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Musk Advocates ThirdParty Referee for AI Accountability

Elon Musk has advocated for the creation of a "thirdparty referee" to monitor artificial intelligence development businesses and voice concerns when n

Elon Musk has advocated for the creation of a "thirdparty referee" to monitor artificial intelligence development businesses and voice concerns when needed. To guarantee the appropriate growth of AI, he underlined the significance of developing a framework for insight. Musk made these remarks during the AI Safety Summit in the UK, where a joint declaration outlining a cooperative strategy for detecting and managing shared AIrelated risks was released and signed by 28 nations and the European Union. Musk emphasised the necessity for a thorough knowledge of AI before creating oversight measures, voicing fear that governments would enact regulations too soon. Read More..

B2B Tech News | 1 years ago          

Bletchley Declaration World Leaders Commit to AI Risk Management

During the AI Safety Summit at Bletchley Park, the UK, the US, the EU, China, and over 25 other nations pledged to work together to manage the risks a

During the AI Safety Summit at Bletchley Park, the UK, the US, the EU, China, and over 25 other nations pledged to work together to manage the risks associated with artificial intelligence AI. They endorsed a "Bletchley Declaration" that emphasised the need for global collaboration and a standard method of supervision. The proclamation seeks to address common worries about the possible risks associated with AI and to create regulations to reduce such risks. Wu Zhaohui, Chinas vice minister of science and technology, stated that Beijing is willing to engage with other countries to ensure AI safety and create a global "governance framework." The summits main topic was the existential hazards posed by extremely powerful generalpurpose AI models. Read More..

B2B Tech News | 1 years ago          

MCUs Transformed into Realtime Data Processing Platforms with ITTIA DB IoT

ITTIA DB IoT, a part of the ITTIA DB embeddable database family, enhances microcontroller MCU devices with advanced database and stream processing cap

ITTIA DB IoT, a part of the ITTIA DB embeddable database family, enhances microcontroller MCU devices with advanced database and stream processing capabilities. This new release empowers MCU applications to swiftly process, aggregate, detect anomalies, store, and make decisions based on data. Original equipment manufacturers OEMs creating gateway devices, industrial systems, medical devices, wearables, and embedded products can integrate ITTIA DB IoT for realtime data monitoring, storage, and management. ITTIA DB IoTs architecture is customizable, allowing embedded developers to choose realtime data streaming, time series management, and table data storage based on their specific needs. Read More..

B2B Tech News | 1 years ago          

Shareholders Face Choices as Broadcoms VMware Deal Nears Closing

Broadcom expects its $61 billion acquisition of VMware to close before the November deadline, reassuring investors despite concerns about Chinas revie

Broadcom expects its $61 billion acquisition of VMware to close before the November deadline, reassuring investors despite concerns about Chinas review process. While they didnt reveal the status of Chinese regulatory approval, both companies confirmed no legal barriers under U.S. merger regulations. The deal could be terminated if regulatory approval isnt obtained in time, resulting in a $1.5 billion termination fee for Broadcom. The merger has received clearance in several countries but faces potential delays due to tightening U.S. chip sanctions in China. VMwares premarket trading price was $147, and shareholders can choose between $142.50 in cash or 0.252 shares of Broadcom stock per VMware share. Broadcom shares closed at $838.36. Read More..

B2B Tech News | 1 years ago          

Metas Legal Woes Continue South Korean Court Finds User Consent Lacking

Meta Platforms Ireland, formerly Facebook, lost a legal battle in South Korea over a $5.78 million fine imposed by the Data Protection Commission. The

Meta Platforms Ireland, formerly Facebook, lost a legal battle in South Korea over a $5.78 million fine imposed by the Data Protection Commission. The fine resulted from the unauthorized sharing of personal information of over 3.3 million South Korean Facebook users with third parties between 2012 and 2018. Meta claimed the sharing was consensual, but the court ruled against them, stating users werent adequately informed, and the company unjustly benefited. Additionally, the investigation found that information about a users Facebook friends was shared without consent when users accessed other services through Facebook login. Meta was also accused of hindering the investigation by providing late and false information. Read More..

B2B Tech News | 1 years ago          

Innovation in Online Shopping Fidelitys VR Platform and Retail Powerhouses Collaborate

An Australian VR company, Fidelity, founded by Jackson Meyer, is reshaping online shopping through a strategic partnership with prominent retailers, C

An Australian VR company, Fidelity, founded by Jackson Meyer, is reshaping online shopping through a strategic partnership with prominent retailers, Cotton On Group and Linen House. Following a successful capital raise, Fidelity holds a pending patent for their advanced VR shopping platform, positioning them as leaders in Australian tech innovation. They are the first in Australia to introduce an extensive virtual shopping experience, collaborating with top software developers to enhance the shopping experience on personal electronic devices. Emerging during the challenges of the pandemic, Fidelity addresses the growing demand for ecommerce experiences that replicate inperson shopping. Read More..

B2B Tech News | 1 years ago          

Microsoft Commits $100 Million to Fuel Generative AI Adoption Globally, Focusing on Japan

Microsoft and Amazon, two major American IT companies, have turned their attention to the expanding generative AI market in Japan. They are enticing b

Microsoft and Amazon, two major American IT companies, have turned their attention to the expanding generative AI market in Japan. They are enticing businesses to adopt their technologies by offering financial incentives. Microsoft, for instance, has allocated $100 million to support its global corporate clients, with approximately 40 percent of this earmarked for Japanese companies. These funds will be used to assist companies in implementing Microsofts generative AI program, covering expenses related to performance verification. Kimura Yasushi, a representative from Microsoft Japan, stated that the generative AI market is entirely new and holds significant potential in Japan. On the other hand, Amazon is providing a total of $6 million to support Japanese firms in developing their own generative AI programs using Amazons technology as a foundation. Read More..

B2B Tech News | 1 years ago          

Tech Industry Faces Backlash Over Gender Equality Impact of Office Mandates

The decision to scale back on flexible work arrangements in UK technology companies is undermining the strides made in promoting gender equality follo

The decision to scale back on flexible work arrangements in UK technology companies is undermining the strides made in promoting gender equality following the pandemic. A recent survey conducted by digital consultancy Nash Squared, involving 1,185 UK chief technology and information officers between June and September, sheds light on this issue. According to the survey published on Monday, the data reveals a stark contrast in the hiring patterns for women. This shift in hiring practices underscores the profound impact of flexible work policies on gender balance within the tech industry. Its evident that remote work options have become a crucial factor in attracting and retaining female talent, contributing to a more inclusive and diverse workforce. Read More..

B2B Tech News | 1 years ago          



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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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