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Brazil’s Central Bank Leadership Shift Gabriel Galipolo Takes Office

With the arrival of Gabriel Galipolo as the new head of the central bank, relations between the central bank and President Luiz Inacio Lula da Silva o

With the arrival of Gabriel Galipolo as the new head of the central bank, relations between the central bank and President Luiz Inacio Lula da Silva of Brazil are strengthening. Former Jair Bolsonaro appointee Roberto Campos Neto is replaced with Galipolo, a former deputy finance minister with more leftleaning economic ideas. Though Lula commends Galipolo and pledges fiscal restraint, worries about possible changes in monetary policy persist, particularly given that Lulas appointees will control most of the banks ratesetting committee. Given previous cases where political pressure impacted monetary choices, analysts are concerned that Galipolos strong relationship with Lula may jeopardise the banks independence. The difficulty will be striking a balance between growth and the required monetary discipline as Brazils state debt increases. Read More..

B2B Tech News | 1 months ago      

Brazilian Government Targets Discounts in Railway Contracts with Vale

According to a recent securities filing, Brazilian miner Vale has agreed to pay local authorities up to 11 billion reais $1.78 billion to rework two r

According to a recent securities filing, Brazilian miner Vale has agreed to pay local authorities up to 11 billion reais $1.78 billion to rework two railway concession contracts. The Brazilian government will eliminate discounts given to rail businesses during the previous administration, which enabled some corporations to obtain early contract renewals. The concessions for the Carajas and Vitoria a Minas railways were renegotiated in 2020 with general terms agreed upon by Vale, the government, and the land transport authority ANTT. The concessions were extended through 2057. The deal, awaiting other clearances, will raise Vales railway concession obligations by 1.7 billion reais. Read More..

B2B Tech News | 1 months ago      

Nvidia Acquires Israeli AI Firm Runai for $700 Million Amid Antitrust Scrutiny

Following regulatory agencies antitrust investigations, Nvidia successfully paid $700 million to purchase the Israeli AI company Runai. Concerned abou

Following regulatory agencies antitrust investigations, Nvidia successfully paid $700 million to purchase the Israeli AI company Runai. Concerned about Nvidias hegemony in the graphics processing unit GPU industry, which has an 80% market share, the European Commission first said the merger would need antitrust clearance before granting unconditional permission earlier in December. The Commission determined that the transaction would not present any serious risks despite early concerns that it would hurt competition. The U.S. Department of Justice is also looking into the transaction now. Runai aims to make its software opensource, increasing its availability beyond just Nvidia GPUs to the broader AI ecosystem. Read More..

B2B Tech News | 1 months ago      

Nvidia Shifts Focus from AI Chipsets to Robotics and Embodied AI

As competition in the AI hardware market heats up, Nvidia reportedly turns its attention from AI chipsets to robotics and embodied AI to give robots p

As competition in the AI hardware market heats up, Nvidia reportedly turns its attention from AI chipsets to robotics and embodied AI to give robots processing power and training. Deepu Talla, the companys vicepresident of robotics, highlighted their intentions to train AI agents in simulation for practical uses, stating that a "ChatGPT moment" for physical AI and robotics is approaching. By fusing software training and hardware acceleration, Nvidias new platform, Generalist Robot 00 Technology GR00T, seeks to establish the firm as a "full stack" robotics solution. To improve the effectiveness of robot training, Nvidia also intends to introduce Jetson Thor, a simulationbased training chipset that uses generative AI. Read More..

B2B Tech News | 1 months ago      

Qualcomm Unveils Snapdragon 8 Elite at Snapdragon Summit 2024

Rumour has it that Qualcomm is already working on the Snapdragon 8 Elite 2, its successor, which was only unveiled at the Snapdragon Summit 2024. Acco

Rumour has it that Qualcomm is already working on the Snapdragon 8 Elite 2, its successor, which was only unveiled at the Snapdragon Summit 2024. According to Tipster Digital Chat Station, the new chipset, which offers a considerable improvement in GPU performance over its predecessors N3E by using TSMCs N3P fabrication process, might be available as early as October 2025. Performance gains of at least 20% are anticipated from the Snapdragon 8 Elite 2 over the Snapdragon 8 Elite, which has outperformed the Snapdragon 8 Gen 3 by 30%. Thanks to this expedited timeframe, manufacturers might have more time to incorporate the new chipset into gadgets. Read More..

B2B Tech News | 1 months ago      

Aitomatic Launches SemiKong An AI Model for Semiconductor Development

SemiKong is a semiconductorfocused artificial intelligence AI model that Aitomatic introduced in partnership with the AI Alliances Foundation Models w

SemiKong is a semiconductorfocused artificial intelligence AI model that Aitomatic introduced in partnership with the AI Alliances Foundation Models workgroup. Using topnotch industryspecific data, such as design and manufacturing documents, SemiKong, trained on Metas Llama 3.1 70B foundation model and based on the domainexpert agents DXA architecture, helps experts with semiconductor development. Four variations of this opensource model—SemiKong8B, SemiKong70B, SemiKong8B Instruct, and SemiKong70B Instruct—are accessible on GitHub and Hugging Face. Aitomatic claims SemiKong can close industry knowledge gaps by cutting chipset design time by 20–30%, increasing firsttime manufacturing success rates by 25%, and speeding up onboarding for new professionals by 40–50%. Read More..

B2B Tech News | 1 months ago      

WhatsApp to Introduce “Search on Web” for Reverse Image Searches on WhatsApp Web

Currently in development, the "Search on Web" option will appear in the menu when an image is opened in WhatsApp Web. Users will be asked for permissi

Currently in development, the "Search on Web" option will appear in the menu when an image is opened in WhatsApp Web. Users will be asked for permission to upload the image to Google for the search, with WhatsApp guaranteeing it wont access the data. This feature could improve users ability to verify images and claims encountered in chats. WhatsApp is working on a new feature for WhatsApp Web called "Search on Web," which would allow users to perform reverse image searches directly within the platform, helping to combat misinformation and protect users from online scams. Read More..

B2B Tech News | 1 months ago      

Driverless Public Buses and Taxis on Horizon as Beijing Sets April 1 Deadline for Road Trials

Beijings new legislation encourages autonomous driving technologies to eventually permit driverless taxis and public buses. With effect from April 1,

Beijings new legislation encourages autonomous driving technologies to eventually permit driverless taxis and public buses. With effect from April 1, the rules allow autonomous cars to apply for road testing if they pass safety evaluations and road tests. In addition to promoting the creation of intelligent road infrastructure, the city helps integrate autonomous vehicles into private automobiles, urban buses, trams, and taxis. Wuhan has, in the meanwhile, authorised rules to promote connected, intelligent cars. With at least 19 cities testing robotaxis and robobuses, China is speeding up its selfdriving technology experiments. Significant progress in the autonomous vehicle industry is indicated by the expansion of robotaxi fleets by companies such as Pony.ai and Baidus Apollo Go. Read More..

B2B Tech News | 1 months ago