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GLOBAL NEWS

ByteDance Shifts to Huawei Chips for New AI Model Amid U.S. Export Restrictions

TikToks parent firm, ByteDance, plans to use Huawei Technologies chips to create a largelanguage AI model because the United States has export limitat

TikToks parent firm, ByteDance, plans to use Huawei Technologies chips to create a largelanguage AI model because the United States has export limitations on advanced AI chips like Nvidias. This change underlines ByteDances decision to turn to domestic vendors for AI technology, even if shipments of the Ascend 910B processor from Huawei have been restricted to less than 30,000 of the over 100,000 orders placed this year due to supply issues. Though not as powerful as its existing Doubao model, the new AI model demonstrates ByteDances increasing focus on AI, as evidenced by the companys notable engagement with its AI applications, which include a chatbot with over 10 million monthly users. Although fresh model development is denied, the action highlights ByteDances calculated reaction to outside pressure. Read More..

B2B Tech News | 14 hours ago      

Cyberattacks Surge in Indian Education Sector 8,195 Weekly Attacks Recorded

The Indian education sector was the target of an average of 8,195 cyberattacks every week, more than twice as many as the global average of 3,355, acc

The Indian education sector was the target of an average of 8,195 cyberattacks every week, more than twice as many as the global average of 3,355, according to Check Point Software Technologies Ltd.s most recent Threat Intelligence Report. The healthcare industry had 7,982 weekly attacks, followed by the government and military with 4,590 and consulting firms with 4,177. This spike is linked to the COVID19 move to remote learning and growing digitization, which exposed educational institutions because of the sensitive data they gather. According to the research, the most common malware is Qbot, Formbook, and Fake Updates 54% of infections are sent by email. To safeguard sensitive data from growing threats, Sundar Balasubramanian emphasized the urgent need for improved cybersecurity measures. Read More..

B2B Tech News | 14 hours ago      

Spotify Faces ThreeHour Outage, Affecting Over 40,000 Users Across the U.S

According to Downdetector.com, a significant outage of Spotify SPOT.N on Sunday affected over 40,000 subscribers in the US and lasted for over three h

According to Downdetector.com, a significant outage of Spotify SPOT.N on Sunday affected over 40,000 subscribers in the US and lasted for over three hours. When it was at its worst, users could only access songs they had recently listened to and experienced problems like playlists not loading or music playback ceasing abruptly. The affected user count has dropped to less than 600 at 3 P.M. ET 1900 GMT. "Everythings looking much better now!" declared Spotify in a social media post. Requests for comments from the corporation regarding the reason for the downtime have yet to receive a response. Read More..

B2B Tech News | 14 hours ago      

LinkedIn Scales Back AI Prompts for Premium Users Amid Concerns Over User Data Usage

The AI prompts that LinkedIn Premium customers saw earlier, encouraging interaction with the platforms AI features, are being discontinued. Numerous u

The AI prompts that LinkedIn Premium customers saw earlier, encouraging interaction with the platforms AI features, are being discontinued. Numerous users have noticed the lack of these prompts, and LinkedIn has acknowledged their elimination but has not stated why. These prompts offered questions based on posts, much to Metas Facebook features. A representative for LinkedIn said that although the reminders are being reduced, users may still access AI technologies to get individualized insights on companies and job networking. Updates to the platforms data collection policy were made in response to user concerns regarding the platforms training of AI models on user data without explicit agreement, which has been criticized. Read More..

B2B Tech News | 14 hours ago      

The Bahamas Faces Financial Crisis Prime Minister Calls for Global Climate Finance and Fossil Fuel Accountability

According to Prime Minister Philip Davis, the Bahamas is experiencing a financial crisis brought on by bureaucratic obstacles and climate change. The

According to Prime Minister Philip Davis, the Bahamas is experiencing a financial crisis brought on by bureaucratic obstacles and climate change. The country struggles to recover from natural catastrophes like Hurricane Dorian, which caused $3.4 billion in damages in 2019. With approximately $10 billion in debt and yearly earnings of only $2.8 billion to $2.9 billion. Leaders want richer countries and fossil fuel companies to provide more climate funding. They support a "polluters pay" system in which significant companies donate a portion of their income to help developing nations. Underscoring the existential threats small island nations face from rising sea levels and severe storms, Davis plans to use legal action to demand donations from oil giants. Read More..

B2B Tech News | 3 days ago      

Citigroup and Apollo Global Launch $25 Billion Private Credit Program, Bridging Banks and NonBank Lenders

An increasing alliance between nonbank lenders and traditional banks within the $2 trillion private credit industry is indicated by Citigroup and Apol

An increasing alliance between nonbank lenders and traditional banks within the $2 trillion private credit industry is indicated by Citigroup and Apollo Globals announcement of a $25 billion program for direct lending and private credit. Mubadala Investment Company of Abu Dhabi and Apollos Athene division will also be involved in the program. This initiative comes when funding sources for firms considering significant buyouts are finding private credit—which lends to riskier borrowers without subjecting them to the strict controls that banks do—to be more and more critical. Previously perceived as a rival to banks, private credit companies are now more likely to collaborate with them, taking advantage of their client networks while lowering risk. First, North America will be the primary focus, with the possibility of expanding globally. Read More..

B2B Tech News | 3 days ago      

Intel Set to Secure $8.5 Billion in U.S. Government Funding to Boost Semiconductor Production

Preliminary reports from the Financial Times indicate that Intel is on track to get $8.5 billion in direct investment from the US government before th

Preliminary reports from the Financial Times indicate that Intel is on track to get $8.5 billion in direct investment from the US government before the year closes. Even if talks are progressing, its still being determined that they will be finished by 2024, especially in light of possible Qualcomm merger talks that could make things more difficult. This financing comes after President Joe Biden gave grants and loans totalling about $20 billion in March to increase Intels chip output in the United States. To modernize an existing facility and build two new facilities, Intels Arizona operations will get up to $11 billion in loans and $8.5 billion in grants under the preliminary agreement. Intels difficulties have influenced these improvements to keep its manufacturing advantage over competitors like TSMC and Nvidia. Read More..

B2B Tech News | 3 days ago      

Microsoft Unveils Historic $2.70 Billion Investment in Brazil to Boost Cloud and AI Infrastructure

Microsoft will invest a groundbreaking 14.7 billion reais in Brazil over the next three years to improve its cloud computing infrastructure and artifi

Microsoft will invest a groundbreaking 14.7 billion reais in Brazil over the next three years to improve its cloud computing infrastructure and artificial intelligence capabilities. This is the biggest single investment the tech giant has ever made in Brazil. By the end of the decade, widespread use of AI is predicted to boost the nations economic growth by 4.2 percentage points. In 2020, Microsoft introduced the "Microsoft Mais Brasil" plan, which aims to build cloud and AI infrastructure across various São Paulo data centres and train 5 million people in AI. Vice President of Brazil Geraldo Alckmin highlighted Brazils potential to become a worldwide leader in AI, while Microsoft CEO Satya Nadella underlined the companys commitment to enabling AI transformation. Read More..

B2B Tech News | 3 days ago