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GLOBAL NEWS

Anthropic Unveils AI Model Updates with New Computer Use Feature for Autonomous Task Execution

Alphabet and Amazonbacked AI firm Anthropic presented new "computer use" features and improved AI models that enable the AI to independently carry out

Alphabet and Amazonbacked AI firm Anthropic presented new "computer use" features and improved AI models that enable the AI to independently carry out intricate computer operations like typing, clicking, and mouse movement. This functionality, designed with software developers in mind, is a step towards AI bots that can do multistep tasks with little assistance from humans. The updates impact two models the midtier Sonnet and the less expensive Haiku. The new Claude 3.5 Sonnet model is the only one with this functionality and protection against abuse. Anthropic investigates potential consumer availability while requesting business input to improve the product. Read More..

B2B Tech News | 3 months ago      

BRICS Nations Represent 37.4% of Global GDP, Outpacing G7, Says Putin at Business Forum

President Vladimir Putin stressed at the BRICS business conference that the BRICS group is expected to propel significant global economic growth in th

President Vladimir Putin stressed at the BRICS business conference that the BRICS group is expected to propel significant global economic growth in the future years due to its size and rapid expansion. The summit is scheduled in Kazan from October 22–24. In contrast to the G7, which accounted for 29.3% of the world GDP, the BRICS countries total GDP exceeded $60 trillion last year, or around 37.4%. Putin informed the guests that the goal of BRICS is sustainable growth, not hostility against other countries. Given Russias geopolitical isolation, business executives from South Africa and Egypt recognised the enormous potential inside BRICS, pointing to expansions in infrastructure projects, commerce, and agricultural imports. Read More..

B2B Tech News | 3 months ago      

Hyundai Motor India Shares Fall 5% on Market Debut, Despite Record ₹27,000 Crore IPO

In contrast to the ₹1,960 offer price, Hyundai Motor Indias shares fell 5% on their market debut, listing at ₹1,934. Retail investors hesitated be

In contrast to the ₹1,960 offer price, Hyundai Motor Indias shares fell 5% on their market debut, listing at ₹1,934. Retail investors hesitated because of price worries, fearing limited profits, even though the record ₹27,000 crore $3.3 billion IPO was oversubscribed more than twice. Targeting a $19 billion value, Hyundai, the secondlargest carmaker in India with a 15% market share, saw its market capitalisation close at about ₹1.51 trillion $17.96 billion. Brokerages such as Nomura and Macquarie initiated coverage with "buy" and "outperform" ratings, citing strong potential in Hyundais SUVcentric portfolio amidst slowing car sales in India, despite analysts concerns over the high P/E ratio of 26 times fiscal 2024 earnings compared to Maruti Suzukis 29 times. Read More..

B2B Tech News | 3 months ago      

Nigeria Blocks Shells $2.4 Billion Oil Sale to Renaissance Consortium, Approves Exxons Deal with Seplat

Although Nigeria approved Exxon Mobils identical deal with Seplat Energy, it vetoed Shells proposed $2.4 billion sale of all its onshore and shallowwa

Although Nigeria approved Exxon Mobils identical deal with Seplat Energy, it vetoed Shells proposed $2.4 billion sale of all its onshore and shallowwater oil businesses to the Renaissance group. Without providing more information, Gbenga Komolafe, the CEO of the Nigerian Upstream Petroleum Regulatory Commission NUPRC, said that Shells acquisition "could not scale the regulatory test." Shell is disappointed by this decision since it wants to concentrate on deepwater investments in the face of growing problems in Nigeria, such as theft and sabotage in onshore operations. Security concerns have caused oil majors to pull out of Nigerias onshore sector. Exxons transaction, pending clearance for more than two years, permits Seplat to acquire large shares in infrastructure and oil leases. Read More..

B2B Tech News | 3 months ago      

Thoma BravoBacked Sophos Expands Cybersecurity Portfolio with Secureworks Acquisition

Thoma Bravobacked cybersecurity company Sophos announced that it acquired SecureWorks from Dell Technologies for $859 million in cash to improve its p

Thoma Bravobacked cybersecurity company Sophos announced that it acquired SecureWorks from Dell Technologies for $859 million in cash to improve its products for business clients. Despite Secureworks shares dropping 1.5% to $8.35 in early trade, stockholders, including Dell, will receive $8.50 per share. Secureworks was founded in 1998 and is wellknown for its potent threat detectionfocused Taegis cloud platform. But in the face of intense competition, the firm has struggled to set itself apart from the competitors, as seen by its 17 centspershare quarterly loss. After purchasing UKbased Darktrace for almost $5.3 billion, Thoma Bravo aims to develop a robust cybersecurity portfolio, another step in that direction. Early 2025 is when the agreement is anticipated to close. Read More..

B2B Tech News | 3 months ago      

Santander Launches Openbank in the U.S., Targeting $30 Billion in Auto Loans

To facilitate up to $30 billion in vehicle loans and grow its retail operations nationwide, Santander launched its digital bank, Openbank, in the US.

To facilitate up to $30 billion in vehicle loans and grow its retail operations nationwide, Santander launched its digital bank, Openbank, in the US. Santander has about $45 billion in retail deposits and over $60 billion in vehicle loans, with a network of 409 locations, mainly in the Northeast. The bank intends to outperform competitors like Goldman Sachs by providing competitive interest rates, beginning with a 5.25% return on savings accounts. Even though Santander stopped making mortgage loans in 2022, it still plans to assess Openbanks development prospects to help small companies. This digital project must be successful to boost the banks lately declining U.S. profitability. Read More..

B2B Tech News | 3 months ago      

Meta Unveils SelfTaught Evaluator A New AI Model Aiming to Reduce Human Input in Development

A SelfTaught Evaluator that aims to lessen human intervention in AI development is one of the new AI models that Meta has developed. This methodology

A SelfTaught Evaluator that aims to lessen human intervention in AI development is one of the new AI models that Meta has developed. This methodology improves accuracy in maths and coding by using the "chain of thought" strategy, which divides complicated issues into smaller parts. By eliminating human input early, the evaluator, trained on AIgenerated data, may pave the way for autonomous AI agents capable of selflearning. The present, expensive Reinforcement Learning from Human Feedback RLHF procedure may be replaced by this method. As a significant step towards more sophisticated, autonomous AI systems, Meta seeks for AI to selfcheck and outperform humanlevel accuracy. Tools to expedite LLM answers and facilitate material discovery are among the other enhancements. Read More..

B2B Tech News | 3 months ago      

Qualcomm Unveils Snapdragon 8 Elite Chip with 45% Performance Boost, Debuting in OnePlus 13

Qualcomms newest mobile chip will power Samsung, OnePlus, Xiaomi, and OPPO flagship smartphones, the Snapdragon 8 Elite, which the company unveiled. T

Qualcomms newest mobile chip will power Samsung, OnePlus, Xiaomi, and OPPO flagship smartphones, the Snapdragon 8 Elite, which the company unveiled. Thanks to Qualcomms new Oryon CPU, which debuted on 31 October with the OnePlus 13, the processor promises up to 45% gains in performance at a 4.32 GHz CPU speed. Performing image processing and speech recognition locally on the smartphone to protect privacy improves AI capabilities. The Snapdragon 8 Elite is a smartphone that offers higher performance, longer battery life, better gaming and multimedia experiences, and a 40% increase in graphics performance. It also supports 320 MP cameras, 8K video recording, 5G and WiFi 7 connection. Read More..

B2B Tech News | 3 months ago