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GLOBAL NEWS

Cisco Systems Poised to Invest in CoreWeave, Valuing Cloud Provider at $23 Billion

Bloomberg News reports that Cisco Systems plans to invest in CoreWeave, valuing the cloud services firm at $23 billion. Nvidiabacked CoreWeave is an e

Bloomberg News reports that Cisco Systems plans to invest in CoreWeave, valuing the cloud services firm at $23 billion. Nvidiabacked CoreWeave is an expert in constructing clusters for AI workloads and has alliances with several AI companies and rival cloud providers. Michael Intrator, the CEO of CoreWeave, has talked about a secondary transaction that would let current owners sell shares for as much as $500 million. Due to the training of massive language models and the rise in demand for cloud computing services by AI applications such as ChatGPT, big tech companies have made enormous investments in infrastructure to support AI research. Regarding the report, neither CoreWeave nor Cisco has offered any comments. Read More..

B2B Tech News | 15 days ago      

Microsoft Enhances Copilot Chatbot with AI Voice and Vision Capabilities for Intuitive User Interaction

Microsoft is improving its Copilot chatbot with new AIpowered speech and vision features. Whether brainstorming or having a quick question, the Copilo

Microsoft is improving its Copilot chatbot with new AIpowered speech and vision features. Whether brainstorming or having a quick question, the Copilot Voice function for iOS, Android, the web, and Windows allows you to engage handheld. With additional privacy settings, Copilot Vision enables users to ask about material displayed on the screen, including object identification. These capabilities, which resemble Gemini Live and ChatGPTs Voice Mode, are a part of Microsofts drive for more userfriendly AI contacts. Furthermore, Windows Insiders with Copilot+ PCs will now have access to the Recall function, which gathers screenshots of user behaviour and records it passively. According to Microsofts emphasis on privacy, data isnt utilised to train the AI. Read More..

B2B Tech News | 15 days ago      

Harvard Students Unveil IXray App to Expose Privacy Risks of AIPowered Wearables

Two engineering students at Harvard created the IXray app for RayBan Meta smart glasses to highlight the privacy concerns associated with wearable AI

Two engineering students at Harvard created the IXray app for RayBan Meta smart glasses to highlight the privacy concerns associated with wearable AI technology. Like PimEyes and FaceCheck, the software uses AI and facial recognition models to link a persons face to publicly accessible photos and get personal information from URLs and databases, including names, residences, and jobs. The software seeks to increase awareness regarding the abuse of this kind of technology and is compatible with any smart glasses that have covert cameras. The students caution about the privacy risks presented by AIenabled gadgets that may secretly record and doxx people, even if they do not plan to make the app available to the general public. Read More..

B2B Tech News | 15 days ago      

Google Unveils AIEnhanced Search Voice Queries and Organized Results Pages Coming Soon

Google is incorporating additional artificial intelligence AI capabilities into its search engine, enabling users to ask queries about photos and even

Google is incorporating additional artificial intelligence AI capabilities into its search engine, enabling users to ask queries about photos and even organising whole result pages. The upgrade expands upon Googles Lens function, which is particularly wellliked among younger users and handles over 20 billion enquiries annually. Before its launch, Google released "AI Overviews," which summarised questions but caused publishers to worry about declining online traffic. To solve this, Google has included more website links in these summaries. Google is optimistic about its advancements in AI despite previous errors, such as providing false advice. To streamline searches and appeal to a broader user base, the AI will now group search results, first for queries about meals, into clusters of images, videos, and articles. Read More..

B2B Tech News | 15 days ago      

OpenAI Launches Canvas A Collaborative Workspace for Writing and Coding with ChatGPT

OpenAIs new feature, Canvas, offers a novel way to engage with ChatGPT by enabling closer user collaboration on writing and coding projects. Canvas pr

OpenAIs new feature, Canvas, offers a novel way to engage with ChatGPT by enabling closer user collaboration on writing and coding projects. Canvas provides an interactive, shared workspace instead of a backandforth dialogue, where you may mark specific text or code sections for revision, editing, or criticism. Without having to redo full prompts, users may tweak the tone, make particular changes to introductions, or troubleshoot code. The capability will eventually be extended to additional levels and will now be accessible to ChatGPT Plus and Team subscribers. This strengthens the AIs position as an active collaborator and makes Canvas valuable for jobs demanding accuracy and revision, especially in longform writing and complicated code settings. Read More..

B2B Tech News | 15 days ago      

Micron Unveils 36GB HBM3E Memory, Boosting Bandwidth and Energy Efficiency for AI Systems

To compete in the highperformance memory market for artificial intelligence and datadriven systems, Micron has introduced its 36GB HBM3E 12high memory

To compete in the highperformance memory market for artificial intelligence and datadriven systems, Micron has introduced its 36GB HBM3E 12high memory. With approximately 1.2 terabytes per second TB/s of bandwidth and pin speeds reaching 9.2 gigabits per second Gb/s, this new memory solution offers a 50% capacity improvement over the current HBM3E options. It also meets the need for energyefficient solutions in complicated AI workloads by reducing power usage by 30%. Regulated firms like Samsung and SK Hynix, who are moving towards HBM4 technology, nevertheless present a threat to Micron. With the help of partnerships like its alliance with TSMCs 3DFabric to optimise production and improve semiconductor design capabilities, Microns HBM3E is nonetheless delivering to industry partners. Read More..

B2B Tech News | 15 days ago      

Westpac Sells Auto Finance Loans Book to Resimac for Up to A$1.6 Billion, Refocusing on Core Banking

The nonbank lender Resimac Group RMC.AX will purchase Westpac Banking Corps WBC.AX vehicle financing loan book. The deal is anticipated to be complete

The nonbank lender Resimac Group RMC.AX will purchase Westpac Banking Corps WBC.AX vehicle financing loan book. The deal is anticipated to be completed for between A$1.4 billion $963.62 million and A$1.6 billion. Westpac, the secondlargest mortgage lender in Australia, previously sold off a portion of its auto loan division to the American private equity firm Cerberus Capital Management in 2021 to focus on its core banking activities. After acquiring other businesses and portfolios in recent years, Resimac claimed that the purchase aligns with its strategic growth objectives for its asset finance division. The deal is expected to be completed by the first half of 2025. Read More..

B2B Tech News | 15 days ago      

Greeces Successful NBG Sale Signals New Era in Banking RePrivatization and Debt Management

With the successful completion of the reprivatization of its lenders, Greece raised €690 million $760.93 million to assist in paying down its sizeab

With the successful completion of the reprivatization of its lenders, Greece raised €690 million $760.93 million to assist in paying down its sizeable public debt by selling a 10% interest in the National Bank of Greece NBG. A 12fold oversubscription from both local and foreign investors resulted from the bookbuilding procedure used to sell 61.4 million shares at a price of €7.55 apiece. Following its approximately €50 billion injection to stabilise the banks during the 2009–2018 debt crisis, the Hellenic Financial Stability Fund HFSF implemented a disposal plan that included this deal. After this transaction, HFSF will give Greeces national wealth fund an 8.4% share in NBG and eliminate any attached special rights. Read More..

B2B Tech News | 15 days ago