 Billion Package to Boost Canadas AI Sector

On Sunday, Canadian Prime Minister Justin Trudeau declared that the forthcoming budget will include a C$2.4 billion $1.77 billion package intended to

On Sunday, Canadian Prime Minister Justin Trudeau declared that the forthcoming budget will include a C$2.4 billion $1.77 billion package intended to support the nations artificial intelligence AI industry. The proposed initiatives include an expenditure of C$2 billion to build and enable access to computer resources and technical infrastructure for Canadian researchers, startups, and scaleups working in artificial intelligence. On April 16, the budget is expected to be unveiled. Read More..

B2B Tech News | 1 years ago          

Titans Q4 FY24 Report 17% YoY Revenue Growth, 86 New Stores Added

Titan announced a substantial 17% YoY increase in sales for the fourth quarter of FY24, along with the opening of 86 new locations to bring its total

Titan announced a substantial 17% YoY increase in sales for the fourth quarter of FY24, along with the opening of 86 new locations to bring its total number of outlets to 3,035 across the country. This rise was primarily driven by the jewellery category, with domestic operations rising 19% YoY thanks to doubledigit growth in buyers and samestore sales. Chicago, India, and Dubai are among the new locations where Tanishq has extended its reach. Additionally, the wearables and watches category grew by 7% YoY, with wearables accounting for 2% of sales and analogue watches for 7%. With ten new domestic stores and a 30% YoY growth in the studded category, Caratlanes business developed remarkably, achieving a network presence of 272 locations. Read More..

B2B Tech News | 1 years ago          

IMF Assessing Severe Drought Impact in Africa, Explores Support Measures

The International Monetary Fund IMF is now evaluating how a severe drought affects Africa and looking at methods to assist the impacted countries. Dir

The International Monetary Fund IMF is now evaluating how a severe drought affects Africa and looking at methods to assist the impacted countries. Director of Communications for the IMF Julie Kozack observed that climate shocks occur more often worldwide, with Africa being especially vulnerable. Over 29 million people in East Africa are affected by the worst drought in four decades, which is causing starvation, disease outbreaks like cholera, and displacement. 1.4 million people are internally displaced in Somalia alone, and the droughts catastrophic consequences on the countrys food and energy supplies prompted Zambia to declare a national emergency. Due to low rainfall, drought exacerbates water shortages, making the problems faced by impacted areas even more severe. Read More..

B2B Tech News | 1 years ago          

Chinas Central Bank Unveils $70 Billion ReLending Initiative for Technology Sector

In a statement issued on Sunday, Chinas central bank announced the launch of a 500 billion yuan $70 billion relending programme designed to support th

In a statement issued on Sunday, Chinas central bank announced the launch of a 500 billion yuan $70 billion relending programme designed to support the nations research and technology sectors. The programme will provide small and midsize technology companies with loans at a lowinterest rate of 1.75% through 21 institutions. To provide borrowers flexibility, these oneyear loans will have the option of two extensions, each lasting up to a year. Chinese officials are attempting to improve liquidity and restore confidence in the secondlargest economy in the world against obstacles such as a real estate crisis and trade conflicts with essential allies. Read More..

B2B Tech News | 1 years ago          

Meta Introduces Made with AI Labels Policy Changes Aimed at Combatting Misinformation

Ahead of the 2018 U.S. elections, Meta, the parent company of Facebook and Instagram, made substantial policy modifications involving digitally genera

Ahead of the 2018 U.S. elections, Meta, the parent company of Facebook and Instagram, made substantial policy modifications involving digitally generated and changed media. Meta will broaden its previous policy, confined to a subset of doctored media, and start introducing "Made with AI" labels for AIgenerated videos, photos, and audio starting in May. Furthermore, Meta plans to provide distinct and easily noticeable labelling for digitally modified content that is judged to have a significant chance of misleading the general audience. This change indicates a trend away from just eliminating material and towards informing viewers about the process of creating it. These reforms have raised concerns about how emerging generative AI technologies can affect political campaigns and disinformation. Read More..

B2B Tech News | 1 years ago          



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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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5.  Approximately 8 billion gadgets connect on the internet every day.
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