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U.S. Senators Briefed on Concerns Over Chinese Pharmaceutical Firms Alleged IP Transfer

U.S. intelligence authorities briefed senators on concerns related to the purported unapproved transfer of intellectual property from the United State

U.S. intelligence authorities briefed senators on concerns related to the purported unapproved transfer of intellectual property from the United States to China by WuXi AppTec, a Chinese pharmaceutical company. Led by the FBI, State Department, and intelligence agencies, the briefing outlined possible actions that counter U.S. national security objectives, such as transferring intellectual property owned by a U.S. client to Chinese authorities. WuXi AppTec said the company complied with US standards and refuted any unauthorised transfers. The Senate was debating a bill that would limit trade with Chinese biotech companies at the same time as the briefing. After that, the law moved forward, with business backing changing due to worries over Chinas military connections and national security. Citing worries over national security, the Biden administration also released an executive order restricting data exports to China. Read More..

B2B Tech News | 2 months ago          

Dutch Prime Minister Confirms Cyberespionage Talks with Chinese President Xi Jinping

The president of China and Dutch Prime Minister Mark Rutte had a conversation about a cyberespionage event that the Netherlands had said was the work

The president of China and Dutch Prime Minister Mark Rutte had a conversation about a cyberespionage event that the Netherlands had said was the work of China. According to the Dutch intelligence service MIVD, the incident included Chinese statesponsored cyber spies gaining access to a military network in the Netherlands. This is the first time the Netherlands has publicly linked cyber espionage to China amid rising national security concerns and disagreements over the sale of sophisticated semiconductor equipment. Although Beijing consistently refutes these accusations, Rutte raised the subject privately during his meeting with Xi, highlighting the significance of tackling challenging subjects like cyberattacks. China and Western nations have been accusing one another of hacking, which has increased tensions over cyber espionage. Read More..

B2B Tech News | 2 months ago          

U.S. State Department Offers $10 Million Bounty for Blackcat Ransomware Gang

The U.S. State Department has offered a bounty of up to $10 million for information that results in the identifying or apprehending the "Blackcat" ran

The U.S. State Department has offered a bounty of up to $10 million for information that results in the identifying or apprehending the "Blackcat" ransomware group. The gang is in charge of attacking vital infrastructure sectors domestically and internationally, as seen by the most recent hack on Change Healthcare, the IT division of the UnitedHealth gang. Due to the attack, there is a $14 billion backlog of medical claims, creating substantial disruption. It is uncertain whether the gang kept its word, even though there have been rumours that UnitedHealth paid the hackers a $22 million ransom. The prize emphasises cyber threats seriousness and how hard it is to defend against them. Read More..

B2B Tech News | 2 months ago          

MLCommons Unveils New Benchmarks for AI Application Response Times

MLCommons issued new benchmarks assessing the reaction times of AI applications. These tests assess the speed at which AI models can be processed and

MLCommons issued new benchmarks assessing the reaction times of AI applications. These tests assess the speed at which AI models can be processed and answers generated by highend hardware. Llama 2 and MLPerf are benchmarks that evaluate texttoimage creation and questionandanswer situations, respectively. The benchmarks were dominated by Nvidias H100 CPUs, with Google, Supermicro, and Nvidias servers performing at the top. Qualcomm and Intel, on the other hand, also submitted designs that prioritised performance and power efficiency. In light of the significance of energy efficiency in using artificial intelligence, MLCommons intends to launch benchmarks that measure power usage independently. Read More..

B2B Tech News | 2 months ago          

Francis Scott Key Bridge Collapse Disrupts Shipping at Baltimore Port

One of the busiest ports in the United States has experienced disruptions to shipping and transportation operations due to the Francis Scott Key Bridg

One of the busiest ports in the United States has experienced disruptions to shipping and transportation operations due to the Francis Scott Key Bridge collapse in Baltimore. Due to a collision with a container ship, the bridge collapsed, resulting in an indefinite suspension of ship traffic and the need to reroute goods and vessels. Supply chains will probably be impacted by the congestion and delays this occurrence causes for importers. Furthermore, transportation durations would treble due to the absence of the bridge, especially for hazardous products, which will result in delays and higher fuel expenses. Experts predict shortages and interruptions in ocean container shipping and East Coast transportation operations. At the same time, the full extent of the damage is still unknown. Read More..

B2B Tech News | 2 months ago          

Pakistan Considers Restoring Trade Ties with India, Signals Diplomatic Shift

Muhammad Ishaq Dar, Pakistans Foreign Minister, has hinted at a possible change in the countrys diplomatic approach towards India by saying that Pakis

Muhammad Ishaq Dar, Pakistans Foreign Minister, has hinted at a possible change in the countrys diplomatic approach towards India by saying that Pakistan will "seriously" examine mending commercial relations with its neighbour. During a press conference in London, Dar expressed how excited Pakistans business community is to begin economic activity with India. This declaration implies a change in strategy from Pakistans prior position in the wake of Indias withdrawal of Article 370 in August 2019, which resulted in a deterioration of diplomatic relations. In February 2021, both nations extended the truce along the Line of Control despite their tense ties. Shehbaz Sharif of Pakistan and Indian Prime Minister Narendra Modi have recently spoken, raising expectations for a diplomatic thaw given Sharifs emphasis on economic development as the leader of Pakistans new coalition government. Read More..

B2B Tech News | 2 months ago          

Cryptocurrency Exchange Binance Rocked as Executive Escapes Custody in Nigeria

Nadeem Anjarwalla, an executive of cryptocurrency exchange Binance, is said to have escaped from detention in Nigeria during a criminal probe into the

Nadeem Anjarwalla, an executive of cryptocurrency exchange Binance, is said to have escaped from detention in Nigeria during a criminal probe into the platforms possible participation in money laundering. Authorities claim that Anjarwalla, the regional manager for Africa at Binance, used a smuggled passport to flee Nigeria. He and his colleague Tigran Gambaryan have been in custody since February 26 as part of an operation on the cryptocurrency site. Following allegations of money laundering and sponsorship of terrorism, Binance stopped trading with the Nigerian naira in March. The fact that Anjarwalla escaped raises concerns regarding security protocols since officials have detained those in charge of his care. Additional legal issues that Binance must deal with include tax evasion accusations brought by the Nigerian tax authority. Read More..

B2B Tech News | 2 months ago          

Hyundai Motor Group Unveils $51 Billion Investment Plan for Electric Vehicles and Mobility Ventures

In addition to recruiting 80,000 additional staff, Hyundai Motor Group announced a significant investment of 68 trillion won $51 billion over three ye

In addition to recruiting 80,000 additional staff, Hyundai Motor Group announced a significant investment of 68 trillion won $51 billion over three years to bolster its position in electric cars EVs and new mobility endeavours. Around 35.5 trillion won, or more than half of the investment would go towards EV assembly lines and R&D facilities. An additional 31.1 trillion won will go towards EVrelated research, including battery and softwaredefined vehicle development. Of the 44,000 new workers, the bulk will work to advance future business sectors, including carbon neutrality, softwaredefined vehicles, and electrification. This investment demonstrates Hyundai Motor Groups dedication to innovation and environment friendly mobility solutions. Read More..

B2B Tech News | 2 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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