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US and UK Forge Partnership to Enhance AI Safety

The United States and Britain have signed a memorandum of understanding to collaboratively develop enhanced AI model testing as part of a new collabor

The United States and Britain have signed a memorandum of understanding to collaboratively develop enhanced AI model testing as part of a new collaboration centred on Artificial Intelligence AI safety. The goal of this partnership is to allay worries over the dangers of impending nextgeneration AI versions. Both nations are creating governmentrun AI safety institutions and acknowledge AI as a defining technology. The institutes will investigate personnel exchanges and conduct cooperative testing exercises as part of the agreement. They intend to cooperate on technological research and exchange essential data on AIs potential benefits and hazards. With the imminent introduction of new, more powerful AI models, the project emphasises how urgent it is to address AIassociated hazards. Both countries are committed to promoting AI safety and reducing potential catastrophic effects, such as those related to bioterrorism or nuclear war simulation. Read More..

B2B Tech News | 14 days ago      

Thales Launches cortAIx A Breakthrough AI Accelerator for Critical Systems

The AI accelerator cortAIx, developed by Thales, a prominent participant in ethical and trustworthy AI, aims to integrate AI technology throughout its

The AI accelerator cortAIx, developed by Thales, a prominent participant in ethical and trustworthy AI, aims to integrate AI technology throughout its sectors. CortAIx is a lab, factory, and sensor capabilities that improve military, space, and cybersecurity, among other vital systems. Thales preserves enduser decisionmaking by emphasising trustworthy AI. They use specialised evaluation techniques and cybersecurity knowhow to counteract AI security risks. Reliable artificial intelligence is incorporated into vital systems like radar, sonar, and aviation equipment, improving system performance and operator skills. Two examples are AIassisted air traffic control and the realtime analysis of optronics pictures on fighter planes. Thales is a leader in using AI in various fields, putting operator support, efficiency, and security first. Read More..

B2B Tech News | 14 days ago      

Thailands Economy Faces Challenges World Bank Downgrades Growth Forecast

The World Bank predicts that poor exports and a postponed budget will be the leading causes of Thailands 2.8% economic growth in 2024 and 3.0% growth

The World Bank predicts that poor exports and a postponed budget will be the leading causes of Thailands 2.8% economic growth in 2024 and 3.0% growth in 2025. This expectation decreases from earlier estimates of 3.2% for each two years. In 2023, the economy increased by 1.9%, but the last quarter saw an unanticipated 0.6% contraction. In addition, the slowdown in international commerce and postponed government expenditure caused Thailands central bank to lower its forecast for growth in 2024 to 2.5%–3.0%. The poor prognosis is partly attributed to bleak public investment and export expectations. Notwithstanding obstacles, development is anticipated to be driven by tourism and private consumption visitor visits are anticipated to return to 90% of prepandemic levels. The government wants to give its residents a $14 billion gift to help the economy, but worries over increased public debt persist. Read More..

B2B Tech News | 20 days ago      

European Union FastTracks Financial Aid to Egypt Amid Economic Challenges

The European Union intends to circumvent parliamentary scrutiny and other protections to speed up financial help to Egypt through an urgent funding me

The European Union intends to circumvent parliamentary scrutiny and other protections to speed up financial help to Egypt through an urgent funding mechanism. This action attempts to solve Egypts economic problems, which have been made worse by several variables, such as the pandemic and regional wars. Concerns concerning migration and regional stability surround the EUs decision. Grants, loans, and investments are all part of the aid package, with a sizeable amount designated for migration management. The EU stresses the necessity for immediate economic assistance even as it recognises Egypts sluggish progress towards change and human rights concerns. Recently, Egypt has taken measures to stabilise its economy, such as floating its currency and obtaining funding from Gulf governments and international organisations. Read More..

B2B Tech News | 20 days ago      

Rakuten Group to Streamline Fintech Operations with Consolidation Move

The Rakuten Group intends to combine all of its fintech companies into one organisation to improve cooperation and client acquisition in several indus

The Rakuten Group intends to combine all of its fintech companies into one organisation to improve cooperation and client acquisition in several industries, such as online banking, credit cards, securities, and insurance. It is anticipated that Rakuten Group and Rakuten Banks agreement of understanding for reorganisation will take effect in October. Despite the merger, Rakuten Bank will continue to be listed in the Tokyo market. Rakuten Group is taking action to strengthen its financial performance, which has been problematic since the companys 2020 launch of its mobile carrier. Rakuten has explored partnerships, asset sales, stock and debt offerings, and the sale of a portion of its securities division to Mizuho Financial Group to generate income. Read More..

B2B Tech News | 20 days ago      

Microsoft and OpenAI Unveil Ambitious Plans for Stargate Supercomputer

The partnership between Microsoft and OpenAI reveals ideas for the groundbreaking "Stargate" supercomputer, representing a significant breakthrough in

The partnership between Microsoft and OpenAI reveals ideas for the groundbreaking "Stargate" supercomputer, representing a significant breakthrough in artificial intelligence. The project, expected to cost $100 billion, aims to meet the growing need for sophisticated data centres that can host cuttingedge artificial intelligence applications. With a launch date 2028, Stargate is the culmination of Microsoft and OpenAIs multiphase strategy to realise AIs most tremendous potential. It represents a significant financial commitment to acquire the necessary AI chips for its functioning. Microsoft is working on a smaller supercomputer that will be operational by 2026, focusing on acquiring specialised artificial intelligence processors. By meeting the increasing need for generative AI and resolving security issues with Graphics Processing Units GPUs, which are essential for AI model training, Stargate promises to revolutionise AI infrastructure. Read More..

B2B Tech News | 20 days ago      

CyberArk Unveils Industrys First IdentityCentric Secure Browser for Enhanced Security

The first identitycentric secure browser on the market, CyberArk Secure Browser, was introduced to enhance security and privacy without sacrificing a

The first identitycentric secure browser on the market, CyberArk Secure Browser, was introduced to enhance security and privacy without sacrificing a recognisable user experience. It reduces the possibility of compromised identities and credentials by ensuring safe access to onpremises and cloudbased resources through integration with intelligent privilege restrictions. Designed with a cloudfirst environment, it provides security teams visibility, control, and governance while thwarting unauthorised access and credential theft. Any identity may securely access any resource from any device with this CyberArk Identity Security Platform component. By protecting all access, integrating with current IAM and security systems, and providing safe access from unmanaged devices, CyberArk Secure Browser tackles major cybersecurity concerns. Read More..

B2B Tech News | 20 days ago      

Schneider Electric and NVIDIA Join Forces to Enhance Data Center Infrastructure for AI and Digital Twin Technologies

Schneider Electric and NVIDIA are working together to optimise data centre infrastructure for edge Artificial Intelligence AI and digital twin technol

Schneider Electric and NVIDIA are working together to optimise data centre infrastructure for edge Artificial Intelligence AI and digital twin technologies. To improve the efficiency of AI deployment, they will present reference designs for AI data centres. These designs, prioritising liquid cooling and high power distribution, are intended for NVIDIA accelerated computing clusters. The digital twin platform of Schneider Electric subsidiary AVEVA will be integrated with NVIDIA Omniverse to facilitate virtual simulation and collaboration. Our collaboration seeks to stimulate innovation across industries by investigating novel AI use cases and applications. By enabling enterprises to use AIs potential fully and guaranteeing scalability, performance, and sustainability in data centre operations, they collaborate to define the direction of technology. Read More..

B2B Tech News | 20 days ago