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Ant Groups AI Revolution Gets the Green Signal in China

The Chinese government has given Ant Group, Alibabas financial subsidiary, permission to release goods for general consumption that are powered by its

The Chinese government has given Ant Group, Alibabas financial subsidiary, permission to release goods for general consumption that are powered by its "Bailing" AI large language model. China, in contrast to other nations, has stringent rules requiring government approval and security studies before releasing AI technologies for public use. In September, Ant Group launched a financefocused AI model and started testing consumer and business applications for these goods. This was a significant step towards the adoption of AIpowered solutions in Chinas financial industry. Read More..

B2B Tech News | 2 years ago          

Musks xAI A Comedy Spin on Artificial Intelligence

In addition to being a standalone app, Elon Musks artificial intelligence business, xAI, will be incorporated into his social media network, X. Musk m

In addition to being a standalone app, Elon Musks artificial intelligence business, xAI, will be incorporated into his social media network, X. Musk made this declaration in a recent post. The startup unveiled Grok, its first AI model that aims to provide humorous answers to queries. Musk wants to develop AI technologies that support humanitys pursuit of knowledge and understanding. xAI works closely with Musks other businesses, which include Tesla, an electric vehicle company, and his social networking platform X. Musk has criticised Big Techs artificial intelligence initiatives, and xAI is positioned as a "maximum truthseeking AI" to compete with Microsofts Bing AI and Googles Bard AI. Read More..

B2B Tech News | 2 years ago          

Societe Generales Q3 Net Profit Soars by Over a Third

Increased income at Societe Generales worldwide retail, financial services, and insurance divisions contributed to a more than threefold increase in t

Increased income at Societe Generales worldwide retail, financial services, and insurance divisions contributed to a more than threefold increase in the French banks thirdquarter net profit. SocGens net profit for the third quarter of 2018 increased by 35.7% year over year to 1.1 billion euros $1.25 billion. The international retail banking segment, which profited from the consolidation of the recently acquired Romanian bank BT Microcredit, and its financial services and insurance arm, which saw a recovery in its insurance sector, drove the 3.9% increase in total group income to 6.3 billion euros. Read More..

B2B Tech News | 2 years ago          

Canadian Newcomer Alfajiri Wins Congos HighStakes Lake Kivu Gas Deal

The Canadian startup Alfajiri Energy Corporation was given the goahead to extract methane from Lake Kivu by the Democratic Republic of the Congo, even

The Canadian startup Alfajiri Energy Corporation was given the goahead to extract methane from Lake Kivu by the Democratic Republic of the Congo, even though it didnt match the tenders financial requirements. Given the "killer lakes" potential for a catastrophic eruption, the Lake Kivu project, which aims to produce gas for power generation and alleviate the nations electricity need, has been controversial. The project came up for auction by a 2015 law intended to encourage openness in the oil and gas industry however, Alfajiri Energy Corporation was unable to participate since it did not have the necessary financial records. Moreover, an assessment report dated December 8, 2022, seemed to have been modified to prioritise Alfajiri. Read More..

B2B Tech News | 2 years ago          

Australian PMs Historic Visit to China Aims to Boost Ties

Anthony Albanese, the prime minister of Australia, will make his first trip to China as a leader of that nation in seven years. Albanese intends to dr

Anthony Albanese, the prime minister of Australia, will make his first trip to China as a leader of that nation in seven years. Albanese intends to draw attention to commerce as a reconciling element in the tense relationship, stressing the value of preserving a positive working relationship with Australias biggest trading partner. Even though commerce is still very important to both nations, the visit will also talk about the growing tensions in the South China Sea. Since the majority of trade restrictions were lifted in 2020, relations between China and Australia have improved however, contentious issues such as territorial disputes and defence alliances still exist. Read More..

B2B Tech News | 2 years ago          

Canadian Regulator Halts Trans Mountain Pipeline Work

Due to noncompliance with environmental and safety regulations, the Canada Energy Regulator CER has ordered a halt to work on the Trans Mountain oil p

Due to noncompliance with environmental and safety regulations, the Canada Energy Regulator CER has ordered a halt to work on the Trans Mountain oil pipeline expansion project near Abbotsford, British Columbia. Among the problems noted include illegal vegetation removal and insufficient fences to safeguard frogs. The Canadian governmentowned company Trans Mountain Corp, which is developing the expansion, stated that it is attempting to address the infractions and will pursue the lifting of the limits when suitable and compliant with the law. With over 95% of the project finished, operations are anticipated to start early in the upcoming year, virtually increasing the capacity of the pipeline that connects Alberta to Canadas Pacific Coast. Read More..

B2B Tech News | 2 years ago          

Irans MuddyWater Hacks Israeli Targets in Cyber Showdown

The Ministry of Intelligence and Security MOIS in Iran is thought to be connected to the statesponsored hacker outfit MuddyWater, which conducts cyber

The Ministry of Intelligence and Security MOIS in Iran is thought to be connected to the statesponsored hacker outfit MuddyWater, which conducts cyber espionage. MuddyWater has been connected to a spearphishing campaign that targets two Israeli organisations. Using a filesharing service called Storyblok, the gang employed a novel multistage infection vector in this effort to spread the Advanced Monitoring Agent, a genuine remote administration tool from Nable. This is the first time Nables software has been used to observe MuddyWater. An official note from the Israeli Civil Service Commission, which is accessible to the public on its website, was utilised as the bait document in the attack. The ad highlights Irans expanding cyber capabilities while showcasing the groups shifting strategies and instruments. Read More..

B2B Tech News | 2 years ago          

Worldcoin Aims to Revolutionize Digital ID like Aadhaar

Sam Altman, the CEO of OpenAI, launched the cryptocurrency project Worldcoin, which seeks to create a global ID network akin to Indias Aadhaar biometr

Sam Altman, the CEO of OpenAI, launched the cryptocurrency project Worldcoin, which seeks to create a global ID network akin to Indias Aadhaar biometric ID system. More than 2.4 million people have signed up with Worldcoin to have their irises scanned by "orb" devices in exchange for a free cryptocurrency and a digital ID. However, due to the possible exploitation of the gathered data, privacy concerns have been voiced. With a variety of use cases in mind, including the ability to differentiate humans from AI bots and facilitate the distribution of universal basic income, the project aims to establish a global identification and financial network. Since Worldcoins introduction, regulators in the UK and Germany have shown interest in it. Read More..

B2B Tech News | 2 years ago          



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