Header-template

GLOBAL NEWS

Kneron Unveils SecondGeneration "Edge GPT" Server, KNEO 330, Targeting Nvidia and AMD

With support from Qualcomm and Foxconn, Kneron, an AI chip company, they introduced the KNEO 330, a secondgeneration "edge GPT" server that aims to gi

With support from Qualcomm and Foxconn, Kneron, an AI chip company, they introduced the KNEO 330, a secondgeneration "edge GPT" server that aims to give enterprises interested in AI an alternative to Nvidia and AMD. This server is intended for businesses, like financial institutions, medical facilities, and hightech companies, that want onpremises AI applications to preserve their privacy. With the help of Knerons technology, businesses can run their own AI models locally instead of depending on cloud giants like Microsoft and Amazon. Kneron also unveiled the KL830 PC processor chip, which allows AI apps to run ondevice without requiring internet access, improving privacy. This announcement puts big names in the PC chip and AI businesses, including AMD and Intel, under pressure. Read More..

B2B Tech News | 12 days ago      

Ransomware Attack on Synnovis Disrupts Major London Hospitals Services

Primary care services in southeast London, as well as many major hospitals in London, including Guys and St. Thomas and Kings College Hospital NHS Fou

Primary care services in southeast London, as well as many major hospitals in London, including Guys and St. Thomas and Kings College Hospital NHS Foundation Trusts, have poorly been interrupted by a ransomware assault on Synnovis, a lab services supplier, according to NHS England London. To determine the extent of the breach, the National Cyber Security Centre and its cyber operations team are working with the NHS promptly. This incident is similar to the May 2017 cyberattack that impacted more than onethird of NHS trusts in England and caused 19,000 appointments to be cancelled in less than a week. The ongoing situation highlights how dangerous cyberattacks on vital healthcare systems remain. Read More..

B2B Tech News | 12 days ago      

Microsoft Expands Copilot Technology with New AI Tools for Customer Service Centers

Microsoft will expand its Copilot technology beyond creating PowerPoint presentations and email summaries by introducing new AI capabilities for custo

Microsoft will expand its Copilot technology beyond creating PowerPoint presentations and email summaries by introducing new AI capabilities for customer care contact centres. By using a businesss help guides and resources, these technologies will improve chatbots and enable them to respond to consumer queries more effectively. Furthermore, their goal is to enhance the productivity of human customer support representatives by enabling them to effortlessly navigate through various apps using natural language, thereby decreasing the intricacy and effort involved in their duties. With the release of the new software on July 1, Microsoft can contend with wellestablished companies in the call centre technology sector, such as Salesforce and Zoom. Read More..

B2B Tech News | 12 days ago      

Cisco Launches $1 Billion AI Startup Fund Targeting Cohere, Mistral AI, and Scale AI

Cisco established a $1 billion fund for AI firms, including Scale AI, Mistral AI, and Cohere. Nearly $200 million has already been contributed to the

Cisco established a $1 billion fund for AI firms, including Scale AI, Mistral AI, and Cohere. Nearly $200 million has already been contributed to the Cisco fund. Cohere and Mistral AI are vying for $5 billion, while Scale AI is valued at around $14 billion. This action aligns with other significant behemoths like Microsoft, Meta, and Amazon, which have all invested significantly in AI companies after the AI boom sparked by OpenAIs ChatGPT. To incorporate generative AI and machine learning throughout its portfolio, Cisco has undertaken more than 20 AIfocused acquisitions and investments over the years. Read More..

B2B Tech News | 12 days ago      

Apollo Global Acquires 49% Stake in Intel’s $11 Billion Irish Facility

In Leixlip, Ireland, Apollo Global Management will purchase a 49% ownership stake in Intels planned $11 billion manufacturing facility. The agreement,

In Leixlip, Ireland, Apollo Global Management will purchase a 49% ownership stake in Intels planned $11 billion manufacturing facility. The agreement, anticipated to finalise in Q2, enables Intel to reallocate its investment. With an initial investment of $18.4 billion, Intel is building the plant, which will be the first to use its cuttingedge EUV lithography technology. While Intel maintains ownership and management, the joint venture allows chip fabrication to occur at the location. This action is consistent with Intels plan to use funds and subsidies from the European Commission. According to CFO David Zinsner, the transactions favourable conditions give Intel financial flexibility as it manages the sluggish demand for conventional processors in the face of a rising market for AI components. Read More..

B2B Tech News | 12 days ago      

TSMC Weighs Moving Chip Plants Amid China Tensions, But 8090% Remains in Taiwan

Taiwanese chipmaker TSMC has held talks with some customers about moving its chip plants off the island due to rising tensions with China. However, TS

Taiwanese chipmaker TSMC has held talks with some customers about moving its chip plants off the island due to rising tensions with China. However, TSMC Chairman C.C. Wei stated that it would be impossible to move chip factories out of the island, as 8090% of its production capacity is in Taiwan. The company is grappling with orders for highend chips offering generative artificial intelligence tools and services. TSMC has also had discussions with ChatGPT creator OpenAI over AI chip supplies, which the Taiwanese firm considered "too aggressive". Last year, TSMC and Altman discussed a potential partnership to build around three dozen factories to acquire enough silicon to meet their growing need. Despite the tensions in China, the topic of a possible war and its impact on chip supply chains has barely been featured at the annual Computex technology trade show in Taipei. Read More..

B2B Tech News | 12 days ago      

Atos Nearing Decision on Shareholder Dilution Kretinsky, Layani Proposals Compete

As it evaluates two rescue bids, backed by Czech billionaire Daniel Kretinsky and significant shareholder David Layani, French IT company Atos risks m

As it evaluates two rescue bids, backed by Czech billionaire Daniel Kretinsky and significant shareholder David Layani, French IT company Atos risks massive shareholder dilution. The beleaguered business, whose stock has plummeted, intends to decide by Wednesday. The disclosure of both plans in May is expected to result in a significant dilution of current shareholders. To complete the restructuring agreement by July, Atos is collaborating with financial creditors to get approval for one of the agreements by June 5. The two surviving agreements come after a string of fruitless takeover talks, including with the French government and Airbus. In April, the government indicated its interest in purchasing a portion of Atos company. The government may bid nonbinding in early June, although Atos stated that due diligence is still in progress. Read More..

B2B Tech News | 12 days ago      

China Takes Active Role in Zambias Debt Restructuring Mao Ning

A spokesman for the Chinese Foreign Ministry, Mao Ning, said that China is keeping an eye on the discussions about Zambias debt restructuring and will

A spokesman for the Chinese Foreign Ministry, Mao Ning, said that China is keeping an eye on the discussions about Zambias debt restructuring and will assist the nation in resolving pertinent matters. Mao emphasised that China was the first recognised foreign creditor to relieve Zambia of its debt and was playing a significant role in the matter. To support Zambia and other African nations in achieving more significant economic and social advancement, she urged the international community to collaborate with China and take decisive action. Despite an agreement with bilateral lenders last year covering over $6 billion, Zambia still owes around $7 billion on debt that needs to be resolved. The countrys quest for debt relief has been long and exhausting, with a deal with bondholders to restructure about $3 billion of debt rejected by official creditors last October. Read More..

B2B Tech News | 12 days ago