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11Point Pledge EU and G7 Shape AI Safety Standards

The European Union and the Group of Seven G7 nations are planning to create an optional code of conduct for businesses creating cuttingedge AI systems

The European Union and the Group of Seven G7 nations are planning to create an optional code of conduct for businesses creating cuttingedge AI systems. The 11point guideline addresses privacy issues and security threats while promoting safe, secure, and reliable AI. It encourages businesses to take action to resolve incidents and usage patterns as well as to detect, assess, and mitigate risks throughout the AI lifecycle. The code also suggests investing in strong security measures and making public reports on the capabilities, constraints, applications, and abuse of AI systems. In terms of governing AI technology, the EU has taken the lead. Read More..

B2B Tech News | 2 years ago          

Beijing Celebrates 10 Years of Belt and Road Initiative

World leaders convened in Beijing this week to commemorate the tenth anniversary of Chinas 2013 launch of the enormous infrastructural and economic de

World leaders convened in Beijing this week to commemorate the tenth anniversary of Chinas 2013 launch of the enormous infrastructural and economic development project known as the Belt and Road Initiative BRI. It was declared by President Xi Jinping that China would set aside more than $100 billion to finance infrastructure. Although there were rumours that the Belt and Road Initiative BRI was losing traction, analysts contend that China is revamping the programme. Because of President Hichilemas probusiness approach, Chinese investment in Zambia has increased, particularly in the mining, industrial, and agricultural sectors. In the meanwhile, despite sluggish economic growth, it is predicted that African fintech companies will grow dramatically, reaching $65 billion by 2030. Read More..

B2B Tech News | 2 years ago          

Bank of Ireland Hikes Mortgage Rates Amid ECB Moves

For the first time since the European Central Bank started hiking interest rates in July 2022, the Bank of Ireland is lifting its variable mortgage ra

For the first time since the European Central Bank started hiking interest rates in July 2022, the Bank of Ireland is lifting its variable mortgage rates by 0.25%. Approximately 30,000 persons, or 10% of Bank of Irelands mortgage customers, have variable rates. With this action, the Bank of Ireland hopes to offset some of the 4.5% interest rate rises that the European Central Bank has implemented thus far. With or without additional ECB rate hikes, rate comparison website and mortgage broker Bonkers. ie forecasts more rate increases from Irish lenders in the upcoming months, as Irish banks still need to pass on prior rate increases Read More..

B2B Tech News | 2 years ago          

Huaweis Honor Deal Pays Off with Profit Surge

For the first three quarters of 2023, Huawei Technologies recorded a 2.4% increase in revenue, which came to 456.6 billion yuan $62.4 billion. In spit

For the first three quarters of 2023, Huawei Technologies recorded a 2.4% increase in revenue, which came to 456.6 billion yuan $62.4 billion. In spite of this slight increase in revenue, the companys profits increased significantly by 177.8% to 73.05 billion yuan. Payments for the 2020 sale of Huaweis Honour smartphone division as well as advancements in management and sales tactics were cited as the reasons for the sharp increase in earnings. The launch of the Mate 60 series helped Huaweis smartphone sales increase during the third quarter. The companys cloud and digital power segments, along with its car parts division, all helped to boost sales. Read More..

B2B Tech News | 2 years ago          

GMUAW Talks Back in Action to End SixWeek Strike

The United Auto Workers UAW and General Motors GM have started talking again in an effort to resolve their sixweek strike and negotiate a labour contr

The United Auto Workers UAW and General Motors GM have started talking again in an effort to resolve their sixweek strike and negotiate a labour contract agreement. The talks started on Thursday and went into the wee hours of Friday before coming to an end. Resuming talks with Chryslers parent company Stellantis was planned for soon. In order to resolve strikes, Ford Motor and the UAW have came to an agreement that will set the precedent for future contracts with GM and Stellantis. Even though GM and Stellantis are allegedly in agreement on the financial terms, there is still disagreement on a few last points, such as using temporary labour. Ford reported that the strike had a financial impact on the company, costing them 80,000 vehicles and $1.3 billion in lost revenue. Read More..

B2B Tech News | 2 years ago          

Lazarus Group Unleashes Cyber Siege with Advanced Tactics

The culprit of a recent cyber campaign has been identified as the North Korean organisation Lazarus Group. This attack took advantage of wellknown sec

The culprit of a recent cyber campaign has been identified as the North Korean organisation Lazarus Group. This attack took advantage of wellknown security holes in another popular piece of software to compromise an unidentified software manufacturer. Advanced evasion tactics were employed in the campaign, along with malware families including SIGNBT and LPEClient, a wellknown hacking tool used for payload delivery and victim profiling. Multiple Lazarus assaults on the targeted software developer suggested that there may have been an attempt to steal source code or tamper with the software supply chain. In 2023, at least three Lazarus campaigns were discovered by Kaspersky, indicating the groups flexibility and variety in the cybersecurity scene. The campaigns constantly used LPEClient malware to deliver the finalstage malware. Read More..

B2B Tech News | 2 years ago          

Taiwans Chip Industry Races to NetZero with Renewables

The government and Taiwans chip sector are keen to work together to meet the 2050 netzero emissions goal. Industry executives do, however, emphasise t

The government and Taiwans chip sector are keen to work together to meet the 2050 netzero emissions goal. Industry executives do, however, emphasise that the development of renewable energy sources must go more quickly, particularly given the growing demand for artificial intelligence AI. Taiwan is a country that imports a lot of energy, mostly coal and natural gas, but it is working to become carbon neutral by switching to more renewable energy sources. The worlds largest contract chipmaker, TSMC, has Cliff Hou, a senior vice president, emphasising the significance of reliable and renewable energy in propelling AI development. Taiwan wants to boost the share of LNG in its power mix, decrease the amount of coal, and support renewable energy sources. Read More..

B2B Tech News | 2 years ago          

Powerchip and SBI Join Forces in Semiconductor Expansion

Building a new chip manufacturing facility in the Japanese prefecture of Miyagi is the first step in Powerchip Semiconductor Manufacturings ambitious

Building a new chip manufacturing facility in the Japanese prefecture of Miyagi is the first step in Powerchip Semiconductor Manufacturings ambitious development strategy. Powerchip has partnered with SBI Holdings, a wellknown financial services company, and has committed an initial investment of roughly $2.67 billion for this project. By 2026, the new plant is expected to be operational. The choice of Miyagi as the site and the partnership with SBI Holdings demonstrate the increasing significance of semiconductor manufacturing. According to reports, Powerchip had been looking into possible sites for the factory and was in talks to get subsidies. These actions suggested a deliberate attempt to meet the growing demand for semiconductors worldwide and promote technical advancement. Read More..

B2B Tech News | 2 years ago          



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