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Samsung Plans for the AI Revolution with Chip Cutbacks

Samsung Electronics plans to keep cutting back on chip output in order to alleviate a glut in the market. The company is also getting ready for the sh

Samsung Electronics plans to keep cutting back on chip output in order to alleviate a glut in the market. The company is also getting ready for the shift in industry focus towards highend chips for artificial intelligence AI in 2024. Due to a severe industry slowdown, Samsung has already reduced chip output this year. As the market improves, the company plans to make additional modifications to manufacturing, particularly for NAND flash memory chips. The business projects that in 2024, ondevice AI functionalities would lead to a rise in demand for dynamic randomaccess memory DRAM chips, such as high bandwidth memory HBM. In 2024, Samsung intends to greatly boost the HBM output capacity. The statement caused a 0.3% decline in Samsungs shares. Read More..

B2B Tech News | 2 years ago          

Blackstones BillionDollar Investment in Indias Care Hospitals

Blackstone, a U.S. private equity firm, is going to enter the Indian healthcare services market by acquiring a majority investment in Care Hospitals f

Blackstone, a U.S. private equity firm, is going to enter the Indian healthcare services market by acquiring a majority investment in Care Hospitals from TPG. Blackstone will hold more than 75% of Care Hospitals and invest almost $1 billion in the hospital group. This action is a result of the postpandemic spike in demand for private healthcare in India, which has drawn interest from international investors in the healthcare industry. In addition, Care Hospitals will acquire the majority of KIMSHEALTHs assets, creating one of the biggest hospital networks in India with over 4,000 beds dispersed among 11 Indian cities. The projected value of the transaction is $1.3 billion to $1.5 billion. Read More..

B2B Tech News | 2 years ago          

Germanys Inflation Slides to 3.0% A Welcome Dip

Germanys inflation rate decreased from 4.3% in September to 3.0% in October, its lowest level since August 2021. Core inflation, which does not includ

Germanys inflation rate decreased from 4.3% in September to 3.0% in October, its lowest level since August 2021. Core inflation, which does not include energy and food costs, dropped from 4.6% in September to 4.3% in October. Core inflation is still high even though headline inflation has decreased. Ralph Solveen, an economist at Commerzbank, believes that while core inflation will probably stabilise at 3% by spring, headline inflation will probably continue to decline in the first few months of the upcoming year. It is anticipated that in October, eurozone inflation will drop from 4.3% in September to 3.2%. The inflation objective set by the European Central Bank is roughly 2%. Read More..

B2B Tech News | 2 years ago          

Cryptocurrency Billionaire Powers AI with $500 Million Nvidia Chip Purchase

Voltage Park, a nonprofit organization funded by cryptocurrency billionaire Jed McCaleb, has acquired approximately $500 million worth of Nvidia H100

Voltage Park, a nonprofit organization funded by cryptocurrency billionaire Jed McCaleb, has acquired approximately $500 million worth of Nvidia H100 chips. The organization plans to lease computing capacity for AI projects to help address the shortage of AI chips. Voltage Park aims to provide long and shortterm, lowcost AI computing to support companies AI initiatives. The organization will set up Nvidia AI chip clusters in Texas, Virginia, and Washington, with plans to fully deploy the 24,000 Nvidia chips by around February. Demand for advanced AI chips from Nvidia has surged as businesses seek the hardware to power their AI applications. Read More..

B2B Tech News | 2 years ago          

Wikipedia Meets Slack A Sneaky Cyberattack Method

A new ransomware response strategy is being worked on by the White House and could be finalised as soon as Tuesday. The regulation will include protoc

A new ransomware response strategy is being worked on by the White House and could be finalised as soon as Tuesday. The regulation will include protocols for exchanging data about attackers and ransomware accounts. Attacks using ransomware have targeted a variety of sectors, including the healthcare, education, and government sectors. The new programme seeks to persuade other nations to make the commitment to refrain from paying ransoms. By exchanging data on ransomware perpetrators financial accounts and whereabouts, the United States is spearheading an alliance of fifty nations that also includes the European Union and Interpol to counter these threats. The necessity to protect digital connectivity and fend off international cyberthreats is reflected in this cooperative effort. Read More..

B2B Tech News | 2 years ago          

White House Unveils Plan to Tackle Ransomware Threats

A new ransomware response strategy is being worked on by the White House and could be finalised as soon as Tuesday. The regulation will include protoc

A new ransomware response strategy is being worked on by the White House and could be finalised as soon as Tuesday. The regulation will include protocols for exchanging data about attackers and ransomware accounts. Attacks using ransomware have targeted a variety of sectors, including the healthcare, education, and government sectors. The new programme seeks to persuade other nations to make the commitment to refrain from paying ransoms. By exchanging data on ransomware perpetrators financial accounts and whereabouts, the United States is spearheading an alliance of fifty nations that also includes the European Union and Interpol to counter these threats. The necessity to protect digital connectivity and fend off international cyberthreats is reflected in this cooperative effort. Read More..

B2B Tech News | 2 years ago          

Nvidias Chatbot Revolutionizes Semiconductor Design

Research on the application of chatbots in the semiconductor design process has been presented by Nvidia. For thousands of professionals, chip design

Research on the application of chatbots in the semiconductor design process has been presented by Nvidia. For thousands of professionals, chip design might take up to two years due to its complexity and length. According to Nvidias research, a chatbot can help younger designers with their questions and free up senior designers time by adding 30 years of data from its chip design archives to a big language model. By incorporating particular information from the businesss expertise, the chatbot can achieve high accuracy while keeping system expenses under control. The study also demonstrated how AI might be used to generate code, which would speed up testing and increase engineers productivity without taking their place. Read More..

B2B Tech News | 2 years ago          

Alibabas Tongyi Qianwen 2.0 The New AI Powerhouse Gets Even Mightier

One of the most powerful AI models in the world, Tongyi Qianwen 2.0, was unveiled by Alibaba. It has hundreds of billions of parameters. Additionally,

One of the most powerful AI models in the world, Tongyi Qianwen 2.0, was unveiled by Alibaba. It has hundreds of billions of parameters. Additionally, eight industryspecific AI models for the legal, entertainment, healthcare, and finance sectors were revealed. This action is a reflection of the intense struggle Chinese tech companies face to control the nations growing artificial intelligence market. With over 130 models already available, Tencent recently commented on the "war of a hundred models" in Chinas AI environment. Alibabas quick advancements in AI reflect the companys dedication to staying at the forefront of the field as well as the technologys increasing importance across a range of industries. Read More..

B2B Tech News | 2 years ago          



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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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