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GLOBAL NEWS

Mphasis Unveils Cyber Fusion Center in Bangalore for 24/7 Threat Detection

Mphasis has opened a new Cyber Fusion Centre for clients worldwide in Bangalore, India, offering roundtheclock sophisticated threat detection, inciden

Mphasis has opened a new Cyber Fusion Centre for clients worldwide in Bangalore, India, offering roundtheclock sophisticated threat detection, incident response, and ongoing monitoring. The centre increases cybersecurity by providing breach simulations, threat hunting, forensic investigation, and proactive risk mitigation through AI, ML, and automation. It decreases attack surfaces by 45%, increases supply chain breach reaction times by 50%, and boosts threat response effectiveness by 60%. The centre guarantees thorough visibility across IT and OT platforms by tackling issues like insider threats and mutable threats. Cybersecurity innovation is further supported by Mphasiss NEXT Labs Quantum Initiative, which enables organisations to upgrade their defences and move to quantum technology. Mphasis is dedicated to providing AIdriven, gamechanging cybersecurity solutions, CEO Nitin Rakesh underlined. Read More..

B2B Tech News | 3 months ago      

Salt Typhoon Campaign Targets Major U.S. Telecom Firms in Cyberespionage Effort

The Chinese hacking collective "Salt Typhoon" has been exposed by the United States for its cyberespionage effort, which involved breaking into at lea

The Chinese hacking collective "Salt Typhoon" has been exposed by the United States for its cyberespionage effort, which involved breaking into at least eight U.S. telecom companies, including Verizon, AT&T, and TMobile, and stealing metadata from countless Americans. Although call content was not accessed, stolen metadata, like call duration, recipients, and locations, might provide intimate details about a persons life. Audio intercepts over the phone were also allegedly corrupted in certain instances. Addressing the hack has been a top priority for the White House, and President Biden has been briefed several times. The threat was emphasised by a classified Senate meeting that included the FBI and FCC. This hack emphasises how urgently telecommunications cybersecurity needs to be improved to safeguard vital infrastructure and stop future abuse. Read More..

B2B Tech News | 3 months ago      

Citigroup Rolls Out AI Tools for 140,000 Employees Across Eight Countries

Citigroup has introduced new AI capabilities for 140,000 workers in eight countries to increase efficiency and streamline processes. "Citi Stylus" ena

Citigroup has introduced new AI capabilities for 140,000 workers in eight countries to increase efficiency and streamline processes. "Citi Stylus" enables the simultaneous summarization, comparison, and search of many documents. At the same time, "Citi Assist" functions as an intelligent coworker, guiding staff members through internal policies across HR, risk, compliance, and finance. First made available in the United States, Canada, Hungary, India, Ireland, Poland, Singapore, and the United Kingdom, the tools will eventually be available worldwide. Based on staff input and user experiences, Citi intends to improve the tools. The deployment of AI differs from continuous initiatives to enhance data quality and adherence to regulations. With this action, Citi joins rivals like Bank of America and Morgan Stanley, which employ AI for specialized tasks. Read More..

B2B Tech News | 3 months ago      

Elon Musk’s xAI to Build World’s Largest GPU Cluster for AI Chatbot Grok

Elon Musks artificial intelligence business, xAI, intends to scale its Colossus supercomputer in Memphis from 100,000 to more than 1 million GPUs to t

Elon Musks artificial intelligence business, xAI, intends to scale its Colossus supercomputer in Memphis from 100,000 to more than 1 million GPUs to train its AI chatbot, Grok. This is a significant development in xAIs fight against competitors such as OpenAI. Super Micro and Dell will assemble the servers, while Nvidia will provide the GPUs. Additionally, the expansion will bring these businesses to Memphis for new operations. However, the project has come under environmental investigation due to energy consumption issues and claims of possible unauthorised usage of gas turbines for power. The action highlights the adverse effects of massive AI infrastructure on the environment and demonstrates Musks determined efforts to oppose OpenAI. Read More..

B2B Tech News | 3 months ago      

Schneider Electric Teams Up with Nvidia to Revolutionize AI Data Center Cooling

Nvidia and Schneider Electric are working together to create cooling solutions for data centres with artificial intelligence of the future. With 72 hi

Nvidia and Schneider Electric are working together to create cooling solutions for data centres with artificial intelligence of the future. With 72 highperformance AI chips that need up to 132 kilowatts of power per server rack, these architectures will support Nvidias forthcoming flagship servers. The most sophisticated servers will require liquid cooling, so Schneider is creating scalable cooling solutions suited to Nvidias systems power requirements. Customers of data centres and cloud computing companies will be the target market for these products. This collaboration complements Schneiders AI data centre growth initiatives, including a $3 billion agreement with Compass Datacenters for the fiveyear supply of electrical equipment. This discovery demonstrates how AIdriven enterprises are placing more emphasis on energyefficient infrastructure. Read More..

B2B Tech News | 3 months ago      

Qatar Announces £1 Billion Investment in UK Climate Technology During Emir’s State Visit

A portion of the £1 billion $1.3 billion Qatar intends to invest in climate technologies in the UK will go to engineering company RollsRoyce to suppo

A portion of the £1 billion $1.3 billion Qatar intends to invest in climate technologies in the UK will go to engineering company RollsRoyce to support its energy transition projects. This news was made as Qatari Emir Sheikh Tamim bin Hamad Al Thani was in Britain on a state visit. He is scheduled to meet with Prime Minister Keir Starmer. The initiative intends to build climate technology hubs and generate thousands of employment in both nations, emphasising improvements in carbon management, renewable fuels, and energy efficiency. Lower carbon technologies are crucial for facilitating the energy transition, according to RollsRoyce CEO Tufan Erginbilgic. Notable properties like the Canary Wharf and the Shard are among the Qatari Investment Authoritys substantial investments in the UK. Read More..

B2B Tech News | 3 months ago      

President Biden Makes Historic First Visit to Angola, Strengthening U.S.Angola Relations

The first time a sitting U.S. president visited Angola was Tuesday when U.S. President Joe Biden met with Angolan President João Lourenço in Luanda.

The first time a sitting U.S. president visited Angola was Tuesday when U.S. President Joe Biden met with Angolan President João Lourenço in Luanda. During their discussions, Biden highlighted a $3 billion U.S. investment in the Lobito Corridor railway redevelopment project. He expressed satisfaction with the two countries Cold Warera alliance. By improving raw material transit between Angola, Zambia, and Congo, this corridor seeks to offset Chinas regional influence. Like Chinas Belt and Road plan, the railway project supports U.S. efforts to improve African infrastructure and trade. To recognise the historical ties between the two countries and talk about potential future collaboration, Biden will also stop by Angolas National Slavery Museum. Read More..

B2B Tech News | 3 months ago      

Barclays Agrees to $19.5 Million Settlement in Manhattan Securities Fraud Lawsuit

A Manhattan securities fraud case against Barclays has been settled for $19.5 million. The shareholders claimed that the bank had misled them about it

A Manhattan securities fraud case against Barclays has been settled for $19.5 million. The shareholders claimed that the bank had misled them about its adherence to regulatory requirements. The case was brought after Barclays acknowledged in March 2022 that it had sold $15.2 billion more in structured and exchangetraded notes than the $20.8 billion U.S. regulators approved, including an additional $17.7 billion. According to shareholders, relying on Barclays guarantees about its internal controls and regulatory compliance led to losses. The tentative settlement was submitted to a federal court and needs U.S. District Judge Katherine Polk Faillas permission. Barclays still disputes any misconduct regarding compensation. Read More..

B2B Tech News | 3 months ago