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Goldman Sachs Ventures into AI 12 Projects Underway for Business Integration

According to George Lee, cohead of Goldmans division of applied innovation, the financial giant is now engaged in twelve initiatives aimed at incorpor

According to George Lee, cohead of Goldmans division of applied innovation, the financial giant is now engaged in twelve initiatives aimed at incorporating generative artificial intelligence into its business processes. The projects involve creating documentation and coding code with instructions in the English language. However, because financial services are regulated, none of the programmes directly involve clients. While appreciating the promise of the technology, Lee underlined the necessity of cautious and methodical advancement with generative AI, emphasising the requirement of having a "human in the loop" to oversee and intervene as necessary. JPMorgan Chase and rival Morgan Stanley are also investigating the use of generative AI in their business processes. Read More..

B2B Tech News | 2 years ago          

EUs Digital Services Act YouTube and TikTok Under Deadline for Child Safety Answers

The European Union has given Alphabets YouTube and TikTok until November 30th to reply to a request for information about how they shield kids from ob

The European Union has given Alphabets YouTube and TikTok until November 30th to reply to a request for information about how they shield kids from objectionable and unlawful content. The request is a component of the EUs attempts to guarantee adherence to the Digital Services Act, a new set of rules governing Big Tech. The European Commission is looking for information on the steps these platforms have made to improve the protections for children. A companys worldwide turnover might be fined up to 6% if the new regulations are broken. After reviewing the responses, the Commission will decide what to do next. Read More..

B2B Tech News | 2 years ago          

Revolutionizing Reality The Impact of Humanes Ai Pin

A Silicon Valley firm called Humane has unveiled the Ai Pin, a wearable gadget that costs $699 and uses cuttingedge artificial intelligence. The Ai Pi

A Silicon Valley firm called Humane has unveiled the Ai Pin, a wearable gadget that costs $699 and uses cuttingedge artificial intelligence. The Ai Pin, which is meant to be worn on clothes, makes use of OpenAI and Microsoft technology to facilitate communication with a virtual assistant. Humanes technology emphasises AI interaction above traditional screens, in contrast to mixedreality headsets. The virtual assistant can utilise the builtin camera to take photographs and estimate nutritional content, create messages in the users tone, and summarise emails using the "Catch Me Up" feature. The startup was started by former Apple employees to fuse AI with everyday living. Read More..

B2B Tech News | 2 years ago          

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 | 2 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 | 2 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 | 2 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 | 2 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 | 2 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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