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Amazons $4 Billion Bet on AI Partners with Anthropic to Fuel NextGen Generative AI

Amazon has announced a significant investment of up to $4 billion in the artificial intelligence AI startup Anthropic. This investment grants Amazon a

Amazon has announced a significant investment of up to $4 billion in the artificial intelligence AI startup Anthropic. This investment grants Amazon a minority ownership stake in Anthropic, as the competition intensifies in the rapidly expanding generative AI market, led by OpenAIs ChatGPT. Anthropic will leverage Amazon Web Services AWS Trainium and Inferentia chips to develop, train, and deploy its foundational AI models, benefiting from AWSs costeffectiveness, performance, scalability, and security. The collaboration extends to the advancement of Trainium and Inferentia technology. AWS will become Anthropics primary cloud provider, particularly for safety research and future model development. Amazon developers will integrate Anthropics AI models via Amazon Bedrock to enhance applications and create new customer experiences. Read More..

B2B Tech News | 1 years ago          

Swiss Startup truvami Revolutionizes Asset Tracking with Compact IoT Solution

truvami, an IoT startup hailing from Zurich, Switzerland, specializes in developing compact endtoend tracking solutions that enhance workplace safety

truvami, an IoT startup hailing from Zurich, Switzerland, specializes in developing compact endtoend tracking solutions that enhance workplace safety and safeguard valuable assets for businesses. Their most recent product, introduced by truvami GmbH, provides versatile tracking capabilities suitable for B2B applications. It utilizes the Swisscom LoRaWAN network, cloudbased applications, and Miromicos innovative electronics design. These petite trackers seamlessly operate both indoors and outdoors, incorporating cuttingedge technologies from IoT, wireless communication, and cloud networking. The birth of truvami resulted from a collaborative effort between Swisscom Broadcast AG and Miromico AG, with the goal of creating a unique, smallformfactor tracking solution capable of locating assets, personnel, and animals in various environments. Read More..

B2B Tech News | 1 years ago          

Micron Technology Breaks Ground on $2.75 Billion Semiconductor Plant in Gujarat

USbased Micron Technology has commenced construction on its $2.75 billion semiconductor testing and assembly facility in Sanand, Gujarat. The plant, s

USbased Micron Technology has commenced construction on its $2.75 billion semiconductor testing and assembly facility in Sanand, Gujarat. The plant, spanning 500,000 square feet, is the largest investment under Indias Semiconductor Mission ISM. Micron is contributing $825 million, with the remainder covered by subsidies. The facility is expected to be operational by late 2024 and was the first project approved under Indias semiconductor mission. Micron is also considering establishing multiple chip fabrication factories in India. The project aims to create up to 5,000 direct jobs and 15,000 community jobs. Read More..

B2B Tech News | 1 years ago          

Silent Eights AI Helping Banks Combat Financial Crimes

Martin Markiewicz, the CEO of Silent Eight, uses artificial intelligence AI to help financial institutions fight financial crimes like money launderin

Martin Markiewicz, the CEO of Silent Eight, uses artificial intelligence AI to help financial institutions fight financial crimes like money laundering and financing terrorism. The business trains its AI model on specific tasks, such as translating names between languages, and it actively assists in detecting discrepancies in client data. Significant banks like Standard Chartered and HSBC use Silent Eights software. Compared to engaging human investigators, the AIbased solution is substantially less expensive. The revenue of Silent Eight is anticipated to quadruple this year, the films first year of profitability. By the end of 2025, the company intends to list on the Nasdaq. Still, it emphasises preparation more than a specific date to present financial information, like a public company. Read More..

B2B Tech News | 1 years ago          

Russian Intelligence Agencies Escalate Attacks on Ukraine

Russian hackers are increasingly targeting Ukrainian law enforcement organisations to gather information about suspected Russian war crimes. Intellige

Russian hackers are increasingly targeting Ukrainian law enforcement organisations to gather information about suspected Russian war crimes. Intelligence organisations like the GRU and FSB coordinate these attacks. The focus has shifted from energy facilities to law enforcement organisations to obtain information on Russian activities in Ukraine and possibly sabotage investigations. Yurii Shchyhol, head of Ukraines cyber defence, said a report on espionage would be forthcoming. The hackers also seek information on Russian nationals detained in Ukraine to avoid prosecution. Compared to the second half of 2022, cybersecurity incidents in Ukraine increased by 123% in the first half of 2023. Read More..

B2B Tech News | 1 years ago          

U.S. Health Sector Faces Growing Cyber Threats from China and North Korea

The Department of Health and Human Services Health Sector Cybersecurity Coordination Centre warns that Chinese and North Korean cybercriminal organisa

The Department of Health and Human Services Health Sector Cybersecurity Coordination Centre warns that Chinese and North Korean cybercriminal organisations, including APT41, APT43, and Lazarus Group, pose severe threats to the American healthcare and public health sectors. These statesponsored organisations engage in operations like data exfiltration, espionage, and intellectual property theft with the sophistication and financial support of a state. China, regarded as Asias most formidable cyberpower, relies on data exfiltration to aid economic growth. The healthcare industry is seriously concerned about the cryptocurrency laundering and cyberespionage activities carried out by North Korean organisations like APT43 and Lazarus Group. The paper makes suggestions for enhancing defence against these risks, such as auditing user accounts and implementing network segmentation. Read More..

B2B Tech News | 1 years ago          

LG Chems Move Aligns with Chinese EV and Battery Companies Global Expansion

To diversify its business, LG Chem of South Korea is collaborating with Youshan, a subsidiary of the Huayou Group of China, to build an electric vehic

To diversify its business, LG Chem of South Korea is collaborating with Youshan, a subsidiary of the Huayou Group of China, to build an electric vehicle EV battery material production there. The action supports the international expansion aspirations of Chinese battery and EV companies. For 500,000 entrylevel EVs, the Morocco factory, scheduled to begin production in 2026, will produce 50,000 tonnes of lithiumphosphateiron LFP cathode materials annually. To address the demand for reasonably priced EVs, LG Chem, known for its nickelcobaltmanganese cathodes, is entering the LFP cathode industry. Moroccan LFP cathodes may be eligible for American subsidies, supporting the objectives of the U.S. Inflation Reduction Act. Read More..

B2B Tech News | 1 years ago          

Brand new Global Innovation Center in Singapore for Volvo

The new Tech Hub is going to be a pivotal hub for data and analytics, software, and advanced manufacturing development so it can facilitate Volvo’s

The new Tech Hub is going to be a pivotal hub for data and analytics, software, and advanced manufacturing development so it can facilitate Volvo’s aspiration to be a fully electric car maker by 2030. The Innovation center is going to focus on global tech hub synergies. The companies’ other tech hubs will work together to increase their expanse of knowledge about key technology areas as well as to attract technological talent globally. The Singaporean hub will act as the headliner for the growth of their innovations and is established by the Singapore Economic Development Board. The head of the Innovation center is Yvonne Tan who has 8 years of experience as senior engineering manager at Dyson Operations Pte. Ltd. Currently Volvo has tech hubs in Stockholm and Lund in Sweden, in Krakow in Poland and Bangalore in India. Read More..

B2B Tech News | 1 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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