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Elon Musks xAI Unveils Image Understanding for Grok Chatbot in AI Push

The Grok AI chatbot from Elon Musks AI startup, xAI, now has an image comprehension capability that lets users input photos and pose queries based on

The Grok AI chatbot from Elon Musks AI startup, xAI, now has an image comprehension capability that lets users input photos and pose queries based on the content. This new capacity, computer vision, allows the AI to analyse visual information, such as richer image context and the explanation of visual comedy. Although Grok has added support for static graphics, other AI systems like ChatGPT and Gemini already have this functionality. Musk promised to provide more features, such as file uploads and picture creation, in response to customer input. Released in August, xAIs Grok2 and Grok2 Mini are beta versions for X Premium subscribers and are said to perform better than rivals such as Claude 2.5 Sonnet and GPT4 Turbo. Read More..

B2B Tech News | 2 months ago      

Storebrand Asset Management Sells Holdings in Palantir Technologies Over Human Rights Concerns

One of the biggest investors in the Nordic area, Storebrand Asset Management, has sold its shares in Palantir Technologies because of worries over the

One of the biggest investors in the Nordic area, Storebrand Asset Management, has sold its shares in Palantir Technologies because of worries over the companys work with Israel, which may be against human rights and international humanitarian law. Citing Palantirs sales of goods for use in occupied Palestinian areas, the asset manager, who is in charge of over $91.53 billion in assets, said that it has cut the business out of its investment portfolio. Peter Thiel cofounded Palantir, which offers AI models for military use and has come under fire for its alliance with Israel in the midst of the Gaza crisis. Storebrands move comes after the Norwegian government advised against doing business in Israeli settlements in Palestinian territory. Read More..

B2B Tech News | 3 months ago      

IMF Reports Improved Economic Outlook for SubSaharan Africa Amid Ongoing Challenges

The International Monetary Fund IMF said that although subSaharan Africas economic outlook is improving, high poverty rates, a lack of employment pros

The International Monetary Fund IMF said that although subSaharan Africas economic outlook is improving, high poverty rates, a lack of employment prospects, and poor governance continue to make reform implementation difficult. The IMFs most recent Regional Economic Outlook predicts average growth of 3.6% this year and 4.2% in 2025, but several nations inflation rates are still in the double digits. Policymakers must balance addressing significant development needs and stabilising macroeconomic circumstances in the face of slow growth and limited funding. Rebuilding public confidence requires strengthening social safety nets, safeguarding vulnerable groups, and improving governance, according to the IMF, which also states that passivity is not an option for sustainable development. Read More..

B2B Tech News | 3 months ago      

Korea Zinc’s 9.85% Share Buyback Fuels Stock Surge Amid Control Battle

On Monday, Korea Zinc 010130.KS declared that it had repurchased 9.85% of its shares for $1.5 billion to stop shareholders from selling to private equ

On Monday, Korea Zinc 010130.KS declared that it had repurchased 9.85% of its shares for $1.5 billion to stop shareholders from selling to private equity company MBK and significant investor Young Poong. Amid a power battle between the Chang family of Young Poong and the Choi family, who own Korea Zinc, Bain Capital also acquired a 1.41% share in the business. The repurchase raised anticipation for a protracted takeover war, sending shares up 10% to a record high. MBK has called for an extraordinary shareholder meeting to strengthen governance and proposed 14 new directors. With a 7.83% interest, the South Korean National Pension Service is anticipated to affect the result significantly. Read More..

B2B Tech News | 3 months ago      

EU and China Pursue Alternative Solutions to Tariffs on Chinese Electric Vehicles

The European Commission and Chinas trade ministry said Friday that the EU and China have agreed to conduct more technical discussions on alternatives

The European Commission and Chinas trade ministry said Friday that the EU and China have agreed to conduct more technical discussions on alternatives to tariffs on Chinesemade electric vehicles. After an antisubsidy inquiry, the EU is set to apply tariffs of up to 35.3% next week, although it has stated that it is open to having more talks. As alternatives to tariffs, the discussions can look at possible investments in Europe or minimum pricing pledges from Chinese producers. Both parties reaffirmed their commitment to finding a solution that guarantees fairness in the EU market and complies with WTO regulations after a video conference between Chinese Minister of Commerce Wang Wentao and EU Trade Chief Valdis Dombrovskis. Read More..

B2B Tech News | 3 months ago      

Alphabets Waymo Closes $5.6 Billion Funding Round, Eyes Growth in Major Cities

To grow its autonomous ridehailing service, Alphabets Waymo division revealed on Friday that it had concluded a $5.6 billion investment round headed b

To grow its autonomous ridehailing service, Alphabets Waymo division revealed on Friday that it had concluded a $5.6 billion investment round headed by its parent firm, Google. Notable investors Andreessen Horowitz, Fidelity, and Tiger Global contributed to the round. In places including San Francisco, Phoenix, Los Angeles, Austin, and Atlanta—the latter through an extended cooperation with Uber—Waymo hopes to boost ridership in its Waymo One service with this additional cash. Autonomous ridehailing garners investment as businesses look for financial viability despite regulatory obstacles and scepticism. After much testing, Waymo started providing paid trips in 2022 and is still growing in this cutthroat industry. Read More..

B2B Tech News | 3 months ago      

Googles Project Jarvis Aiming to Revolutionize Browsing with AI Automation

The Information claims that Google is developing Project Jarvis, an artificial intelligence system that would replace web browsers for activities like

The Information claims that Google is developing Project Jarvis, an artificial intelligence system that would replace web browsers for activities like shopping and research. Project Jarvis, a browserbased task automation tool, is slated for a potential demonstration in December, concurrent with the launch of Googles Gemini big language model. Similar technology is also being advanced by Microsoftbacked OpenAI, which hopes to allow its models to undertake independent research using a "CUA" computerusing agent that takes action in response to discoveries. Google and Anthropic are allegedly advancing this idea by creating software that can communicate directly with a users computer or browser. Google has yet to respond to these developments. Read More..

B2B Tech News | 3 months ago      

Zoho Partners with NVIDIA to Integrate AIPowered LLMs in Business Applications

With NVIDIA, Zoho Corporation uses AIaccelerated computing to improve its SaaS products by adding large language models LLMs specifically designed for

With NVIDIA, Zoho Corporation uses AIaccelerated computing to improve its SaaS products by adding large language models LLMs specifically designed for commercial usage. This agreement, announced at the NVIDIA AI Summit in Mumbai, assists over 700,000 clients worldwide via ManageEngine and Zoho.com. With a $20 million investment in NVIDIA technology, Zoho focuses on business functionality and privacy compliance while creating bespoke LLMs with NVIDIA Hopper GPUs and the NeMo framework. These NVIDIA TensorRTLLMoptimized models achieve a 35% reduction in latency and a 60% increase in throughput, making them practical for applications like realtime data processing and speechtotext. With Zohos multimodal approach, organisations can be empowered by flexible and affordable AI solutions that protect user data. Read More..

B2B Tech News | 3 months ago