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BlockFi Emerges Strong As Crypto Lenders Comeback After FTX Turmoil

After experiencing turmoil related to the collapse of FTX, BlockFi, the cryptocurrency lender, has declared bankruptcy and announced plans to wind dow

After experiencing turmoil related to the collapse of FTX, BlockFi, the cryptocurrency lender, has declared bankruptcy and announced plans to wind down its operations and restore assets to consumers. To increase customer recovery, the New Jerseybased company plans to pursue further payments from insolvent cryptocurrency companies such as FTX and Three Arrows Capital. Interestbearing Earn account holders are expected to get back anything from 39.4% to 100% of their initial investment. Part of BlockFis problems stemmed from loans to Alameda, FTXs sibling company. Sam BankmanFried, the creator of FTX, is presently facing a fraud trial. Scarcity of collateral presented difficulties for cryptocurrency lenders, who prospered throughout the pandemic. Read More..

B2B Tech News | 2 years ago          

Qualcomms GameChanging Chip to Challenge Apple Macs in AI Performance

Details on Qualcomms Snapdragon Elite X chip, which is intended to beat Apples Mac chips in specific workloads, were made public for Windowsbased lapt

Details on Qualcomms Snapdragon Elite X chip, which is intended to beat Apples Mac chips in specific workloads, were made public for Windowsbased laptops. The new chip is designed to handle AI activities such as text authoring, image generation, and email summary. It will be ready in the upcoming year. According to Microsoft CEO Satya Nadella, these chips will bring forth a new era of "AI PCs" for individuals and enterprises alike. The Snapdragon Elite X, according to Qualcomm, is faster and uses less energy than Intel PC CPUs and Apples M2 Max. Demand for laptops with AI capabilities is predicted to increase with the rise of AIgenerated content, which includes beer labels and real estate brochures. Read More..

B2B Tech News | 2 years ago          

Apples GameChanging Move, Supports RighttoRepair

The largest tech firm in the world, Apple, has responded to consumer advocates concerns about the difficulty and expense of restoring its gadgets by a

The largest tech firm in the world, Apple, has responded to consumer advocates concerns about the difficulty and expense of restoring its gadgets by announcing its support for a righttorepair law in the United States. Apart from supporting federal law, Apple will supply independent repair businesses and consumers around the country with parts, tools, and repair paperwork. This action is in line with President Joe Bidens initiatives to increase competition and do rid of policies that drive up costs for consumers. Apple wants to empower independent repair firms and cut down on technological waste by prioritising durability and repairability. Although the declaration is a start in the right direction, consumer activists are wary and want to keep an eye on how federal legislation is being implemented. Read More..

B2B Tech News | 2 years ago          

AWS Pioneers Sovereign Cloud in Europe, Prioritizing Data Security

In Europe, Amazon Web Services AWS will launch a sovereign cloud that serves regulated sectors and government agencies. With an emphasis on data secur

In Europe, Amazon Web Services AWS will launch a sovereign cloud that serves regulated sectors and government agencies. With an emphasis on data security and regulatory compliance, this cloud will store data on EU servers that are only controlled by AWS employees who are residents of the EU. AWSs action complies with privacy laws, as the European Union places a high priority on security and privacy. This project comes as a privacy monitor looked into how cloud services are used by the government. AWS intends to service European government and commercial customers, starting in Germany and spreading throughout the continent, in rivalry with Microsoft and Oracle. This action recognises the trend towards data centres on the public cloud. Read More..

B2B Tech News | 2 years ago          

Chinese Cyber Scam Networks Raise Alarms in Southeast Asia

Cyber scam networks continue to entangle people throughout Southeast Asia, including local elites, and are mostly run by powerful Chinese criminal syn

Cyber scam networks continue to entangle people throughout Southeast Asia, including local elites, and are mostly run by powerful Chinese criminal syndicates. This is concerning to Chinese travellers and officials. These frauds frequently entice victims with promises of lucrative occupations, pressuring them to take part in dishonest actions. Although China, Thailand, Laos, and Myanmar recently established a combined police operations centre, analysts contend that comprehensive measures are still missing in action against these scams. Scammers target people worldwide and present a serious challenge to law enforcement organisations. They have been associated with the Belt and Road Initiative on occasion. Chinas attempts to mend its reputation are still beset with difficulties. Read More..

B2B Tech News | 2 years ago          

EU Gains Momentum in Big Tech Network Financing

Italys Industry Minister, Adolfo Urso, supports EU proposals requiring Big Tech firms to help fund EU telecom infrastructure. He emphasizes fair costs

Italys Industry Minister, Adolfo Urso, supports EU proposals requiring Big Tech firms to help fund EU telecom infrastructure. He emphasizes fair costsharing among digital transformation beneficiaries. However, he urges a comprehensive assessment of network capacity and potential overload due to Big Tech content before enacting legislation. Telecoms assert that major players like Google, Facebook, Netflix, Microsoft, and Amazon should assist with network rollout expenses. On the other hand, Big Tech calls it an "internet tax." The decision on legislation rests with the next European Commission after the upcoming elections. Italy advocates further assessment of network impact by the EU Commission. Read More..

B2B Tech News | 2 years ago          

Nobel Laureate and Turing Winners Push AI Safety Commitment

Prominent experts in artificial intelligence, comprising three Turing Award winners and a Nobel laureate, have recommended governments and AI corporat

Prominent experts in artificial intelligence, comprising three Turing Award winners and a Nobel laureate, have recommended governments and AI corporations to set aside a minimum of onethird of their money for research and development of AI systems to guarantee their safety and ethical application. The necessity for governments to impose legal responsibility for predictable harm brought about by sophisticated AI systems was underlined. The absence of comprehensive AI safety standards has drawn criticism, and the EUs first AI law is currently awaiting approval. The letter was signed by prominent figures such as Dawn Song, Yuval Noah Harari, Andrew Yao, Daniel Kahneman, and Geoffrey Hinton. Read More..

B2B Tech News | 2 years ago          

Nvidia Ventures into CPU Territory, Threatens Intels PC Dominance

Renowned for its artificial intelligence chips, Nvidia is discreetly developing central processing units CPUs that leverage technology from Arm Holdin

Renowned for its artificial intelligence chips, Nvidia is discreetly developing central processing units CPUs that leverage technology from Arm Holdings to challenge Intels dominant position in PCs. To compete with Apple, which has dramatically grown its market share using inhouse Armbased chips for Macs, Microsoft is helping chip vendors create Armbased processors for Windows PCs. Armbased PC chips are also planned by Advanced Micro Devices AMD. By 2025, Nvidia, AMD, and Qualcomm might release computer chips. Apples powerful custom CPUs may put pressure on Intel to relinquish its hegemony in the PC market, but the transfer may not be easy. Read More..

B2B Tech News | 2 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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