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TCS to Reshape ASXs Financial Architecture in Software Overhaul

After giving up on its blockchainbased initiative, Australian stock exchange operator ASX has chosen Tata Consultancy Services TCS to redesign its cle

After giving up on its blockchainbased initiative, Australian stock exchange operator ASX has chosen Tata Consultancy Services TCS to redesign its clearing and settlement software. TCS has chosen to take a less personalised approach. This is a change from its 2017 choice, which was subsequently abandoned in 2021, to use blockchainlike technologies for its essential financial architecture. ASX will now gradually transition to TCSs software, with the redesign anticipated to be finished in 2029. Exchanges worldwide utilise TCSs software, and ASX wants to keep the new project as customised as possible. Due to the previous blockchain projects failure, the Australian Securities and Investments Commission opened an inquiry and took a sizable writedown. Read More..

B2B Tech News | 1 years ago          

AI Unleashed France, Germany, and Italy Join Forces for Mandatory SelfRegulation

In unison, France, Germany, and Italy have presented their positions on artificial intelligence AI regulation to establish "mandatory selfregulation t

In unison, France, Germany, and Italy have presented their positions on artificial intelligence AI regulation to establish "mandatory selfregulation through codes of conduct" for basic AI models that provide various outputs. Although the nations are against "untested norms," they stress that the AI Act is necessary to control the use of AI rather than the technology itself. Using best practices as a guide, developers of foundation models must provide model cards that communicate pertinent information. An AI governing agency may supervise the model card application. Although there are no consequences at this moment, a system for enforcing code of conduct infractions may be implemented in the future. Read More..

B2B Tech News | 1 years ago          

Beyond Music Spotify Teams Up with Google Cloud to Power Intelligent Podcast Picks

Spotify and Google Cloud use Large Language Models LLMs to improve user suggestions for podcasts and audiobooks. Artificial intelligence is used by LL

Spotify and Google Cloud use Large Language Models LLMs to improve user suggestions for podcasts and audiobooks. Artificial intelligence is used by LLMs, such as Googles PaLM 2, Codey, Imagen, and Chirp, to analyse massive volumes of data to produce text, pictures, audio, and video output. As a leader in AIpowered music recommendations, Spotify wants to include this feature in its nonmusic content offerings. The collaboration also looks at using LLMs to improve content safety protocols by spotting potentially dangerous content. This action aligns with Spotifys plan to profit from revenuegenerating formats such as audiobooks and podcasts. Read More..

B2B Tech News | 1 years ago          

Driving the Future China’s Intelligent Connected Vehicles ICVs Hit the Road for Trials

The Ministry of Industry and Information Technology of China has declared that specific municipal regions would allow intelligent connected cars ICVs

The Ministry of Industry and Information Technology of China has declared that specific municipal regions would allow intelligent connected cars ICVs for road testing. China, the worlds biggest auto market, has prioritized ICVs as part of its longterm strategic objectives to dominate the developing market. The approved experiments pertain to autonomy levels 3 and 4 in Chinas autonomous driving categorization scheme. This action demonstrates Chinas dedication to promoting improvements in connected and autonomous vehicle technology, in line with international trends and achievements in the automotive industry. Read More..

B2B Tech News | 1 years ago          

Text to Video Magic Metas Emu Video and Emu Edit Redefine Editing

Emu Video and Emu Edit are two AIpowered video editing tools that Meta Platforms has released. Emu Video creates foursecond movies, including suggesti

Emu Video and Emu Edit are two AIpowered video editing tools that Meta Platforms has released. Emu Video creates foursecond movies, including suggestions such as visuals with a description, a snapshot, or a caption. Emu Edit makes it simpler to edit or modify videos with text prompts. The Emu parent model, which creates graphics in response to text commands, is the foundation for these tools. Using generative AI technology, Meta has been aggressively developing its AI capabilities. This action reflects the increased interest in generative AI for capability enhancement and process improvement across various sectors. Read More..

B2B Tech News | 1 years ago          

Breaking Barriers Apple to Embrace RCS for iPhoneAndroid Messaging

According to reports, Apple intends to implement the Rich Communication Services RCS standard next year, enabling more seamless messaging between Andr

According to reports, Apple intends to implement the Rich Communication Services RCS standard next year, enabling more seamless messaging between Android and iPhone devices. While rivals like Google have been pushing to adopt RCS, Apple has resisted for over a year. The new technology would enhance iMessage by offering superior compatibility over conventional SMS or MMS. RCS is widely accepted as the industry standard for communications because it can send and receive highquality images and videos, communicate over WiFi or cellular connection, and get readreceipts. Apple hasnt formally addressed the rumoured plans as of yet. Read More..

B2B Tech News | 1 years ago          

Cyber Siege Australia Battles Sharp Rise in StateBacked Attacks

Australia has seen an increase in statesponsored cyberattacks targeting homes, companies, and vital infrastructure. According to the Australian Cyber

Australia has seen an increase in statesponsored cyberattacks targeting homes, companies, and vital infrastructure. According to the Australian Cyber Security Centres annual danger report, an estimated hack on Australian assets occurs every six minutes, which also showed a 23% rise in cybercrime reports. According to Defence Minister Richard Marles, the growth in interest in critical infrastructure by state actors has been attributed, in part, to the new AUKUS defence collaboration. The study warned of possible comparable dangers to Australias infrastructure and raised worries about a Chinese cyber outfit targeting essential U.S. infrastructure. The government is revising the federal cyber laws, and mandatory reporting of ransomware instances is being considered. Read More..

B2B Tech News | 1 years ago          

Barclays Highlights Cybersecurity Danger in SECs Treasury Plan

Recalling the recent cyberattack on ICBCs U.S. brokerdealer, Barclays has warned against the potential rise in cybersecurity risks associated with the

Recalling the recent cyberattack on ICBCs U.S. brokerdealer, Barclays has warned against the potential rise in cybersecurity risks associated with the proposed SEC rule to expand the use of central clearing for U.S. Treasuries. Should it be implemented, the SEC regulation would include the cash Treasury and repurchase agreements repo markets. The rule attempts to transmit more deals to a clearing house to double activity on the Fixed Income Clearing Corporation FICC platform. Barclays emphasised that cybersecurity issues related to mandated central clearing must be addressed, voicing worries about a possible single point of failure risk. Early in 2023 is when the SEC is anticipated to finalise the regulation. 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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