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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          

Alert!!! Cisco ZeroDay Vulnerability Threatens Network Security

Cisco has released a warning regarding a zeroday vulnerability in IOS XE that was recently found and is being used by an unidentified threat actor. Th

Cisco has released a warning regarding a zeroday vulnerability in IOS XE that was recently found and is being used by an unidentified threat actor. The web UI features privilege escalation problem is connected to this vulnerability. After gaining access using CVE202320198 CVE number is the vulnerability number associated with publicly disclosed information security issues, the attacker uses CVE202320273 to elevate privileges and insert malicious code. Users are recommended to turn off the HTTP server feature in the interim. There have been reports of over 36,000 hacked Cisco equipment. Attackers may be able to take over compromised systems through these vulnerabilities, enabling them to monitor network traffic, obtain remote access, and more. Read More..

B2B Tech News | 2 years ago          

Russian Ecommerce Giant Ozon Bids Farewell to Nasdaq

After nearly three years of cooperation with the American exchange, Russian ecommerce company Ozon has decided to delist its American depositary share

After nearly three years of cooperation with the American exchange, Russian ecommerce company Ozon has decided to delist its American depositary shares ADSs. It has notified Nasdaq of its decision. Ozon, a leading participant in the Russian ecommerce market, raised over $1 billion in its initial public offering IPO in late 2020, sparking a brief IPO frenzy among Russian enterprises. However, after Russia entered Ukraine in February 2022, trading Ozons securities on Nasdaq was suspended. Ozon is voluntarily delisting despite two unsuccessful appeals because there are no plans to resume trade on Nasdaq. The goal of this action is to lower compliance expenses. The delisting wont impact Ozons activities, and it recently started trading on the Astana International Exchange in Kazakhstan to increase liquidity, particularly for foreign investors. Read More..

B2B Tech News | 2 years ago          

Weibo CEO Wang Gaofei Puts an End to Online Anonymity

Wang Gaofei, the CEO of Weibo in China, has declared that a policy that will reduce anonymity for online commentators in the political and financial d

Wang Gaofei, the CEO of Weibo in China, has declared that a policy that will reduce anonymity for online commentators in the political and financial domains will soon be implemented. The decision was made during Chinas growing internet control and government surveillance. Still trying to figure out where these instructions originated, but prominent Weibo users have stated that users with one million or more followers may be impacted. Wang, who has 957,000 followers, is willingly testing the rules on his account first. He said people who have 500,000 or more followers may eventually be included. To get around the policy, users can remove followers. Chinas internet censorship body has started taking severe measures against prominent bloggers and independent media organisations. Read More..

B2B Tech News | 2 years ago          

Hackers Infiltrate Okta Support System, Tumbling the Shares by 12%

Following the disclosure of a security compromise in its customer assistance system on Friday, Oktas shares fell by 12%. Hackers could access files up

Following the disclosure of a security compromise in its customer assistance system on Friday, Oktas shares fell by 12%. Hackers could access files uploaded by particular clients thanks to the breach. According to Chief Security Officer David Bradbury, the compromise used credentials that had been stolen to gain access to Oktas support case management system. It was unclear which customers were impacted or what kind of data was exposed. Okta clarified that the operational service, which was not impacted, is not the same as the support system. The San Franciscobased company serves Microsoftbacked OpenAI and other clients by offering identity services, including multifactor authentication and single signon. Oktas stock ended the day down 11.6% at $75.57. Read More..

B2B Tech News | 2 years ago          

US House Panel Urges Swift Action on National AI Privacy Law

Members of a House subcommittee stress that creating a national privacy law should be the first step in the legislative regulation of artificial intel

Members of a House subcommittee stress that creating a national privacy law should be the first step in the legislative regulation of artificial intelligence AI. Anxieties surround Chinas potential to influence international AI usage and data collecting standards. For more than 20 years, the US Congress has debated a national privacy law, but agreement still needs to be reached. Since OpenAIs ChatGPT made its public debut, tech giants have been integrating generative AI rapidly, which has increased the urgent need for data governance. Representatives emphasise the significance of spearheading AI development and protecting information to stop discrimination and misuse, highlighting the necessity of national data protection rules. 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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