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GLOBAL NEWS

Yen Dips Amid Speculation of Bank Of Japan Policy Shift

In Asian trade, the yen decreased, the pound rose slightly, and the dollar didnt change. Upcoming central bank meetings and a holiday in Japan account

In Asian trade, the yen decreased, the pound rose slightly, and the dollar didnt change. Upcoming central bank meetings and a holiday in Japan account for this steadiness. With talk of a departure from ultraloose monetary policy, the Bank of Japan meeting is in the spotlight. In contrast, analysts anticipate that the U.S. Federal Reserve will maintain its current course while the Bank of England may raise interest rates. Although the yen has recently declined, the week before the BOJ meeting may be unpredictable due to the possibility that Governor Uedas remarks need to be understood. Investors look forward to information on BOJ rate policy and the trajectory of rate increases. Read More..

B2B Tech News | 5 days ago      

Evergrande Stock Plunges 25% Amidst Police Detentions

After the authorities detained some employees in its wealth management section, shares of China Evergrande Group, the heavily indebted real estate dev

After the authorities detained some employees in its wealth management section, shares of China Evergrande Group, the heavily indebted real estate developer at the heart of Chinas real estate crisis, fell by 25%. This development raises the possibility of a fresh inquiry, worsening Evergrandes financial problems. Since late 2021, Evergrande has struggled with a string of defaults, raising fears of market contagion. Although specifics, such as the number of prisoners and the charges, are unknown, the police action is related to illegal forced measures imposed against people at Evergrande Financial Wealth Management Co. The business recently disclosed a firsthalf net loss of 33 billion yuan $4.5 billion and has delayed making an offshore choice. Read More..

B2B Tech News | 5 days ago      

Amazon Revolutionizes Product Listings with New AI Tool

Amazon has made A generative AI tool available to simplify its ecommerce platform for vendors. Users of this tool can enter a brief product descriptio

Amazon has made A generative AI tool available to simplify its ecommerce platform for vendors. Users of this tool can enter a brief product description, and Amazons AI will create the language needed for product listings. Before publishing it on the marketplace, sellers can edit the automatically created content. The AI tool uses an Amazon “Large Language Model” LLM initially created for Alexa. Numerous applications on this LLM have hundreds of millions of endpoints. Amazon hopes to increase listing quality, consistency, and engagement with this AI tool, enabling better product knowledge inference and enhanced content production. Read More..

B2B Tech News | 5 days ago      

Google DeepMind CoFounder Foresees the Rise of Interactive AI

Cofounder of Google DeepMind and CEO of Inflection AI Mustafa Suleyman thinks that generative AI, which generates material like writing or graphics, i

Cofounder of Google DeepMind and CEO of Inflection AI Mustafa Suleyman thinks that generative AI, which generates material like writing or graphics, is only a passing phase in the evolution of AI. He believes that interactive AI, or AI that can collaborate with people and other technology to carry out tasks while respecting user preferences is what the future holds. According to Suleyman, this represents a massive transition in technology where interactive AI will take precedence over the existing static technology. He predicted in an earlier statement that AI helpers would become widely used in five years. His business developed Pi, a chatbot for individual guidance and interactions, to compete with ChatGPT. Some individuals are concerned that excessive generative AI may decrease online traffic on websites like ChatGPT, and Suleymans perspective supports this concern. Read More..

B2B Tech News | 5 days ago      

Verizon Executive Takes the Stand in Google Antitrust Trial

The Justice Departments first witness will be a Verizon official during the second week of the Google antitrust trial. This CEO anticipates facing que

The Justice Departments first witness will be a Verizon official during the second week of the Google antitrust trial. This CEO anticipates facing questions about Googles arrangements with wireless carriers to make it the default search engine on cell phones. The trial began by discussing the "future of the internet" and later focused on business deals with Android device makers. According to the Justice Department, these $10 billion a year deals aimed to establish default positions allowing Google to dominate search and increase its profits. In their testimony, Google officials stressed the importance of the user experience while discussing their aspirations to become the default search engine. The verdict of the trial will have a significant impact on Big Tech. Read More..

B2B Tech News | 5 days ago      

EU Leaders Sound Alarm Over Chinas Grip on Batteries and Fuel Cells

A study prepared for EU leaders warned that the EU may become overly dependent on China for fuel cells and lithiumion batteries by 2030, similar to ho

A study prepared for EU leaders warned that the EU may become overly dependent on China for fuel cells and lithiumion batteries by 2030, similar to how it was previously with regard to energy. EU leaders will discuss diversifying into Africa and Latin America to address this issue. The analysis underlines the growing need for energy storage induced by intermittent renewable sources to attain netzero carbon emissions by 2050. While China is a major supplier of fuel cells and lithiumion batteries, the EU dominates the manufacture of electrolysers. Failure to take action might result in a severe problem with a foreign dependency that would affect several industries, including agriculture and digital technology, and impede productivity and attempts to combat climate change. Read More..

B2B Tech News | 5 days ago      

Polygon introduces new Improvement proposals new token POL to replace existing MATIC

Polygon, the Ethereum scaling approach, published three enhancement offers that are anticipated to be approved by users in the fourth quarter. The upd

Polygon, the Ethereum scaling approach, published three enhancement offers that are anticipated to be approved by users in the fourth quarter. The update seeks to build a network of interconnected Layer 2 chains using noknowledge theorems. The recommendations, which are presently open for user feedback, have the ability to change the design of the platform as well as its native coin. PIP 17, the first proposal focuses mainly on enabling a smooth upgrading experience for both developers and end users. PIP18 is the introduction of a new token, POL is set to replace the existing gas token, MATIC. The last improvement PIP18, describes the procedure of migrating from MATIC to POL while guaranteeing maximum backward compatibility for current smart contracts on the Polygon PoS chain. Read More..

B2B Tech News | 6 days ago      

Petroleum and Diesel prices to skyrocket in Pakistan due to spike in global petroleum products

As international oil prices climb, another big increase in gasoline costs is likely in the following weekly review. On September 15, the Oil and Gas R

As international oil prices climb, another big increase in gasoline costs is likely in the following weekly review. On September 15, the Oil and Gas Regulatory Authority Ogra is anticipated to publish new rates for petrol, diesel and other petroleum products based on average worldwide crude oil prices and currency rate variations. According to estimates from the industry, the cost of petroleum may rise by Rs 16 per liter in the following fortnights review of petroleum prices, while the price of highspeed diesel HSD is anticipated to rise by R 13.66 per liter. Kerosene along with light diesel oil LDO rates are predicted to rise by Rs 10.02 and Rs4.45 per liter, respectively. The increase in the exdepot price is mostly due to the devaluation of the rupee as well as an increase in the worldwide cost of petroleum products. Read More..

B2B Tech News | 6 days ago