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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

South Korea Unveils Corporate Governance Reform Plan

Reminiscent of Japans successful corporate governance changes, South Korea proposed a reform package to increase shareholder returns for listed corpor

Reminiscent of Japans successful corporate governance changes, South Korea proposed a reform package to increase shareholder returns for listed corporations. The "Corporate Valueup Programme" promotes initiatives that are done voluntarily to raise dividends and enhance governance. But when the markets expectations were not fulfilled, pressure to take profits increased. According to analysts, investors were disappointed by the ideas lack of strong incentives. The benchmark KOSPI index dropped, which had a significantly negative impact on cheap industries like banks and automobiles. Preferential tax treatment and the implementation of a shareholder value index are being studied as ways to encourage voluntary improvements. Despite these efforts, South Koreas market performance continues to lag behind its international counterparts, with many firms trading below book value. Read More..

B2B Tech News | 1 months ago

Ant Group Outbids Citadel Securities for Credit Suisses China Venture

According to reports, Ant Group, a fintech behemoth, outbid Citadel Securities for Credit Suisses Chinese investment bank business. Beijing wants a fo

According to reports, Ant Group, a fintech behemoth, outbid Citadel Securities for Credit Suisses Chinese investment bank business. Beijing wants a foreign buyer, so Ants attempt to take over Credit Suisses businesses will be closely watched. UBS, the company that now owns Credit Suisse, must decide between Ants more enormous offer and Citadels cheaper offer, which has a better chance of receiving government clearance. Ant Group wants to become a fully regulated financial holding company by Chinese regulatory guidelines. Regarding the situation, UBS and Citadel have not responded. The auction occurs in the context of continuing restructuring at UBS following its merger with Credit Suisse and difficulties in Chinas Ashare market. Read More..

B2B Tech News | 1 months ago

Broadcom Nears $3.8 Billion Deal to Sell EUC Business to KKR

According to people familiar with the situation, chipmaker Broadcom is nearing completion of a $3.8 billion agreement to sell its enduser computing EU

According to people familiar with the situation, chipmaker Broadcom is nearing completion of a $3.8 billion agreement to sell its enduser computing EUC division to private equity company KKR. Hock Tan, the CEO of Broadcom, wants to reduce the companys portfolio after acquiring VMware. In the EUC unit auction, KKR prevailed over rival companies such as EQT. The agreement, anticipated to be revealed soon, expands on KKRs earlier acquisitions of BMC and Ensono and signifies its ongoing presence in the IT industry. UBS Group, Jefferies, and KKRs capital market business provide debt financing, while Citigroup assists Broadcom. Evercore, Deutsche Bank, and Jefferies advise KKR. On the possible acquisition, Broadcom and KKR both declined to comment. Read More..

B2B Tech News | 1 months ago

G20 Foreign Ministers Convene in Rio de Janeiro, Led by Brazil

The G20s foreign ministers met in Rio de Janeiro, under the direction of Brazil, to discuss issues such as rising international tensions, the climate

The G20s foreign ministers met in Rio de Janeiro, under the direction of Brazil, to discuss issues such as rising international tensions, the climate problem, and poverty. Priorities, including increasing the presence of poor countries in organisations that oversee global governance, were emphasised by Brazils president. The fight against hunger, poverty, and inequality, as well as sustainable development and governance reform, were prioritised by Foreign Minister Mauro Vieira. The large amount of money spent on the military worldwide has drawn criticism since it may be better used for assistance and development initiatives. Amid more than 170 active conflicts globally and escalating geopolitical tensions, the goal of the gathering is to establish a schedule for the next Rio Summit. In Brasilia, Brazilian President Lula also met with US Secretary of State Blinken to talk about issues relating to global governance. Read More..

B2B Tech News | 1 months ago

Alcoa Proposes $2.2 Billion AllStock Acquisition of Alumina

The American aluminium behemoth Alcoa has put out a $2.2 billion allstock takeover offer for its Australian joint venture, Alumina, to streamline oper

The American aluminium behemoth Alcoa has put out a $2.2 billion allstock takeover offer for its Australian joint venture, Alumina, to streamline operations and increase upstream visibility. The main asset of Alumina is its 40% share in the joint venture Alcoa World Alumina and Chemicals, which has interests in the mining of bauxite, the refining of Alumina, and the smelting of aluminium in several nations. The purchase is anticipated to leverage debtrelated tax advantages and remove Aluminas yearly overhead expenditures. William Oplinger, CEO of Alcoa, emphasised the potential for expansion of the worldwide presence. Alcoa shares would be awarded to Alumina stockholders, giving them a 31% ownership position in the combined company. The Alumina board supports the agreement, but it is still being determined whether it will become legally enforceable. The alumina sector faces challenging market circumstances at the time of Alcoas proposal. Read More..

B2B Tech News | 1 months ago

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