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Yellow Class Rebrands as SpeakX, Aiming to Empower Global English Fluency

Yellow Class undergoes a substantial rebranding, emerging as SpeakX with a focus on empowering children in English fluency. The transformation aims to

Yellow Class undergoes a substantial rebranding, emerging as SpeakX with a focus on empowering children in English fluency. The transformation aims to reach 200 million children globally, prioritizing accessible English learning. SpeakX emphasizes enjoyable and efficient learning to address the crucial need for English proficiency in a competitive job market and global citizenship. Arpit Mittal, SpeakXs founder, envisions breaking language barriers and fostering confidence in childrens English conversation. The platform employs speech technology and Large Language Models LLM for a personalized AI tutor, offering adaptive learning, engaging content, and affordable monthly subscriptions at Rs 200 per student. SpeakX sets itself apart in the EdTech sector with a threelayered AI system centered on speech, learning objectives, and tailored content. Read More..

B2B Tech News | 2 years ago          

Analysis Reveals 15% Central Grant Loss for States in 15th FCs Four Years

As the Centre prepares for the 16th Finance Commission FC, an analysis reveals that states experienced a Rs 1.3 trillion or 15% loss in Central govern

As the Centre prepares for the 16th Finance Commission FC, an analysis reveals that states experienced a Rs 1.3 trillion or 15% loss in Central government grants during the initial four years of the 15th FCs sixyear award period. This deficit stemmed largely from states failure to meet eligibility conditions for incentives, with urban and rural local bodies contributing significantly to underutilization. Grants encompass five categories addressing revenue deficits, local governments, disaster management, and specific sectors, with the bulk allocated for local bodies, reflecting the Centers emphasis on local infrastructure. However, sluggish reforms in these bodies led to decreased funds utilization, with only 79% utilization compared to previous FC periods, affecting service delivery and infrastructure development. Read More..

B2B Tech News | 2 years ago          

Japan Grapples with 2.3% B2B Inflation Labor Costs a Driving Force

Japan observed a 2.3% increase in businesstobusiness service inflation in October, driven by heightened labor expenses, as per Bank of Japan data. Sec

Japan observed a 2.3% increase in businesstobusiness service inflation in October, driven by heightened labor expenses, as per Bank of Japan data. Sectors such as information, communication, machinery repair, and worker dispatching saw fee hikes due to rising labor costs. Notably, hotel fees surged by 49.9% owing to increased inbound tourism. This inflation trend signifies advancements toward sustained price hikes and robust wage growth. BOJ Governor Kazuo Ueda stresses the necessity of demanddriven price increases linked to higher wages for normalizing ultraloose monetary policy. With inflation surpassing the 2% target, companies face pressure to raise wages to attract and retain talent. Economists foresee potential policy shifts amidst ongoing labor and cost pressures. Read More..

B2B Tech News | 2 years ago          

AIM Research Recognizes USEReady as Top Generative AI Service Provider

USEReady, a data analytics solutions provider, earns recognition as a "Leader" in AIM Researchs PeMA Quadrant 2023 for Top Generative AI Service Provi

USEReady, a data analytics solutions provider, earns recognition as a "Leader" in AIM Researchs PeMA Quadrant 2023 for Top Generative AI Service Providers. This accolade underscores their innovation, technical prowess, and dedication to delivering practical AI solutions. Highlighted is USEReadys strength in converting proof of concepts POCs into enduring partnerships, showcasing their capacity to scale initial engagements to meet client needs effectively. Their diverse industry involvements demonstrate adeptness in applying generative AI across various sectors. Uday Hegde, Cofounder & CEO, expresses gratitude for this acknowledgment, emphasizing their commitment to fostering an Intelligent Enterprise through trusted and responsible AI. Following investment from Abry Partners, USEReady expands with proprietary solutions, enhancing analytics landscapes for interested clientele. Read More..

B2B Tech News | 2 years ago          

Microsofts £2.5bn AI Investment Bolsters UK Tech Infrastructure

Microsoft commits £2.5bn for UK AI infrastructure as part of the governments £29.5bn foreign investment revelation. The pledge includes more data ce

Microsoft commits £2.5bn for UK AI infrastructure as part of the governments £29.5bn foreign investment revelation. The pledge includes more data centers and numerous graphics processing units GPUs to power AI applications. Alongside, Ellison Institute of Technology commits £1bn to its Oxford Campus for R&D, while SBI Investment leads a $100m raise into Oxford Quantum Circuits. Prime Minister Rishi Sunak emphasizes this influx fuels economic growth across industries like clean energy and life sciences, creating quality jobs nationwide. Specifics on the timeline for Microsofts investment remain undisclosed, with the company set to reveal more details later. The surge in AI application demand, exemplified by Microsofts ChatGPT, drives the need for enhanced hardware infrastructure. Read More..

B2B Tech News | 2 years ago          

Alibaba Enacts Changes, Closes Quantum Lab in Workforce Reduction Move

Alibabas Quantum Computing Lab closure signals potential costcutting measures amid a companywide overhaul led by Joseph Tsai and Eddie Wu. Equipment f

Alibabas Quantum Computing Lab closure signals potential costcutting measures amid a companywide overhaul led by Joseph Tsai and Eddie Wu. Equipment from the lab will be donated to Zhejiang University, resulting in 30 staff losses, some possibly redirected within the institution. This move follows the abandonment of a cloud services spinoff and signifies potential shifts in Alibabas longterm strategy. Before this, the company was planning a complex sixway split. Recent executive appointments within Alibaba Cloud aim to revamp the division losing ground to statebacked competitors. The closure affects DAMO Academy, initially envisioned as Alibabas innovation hub, reflecting Alibabas costcontrol strategies amid workforce reductions since 2022. Read More..

B2B Tech News | 2 years ago          

SK Telecoms Metaverse Ambitions Collaborations Fuel Global Expansion

SK Telecom SKT has partnered with CelcomDigi, Agate, and Cosmic Technologies in Southeast Asia to expand its "ifland" metaverse platform globally. Col

SK Telecom SKT has partnered with CelcomDigi, Agate, and Cosmic Technologies in Southeast Asia to expand its "ifland" metaverse platform globally. Collaborating with these companies allows SKT to offer localized content and marketing in Malaysia, Indonesia, and the Philippines, leveraging partners market insights without initial platform development costs. Anticipating accelerated international growth for ifland, SKT plans upgrades such as new language additions and locationbased content recommendations. Granting more administrative rights to partners aims to increase engagement in their respective markets. SKT eyes further deals in the US, India, and Europe, aiming to enhance iflands global presence. The partnerships underscore SKTs dedication to tailored, localcentric metaverse expansion amidst its global availability in 49 countries since November 2022. Read More..

B2B Tech News | 2 years ago          

Global Initiative Nations Collaborate for Safe and Secure AI Systems

18 nations, including the US, UK, Germany, and Italy, have agreed on guidelines to safeguard AI technology, urging tech firms to create inherently sec

18 nations, including the US, UK, Germany, and Italy, have agreed on guidelines to safeguard AI technology, urging tech firms to create inherently secure AI systems. The nonbinding agreement emphasizes monitoring AI for misuse, securing data, and vetting software suppliers. Director Jen Easterly of the US Cybersecurity and Infrastructure Security Agency highlighted the focus on safety over rapid market deployment. Among the signatories are India, which supports responsible AI development through the Digital India Act. Minister Rajeev Chandrasekhar stressed the Acts role in preventing AI harm, particularly on social media, with India poised to have over 1.24 billion internet users by 20252026, necessitating safety measures against AI misuse. Read More..

B2B Tech News | 2 years ago          



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Refresh Your Facts

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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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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