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Abscis AI Biologics Model Secures $247 Million Collaboration with AstraZeneca

AstraZeneca and the American AI biologics company Absci have agreed on a partnership that might be valued up to $247 million to create a generative AI

AstraZeneca and the American AI biologics company Absci have agreed on a partnership that might be valued up to $247 million to create a generative AI model for creating an antibody to combat cancer. Absci designs pharmacological candidates with artificial intelligence, maximising characteristics including target affinity, safety, and manufacturability. The partnership comprises milestone payments, royalties on product sales, an upfront fee, and funds for research and development. The precise cancer kind that is being targeted has not been made public. Sean McClain, CEO of Absci, took delight in using AI to provide cancer patients with cuttingedge therapies. When asked by the media for comments on the agreement, AstraZeneca has yet to respond. Read More..

B2B Tech News | 2 months ago          

MacOS Faces Ransomware Surge with Turtle Wardles InDepth Analysis

Patrick Wardle, a security researcher, has examined Turtle, a brandnew macOS malware. The virus was created initially for Windows and subsequently mig

Patrick Wardle, a security researcher, has examined Turtle, a brandnew macOS malware. The virus was created initially for Windows and subsequently migrated to macOS. Twentyfour antimalware programs on VirusTotal classified Turtle as harmful despite not being a particularly complex threat. The virus loads files into memory, renames them, encrypts them using AES in CTR mode, and then replaces the original data in the files with the encrypted version. Filenames are prefixed with "TURTLERANSv0." The virus on macOS indicates that the platform is becoming a more popular target for ransomware writers. Read More..

B2B Tech News | 2 months ago          

Ransomware and Data Theft Incident Affects 437,400 Individuals, Proliance Surgeons Reports

Proliance Surgeons, a surgical organisation located in Seattle, is notifying about 437,400 people that there was a possible ransomware and data theft

Proliance Surgeons, a surgical organisation located in Seattle, is notifying about 437,400 people that there was a possible ransomware and data theft event earlier this year that may have exposed their personal information. Some IT systems and files were encrypted during the hack, and hackers removed a few due to unauthorised access. Proliance Surgeons started alerting people and initiating an investigation right away. The practice found via a thorough forensics analysis that further files that may have contained sensitive data had been accessed by hackers. Personal data, including names, birthdates, Social Security numbers, medical details, contact information, and financial credentials, has been compromised in the security breach. Proliance Surgeons is taking action to improve its existing cybersecurity protocols. Read More..

B2B Tech News | 2 months ago          

Challenges in EU as Lawmakers Struggle to Agree on Generative AI Regulation in AI Act

Legislators in the European Union need help reaching a consensus on how to govern generative AI, which includes ChatGPT systems, as part of the planne

Legislators in the European Union need help reaching a consensus on how to govern generative AI, which includes ChatGPT systems, as part of the planned AI Act. Foundation models—like those created by Microsoftbacked OpenAI—represent a significant obstacle in the talks. Some experts in France, Germany, and Italy support letting generative AI model developers selfregulate. In contrast, others suggest a tiered system for controlling foundation models depending on user numbers. The AI Act attempts to control artificial intelligence in the EU. This might be in jeopardy due to disagreements on these and other issues. The last negotiations are set for December 6, and should an agreement not be reached, the act could be shelved because of a deadline for European parliamentary elections next year. Read More..

B2B Tech News | 2 months ago          

OpenAI Pushes Back Launch of Custom GPT Store to 2024

The opening of OpenAIs unique GPT shop has been postponed until early 2024, according to an internal memo seen by Reuters. At its inaugural developer

The opening of OpenAIs unique GPT shop has been postponed until early 2024, according to an internal memo seen by Reuters. At its inaugural developer conference in November, the business unveiled the store and customised GPTs, with plans to offer them later that month. According to OpenAI, the wait is necessary so that GPTs may continue to be improved based on user input. This news coincides with internal corporate restructuring, which includes CEO Sam Altmans dismissal and reappointment. Users can share and profit from their personalised GPTs through the shop, which is made to carry out realworld chores. Read More..

B2B Tech News | 2 months ago          

Walmart Distances Itself from X Amid Antisemitic Content Concerns

Walmart declared that it will no longer run advertisements on X previously Twitter, adding its name to the list of businesses that have shunned the pl

Walmart declared that it will no longer run advertisements on X previously Twitter, adding its name to the list of businesses that have shunned the platform since Elon Musk bought it in October 2022. The action was taken in response to worries over antisemitic content on X, which caused sponsors to leave recently. Elon Musks divisive remarks, which include supporting untrue assertions about the Jewish community, have made it harder for the platform to draw in new sponsors. Several other wellknown companies, including Apple, Walt Disney, and Warner Bros. Discovery, have also halted their advertisements on X due to worries over their placement next to antisemitic messages. Read More..

B2B Tech News | 2 months ago          

Bitcoins Near 19Month High Boosts Crypto Miners and Companies

Shares of cryptocurrency miners and companies that track Bitcoin prices rose due to the cryptocurrency reaching a nearly 19month high, now trading at

Shares of cryptocurrency miners and companies that track Bitcoin prices rose due to the cryptocurrency reaching a nearly 19month high, now trading at $38,337. The spike and potential attraction of more financial investments are attributed to the growing confidence surrounding approving a Bitcoin spot exchangetraded fund ETF. The share prices of bitcoin miners TeraWulf, Marathon Digital, and Riot Platforms increased by 1.7% to 4%. Businesses mining Bitcoin also increased their output because of the prospect of a 2024 "halving" event, in which the incentives for producing new coins are halved. The major causes of the overall positive sentiment are growing expectations for a spot ETF and the removal of uncertainties, such as concerns about regulations and quicker money creation in 2024. Read More..

B2B Tech News | 2 months ago          

US Tightens Rules on Chinese Content in EV Batteries for Tax Credits

With effect from next year, the Biden administrations guidelines will limit the amount of Chinese material in batteries that qualify for electric vehi

With effect from next year, the Biden administrations guidelines will limit the amount of Chinese material in batteries that qualify for electric vehicle EV tax credits. In a move that benefits automakers, the US Treasury will temporarily exclude several trace essential minerals from the new, stringent regulations. Based on legislation passed in August 2022, the regulations are meant to lessen the US EV battery supply chains reliance on China. The Foreign Entity of Concern FEOC regulations will go into force for essential minerals in 2025 and finished batteries in 2024. Proposing a twoyear exception for trace elements, the Alliance for Automotive Innovation deemed the move "significant and welladvised." Read More..

B2B Tech News | 2 months ago          



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