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Grasim Industries Secures Rs 1,250 Crore Investment from IFC for Sustainability Initiatives

The International Finance Corporation IFC has invested Rs 1,250 crore in Grasim Industries Limited, the flagship business of the Aditya Birla Group, t

The International Finance Corporation IFC has invested Rs 1,250 crore in Grasim Industries Limited, the flagship business of the Aditya Birla Group, to support the companys sustainability efforts in the paint manufacturing sector. The investment will accelerate Grasims decarbonisation efforts, which will take the form of NonConvertible Debentures NCDs, emphasising water recycling and using renewable energy. Grasims managing director, H K Agarwal, thanked the investor and emphasised the companys dedication to a lowcarbon economy and compliance with the Sustainable Development Goals of the United Nations. The funding from IFC will help Grasim grow in a way that is kind to the environment and promotes the use of water and energysaving technology. Grasim also announced the debut of "Birla Opus," a new decorative paint brand that aims to use sustainable manufacturing techniques and ambitious revenue targets within the next few years. Read More..

B2B Tech News | 1 years ago          

Saudi Arabia Plans $40 Billion Fund for Investing in Artificial Intelligence

According to the New York Times, Saudi Arabia intends to create a $40 billion fund for AI investments. To open an office in Riyadh, the Public Investm

According to the New York Times, Saudi Arabia intends to create a $40 billion fund for AI investments. To open an office in Riyadh, the Public Investment Fund PIF of Saudi Arabia has discussed possible collaborations with American venture capital company Andreessen Horowitz and other firms. The fund seeks to assist AIrelated tech businesses like data centres and chip manufacturers. The project, anticipated to begin in the second half of 2024, reflects Saudi Arabias goal to use its resources and financial ability to establish itself as a centre for AI research. PIF and Andreessen Horowitz have yet to respond to requests for comment. Read More..

B2B Tech News | 1 years ago          

Mintlify Data Breach Exposes GitHub Tokens of 91 Customers

A data breach at documentation company Mintlify at the beginning of March exposed 91 customers GitHub tokens. Unauthorised access to private repositor

A data breach at documentation company Mintlify at the beginning of March exposed 91 customers GitHub tokens. Unauthorised access to private repositories may be possible with these tokens, which provide other parties access to GitHub accounts. Mintlify blamed the event on a system flaw that allowed users to get internal admin credentials. Despite the companys initial claim that "no further action is required" from clients, some users received warnings about the incident a few days later. To stop such situations in the future, Mintlify is deprecating the usage of private tokens and is collaborating with GitHub to look into whether the compromised tokens were used to access private repositories. The cofounder of Mintlify labelled the breach as evil even though it was first reported as a bug reward. Read More..

B2B Tech News | 1 years ago          

Cognizant Partners with NVIDIA to Accelerate Drug Discovery with Generative AI

Cognizant and NVIDIA are collaborating to use Generative Artificial Intelligence Gen AI technology, namely the NVIDIA BioNeMo platform, to address cha

Cognizant and NVIDIA are collaborating to use Generative Artificial Intelligence Gen AI technology, namely the NVIDIA BioNeMo platform, to address challenging drug development problems in the life sciences industry. Researchers can quickly and correctly filter through large datasets, anticipate medicinal compound interactions, and accelerate the discovery of novel medicines by utilising Gen AI. Using this partnership, Cognizant hopes to lower the need for infrastructure and manual intervention by giving clients access to pretrained generative AI models and sophisticated frameworks. Alvin DaCosta of NVIDIA highlights how using BioNeMo can lead to better drug discovery results. Cognizant intends to create an NVIDIA AI Centre of Excellence to advance its partnership with NVIDIA into new markets, including manufacturing and automotive engineering, to drive innovation for clients worldwide. Read More..

B2B Tech News | 1 years ago          

CrowdStrike and NVIDIA Join Forces to Enhance Cybersecurity with AI Computing Services Integration

To improve cybersecurity capabilities, CrowdStrike and NVIDIA have announced a strategic partnership to see NVIDIAs AI computing services integrated i

To improve cybersecurity capabilities, CrowdStrike and NVIDIA have announced a strategic partnership to see NVIDIAs AI computing services integrated into the Falcon XDR platform. By integrating NVIDIAs GPUoptimized AI pipelines with Falcon platform data, enterprises may enhance threat detection and response capabilities by utilising bespoke generative AI models. This partnership aims to counter the growing sophistication and speed of contemporary cyberattacks. CrowdStrike CEO George Kurtz highlights the partnerships emphasis on leveraging AI technology to accelerate commercial value. NVIDIA CEO Jensen Huang highlights the value of data processing in cybersecurity and how their combined solution may improve threat visibility for businesses. Through the partnership, Falcon users can use AIpowered solutions for quicker breach detection and response, using NVIDIAs accelerated computing capabilities and CrowdStrikes extensive security telemetry. Read More..

B2B Tech News | 1 years ago          

Microsoft Taps DeepMind Cofounder Mustafa Suleyman to Lead New Consumer AI Unit

Microsoft has named cofounder of DeepMind Mustafa Suleyman to head its new consumer AI division, combining projects like the Copilot chatbot and the n

Microsoft has named cofounder of DeepMind Mustafa Suleyman to head its new consumer AI division, combining projects like the Copilot chatbot and the next Bing browser. As CEO, Suleyman will oversee the Copilot and Bing teams at Inflection AI and answer directly to Microsoft AI. This action is intended to support Microsofts AI initiatives in the face of increasing competition, especially from Google. Cofounder of Inflection AI Karen Simonyan joins as chief scientist. Amid regulatory scrutiny, Microsoft reiterated its dedication to its relationship with OpenAI. Sean White will take over as CEO of Inflection AI, which is supported by Microsoft and Nvidia and will change its focus to offering models for commercial clients. Read More..

B2B Tech News | 1 years ago          

Nvidia Unveils Project GR00T A NextGen Hardware and Software Platform for HumanLike Robots

During its developer conference, Nvidia unveiled a hardware and software framework for creating robots that resemble humans. Under the Project GR00T m

During its developer conference, Nvidia unveiled a hardware and software framework for creating robots that resemble humans. Under the Project GR00T moniker, the platform consists of a computer system called "Jetson Thor," which is driven by AI processors from Nvidia and genAI software that allows robots to react to inputs using a combination of language, video, human demonstrations, and prior experiences. Vice President Rev. Lebaredian stressed cooperation with the robotics and simulation ecosystem while highlighting the platforms potential in heavy industries. The package of tools dubbed the "Isaac" platform, includes tools for multicamera sensing, reinforcement learning, and developing robotic arm functionalities. Nvidia intends to distribute pretrained robotics models and additional software updates to improve robot capabilities further. Read More..

B2B Tech News | 1 years ago          

Federal Bank Reduces Bill of Lading Handover Time to 3 Hours with Digital Solution

By switching to a digital solution, Federal Bank successfully cut the lead time for transferring lading bills from up to a week to just three hours. T

By switching to a digital solution, Federal Bank successfully cut the lead time for transferring lading bills from up to a week to just three hours. This step reduces hazards like forgery, loss, and theft of paper copies in addition to doing away with reams of paper. Furthermore, lowering the amount of paper used and the carbon emissions related to courier services aligns with Environmental, Social, and Governance ESG principles. Senior Vice President of Federal Bank Rathna Mala L V noted that the bank was happy to be the first in India to successfully finish a pilot programme for digital export document collection through the use of the WaveBL platform, highlighting the advantages of digital transactions in terms of quicker response times and increased operational effectiveness. VP of Financial Institutions, Ofer Ein Bar at WaveBL, emphasized Federal Banks and WaveBLs shared commitment to drive innovation and sustainability in trade finance. Read More..

B2B Tech News | 1 years ago          



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