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EU Cracks Down on Tech Giants, Stricter Rules for Illegal Content

The European Union EU is imposing harsher controls on digital corporations to stop disseminating unlawful content. EU industry chief Thierry Breton ca

The European Union EU is imposing harsher controls on digital corporations to stop disseminating unlawful content. EU industry chief Thierry Breton cautioned Elon Musk and Mark Zuckerberg to stop spreading false information on their platforms, X and Meta, in response to misinformation about the HamasIsrael conflict on social media. The EU has now reminded all social media companies of their legal duty to stop the spread of damaging Hamasrelated content. Large internet platforms must remove illegal information under the recently passed Digital Services Act DSA or face fines of up to 6% of their global sales. Repeat offenders may even be prohibited from conducting business in Europe. Read More..

B2B Tech News | 2 years ago          

Tech Titans Unite Against Record DDoS Attack Threat

The internets largestever denial of service DDoS attack was successfully defended against Google, Amazon, and Cloudflare, raising concern about a nove

The internets largestever denial of service DDoS attack was successfully defended against Google, Amazon, and Cloudflare, raising concern about a novel, potentially disruptive method. Alphabet Inc.s Google successfully prevented an assault over seven times greater than the previous record. A DDoS attack that was three times bigger than any prior one was seen by Cloudflare. The online services branch of Amazon also acknowledged a success. These widespread attacks started in late August and used an HTTP/2 flaw that leaves servers more open to malicious requests. To lessen this threat, the companies advise updating web servers, and the source of the attacks is yet unknown. Unchecked DDoS attacks have the potential to impair operations seriously. The "Mirai" network attack in 2016 caused significant websites to drop. Read More..

B2B Tech News | 2 years ago          

Klarnas SnaptoShop Breakthrough From Photography into Purchases

The Swedish payments company Klarna has revealed an AIpowered shopping tool created in partnership with OpenAI. It enables customers to shop by taking

The Swedish payments company Klarna has revealed an AIpowered shopping tool created in partnership with OpenAI. It enables customers to shop by taking pictures of the items they want to buy, making them immediately available for purchase through the mobile app. Like many businesses, this invention intends to increase Klarnas valuation as it pursues an eventual IPO. By analysing pricing and reviews, Klarnas AI finds over 10 million products, including apparel, home goods, and electronics. It removes peoples faces or bodies from the photographs to meet privacy issues. Compared to Googles Lens, which focuses on image recognition, Klarnas shopping feature is available in the US, UK, Germany, Sweden, Denmark, and Norway. Despite a decline in valuation, Klarna achieved monthly profitability earlier than expected. Read More..

B2B Tech News | 2 years ago          

Japans Digi Currency DCJPY Currency Sparks Digital Revolution

By July 2024, a group of Japanese companies intends to introduce "DCJPY," a digital currency used to settle and transact clean energy certificates. GM

By July 2024, a group of Japanese companies intends to introduce "DCJPY," a digital currency used to settle and transact clean energy certificates. GMO Aozora Net Bank will create this yenbased digital money. Internet Initiative Japan IIJ will utilise it to settle clean energy certificate transactions. DeCurrets digital currency differs from stablecoins because it uses blockchain technology to be backed by bank deposits. The central banks intentions for the digital yen may be impacted by this project, which harmonises Japan with the global trend of bankbacked digital currencies. The group, which includes significant institutions, seeks to develop a standard infrastructure for the settlement of digital payments. Read More..

B2B Tech News | 2 years ago          

IMF Uninformed as China Strikes Debt Deal with Sri Lanka

China has struck a preliminary debt agreement with Sri Lanka, surprising the International Monetary Fund IMF and other creditors who were separately n

China has struck a preliminary debt agreement with Sri Lanka, surprising the International Monetary Fund IMF and other creditors who were separately negotiating debt restructuring with Sri Lanka. Chinas ExportImport Bank reached this initial deal with Sri Lanka, although the exact terms have not been disclosed. The IMF and other creditors like Japan, the US, and India had planned to discuss debt restructuring without Chinas involvement. The IMFs senior mission chief for Sri Lanka mentioned they were aware of discussions but had not received details on any specific agreements. The official creditors committee is still pursuing a debt deal in Marrakech, aiming to prevent preferential terms for China in the arrangement. Read More..

B2B Tech News | 2 years ago          

TCS Shareholders to Benefit from 15% Premium Buyback Offer

Tata Consultancy Services TCS has announced a share buyback of Rs 17,000 crore at a price of Rs 4,150 per share, which represents a 15% premium over t

Tata Consultancy Services TCS has announced a share buyback of Rs 17,000 crore at a price of Rs 4,150 per share, which represents a 15% premium over the current market price. This marks the fifth buyback by TCS in the last six years, totaling Rs 66,000 crore. The company intends to repurchase up to 1.12% of its total equity, equivalent to 4,09,63,855 shares, excluding additional costs like taxes. TCS bought back its shares for the first time in February 2017, followed by two more in June 2018 and October 2020. Read More..

B2B Tech News | 2 years ago          

UnionPay Expands Presence in Singapore with Innovative Commercial Card

UnionPay, the global payment network, and FinTech company TripLink have partnered to introduce the UnionPay Virtual Commercial Card in Singapore. This

UnionPay, the global payment network, and FinTech company TripLink have partnered to introduce the UnionPay Virtual Commercial Card in Singapore. This collaboration addresses crossborder payment needs for businesses, especially in the airline and hotel industries, offering a secure and costeffective solution for realtime transactions. It also caters to the growing online travel sector, where a significant portion of revenue came from online sales in 2022, and the market is expected to exceed $1 trillion by 2030. This partnership expands UnionPays presence in Singapore, enabling more companies to participate in global eCommerce. UnionPay has issued over 200 million cards outside of China and is widely accepted by merchants worldwide. Read More..

B2B Tech News | 2 years ago          

Adobes Firefly Image 2 Model Takes Generative AI to the Next Level

At the Adobe MAX conference, Adobe unveiled its latest generative AI models Adobe Firefly Image 2 Model, Adobe Firefly Vector Model, and Adobe Firefly

At the Adobe MAX conference, Adobe unveiled its latest generative AI models Adobe Firefly Image 2 Model, Adobe Firefly Vector Model, and Adobe Firefly Design Model. The Firefly Image 2 Model offers improved creative control and image quality, introducing Text to Image capabilities. The Firefly Vector Model is the worlds first generative AI model for vector graphics and empowers Text to Vector Graphic in Illustrator. The Firefly Design Model instantly generates template designs. Notable upgrades include Generative Match, Photo Settings for image adjustments, and Prompt Guidance for refining prompts. Read More..

B2B Tech News | 2 years ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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