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EU Countries Give Endorsement to Rules Governing Artificial Intelligence

The European Union is getting closer to enacting legislation after member states approved models like Microsofts ChatGPT, which governed the use of Ar

The European Union is getting closer to enacting legislation after member states approved models like Microsofts ChatGPT, which governed the use of Artificial Intelligence AI. The European Commissions proposed regulations seek to address issues with AI for military, criminal, and security applications and establish international standards for the technology across a range of businesses. The support of the EU nations follows the conclusion of political negotiations in December. On February 13, a significant committee of EU parliamentarians is anticipated to vote on the guidelines the European Parliament vote will occur in March or April. Read More..

B2B Tech News | 18 days ago      

Economic Leadership Indias 7% GDP Growth Leads G20 Economies

During her postbudget news conference, Finance Minister Nirmala Sitharaman emphasized these fundamental tenets Utilizing technology to increase ef

During her postbudget news conference, Finance Minister Nirmala Sitharaman emphasized these fundamental tenets Utilizing technology to increase efficiency. Building infrastructure. Promoting social justice as a means of successful government. India tops the G20 economies with three years of GDP growth at a rate of 7%. Sitharaman emphasized reducing the fiscal deficit, properly managing the economy despite obstacles, and guaranteeing that government capital expenditures—particularly infrastructure—continue. Notwithstanding the turbulence in the Red Sea, the IndiaMiddle EastEuropean Corridor IMEC project will continue. Other important factors include A commitment to fiscal consolidation that exceeds earlier objectives. The withdrawal of outstanding modest direct tax requests. The nonextension of reduced tax rates for new industrial units after March 2024. In addition, the Finance Minister recommended reconsidering the Centers 40% debttoGDP ratio goal, Read More..

B2B Tech News | 22 days ago      

Intel Faces Delay in $20 Billion Ohio Chipmaking Project

According to reports, Intel is postponing the $20 billion chipmaking project in Ohios building schedule because of market difficulties and a sluggish

According to reports, Intel is postponing the $20 billion chipmaking project in Ohios building schedule because of market difficulties and a sluggish distribution of federal grants. Chip manufacture was first scheduled to begin next year, but facilities will be finished by late 2026. A representative for Intel said that the business is dedicated to completing the project even with its revised schedule. Intel has estimated Q1 revenue below market projections due to the uncertain demand for conventional servers and PC processors, which has caused the delay. The demand for Intels core data centre solutions has been hurt by the move in expenditure into AI data servers, which Nvidia and AMD dominate. Read More..

B2B Tech News | 22 days ago      

Atlassian Beats Revenue Expectations with 21% Growth in Q2

The company that makes corporate software, Atlassian, reported revenue for the second quarter of 2021 that was 21% more than projected, coming in at $

The company that makes corporate software, Atlassian, reported revenue for the second quarter of 2021 that was 21% more than projected, coming in at $1.06 billion. The spike aided the impressive success in demand for its artificial intelligence solutions brought on by companies digitising their processes and moving to the cloud. Earnings per share for the corporation in the second quarter were 73 cents, more than the expected 62 cents. With over 300,000 users, Atlassian offers software for project and planning called Jira and content creation tools called Confluence. The business expects sales for the third quarter to be between $1.09 billion and $1.11 billion, more than the $1.07 billion predicted by the market. Read More..

B2B Tech News | 22 days ago      

Tunisia Seeks Direct Purchase of $2.25 Billion in Bonds from its Central Bank

Tunisia is contemplating borrowing billions from its central bank in an unprecedented effort to address budget shortfalls and its economic problems. T

Tunisia is contemplating borrowing billions from its central bank in an unprecedented effort to address budget shortfalls and its economic problems. To address a $3.2 billion budget gap, the government has asked the central bank to buy interestfree bonds up to a $2.25 billion value directly. Nonetheless, worries have been expressed over the possible effects on inflation, the independence of the central bank, and the trust of foreign lenders and investors. Tunisia has difficulty borrowing money from conventional lenders, such as the International Monetary Fund IMF, whose proposed $1.9 billion rescue is currently on hold. Experts caution that this might increase the danger of inflation and damage the central banks reputation Read More..

B2B Tech News | 22 days ago      

SK Hynix Eyes Indiana for StateoftheArt Facility in U.S. Expansion

It has been claimed that SK Hynix intends to build a stateoftheart factory in Indiana, USA. This new packaging factory in the United States, which spe

It has been claimed that SK Hynix intends to build a stateoftheart factory in Indiana, USA. This new packaging factory in the United States, which specialises in stacking regular Dynamic RandomAccess Memory DRAM chips to generate HighBandwidth Memory HBM chips, is one of the investment alternatives the South Korean chipmaker is considering. Afterwards, Nvidias Graphic Processing Units GPUs will be combined with these HBM chips. HBM chips are made by SK Hynix in South Korea and transported to Taiwan by Taiwan Semiconductor Manufacturing Company TSMC so that Nvidia may include them in its GPUs. The action is a component of SK Hynixs plan to strengthen its position in the American market. Read More..

B2B Tech News | 22 days ago      

Nvidia Targets Chinese Market with AI Chip H20 Amid U.S. Export Bans

To circumvent American export restrictions on highend chips, Nvidia has started taking preorders for its new Artificial Intelligence AI processor, the

To circumvent American export restrictions on highend chips, Nvidia has started taking preorders for its new Artificial Intelligence AI processor, the H20, explicitly designed for China. Nvidia is attempting to serve the Chinese market with the H20 in response to limitations imposed to impede Chinas use of artificial intelligence and cuttingedge computers for military applications. The price of the H20 from Chinese distributors is comparable to that of Huaweis Ascend 910B, Chinas most affordable AI chip. As it deals with US sanctions, Nvidia is tackling the growing rivalry from local competitors. Small batch deliveries of the H20 are anticipated in Q1 2024. Read More..

B2B Tech News | 22 days ago      

Cloudflare Repels Advanced Hacker Group, Limited Impact Reported

Internet services provider Cloudflare disclosed that it stopped a highly skilled group of hackers from trying to get into its worldwide network in lat

Internet services provider Cloudflare disclosed that it stopped a highly skilled group of hackers from trying to get into its worldwide network in late November. The hackers could obtain a small quantity of source code and some documentation, but Cloudflare claimed that the intrusions operational impact was "minimal." According to the corporation, a nationstate actor launched the attack to obtain extensive and continuous access to its worldwide network. To resolve the incident, Cloudflare worked with cybersecurity company CrowdStrike, and on November 24, 2023, the final indication of threat activity was found. The FBI and CISA did not immediately respond to the incident. Read More..

B2B Tech News | 22 days ago