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TECH NEWS

Financial Shockwave ICBC U.S. Division Rocked by Ransomware Assault

Trades involving US Treasury securities were interfered with by a ransomware assault on Chinas Industrial and Commercial Bank of China ICBC U.S. divis

Trades involving US Treasury securities were interfered with by a ransomware assault on Chinas Industrial and Commercial Bank of China ICBC U.S. division. ICBC Financial Services is looking into the event, which they believe was planned by the Lockbit cybercrime group. A rising number of bold assaults are associated with the ransomware trend, which presents difficulties for law enforcement. Even though ICBC was able to clear Treasury and repo deals, the event raises questions about large organisations cybersecurity procedures. Even while the impact on the market appeared to be minimal, concerns about cybersecurity preparedness and possible regulatory scrutiny are probably going to arise. This occurrence makes closing off financial channels for cybercriminals more difficult, necessitating increased international informationsharing. Read More..

B2B Tech News | 1 years ago          

Nicolai Tangens Vision Norways Wealth Fund Leverages AI for Growth

The largest sovereign wealth fund in the world, worth $1.4 trillion, is utilising artificial intelligence AI to improve its investment management. CEO

The largest sovereign wealth fund in the world, worth $1.4 trillion, is utilising artificial intelligence AI to improve its investment management. CEO Nicolai Tangen has established an internal target to increase productivity by 10% during the next year through decreased trading and more effective use of AI for portfolio changes. The fund has also pushed for responsible AI use by the nearly 9,200 businesses it invests in, with an emphasis on the big tech, healthcare, and finance industries. The potential for AI to have a substantial influence on these sectors and the necessity of assuring responsible AI development—including human monitoring and accountability—are the driving forces behind this movement. Read More..

B2B Tech News | 1 years ago          

SiriusXMs GameChanger New App Aims to Outshine Spotify

With a new app and a redesigned logo, SiriusXM is hoping to attract more users and stay competitive amidst growing competition from Spotify, another s

With a new app and a redesigned logo, SiriusXM is hoping to attract more users and stay competitive amidst growing competition from Spotify, another streaming service. The apps allaccess package, which will launch in North America on December 14, will cost $9.99 per month. This is in contrast to the existing allinclusive, streamingonly plan, which costs $10.99 per month following a threemonth introductory period. A personalised landing page and carefully chosen sections are a couple of the new features. Starting in early 2024, SiriusXM and Audible will collaborate to exchange content. Read More..

B2B Tech News | 1 years ago          

EUs AI Act Blueprint for Global AI Regulations, Says Benifei

Lawmaker for the European Union Brando Benifei, who played a significant role in creating the artificial intelligence AI rules of the EU, anticipates

Lawmaker for the European Union Brando Benifei, who played a significant role in creating the artificial intelligence AI rules of the EU, anticipates that the EU AI Act will act as a "blueprint" for international AI laws. The EUs preliminary AI regulations, which are anticipated to be passed soon, aim to establish international standards for the regulation of AI technology. Benifei stated that other areas might create their own AI rules with less stringent standards by using the risk framework established in the EU AI Act as a model. Establishing AI regulations, in the opinion of many politicians and business professionals, is essential to averting dangers to democracy and society. Read More..

B2B Tech News | 1 years ago          

Imec CEO Van den Hove Impressed by Japans Chip Revival

Luc Van den Hove, CEO of Belgian chip research group Imec, says Japans attempts to become a major chip maker again are noteworthy. Japan is backing pr

Luc Van den Hove, CEO of Belgian chip research group Imec, says Japans attempts to become a major chip maker again are noteworthy. Japan is backing projects like the chip foundry company Rapidus and is providing subsidies to both local and international chipmakers to increase capacity. With the help of IBM and Imec and under the direction of seasoned chip executives, Rapidus hopes to take on wellestablished industry heavyweights like TSMC and Samsung by producing innovative chips. Van den Hove is upbeat about Rapiduss chances since the Japanese government and crew are determined to see it through to completion. Read More..

B2B Tech News | 1 years ago          

Meet Olympus Amazons Bid to Outshine AI Models like GPT4

According to reports, Amazon is spending millions creating a Large Language Model LLM dubbed "Olympus." With an estimated 2 trillion parameters, this

According to reports, Amazon is spending millions creating a Large Language Model LLM dubbed "Olympus." With an estimated 2 trillion parameters, this LLM may be among the biggest models under training. In contrast, the very capable GPT4 models from OpenAI have almost a trillion parameters. Amazon wants to compete with elite models from businesses like Alphabet and OpenAI. The team is focusing on training models to increase Amazons AI products, especially for Amazon Web Services AWS users, and is overseen by Rohit Prasad, the former head of Alexa. The increasing need for AI models across a range of sectors is reflected in Amazons investment in LLMs. Read More..

B2B Tech News | 1 years ago          

Cybersecurity Coalition US, South Korea, Japan Target North Korean Threats

To combat North Koreas cyber operations that finance its illegal weapons programmes, the US, South Korea, and Japan have formed a highlevel consultati

To combat North Koreas cyber operations that finance its illegal weapons programmes, the US, South Korea, and Japan have formed a highlevel consultation committee. The purpose of the groups quarterly meetings is to strengthen the ability of the three nations to counteract North Koreas cyberattacks and effectively respond to worldwide cyber threats. There are claims that the Norths nuclear and WMD programmes get a substantial amount of cash from these operations. The action comes after these three nations Presidents met in August and decided to form a new trilateral working group to deal with North Koreas cyber threats. Read More..

B2B Tech News | 1 years ago          

Big Tech Faces EUs Push for Transparency in Political Ads

New regulations that force Big Tech companies to explicitly label political advertising on their platforms, reveal who paid for it and how much, and i

New regulations that force Big Tech companies to explicitly label political advertising on their platforms, reveal who paid for it and how much, and identify which elections are being targeted have been agreed upon by the European Union. These regulations will require businesses like Google and Meta Platforms to be more open and responsible. Fines for infractions may reach 6% of the yearly revenue of the advertising supplier. The regulations also forbid political advertising in the EU sponsored by thirdcountry organisations three months before to elections or referendums. Also, they forbid the use of person profiles based on sexual orientation, religion, or ethnicity. 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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