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IBM and Gujarat Government Ink MoU to Establish AI Cluster in GIFT City

To accelerate the adoption of AI in the financial industry through the use of IBMs Watson platform, the Government of Gujarat and IBM have inked an Mo

To accelerate the adoption of AI in the financial industry through the use of IBMs Watson platform, the Government of Gujarat and IBM have inked an MoU to build an AI Cluster in GIFT City. Gujarats Chief Minister, Bhupendrabhai Patel, hailed this project as a significant step towards the states digital transformation. The cooperation will provide AI tools, including an AI Sandbox for model customisation, help with proof of concept, AI literacy initiatives, and digital assistant solutions. Sandip Patel of IBM underlined the strategic significance of AI for corporate competitiveness. This partnership helps IBM achieve its worldwide AI skill development objectives, which include creating an AI curriculum for Gujarats educational institutions and educating two million people by 2026 and thirty million by 2030. Read More..

B2B Tech News | 1 years ago          

Nxtra Becomes First Indian Data Center to Commit to RE100

Nxtra by Airtel is Indias first data centre company that has committed to getting all of its power from renewable sources since joining the RE100 proj

Nxtra by Airtel is Indias first data centre company that has committed to getting all of its power from renewable sources since joining the RE100 project. With a target of being net zero by 2031, Nxtra has increased its use of renewable energy dramatically. Through Power Purchase Agreements and Captive Solar Rooftop Plants, the company contracted 422,000 MWh and saved over 156,595 tCO2e emissions in FY 2023–2024. CEO Ashish Arora underlined the companys dedication to renewable energy, while RE100s Atul Mudaliar commended Nxtra for its pioneering role in lowering carbon footprints. To be responsible and sustainable, Nxtra uses a holistic strategy that blends technology innovation, operational excellence, and comprehensive interventions to achieve sustainability and efficiency. Read More..

B2B Tech News | 1 years ago          

Lenovo Unveils Enterprise AI Solutions in Partnership with NVIDIA

Together with NVIDIA, Lenovo has introduced allinclusive corporate AI solutions to improve AI productivity and accessibility across various industries

Together with NVIDIA, Lenovo has introduced allinclusive corporate AI solutions to improve AI productivity and accessibility across various industries. Targeting sectors including manufacturing, healthcare, and retail, the expansion offers AI Fast Start programmes, portfolios of AI Innovator Solutions, and consultancy services. Lenovo also unveils its sixth generation Neptune liquid cooling technology, which can save up to 40% on power usage and aid in developing highperformance AI. These programmes are a part of Lenovos $1 billion commitment spread over three years to accelerate the adoption of AI, a critical priority for businesses globally. The objectives are simplifying AI implementation, ensuring energy efficiency, and delivering faster results, enabling organisations to use AI successfully and sustainably. Read More..

B2B Tech News | 1 years ago          

Google Translate Adds 110 New Languages in Largest Update Ever

With the launch of a significant upgrade to its Translate service, Google has revealed that the PaLM 2 language model now supports 110 more languages.

With the launch of a significant upgrade to its Translate service, Google has revealed that the PaLM 2 language model now supports 110 more languages. This major upgrade is Google Translates largest to date, to remove language barriers for over 614 million speakers globally. Indigenous and revitalised languages, as well as lesserknown and commonly spoken languages, are among the newly supported languages. Some noteworthy additions are afar, Cantonese, Manx, NKo, Punjabi Shahmukhi, Tamazight Amazigh, and Tok Pisin. PaLM 2 has made it possible to support languages similar to Hindi and French Creoles by facilitating the efficient learning of related languages. Google intends to increase the range of languages and spelling standards it supports as technology develops. Read More..

B2B Tech News | 1 years ago          

OpenAI Launches CriticGPT to Enhance Code Review Accuracy by 60%

A new AI model called CriticGPT, which is based on GPT4, has been presented by OpenAI to locate mistakes in ChatGPTgenerated code. CriticGPT improved

A new AI model called CriticGPT, which is based on GPT4, has been presented by OpenAI to locate mistakes in ChatGPTgenerated code. CriticGPT improved code review results during trials by 60% compared to reviews that did not use it. The Reinforcement Learning from Human Feedback RLHF labelling pipeline developed by OpenAI will use this approach to give AI trainers more sophisticated tools for assessing intricate AI outputs. Though ChatGPTs ability to reason has increased, making its errors more nuanced, CriticGPT was built to detect flaws accurately. A second trainer preferred CriticGPTassisted critiques to unaided ones 60% of the time, according to experiments that revealed CriticGPTenabled teams generated more comprehensive critiques and detected fewer false positives. CriticGPT is a success but still needs work to handle more complicated jobs and multipart failures. Read More..

B2B Tech News | 1 years ago          

Israel to Launch Tender for First Supercomputer, Boosting AI Leadership

Dror Bin, CEO of the Israel Innovation Authority, said that to keep up its worldwide leadership in AI technology, Israel will hold a tender to build t

Dror Bin, CEO of the Israel Innovation Authority, said that to keep up its worldwide leadership in AI technology, Israel will hold a tender to build the nations first supercomputer next month. During an AI conference, Bin stressed that although AI has helped Israels IT industry, there may be obstacles due to its rapid development. The government has set up $250 million for a nationwide AI programme, of which 60% is expected to be implemented in 2024 and finished by 2027, maybe with additional financing. Israel, a wellknown innovation centre, is ranked third in the world for generative AI enterprises and has over 2,200 startups using AI. The supercomputer will be more affordable for businesses and researchers, enabling AI model training locally and decreasing the need for cloud services. Read More..

B2B Tech News | 1 years ago          

Evolve Bank and Trust Confirms Cybersecurity Breach, Customer Data Leaked on Dark Web

The leak of client data onto the dark web is the consequence of a cybersecurity issue that Evolve Bank and Trust have verified. Law enforcement organi

The leak of client data onto the dark web is the consequence of a cybersecurity issue that Evolve Bank and Trust have verified. Law enforcement organisations and the lender with headquarters in Arkansas are working together to look into and address the matter. Free identity theft protection and credit monitoring services, along with clear instructions, will be given to impacted clients. To improve risk management regarding fintech collaborations and antimoney laundering rules, Evolve was given a direction by the U.S. Federal Reserve. When their demands for a ransom were not satisfied, the cybercrime gang Lockbit 3.0 threatened to disclose critical data. Mercurys fintech business notified customers impacted by preventive steps and reported that some account details and deposit amounts were hacked. Read More..

B2B Tech News | 1 years ago          

Equinix Announces $65 Million Investment in First Chennai Data Center, CN1

To help India reach its objective of having a $1 trillion digital economy by 2027–2028, Equinix, Inc. announced the opening of its first Internation

To help India reach its objective of having a $1 trillion digital economy by 2027–2028, Equinix, Inc. announced the opening of its first International Business Exchange IBX data centre, CN1, in Chennai. Covering about 6 acres in Siruseri, CN1, which will connect to Equinixs current data centres in Mumbai, is anticipated to launch in Q4 2024 with an initial expenditure of $65 million. With dualcity redundancy for increased resilience, Equinix CN1 will support Chennais digital sector by acting as a centre for startups, companies, networks, and cloud service providers. With a focus on carbon neutrality by 2030, Equinix expects all its facilities to be powered exclusively by renewable energy. Read More..

B2B Tech News | 1 years ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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