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Euro Stars Converge in UK for AI Regulation Showdown

Senior representatives of the European Union, including Vera Jourova and Ursula von der Leyen of the European Commission, will be present at the UKs A

Senior representatives of the European Union, including Vera Jourova and Ursula von der Leyen of the European Commission, will be present at the UKs AI safety conference, which aims to start an international conversation on AI legislation. The goal of the event, which is being hosted by British Prime Minister Rishi Sunak, is to position the UK as a pioneer in AI regulations. Nonetheless, a few international leaders wont be there, including Justin Trudeau of Canada and Olaf Scholz of Germany. The summits organisers have emphasised the goal of promoting international talks on AI governance. Topics that will be covered include the unpredictable nature of AI breakthroughs and human control over them. Read More..

B2B Tech News | 2 years ago          

IBM Shines in Q3 with Strong Revenue and Profit

IBM, a provider of IT software and consulting services, announced Q3 sales and earnings that surpassed Wall Street forecasts. IBM was able to maintain

IBM, a provider of IT software and consulting services, announced Q3 sales and earnings that surpassed Wall Street forecasts. IBM was able to maintain its market share in consulting engagements by focusing on market share and providing software solutions, even in the face of a difficult economic climate. Clients continued to cut back on discretionary initiatives. Significant AI sales and bookings were made by the company, including agreements with Ernst & Young and Truist Bank. IBM has observed a high level of interest in its consulting services and tools for integrating technology into business processes. It restated its goals for free cash flow and annual revenue growth. Software revenue, which includes Apptio, increased by over 8%. IBM surpassed projections in Q3 with revenue of $14.8 billion and adjusted profit per share of $2.20. Read More..

B2B Tech News | 2 years ago          

MercedesBenz Faces Tough Road in Electric Vehicle Market

MercedesBenz announced "brutal" pricing reductions in the electric vehicle EV market, and supply chain problems affected the companys Q3 results. Due

MercedesBenz announced "brutal" pricing reductions in the electric vehicle EV market, and supply chain problems affected the companys Q3 results. Due to competitive pricing in the EV market, the luxury automaker may reach the lower end of its projected 12–14% adjusted return on sales for the vehicles segment. Although the firm is dedicated to EV ambitions, if EV margins continue to be lower, it may have to rely more on the performance of its combustion engine portfolio. Even with some of the Q4 discounts, MercedesBenz continues to prioritise pricing strategy over volume in order to increase profitability. The market climate is characterised as "subdued," with supply chain costs and inflation having an impact. Read More..

B2B Tech News | 2 years ago          

Tesla Supplier Syrah Benefits as EV Industry Prepares for Change

Before harsher export regulations take effect on December 1, Syrah Resources, an Australian producer, anticipates higher purchases of natural graphite

Before harsher export regulations take effect on December 1, Syrah Resources, an Australian producer, anticipates higher purchases of natural graphite from customers outside of China. This could affect EV battery manufacturers since China, a key producer and exporter of graphite, will need export permits for some graphite goods. With a supply agreement with Tesla, Syrah is seeing customers hoard graphite in an effort to reduce supply risks. Export restrictions may force suppliers of battery materials and automakers to look for other suppliers. Syrah anticipates greater attention on its unique role as a nonChina producer of graphite and AAM in the battery supply chain, even though the entire impact is still unknown. Read More..

B2B Tech News | 2 years ago          

French IT Firm Atos Keeps Steady Amid Sales Decline

The French IT company Atos saw a more than 5% increase in its shares after maintaining its yearly outlook in spite of losses in its IT division. The c

The French IT company Atos saw a more than 5% increase in its shares after maintaining its yearly outlook in spite of losses in its IT division. The companys thirdquarter organic sales decreased by 3% as a result of a 7.2% decline in Tech Foundations, which is the IT sector it is in talks to sell to Czech billionaire Daniel Kretinsky for €2 billion. Eviden, the remaining company, experienced 2.3% organic growth. Atos restated its operating profit and organic sales goals for the entire year. The proposed agreement might give Kretinsky a 7.5% share in Atos assets that the French government considers strategically important. Read More..

B2B Tech News | 2 years ago          

Critical Vulnerability in Mirth Connect Sparks Urgent Update

An unauthenticated remote code execution vulnerability CVE202343208 has prompted users of the opensource healthcare data integration platform Mirth Co

An unauthenticated remote code execution vulnerability CVE202343208 has prompted users of the opensource healthcare data integration platform Mirth Connect to update to version 4.4.1. This vulnerability impacts versions from 2015–2016 and gives hackers access to healthcare data. Moreover, it gets around a previous serious flaw CVE202337679 that allowed the hosting server to run arbitrary commands. Every instance of Mirth Connect is susceptible, regardless of the Java version. It is imperative to update to the most recent version in order to minimise potential risks to sensitive healthcare data, particularly for systems that are open to the public. Read More..

B2B Tech News | 2 years ago          

Chinas Tech Independence Drive Gains Momentum

Restrictions on hightech exports from Western nations, mainly the United States, have led to China stepping up its attempts to replace Westernmade tec

Restrictions on hightech exports from Western nations, mainly the United States, have led to China stepping up its attempts to replace Westernmade technology with domestic equivalents, especially in the telecom and computer equipment sectors. In an effort to strengthen cybersecurity and lessen reliance on foreign technology, the nation has raised spending in the year following September 2022, state bids will double to 235. Even though China has come a long way, especially with the help of businesses like Huawei, it is still difficult to completely replace technology manufactured elsewhere, especially sophisticated chips. This action is consistent with Chinas overarching plan to increase domestic technology output and decrease dependency on imports from the West. Read More..

B2B Tech News | 2 years ago          

Rishi Sunak Pioneers a Global Movement for AI Safety

UK Prime Minister Rishi Sunak announced the establishment of the worlds first AI safety institute ahead of a global summit aimed at addressing AI risk

UK Prime Minister Rishi Sunak announced the establishment of the worlds first AI safety institute ahead of a global summit aimed at addressing AI risks. The institute will evaluate and test new AI models to understand their capabilities and potential risks, including bias and misinformation. The summit, to be held on Nov. 12 at Bletchley Park, will bring together AI companies, political leaders, and experts to build international consensus on AIs safe development. Sunak aims for the UK to be a global leader in AI safety, positioning the country between the US, China, and the EU in the AI landscape. Read More..

B2B Tech News | 2 years ago          



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