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Poland Investigates OpenAI Over GDPR Violations

In response to a complaint stating that OpenAIs ChatGPT chatbot violates European Union data protection regulations GDPR, Polands data authority is lo

In response to a complaint stating that OpenAIs ChatGPT chatbot violates European Union data protection regulations GDPR, Polands data authority is looking into the company supported by Microsoft. OpenAI should have rectified incorrect information produced by ChatGPT and not dodged questions about how they handled their processed personal data, as claimed in the complaint. A classaction complaint alleging claimed breaches of privacy laws against OpenAI was launched in San Francisco, prompting this inquiry. Microsoft and OpenAI are two tech companies sued for using personal information and copyrighted content for AI training. ChatGPT had amassed 100 million users two months after its inception, largely thanks to Microsofts significant funding. Read More..

B2B Tech News | 2 days ago         

UKs Petrol and Diesel Car Sales Ban Delayed by 5 Years Whats at Stake?

UK Prime Minister Rishi Sunak has extended the ban on petrol and diesel car sales from 2030 to 2035, citing the need to ease financial burdens on work

UK Prime Minister Rishi Sunak has extended the ban on petrol and diesel car sales from 2030 to 2035, citing the need to ease financial burdens on working individuals and promote ecoconscious leadership. However, the UK automotive sector has concerns that this delay could hinder the transition to electric cars. Its important to note that this ban applies only to the sale of new petrol and diesel vehicles, with limited immediate impact on most people, as many opt for used cars. Read More..

B2B Tech News | 3 days ago         

Santanders New Frontiers Investing in Consumer and Retail Businesses

The new Retail and Commercial unit, as well as the Digital Consumer Bank, will complement Santanders existing global activities in Corporate and Inves

The new Retail and Commercial unit, as well as the Digital Consumer Bank, will complement Santanders existing global activities in Corporate and Investment Banking, Wealth Management, Insurance, and Payments. The restructure is aimed at helping the business in achieving its objectives stated at its Investor Day in February, which include adding 40 million subscribers by 2025 and improving its return on tangible equity to 1517%. The new Retail and Commercial unit, as well as the Digital Consumer Bank, will complement Santanders existing global activities in Corporate and Investment Banking, Wealth Management, Insurance, and Payments. As it strives to build its investment banking business, the bank is profiting from rising interest rates in Europe. Read More..

B2B Tech News | 3 days ago         

Global Financial Giant EY Hits Pause on AuditAdvisory Split

Due to resistance from its US office, the British financial services behemoth EY has decided to end its attempt to divide its audit and consulting ope

Due to resistance from its US office, the British financial services behemoth EY has decided to end its attempt to divide its audit and consulting operations. The initiative, dubbed "Project Everest," sought to foster development and avoid conflicts of interest, but it needed the consent of EYs international partners. The US executive committees decision to forego implementing the plan abandoned the project.EY recognises the difficulties involved, including the need for more time and resources, but is still committed to establishing two different organisations to improve audit quality and independence. The initial early 2023 deadline repeatedly delayed the split vote. Read More..

B2B Tech News | 3 days ago         

UK Government Urges Meta to Halt Encryption Plans Amid Child Safety Concerns

The UK government is pleading with Meta, a platform owned by Mark Zuckerberg, to postpone its plans to roll out encrypted communications, saying doing

The UK government is pleading with Meta, a platform owned by Mark Zuckerberg, to postpone its plans to roll out encrypted communications, saying doing so will enable child predators to "hide in the dark." To raise awareness of the need for safety measures to identify child abuse activity in encrypted messages, the Home Office launched a campaign with a survivors letter to Zuckerberg. According to the National Crime Agency, encrypting Instagram and Messenger chats might drastically lower abuse reports. Suella Braverman, the UK Home Secretary, argues that Meta must ensure that children are secure. Privacy concerns continue as the internet safety measure, which might influence encryption, moves through parliament. Read More..

B2B Tech News | 3 days ago         

Eurozone Inflation Surges, European Central Bank Faces Tough Decision on Rate Hikes

The risk of "stagflation" brought on by high inflation brought on by rising oil prices, according to economist Nouriel Roubini, should be avoided by t

The risk of "stagflation" brought on by high inflation brought on by rising oil prices, according to economist Nouriel Roubini, should be avoided by the European Central Bank ECB and the Bank of England BOE continuing to raise interest rates. Given the UKs rate of 5.25%, Roubini advises the BOE to increase rates to 5.75%. He expresses concern that inflation expectations would become less stable due to the BOEs uncertainty regarding additional rate increases. High inflation is a problem that the UK and the eurozone are dealing with, making decisionmaking difficult. The US, in comparison, may experience a rate reduction slower than the market anticipates due to its more solid economic outlook. Roubini recognises the difficulties that high rates bring. Read More..

B2B Tech News | 3 days ago         

EU Leaders Sound Alarm Over Chinas Grip on Batteries and Fuel Cells

A study prepared for EU leaders warned that the EU may become overly dependent on China for fuel cells and lithiumion batteries by 2030, similar to ho

A study prepared for EU leaders warned that the EU may become overly dependent on China for fuel cells and lithiumion batteries by 2030, similar to how it was previously with regard to energy. EU leaders will discuss diversifying into Africa and Latin America to address this issue. The analysis underlines the growing need for energy storage induced by intermittent renewable sources to attain netzero carbon emissions by 2050. While China is a major supplier of fuel cells and lithiumion batteries, the EU dominates the manufacture of electrolysers. Failure to take action might result in a severe problem with a foreign dependency that would affect several industries, including agriculture and digital technology, and impede productivity and attempts to combat climate change. Read More..

B2B Tech News | 5 days ago         

Russia and Saudi Arabia cut down on oil supply global prices might spike

Oil prices are currently on direction to surpass $100 per barrel for the first time in 2023, after climbing over 30% since June due to Russian and Sau

Oil prices are currently on direction to surpass $100 per barrel for the first time in 2023, after climbing over 30% since June due to Russian and Saudi Arabian production cutbacks and soaring Chinese demand. The 30% increase since June is the result of increased demand in China and output curbs by Russia and Saudi Arabia. Last week, the International Energy Agency IEA had predicted that the continual production cuts undertaken by these two the Organisation of Petroleum Export leaders would result in a "significant supply shortfall," posing a serious danger to continued price swings. Read More..

B2B Tech News | 6 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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