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Pegasystems to Integrate AWS and Google Clouds LLMs into Pega GenAI Platform

To give customers access to generative AI within the Pega Platform, Pegasystems is extending its Pega GenAI capabilities to interact with Large Langua

To give customers access to generative AI within the Pega Platform, Pegasystems is extending its Pega GenAI capabilities to interact with Large Language Models LLMs offered by Google Cloud and Amazon Web Services AWS. This integration, anticipated in the second half of 2024, will enable Claude from Anthropic, AWS Amazon Bedrock and Amazon Titan AI models, and Google Cloud Vertex AI and Google Gemini. With this improvement, we want to offer strong security, privacy, and ethical AI practices. Lowcode developers can easily integrate generative AI into processes using Pega Connect GenAI, increasing organisational productivity and decisionmaking. Pega Cloud users can utilise Pega GenAIs unified governance and auditability for all AI applications. Read More..

B2B Tech News | 1 months ago          

Mastercard Center and data.org Launch AI2AI Challenge for Inclusive Growth

The Mastercard Center for Inclusive Growth and data.org has launched the Artificial Intelligence to Accelerate Inclusion Challenge AI2AI, which promot

The Mastercard Center for Inclusive Growth and data.org has launched the Artificial Intelligence to Accelerate Inclusion Challenge AI2AI, which promotes AI solutions that foster inclusive growth and economic empowerment. The challenge invites organizations with proven AI solutions to scale their impact with additional funding and technical support. Shamina Singh, president of the Mastercard Center for Inclusive Growth, emphasized the importance of leveraging data for social impact. At the same time, Danil Mikhailov of data.org highlighted the urgency of collaborative efforts in AI. Applicants can apply by July 18, 2024, with winners announced in early 2025. Awardees will receive grants, technical expertise, and access to Mastercard’s resources. This initiative was announced at the Global Inclusive Growth Summit and launched at the Accelerate Data for Social Impact Conference. Read More..

B2B Tech News | 1 months ago          

Egypts Central Bank Stabilizes Interest Rates at 27.75% Following Consecutive Hikes

After two consecutive raises of 800 basis points, Egypts Central Bank stabilised interest rates in 2024 for the first time, with rates currently stand

After two consecutive raises of 800 basis points, Egypts Central Bank stabilised interest rates in 2024 for the first time, with rates currently standing at 27.75%. In May, inflation dropped from 32.5% in April to 28.1% due to the governments decision to liberalise the exchange rate of the Egyptian pound in May. The Central Banks monetary tightening strategy, which has reduced inflation and stabilised currency rates, is credited for this stability. As inflationary pressures lessen, forecasts call for additional inflation reduction through 2024, with a notable fall expected in the first half of 2025. This success has been aided by recent policies that target excess liquidity and the parallel currency market, offsetting the significant inflation of the previous year brought on by the fast expansion of the money supply. Read More..

B2B Tech News | 1 months ago          

AfDB Annual Meetings in Nairobi Focus on Financial System Reforms and Climate Challenges

The African Development Bank AfDB held annual Nairobi meetings addressing climate concerns and global financial system changes. AfDB has to raise capi

The African Development Bank AfDB held annual Nairobi meetings addressing climate concerns and global financial system changes. AfDB has to raise capital to $318 billion to keep its tripleA rating, which is required to enter lowrate markets. Kenyan President William Ruto promoted the inclusion of land, mining, and renewable energy sources in the GDP of African governments. Inclusive green growth, resilient economies, energy access, and agricultural transformation are the main priorities of the AfDBs strategy. The AfDB prioritises cooperation and creative financing methods to treble private sector financing by 2033. It also advocates for establishing an African rating organisation to overcome unjust international ratings. AfDB highlights Africas potential despite obstacles during its 60th anniversary celebrations. Read More..

B2B Tech News | 1 months ago          

Bitcoin Volatility Persists, Dips Below $71,000 Amid Strong Jobs Report

Bitcoin had significant volatility over the weekend, falling below $71,000 in response to a strong May employment report that surprisingly added 272,0

Bitcoin had significant volatility over the weekend, falling below $71,000 in response to a strong May employment report that surprisingly added 272,000 jobs and raised hopes for possible interest rate reductions in September. Despite the decline, Bitcoin is still above $69,000, indicating a cautious attitude among investors. The upbeat jobs news also caused a selloff in the larger cryptocurrency market, with meme currencies like GME suffering significant losses. The activity in the derivatives market increased, and at the same time, as inflows into spot Bitcoin ETFs persisted, positions in Bitcoin futures reached a record high of $37.7 billion. If Bitcoin breaks over $72,000 and completes an inverted headandshoulders pattern, analysts predict it might go for $83,000. Read More..

B2B Tech News | 1 months ago          

Tesla Courts Retail Investors Amidst Controversy Over Elon Musks Pay Package

Tesla is looking to its retail investors, who make up a sizable chunk of its ownership base, for support as its $56 billion compensation plan for Elon

Tesla is looking to its retail investors, who make up a sizable chunk of its ownership base, for support as its $56 billion compensation plan for Elon Musk has caused debate among large shareholders. Even while small investors prefer to support management, Tesla faces difficulties because of their propensity to abstain from voting, mainly when the next annual meeting turns into a vote on Musks leadership. Retail investors are aggressively courted through outreach activities despite conflicting signals from large investors like T. Rowe Price and CalPERS. Musk has reported significant support for the compensation settlement. The success of these initiatives still needs to be determined since influential proxy advisers warn against ratifying the package. Read More..

B2B Tech News | 1 months ago          

Cognizant Technologies Acquires Belcan in $1.3 Billion Deal

Cognizant Technologies said it acquired digital engineering firm Belcan for around $1.3 billion in cash and shares to strengthen its position in the a

Cognizant Technologies said it acquired digital engineering firm Belcan for around $1.3 billion in cash and shares to strengthen its position in the aerospace, defence, space, and automotive industries. Owned by the private equity group AE Industrial Partners, Belcan is a Cincinnatibased company with 10,000 employees spread over 60 facilities worldwide, catering to clients including NASA, General Motors, and Boeing. Cognizant CEO Ravi Kumar emphasised Belcans connection with the rapidly expanding aerospace and defence industry. Also, he saw potential synergies between Cognizants industrial manufacturing and automotive competencies and Belcans technical experience. If client expenditure slows as anticipated, the transaction will allow Belcan to function as a single entity under the direction of Cognizant and strengthen the companys specialisation plan. Read More..

B2B Tech News | 1 months ago          

Microsoft Faces Backlash Over Windows Recall Security Flaws Prompt Swift Response

When Microsoft unveiled the Windows 11powered Copilot+ PCs, it created a sensation when they revealed the Windows Recall function, which takes screens

When Microsoft unveiled the Windows 11powered Copilot+ PCs, it created a sensation when they revealed the Windows Recall function, which takes screenshots every few seconds. Security experts immediately criticised its possible security vulnerabilities, such as unencrypted user databases susceptible to malware exfiltration and default activation. Microsoft responded to the controversy by encrypting the search index database. It made Recall optional before the features June 18 rollout. Users now have control over stored snapshots and may choose what private browsing material to see by requiring Windows Hello authentication to get entry. While these enhancements allay worries, Microsofts security and governance failings continue to draw criticism, necessitating an assessment of the modifications effectiveness and a pledge to get user agreement before implementing them again. Read More..

B2B Tech News | 1 months ago          



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