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Goldman Sachs Ventures into AI 12 Projects Underway for Business Integration

According to George Lee, cohead of Goldmans division of applied innovation, the financial giant is now engaged in twelve initiatives aimed at incorpor

According to George Lee, cohead of Goldmans division of applied innovation, the financial giant is now engaged in twelve initiatives aimed at incorporating generative artificial intelligence into its business processes. The projects involve creating documentation and coding code with instructions in the English language. However, because financial services are regulated, none of the programmes directly involve clients. While appreciating the promise of the technology, Lee underlined the necessity of cautious and methodical advancement with generative AI, emphasising the requirement of having a "human in the loop" to oversee and intervene as necessary. JPMorgan Chase and rival Morgan Stanley are also investigating the use of generative AI in their business processes. Read More..

B2B Tech News | 2 years ago          

EUs Digital Services Act YouTube and TikTok Under Deadline for Child Safety Answers

The European Union has given Alphabets YouTube and TikTok until November 30th to reply to a request for information about how they shield kids from ob

The European Union has given Alphabets YouTube and TikTok until November 30th to reply to a request for information about how they shield kids from objectionable and unlawful content. The request is a component of the EUs attempts to guarantee adherence to the Digital Services Act, a new set of rules governing Big Tech. The European Commission is looking for information on the steps these platforms have made to improve the protections for children. A companys worldwide turnover might be fined up to 6% if the new regulations are broken. After reviewing the responses, the Commission will decide what to do next. Read More..

B2B Tech News | 2 years ago          

Revolutionizing Reality The Impact of Humanes Ai Pin

A Silicon Valley firm called Humane has unveiled the Ai Pin, a wearable gadget that costs $699 and uses cuttingedge artificial intelligence. The Ai Pi

A Silicon Valley firm called Humane has unveiled the Ai Pin, a wearable gadget that costs $699 and uses cuttingedge artificial intelligence. The Ai Pin, which is meant to be worn on clothes, makes use of OpenAI and Microsoft technology to facilitate communication with a virtual assistant. Humanes technology emphasises AI interaction above traditional screens, in contrast to mixedreality headsets. The virtual assistant can utilise the builtin camera to take photographs and estimate nutritional content, create messages in the users tone, and summarise emails using the "Catch Me Up" feature. The startup was started by former Apple employees to fuse AI with everyday living. Read More..

B2B Tech News | 2 years ago          

Financial Shockwave ICBC U.S. Division Rocked by Ransomware Assault

Trades involving US Treasury securities were interfered with by a ransomware assault on Chinas Industrial and Commercial Bank of China ICBC U.S. divis

Trades involving US Treasury securities were interfered with by a ransomware assault on Chinas Industrial and Commercial Bank of China ICBC U.S. division. ICBC Financial Services is looking into the event, which they believe was planned by the Lockbit cybercrime group. A rising number of bold assaults are associated with the ransomware trend, which presents difficulties for law enforcement. Even though ICBC was able to clear Treasury and repo deals, the event raises questions about large organisations cybersecurity procedures. Even while the impact on the market appeared to be minimal, concerns about cybersecurity preparedness and possible regulatory scrutiny are probably going to arise. This occurrence makes closing off financial channels for cybercriminals more difficult, necessitating increased international informationsharing. Read More..

B2B Tech News | 2 years ago          

FICOs Outstanding Q4 Performance Sparks Profit Surge

The robust success of Fair Isaac, or FICO, scoring and software divisions was the main driver of the companys greater earnings during the fourth quart

The robust success of Fair Isaac, or FICO, scoring and software divisions was the main driver of the companys greater earnings during the fourth quarter. Financial organisations utilise the FICO Score, which is wellknown, to determine the risk of consumer credit. The companys software section, which offers analytics and data technology to organisations, recorded an 11% sales gain this quarter, while the scoring division saw a 12% revenue increase. With total revenue of $389.7 million, the firm declared a net income of $101.4 million, or $4.01 per share, as opposed to $90.7 million, or $3.55 per share, in the same quarter last year. Read More..

B2B Tech News | 2 years ago          

Viasat Surpasses Expectations with Strong Q2 Revenue

Viasats satellitebased internet services did really well in the second quarter, which helped them make more money than Wall Street expected. The busin

Viasats satellitebased internet services did really well in the second quarter, which helped them make more money than Wall Street expected. The business, which serves residential, commercial, and defence clients in North America with connection and communications services, is seeing rapid expansion in this market. Additionally, Viasat is developing its global mobility value proposition to deliver dependable service in difficulttomanage and crowded locations. Despite a few recent setbacks, such as satellite failures and job losses after Inmarsat was acquired, the business is upbeat about its chances for continued expansion. Viasat anticipates that its total income for 2024, including Inmarsats contributions, will fall between $4.10 billion and $4.25 billion. Read More..

B2B Tech News | 2 years ago          

SingTels Impressive HalfYearly Profit Soars by 83%

The merger of regional partner Telkomsel with IndiHome and increased contributions from its other businesses have helped Singapore Telecommunications

The merger of regional partner Telkomsel with IndiHome and increased contributions from its other businesses have helped Singapore Telecommunications SingTel claim an 83% increase in its halfyearly earnings. To penetrate Indonesias fixed broadband market, Telkomsel, SingTels partner in Indonesia, is combining with the IndiHome broadband division of its parent company. It was anticipated that SingTel would own a 29.6% share in the expanded integrated mobile and fixed broadband firm following the completion of this agreement in the third quarter of 2023. In contrast to S$1.17 billion the year before, SingTels net profit for the six months that ended on September 30 was S$2.14 billion $1.58 billion. Read More..

B2B Tech News | 2 years ago          

Toyotas EV Push Thailand Aims to Boost EcoCar Manufacturing

Thailand is concentrating on auto production, namely in pickup trucks and ecocars, and is working with Toyota Motor Corp. to grow its electric vehicle

Thailand is concentrating on auto production, namely in pickup trucks and ecocars, and is working with Toyota Motor Corp. to grow its electric vehicle EV business. As part of its attempt to increase EV sales in Thailand, where it is facing increasing competition from Chinese rivals, Toyota intends to testdrive the first electric pickup truck in that nation. By 2030, Thailand wants to produce 2.5 million EVs annually or onethird of all cars. Around half of all EV sales in Southeast Asia occurred in the nation in the second quarter, with Chinese brands leading the way. 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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