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Meta Ramps Up AI Push with 350,000 Nvidia GPUs

CEO of Meta, Mark Zuckerberg, declared that the firm is stepping up its AI efforts and that by years end, it would have around 350,000 H100 GPUs Graph

CEO of Meta, Mark Zuckerberg, declared that the firm is stepping up its AI efforts and that by years end, it would have around 350,000 H100 GPUs Graphics Processing Units from Nvidia. With the addition of comparable chips from other vendors, Meta hopes to have around 600,000 GPUs in total, ranking its system among the biggest in the IT sector. This action is a part of Metas endeavour to connect with the vision of the AR/VRdriven metaverse and include generative AI into its products. After years of spearheading AI research through its FAIR team, the corporation has been attempting to catch up, with minimal success, in integrating the technology into its primary products. Read More..

B2B Tech News | 27 days ago          

Kenya to Exit GovernmenttoGovernment G2G Oil Supply Deal

The GovernmenttoGovernment G2G oil supply agreement between the Kenyan government and its three national oil exporters from the Gulf is scheduled to e

The GovernmenttoGovernment G2G oil supply agreement between the Kenyan government and its three national oil exporters from the Gulf is scheduled to expire in April 2023. The goal of the G2G agreement was to maintain the value of the Kenyan Shilling relative to other currencies. But according to an International Monetary Fund IMF assessment, the plan has yet to produce the expected outcomes. The government intends to end the oil import agreement because of increasing rollover risk for financing facilities in the private sector, inefficiencies in the foreign exchange market, and a dedication to private market solutions in the energy sector. The ninemonth agreement was first extended until December 2024, when it was withdrawn. The Kenyan Shilling lost more than 20% of its value relative to the US dollar, notwithstanding the plan Read More..

B2B Tech News | 1 months ago          

South Koreas FSC Vows to Boost InvestorFriendly Environment for Foreigners

According to Kim Soyoung, the deputy chairman of the Financial Services Commission FSC, South Koreas financial regulator, the organisation wants to im

According to Kim Soyoung, the deputy chairman of the Financial Services Commission FSC, South Koreas financial regulator, the organisation wants to improve the countrys financial markets allure to international investors and investorfriendly atmosphere. This pledge was made during a meeting in Seoul with representatives of foreign financial firms. This action comes after short selling was outlawed in November 2023. Kim underlined the initiatives taken by the government to internationalise the financial sector and foster an atmosphere welcoming to foreign financial enterprises. To improve foreign access to the market, regulatory reforms were put in place, such as removing a 30yearold restriction requiring foreigners to register to trade listed equities. Read More..

B2B Tech News | 1 months ago          

French Group FDJ Makes $2.5 Billion Cash Offer for Kindred Group

Kindred Group, an online gaming company, has officially announced that French group La Française des Jeux FDJ has made a cash buyout offer. FDJ will

Kindred Group, an online gaming company, has officially announced that French group La Française des Jeux FDJ has made a cash buyout offer. FDJ will purchase all of Kindreds outstanding share capital as part of the deal, which is expected to be revealed on Monday. Reports indicate that the bid is valued at about $2.5 billion. Kindred Group offers over 30 million consumers online gaming services under nine different brands in Europe, North America, and Australia. The purchase offer comes after FDJs November 2023 completion of its purchase of Premier Lotteries Ireland. Read More..

B2B Tech News | 1 months ago          

Terraform Labs, Creator of TerraUSD, Files for Chapter 11 Bankruptcy

The firm that created the stablecoin TerraUSD, Terraform Labs, has declared Chapter 11 bankruptcy in the US. The corporation, domiciled in Singapore,

The firm that created the stablecoin TerraUSD, Terraform Labs, has declared Chapter 11 bankruptcy in the US. The corporation, domiciled in Singapore, reported having assets and liabilities between $100 and $500 million. Throughout the Chapter 11 litigation, Terraform Labs intends to pay all its debts to suppliers and staff without more funding. The petition attempts to allow the firm to carry out its business strategy while managing existing legal actions, such as a Securities and Exchange Commission SEC lawsuit in the United States and representative litigation now pending in Singapore. The SECs lawsuit in civil court against Do Kwon, a cofounder of Terraform, is related to the demise of TerraUSD. Read More..

B2B Tech News | 1 months ago          

VF Corp Confirms Cyber Incident Impacting 35.5 Million Consumers Data

Vans parent company, VF Corp, disclosed that around 35.5 million customers personal data was compromised during a cyberattack in December. The unlawfu

Vans parent company, VF Corp, disclosed that around 35.5 million customers personal data was compromised during a cyberattack in December. The unlawful behaviour was discovered on December 13, resulting in delays in order fulfilment and disruptions in worldwide consumer orders on its ecommerce site. VF Corp did, however, say that it does not believe the event would have a significant financial impact. The business made it clear that its IT systems do not retain some types of sensitive data, like social security numbers, bank account information, or payment card information. Currently, there is no proof that customer credentials were stolen. VF Corp has addressed minor operational concerns and restored the affected IT systems and data. Read More..

B2B Tech News | 1 months ago          

Googles DeepMind Alumni in Talks to Launch AI Startup "Holistic" in Paris

According to reports, Laurent Sifre and Karl Tuyls, two scientists at Googles artificial intelligence subsidiary DeepMind, are negotiating with invest

According to reports, Laurent Sifre and Karl Tuyls, two scientists at Googles artificial intelligence subsidiary DeepMind, are negotiating with investors to launch an AI firm in Paris. The company, which is reportedly investigating a funding round that might reach more than €200 million $217.84 million, is known by its provisional moniker, Holistic. Although the companys actual emphasis is unknown, rumours indicate it may be on developing a new AI model. After being bought by Google over ten years ago, DeepMind has become a significant force in AI research, and it is not unusual for its former staff members to launch their firms. Read More..

B2B Tech News | 1 months ago          

DPD Disables AI Chat Function After User Tricks System into Composing Critical Poem

DPD, a UKbased package delivery company, turned off its artificial intelligence AI feature in its online chat platforms after a user encouraged the sy

DPD, a UKbased package delivery company, turned off its artificial intelligence AI feature in its online chat platforms after a user encouraged the system to write a poem criticising the companys inadequate customer care. After failing to obtain information on a shipment, the angry customer asked the chatbot to create a poem about poor chatbot service. Some of the poems lyrics read, "DPD was a customers worst nightmare and a waste of time." Following a glitch that resulted in the users conversation with the bot receiving attention on social media, DPD removed the AI component of its chat system. Read More..

B2B Tech News | 1 months 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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