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GLOBAL NEWS

Mukesh Ambanis Jio Payment Solutions to Facilitate Online Payments Following Regulatory Approval

Since October 28, the central bank has authorised Indias Jio Payment Solutions, a Mukesh Ambanis Reliance Group division via Jio Financial Services, t

Since October 28, the central bank has authorised Indias Jio Payment Solutions, a Mukesh Ambanis Reliance Group division via Jio Financial Services, to function as an online payment aggregator. With support for several payment methods, including bank transfers, ewallets, UPI transfers, debit and credit cards, and more, Jio Payment Solutions can help companies and consumers make payments online, thanks to this classification. With this new capacity, Jio Financial, founded last year as part of the reorganisation of the Ambaniled company, hopes to improve digital payment options in India. Read More..

B2B Tech News | 2 months ago      

AMDs FourthQuarter Revenue Outlook Falls Short, Prompting 7% Drop in Stock Prices

Despite increasing its prediction for artificial intelligence chip sales to $5 billion for 2025, Advanced Micro Devices AMD first reported fourthquart

Despite increasing its prediction for artificial intelligence chip sales to $5 billion for 2025, Advanced Micro Devices AMD first reported fourthquarter revenue below expectations. As a result of this statement, AMDs stock fell by around 7% during extended trading, undoing a significant portion of its previous gains. Although the companys data centre sales increased by 122% to $3.5 billion, AMD is still trailing Nvidia, which accounts for around 80% of the market for AI semiconductors. As CEO Lisa Su noted, continued supply issues for AI processors make it more difficult for AMD to satisfy growing demand from big tech firms like Microsoft and Meta. Despite exceeding forecasts with thirdquarter sales of $6.82 billion, the mixed outlook has sparked worries about the future of the semiconductor business. Read More..

B2B Tech News | 2 months ago      

In Mann Ki Baat, Modi Highlights Rise of Scams Using Fake Law Enforcement Impersonation

During his Mann Ki Baat address, Prime Minister Narendra Modi recently warned of the "digital arrest" scam, in which scammers pose as law enforcement

During his Mann Ki Baat address, Prime Minister Narendra Modi recently warned of the "digital arrest" scam, in which scammers pose as law enforcement to threaten victims and demand money. To emphasise that respectable authorities do not make enquiries or demand money over the phone, PM Modi released a recorded scam call and advised caution. He recommended a threestep safety procedure "Stop" to refrain from disclosing private information, "Think" about its legality, and "Take Action" by reporting it to cybercrime.gov.in or the National Cybercrime Helpline. According to government data, these frauds are becoming more common in early 2023, Indians lost ₹120.3 crore. Southeast Asian scammers frequently use fictitious authorities to "arrest" victims virtually until the money is paid. Read More..

B2B Tech News | 2 months ago      

Apples New AI Summaries Aim to Simplify App Store Reviews with Concise User Feedback

Apple may soon release App Store evaluations with AIgenerated summaries that give customers succinct app review summaries. AIpowered email, message, a

Apple may soon release App Store evaluations with AIgenerated summaries that give customers succinct app review summaries. AIpowered email, message, and notification summaries were made possible with the release of Apple Intelligence in iOS 18.1. An app review summary feature of this kind may now be developed, showing up next to app descriptions and being updated whenever a new review is published. Available in a few areas, these summaries—which were purportedly discovered on an unlisted App Store page—will emphasise prevalent user opinions. Developers can submit errors in summaries that use Apples inhouse AI models. The iOS 18.2 beta also includes more AIdriven capabilities like Image Playground and Visual Intelligence, intended to make app selection easier for consumers. Read More..

B2B Tech News | 2 months ago      

Google Rolls Out AI Shortcuts to Refine Writing on Web and Mobile with Help Me Write and Polish

Google has unveiled new AIpowered writing aid shortcuts on both online and mobile platforms. The "Help Me Write" tool, which was added to Workspace re

Google has unveiled new AIpowered writing aid shortcuts on both online and mobile platforms. The "Help Me Write" tool, which was added to Workspace recently, continues to be accessible on Gmail mobile and now provides inline recommendations for blank email drafts on the web. Users who have drafts longer than 12 words can utilise the "Polish" shortcut to improve their writing by selecting "Formalise," "Elaborate," or "Shorten." Google Workspace customers with particular Gemini and Google One AI Premium memberships may use these features enabled by default without admin control. These capabilities will be introduced gradually over 15 days to streamline text generation and editing while giving users freedom and control over refining their conversations. Read More..

B2B Tech News | 2 months ago      

Iambic Therapeutics Unveils Enchant AI Model to Slash Drug Development Costs by Half

"Enchant," an AI model introduced by Iambic Therapeutics, claims to reduce the time and expense involved in medication development. With a noteworthy

"Enchant," an AI model introduced by Iambic Therapeutics, claims to reduce the time and expense involved in medication development. With a noteworthy accuracy score of 0.74, Enchant can predict a drugs earlystage performance after training on a large amount of preclinical data. This surpasses the best accuracy of 0.58 achieved by previous models. By lowering failure rates, this breakthrough—backed by Nvidia and approved by Nobel laureate Frances Arnold—allows researchers to estimate a drugs pharmacokinetics, toxicity, and effectiveness, possibly cutting development expenditures in half. Enchant evaluates broader pharmacological characteristics crucial to a drugs effectiveness, unlike Google DeepMinds AlphaFold, which concentrates on 3D protein binding structures. Iambic asserts that by tackling expensive, latestage development concerns, Enchant has the potential to revolutionise pharmaceutical R&D. Read More..

B2B Tech News | 2 months ago      

Untether Launches EnergyEfficient AI Chip for Edge Applications, Collaborates with MercedesBenz

The "240 Slim," a new AI chip developed by Torontobased firm Untether, is designed to effectively run AI applications in automobiles, farm equipment,

The "240 Slim," a new AI chip developed by Torontobased firm Untether, is designed to effectively run AI applications in automobiles, farm equipment, and some data centres, meeting "edge" deployment requirements. Untethers processor uses far less energy for "inference"—running AI applications after training—than the Nvidia and AMD CPUs that drive largescale data centre AI model training. According to Untether, demand for inference chips would surpass training chips, with a projected market size of $102 billion by 2027. MercedesBenz and Untether are working together to improve autonomous car technology by leveraging Untethers opensource RISCVbased hardware. Recent MLCommons testing demonstrated Untethers chips excellent performance in their intended applications, underscoring the companys emphasis on energyefficient AI solutions for various sectors. Read More..

B2B Tech News | 2 months ago      

Sierra Secures $175 Million Funding Led by Greenoaks Capital, Valued at $4.5 Billion

With a value of $4.5 billion, Sierra, a software business cofounded by former Salesforce coCEO Bret Taylor, has secured $175 million in a fundraising

With a value of $4.5 billion, Sierra, a software business cofounded by former Salesforce coCEO Bret Taylor, has secured $175 million in a fundraising round headed by Greenoaks Capital. Less than a year after its public debut, Sequoia Capital and Benchmark made a $110 million investment at a valuation of around $1 billion. Serving wellknown customers like WeightWatchers and Sirius XM, Sierra is an expert in AIpowered customer care chatbots for businesses, with an annualised revenue of over $20 million. In a competitive market, the firm stands out for its emphasis on minimising "hallucinations" in AI replies. Taylor, a wellknown personality in Silicon Valley, has highlighted Sierras special status in addition to his position at OpenAI. Read More..

B2B Tech News | 2 months ago