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Germany Poised to Approve EUs AI Act Following Compromise

According to Volker Wissing, Germanys Digital Minister, a compromise has been found, and the country will accept the European Unions AI Act. To provid

According to Volker Wissing, Germanys Digital Minister, a compromise has been found, and the country will accept the European Unions AI Act. To provide a legal framework for the advancement of AI, the EU had already secured a tentative agreement on AI regulations in December. This compromise, which avoids unreasonable requirements and focuses on building reliable AI while improving for small and mediumsized firms, is deemed acceptable. Since AI is so important to many industries, the move is necessary for maintaining future competitiveness. Read More..

B2B Tech News | 22 days ago          

Italy Launches Enrico Mattei Plan with €5.5 Billion Investment in Africa

Giorgia Meloni, the prime minister of Italy, introduced the Enrico Mattei plan, an African development project designed to tackle migratory concerns,

Giorgia Meloni, the prime minister of Italy, introduced the Enrico Mattei plan, an African development project designed to tackle migratory concerns, at the opening of the ItalyAfrica summit. Italy intends to provide an initial €5.5 billion $5.95 billion for the initiative, with agriculture, energy, healthcare, and education projects to be carried out in partnership with African countries. With the EUs prohibition on Russian energy supply, the Mattei plan seeks to establish Italy as a significant European energy centre. The project addresses the underlying reasons for migration and emphasises how continents are interrelated, promoting an equitable partnership with Africa. Read More..

B2B Tech News | 26 days ago          

Teradyne Relocates $1 Billion Manufacturing Out of China Over U.S. Export Rules

Teradyne, a provider of semiconductor testing equipment, has shifted production worth around $1 billion out of China due to export laws from the Unite

Teradyne, a provider of semiconductor testing equipment, has shifted production worth around $1 billion out of China due to export laws from the United States. In response to U.S. regulations implemented in October 2022 that limited exports to semiconductor manufacturing facilities in China, the business moved production from a plant in Suzhou, which served as its primary manufacturing location for semiconductor test equipment. Teradyne experienced problems with its supply chain since some of its approved vendors would not ship to the firm. The action is part of a more significant push by American businesses to depend less on China in the face of regulatory constraints and geopolitical unrest. Read More..

B2B Tech News | 26 days ago          

Amazon and iRobot Scrap $1.4 Billion Merger Plans Amid Regulatory Opposition

Because US and EU antitrust authorities are against the proposed $1.4 billion merger, Amazon and iRobot have decided to scrap their plans. iRobot reve

Because US and EU antitrust authorities are against the proposed $1.4 billion merger, Amazon and iRobot have decided to scrap their plans. iRobot revealed a significant reorganisation plan that included Colin Angle, the companys creator, resigning as CEO and eliminating 350 positions, or around 31% of the staff. According to Amazon, there was no way for the proposed purchase to receive regulatory approval in the EU. The head of EU antitrust cited worries that the purchase would give Amazon the power to limit access to Amazon stores, forcing out iRobots competitors. Before the corporations announced their withdrawal, it was purported that the Federal Trade Commission FTC was prepared to reject the agreement. Read More..

B2B Tech News | 26 days ago          

Japanese Ministry of Industry Invests in Chip Development with $307 Million Subsidies

Japans industry ministry plans to donate around 45.2 billion yen $307 million in subsidies to encourage the advancement of optical technologies for ch

Japans industry ministry plans to donate around 45.2 billion yen $307 million in subsidies to encourage the advancement of optical technologies for chips to strengthen the nations semiconductor sector. The following businesses are involved in the initiative SK Hynix, NEC, Kioxia, Furukawa Electric, Shinko Electric, and Intel. The semiconductor industry wants to use optical technologies to lower power consumption and increase signal transmission speed. Amidst growing competition in sophisticated technologies, especially from China, Japan seeks to fortify its position in the chip industry and forge alliances with allies. Read More..

B2B Tech News | 26 days ago          

Saudi Railway Company Teams Up with "Sirar by STC" for Cybersecurity Boost

The Saudi Railway Company SAR and "Sirar by STC" have teamed up to improve the essential cybersecurity of the transit network. The partnership seeks t

The Saudi Railway Company SAR and "Sirar by STC" have teamed up to improve the essential cybersecurity of the transit network. The partnership seeks to offer cuttingedge cybersecurity solutions to protect Saudi Arabias vast railway network, enhancing traveller and freight security throughout the kingdom. Concerns about the cybersecurity of rail transport networks, regarded as essential national infrastructure, are rising, which is why the collaboration was formed. The issue for rail networks is integrating new advances with old technology, making the network more vulnerable to assault. This agreement will improve the cybersecurity posture of SARs railway network, and these concerns will be addressed. Read More..

B2B Tech News | 26 days ago          

Volkswagen to Integrate OpenAIs ChatGPT for Enhanced InCar Voice Assistant

Volkswagen intends to use ChatGPT from OpenAI into its cars in the second quarter of 2024. The chatbot will allow for more realistic conversation betw

Volkswagen intends to use ChatGPT from OpenAI into its cars in the second quarter of 2024. The chatbot will allow for more realistic conversation between the driver and the vehicle by improving IDA, VWs incar voice assistant. First accessible in Europe, the function could eventually reach the US. VW wants to provide conversational, handsfree interactions for controlling the temperature and responding to general inquiries. A thirdparty solution called Cerence Chat Pro software makes the integration easier. VWs action aligns with the trend of automakers equipping their cars with massive language models and generative AI. Read More..

B2B Tech News | 26 days ago          

OpenAIs ChatGPT Faces Data Privacy Violation Allegations in Italy

OpenAI has been notified by Garante, Italys data protection regulator, that ChatGPT, their AI chatbot application, violates data protection regulation

OpenAI has been notified by Garante, Italys data protection regulator, that ChatGPT, their AI chatbot application, violates data protection regulations. Due to suspected infringement of EU privacy rules, Garante launched an inquiry last year and temporarily suspended ChatGPT. Even though OpenAI resolved some flaws, and the service was restarted, Garante has recently determined that aspects suggest possible data privacy violations. Microsoftsupported OpenAI has 30 days to make its defence case. The inquiry will consider the conclusions of a European task group comprising state privacy watchdogs. The first nation in Western Europe to outlaw ChatGPT was Italy. Read More..

B2B Tech News | 26 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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