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KAIST Unveils WalkON Suit F1 A GameChanger for Paraplegic Mobility

The lightweight wearable exoskeleton, the WalkON Suit F1, created by researchers at South Koreas KAIST, enables paraplegic individuals to walk, climb

The lightweight wearable exoskeleton, the WalkON Suit F1, created by researchers at South Koreas KAIST, enables paraplegic individuals to walk, climb stairs, and negotiate obstacles. Weighing fifty kilogrammes and constructed of titanium and aluminium, it has twelve motors that simulate the motions of human joints. The suits 1,000signalpersecond sensors compensate for sensory limitations by anticipating the users intents and using frontmounted lenses to detect obstructions and stairs. Paraplegic team member Kim Seunghwan quickly demonstrated the suit by sidestepping, climbing stairs, and walking at 3.2 kph. The group hopes to incorporate such technology into everyday life, drawing inspiration from Iron Man. At Cybathlon 2024, Kim won gold, showcasing the suits revolutionary mobility potential. Read More..

B2B Tech News | 1 months ago      

OpenAI Tests New AI Models o3 and o3 Mini, Promises Breakthroughs in Complex Reasoning

OpenAI declared that it is testing two new AI reasoning models, o3 and o3 mini. The company plans to release the complete o3 model shortly after the o

OpenAI declared that it is testing two new AI reasoning models, o3 and o3 mini. The company plans to release the complete o3 model shortly after the o3 mini by the end of January. CEO Sam Altman emphasised that these sophisticated large language models have the potential to surpass current systems, resolving challenging arithmetic, coding, and scientific problems while promoting user adoption and investment. The o3 models, which are undergoing internal safety testing, expand upon the features of the o1 models, which were introduced in September and were intended for more complex query processing. Before the models are made public, outside researchers can apply to test them. The developments at OpenAI heighten competition with competitors such as Google, which just unveiled Gemini, the second iteration of their AI model. Read More..

B2B Tech News | 1 months ago      

USIndia Partnership Ambassador Garcetti Stresses Need for Training Programs and IP Protection

At a USIndia Business Council event, US Ambassador to India Eric Garcetti emphasised the prospects of the USIndia alliance while emphasising the neces

At a USIndia Business Council event, US Ambassador to India Eric Garcetti emphasised the prospects of the USIndia alliance while emphasising the necessity of reducing tariffs and promoting fair trade. He underlined the value of intellectual property and trademark protection, as well as training programs tailored to the requirements of companies in both nations. Indias labour force is "one of the most extraordinary resources humanity has," Garcetti said, urging a renewed dedication to openness and trust. He promoted combining Indias grassroots inventiveness with American scientific and financial knowhow to build ecosystems that efficiently utilise human capital. According to Garcetti, cooperation may spur both countries bold objectives and winwin solutions. Read More..

B2B Tech News | 1 months ago      

Bank of England Holds Interest Rates Steady at 4.75% Amid Split Among Policymakers

Despite significant disagreement among policymakers, who voted 63 against a quarterpoint cut, the Bank of England BoE decided to maintain interest rat

Despite significant disagreement among policymakers, who voted 63 against a quarterpoint cut, the Bank of England BoE decided to maintain interest rates at 4.75%. In response to a weakening economy plagued by inflation, Deputy Governor Dave Ramsden and new committee member Alan Taylor joined longtime dove Swati Dhingra in calling for a cut. Governor Andrew Bailey stressed the need for careful rate decreases in light of the uncertain economy. Although the UK economy shrank in September and October, the BoEs projections suggest that there may be room for modest cuts in 2025, given ongoing inflation. Economists predict more rate reduction later in the year, and market estimates now predict a 45% chance of a rate cut in February. Read More..

B2B Tech News | 1 months ago      

India’s National Stock Exchange Leads Global IPO Market, Outpaces U.S. Exchanges

To counteract a slowdown in Chinese initial public offerings IPOs, dealmakers expect a spike in fresh share sales in Australia and India in 2025. The

To counteract a slowdown in Chinese initial public offerings IPOs, dealmakers expect a spike in fresh share sales in Australia and India in 2025. The National Stock Exchange in Mumbai has surpassed U.S. exchanges to become the busiest IPO market globally, thanks to a 149% increase in IPO value to $18.4 billion over the previous year. Indias strong growth helped it to take 16.8% of the global IPO market. The IPO volume in Australia increased by 294% due to big deals like HMC Capitals A$2 billion Digico REIT listing. The recent performance of new initial public offerings IPOs, especially Digico, has brought attention to modifying pricing expectations. In the meantime, Chinas initial public offering IPO market fell 74%, raising optimism for a rebound in the face of government stimulus plans. Read More..

B2B Tech News | 1 months ago      

Eskom Reports R55 Billion Loss Amid Restructuring, Eyes Profit by 2025

A onetime charge from splitting its transmission unit was the leading cause of South Africas state utility, Eskom, reporting an R55 billion $3 billion

A onetime charge from splitting its transmission unit was the leading cause of South Africas state utility, Eskom, reporting an R55 billion $3 billion loss for the fiscal year that ended in March 2023. Eskom expects to make more than R10 billion in profit for the fiscal year that ends in March 2025 despite these losses. Under the reform plan of President Cyril Ramaphosa, the utility is being reorganised into three divisions distribution, transmission, and generating. Rising municipal arrears, unsustainable debt, underperforming coal power plants, and insufficient tariffs were blamed for the losses. Nonetheless, revenue for the year ended March 2024 increased by 14% to R295.8 billion. Significantly, Eskoms supply stabilised, with no power outages for nine months, boosting company confidence and laying the groundwork for a rebound. Read More..

B2B Tech News | 1 months ago      

YPF and Shell Seal $50 Billion Deal for Argentina’s LNG Project Development

Shell and Argentinas stateowned oil company, YPF, have inked a deal to build the $50 billion Argentina LNG project to export LNG to important internat

Shell and Argentinas stateowned oil company, YPF, have inked a deal to build the $50 billion Argentina LNG project to export LNG to important international markets. The agreement reached in the Netherlands is Shells first phase of the project, which aims to produce 10 million metric tonnes of LNG annually. Shells involvement was praised by YPF President Horacio Marin, who also emphasised the importance of Shells experience in establishing Argentina as a trustworthy energy provider. While Petronas will continue to develop the La Amarga Chica area in Vaca Muerta, a large unconventional gas and oil reserve, the agreement ends Petronas involvement in the project. Onshore LNG facilities will be built in later stages. Read More..

B2B Tech News | 1 months ago      

Nvidia Unveils Jetson Orin Nano The Most Affordable AI Supercomputer at $249

The Jetson Orin Nano Super Generative AI supercomputer costs $249 and is Nvidias most reasonably priced offering to date. With 67 INT8 TOPS and a memo

The Jetson Orin Nano Super Generative AI supercomputer costs $249 and is Nvidias most reasonably priced offering to date. With 67 INT8 TOPS and a memory bandwidth of 102GB/s, it provides a 1.7x increase in generative AI inference performance. A 6core Arm CPU and an NVIDIA Ampere architecture GPU with tensor cores drive it. The device is aimed at students, developers, and hobbyists and is small enough to fit in a hand. AIbased robotics, visual AI agent development, and LLM chatbot generation are among the activities that users can implement. Its improved capabilities and price meet the demands of GenAI, increasing accessibility for a wide range of applications. Read More..

B2B Tech News | 1 months ago