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Photobucket Aims for Comeback CEO Ted Leonard Looks to Revitalize Platform with AI Training Data

Once a top imagehosting website, Photobucket now only has 2 million users. However, Ted Leonard, the CEO, wants to bring the platform back to life by

Once a top imagehosting website, Photobucket now only has 2 million users. However, Ted Leonard, the CEO, wants to bring the platform back to life by allowing generative AI training to use its enormous database of 13 billion images and videos. Through negotiations, IT companies have revealed a billiondollar potential market. While big businesses like Google and Meta used to utilise openly scraped data, they are now looking for licenced material. Securing rights to realworld content is an emerging sector of AI data startups such as Defined.ai, with charges that vary depending on the type of content. However, ethical and privacy concerns persist since AI systems could unintentionally include personal data without express approval. Read More..

B2B Tech News | 1 years ago          

CoralRaider Vietnamese Hackers Target Asia with RotBot Remote Access Tool, Says Cisco Talos

Cisco Talos has identified the Vietnamese hackers as CoralRaider, and they are running a broad campaign throughout Asia, including South Korea, China,

Cisco Talos has identified the Vietnamese hackers as CoralRaider, and they are running a broad campaign throughout Asia, including South Korea, China, India, and other countries. They want to obtain financial information and business credentials using RotBot, a specialised remote access tool. Talos claims that the organisation is from Vietnam because of the Vietnamese language used in their malware and communication channels. A malicious Windows shortcut that starts an infection chain is the first step in the assault. RotBot downloads and runs malware by running PowerShell scripts under the pretence of an HTML application. The XClient info stealer collects information from social media sites and other web browsers, concentrating on payment methods, permissions, business and advertising accounts, and other details. Read More..

B2B Tech News | 1 years ago          

Mphasis and AWS Join Forces to Launch Gen AI Foundry, Accelerating AI Adoption in Financial Services

A multiyear worldwide Strategic Collaboration Agreement SCA has been signed by Mphasis and Amazon Web Services AWS to introduce the Gen AI Foundry, wh

A multiyear worldwide Strategic Collaboration Agreement SCA has been signed by Mphasis and Amazon Web Services AWS to introduce the Gen AI Foundry, which Mphasis. AI will head. This division primarily concentrates on the financial services industry and specializes in AI solutions, consultancy, and business transformation. By utilizing generative AI for solutions like Intelligent Document Processing IDP and contact centre transformation, the partnership seeks to expedite the adoption and modernization of AI. Viewed as a significant step towards providing sophisticated cloud and cognitive services driven by AWSs generative AI and data services, Mphasis CEO Nitin Rakesh sees the relationship. Targeting Fortune 100 banks, brokerage houses, and insurance companies, the project aligns with Mphasis goal to establish itself as a reliable provider of financial services. Alight and Mphasis will also work together to develop an intelligent data processing platform. Read More..

B2B Tech News | 1 years ago          

SiMa.ai Secures $70 Million Funding Boost Led by Maverick Capital for NextGen AI Chips

An extra $70 million in investment led by Maverick Capital has been received by SiMa.ai, a pioneer in embedded edge machine learning systems, increasi

An extra $70 million in investment led by Maverick Capital has been received by SiMa.ai, a pioneer in embedded edge machine learning systems, increasing their total capital to $270 million. By Q1 2025, the development and delivery of their secondgeneration Machine Learning SystemonChip MLSoC will be supported by this financing. For all edge AI requirements, the new MLSoC will offer a softwarecentric platform that supports a range of modalities, from computer vision to generative AI. Partner innovations like Arm, Synopsys, and TSMC will improve efficiency and performance. SiMa.ai wants to meet the growing need for edge AI solutions and establish itself as a significant player in the quickly changing field of embedded edge computing. Read More..

B2B Tech News | 1 years ago          

Boeing Compensates Alaska Airlines $160 Million for 737 Max Grounding After Incident

Boeing paid Alaska Airlines $160 million in compensation during the first quarter for the 737 Max 9 aircraft grounding after Flight 1282 in January. F

Boeing paid Alaska Airlines $160 million in compensation during the first quarter for the 737 Max 9 aircraft grounding after Flight 1282 in January. Following an incident in which an Alaska Airlines Boeing 737 Max 9s door plug blew out, the Federal Aviation Administration grounded the aircraft. Alaska Airlines reported good demand in February and March, surpassing pregrounding projections, despite the immediate impact of the accident on demand. Boeings decision to compensate significant clients such as Alaska Airlines reflects the increased government investigation and production halt brought on by the event. Pilots at United Airlines were offered unpaid leave in May when the airline experienced delays in Boeing deliveries. U.S. airlines and Boeing are scheduled to release their firstquarter earnings. Read More..

B2B Tech News | 1 years ago          

L&T Stock Slips 1.09% Despite Capital Goods Index Gain Whats Behind the Lag?

Over the last month, Larsen & Toubro Ltd L&T has increased by 3.15%, trailing the 6.13% increase in the S&P BSE Capital Goods index and the 0.27% incr

Over the last month, Larsen & Toubro Ltd L&T has increased by 3.15%, trailing the 6.13% increase in the S&P BSE Capital Goods index and the 0.27% increase in the SENSEX. L&Ts shares fell 1.09% to Rs 3758.55 today, while the S&P BSE Capital Goods index saw a 0.24% decline to 62456.34. The S&P BSE Capital Goods index increased 76.1% in the past year, surpassing the benchmark SENSEXs 24.16% gain. With 1588 shares traded on the BSE instead of the typical 1.12 lakh shares, L&Ts stock traded below its average daily volume. After hitting a 52week low of Rs 2161.1 on April 5, 2023, the stock rose to a record high of Rs 3859.65 on April 2, 2024. Read More..

B2B Tech News | 1 years ago          

Cyber Safety Review Board Slams Microsoft Over State Department Email Breach

The Cyber Safety Review Boards report highlights the avoidable aspect of the breach. It censures Microsofts corporate culture for undervaluing enterpr

The Cyber Safety Review Boards report highlights the avoidable aspect of the breach. It censures Microsofts corporate culture for undervaluing enterprise security investments in the wake of the statelinked hack into Microsoft Exchange Online, which led to the theft of 60,000 emails from the U.S. State Department. The board suggests that all cloud service providers and government partners implement comparable securityfocused adjustments, and it calls on Microsoft to make plans for these reforms publicly available for all of its products. The attacks, linked to a threat actor with ties to China, highlight the need for security upgrades in Microsoft and the more significant cloud services industry. CEO of Tenable Amit Yoran urged industrywide cybersecurity measures and commended the reports thoroughness. Microsoft has come under fire for its reaction, even though it acknowledged that its security culture needed to alter significantly. Read More..

B2B Tech News | 1 years ago          

Samsung Unveils AIPowered Home Appliances for Smart Living at Mumbai Store

Samsung hopes to transform home management by unveiling AIenabled products at its BKC shop in Mumbai. These internetconnected smart appliances—which

Samsung hopes to transform home management by unveiling AIenabled products at its BKC shop in Mumbai. These internetconnected smart appliances—which include air conditioners, washing machines, refrigerators, microwaves, and webcams—have builtin WiFi, cameras, and Artificial Intelligence AI processors. The refrigerator can provide recipe recommendations using stored goods and identify up to 33 different types of food. Through the SmartThings app, the AIpowered air conditioner notifies users when appliances are close enough to start or stop. The microwave can automatically modify recipes to a "lowfat" version. The AI Wash function allows the washing machine to customise settings depending on load weight, fabric type, water level, and detergent level. The washing machine learns laundry routines over time and modifies wash cycles accordingly. Read More..

B2B Tech News | 1 years ago          



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