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EU Enacts Historic Laws ChatGPT and AI Face New Regulations

On Friday, the European Union and ChatGPT struck a tentative agreement on historic legislation about using artificial intelligence AI. As a result, th

On Friday, the European Union and ChatGPT struck a tentative agreement on historic legislation about using artificial intelligence AI. As a result, the EU is setting the standard for legislation governing AI. Before generalpurpose AI systems GPAI and foundation models like ChatGPT are released into the market, the agreement requires them to comply with transparency requirements. It also provides guidelines for systemically risky highimpact foundation models. The agreement forbids governments from using biometric categorization systems to infer sensitive information, untargeted face picture scraping, cognitive behavioural manipulation, and realtime biometric monitoring in public areas. It is anticipated that the law will take effect in early 2024. Read More..

B2B Tech News | 2 months ago      

Argentinas New Economy Minister Luis Caputo Faces Daunting Challenges in Economic Crisis

Known as the "Messi of finance" because of his part in restoring Argentinas access to credit markets, Luis Caputo will have a big task ahead of him in

Known as the "Messi of finance" because of his part in restoring Argentinas access to credit markets, Luis Caputo will have a big task ahead of him in his new post as Economy Minister. Caputo will have to compromise between President Javier Mileis demands, who has pushed for extreme measures including closing the central bank and dollarizing the economy, and his agenda, which includes dealing with tripledigit inflation, replenishing reserves, and navigating a dire economic crisis. Notwithstanding the difficulties, investors are looking for a more conventional economic strategy, which has boosted local markets since Caputos appointment. Before this, Caputo was the central banks president and finance minister. Read More..

B2B Tech News | 2 months ago      

Citigroup CFO Announces $1 Billion Charges for Restructuring, Aiming for Streamlined Operations

Mark Mason, Chief Financial Officer of Citigroup, disclosed that the significant reorganisation of the firm will include expenses of around $1 billion

Mark Mason, Chief Financial Officer of Citigroup, disclosed that the significant reorganisation of the firm will include expenses of around $1 billion for severance and restructuring costs. Thousands of jobs may be lost due to the reorganisation, which is anticipated to be finished by the end of Q1 2024 and entails simplifying management. The banks structure will be made simpler, yearly costs will drop to between $51 billion and $53 billion, and profit objectives will be approached due to the reorganisation. Mason said that the fourth quarter may record $200 million or more in restructuring charges. After the reorganisation, Citigroup hopes to attain a mediumterm return on average tangible common stockholders equity ROTCE of 11% to 12%. Read More..

B2B Tech News | 2 months ago      

Alphabet Reveals Gemini, its Advanced MultiModal AI Model to Compete with OpenAIs ChatGPT

The most sophisticated artificial intelligence AI model developed by Alphabet, Gemini, can handle text, audio, and video, among other data types. This

The most sophisticated artificial intelligence AI model developed by Alphabet, Gemini, can handle text, audio, and video, among other data types. This is a significant attempt on Alphabets part to take on AI models such as ChatGPT from OpenAI. Gemini is built for more complex reasoning and subtle knowledge processing. Alphabet intends to introduce the most sophisticated version of Bard, its AI assistant, through Bard in early 2024 and integrate Gemini technology into it. The business has developed three versions of Gemini, each tailored to a particular amount of processing power. The giant version is designed to run in data centres, while the miniature version is optimised for mobile devices. Read More..

B2B Tech News | 2 months ago      

Enhancing Traceability Meta Platforms Integrates Invisible Watermarking into its imagine with Meta AI Chatbot

In the upcoming weeks, Facebooks parent company, Meta Platforms, intends to integrate undetectable watermarking into its texttoimage generating produc

In the upcoming weeks, Facebooks parent company, Meta Platforms, intends to integrate undetectable watermarking into its texttoimage generating product vision using Meta AI chatbot. This action aims to improve the traceability and transparency of the generated photographs. An images source may be established, and any possible edits or abuse can be found with invisible watermarking. To provide unique and exciting experiences, Meta Platforms has been integrating artificial intelligence AI into its products, such as chatbots and intelligent eyewear. The use of invisible watermarking aligns with initiatives to alleviate worries about the integrity and manipulation of material produced by artificial intelligence. Read More..

B2B Tech News | 2 months ago      

AMD Targets $45 Billion Market with NextGen MI300 AI Chips

AMD revealed the MI300 family, its latest generation of AI chips. This year, the company increased its June forecast of $30 billion to $45 billion for

AMD revealed the MI300 family, its latest generation of AI chips. This year, the company increased its June forecast of $30 billion to $45 billion for the data centre AI processor market. The new chips come in two varieties one is meant for supercomputers, and the other is for generative AI applications. The MI300X chip has upgraded highbandwidth memory for better performance. For 2024, AMD anticipates a "significant" supply of AI chips—well over $2 billion. The business projected that the data centre AI chip market will reach over $400 billion by 2027, highlighting the increasing need for these processors. AMD wants to challenge Nvidia, which now controls the majority of the market for AI chips. Read More..

B2B Tech News | 2 months ago      

Disney Unveils Integration of Hulu into Disney+ Streaming Service

Disney has included Hulu in its Disney+ streaming service, launching "Hulu on Disney+" in beta for Disney Bundle domestic customers. Its official debu

Disney has included Hulu in its Disney+ streaming service, launching "Hulu on Disney+" in beta for Disney Bundle domestic customers. Its official debut is scheduled for March 2024. With this change, subscribers to Disney+ will have access to a wider variety of material, including wellknown Hulu series like "The Bear" and "The Kardashians." Due to the combination, Disneys streaming business will benefit from more engagement, more advertising options, lower user acquisition costs, and higher overall profitability. The firm aims to profit from its streaming service by the end of the 2024 fiscal year, and CEO Bob Iger is leading this effort. Read More..

B2B Tech News | 2 months ago      

Microsoft Secures $69 Billion Acquisition of Activision Blizzard, Marking Major Industry Consolidation

After a protracted court battle, regulatory roadblocks, and calculated moves, Microsoft closed the $69 billion acquisition of Activision on October 13

After a protracted court battle, regulatory roadblocks, and calculated moves, Microsoft closed the $69 billion acquisition of Activision on October 13, 2023. The trip required a complicated web of talks, appeals, extensions, and close monitoring of cloud gaming and competition by antitrust authorities in the US and the UK. Microsoft effectively negotiated the environment via court fights and regulatory reviews, resolving concerns and reorganising the agreement to appease the UK Competition and Markets Authority CMA. Activision Blizzard, a prominent gaming and entertainment business participant, is now under Microsofts ownership, marking a substantial consolidation in the gaming industry. Read More..

B2B Tech News | 2 months ago