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U.S. Chief Justice Roberts Urges Caution on AI in Legal Field

Chief Justice John Roberts of the United States Supreme Court voiced a cautious assessment of artificial intelligences AI potential advantages in the

Chief Justice John Roberts of the United States Supreme Court voiced a cautious assessment of artificial intelligences AI potential advantages in the legal sector, highlighting the necessity of "caution and humility." Although Roberts acknowledged that AI might improve access to justice and expedite legal procedures, he also brought up privacy issues, the fact that AI cannot replace human judgement, and the fact that artificial intelligence has produced fake material that has resulted in false information appearing in court documents. The chief judge emphasised the need for cautious thought while applying AI, citing instances in which the "hallucinations" produced by AI led to the citation of fictitious court cases in court documents. Read More..

B2B Tech News | 1 months ago          

Arenadata Eyes IPO on Moscow Exchange in 2024 Sources

Three sources in the Russian financial industry SOURCE Reuters claim that Russian data collecting and storage platform developer Arenadata plans to c

Three sources in the Russian financial industry SOURCE Reuters claim that Russian data collecting and storage platform developer Arenadata plans to conduct an Initial Public Offering IPO on the Moscow Exchange in 2024. Later, the business acknowledged that, among other things, it was thinking about going public, although it gave no timeframe. According to Arenadata, "Among the choices is access to the public capital market, which is not eliminated. Furthermore, we think that any quickly growing IT business will naturally reach this level of growth." The change reflects the companys investigation of various business growth and talent acquisition strategies within the IT sector. Read More..

B2B Tech News | 2 months ago          

Kaspi.kz Posts Strong Q3 Results Net Income Surges 40% to $512 Million

The massive fintech company Kaspi.kz, located in Kazakhstan and valued at about $19 billion on the London Stock Exchange, announced impressive Q3 resu

The massive fintech company Kaspi.kz, located in Kazakhstan and valued at about $19 billion on the London Stock Exchange, announced impressive Q3 results and moved closer to a U.S. listing by disclosing its IPO documentation. With sales increasing by over 51% to 508.44 billion Kazakh tenge, the net income for the quarter ended September 30th increased by 40% to 232.49 billion Kazakh tenge $512 million. The firm intends to list in the United States to reach a broader range of investors. It provides fintech, marketplace, and payment solutions. Kaspi.kz, with Morgan Stanley, J.P. Morgan, and Citigroup serving as lead underwriters, applied to list its American Depositary Shares ADS on Nasdaq. Read More..

B2B Tech News | 2 months ago          

Foreign Investment Holds Strong Israeli HighTech Raises $1.5 Billion in Q4 2023

Despite a 15% decline from Q3, Israeli hightech companies raised $1.5 billion in Q4 2023, indicating that international investment was still coming in

Despite a 15% decline from Q3, Israeli hightech companies raised $1.5 billion in Q4 2023, indicating that international investment was still coming in despite the IsraelHamas conflict. A total of 75 agreements totalling $220 million in "seed" finance were disclosed by LeumiTech and the Israel Venture Capital Research Centre. The rise in foreign involvement in Q4 demonstrated the availability of investment funding. Israels economy depends heavily on this industry, which accounts for over half of exports and 12% of jobs. Israeli entrepreneurs raised $7 billion in 2023 instead of $16 billion in 2022, primarily due to investor fears regarding judicial system reforms and the global economic downturn. A hopeful perspective is supported by overseas investors finding Israeli hightech enterprises appealing despite hurdles. Read More..

B2B Tech News | 2 months ago          

Huawei Forecasts Robust Growth Expects Revenue to Surpass $98.5 Billion, Up 9% YoY in 2023

In an internal New Year letter, rotating chairman Ken Hu disclosed that Huawei expects to report sales above 700 billion yuan $98.5 billion for 2023,

In an internal New Year letter, rotating chairman Ken Hu disclosed that Huawei expects to report sales above 700 billion yuan $98.5 billion for 2023, representing a 9% YoY rise from the 642.3 billion yuan in 2022. The prediction denotes Huaweis comeback from US sanctions that hindered its ability to get essential international technology. Hu said the firm is "pretty much back on track" after overcoming obstacles, and he commended our partners and the Huawei team for their tenacity. Huaweis comeback to the highend smartphone market is anticipated with the release of the Mate60 series. Huawei acknowledges the unpredictability of the geopolitical and economic landscape, but in 2024, it intends to concentrate on business efficiency measures. Read More..

B2B Tech News | 2 months ago          

Ernie Bot, Baidus AI Chatbot, Hits 100 million Users Mark Following Public Launch

Like ChatGPT, Baidus Ernie Bot has over 100 million users, according to Wang Haifeng, the companys CTO. After a testing phase and public debut in Augu

Like ChatGPT, Baidus Ernie Bot has over 100 million users, according to Wang Haifeng, the companys CTO. After a testing phase and public debut in August, Ernie Bot made the news during a conference in Beijing. Analysts highlight Baidus favourable early entry into a competitive industry of AIpowered chatbots despite an initially lackluster partial debut. The worlds fastestgrowing software programme since late 2022, OpenAIs ChatGPT, is credited with sparking the recent interest in this technology. The CEO of Baidu, Robin Li, sees Ernie Bot helping to increase market share in favoured industries, including cloud services, intelligent automobiles, and search engines. Even though Ernie Bot is one of the best Chinese chatbots, its rating on SuperCLUE is more than ten points lower than ChatGPTs most recent iteration. Read More..

B2B Tech News | 2 months ago          

Elon Musks X Faces Setback as U.S. Judge Rejects Attempt to Block Content Moderation Law

The effort by Elon Musks social network firm X to overturn a California law requiring openness on content filtering was denied by a U.S. judge. Former

The effort by Elon Musks social network firm X to overturn a California law requiring openness on content filtering was denied by a U.S. judge. Former Twitter user X claimed the law violated its right to free expression. The law mandates that big social media companies publish reports on content moderation every two years, including information on offensive posts and the steps taken to remove them. Judge William Shubb rejected Xs arguments, concluding that the reporting requirement was appropriate. X, which has been under fire for its content filtering, suffered a sharp drop in U.S. ad income under Musk. Read More..

B2B Tech News | 2 months ago          

Mukesh Ambani Unveils Vision for Reliance Industries to Pioneer AI in Key Sectors

Mukesh Ambani, the chairman of Reliance Industries, outlined his goal for the company to be a leader in artificial intelligence AI solutions that solv

Mukesh Ambani, the chairman of Reliance Industries, outlined his goal for the company to be a leader in artificial intelligence AI solutions that solve Indias pressing needs in employment, healthcare, education, and agriculture. Ambani underlined how crucial it is to be at the forefront of utilising AI and data to create a notable increase in efficiency and production. Reliance has been evolving into a technology business, venturing into digital services, retail, telecom, and new energy. Reliance and Nvidia inked a partnership agreement in September to work together on generative apps, language models, and cloud infrastructure. Ambani encouraged staff members to spearhead AIled change in important emerging industries. 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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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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