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Challenges in EU as Lawmakers Struggle to Agree on Generative AI Regulation in AI Act

Legislators in the European Union need help reaching a consensus on how to govern generative AI, which includes ChatGPT systems, as part of the planne

Legislators in the European Union need help reaching a consensus on how to govern generative AI, which includes ChatGPT systems, as part of the planned AI Act. Foundation models—like those created by Microsoftbacked OpenAI—represent a significant obstacle in the talks. Some experts in France, Germany, and Italy support letting generative AI model developers selfregulate. In contrast, others suggest a tiered system for controlling foundation models depending on user numbers. The AI Act attempts to control artificial intelligence in the EU. This might be in jeopardy due to disagreements on these and other issues. The last negotiations are set for December 6, and should an agreement not be reached, the act could be shelved because of a deadline for European parliamentary elections next year. Read More..

B2B Tech News | 2 years ago          

OpenAI Pushes Back Launch of Custom GPT Store to 2024

The opening of OpenAIs unique GPT shop has been postponed until early 2024, according to an internal memo seen by Reuters. At its inaugural developer

The opening of OpenAIs unique GPT shop has been postponed until early 2024, according to an internal memo seen by Reuters. At its inaugural developer conference in November, the business unveiled the store and customised GPTs, with plans to offer them later that month. According to OpenAI, the wait is necessary so that GPTs may continue to be improved based on user input. This news coincides with internal corporate restructuring, which includes CEO Sam Altmans dismissal and reappointment. Users can share and profit from their personalised GPTs through the shop, which is made to carry out realworld chores. Read More..

B2B Tech News | 2 years ago          

Walmart Distances Itself from X Amid Antisemitic Content Concerns

Walmart declared that it will no longer run advertisements on X previously Twitter, adding its name to the list of businesses that have shunned the pl

Walmart declared that it will no longer run advertisements on X previously Twitter, adding its name to the list of businesses that have shunned the platform since Elon Musk bought it in October 2022. The action was taken in response to worries over antisemitic content on X, which caused sponsors to leave recently. Elon Musks divisive remarks, which include supporting untrue assertions about the Jewish community, have made it harder for the platform to draw in new sponsors. Several other wellknown companies, including Apple, Walt Disney, and Warner Bros. Discovery, have also halted their advertisements on X due to worries over their placement next to antisemitic messages. Read More..

B2B Tech News | 2 years ago          

Bitcoins Near 19Month High Boosts Crypto Miners and Companies

Shares of cryptocurrency miners and companies that track Bitcoin prices rose due to the cryptocurrency reaching a nearly 19month high, now trading at

Shares of cryptocurrency miners and companies that track Bitcoin prices rose due to the cryptocurrency reaching a nearly 19month high, now trading at $38,337. The spike and potential attraction of more financial investments are attributed to the growing confidence surrounding approving a Bitcoin spot exchangetraded fund ETF. The share prices of bitcoin miners TeraWulf, Marathon Digital, and Riot Platforms increased by 1.7% to 4%. Businesses mining Bitcoin also increased their output because of the prospect of a 2024 "halving" event, in which the incentives for producing new coins are halved. The major causes of the overall positive sentiment are growing expectations for a spot ETF and the removal of uncertainties, such as concerns about regulations and quicker money creation in 2024. Read More..

B2B Tech News | 2 years ago          

US Tightens Rules on Chinese Content in EV Batteries for Tax Credits

With effect from next year, the Biden administrations guidelines will limit the amount of Chinese material in batteries that qualify for electric vehi

With effect from next year, the Biden administrations guidelines will limit the amount of Chinese material in batteries that qualify for electric vehicle EV tax credits. In a move that benefits automakers, the US Treasury will temporarily exclude several trace essential minerals from the new, stringent regulations. Based on legislation passed in August 2022, the regulations are meant to lessen the US EV battery supply chains reliance on China. The Foreign Entity of Concern FEOC regulations will go into force for essential minerals in 2025 and finished batteries in 2024. Proposing a twoyear exception for trace elements, the Alliance for Automotive Innovation deemed the move "significant and welladvised." Read More..

B2B Tech News | 2 years ago          

Rich Data Co Raises $17.5 Million in Series B Funding Round Led by Westpac and nCino

Rich Data Co RDC, a software startup in Sydney, has raised $17.5 million in a Series B fundraising round headed by nCino and Westpac. RDC helps banks

Rich Data Co RDC, a software startup in Sydney, has raised $17.5 million in a Series B fundraising round headed by nCino and Westpac. RDC helps banks make more accurate loan choices by giving them insights into borrower behaviour with explainable artificial intelligence AI. With this new finance, RDC will quickly expand into North America after previously concentrating on international markets such as China, Vietnam, and North America. In 2020, the business joined Neobank Judo and National Australia Bank to access the Australian market. By upending current lending practices and strengthening its position as a leader in the AI decisionmaking market, the investment will enable RDC to improve its AI decisionmaking platform. Read More..

B2B Tech News | 2 years ago          

TikTok Expands European Presence with Acquisition of Data Centre in Norway

After purchasing a data centre from Green Mountain AS in Norway, TikTok now owns the social media firms most significant data centre in Europe. Byteda

After purchasing a data centre from Green Mountain AS in Norway, TikTok now owns the social media firms most significant data centre in Europe. Bytedance, a Chinese company, owns TikTok, which stores user data locally in Europe to ease worries about data privacy. Concerns about Chinese government access to European TikTok users data have been raised, which led to the decision. When it opens for business in the summer of next year, the data centre in Hamar, Norway, will run on renewable energy and produce heat that may be recycled. Over the next ten years, TikTok will invest €12 billion in Project Clover, a data security program. Read More..

B2B Tech News | 2 years ago          

Broadcom Embeds AI Capabilities in Trident 5X12 Networking Processors for Enhanced Efficiency

To improve the performance and taskhandling capabilities of its Trident networking processors, especially in data centres, Broadcom has included artif

To improve the performance and taskhandling capabilities of its Trident networking processors, especially in data centres, Broadcom has included artificial intelligence characteristics into the most recent version of the chip. Using 5nanometer manufacturing technology, the Trident 5X12 microprocessor has characteristics including higher network bandwidth and lower power usage. The AI capabilities aim to reduce network traffic congestion by addressing data movement inside large AI clusters. Customers may set the chip to recognise specific sorts of harmful traffic, including denialofservice assaults or congestion, after building AI models based on their data centre traffic. Read More..

B2B Tech News | 2 years ago          



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