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Nvidias A100 and H100 Chips Prohibited Chinese Universities and Military Obtain Them

Reuters reports that Nvidia semiconductors, which the United States forbade from being exported to China, have been acquired by Chinese universities,

Reuters reports that Nvidia semiconductors, which the United States forbade from being exported to China, have been acquired by Chinese universities, military organisations, and staterun AI research centres. The transactions show how difficult it will be to deny China access to cuttingedge American semiconductors, essential for artificial intelligence and powerful computers for its armed forces. The A100 and H100 Nvidia chips are among those that are prohibited several organisations, including prestigious colleges and those governed by export laws from the United States, have purchased them. Despite the emergence of competing products, the demand highlights the need for more feasible options for Chinese enterprises. It is also said that there is a black market for these chips in China. Read More..

B2B Tech News | 1 months ago      

Wizz Air Loses Legal Battle Over Romanias €36.66 Million Aid to TAROM

Wizz Air has lost its legal case against Romania for giving TAROM, a stateowned airline, €36.66 million $40.2 million in rescue relief. The Court of

Wizz Air has lost its legal case against Romania for giving TAROM, a stateowned airline, €36.66 million $40.2 million in rescue relief. The Court of Justice of the European Union CJEU, the highest court in the European Union, maintained the European Commissions decision to authorise the aid. The European Commission approved considerable state help to several airlines during the COVID19 pandemic however, competitors challenged this decision in court. The CJEU determined Romanias loan to TAROM to meet its liquidity needs was legal under EU law. Read More..

B2B Tech News | 1 months ago      

EthiopiaSomaliland Deal for Coastline Lease Economic Implications Explored

The agreement between Somaliland and Ethiopia to lease a 20kilometer section of coastline has critical economic ramifications. Ethiopia diversifies it

The agreement between Somaliland and Ethiopia to lease a 20kilometer section of coastline has critical economic ramifications. Ethiopia diversifies its maritime routes, lessening reliance on a single corridor and cutting shipping costs by gaining access to the Red Sea outside Djibouti. The efficiency of regional commerce may benefit from this action. Its successful integration and execution into current trade networks, however, are prerequisites. The attraction of Somalia to the global world will depend on diplomatic ties, geopolitical dynamics, and stability. The pact highlights Somalias strategic importance, but more extensive variables will influence foreign support. The rise of FCFA in Ghana and Nigeria demonstrates these countries inclination for the currencys relative stability and ease of conversion. Read More..

B2B Tech News | 1 months ago      

Hertz to Sell 20,000 Electric Vehicles, Shifts Focus Back to GasPowered Cars

Due to increased collision and damage costs associated with Electric Vehicles EVs, rental giant Hertz is selling about 20,000 of its Electric Vehicles

Due to increased collision and damage costs associated with Electric Vehicles EVs, rental giant Hertz is selling about 20,000 of its Electric Vehicles EVs, including Teslas, from its U.S. fleet and refocusing on gaspowered vehicles. This action follows Hertzs agreement with Tesla to rent out its cars for around two years. Carmakers are impacted by the decision, which also forces certain rental businesses to reevaluate their EV fleets. It highlights the difficulties the EV market is facing as demand declines. By the end of 2024, Hertz wanted 25% of its fleet to go electric, but it cited increased costs and hidden costs as reasons for changing its mind. Read More..

B2B Tech News | 1 months ago      

Bitcoin ETFs Amass $4.6 Billion in FirstDay Trading, LSEG Data Reveals

Based on LSEG data, trading volume for U.S.listed bitcoin exchangetraded funds ETFs on their debut day was $4.6 billion. An important turning point fo

Based on LSEG data, trading volume for U.S.listed bitcoin exchangetraded funds ETFs on their debut day was $4.6 billion. An important turning point for the cryptocurrency market was reached when the U.S. Securities and Exchange Commission SEC approved 11 spot bitcoin ETFs, including products from BlackRock, Grayscale, and ARK. Trading volumes were dominated by major companies such as Fidelity, BlackRock, and Grayscale. The regulatory approval spurred issuers to compete fiercely for market share, which resulted in a 0.2% to 1.5% decrease in fees. Since December 2021, bitcoin has not been this high since the ETF introduction. However, the opinion of cryptocurrencies within the larger investment community is still apprehensive. Read More..

B2B Tech News | 1 months ago      

EU Adopts Mandatory Cybersecurity Standards for Government Agencies

The European Union has enacted a cybersecurity law requiring strict cyber hygiene standards for EU government institutions. The legislation was propos

The European Union has enacted a cybersecurity law requiring strict cyber hygiene standards for EU government institutions. The legislation was proposed in 2022 and has a September 2024 implementation deadline. It establishes consistent compliance requirements for EU entities, agencies, and institutions. It requires establishing risk controls and periodic evaluations of cybersecurity maturity. The rule fortifies CERTEUs position as a centre for cybersecurity help and information sharing by mandating EU entities to disclose nonclassified incidentrelated information. CERTEU will be overseen, and the Interinstitutional Cybersecurity Board will monitor its execution. This action is in response to worries about cyberattacks targeting vital infrastructure in Europe, especially in light of Russias invasion of Ukraine in 2022. Read More..

B2B Tech News | 1 months ago      

EU Antitrust Chief Vestager Meets Tech CEOs to Discuss Regulation and Competition

The CEOs of Apple, Alphabet, and Qualcomm met with EU antitrust chief Margrethe Vestager to talk about regulation and adherence to competition laws. T

The CEOs of Apple, Alphabet, and Qualcomm met with EU antitrust chief Margrethe Vestager to talk about regulation and adherence to competition laws. The obligation to permit software distribution outside of the AppStore was one of the issues of discussion with Apples Tim Cook. Discussions with Sundar Pichai of Alphabet and Google discussed the design of option screens, selfpreferencing about the Digital Markets Act DMA, and the Google ad tech antitrust issue. Companies with more than 45 million monthly users and a market valuation of €75 billion are deemed gatekeepers by the DMA and are subject to interoperability standards. During her conversation with Cristiano Amon of Qualcomm, Vestager stressed the significance of for the economic security of the European Union. Read More..

B2B Tech News | 1 months ago      

OpenAI CEO Sam Altman Discusses AIs Promise and Risks with U.S. House Speaker

Sam Altman, the CEO of OpenAI, met with Speaker of the House Mike Johnson on Capitol Hill to talk about the potential benefits and drawbacks of artifi

Sam Altman, the CEO of OpenAI, met with Speaker of the House Mike Johnson on Capitol Hill to talk about the potential benefits and drawbacks of artificial intelligence AI. The meetings topic was how to mitigate potential hazards while taking advantage of AIs enormous benefits. Although the Biden administration has been pushing for AI legislation, the divisive US Congress has not moved the needle quickly enough. AIs potential to impede democratic processes, enable fraud, and result in job losses are among the issues surrounding it. Legislators in Europe are actively working on AI regulations, putting them ahead of those in the United States. Altman was excited about the legislative process that will deal with the hazards associated with AI. Read More..

B2B Tech News | 1 months ago