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Suez Canal Revenues Plummet by $7 Billion in 2024 Amid Regional Turmoil

President Abdel Fattah alSisi claimed that Egypts earnings from the Suez Canal had fallen by over $7 billion in 2024. Compared to 2023, this represent

President Abdel Fattah alSisi claimed that Egypts earnings from the Suez Canal had fallen by over $7 billion in 2024. Compared to 2023, this represents a startling drop of more than 60% nevertheless, Sisi did not elaborate on the circumstances that resulted in this loss. The significant decline in revenue is ascribed to persistent regional issues, specifically the over 100 strikes on ships in the Red Sea that Yemeni Houthi fighters have carried out since November. Amid the protracted conflict in Gaza, these attacks carried out in sympathy with Palestinians, have forced shipping corporations to divert ships across Africa rather than via the canal. Due to this diversion, international trade has been affected, resulting in higher shipping costs and delivery delays. Read More..

B2B Tech News | 3 months ago          

Bank of Japan Forecasts Potential $13 Billion Loss Amid Plans to Raise Interest Rates

According to projections released by the Bank of Japan, if shortterm borrowing prices increase to 2%, it might experience a shortterm loss of up to $1

According to projections released by the Bank of Japan, if shortterm borrowing prices increase to 2%, it might experience a shortterm loss of up to $13 billion. According to this prediction, published in a recent study, the BOJ plans to raise shortterm interest rates gradually to 0.25%, which is considered neutral for the economy. The projections indicate that the BOJ may experience a yearly net loss of roughly 2 trillion yen in fiscal years 2027 and 2028 if shortterm rates rise to 2% with a widening yield differential. Earnings are anticipated to increase by fiscal 2031, though. After 10 years of heavy stimulus, the BOJ is pursuing sustainable inflation targets, tightening policy, and cutting bond purchases. Read More..

B2B Tech News | 3 months ago          

South Korea’s Exports Surge 4.0% in December, Marking 15th Month of Growth

According to a Reuters survey, South Koreas exports are expected to have grown by 4.0% in December, continuing their 15th straight month of growth. Th

According to a Reuters survey, South Koreas exports are expected to have grown by 4.0% in December, continuing their 15th straight month of growth. This comes after Novembers 1.4% increase. Despite this encouraging development, economists predict that possible U.S. tariffs will slow down export momentum in the upcoming year, significantly harming South Koreas crucial commercial connection with China. Some manufacturers are cutting production due to uncertainty surrounding trade policies following Donald Trumps election. The overall demand for South Korean goods is anticipated to decline despite the continued strength of semiconductor exports. In addition, a 4.6% increase in imports is expected, and a $4.21 billion trade surplus is projected for December. Read More..

B2B Tech News | 3 months ago          

OpenAI’s ChatGPT Faces Major Disruption Linked to Microsoft Data Center Outage

OpenAIs API, ChatGPTs AI chatbot, and its texttovideo tool, Sora, were all impacted by a major outage that began at 130 P.M. ET on Thursday. "Internal

OpenAIs API, ChatGPTs AI chatbot, and its texttovideo tool, Sora, were all impacted by a major outage that began at 130 P.M. ET on Thursday. "Internal server error" warnings were sent to users, and around 200 P.M. ET, OpenAI confirmed significant error rates on its status page. By 615 P.M. ET, Sora had resumed operations, and APIs had started to recover, but ChatGPT was still partially down. A power failure at its South Central US data centre was attributed to an "upstream provider," most likely Microsoft, OpenAIs cloud partner. Xbox Cloud gameplay, storage, and APIs were all impacted. 5 P.M. ET restored power, but after other recent ChatGPT disruptions, the incident underscores the risks of cloudreliant systems. Read More..

B2B Tech News | 3 months ago          

Alibaba Unveils QVQ72B Advanced Visual AI Model Outperforms Rivals

The QVQ72B is an opensource AI model with sophisticated visual reasoning capabilities unveiled by Alibabas Qwen research team. The model can effective

The QVQ72B is an opensource AI model with sophisticated visual reasoning capabilities unveiled by Alibabas Qwen research team. The model can effectively comprehend visual input and respond to difficult questions by combining reasoningfocused functions with picture analysis. It exceeded OpenAIs o1 model on the MathVista mini exam with 71.4% accuracy, achieving noteworthy benchmark scores. Moreover, QVQ72B demonstrated notable performance gains with a score of 70.3% on the Multimodal Massive Multitask Understanding MMMU benchmark. Notwithstanding its advantages, there are drawbacks, like recursive reasoning cycles and languageswitching problems. This release continues Alibabas practice of introducing cuttingedge AI models in opensource platforms, such as QwQ32B and Marcoo1. Read More..

B2B Tech News | 3 months ago          

OpenAI Faces Delays in GPT5 Development Due to Data Shortages and High Costs

The lack of training data and the expensive development expenditures have caused significant delays in OpenAIs GPT5, codenamed Orion, development. The

The lack of training data and the expensive development expenditures have caused significant delays in OpenAIs GPT5, codenamed Orion, development. The model has taken far longer to construct than expected—more than 18 months. Its two monthslong, intensive training sessions cost over $500 million each but did not produce the expected breakthroughs. Given its operating costs, GPT5 is not lucrative enough because it is slightly better than current models. Microsoft, OpenAIs most prominent supporter, allegedly anticipated a mid2024 delivery, but the exact date is now unknown. Although more training sessions are required, the models economic viability may be questioned due to potential delays caused by restricted data resources. Read More..

B2B Tech News | 3 months ago          

Microsoft Unveils AIOpsLab OpenSource AI Framework for Cloud Operations

Microsoft unveiled AIOpsLab, an opensource AI framework for creating and improving cloudbased agents designed to tackle operational issues like failur

Microsoft unveiled AIOpsLab, an opensource AI framework for creating and improving cloudbased agents designed to tackle operational issues like failure detection and mitigation. With the help of Azure AI Agent Service, AIOpsLab offers a standardised platform that provides scalability and integration by separating agents from application services through an intermediary interface. For accurate telemetry data monitoring, it has an observability layer, workload, and fault generator that mimics realworld situations. The framework encourages methodical problemsolving, tailored explicitly for incident detection, root cause analysis, and mitigation. AIOpsLab, accepted at ACM SoCC24, is now accessible on GitHub under an MIT license, enabling developers to improve cloud operations with creative and expandable AI solutions. Read More..

B2B Tech News | 3 months ago          

Nvidia’s Jim Fan Foresees AI Robots Mastering Skills in Virtual Digital Twins

In the future, AI robots will be trained in lifelike digital simulations, gaining proficiency in virtual situations before smoothly integrating into t

In the future, AI robots will be trained in lifelike digital simulations, gaining proficiency in virtual situations before smoothly integrating into the real world, according to Jim Fan of Nvidia. To educate embodied AI agents—robots attached to real or virtual bodies—he cited Tokyos development of a 3D digital twin as a forerunner to a trend in which cities, residences, and factories are digitally recreated. Robots will collaborate to learn from various situations and coordinate intricate activities according to a fans prediction. A good example of this change is Nvidias Omniverse platform, which was utilised to create its headquarters. This method might generate trillions of highquality training tokens, allowing AI systems to instantly adapt to realworld problems and transforming the scalability and efficiency of robots in everyday life and industry. Read More..

B2B Tech News | 3 months ago          



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