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Authors Nicholas Basbanes and Nicholas Gage File Lawsuit Against OpenAI and Microsoft

Novelists Nicholas Basbanes and Nicholas Gauge have launched a potential classaction lawsuit in federal court in Manhattan against Microsoft and OpenA

Novelists Nicholas Basbanes and Nicholas Gauge have launched a potential classaction lawsuit in federal court in Manhattan against Microsoft and OpenAI. They claim that to train artificial intelligence models like ChatGPT without giving due credit or authorization, OpenAI and Microsoft used their work, including many books, to violate their copyrights. This lawsuit comes after other authors have taken comparable legal action, such as The New York Times recent lawsuit against Microsoft and OpenAI. The writers say that their content led to a billiondollar business without providing sufficient recompense, and they are seeking compensation for the alleged exploitation of their works in training AI models. Read More..

B2B Tech News | 1 months ago      

United Nations Forecasts Indias GDP Growth at 6.2% in 2024

According to UN estimates, Indias GDP is expected to rise by 6.2% in 2024, with strong manufacturing and services sectors and strong domestic demand.

According to UN estimates, Indias GDP is expected to rise by 6.2% in 2024, with strong manufacturing and services sectors and strong domestic demand. With a predicted GDP growth of 6.6% by 2025, Indias economy continues to be the fastestgrowing major economy in the world. Public solid investment and resilient private consumption are identified in the study as key drivers. The UN is upbeat despite worries about unpredictable rains harming agriculture because of Indias steady economic growth. The research supports Indias robust GDP prognosis by predicting a slowdown in inflation and highlighting improvements in labour market indicators, such as rising labour force participation and falling unemployment rates. Read More..

B2B Tech News | 1 months ago      

BAE Systems to Restart Production of M777 Howitzer Structures with $50 Million Deal

After negotiating an initial order worth up to $50 million with the U.S. Army, BAE Systems announced intentions to restart the manufacture of structur

After negotiating an initial order worth up to $50 million with the U.S. Army, BAE Systems announced intentions to restart the manufacture of structures for its lightweight howitzer, the M777. The United States, Canada, and Australia have provided M777 howitzers to Ukraine. The titanium structures will be manufactured by BAE Systems in partnership with its suppliers in the United States and the United Kingdom, with delivery anticipated to start in 2025. According to the manufacturer, Europe, Asia, and the Americas have shown a greater interest in the M777 gun system. Restarting production is in line with the M777 howitzer activities in Ukraine. Read More..

B2B Tech News | 1 months ago      

Perplexity AI Secures $73.6 Million Funding Round Led by IVP, Including Jeff Bezos and Nvidia

The search firm Perplexity AI has secured $73.6 million in a fundraising round headed by IVP and including investors Jeff Bezos and Nvidia. Users may

The search firm Perplexity AI has secured $73.6 million in a fundraising round headed by IVP and including investors Jeff Bezos and Nvidia. Users may get immediate responses to their queries, references, and citations using the companys search capabilities. Large language models LLMs from several sources, such as OpenAI and Metas Llama opensource model, are used. With its emphasis on optimising many highperforming AI models, Perplexity AI seeks to disrupt the existing quo despite Googles hegemony in the online search industry. The money will go towards expanding the companys workforce and improving its product line. Read More..

B2B Tech News | 1 months ago      

Brookfield Asset Management to Acquire American Towers Indian Operations for $2.5 Billion

With the $2.5 billion acquisition of American Towers Indian business, Brookfield Asset Management will become Indias largest telecom tower operator. A

With the $2.5 billion acquisition of American Towers Indian business, Brookfield Asset Management will become Indias largest telecom tower operator. About 77,000 American towers across the nation are included in the agreement. After four years, this will be Brookfields third acquisition in India. Because of difficulties stemming from Vodafone Idea, its largest client, not being able to pay its debts, American Tower has been contemplating the sale of its business in India for about a year. Approximately 157,000 telecom towers in India are managed by Brookfield via its affiliated Data Infrastructure Trust. It is anticipated that the deal will be finalised in the latter part of 2024. Read More..

B2B Tech News | 1 months ago      

HealthEC Data Breach Exposes Sensitive Information of 4.5 Million Individuals

A data breach at HealthEC, a firm that offers health management solutions, affected around 4.5 million people who got care from one of the companys cl

A data breach at HealthEC, a firm that offers health management solutions, affected around 4.5 million people who got care from one of the companys clients. Between July 14 and July 23, 2023, a breach resulted in unauthorised access to some firm systems. Sensitive data, including names, addresses, dates of birth, Social Security numbers, medical records, information from health insurance policies, and billing and claim information, are among the stolen data. HealthEC advises impacted parties to look closely for fraud and identity theft, check free credit reports for unusual behaviour, and examine account statements. Seventeen healthcare service companies and statelevel health institutions were affected by the incident. Read More..

B2B Tech News | 1 months ago      

Chipmaking Hub Gujarat Engages with Japanese, South Korean, and U.S. Companies

Chipmakers from South Korea, Japan, and the US are negotiating to invest in Gujarat, one of Indias largest industrial centres. Prime Minister Narendra

Chipmakers from South Korea, Japan, and the US are negotiating to invest in Gujarat, one of Indias largest industrial centres. Prime Minister Narendra Modi wants to turn India into a centre for the production of chips. Still, his early plans to provide the sector with $10 billion in incentives have become problematic. Gujarat, Modis home state, recently travelled to Japan to meet with executives and had discussions with chip manufacturers. Notwithstanding nondisclosure agreements prohibiting the identities of the businesses from being revealed, the talks underscore Indias endeavours to draw foreign investment towards its chip manufacturing sector. Read More..

B2B Tech News | 1 months ago      

Samsung and Google to Utilize Qualcomms Snapdragon XR2+ Gen 2 Chip for MR/VR Headsets

Qualcomm has revealed that mixed reality MR/VR headsets would be powered by its latest processing chip, the Snapdragon XR2+ Gen 2, in collaboration wi

Qualcomm has revealed that mixed reality MR/VR headsets would be powered by its latest processing chip, the Snapdragon XR2+ Gen 2, in collaboration with Google and Samsung Electronics. This chip is appropriate for MR/VR applications since it is made to manage data flows from several cameras within the headset. Although the statement did not name the Samsung and Google devices that would use the chip, the action shows how the MR/VR industry is becoming more competitive, especially with Apples Vision Pro headset anticipated to hit stores shortly. The Vision Pro headset is expected to be delivered later this month or early in February and will feature a specially builtprocessor. Read More..

B2B Tech News | 1 months ago