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GLOBAL NEWS

Sam Altman Returns as OpenAI Boss Amid Board ShakeUp

OpenAIs cofounder Sam Altman is set to return to the company after being fired, following a dramatic sequence of events involving board decisions and

OpenAIs cofounder Sam Altman is set to return to the company after being fired, following a dramatic sequence of events involving board decisions and staff reactions. The initial dismissal led to chaos, including resignations and a major offer from Microsoft for Altman. However, an agreement is now underway for Altmans return, with changes to the board and key figures expressing optimism about the companys future. Despite the enthusiasm among some staff, there are concerns about the lasting impact on OpenAIs reputation and its ability to attract investors and talent. Read More..

B2B Tech News | 12 days ago      

SEBI Concludes Investigation AdaniHindenburg Matter Nearing Resolution

The Securities and Exchange Board of India, Indias market regulator, notified the Supreme Court that it would not be requesting any more time to finis

The Securities and Exchange Board of India, Indias market regulator, notified the Supreme Court that it would not be requesting any more time to finish its investigation into the AdaniHindenburg case. The efforts taken by SEBI to safeguard investor value were questioned by Indias Chief Justice, DY Chandrachud. Attorney General Tushar Mehta, who represents SEBI, said that the agency has begun the decisionmaking process following the probe and that action has been taken against shortsellers based on cases that have been found. The court brought up Extreme stock market volatility, which led SEBI to reiterate that it accepts expert committee suggestions to bolster regulatory frameworks. Read More..

B2B Tech News | 12 days ago      

Protests Disrupt Operations First Quantum Minerals Ltd. Faces Setback in Panama

The primary copper mine owned by First Quantum Minerals in Panama is not producing at a profit because demonstrators blockade an essential port. The d

The primary copper mine owned by First Quantum Minerals in Panama is not producing at a profit because demonstrators blockade an essential port. The disturbances have impeded the deliveries of necessary supplies, such as coal, to power the facility. First, Quantum Minerals and the Panamanian economy benefit significantly from the Cobre Panama mine, which produced 112,734 metric tonnes of copper in the third quarter of 2023. Disagreements about a new contract that First Quantum and the government signed in October caused the demonstrations. According to the corporation, production will restart after the port embargo is lifted. The Supreme Court of Panama is now considering challenges to the pact. Read More..

B2B Tech News | 12 days ago      

Taking Flight Virgin Australia Orders Six Boeing MAX8 Aircraft

Virgin Australia is adding six more Boeing MAX8 aircraft to its fleet, increasing the total number of aircraft it has ordered to fourteen. As the avia

Virgin Australia is adding six more Boeing MAX8 aircraft to its fleet, increasing the total number of aircraft it has ordered to fourteen. As the aviation sector recovers from the COVID19 epidemic, the move is intended to accommodate the increased demand for travel. In fiscal 2023, Virgin Australia achieved profitability for the first time in 11 years. It is anticipated that the recently ordered aircraft, which will be delivered in the second half of 2024, would cut emissions by at least 15% each trip. The airline intends to use the MAX8s to fly to locations including Fiji, Bali, and Samoa on both shorthaul local and international routes. Read More..

B2B Tech News | 12 days ago      

Crypto Shockwave $956 Million Pulled from Binance After CEOs Resignation

Within the previous day, investors withdrew over $956 million from Binance in response to CEO Changpeng Zhaos resignation and guilty plea in a U.S. in

Within the previous day, investors withdrew over $956 million from Binance in response to CEO Changpeng Zhaos resignation and guilty plea in a U.S. investigation into illegal funding. Although Binance consented to pay $4.3 billion to resolve the lawsuit, the exchanges future remains to be determined. Richard Teng replaced Zhao, although worries about unresolved legal matters with the U.S. Securities and Exchange Commission still exist. The business neglected to disclose any questionable transactions, including those involving organisations designated as terrorist organisations. Zhao resigned from his operational role at Binance and might spend up to eighteen months in prison. The impact on Binances significant assets is still minimal despite the outflows. Read More..

B2B Tech News | 12 days ago      

FIA Races into the Future AI Tackles Track Limits at Abu Dhabi Grand Prix

Artificial intelligence AI is being tested by the FIA, which oversees Formula One, to deal with track restriction infractions during the Abu Dhabi Gra

Artificial intelligence AI is being tested by the FIA, which oversees Formula One, to deal with track restriction infractions during the Abu Dhabi Grand Prix. Utilising shape analysis and "Computer Vision" technology, the FIA will be able to identify actual breaches in which drivers cross the white line at the tracks border with all four wheels by counting the number of pixels that cross the edge. The objectives include reducing the burden at the FIAs remote operations centre and speeding up limit violation tracking. The FIA hopes to increase the effectiveness of track limit monitoring in Formula One races, building on the technologys successful usage in medical applications. Read More..

B2B Tech News | 12 days ago      

Expanding Horizons EUs Cyber Rules Now Cover Banks, Airlines

The European Union is considering extending the scope of its planned cybersecurity labelling regulations to include banks, airlines and big internet c

The European Union is considering extending the scope of its planned cybersecurity labelling regulations to include banks, airlines and big internet corporations like Microsoft, Amazon, and Google. The most recent initiative from the European Unions cybersecurity agency ENISA centres on an EU certification scheme EUCS that validates cloud services cybersecurity and sets standards for choosing EUbased suppliers. The proposal keeps the clauses that mandate that US IT behemoths establish a joint venture with an EUbased business, run and manage cloud services out of the EU, and store and handle consumer data within the EU. The proposed regulations may impact a wider variety of businesses, such as banking, aviation, utilities, and highly regulated sectors. Read More..

B2B Tech News | 12 days ago      

Countering Deepfakes India Set to Introduce Regulations with Penalties

Information Technology Minister Ashwini Vaishnaw said that India is now formulating laws to control deepfakes. The social media site that hosts the de

Information Technology Minister Ashwini Vaishnaw said that India is now formulating laws to control deepfakes. The social media site that hosts the deepfake content as well as the person who uploads it will be subject to penalties under the regulations, which should be finished in a few weeks. Following a virtual G20 summit in which Prime Minister Narendra Modi voiced worries over the detrimental effects of deepfakes on society, this action was taken. India is joining the global effort to tackle the issues raised by deepfake technology and is making a contribution to the larger global movement to control artificial intelligence AI technologies. Read More..

B2B Tech News | 12 days ago