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Elon Musk and Netanyahu Discuss X PaytoPlay

Elon Musk stated that users of X previously Twitter could have to pay for access to the site to battle bots during a chat with Israeli Prime Minister

Elon Musk stated that users of X previously Twitter could have to pay for access to the site to battle bots during a chat with Israeli Prime Minister Benjamin Netanyahu. He emphasised that even a small fee would effectively dissuade bots. In the US, X now provides a premium service called X Premium for $8 monthly. However, access is still free. Musk is studying possibilities with lower pricing tiers to make it affordable for more customers. He believes this action will be the main barrier against the spread of bots. However, it could affect user numbers and advertising revenue, which is an essential source of money for X. Read More..

B2B Tech News | 1 years ago          

Chinas MIIT Leads Global Metaverse Standards Initiative

Chinas Ministry of Industry and Information Technology MIIT is taking action to set the bar for international norms in the metaverse industry. Since m

Chinas Ministry of Industry and Information Technology MIIT is taking action to set the bar for international norms in the metaverse industry. Since metaverse technology is one of nine developing tech fields that need standards, MIIT has suggested forming a working committee to develop them. The lack of a standard definition for the metaverse, a trendy technological trend since 2021, presents difficulties, as stated by MIIT. For them, standardisation is crucial to fostering the growth of a healthy sector and avoiding market speculation. MIIT sees the metaverse as an integrated innovation incorporating cuttingedge technology as such, they expect it to encourage novel business models and the expansion of the digital economy. Read More..

B2B Tech News | 1 years ago          

Fourth Paradigm Breaks Barriers with DualHong Kong IPO

Initial public offerings IPOs of three Chinese companies are being launched in Hong Kong to raise $280 million. Beijing Fourth Paradigm, a maker of AI

Initial public offerings IPOs of three Chinese companies are being launched in Hong Kong to raise $280 million. Beijing Fourth Paradigm, a maker of AI software, intends to sell 18.4 million shares for between HK$55.60 and HK$61.16 to raise $144 million. Cornerstone investors have already purchased $96.8 million worth of stock, or 70.6% of the IPO, under the leadership of New China Capital Management. On the U.S. "Entity List," Fourth Paradigm offers AI solutions for various industries. Mobile gaming operator ZX Inc. and Chinese cloud hospital platform Neusoft Xikang also have IPO price ranges of $81 to $101 million and $27 to $34 million, respectively. Read More..

B2B Tech News | 1 years ago          

Bank of Montreal Shifts Focus as Auto Finance Business Gets the Boot

There will be unspecified employment losses due to the Bank of Montreals BMO decision to end its indirect retail vehicle lending operations in Canada

There will be unspecified employment losses due to the Bank of Montreals BMO decision to end its indirect retail vehicle lending operations in Canada and the US. This choice comes after BMO increased its lousy debt provisions from C$136 million to C$492 million, reflecting the rising financial strain that clients are experiencing as a result of rising borrowing costs. BMO works with automobile dealerships in this auto finance area to assist with buyer financing. The bank wants to focus its resources on markets with a competitive advantage while helping affected workers through the transition. Most of the consumer loans in BMOs portfolio are vehicle and home equity loans, with rising delinquency rates reflecting consumers financial struggles in the face of rising interest rates. Read More..

B2B Tech News | 1 years ago          

Yen Dips Amid Speculation of Bank Of Japan Policy Shift

In Asian trade, the yen decreased, the pound rose slightly, and the dollar didnt change. Upcoming central bank meetings and a holiday in Japan account

In Asian trade, the yen decreased, the pound rose slightly, and the dollar didnt change. Upcoming central bank meetings and a holiday in Japan account for this steadiness. With talk of a departure from ultraloose monetary policy, the Bank of Japan meeting is in the spotlight. In contrast, analysts anticipate that the U.S. Federal Reserve will maintain its current course while the Bank of England may raise interest rates. Although the yen has recently declined, the week before the BOJ meeting may be unpredictable due to the possibility that Governor Uedas remarks need to be understood. Investors look forward to information on BOJ rate policy and the trajectory of rate increases. Read More..

B2B Tech News | 1 years ago          

Evergrande Stock Plunges 25% Amidst Police Detentions

After the authorities detained some employees in its wealth management section, shares of China Evergrande Group, the heavily indebted real estate dev

After the authorities detained some employees in its wealth management section, shares of China Evergrande Group, the heavily indebted real estate developer at the heart of Chinas real estate crisis, fell by 25%. This development raises the possibility of a fresh inquiry, worsening Evergrandes financial problems. Since late 2021, Evergrande has struggled with a string of defaults, raising fears of market contagion. Although specifics, such as the number of prisoners and the charges, are unknown, the police action is related to illegal forced measures imposed against people at Evergrande Financial Wealth Management Co. The business recently disclosed a firsthalf net loss of 33 billion yuan $4.5 billion and has delayed making an offshore choice. Read More..

B2B Tech News | 1 years ago          

Amazon Revolutionizes Product Listings with New AI Tool

Amazon has made A generative AI tool available to simplify its ecommerce platform for vendors. Users of this tool can enter a brief product descriptio

Amazon has made A generative AI tool available to simplify its ecommerce platform for vendors. Users of this tool can enter a brief product description, and Amazons AI will create the language needed for product listings. Before publishing it on the marketplace, sellers can edit the automatically created content. The AI tool uses an Amazon “Large Language Model” LLM initially created for Alexa. Numerous applications on this LLM have hundreds of millions of endpoints. Amazon hopes to increase listing quality, consistency, and engagement with this AI tool, enabling better product knowledge inference and enhanced content production. Read More..

B2B Tech News | 1 years ago          

Google DeepMind CoFounder Foresees the Rise of Interactive AI

Cofounder of Google DeepMind and CEO of Inflection AI Mustafa Suleyman thinks that generative AI, which generates material like writing or graphics, i

Cofounder of Google DeepMind and CEO of Inflection AI Mustafa Suleyman thinks that generative AI, which generates material like writing or graphics, is only a passing phase in the evolution of AI. He believes that interactive AI, or AI that can collaborate with people and other technology to carry out tasks while respecting user preferences is what the future holds. According to Suleyman, this represents a massive transition in technology where interactive AI will take precedence over the existing static technology. He predicted in an earlier statement that AI helpers would become widely used in five years. His business developed Pi, a chatbot for individual guidance and interactions, to compete with ChatGPT. Some individuals are concerned that excessive generative AI may decrease online traffic on websites like ChatGPT, and Suleymans perspective supports this concern. Read More..

B2B Tech News | 1 years ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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