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TECH NEWS

Klarnas SnaptoShop Breakthrough From Photography into Purchases

The Swedish payments company Klarna has revealed an AIpowered shopping tool created in partnership with OpenAI. It enables customers to shop by taking

The Swedish payments company Klarna has revealed an AIpowered shopping tool created in partnership with OpenAI. It enables customers to shop by taking pictures of the items they want to buy, making them immediately available for purchase through the mobile app. Like many businesses, this invention intends to increase Klarnas valuation as it pursues an eventual IPO. By analysing pricing and reviews, Klarnas AI finds over 10 million products, including apparel, home goods, and electronics. It removes peoples faces or bodies from the photographs to meet privacy issues. Compared to Googles Lens, which focuses on image recognition, Klarnas shopping feature is available in the US, UK, Germany, Sweden, Denmark, and Norway. Despite a decline in valuation, Klarna achieved monthly profitability earlier than expected. Read More..

B2B Tech News | 1 years ago          

Japans Digi Currency DCJPY Currency Sparks Digital Revolution

By July 2024, a group of Japanese companies intends to introduce "DCJPY," a digital currency used to settle and transact clean energy certificates. GM

By July 2024, a group of Japanese companies intends to introduce "DCJPY," a digital currency used to settle and transact clean energy certificates. GMO Aozora Net Bank will create this yenbased digital money. Internet Initiative Japan IIJ will utilise it to settle clean energy certificate transactions. DeCurrets digital currency differs from stablecoins because it uses blockchain technology to be backed by bank deposits. The central banks intentions for the digital yen may be impacted by this project, which harmonises Japan with the global trend of bankbacked digital currencies. The group, which includes significant institutions, seeks to develop a standard infrastructure for the settlement of digital payments. Read More..

B2B Tech News | 1 years ago          

Adobes Firefly Image 2 Model Takes Generative AI to the Next Level

At the Adobe MAX conference, Adobe unveiled its latest generative AI models Adobe Firefly Image 2 Model, Adobe Firefly Vector Model, and Adobe Firefly

At the Adobe MAX conference, Adobe unveiled its latest generative AI models Adobe Firefly Image 2 Model, Adobe Firefly Vector Model, and Adobe Firefly Design Model. The Firefly Image 2 Model offers improved creative control and image quality, introducing Text to Image capabilities. The Firefly Vector Model is the worlds first generative AI model for vector graphics and empowers Text to Vector Graphic in Illustrator. The Firefly Design Model instantly generates template designs. Notable upgrades include Generative Match, Photo Settings for image adjustments, and Prompt Guidance for refining prompts. Read More..

B2B Tech News | 1 years ago          

Qualcomm Introduces OryonPowered Snapdragon X Series Processors

Qualcomm has introduced the Snapdragon X series, a new line of chips that will coexist with its existing Snapdragon 8cx processors. These new Snapdrag

Qualcomm has introduced the Snapdragon X series, a new line of chips that will coexist with its existing Snapdragon 8cx processors. These new Snapdragon X chips will feature a customized version of the Oryon CPUs, offering significant improvements in both performance and power efficiency. The Oryon CPU, initially announced in November last year, is intended for use in various devices, including PCs, smartphones, digital cockpits, extended reality, and advanced driver assistance systems. Qualcomm will also distinguish these new chips with a different branding, replacing the iconic Snapdragon fireball logo. Read More..

B2B Tech News | 1 years ago          

Israeli Tech Startups Struggle for Funding Amid Economic Turbulence

Israeli tech startups are struggling to secure funding due to a turbulent year marked by the collapse of a major startup lender, global economic conce

Israeli tech startups are struggling to secure funding due to a turbulent year marked by the collapse of a major startup lender, global economic concerns, and rising interest rates. This funding challenge is expected to persist for several months. The tech sector is a crucial component of Israels economy, employing 14% of the workforce and contributing 20% to the countrys $525 billion GDP in 2022. Israel, often referred to as "Silicon Wadi," is home to numerous startups, but investment in these ventures has been declining for seven consecutive quarters, even prior to recent events. Read More..

B2B Tech News | 1 years ago          

UK Governments AI Strategy Under Fire at Labour Party Conference

Labour tech ministers have criticized Rishi Sunaks handling of AI regulation, claiming its progressing too slowly and lacks clear priorities. They bel

Labour tech ministers have criticized Rishi Sunaks handling of AI regulation, claiming its progressing too slowly and lacks clear priorities. They believe the government is failing to support the tech sector in harnessing the potential of AI, despite the Prime Ministers promise to make the UK a global AI leader. They particularly pointed out the delays in the AI regulatory white papers release and issues with government AI consultations, which they say are harming both AI professionals and the UK economy. Read More..

B2B Tech News | 1 years ago          

Unauthorized Books Fuel Controversy in AI Model Training

Prominent tech firms are facing criticism for using unauthorized books to train AI models, causing backlash from authors and raising ethical concerns.

Prominent tech firms are facing criticism for using unauthorized books to train AI models, causing backlash from authors and raising ethical concerns. Nearly 200,000 books, part of a dataset known as "Books3," are being used for AI training. The dataset includes illicitly acquired ebooks, covering various genres. While some AI training uses online articles, premium texts like books are crucial for comprehensive language learning. Lawsuits are now targeting Meta and other companies utilizing Books3 for AI training. Read More..

B2B Tech News | 1 years ago          

Tech Giants Struggle to Turn AI Hype into Profit Amid Soaring Operational Costs

According to reports, major technology companies are grappling with the challenge of turning their AI ventures into profitable endeavors, despite the

According to reports, major technology companies are grappling with the challenge of turning their AI ventures into profitable endeavors, despite the enthusiastic response from consumers. The primary obstacle lies in the substantial operational costs associated with maintaining AI products. AI tools, particularly those yet to establish market durability, can prove costly to operate due to their reliance on powerful servers equipped with expensive, powerhungry chips. Unlike conventional software, AI requires specific algorithms to process each query, with the energy consumption varying based on the querys complexity. This results in substantial expenses, especially for highfrequency users. For instance, Microsoft faces losses with GitHub Copilot, an AI coding assistant, as it incurs a deficit of $20 per user per month, with some users costing as much as $80. 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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