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Microsoft Considers Future of Beijing Research Lab Amid USChina Tensions

According to reports, Microsoft is discussing the future of its Beijing research facility in light of the escalating USChina tensions. The growth of a

According to reports, Microsoft is discussing the future of its Beijing research facility in light of the escalating USChina tensions. The growth of artificial intelligence and the tense ties between the two countries have made the lab a focus of national security worries. Brad Smith, the company president, and CEO Satya Nadella have discussed this for at least a year. The potential for Chinese hackers or infiltration into the lab and the possibility of researchers departing to work for Chinese businesses with solid government connections are among the conceivable hazards. While drafting legislation prohibiting new US investments in Chinese corporations engaged in sensitive technology, the Biden administration also questioned Microsoft about the facility. Read More..

B2B Tech News | 2 years ago          

OpenAI Introduces GPT Store, Enabling Users to Share and Download Custom Chatbots

OpenAI has unveiled two new products ChatGPT Team, a new solution for companies, and the GPT Store, which is dubbed OpenAIs equivalent of the App Stor

OpenAI has unveiled two new products ChatGPT Team, a new solution for companies, and the GPT Store, which is dubbed OpenAIs equivalent of the App Store and lets users post customised chatbots GPTs for others to buy. ChatGPT Team offers a shared workspace and lets teams create their GPTs. It is priced at $25 per user per month annual payment or $30 per user per month monthly payment and is intended for enterprises with less than 150 users. Community members may create and distribute GPTs through the GPT Store, and shortly, a revenue programme for GPT builders will be launched. OpenAI has been expanding its AI product line quickly, and these new offers will help the business generate more income. Read More..

B2B Tech News | 2 years ago          

Bipartisan U.S. Lawmakers Introduce Legislation to Regulate AI Risks

A bipartisan group of U.S. politicians has presented legislation requiring government agencies and their A.I. providers to adopt best practices for co

A bipartisan group of U.S. politicians has presented legislation requiring government agencies and their A.I. providers to adopt best practices for controlling the risks associated with artificial intelligence. The proposed measure, which would require federal agencies to accept A.I. rules established by the Commerce Department, is considered a minor step towards regulating A.I. in the United States. Furthermore, the measure would mandate that the Commerce Department create specific guidelines for A.I. vendors serving the U.S. government and that these vendors grant access to data, models, and parameters to enable adequate testing and assessment. Read More..

B2B Tech News | 2 years ago          

Mozambique Receives $60.7 Million as IMF Concludes Third Review of Loan Program

With the completion of the third assessment of Mozambiques threeyear loan programme, the International Monetary Fund IMF has made it possible for Mapu

With the completion of the third assessment of Mozambiques threeyear loan programme, the International Monetary Fund IMF has made it possible for Maputo to receive an immediate payment of almost $60.7 million. Currently, around $273 million has been disbursed under the $456 million Extended Credit Facility programme, which was approved in 2022. The IMF observed that Mozambique has made acceptable progress in lowering inflationary pressures and quickening the countrys economic recovery. Supporting economic recovery, lowering public debt, addressing financial vulnerabilities, and facilitating public investments in infrastructure, human capital, and climate adaptation are the main objectives of the threeyear agreement. Read More..

B2B Tech News | 2 years ago          

Indias DeepSea Oil Project Off Kakinada Coast Commences Production

The first oil was produced from a deepsea project on 7 January in the Krishna Godavari Basin, 30 kilometres off the coast of Kakinada, according to In

The first oil was produced from a deepsea project on 7 January in the Krishna Godavari Basin, 30 kilometres off the coast of Kakinada, according to Indias Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri. The COVID19 epidemic caused delays for the project, which was started in 2016–17 and is run by the Oil and Natural Gas Corporation ONGC. Four of the 26 wells are now producing, according to Puri, and by May or June, the project hopes to generate 45,000 barrels per day or 7% of Indias total production of petrol and crude oil. Read More..

B2B Tech News | 2 years ago          

Grifols Shares Plunge 30% as Gotham City Questions Accounting Practices

The Spanish pharmaceutical Grifolss market value dropped by roughly $3 billion as a result of a 30% decline in shares following questions raised by he

The Spanish pharmaceutical Grifolss market value dropped by roughly $3 billion as a result of a 30% decline in shares following questions raised by hedge fund Gotham City Research regarding the companys accounting. When Gotham questioned Grifolss stated debt, earnings, and leverage ratio, Grifols refuted any wrongdoing and labelled the report as "speculation" and "false information." To allay investor fears, the business intends to make a phone call and issue a fresh statement to the stock market regulator. Following a 42% decline at the opening of the market, Grifols shares fell 26% in late afternoon trading in Madrid and early trading on Nasdaq. Read More..

B2B Tech News | 2 years ago          

Hewlett Packard Enterprise Boosts AI Ambitions with $14 Billion Juniper Networks Acquisition

With a $14 billion allcash agreement, Hewlett Packard Enterprise HPE is scheduled to purchase Juniper Networks, a manufacturer of networking hardware.

With a $14 billion allcash agreement, Hewlett Packard Enterprise HPE is scheduled to purchase Juniper Networks, a manufacturer of networking hardware. HPE hopes to expand its networking business and improve its artificial intelligence AI products with this deal. HPE wants to use Junipers expertise in AIenabled enterprise networking operations and network security. Offering shareholders of Juniper $40 a share, the deal offers a 32.4% premium over the stocks Monday closing price. With regulatory clearances pending, the transaction is scheduled to conclude in late 2024 or early 2025 and is anticipated to be financed by $14 billion in term loans. Read More..

B2B Tech News | 2 years ago          

Outlogic Agrees to Halt Sale of Sensitive Location Data in FTC Settlement

By the terms of the Federal Trade Commissions FTC first data tracking settlement, Virginiabased data broker Outlogic previously XMode Social has agree

By the terms of the Federal Trade Commissions FTC first data tracking settlement, Virginiabased data broker Outlogic previously XMode Social has agreed to stop selling sensitive location data. The FTC accused Outlogic of violating customer privacy by selling data without authorization. Outlogic has committed to cease sharing locationsensitive information, remove unlawfully obtained data, and put procedures in place to remove sensitive locations from its raw data. In the settlement, the FTC expressed worry about the possible abuse of location data, claiming that selling it might put people in danger of harassment, assault, or discrimination. Digital Envoy acquired Outlogic, formerly known as XMode, in 2021. Read More..

B2B Tech News | 2 years ago          



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