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EU Commits Over $1 Billion in Financial Aid to Egypt to Bolster Economy

On Friday, the European Union declared its intention to provide Egypt with more than $1 billion in immediate financial assistance to boost its economy

On Friday, the European Union declared its intention to provide Egypt with more than $1 billion in immediate financial assistance to boost its economy. This support is a component of a more comprehensive credit package worth 5 billion euros, of which 4 billion euros are anticipated to be given between 2024 and 2027. The assistance deals with Egypts budgetary issues, in which regional wars and adverse economic effects have worsened. However, for Egypt to get help, the EU underlined that it had to show progress in maintaining democratic values, including multiparty systems, the rule of law, and human rights. Egypt won help from the International Monetary Fund last month to strengthen collaboration and handle migratory difficulties in North Africa. It signed a separate $8 billion agreement with the EU. Read More..

B2B Tech News | 2 days ago        

Ryanair Under Investigation by Italian Regulator for Alleged Market Dominance Abuse

According to the publication Il Messaggero, Ryanair is the subject of an investigation by the Italian competition regulator into claims that it has ab

According to the publication Il Messaggero, Ryanair is the subject of an investigation by the Italian competition regulator into claims that it has abused its dominating position in the airline industry in Italy. The investigation examines whether Ryanairs practices hurt passengers, airlines, and other travel firms. There have been allegations that Ryanair prevented tour operators from accessing its deals and discounts on its website, which might have increased customer costs. Ryanair has justified its actions by pointing to an earlier Milan Court of Appeal decision that found its business strategy reasonable and advantageous for customers. Within eight days, the airline will have a chance to comment on the antitrust ruling. Ryanair and Italian authorities have already fought, with the government imposing price caps on flights to Sicily and Sardinia, a move Ryanair contested as illegal. Read More..

B2B Tech News | 2 days ago        

Apple in Talks with Murugappa Group and Titan Company for iPhone Camera Module Production

According to The Economic Times, Apple is getting close to concluding talks with the Murugappa Group and Titan Company of the Tata Group to assemble a

According to The Economic Times, Apple is getting close to concluding talks with the Murugappa Group and Titan Company of the Tata Group to assemble and produce subcomponents for iPhone camera modules. This action represents Apples attempts to broaden its ecosystem of suppliers beyond China, possibly leading to a greater dependence on Indian vendors. This collaboration is a big step forward because there arent any Indian vendors of Apples iPhone camera components. Titan and Murugappa organisations are excellent partners since they have great highprecision manufacturing skills. Additionally, Apple could cut costs and become less dependent on Chinese suppliers by using local sourcing, aligning with its efforts to manufacture in India through the productionlinked incentive programme. Read More..

B2B Tech News | 2 days ago        

Microsoft to Invest $1.5 Billion in UAEs G42, NYT Reports

According to the New York Times, Microsoft plans to spend $1.5 billion on G42, an artificial intelligence startup in the United Arab Emirates UAE. Chi

According to the New York Times, Microsoft plans to spend $1.5 billion on G42, an artificial intelligence startup in the United Arab Emirates UAE. Chinese hardware was removed due to G42s withdrawal from Chinese interests, which aligns with American concerns. G42 will meet U.S. government regulations by utilising Microsofts cloud services and adhering to a security agreement through the cooperation. G42 also gets access to Microsofts AIenabled chips and services. The deal requires G42 to remove Chinese equipment from operations and guarantees safeguards for joint AI technologies. Brad Smith, President of Microsoft, will join the G42 board, highlighting the significance of entrusting critical technologies to a reputable U.S. organisation. Read More..

B2B Tech News | 2 days ago        

Baidus Ernie Bot Surpasses 200 Million Users, CEO Robin Li Announces

At the AI Create conference, Baidus CEO Robin Li said that the ChatGPTlike Ernie bot now has over 200 million users. Li revealed plans for an addition

At the AI Create conference, Baidus CEO Robin Li said that the ChatGPTlike Ernie bot now has over 200 million users. Li revealed plans for an additional AI creation contest with a $50,000 $7,000,000 prize of 50 million yuan. Baidu is showcasing new tools, including ModelBuilder and AgentBuilder, in an effort to make AI integration easier for both noncoders and engineers. Since its public introduction, Ernie—which is based on Baidus Ernie language model—has grown in popularity, with more than 26,000 enterprises using it every month. Despite obstacles to global AI development, such as shortages of chips, Baidu is nevertheless upbeat about AIs potential to generate money and projects significant growth by 2024. Read More..

B2B Tech News | 2 days ago        

Adobe Integrates AI into Premiere Pro for Streamlined Video Editing

To expedite editing procedures, Adobe is branching out into AIdriven video editing by incorporating outside generative AI capabilities into its Premie

To expedite editing procedures, Adobe is branching out into AIdriven video editing by incorporating outside generative AI capabilities into its Premiere Pro program. With features like AIgenerated object insertion and distraction removal promised, the upgrade is expected to come out this year and improve Premiere Pros standing in the competitive editing scene. Adobe aims to stay ahead by utilising Firefly, an AI model currently included in Photoshop, and collaborations with other AI providers like OpenAI. In response to copyright concerns, Adobe promises transparency and indemnification, allowing consumers access to thirdparty AI technologies while maintaining moral standards. Adobes vice president of product marketing, Deepa Subramaniam, reaffirms the companys dedication to moral AI and alludes to revenuesharing agreements with developers to guarantee that users are aware of AI use. Read More..

B2B Tech News | 2 days ago        

NetApp and Google Cloud Collaborate to Enhance Data Management for AI Workloads

NetApp and Google Cloud are strengthening their partnership to facilitate data management for generative AI workloads and hybrid cloud settings. Custo

NetApp and Google Cloud are strengthening their partnership to facilitate data management for generative AI workloads and hybrid cloud settings. Customers now have more flexibility over performance and storage with Google Cloud NetApp Volumes thanks to the introduction of the Flex service level, which supports various cloud applications, including artificial intelligence. Senior VP and General Manager of Cloud Storage at NetApp, Pravjit Tiwana, highlights the need for adaptable data storage to satisfy changing requirements and reaffirms the partnerships dedication to offering seamless interaction with Google Cloud technologies. Furthermore, NetApp presents the GenAI toolbox, making RetrievalAugmented Generation RAG on the Google Cloud Vertex AI platform easier. By using data securely stored in NetApp Volumes, this toolset optimises AIdriven insights and automation, assuring effective AI data pipelines and accelerating business transformation. Read More..

B2B Tech News | 2 days ago        

Palo Alto Networks Unveils Cortex XSIAM for Cloud, Revolutionizing Cloud Security Operations

With Cortex XSIAM for Cloud, Palo Alto Networks has advanced cloud security operations by including Cloud Detection and Response features in its platf

With Cortex XSIAM for Cloud, Palo Alto Networks has advanced cloud security operations by including Cloud Detection and Response features in its platform. This integrated approach, a first for the sector, successfully tackles the problem of cloud environment security. Cortex XSIAM for Cloud uses automation and artificial intelligence to break down data silos and boost security operations teams productivity. Significant additions include native interaction with Prisma Cloud for improved incident grouping and navigation, an updated Cortex XDR Agent that combines runtime security with Prisma Clouds capabilities, and a Cloud Command Centre for visibility into cloud assets. For SOC teams, Dave Gruber of Enterprise Strategy Group emphasised the value of these integrated cloud security solutions, which provide coordinated and successful responses to cloudrelated threats. Read More..

B2B Tech News | 2 days 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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