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Trudeau Unveils C$2.4 Billion Package to Boost Canadas AI Sector

On Sunday, Canadian Prime Minister Justin Trudeau declared that the forthcoming budget will include a C$2.4 billion $1.77 billion package intended to

On Sunday, Canadian Prime Minister Justin Trudeau declared that the forthcoming budget will include a C$2.4 billion $1.77 billion package intended to support the nations artificial intelligence AI industry. The proposed initiatives include an expenditure of C$2 billion to build and enable access to computer resources and technical infrastructure for Canadian researchers, startups, and scaleups working in artificial intelligence. On April 16, the budget is expected to be unveiled. Read More..

B2B Tech News | 6 days ago          

Titans Q4 FY24 Report 17% YoY Revenue Growth, 86 New Stores Added

Titan announced a substantial 17% YoY increase in sales for the fourth quarter of FY24, along with the opening of 86 new locations to bring its total

Titan announced a substantial 17% YoY increase in sales for the fourth quarter of FY24, along with the opening of 86 new locations to bring its total number of outlets to 3,035 across the country. This rise was primarily driven by the jewellery category, with domestic operations rising 19% YoY thanks to doubledigit growth in buyers and samestore sales. Chicago, India, and Dubai are among the new locations where Tanishq has extended its reach. Additionally, the wearables and watches category grew by 7% YoY, with wearables accounting for 2% of sales and analogue watches for 7%. With ten new domestic stores and a 30% YoY growth in the studded category, Caratlanes business developed remarkably, achieving a network presence of 272 locations. Read More..

B2B Tech News | 6 days ago          

IMF Assessing Severe Drought Impact in Africa, Explores Support Measures

The International Monetary Fund IMF is now evaluating how a severe drought affects Africa and looking at methods to assist the impacted countries. Dir

The International Monetary Fund IMF is now evaluating how a severe drought affects Africa and looking at methods to assist the impacted countries. Director of Communications for the IMF Julie Kozack observed that climate shocks occur more often worldwide, with Africa being especially vulnerable. Over 29 million people in East Africa are affected by the worst drought in four decades, which is causing starvation, disease outbreaks like cholera, and displacement. 1.4 million people are internally displaced in Somalia alone, and the droughts catastrophic consequences on the countrys food and energy supplies prompted Zambia to declare a national emergency. Due to low rainfall, drought exacerbates water shortages, making the problems faced by impacted areas even more severe. Read More..

B2B Tech News | 6 days ago          

Chinas Central Bank Unveils $70 Billion ReLending Initiative for Technology Sector

In a statement issued on Sunday, Chinas central bank announced the launch of a 500 billion yuan $70 billion relending programme designed to support th

In a statement issued on Sunday, Chinas central bank announced the launch of a 500 billion yuan $70 billion relending programme designed to support the nations research and technology sectors. The programme will provide small and midsize technology companies with loans at a lowinterest rate of 1.75% through 21 institutions. To provide borrowers flexibility, these oneyear loans will have the option of two extensions, each lasting up to a year. Chinese officials are attempting to improve liquidity and restore confidence in the secondlargest economy in the world against obstacles such as a real estate crisis and trade conflicts with essential allies. Read More..

B2B Tech News | 6 days ago          

Meta Introduces Made with AI Labels Policy Changes Aimed at Combatting Misinformation

Ahead of the 2018 U.S. elections, Meta, the parent company of Facebook and Instagram, made substantial policy modifications involving digitally genera

Ahead of the 2018 U.S. elections, Meta, the parent company of Facebook and Instagram, made substantial policy modifications involving digitally generated and changed media. Meta will broaden its previous policy, confined to a subset of doctored media, and start introducing "Made with AI" labels for AIgenerated videos, photos, and audio starting in May. Furthermore, Meta plans to provide distinct and easily noticeable labelling for digitally modified content that is judged to have a significant chance of misleading the general audience. This change indicates a trend away from just eliminating material and towards informing viewers about the process of creating it. These reforms have raised concerns about how emerging generative AI technologies can affect political campaigns and disinformation. Read More..

B2B Tech News | 6 days ago          

Photobucket Aims for Comeback CEO Ted Leonard Looks to Revitalize Platform with AI Training Data

Once a top imagehosting website, Photobucket now only has 2 million users. However, Ted Leonard, the CEO, wants to bring the platform back to life by

Once a top imagehosting website, Photobucket now only has 2 million users. However, Ted Leonard, the CEO, wants to bring the platform back to life by allowing generative AI training to use its enormous database of 13 billion images and videos. Through negotiations, IT companies have revealed a billiondollar potential market. While big businesses like Google and Meta used to utilise openly scraped data, they are now looking for licenced material. Securing rights to realworld content is an emerging sector of AI data startups such as Defined.ai, with charges that vary depending on the type of content. However, ethical and privacy concerns persist since AI systems could unintentionally include personal data without express approval. Read More..

B2B Tech News | 6 days ago          

CoralRaider Vietnamese Hackers Target Asia with RotBot Remote Access Tool, Says Cisco Talos

Cisco Talos has identified the Vietnamese hackers as CoralRaider, and they are running a broad campaign throughout Asia, including South Korea, China,

Cisco Talos has identified the Vietnamese hackers as CoralRaider, and they are running a broad campaign throughout Asia, including South Korea, China, India, and other countries. They want to obtain financial information and business credentials using RotBot, a specialised remote access tool. Talos claims that the organisation is from Vietnam because of the Vietnamese language used in their malware and communication channels. A malicious Windows shortcut that starts an infection chain is the first step in the assault. RotBot downloads and runs malware by running PowerShell scripts under the pretence of an HTML application. The XClient info stealer collects information from social media sites and other web browsers, concentrating on payment methods, permissions, business and advertising accounts, and other details. Read More..

B2B Tech News | 6 days ago          

Mphasis and AWS Join Forces to Launch Gen AI Foundry, Accelerating AI Adoption in Financial Services

A multiyear worldwide Strategic Collaboration Agreement SCA has been signed by Mphasis and Amazon Web Services AWS to introduce the Gen AI Foundry, wh

A multiyear worldwide Strategic Collaboration Agreement SCA has been signed by Mphasis and Amazon Web Services AWS to introduce the Gen AI Foundry, which Mphasis. AI will head. This division primarily concentrates on the financial services industry and specializes in AI solutions, consultancy, and business transformation. By utilizing generative AI for solutions like Intelligent Document Processing IDP and contact centre transformation, the partnership seeks to expedite the adoption and modernization of AI. Viewed as a significant step towards providing sophisticated cloud and cognitive services driven by AWSs generative AI and data services, Mphasis CEO Nitin Rakesh sees the relationship. Targeting Fortune 100 banks, brokerage houses, and insurance companies, the project aligns with Mphasis goal to establish itself as a reliable provider of financial services. Alight and Mphasis will also work together to develop an intelligent data processing platform. Read More..

B2B Tech News | 14 days 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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