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Amazon Web Services to Invest Over $5 Billion in Data Centers in Mexicos Queretaro State

Over 15 years, Amazon.com Inc. AMZN.O subsidiary Amazon Web Services Mexico AWS will invest more than $5 billion to build a collection of data centres

Over 15 years, Amazon.com Inc. AMZN.O subsidiary Amazon Web Services Mexico AWS will invest more than $5 billion to build a collection of data centres in Queretaro, Mexico. AWS has been working on the project for over five years, according to Head Ruben Mugartegui. With customers like Cinepolis and Aeromexico, the decision was made in response to the rising demand for cloud services. AWS cloud computing contributes to a 20% reduction in IT expenses. Amazon has invested more than $3 billion in Mexico since 2015. The programme brings companies closer to the US in the face of supply chain disruptions and aligns with nearshoring tendencies. Mugartegui highlighted cooperation with the government and possible new clientele among relocation enterprises, like Tesla, even if he would not affirm financial benefits. Read More..

B2B Tech News | 1 months ago

Bitcoin Surges to TwoYear High Above $57,000 Amid Institutional Buying

Tuesdays Asian trade saw a sharp increase in bitcoin prices, pushing it above $57,000 for the first time in two years due to signs of substantial inst

Tuesdays Asian trade saw a sharp increase in bitcoin prices, pushing it above $57,000 for the first time in two years due to signs of substantial institutional purchasing. Simultaneously, Ether, its smaller equivalent, surpassed $3,200 for the first time in the previous two years. MicroStrategys announcement on Monday that it had purchased almost 3,000 bitcoins, or $155 million, contributed to the cryptocurrencys 10% increase in value in only two sessions. The US governments recent approval of bitcoinbased ExchangeTraded Funds ETFs also aided in the cryptocurrencys growth. Amidst a broadly cautious market environment, trade volumes for numerous ETFs rose on Monday, resulting in profits for firms tied to the cryptocurrency space. Read More..

B2B Tech News | 1 months ago

Zoom Video Communications Exceeds Expectations with Strong FourthQuarter Results

With rising number of people adopting hybrid work arrangements and strong demand for its increasing product range, Zoom Video Communications fourthqua

With rising number of people adopting hybrid work arrangements and strong demand for its increasing product range, Zoom Video Communications fourthquarter profits exceeded expectations. The companys adjusted earnings per share was $1.42, more significant than the predicted $1.15 per share, while its revenue of $1.15 billion was above analysts projections. The secret to Zooms success is that it strategically focused on incorporating generative AI into its products instead of going after outside businesses to boost income immediately. More than 510,000 accounts have been activated in the last five months due to the positive reception of its AI companion, which was introduced during the third quarter and offers features including meeting summaries and conversation suggestions. Zoom wants to improve its monetization methods and AI capabilities in the future. Read More..

B2B Tech News | 1 months ago

Meta Takes Action Against Disinformation and Misuse of AI Ahead of European Parliament Elections

In preparation for the June elections for the European Parliament, Facebooks parent company, Meta, is forming a specialised team to combat misinformat

In preparation for the June elections for the European Parliament, Facebooks parent company, Meta, is forming a specialised team to combat misinformation and the abuse of generative artificial intelligence AI. Concerns over disseminating false AIgenerated information and the possibility of election meddling are growing. Thus, Meta intends to establish an Elections Operations Centre to keep an eye on the situation and take immediate action if necessary. The team will be made up of experts from various fields, including operations, research, engineering, intelligence, data science, content policy, and law. Additionally, Meta plans to increase the number of factchecking organisations within the European Union with whom it collaborates. Three additional partners—Bulgaria, France, and Slovakia—have been pledged by Meta. This programme complements Metas previous partnership with other tech companies to fight artificial intelligence that generates content during elections worldwide. Read More..

B2B Tech News | 1 months ago

Change Healthcare Cyberattack Linked to BlackCat Ransomware Group

The BlackCat ransomware organisation has been identified as the culprit of the continuing onslaught against the U.S. health tech business Change Healt

The BlackCat ransomware organisation has been identified as the culprit of the continuing onslaught against the U.S. health tech business Change Healthcare, which has disrupted and caused outages to hospitals and pharmacies nationwide, according to people familiar with the matter. Ransomware assaults often encrypt the victims data and demand a fee to unlock them however, BlackCat has not officially acknowledged taking credit for the attack. It is yet unknown if the hack resulted in patient data theft. The parent company of Change Healthcare, UnitedHealth Group, detected a "suspected nationstate" threat actor in its networks earlier. Still, it did not identify who was responsible for the intrusion. Many transactions in the U.S. healthcare system are handled by Change Healthcare, which merged with Optum in 2022. Organisations such as the American Hospital Association have advised disabling connections from impacted systems until it is considered safe to reestablish them due to the extens Read More..

B2B Tech News | 1 months ago

Microsoft Unveils AI Access Principles to Foster Innovation and Competition

To promote innovation and competition in Artificial Intelligence AI, Microsoft President Brad Smith unveiled guidelines that recognise the companys do

To promote innovation and competition in Artificial Intelligence AI, Microsoft President Brad Smith unveiled guidelines that recognise the companys dominant position in the industry. The decision was made in response to worries about Microsofts industry dominance, especially considering its partnership with OpenAI, the company behind ChatGPT. During his address at the Mobile World Congress in Barcelona, Smith presented the AI Access Principles, highlighting the companys dedication to providing developers access to AI technologies globally. These principles include making AI models and tools internationally accessible, enabling public APIs for developers to use AI models on Microsoft Azure, and supporting and assisting AI developers. Furthermore, Microsoft promises not to leverage proprietary data from developers AI models for competitive advantage. It permits users to transfer their data to other cloud providers quickly. Read More..

B2B Tech News | 1 months ago

Adobes State of Digital Customer Experience Report Highlights Indian Consumers Preference for AIDriven Interactions

Indian customers are leading the world in adopting AIdriven interactions, as the most recent Adobe State of Digital Customer Experience survey shows t

Indian customers are leading the world in adopting AIdriven interactions, as the most recent Adobe State of Digital Customer Experience survey shows that 57% of Indian consumers choose AIenabled technologies over human engagement. But when it comes to using the most recent AI advancements, Indian firms fall short—just 15% of them use generative AI for CX projects, compared to 18% worldwide. In spite of this, 41% of Indian firms prioritise enhancing the customer experience, and 53% promise to improve their generative AI skills in the upcoming year. Adobe Indias Director of Marketing, Anindita Veluri, highlights the move towards "GenAI" and its responsible application to customised experiences. Indian businesses are excellent at managing consumer data, but because of privacy concerns, they struggle with personalisation. Data protection and ethical AI use are top priorities for consumers and companies, with 59% of Indian consumers willing to boycott brands that are not transparent about Read More..

B2B Tech News | 1 months ago

Deutsche Telekom Unveils AIPowered Smartphone Concept at MWC Barcelona

At the Mobile World Congress in Barcelona, Deutsche Telekom showcased a future smartphone design that uses artificial intelligence instead of conventi

At the Mobile World Congress in Barcelona, Deutsche Telekom showcased a future smartphone design that uses artificial intelligence instead of conventional apps to meet customer demands. The idea, implemented on its "Tphone" gadget, attempts to offer a user experience without apps created in association with Qualcomm and Brain. CEO Tim Hoettges said AIdriven interfaces will replace applications in five to ten years. Without needing specialised apps, the phone can make purchases, generate personalised suggestions, and facilitate conversation. As the industry focuses on AI technology to drive corporate growth, Deutsche Telekom thinks integrating Large Language Models LLMs into products will simplify and improve consumers lives. Read More..

B2B Tech News | 1 months ago

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