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SiMa.ai Secures $70 Million Funding Boost Led by Maverick Capital for NextGen AI Chips

An extra $70 million in investment led by Maverick Capital has been received by SiMa.ai, a pioneer in embedded edge machine learning systems, increasi

An extra $70 million in investment led by Maverick Capital has been received by SiMa.ai, a pioneer in embedded edge machine learning systems, increasing their total capital to $270 million. By Q1 2025, the development and delivery of their secondgeneration Machine Learning SystemonChip MLSoC will be supported by this financing. For all edge AI requirements, the new MLSoC will offer a softwarecentric platform that supports a range of modalities, from computer vision to generative AI. Partner innovations like Arm, Synopsys, and TSMC will improve efficiency and performance. SiMa.ai wants to meet the growing need for edge AI solutions and establish itself as a significant player in the quickly changing field of embedded edge computing. Read More..

B2B Tech News | 17 days ago          

Boeing Compensates Alaska Airlines $160 Million for 737 Max Grounding After Incident

Boeing paid Alaska Airlines $160 million in compensation during the first quarter for the 737 Max 9 aircraft grounding after Flight 1282 in January. F

Boeing paid Alaska Airlines $160 million in compensation during the first quarter for the 737 Max 9 aircraft grounding after Flight 1282 in January. Following an incident in which an Alaska Airlines Boeing 737 Max 9s door plug blew out, the Federal Aviation Administration grounded the aircraft. Alaska Airlines reported good demand in February and March, surpassing pregrounding projections, despite the immediate impact of the accident on demand. Boeings decision to compensate significant clients such as Alaska Airlines reflects the increased government investigation and production halt brought on by the event. Pilots at United Airlines were offered unpaid leave in May when the airline experienced delays in Boeing deliveries. U.S. airlines and Boeing are scheduled to release their firstquarter earnings. Read More..

B2B Tech News | 17 days ago          

L&T Stock Slips 1.09% Despite Capital Goods Index Gain Whats Behind the Lag?

Over the last month, Larsen & Toubro Ltd L&T has increased by 3.15%, trailing the 6.13% increase in the S&P BSE Capital Goods index and the 0.27% incr

Over the last month, Larsen & Toubro Ltd L&T has increased by 3.15%, trailing the 6.13% increase in the S&P BSE Capital Goods index and the 0.27% increase in the SENSEX. L&Ts shares fell 1.09% to Rs 3758.55 today, while the S&P BSE Capital Goods index saw a 0.24% decline to 62456.34. The S&P BSE Capital Goods index increased 76.1% in the past year, surpassing the benchmark SENSEXs 24.16% gain. With 1588 shares traded on the BSE instead of the typical 1.12 lakh shares, L&Ts stock traded below its average daily volume. After hitting a 52week low of Rs 2161.1 on April 5, 2023, the stock rose to a record high of Rs 3859.65 on April 2, 2024. Read More..

B2B Tech News | 17 days ago          

Cyber Safety Review Board Slams Microsoft Over State Department Email Breach

The Cyber Safety Review Boards report highlights the avoidable aspect of the breach. It censures Microsofts corporate culture for undervaluing enterpr

The Cyber Safety Review Boards report highlights the avoidable aspect of the breach. It censures Microsofts corporate culture for undervaluing enterprise security investments in the wake of the statelinked hack into Microsoft Exchange Online, which led to the theft of 60,000 emails from the U.S. State Department. The board suggests that all cloud service providers and government partners implement comparable securityfocused adjustments, and it calls on Microsoft to make plans for these reforms publicly available for all of its products. The attacks, linked to a threat actor with ties to China, highlight the need for security upgrades in Microsoft and the more significant cloud services industry. CEO of Tenable Amit Yoran urged industrywide cybersecurity measures and commended the reports thoroughness. Microsoft has come under fire for its reaction, even though it acknowledged that its security culture needed to alter significantly. Read More..

B2B Tech News | 17 days ago          

Samsung Unveils AIPowered Home Appliances for Smart Living at Mumbai Store

Samsung hopes to transform home management by unveiling AIenabled products at its BKC shop in Mumbai. These internetconnected smart appliances—which

Samsung hopes to transform home management by unveiling AIenabled products at its BKC shop in Mumbai. These internetconnected smart appliances—which include air conditioners, washing machines, refrigerators, microwaves, and webcams—have builtin WiFi, cameras, and Artificial Intelligence AI processors. The refrigerator can provide recipe recommendations using stored goods and identify up to 33 different types of food. Through the SmartThings app, the AIpowered air conditioner notifies users when appliances are close enough to start or stop. The microwave can automatically modify recipes to a "lowfat" version. The AI Wash function allows the washing machine to customise settings depending on load weight, fabric type, water level, and detergent level. The washing machine learns laundry routines over time and modifies wash cycles accordingly. Read More..

B2B Tech News | 17 days ago          

Hoya Corp Halts Production After System Breach, Investigates Potential Data Breach

A system malfunction likely resulting from illegal server access caused Hoya Corp to suspend manufacturing for several of its goods. Attempts were mad

A system malfunction likely resulting from illegal server access caused Hoya Corp to suspend manufacturing for several of its goods. Attempts were made to control the situation, but it was discovered in an overseas office. Hoya is working with authorities to restart production and looking into any data breaches quickly. The system malfunction has caused Hoya Vision Care Co., its consumer eyeglass lens division, to halt lens orders temporarily. Most of Hoyas sales, as the secondlargest manufacturer of eyeglass lenses worldwide, come from outside the country. Information on the effects on other goods, such as hard disc drives and parts for machinery used to make chips, still needs to be discovered. Read More..

B2B Tech News | 17 days ago          

Breaking Ground IBM and Microsoft Open Joint Experience Zone in Bangalore

The first collaborative project between IBM Consulting and Microsoft was unveiled at the IBMMicrosoft Experience Zone in Bangalore, India. Clients can

The first collaborative project between IBM Consulting and Microsoft was unveiled at the IBMMicrosoft Experience Zone in Bangalore, India. Clients can investigate Microsoft technologies, hybrid cloud, and generative AI for business change in this area. Customers work with IBM Consulting in various technological domains to jointly develop solutions that use Copilot and Azure OpenAI Service. The zone features industryspecific options for government, retail, and energy, along with solutions for cloud modernization, data analytics, CRM, IoT, and new tech like AR/VR. It promotes skills development, provides case studies, and eases peer relationships. Dinis Couto, General Manager of Global Partner Solutions for Microsoft, and Amit Sharma, Managing Partner at IBM Consulting, express delight about the partnership and emphasize their commitment to creating value through AI and hybrid cloud solutions. Read More..

B2B Tech News | 17 days ago          

Breaking Language Barriers Google Introduces Circle to Search with OntheFly Translation

To simplify search and eliminate language barriers, Google has added Circle to Search for the Pixel 6 family and Pixel 7a, along with an immediate tra

To simplify search and eliminate language barriers, Google has added Circle to Search for the Pixel 6 family and Pixel 7a, along with an immediate translation option. Thanks to the translation features seamless integration with Circle to Search, users can translate text instantly with only a tap. Uncertainty surrounds the distribution schedule, and early adopters could need the most recent Google app beta in addition to compatible smartphones like the Pixel 6 series, Samsungs Galaxy S24, and Z series. Furthermore, Google enhances search capabilities throughout its device portfolio by extending Circle to Search to Pixel Fold and hinting at its presence on Pixel Tablet. This invention represents a significant advancement in improving user search functionality and language accessibility. Read More..

B2B Tech News | 17 days 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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