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AI Startup Basis Raises $34 Million to Revolutionize Accounting Automation

The artificial intelligence startup Basis said Tuesday that it has raised $34 million in a Series A investment round to improve its accounting automat

The artificial intelligence startup Basis said Tuesday that it has raised $34 million in a Series A investment round to improve its accounting automation solution that uses AI. Leading investors in the funding, which Khosla Ventures spearheaded, included Google top scientist Jeff Dean and former GitHub CEO Nat Friedman. Basis is an autonomous AI agent development company specialising in automating accounting processes, including data correctness verification and transaction entry. For businesses like Wiss, the software is said to cut down on human labour by up to 30% by integrating with wellknown ledger systems like Xero and QuickBooks. With fewer people entering the field due to baby boomer retirements and changing career preferences, the startup seeks to solve the urgent need for accountants. Read More..

B2B Tech News | 3 days ago          

Honda and Nissan Explore Merger to Strengthen Ties Amidst Automotive Challenges

As China and Tesla pose serious threats to Japans car sector, Honda and Nissan are allegedly in talks to deepen their relationship and consider a merg

As China and Tesla pose serious threats to Japans car sector, Honda and Nissan are allegedly in talks to deepen their relationship and consider a merger. Through this partnership, a $54 billion company with an annual production of 7.4 million cars may be formed, making it the thirdlargest auto group in the world, behind Volkswagen and Toyota. This collaboration is urgent given Nissans recent financial issues, which include a sharp decline in profits and layoffs. Although both businesses want to improve their electric vehicle EV capabilities, an agreement has yet to be confirmed. According to analysts, this merger might strengthen Toyotas domestic competition and aid the business in navigating the changing automotive market. Read More..

B2B Tech News | 3 days ago          

Gree Electric Achieves Milestone in Chip Development, Paving Way for SelfReliance

Chairwoman Dong Mingzhu asserted that six years after starting its chip research program, the Chinese home appliance giant Gree Electric had effective

Chairwoman Dong Mingzhu asserted that six years after starting its chip research program, the Chinese home appliance giant Gree Electric had effectively produced its chips. In an interview with Sina.com, Dong emphasised that Gree could develop chip design, research, and manufacturing skills without the assistance of the government. Gree invested 4 billion yuan $549.45 million a year on chip purchases, initially establishing a company in 2018 to design chips for air conditioners and smart home goods. However, the precise sorts of chips were not disclosed. Dong announced the construction of a Silicon Carbide SiC chip facility in March 2024, with manufacturing anticipated to begin by June. Gree is increasing semiconductor selfreliance and supply chain resilience alongside Chinese companies like Xiaomi and Midea. Read More..

B2B Tech News | 3 days ago          

GlobalLogic and Nokia Partner to Accelerate Enterprise 5G Adoption with Network as Code

Through Nokias Network as Code platform and developer site, GlobalLogic has teamed up with the company to accelerate the adoption of 4G and 5G in ente

Through Nokias Network as Code platform and developer site, GlobalLogic has teamed up with the company to accelerate the adoption of 4G and 5G in enterprise settings. Through the use of cuttingedge network APIs for gamechanging applications, our partnership seeks to spur innovation in the automotive, industrial, and financial industries. Software developers at GlobalLogic can produce networkaware solutions that enhance operational effectiveness, sustainability, and safety by utilising SDKs and API documentation. Examples include immersive XR/VR teaching, predictive maintenance, IoT data integration, and smart helmets for worker safety. AIpowered insights in banking improve client satisfaction and fraud prevention. The collaboration positions both businesses as leaders in nextgeneration network technology and allows companies to profit from 5G investments while promoting connectivity and innovation. Read More..

B2B Tech News | 3 days ago          

Google Launches Veo 2 for 4K AI Video Generation, Enhancing Cinematic Realism

The advanced videogeneration AI model Veo 2, which will replace Veo and be released in early 2024, has been introduced by Google. With longer duration

The advanced videogeneration AI model Veo 2, which will replace Veo and be released in early 2024, has been introduced by Google. With longer durations, more realism, and a deeper comprehension of cinematographic aspects, including genres, lenses, and camera movements, Veo 2 produces videos with up to 4K resolution. Developed to minimise visual flaws and use SynthID watermarks to prevent abuse, Veo 2 is now available to a limited number of producers on VideoFX through Google Labs, with ambitions to expand to YouTube Shorts in 2025. Google also introduced Imagen 3, an improved AI picture model, to more than 100 nations, allowing for a wider variety of artistic styles and improved ImageFX fast adherence. Both models show Googles developments in generative AI for media production. Read More..

B2B Tech News | 3 days ago          

Apple Debuts Genmoji Custom Emojis in macOS Sequoia 15.3 Developer Beta

Along with system enhancements and the launch of Genmoji, an Apple Intelligencepowered tool for making personalised emojis, Apple has launched macOS S

Along with system enhancements and the launch of Genmoji, an Apple Intelligencepowered tool for making personalised emojis, Apple has launched macOS Sequoia 15.3 Developer Beta 1. Initially showcased at WWDC 2024 and accessible on iPhone and iPad, Genmoji enables Mac users to create emojis using text prompts or customise them with images. Genmojis may be customised with accessories and themes using the Image Playground app or the emoji keyboard palette, and they can be shared in applications such as Keynote, Notes, and Messages. This update improves user customisation by incorporating AIpowered innovation into the Mac ecosystem. In addition, Apple released developer beta upgrades for iOS 18.3, iPadOS 18.3, watchOS 11.3, tvOS 18.3, and visionOS 2.3, enhancing its ecosystem of devices. Read More..

B2B Tech News | 3 days ago          

Synopsys and SiMa.ai Collaborate to Revolutionize AI Chip Development for Cars

The Silicon Valley companies SiMa.ai and Synopsys established a collaboration to speed up the development of AI chips for suppliers and automakers. Le

The Silicon Valley companies SiMa.ai and Synopsys established a collaboration to speed up the development of AI chips for suppliers and automakers. Leading chipdesign software provider Synopsys will include energyefficient AI hardware and software from SiMa.ai in its products. By simulating chipsoftware interactions, our partnership will assist automakers in selecting the best AI solutions for applications such as voice assistants and driverassistance systems. These technologies, which depend on data centres powerhungry CPUs, are being modified for effective incar use. CEO Krishna Rangasayee of SiMa.ai emphasised the companys emphasis on energy efficiency to satisfy demands for vehicle performance. Automakers must take control of their computing frameworks because of the shift in software demands, as highlighted by Ravi Subramanian of Synopsys. The financial details should have been provided. Read More..

B2B Tech News | 3 days ago          

India’s November Exports Fall 4.8%, Highlighting Trade Imbalance

Due to a sharp rise in item imports, which increased by 27% to almost $70 billion, Indias trade deficit soared to a new high of $37.8 billion in Novem

Due to a sharp rise in item imports, which increased by 27% to almost $70 billion, Indias trade deficit soared to a new high of $37.8 billion in November. A roughly 30% increase in gold prices and robust demand throughout the holiday season were the main causes of this spike, which led to a 4.3fold increase in gold imports of $14.9 billion. In contrast, petroleum exports decreased 49.6% to $3.7 billion, while exports dropped 4.8% to $32.1 billion, a 25month low. Although nonpetroleum products grew about 8%, total export performance was impacted by shifting oil prices and increasing geopolitical tensions. Nonetheless, there was a surplus in services trade due to the strong 26.8% growth in services exports to $35.67 billion. Read More..

B2B Tech News | 4 days ago          



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