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Bitcoin Soars to $29,900, Drops on BlackRock Denial

Bitcoin enjoyed a brief gain, reaching $29,900, but then dropped after BlackRock, a significant asset management, rejected rumours that a crypto inves

Bitcoin enjoyed a brief gain, reaching $29,900, but then dropped after BlackRock, a significant asset management, rejected rumours that a crypto investment product had received regulatory approval in the United States. The volatility of Bitcoin was evident as it ended the day at $28,211, up 3.82% but below its peak. When the SEC approved BlackRocks application for a bitcoin ETF, Coin Telegraph initially published the news before retracting it. BlackRock dispelled the rumour by confirming that the SEC was reviewing its application. Investors eagerly anticipated the approval of the spot bitcoin ETF, which is viewed as a potential catalyst for the industry, demonstrating the cryptocurrency markets sensitivity to good news. Read More..

B2B Tech News | 2 years ago          

Mitsubishi Eyes Fujitsus Shinko Electric for Semiconductor Entry

To enter the semiconductor industry, Mitsubishi Corp. is considering a bid for Fujitsus Shinko Electric Industries, a chip packaging business. Buyout

To enter the semiconductor industry, Mitsubishi Corp. is considering a bid for Fujitsus Shinko Electric Industries, a chip packaging business. Buyout firms and Japan Investment Corp. have expressed interest in Fujitsus sale of its 50% stake in Shinko Electric. Although negotiations are in their early stages, Mitsubishi and one of these prospective buyers may submit a joint bid. The sale, estimated at $2.6 billion, would raise issues for the national economys security. Japan recently invested in chip production to revive its semiconductor sector. In light of the fluctuating energy prices, Mitsubishi has expanded into the semiconductor industry. Read More..

B2B Tech News | 2 years ago          

Meta Shifts Spotlight to AI, Llama Takes Center Stage

The last Meta Connect conference saw a focus change away from the metaverse and towards artificial intelligence AI, specifically the companys massive

The last Meta Connect conference saw a focus change away from the metaverse and towards artificial intelligence AI, specifically the companys massive language model Llama. Llama, seen as an opensource substitute for Googles PaLM and Microsofts GPT, is essential to Metas AI approach. Although determining Llamas market worth is difficult, doing so is necessary for luring top AI talent and streamlining the businesss AI operations. Despite offering Llama free of charge to developers, Meta hopes to get something in return through improved productivity and enhanced reputation. However, there is debate around the companys licencing strategy. Read More..

B2B Tech News | 2 years ago          

Amazon Targets South Africa with Online Shopping Expansion

By announcing plans to launch its online shopping platform in South Africa by 2024, tech giant Amazon AMZN.O has opened the door for competition with

By announcing plans to launch its online shopping platform in South Africa by 2024, tech giant Amazon AMZN.O has opened the door for competition with TakeAlot, the market leader owned by Naspers NPNJn.J. Amazon has started the process of registering independent merchants on its marketplace website, which is an intelligent step given the country of South Africas explosive growth in online purchasing due to the pandemics impact. According to Robert Koen, General Manager of Amazons SubSaharan Africa area, this expansion intends to give local vendors and brand owners options for success on the Amazon platform. Read More..

B2B Tech News | 2 years ago          

Baidu Unveils Ernie 4.0 A GPT4 Contender

The latest version of its generative AI model, Ernie 4.0, has been presented by Chinese tech giant Baidu, which claims it competes with OpenAIs GPT4.

The latest version of its generative AI model, Ernie 4.0, has been presented by Chinese tech giant Baidu, which claims it competes with OpenAIs GPT4. CEO Robin Li demonstrated realtime novel writing, poster production, and movie creation to highlight Ernie 4.0s memory capabilities. Analysts said the debut was less impressive than its predecessor, though. 1.32% less people purchased Baidu stock in Hong Kong. Incorporating generative AI into Baidu products like Baidu Drive and Baidu Maps, which streamlines user interactions, was one of the notable announcements. Since its debut in March, Baidu has been at Chinas vanguard of AI models. ErnieBot now counts 45 million users. Read More..

B2B Tech News | 2 years ago          

Tether Takes Swift Action on Crypto Wallets in Terrorism Probe

Due to their alleged involvement in "terrorism and warfare" in Israel and Ukraine, Tether, a significant cryptocurrency issuer, has frozen 32 cryptocu

Due to their alleged involvement in "terrorism and warfare" in Israel and Ukraine, Tether, a significant cryptocurrency issuer, has frozen 32 cryptocurrency wallet addresses totalling $873,118. After an attack in October 2022, Israeli authorities froze cryptocurrency accounts for donations to Hamas, prompting the companys response. On March 16, 2023, Tether froze accounts tied to Israel on June 16, 2021, it froze accounts related to Ukraine. TRM Labs, a blockchain research organisation in the US that collaborates with law enforcement, had identified Tethers use in financing terrorism. Tether declared its dedication to working with international law enforcement to fight terrorism fueled by cryptocurrencies. The activities nature and wallet owners are still unknown. Read More..

B2B Tech News | 2 years ago          

Personalized Solutions and Efficient Operations AIs Business Transformation

Artificial intelligence has stirred significant changes in the business landscape, acting as a catalyst for transformation. For instance, AIs capacity

Artificial intelligence has stirred significant changes in the business landscape, acting as a catalyst for transformation. For instance, AIs capacity to rapidly process large volumes of data enables swifter and more informed decisionmaking. Additionally, AIs proficiency in analyzing extensive datasets allows for predictive analysis. Moreover, AI enhances customer experiences by enabling personalized interactions, anticipating customer needs, and offering solutions. Furthermore, it contributes to cost reduction in business operations. The automation of routine tasks allows companies to allocate resources more strategically, ultimately reducing operational expenses. Read More..

B2B Tech News | 2 years ago          

South Africas Economic Recovery Hinges on Private Investment in Logistics

The South African government plans to address the significant economic losses caused by the staterun ports and freightrail sector by involving the pri

The South African government plans to address the significant economic losses caused by the staterun ports and freightrail sector by involving the private sector. The proposal, outlined in a 124page document, includes establishing port and rail regulators, allowing private companies access to rail lines, and privatizing the operation of ports and rail routes, even for coal and ironore exports. This shift reflects a change in the African National Congresss approach, moving away from stateled economic growth and turning to the private sector for solutions. The urgency of this shift is highlighted by declining volumes in rail transportation and inefficient container ports in the country. Read More..

B2B Tech News | 2 years ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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