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EU Gives Meta and TikTok a Deadline Over Content Control Warning

The European Commission has given Meta META.O and TikTok one week to provide their plans for preventing the spread of violent content, hate speech, an

The European Commission has given Meta META.O and TikTok one week to provide their plans for preventing the spread of violent content, hate speech, and terrorist content on their platforms. This action comes after a request akin to Elon Musks X was received. Suppose their answers are not thought to be adequate. In that case, the executive body of the European Union has threatened to launch an investigation. Online giants are subject to fines of up to 6% of their global sales if they fail to proactively remove illegal and damaging content, as mandated by the new Digital Services Act DSA. By October 25, 2023, and November 8, 2023, Meta and TikTok must submit particular data about crisis management, election integrity, and minors online safety. Read More..

B2B Tech News | 1 years ago          

Google’s New Search Generative Experience Alarm Publishers

Publishers are concerned about Googles new Search Generative Experience SGE tool, which uses generative AI to generate content summaries in response t

Publishers are concerned about Googles new Search Generative Experience SGE tool, which uses generative AI to generate content summaries in response to search queries. SGE uses artificial intelligence AI to create summaries by extracting content from several websites and providing connections for additional reading. Publishers are concerned about traffic to their websites, credit for their work in summaries, and payment for data used in AI training. Google is attempting to comprehend publisher input and the generative AI business model. Publishers can now prevent their material from being used in AI training with a new tool. Publishers worry that SGE summaries may result in less organic traffic, which could affect their ad revenue and website analytics. Read More..

B2B Tech News | 1 years ago          

Tesla CEO Musk Highlights Financial Stress on Everyday Americans

During an earnings call, Tesla CEO Elon Musk voiced concerns about workfromhome policies, consumer problems, and highinterest rates. He underlined how

During an earnings call, Tesla CEO Elon Musk voiced concerns about workfromhome policies, consumer problems, and highinterest rates. He underlined how Americans who live paycheck to paycheck are under financial difficulty due to loans such as mortgages and credit card debt, which makes buying electric vehicles more expensive. Musk brought up the effects of high credit card interest rates and the state of the economy. He talked about his caution stemming from previous financial crises. He said that Teslas costcutting measures were a problematic undertaking. Musk chastised proponents of working from home, claiming that they ignore the necessity of specific inperson jobs, such as food service and manufacturing. Read More..

B2B Tech News | 1 years ago          

Ford Motors Concerns Over Fuel Efficiency Standards

The plan by President Bidens administration to raise car fuel economy standards has prompted Ford Motor Co. to express concerns, citing the possibilit

The plan by President Bidens administration to raise car fuel economy standards has prompted Ford Motor Co. to express concerns, citing the possibility of "substantial economic hardship." The National Highway Traffic Safety Administration unveiled a strategy in July that seeks to increase fuel efficiency in passenger cars by 2% each year and in pickup trucks and SUVs by 4% per year between 2027 and 2032. The plan, a component of efforts to combat climate change and reduce fuel consumption, might result in an average fleetwide efficiency of 58 mpg. By 2032, Ford implied it might be subject to $1 billion in civil penalties. Other automakers and producers of electric vehicles have also provided feedback on the suggested guidelines. Read More..

B2B Tech News | 1 years ago          

TSMC Outperforms Expectations with 25% Profit Drop

After a yearlong downturn, Taiwanese chipmaker TSMC revealed a betterthanexpected 25% fall in Q3 net profit, suggesting a possible rebound in the glob

After a yearlong downturn, Taiwanese chipmaker TSMC revealed a betterthanexpected 25% fall in Q3 net profit, suggesting a possible rebound in the global semiconductor market. This is consistent with a pattern observed in rival Samsungs Q3 earnings. But heed the warning supplier ASML predicted flat revenues in 2024 due to chipmakers reluctance to make fresh expenditures. Surpassing projections, TSMCs net profit decreased to T$211 billion. Of total sales, 42% came from highperformance computing. Notwithstanding obstacles posed by a complicated geopolitical environment and the companys lower capital spending, its shares have increased 22% this year, increasing its market worth to $432.3 billion. Read More..

B2B Tech News | 1 years ago          

Nokia Announces Bold Job Cuts Amid 20% Sales Drop

The thirdquarter sales decline of Finnish telecom giant Nokia NOKIA.HE was mainly caused by lower demand for 5G equipment in the US. As a result, the

The thirdquarter sales decline of Finnish telecom giant Nokia NOKIA.HE was mainly caused by lower demand for 5G equipment in the US. As a result, the company announced a primary costcutting measure that might result in losing up to 14,000 jobs. Nokia wants to save between €800 million and €1.2 billion by 2026 to reach its longterm operating margin target of 14%. With this reorganisation, there will be 72,000–77,000 fewer workers than previously 86,000. Though it was anticipated that the fourth quarter would improve, Ericsson ERICb.ST, also confronting comparable difficulties, stated that uncertainty will continue to affect its operations beyond 2024. Read More..

B2B Tech News | 1 years ago          

Honda and GM Forge Alliance for Japanese Driverless Rides by 2026

By early 2026, Honda and General Motors GM will collaborate to introduce a driverless ride service in Japan through Cruise, GMs autonomous vehicle div

By early 2026, Honda and General Motors GM will collaborate to introduce a driverless ride service in Japan through Cruise, GMs autonomous vehicle division. Subject to regulatory approval, the joint venture is anticipated to be launched in the first half of 2024. Intending to commercialise autonomous vehicles on a large scale in Japan, Cruise presently provides restricted ride services in San Francisco. The service is scheduled to launch with dozens of Cruise Origin cars in central Tokyo and eventually grow to a fleet of 500. Riders will be able to book rides and pay via a smartphone app. The business is still dedicated to guaranteeing safety in autonomous vehicle technology, even after a recent safety investigation into Cruises activities. Read More..

B2B Tech News | 1 years ago          

Amazons Drone Fleet Touches Down in the UK and Italy

Amazon intends to deploy drone deliveries in the UK, Italy, and another US city, further revolutionising its delivery services. The online retailer is

Amazon intends to deploy drone deliveries in the UK, Italy, and another US city, further revolutionising its delivery services. The online retailer is currently working to grow its Prime Air programme, and these aerial deliveries are a part of that endeavour. By late 2024, customers in these areas should be able to choose to have packages delivered by drones. Amazon plans to quickly implement drone deliveries from sameday delivery facilities into its current fulfilment network. Amazons dronebased service, Prime Air, debuted in two US cities last year—Texas and California—and will soon expand to more locations. It is a part of Amazons longterm plan to use drone technology to transport packages faster and more efficiently in 2020, the federal government approved the technology for testing commercial delivery. Read More..

B2B Tech News | 1 years ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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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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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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