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Amazon and iRobot Scrap $1.4 Billion Merger Plans Amid Regulatory Opposition

Because US and EU antitrust authorities are against the proposed $1.4 billion merger, Amazon and iRobot have decided to scrap their plans. iRobot reve

Because US and EU antitrust authorities are against the proposed $1.4 billion merger, Amazon and iRobot have decided to scrap their plans. iRobot revealed a significant reorganisation plan that included Colin Angle, the companys creator, resigning as CEO and eliminating 350 positions, or around 31% of the staff. According to Amazon, there was no way for the proposed purchase to receive regulatory approval in the EU. The head of EU antitrust cited worries that the purchase would give Amazon the power to limit access to Amazon stores, forcing out iRobots competitors. Before the corporations announced their withdrawal, it was purported that the Federal Trade Commission FTC was prepared to reject the agreement. Read More..

B2B Tech News | 2 years ago          

Japanese Ministry of Industry Invests in Chip Development with $307 Million Subsidies

Japans industry ministry plans to donate around 45.2 billion yen $307 million in subsidies to encourage the advancement of optical technologies for ch

Japans industry ministry plans to donate around 45.2 billion yen $307 million in subsidies to encourage the advancement of optical technologies for chips to strengthen the nations semiconductor sector. The following businesses are involved in the initiative SK Hynix, NEC, Kioxia, Furukawa Electric, Shinko Electric, and Intel. The semiconductor industry wants to use optical technologies to lower power consumption and increase signal transmission speed. Amidst growing competition in sophisticated technologies, especially from China, Japan seeks to fortify its position in the chip industry and forge alliances with allies. Read More..

B2B Tech News | 2 years ago          

Saudi Railway Company Teams Up with "Sirar by STC" for Cybersecurity Boost

The Saudi Railway Company SAR and "Sirar by STC" have teamed up to improve the essential cybersecurity of the transit network. The partnership seeks t

The Saudi Railway Company SAR and "Sirar by STC" have teamed up to improve the essential cybersecurity of the transit network. The partnership seeks to offer cuttingedge cybersecurity solutions to protect Saudi Arabias vast railway network, enhancing traveller and freight security throughout the kingdom. Concerns about the cybersecurity of rail transport networks, regarded as essential national infrastructure, are rising, which is why the collaboration was formed. The issue for rail networks is integrating new advances with old technology, making the network more vulnerable to assault. This agreement will improve the cybersecurity posture of SARs railway network, and these concerns will be addressed. Read More..

B2B Tech News | 2 years ago          

Volkswagen to Integrate OpenAIs ChatGPT for Enhanced InCar Voice Assistant

Volkswagen intends to use ChatGPT from OpenAI into its cars in the second quarter of 2024. The chatbot will allow for more realistic conversation betw

Volkswagen intends to use ChatGPT from OpenAI into its cars in the second quarter of 2024. The chatbot will allow for more realistic conversation between the driver and the vehicle by improving IDA, VWs incar voice assistant. First accessible in Europe, the function could eventually reach the US. VW wants to provide conversational, handsfree interactions for controlling the temperature and responding to general inquiries. A thirdparty solution called Cerence Chat Pro software makes the integration easier. VWs action aligns with the trend of automakers equipping their cars with massive language models and generative AI. Read More..

B2B Tech News | 2 years ago          

OpenAIs ChatGPT Faces Data Privacy Violation Allegations in Italy

OpenAI has been notified by Garante, Italys data protection regulator, that ChatGPT, their AI chatbot application, violates data protection regulation

OpenAI has been notified by Garante, Italys data protection regulator, that ChatGPT, their AI chatbot application, violates data protection regulations. Due to suspected infringement of EU privacy rules, Garante launched an inquiry last year and temporarily suspended ChatGPT. Even though OpenAI resolved some flaws, and the service was restarted, Garante has recently determined that aspects suggest possible data privacy violations. Microsoftsupported OpenAI has 30 days to make its defence case. The inquiry will consider the conclusions of a European task group comprising state privacy watchdogs. The first nation in Western Europe to outlaw ChatGPT was Italy. Read More..

B2B Tech News | 2 years ago          

Elon Musks Neuralink Reports Success in First Human BrainComputer Interface Trial

For the first time, a BrainComputer Interface BCI has been successfully implanted in a human patient by Elon Musks brainchip business, Neuralink. On t

For the first time, a BrainComputer Interface BCI has been successfully implanted in a human patient by Elon Musks brainchip business, Neuralink. On the social networking site X, Elon Musk declared that the preliminary findings indicated a promising neuron spike detection. The U.S. Food and Drug Administration FDA permitted Neuralink to conduct its first human experiment last year. The BCI implant is positioned in a brain area that regulates the intention to move in the research. Neuralink seeks to aid individuals in overcoming neurological disorders, including disability. The first product made by the firm using this technology is called "Telepathy." Read More..

B2B Tech News | 2 years ago          

China Cinda, China Orient, and China Great Wall Asset Management to Merge into CIC

According to reports, China intends to combine China Cinda Asset Management, China Orient Asset Management, and China Great Wall Asset Management—th

According to reports, China intends to combine China Cinda Asset Management, China Orient Asset Management, and China Great Wall Asset Management—three of the nations leading bad debt managers—into China Investment Corp CIC, a sovereign wealth fund. The Chinese government is committed to keeping its functions as a shareholder and regulatory of stateowned financial institutions distinct, as evidenced by this action. Combining these Asset Management Corps AMCs into CIC aligns with more significant initiatives to address risks in the nations financial industry and reform financial institutions, especially concerning issues like the real estate crisis and local government debt. Read More..

B2B Tech News | 2 years ago          

Holcim Plans $30 Billion Spinoff of North American Operations

One of the biggest cement manufacturers in the world, Holcim, has stated that it intends to float all its North American operations in New York. The c

One of the biggest cement manufacturers in the world, Holcim, has stated that it intends to float all its North American operations in New York. The company may be worth roughly $30 billion after the change. The divestiture is anticipated to be finished in the first half of 2025. On May 1, Jan Jenisch, the CEO, will retire, and Miljan Gutovic will take over. By 2030, the spinoff hopes to increase yearly sales in the United States from around $11 billion to over $20 billion and turn a profit from operations of more than $5 billion. The Swiss SMI index will continue to list the remainder of Holcims international operations. Read More..

B2B Tech News | 2 years ago          



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