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GMUAW Agreement Rebounds as Majority Backs Deal in Recent Votes

The United Auto Workers UAW agreement with General Motors GM is back on track for ratification as over 54% of finalized votes from around 30,700 autow

The United Auto Workers UAW agreement with General Motors GM is back on track for ratification as over 54% of finalized votes from around 30,700 autoworkers support the deal. Initially faced with major assembly plants rejecting it, the vote swing saw GMs Arlington Assembly and a joint venture battery plant in favor of the pact. While Ford Motor and Stellantis votes have been mostly favorable, GMs deal includes 25% wage hikes and benefits. Despite discontent among some veteran workers over unmet expectations for a shorter workweek, the UAW emphasizes members authority in contract decisions. Rejection at GM would reflect poorly on UAW President Shawn Fain despite praise for the negotiated terms. Read More..

B2B Tech News | 2 years ago          

UK Urges Tariff Concessions on EVs in IndiaUK FTA for Auto Market Entry

The UK aims for tariff concessions on Electric Vehicles EVs in ongoing IndiaUK FTA talks, seeking entry into Indias auto market, the worlds thirdlarge

The UK aims for tariff concessions on Electric Vehicles EVs in ongoing IndiaUK FTA talks, seeking entry into Indias auto market, the worlds thirdlargest. With plans to phase out Internal Combustion IC engines by 2035, London eyes increased EV exports beyond the EU. Indias 100% tariffs on imported cars prompt this move. Pending issues, including rules of origin and intellectual property rights IPR, delay the FTAs signing, initially slated for last years Diwali. Both nations, amid upcoming elections, aim to finalize the deal, having settled 21 out of 26 chapters. Indian Foreign Minister S. Jaishankar highlights the FTA as a key focus in IndiaUK relations, aiming for a mutually beneficial agreement. Read More..

B2B Tech News | 2 years ago          

YouTubes Latest Update Unveils Seamless Content Continuation Across Devices

YouTube has launched significant updates to enrich the user experience, introducing enhanced 1080p resolution for Android and TVs. Initially, on iOS a

YouTube has launched significant updates to enrich the user experience, introducing enhanced 1080p resolution for Android and TVs. Initially, on iOS and the web, this quality boost adapts based on connection or user settings, accessible in the quality menu. Expanding its usability, the "Continue watching" feature spans tablets and smart TVs, allowing seamless content continuation. An experimental addition, "Conversational AI," introduces an "Ask" button for video queries and summarizes comments via AI. US users gain thirdparty perks through Premium benefits, from gaming bundles to memberships. These augment YouTube Premiums adfree viewing, downloads, and recent features like queuing and Meet Live Sharing, promising more exclusives ahead. Read More..

B2B Tech News | 2 years ago          

Copilot Takes Flight Microsofts Revamped AI Chat for All

Microsoft revealed the rebranding of Bing Chat to "Copilot" at Ignite, offering a standalone web page for access. This shift enables users to utilize

Microsoft revealed the rebranding of Bing Chat to "Copilot" at Ignite, offering a standalone web page for access. This shift enables users to utilize Copilot beyond Bing and Windows, accessible via any browser. Signin via a Microsoft account or Entra ID for enterprise users is mandatory. Additionally, Microsoft expanded AI capabilities across services like Teams, Microsoft 365, and Azure. Copilot Studio, a lowcode tool, customizes Copilot for Microsoft 365, empowering tailored versions for specific tasks. It merges conversational abilities and plugins, available in preview for Microsoft 365. Similarly, OpenAI introduced a tool akin to personalize ChatGPT. Updates to Teams include AIdriven noise reduction, background enhancement, and immersive 3D spaces for meetings in January 2024. Read More..

B2B Tech News | 2 years ago          

OpenAIs ChatGPT4 Turbo Revolutionizes AI with Custom Agents for All

OpenAI, led by Sam Altman, entices developers with reduced pricing and customizable AI "agents" like ChatGPT4 Turbo, catering from laundry advice to n

OpenAI, led by Sam Altman, entices developers with reduced pricing and customizable AI "agents" like ChatGPT4 Turbo, catering from laundry advice to negotiations. Altman anticipates AI ubiquity, empowering individuals with "superpowers on demand." Over 2 million developers engage with OpenAI, with ChatGPTs 100 million weekly users. Amid AI race spurred by ChatGPTs launch, global concerns prompt regulatory actions. President Bidens executive order seeks US leadership in AI risk management. OpenAI responds with a Turbo version and customizable GPTs, aiming for a GPT "store" where developers can monetize their creations. Microsoft heavily invested in OpenAI, integrating its tech into Bing. These strides democratize conversational AI for wider adoption. Read More..

B2B Tech News | 2 years ago          

Ignite Unveils Microsofts Custom AI Chips Maia 100 & Cobalt 100 Take Center Stage

Microsoft debuted new custom AI chips—Azure Maia 100 for running big language models and training AI, and Azure Cobalt 100 CPU for general computing

Microsoft debuted new custom AI chips—Azure Maia 100 for running big language models and training AI, and Azure Cobalt 100 CPU for general computing tasks—at its Ignite conference. Maia 100, on a 5nm architecture, handles AI workloads for Azure services like Bing and Microsoft 365. Cobalt 100, an Armbased CPU with 128 cores, boosts efficiency in cloud services. These chips will be in Azure data centers next year, exclusively powering Microsofts AI services, while NVIDIA GPUs will also join to support larger language models. Read More..

B2B Tech News | 2 years ago          

Blackstone Leads Race for FDICs $17 Billion Signature Bank Loan Portfolio

According to reports, Blackstone is leading the competition to buy the $17 billion portfolio of commercial real estate loans from the sale of debt hel

According to reports, Blackstone is leading the competition to buy the $17 billion portfolio of commercial real estate loans from the sale of debt held by Signature Bank by the Federal Deposit Insurance Corp. FDIC in the United States. In September, the failing Signature Banks $33 billion commercial real estate loan portfolio was listed for sale by the FDIC. It is also reported that Starwood Capital Group and Brookfield Asset Management are among the other finance firms vying for the portfolio. Furthermore, the Wall Street Journal reports that a partnership between two charitable organisations and Related Fund Management is expected to prevail in an auction for billions of dollars worth of Signature Bank debts secured by New York apartment buildings. Read More..

B2B Tech News | 2 years ago          

Westpac to Raise $488 Million in Additional Tier 1 Capital Transaction

The thirdbiggest bank in Australia, Westpac Banking Corp., has disclosed that it intends to raise AUD 750 million $488.1 million through an Additional

The thirdbiggest bank in Australia, Westpac Banking Corp., has disclosed that it intends to raise AUD 750 million $488.1 million through an Additional Tier 1 AT1 capital transaction. At the lower end of the suggested margin range, bids totalling AUD 2.35 billion have been made by investors. The notes are predicted to have an interest margin of 3.3% to 3.10% when released for AUD 100 apiece. The bookbuild procedure will decide the ultimate margin. The purpose of AT1 bonds is to support banks in managing their cash flow during difficult times. In September, the Australian Prudential Regulation Authority APRA declared that the AT1 bond regulations will be reviewed. Read More..

B2B Tech News | 2 years ago          



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