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US House Panel Urges Swift Action on National AI Privacy Law

Members of a House subcommittee stress that creating a national privacy law should be the first step in the legislative regulation of artificial intel

Members of a House subcommittee stress that creating a national privacy law should be the first step in the legislative regulation of artificial intelligence AI. Anxieties surround Chinas potential to influence international AI usage and data collecting standards. For more than 20 years, the US Congress has debated a national privacy law, but agreement still needs to be reached. Since OpenAIs ChatGPT made its public debut, tech giants have been integrating generative AI rapidly, which has increased the urgent need for data governance. Representatives emphasise the significance of spearheading AI development and protecting information to stop discrimination and misuse, highlighting the necessity of national data protection rules. Read More..

B2B Tech News | 1 months ago      

Philips Surprising Tech Scheme Amidst Trade Turbulence

Philips, a Dutch healthcare equipment provider, is adjusting its supply chain significantly in response to growing trade concerns. The company intends

Philips, a Dutch healthcare equipment provider, is adjusting its supply chain significantly in response to growing trade concerns. The company intends to increase the percentage of its products supplied and assembled in China to 90% by 2024 from the present 75% and 48% in 2022 for the Chinese market. In response to shortages of chips, Philips is changing how it sources custom chips for CT scanners and ultrasound devices, choosing instead to use more expensive, newer chips that are available from several suppliers. These adjustments may increase prices, but CEO Roy Jakobs stressed that no margin will be lost. Philips will keep sourcing parts from China while adjusting for regional needs in other regions. Read More..

B2B Tech News | 1 months ago      

EU Gives Meta and TikTok a Deadline Over Content Control Warning

The European Commission has given Meta META.O and TikTok one week to provide their plans for preventing the spread of violent content, hate speech, an

The European Commission has given Meta META.O and TikTok one week to provide their plans for preventing the spread of violent content, hate speech, and terrorist content on their platforms. This action comes after a request akin to Elon Musks X was received. Suppose their answers are not thought to be adequate. In that case, the executive body of the European Union has threatened to launch an investigation. Online giants are subject to fines of up to 6% of their global sales if they fail to proactively remove illegal and damaging content, as mandated by the new Digital Services Act DSA. By October 25, 2023, and November 8, 2023, Meta and TikTok must submit particular data about crisis management, election integrity, and minors online safety. Read More..

B2B Tech News | 1 months ago      

Google’s New Search Generative Experience Alarm Publishers

Publishers are concerned about Googles new Search Generative Experience SGE tool, which uses generative AI to generate content summaries in response t

Publishers are concerned about Googles new Search Generative Experience SGE tool, which uses generative AI to generate content summaries in response to search queries. SGE uses artificial intelligence AI to create summaries by extracting content from several websites and providing connections for additional reading. Publishers are concerned about traffic to their websites, credit for their work in summaries, and payment for data used in AI training. Google is attempting to comprehend publisher input and the generative AI business model. Publishers can now prevent their material from being used in AI training with a new tool. Publishers worry that SGE summaries may result in less organic traffic, which could affect their ad revenue and website analytics. Read More..

B2B Tech News | 1 months ago      

Tesla CEO Musk Highlights Financial Stress on Everyday Americans

During an earnings call, Tesla CEO Elon Musk voiced concerns about workfromhome policies, consumer problems, and highinterest rates. He underlined how

During an earnings call, Tesla CEO Elon Musk voiced concerns about workfromhome policies, consumer problems, and highinterest rates. He underlined how Americans who live paycheck to paycheck are under financial difficulty due to loans such as mortgages and credit card debt, which makes buying electric vehicles more expensive. Musk brought up the effects of high credit card interest rates and the state of the economy. He talked about his caution stemming from previous financial crises. He said that Teslas costcutting measures were a problematic undertaking. Musk chastised proponents of working from home, claiming that they ignore the necessity of specific inperson jobs, such as food service and manufacturing. Read More..

B2B Tech News | 1 months ago      

Ford Motors Concerns Over Fuel Efficiency Standards

The plan by President Bidens administration to raise car fuel economy standards has prompted Ford Motor Co. to express concerns, citing the possibilit

The plan by President Bidens administration to raise car fuel economy standards has prompted Ford Motor Co. to express concerns, citing the possibility of "substantial economic hardship." The National Highway Traffic Safety Administration unveiled a strategy in July that seeks to increase fuel efficiency in passenger cars by 2% each year and in pickup trucks and SUVs by 4% per year between 2027 and 2032. The plan, a component of efforts to combat climate change and reduce fuel consumption, might result in an average fleetwide efficiency of 58 mpg. By 2032, Ford implied it might be subject to $1 billion in civil penalties. Other automakers and producers of electric vehicles have also provided feedback on the suggested guidelines. Read More..

B2B Tech News | 1 months ago      

TSMC Outperforms Expectations with 25% Profit Drop

After a yearlong downturn, Taiwanese chipmaker TSMC revealed a betterthanexpected 25% fall in Q3 net profit, suggesting a possible rebound in the glob

After a yearlong downturn, Taiwanese chipmaker TSMC revealed a betterthanexpected 25% fall in Q3 net profit, suggesting a possible rebound in the global semiconductor market. This is consistent with a pattern observed in rival Samsungs Q3 earnings. But heed the warning supplier ASML predicted flat revenues in 2024 due to chipmakers reluctance to make fresh expenditures. Surpassing projections, TSMCs net profit decreased to T$211 billion. Of total sales, 42% came from highperformance computing. Notwithstanding obstacles posed by a complicated geopolitical environment and the companys lower capital spending, its shares have increased 22% this year, increasing its market worth to $432.3 billion. Read More..

B2B Tech News | 1 months ago      

Nokia Announces Bold Job Cuts Amid 20% Sales Drop

The thirdquarter sales decline of Finnish telecom giant Nokia NOKIA.HE was mainly caused by lower demand for 5G equipment in the US. As a result, the

The thirdquarter sales decline of Finnish telecom giant Nokia NOKIA.HE was mainly caused by lower demand for 5G equipment in the US. As a result, the company announced a primary costcutting measure that might result in losing up to 14,000 jobs. Nokia wants to save between €800 million and €1.2 billion by 2026 to reach its longterm operating margin target of 14%. With this reorganisation, there will be 72,000–77,000 fewer workers than previously 86,000. Though it was anticipated that the fourth quarter would improve, Ericsson ERICb.ST, also confronting comparable difficulties, stated that uncertainty will continue to affect its operations beyond 2024. Read More..

B2B Tech News | 1 months ago