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GLOBAL NEWS

ECOWAS Faces Renewal Amid Internal Divisions and External Pressures

Amid recent coups and economic turmoil in West Africa, ECOWAS seeks regeneration amid challenges from internal divisions and foreign forces such as th

Amid recent coups and economic turmoil in West Africa, ECOWAS seeks regeneration amid challenges from internal divisions and foreign forces such as the Alliance of Sahel States. Initiatives for discussion and the election of a new president in Senegal provide optimism for revitalization. International economist Magaye Gaye asserts that for ECOWAS to continue playing an economic role, it has to concentrate on industrial complementarity, energy, industry, integration, and intraregional commerce. Meanwhile, diplomatic tensions, intensified by Chinas intervention, are reflected in the impasse between Benin and Niger over crude oil loading and border closure. The reopening of the border still needs to be revised despite discussions. With 60 MW of power already in service, the Nachtigal Dam in Cameroon solves the countrys energy challenges and helps alleviate Doualas power outages. Read More..

B2B Tech News | 2 months ago      

Intuit Reports Surge in Revenue in Q3 Driven by Demand for AIIntegrated Products

Due to a successful tax season and high demand for its AIintegrated products, such as TurboTax, Intuit saw a spike in sales in the third quarter. Intu

Due to a successful tax season and high demand for its AIintegrated products, such as TurboTax, Intuit saw a spike in sales in the third quarter. Intuits financial management solutions, including TurboTax, Credit Karma, and QuickBooks, are highly soughtafter by small businesses and individuals alike. With tailored financial advice, the companys AIpowered Intuit Assist further improves the client experience. CEO Sasan Goodarzi highlighted AIdriven SKUs. Intuit increased its projected yearly revenue to $16.16–$16.20 billion as the postCOVID world returns to routine with tax season approaching. Revenue for the third quarter increased by 12% to $6.74 billion, driven mainly through small business and consumer market growth. Read More..

B2B Tech News | 2 months ago      

U.S. Jury Orders Micron Technology to Pay $445 Million in Damages to Netlist

A U.S. jury has mandated that Micron Technology, a semiconductor manufacturer, reimburse Netlist $445 million for patent infringement related to memor

A U.S. jury has mandated that Micron Technology, a semiconductor manufacturer, reimburse Netlist $445 million for patent infringement related to memory modules. The jury decided in favour of Netlist, finding that Microns semiconductormemory devices violated two patents that improved the performance and capacity of memory modules. In a verdict involving deliberate infringement, damages might be tripled. Boise, Idahobased Micron has yet to reply. The lawyer for Netlist conveyed appreciation to the jury for recognising its originality. This comes after Netlist defeated Samsung in a lawsuit worth $303 million. The ruling amount may affect Microns stock rise, especially after a recent patent office tribunal nullified one of Netlists patents. Read More..

B2B Tech News | 2 months ago      

British Startup Unify Simplifies Large Language Model Selection for Developers

A British business called Unify provides a router tool to assist developers in navigating the challenges of choosing the most appropriate Large Langua

A British business called Unify provides a router tool to assist developers in navigating the challenges of choosing the most appropriate Large Language Models LLMs for their applications. Unifys platform allows customers to input criteria and discover the most appropriate LLM based on cost, speed, and accuracy requirements. CEO Daniel Lenton, a former Imperial College alum, leads the company. Unifys router application leverages AI to quickly integrate new model providers by learning from extensive benchmarks. Lenton highlights Unifys distinct methodology that collaboratively optimises quality, cost, and speed, distinguishing it from rivals. With 3,000 members and prominent backers like SignalFire and Y Combinator, Unify hopes to make money by providing businesses with specialised benchmarking services, giving them a customised answer in the rapidly changing field of AI development. Read More..

B2B Tech News | 2 months ago      

Spotify Develops SpanishSpeaking AI DJ, Expanding AI Capabilities

Hugging Face, an AI company, and Amazon Web Services AWS have partnered to expedite the implementation of AI models using AWS proprietary computer chi

Hugging Face, an AI company, and Amazon Web Services AWS have partnered to expedite the implementation of AI models using AWS proprietary computer chips known as Inferentia2. AI developers may access and alter opensource AI models with Hugging Face. By working together, we aim to improve the efficiency and affordability of running AI models on AWS, meeting the demands of developers who want to integrate modified models into software applications. AWS offers Inferentia2 as a strong option for conducting inference at scale by highlighting the financial benefits of their processors for inference workloads in contrast to Nvidias hegemony in model training. Read More..

B2B Tech News | 2 months ago      

South Korea Announces $19 Billion Support Package for Semiconductor Industry

South Korea unveiled a 26 trillion won $19 billion assistance package to help its semiconductor sector stay competitive internationally. As President

South Korea unveiled a 26 trillion won $19 billion assistance package to help its semiconductor sector stay competitive internationally. As President Yoon Suk Yeol highlighted, the semiconductor industry is vital, characterising it as a battlefield for "allout national warfare." The package includes a 1 trillion won fund to help fabless firms and equipment producers and a 17 trillion won financial support programme via the Korea Development Bank. The government wants to take South Koreas nonmemory chip market share from 2% to 10% of the world market. In addition, South Korea is building a massive chip cluster in Yongin to lure fabless chip equipment businesses with the promise of reducing red tape and accelerating construction. Read More..

B2B Tech News | 2 months ago      

Nvidia Thrives Amid Generative AI Boom, Sees Surge in Demand for Graphics Processors

With its graphics processors in great demand for sophisticated AI models that produce video and interact with people like them, Nvidia is prospering a

With its graphics processors in great demand for sophisticated AI models that produce video and interact with people like them, Nvidia is prospering amid the generative AI boom. CEO Jensen Huang anticipated a significant future demand increase and emphasised the rising significance of physicsgrounded technologies and 3D media. Nvidias Grace Hopper chips—like the H200 utilised in OpenAIs GPT4—are essential for these kinds of jobs. With their AI platforms, clients like Google DeepMind and Meta Platforms are also generating demand. Nvidias shares increased by 9% due to the data centre units more than fivefold expansion. Notably, Tesla has doubled the amount of Nvidia processors it uses for AI training. This year, Nvidias data centre business is anticipated to develop considerably in the automotive sector. Read More..

B2B Tech News | 2 months ago      

Truecaller Launches AIPowered Personal Voice Feature for Customized Call Greetings

Using Microsofts Azure AI speech technology, Truecaller has introduced a unique AIpowered "personal voice" feature that lets users customise greetings

Using Microsofts Azure AI speech technology, Truecaller has introduced a unique AIpowered "personal voice" feature that lets users customise greetings and call handling in their AIgenerated voice. Truecaller previously offered an AI assistant to handle calls by taking messages, recording them, or filtering them. This functionality is expanded with the new personal voice feature, which enables users to answer calls using their "real" AI voice without responding physically. The product director for Truecaller, Raphael Mimoun, emphasised that this functionality improves user experience by bringing comfort and familiarity. With the addition of the personal voice function, the Truecaller AI assistant can screen unsolicited calls by recognising the callers intent from their speech and converting the exchange to text for review. This function also saves time by improving call management and offering more protection against robocalls and spam. Read More..

B2B Tech News | 2 months ago