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B Riley Financial Subsidiary Targus International Discloses Unauthorized Access Incident

B Riley Financial revealed that on April 5, a threat actor gained unauthorised access to specific file systems at Targus International and its affilia

B Riley Financial revealed that on April 5, a threat actor gained unauthorised access to specific file systems at Targus International and its affiliates, which are indirect subsidiaries of the investment bank. The situation has been confined, recovery efforts are underway, and investigations are ongoing. Even though the intrusion momentarily hampered Targus commercial activities, B Riley said in a regulatory filing that it does not currently foresee a significant impact on its financial position. The Los Angelesbased business is still keeping a careful eye on things. At the same time, it attempts to deal with the fallout from the security incident. Read More..

B2B Tech News | 1 years ago          

Microsofts New AI Hub in London Led by Google DeepMind Cofounder Signals Strategic Investment

Microsoft has signalled its strategic commitment to AI product development and research by introducing a new artificial intelligence facility in Londo

Microsoft has signalled its strategic commitment to AI product development and research by introducing a new artificial intelligence facility in London, headed by Mustafa Suleyman, cofounder of Google DeepMind. As the principal sponsor of OpenAI, Microsoft hopes to keep up its position as the industry leader in AI even as competition for talent in Europe heats up. This action is in line with Britains ambitions to bolster its standing as a technological powerhouse after holding the worlds firstever summit on AI safety. Microsofts pledge to spend £2.5 billion $3.16 billion in data centre infrastructure and AI skills development in Britain highlights its commitment to promoting innovation and economic growth in the area, even though the precise number of jobs generated is yet unknown. Suleyman highlighted the UKs commitment to advancing AI responsibly, emphasizing collaboration between government, businesses, and academia to drive investment and innovation. Read More..

B2B Tech News | 1 years ago          

Data Security in Focus boAt Initiates Probe into Alleged Customer Data Leak

Prominent Indian audio and wearable business boAt has initiated an instant inquiry in response to alarming claims of a possible data breach impacting

Prominent Indian audio and wearable business boAt has initiated an instant inquiry in response to alarming claims of a possible data breach impacting over 7.5 million consumers. "boAt is aware of recent claims regarding a potential data leak involving customer information," a business spokeswoman said, reaffirming the companys commitment to placing a high priority on data security. Following the publication of these findings, swift action was taken, underscoring boAts commitment to protecting the security and privacy of its clients information. Thanks to its costeffective products and focus on domestic production, boAt emerged as the market leader in true wearable stereo TWS devices in India last year, growing by 39% yearly. Read More..

B2B Tech News | 1 years ago          

Meta Introduces Made with AI Labels Policy Changes Aimed at Combatting Misinformation

Ahead of the 2018 U.S. elections, Meta, the parent company of Facebook and Instagram, made substantial policy modifications involving digitally genera

Ahead of the 2018 U.S. elections, Meta, the parent company of Facebook and Instagram, made substantial policy modifications involving digitally generated and changed media. Meta will broaden its previous policy, confined to a subset of doctored media, and start introducing "Made with AI" labels for AIgenerated videos, photos, and audio starting in May. Furthermore, Meta plans to provide distinct and easily noticeable labelling for digitally modified content that is judged to have a significant chance of misleading the general audience. This change indicates a trend away from just eliminating material and towards informing viewers about the process of creating it. These reforms have raised concerns about how emerging generative AI technologies can affect political campaigns and disinformation. Read More..

B2B Tech News | 1 years ago          

Photobucket Aims for Comeback CEO Ted Leonard Looks to Revitalize Platform with AI Training Data

Once a top imagehosting website, Photobucket now only has 2 million users. However, Ted Leonard, the CEO, wants to bring the platform back to life by

Once a top imagehosting website, Photobucket now only has 2 million users. However, Ted Leonard, the CEO, wants to bring the platform back to life by allowing generative AI training to use its enormous database of 13 billion images and videos. Through negotiations, IT companies have revealed a billiondollar potential market. While big businesses like Google and Meta used to utilise openly scraped data, they are now looking for licenced material. Securing rights to realworld content is an emerging sector of AI data startups such as Defined.ai, with charges that vary depending on the type of content. However, ethical and privacy concerns persist since AI systems could unintentionally include personal data without express approval. Read More..

B2B Tech News | 1 years ago          

CoralRaider Vietnamese Hackers Target Asia with RotBot Remote Access Tool, Says Cisco Talos

Cisco Talos has identified the Vietnamese hackers as CoralRaider, and they are running a broad campaign throughout Asia, including South Korea, China,

Cisco Talos has identified the Vietnamese hackers as CoralRaider, and they are running a broad campaign throughout Asia, including South Korea, China, India, and other countries. They want to obtain financial information and business credentials using RotBot, a specialised remote access tool. Talos claims that the organisation is from Vietnam because of the Vietnamese language used in their malware and communication channels. A malicious Windows shortcut that starts an infection chain is the first step in the assault. RotBot downloads and runs malware by running PowerShell scripts under the pretence of an HTML application. The XClient info stealer collects information from social media sites and other web browsers, concentrating on payment methods, permissions, business and advertising accounts, and other details. Read More..

B2B Tech News | 1 years ago          

Mphasis and AWS Join Forces to Launch Gen AI Foundry, Accelerating AI Adoption in Financial Services

A multiyear worldwide Strategic Collaboration Agreement SCA has been signed by Mphasis and Amazon Web Services AWS to introduce the Gen AI Foundry, wh

A multiyear worldwide Strategic Collaboration Agreement SCA has been signed by Mphasis and Amazon Web Services AWS to introduce the Gen AI Foundry, which Mphasis. AI will head. This division primarily concentrates on the financial services industry and specializes in AI solutions, consultancy, and business transformation. By utilizing generative AI for solutions like Intelligent Document Processing IDP and contact centre transformation, the partnership seeks to expedite the adoption and modernization of AI. Viewed as a significant step towards providing sophisticated cloud and cognitive services driven by AWSs generative AI and data services, Mphasis CEO Nitin Rakesh sees the relationship. Targeting Fortune 100 banks, brokerage houses, and insurance companies, the project aligns with Mphasis goal to establish itself as a reliable provider of financial services. Alight and Mphasis will also work together to develop an intelligent data processing platform. Read More..

B2B Tech News | 1 years ago          

SiMa.ai Secures $70 Million Funding Boost Led by Maverick Capital for NextGen AI Chips

An extra $70 million in investment led by Maverick Capital has been received by SiMa.ai, a pioneer in embedded edge machine learning systems, increasi

An extra $70 million in investment led by Maverick Capital has been received by SiMa.ai, a pioneer in embedded edge machine learning systems, increasing their total capital to $270 million. By Q1 2025, the development and delivery of their secondgeneration Machine Learning SystemonChip MLSoC will be supported by this financing. For all edge AI requirements, the new MLSoC will offer a softwarecentric platform that supports a range of modalities, from computer vision to generative AI. Partner innovations like Arm, Synopsys, and TSMC will improve efficiency and performance. SiMa.ai wants to meet the growing need for edge AI solutions and establish itself as a significant player in the quickly changing field of embedded edge computing. 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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