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TECH NEWS

Samsung and India argue over $110 million in production incentives.

According to people familiar with the situation, the smartphone giants India arm is requesting slightly under 9 billion rupees $110 million in incenti

According to people familiar with the situation, the smartphone giants India arm is requesting slightly under 9 billion rupees $110 million in incentives for the fiscal year ending March 2021. However, the government is only willing to provide the South Korean corporation 1.65 billion rupees unless it can produce more information and documentation to back up its claim, according to the persons, who asked not to be identified because the case is private. The incentives are an important part of Prime Minister Narendra Modis drive to make India a powerhouse for electronics production. In 2020, the country announced $6.7 billion in productionlinked incentives PLIs, which provide cash to enterprises based on sales of locally manufactured cellphones. Read More..

B2B Tech News | 2 years ago          

Microsoft will incorporate ChatGPT into its Azure cloud offerings.

Microsoft announced that it will soon integrate OpenAIs popular chatbot ChatGPT into its cloudbased Azure service, strengthening the partnership betwe

Microsoft announced that it will soon integrate OpenAIs popular chatbot ChatGPT into its cloudbased Azure service, strengthening the partnership between the two businesses as Microsoft considers purchasing a significant share in OpenAI. The software behemoth announced the wide release of its Azure OpenAI Service, which has been been accessible to a select group of users since its 2021 introduction. According to a blog post by the firm, the service gives Microsofts cloud clients access to a number of OpenAI tools, including the DallE model for creating images from text prompts and the GPT3.5 language system, on which ChatGPT is based. People familiar with Microsofts plans claimed last week that the company is in talks to invest up to US$10 billion in OpenAI. Read More..

B2B Tech News | 2 years ago          

The Dutch tech sector calls on the EU to oppose China chip exports.

Dutch IT sector group FME on Tuesday asked for the European Commission to establish a stance on whether and how to restrict computer chip technology e

Dutch IT sector group FME on Tuesday asked for the European Commission to establish a stance on whether and how to restrict computer chip technology exports to China, saying more coordinated and robust action was needed from Europe. The request comes as Dutch Prime Minister Mark Rutte pays a visit to US Vice President Joe Biden in Washington. The presidents are scheduled to address US calls for the Netherlands to implement US measures enacted in October aimed at stifling Chinas chipmaking industry and slowing its technical and military advancements. It had 15% of its sales to China in 2021, or 2 billion euros $2.2 billion, at risk if the Netherlands adopted the new US restrictions. Read More..

B2B Tech News | 2 years ago          

The terrible impact load shedding has had on South Africas mobile networks.

Mobile service providers in South Africa are finding load shedding to be a very expensive issue as they struggle daily to keep their networks operatio

Mobile service providers in South Africa are finding load shedding to be a very expensive issue as they struggle daily to keep their networks operational amid prolonged power outages. TechCentral questioned the major providers of network infrastructure, including Vodacom, MTN, Telkom, and Rain, about the challenges they face in maintaining their networks during prolonged periods of load shedding as well as the rising number of theft and vandalism incidents that result from the mitigation measures they implement. All the organisations TechCentral spoke to claimed maintaining their networks at peak performance is a huge difficulty when Eskoms load shedding extends beyond stage 4. Read More..

B2B Tech News | 2 years ago          

According to a Tesla executive, the Autopilot video used phony technology.

According to allegations in the United States, Tesla created a film to showcase its Autopilot driving assistance technology. The electric vehicle manu

According to allegations in the United States, Tesla created a film to showcase its Autopilot driving assistance technology. The electric vehicle manufacturer is contesting a lawsuit stemming from a customers death in 2018. Tesla conducted their video presentation using advanced 3D mapping that was not available to the public. Tesla has been chastised by regulatory authorities for its promotion of Autopilot technology. Elluswamys alleged evidence came during the course of a lawsuit brought by the family of Walter Huang, a 38yearold Apple employee who died in 2018. Huang was distracted by a mobile phone game during his previous trip and did not touch the steering wheel for six seconds before accident. Read More..

B2B Tech News | 2 years ago          

Stable Diffusion and Midjourney, AI tools for creating images, are currently being sued by artists for copyright.

Stable Diffusion and Midjourney, the businesses who created AI image tools, have been sued for allegedly breaching the rights of millions of artists.

Stable Diffusion and Midjourney, the businesses who created AI image tools, have been sued for allegedly breaching the rights of millions of artists. Sarah Andersen, Kelly McKernan, and Karla Ortiz are the plaintiffs. In the lawsuit, DeviantArt is also mentioned. It just debuted DreamUp, a premium generative AI tool based on Stable Diffusion. The plaintiffs are asking for a jury trial and an unspecified amount of money in damages. A blog called Stable Diffusion attempts to explain how artificial intelligence AI tools produce visuals. Read More..

B2B Tech News | 2 years ago          

Due to technical difficulties, Apples project for AR glasses has been put on hold.

Apples first mixedreality headset will still be unveiled this year, but a followup product — lightweight augmentedreality glasses — has been delay

Apples first mixedreality headset will still be unveiled this year, but a followup product — lightweight augmentedreality glasses — has been delayed due to technical difficulties. The company had wanted to deliver the AR glasses following the release of its mixed reality headset, but that aspect of the plan has now been put on hold. According to reports, the company is working on a lowercost headgear rather than AR spectacles. Apple views lessbulky AR glasses as a device that might replace the iPhone by bringing the smartphones key functionalities into the wearers field of view. Read More..

B2B Tech News | 2 years ago          

Dubaibased BNPL firms $58 million round is supported by Sequoia India and PayPal Ventures.

Tabby, a purchase now, pay later company based in the UAE, has raised US$58 million in a series C round led by Sequoia Capital India, STV, and PayPal

Tabby, a purchase now, pay later company based in the UAE, has raised US$58 million in a series C round led by Sequoia Capital India, STV, and PayPal Ventures, among others. Tabby is now valued at over US$660 million, making it one of the top startups in the Middle East and North Africa area. Tabby, founded in 2019 by Hosam Arab and Daniil Barkalov, has over 3 million active members. Without going into numbers, Tabby stated that its revenue increased fivefold over the previous year. It works with over 10,000 global brands, including Shein, Ikea, H&M, and Bath & Body Works. 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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