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OpenAI Launches GPT4o Mini Affordable AI Model for Broader Accessibility

A more affordable and compact version of OpenAIs sophisticated AI model, GPT4o, is now available as GPT4o Mini. This new model is intended to provide

A more affordable and compact version of OpenAIs sophisticated AI model, GPT4o, is now available as GPT4o Mini. This new model is intended to provide comparable text, speech, and vision processing capabilities at a lower cost, making it more affordable for a broader range of users. By democratising AI technology, GPT4o Mini hopes to let more people use its sophisticated capabilities without paying exorbitant prices linked to larger devices. This action aligns with OpenAIs goal to provide robust AI tools to a broad audience. Read More..

B2B Tech News | 5 days ago        

MercedesBenz Partners with Starbucks for HighPower EV Charging Network Expansion

Starbucks and MercedesBenz HighPower Charging have teamed to build fastcharging stations at more than 100 sites nationwide. These 400 kW EV charging s

Starbucks and MercedesBenz HighPower Charging have teamed to build fastcharging stations at more than 100 sites nationwide. These 400 kW EV charging stations will be installed first along Interstate 5, which runs from Canada to Mexico. This programme is a component of MercedesBenzs larger strategy to build a strong charging network, which was introduced with a $1 billion investment. The network has grown to include many states in the Southeastern and Southwestern areas of the United States since 2023. In the next 12 to 18 months, expansion into over half of all U.S. states is planned. By the end of the decade, the goal is to have 10,000 charging stations worldwide, including important markets such as Europe, China, and other regions. Read More..

B2B Tech News | 5 days ago        

Serbia Prioritizes European Carmakers for Lithium, Boosting Ties with EU

According to President Aleksandar Vucic, Serbia prefers European automakers such as MercedesBenz, Volkswagen, and Stellantis when acquiring lithium to

According to President Aleksandar Vucic, Serbia prefers European automakers such as MercedesBenz, Volkswagen, and Stellantis when acquiring lithium to fortify its relationship with the EU over Chinese companies. In an interview with Handelsblatt, Vucic emphasised Serbias dedication to the electric car sector, reiterating Rio Tintos licence to create Europes largest lithium mine. Serbia wants to produce enough lithium annually to power 1.1 million electric cars, or around 17% of the market in Europe. With an emphasis on improving Europes battery supply chains, Vucic underlined that procurement agreements would necessitate central lithium processing and battery manufacture within Serbia. Read More..

B2B Tech News | 5 days ago        

BOJ Official Emphasizes Commitment to Accommodative Policy Ahead of Key Meeting

According to the Jiji news agency, senior Bank of Japan official Kazushige Kamiyama stressed the central banks dedication to upholding an accommodatin

According to the Jiji news agency, senior Bank of Japan official Kazushige Kamiyama stressed the central banks dedication to upholding an accommodating monetary policy environment. The forthcoming policy meeting is "crucial," according to Kamiyama, the former chief economist and current manager of the BOJs Osaka branch. At the BOJs upcoming meeting on July 3031, market speculation points to a possible interest rate hike from the present nearzero levels nevertheless, Kamiyamas remarks highlight the central banks cautious stance, which aims to sustain economic stability amid changing domestic and global conditions. Read More..

B2B Tech News | 5 days ago        

Singapore Expects 2% to 3% Economic Growth, Aligning with Potential Rate

Chia Der Jiun, managing director of Singapores Monetary Authority, anticipates that the nations economy will develop at a pace close to its potential,

Chia Der Jiun, managing director of Singapores Monetary Authority, anticipates that the nations economy will develop at a pace close to its potential, between two and three per cent each year. In addition to announcing MASs S$3.8 billion net profit for the 2023–2024 fiscal year, he also noted the asset management sector in Singapore had grown by 10% to S$5.41 trillion in managed assets. Chia also revealed MASs intention to support financial institutions by investing an extra S$100 million in artificial intelligence and quantum technologies. Amid attempts to revive the economy, Singapore is committed to promoting development and innovation and upholding strict regulatory standards in the financial industry, as demonstrated by these measures. Read More..

B2B Tech News | 5 days ago        

Semiconductor Index Plummets Over $500 Billion Amid Export Restriction Fears

The market value of Wall Streets semiconductor index dropped by more than $500 billion following rumours that the United States would impose stricter

The market value of Wall Streets semiconductor index dropped by more than $500 billion following rumours that the United States would impose stricter export restrictions on cuttingedge semiconductor technology to China. Donald Trumps remarks against Taiwans defence payments exacerbated the selloff. ASMLs U.S.listed shares plummeted 13%, Nvidias shares fell by over 7%, and other significant chipmakers such as AMD, Micron, and Broadcom saw notable decreases. In the meantime, businesses like GlobalFoundries and Intel, which operate in the United States, saw advantages. Analysts predict that the markets response to the existing limitations may only last for a while since they expect further geopolitical effects on the industry. Intel is wellpositioned to gain with continued U.S. policy backing, including the $52.7 billion Chips Act. Read More..

B2B Tech News | 5 days ago        

Thai Government to Probe Bank Transactions Linked to Myanmars Military Purchases

Thai Foreign Minister Maris Sangiampongsa announced that Thailands government would be meeting with state agencies and commercial banks next week to d

Thai Foreign Minister Maris Sangiampongsa announced that Thailands government would be meeting with state agencies and commercial banks next week to discuss their investigation into transactions purportedly used by Myanmars junta to buy weapons. The government is pushing for more stringent inspections. This comes in the wake of disclosures made by Thai banks to a parliamentary committee regarding their limits in looking into every transaction and a U.N. study that showed an increase in money being transferred via Thai banks for weapons. Maris denied any policy supporting economic sanctions or human rights abuses, emphasising the need to establish appropriate due diligence in banking procedures. According to a U.N. study, Thairegistered businesses sent $120 million in weaponry to Myanmar in the fiscal year 2023—a twofold increase over the previous year—complicating international attempts to isolate the military dictatorship. Read More..

B2B Tech News | 5 days ago        

Nokia Reports 32% Drop in Q2 Operating Profit Amid Weak 5G Demand

Nokia anticipates demand for 5G telecom equipment to increase in the second half despite reporting a 32% decline in operating profit for the second qu

Nokia anticipates demand for 5G telecom equipment to increase in the second half despite reporting a 32% decline in operating profit for the second quarter. Comparable operational profit decreased from €619 million to €423 million in the previous year. Reductions in telecom equipment procurement have affected both Nokia and Ericsson, resulting in largescale layoffs. Nokia had an 18% yearoveryear fall in net revenue, mainly due to a delay in 5G investment in India. Despite these difficulties, CEO Pekka Lundmark is upbeat and predicts strong sales growth in the second part of the year. Nokia continued to project a similar operating profit of between €2.3 billion and €2.9 billion for the entire year. Read More..

B2B Tech News | 5 days ago        



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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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