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South Koreas President Unveils $6.94 Billion AI Investment to Boost Semiconductor Sector

President Yoon Suk Yeol proposed a 9.4 trillion won $6.94 billion investment in artificial intelligence to strengthen South Koreas leadership in semic

President Yoon Suk Yeol proposed a 9.4 trillion won $6.94 billion investment in artificial intelligence to strengthen South Koreas leadership in semiconductor chips by 2027. This project intends to compete with countries like the United States, China, and Japan to build semiconductor supply chains. It includes a 1.4 trillion won fund for AI semiconductor manufacturers. Yoon called the current semiconductor competition an "industrial war" and underlined the need for significant research and development in artificial intelligence AI chips, such as neural processing units NPUs and highbandwidth memory chips, given the critical role that semiconductors play in South Koreas exportdriven economy. Yoon hopes to see South Korea rise to the top three in AI technology and capture 10% of the world market for system semiconductors by 2030. Read More..

B2B Tech News | 2 months ago          

HSBC Sells Argentina Business to Grupo Financiero Galicia for $550 Million

HSBC Holdings reported a $1 billion pretax loss in the first quarter of fiscal 2024 due to selling its Argentina division to Grupo Financiero Galicia

HSBC Holdings reported a $1 billion pretax loss in the first quarter of fiscal 2024 due to selling its Argentina division to Grupo Financiero Galicia for $550 million. This action is consistent with HSBCs Asia pivot plan, which focuses on Asia, especially China and India. The banking, asset management, insurance, and $100 million in subordinated debt are all included in the Argentina business. Noel Quinn, the chief executive of HSBC Group, emphasised the transactions significance in carrying out their plan while highlighting HSBC Argentinas restricted access to their global network. This divestment comes after HSBCs recent withdrawals from several industries and nations, including France and Canada. Read More..

B2B Tech News | 2 months ago          

Enhanced Convenience Find My Device App Integrates Bluetooth Tags for Item Tracking

With its array of capabilities, the new Find My Device app provides improved security and convenience. 1. Offline Device Tracking Use the unique t

With its array of capabilities, the new Find My Device app provides improved security and convenience. 1. Offline Device Tracking Use the unique technology of the Pixel 8 and 8 Pro to track the position of your devices, even when they are off the grid or running on a low battery. 2. Bluetooth Tag Integration Use reputable brands like Chipolo and Pebblebee to track commonplace objects like wallets and keys. Support for more brands will be added shortly. 3. "Find Nearby" Button This feature makes it easy to find nearby products quickly with a single press, especially in an emergency. 4. Integration with Nest gadgets This feature makes it easier to find often missing goods by pinpointing lost gadgets close to home Nest devices. 5. Accessory Sharing Work together with friends and family to share accessories so that you can track them together and be ready for any misplacements. Read More..

B2B Tech News | 2 months ago          

Elon Musk Forecasts AI Surpassing Human Intelligence by 2026

Elon Musk, the CEO of Tesla, forecasted that by 2026 or as early as next year, AI will be more intelligent than the most intelligent human might be cr

Elon Musk, the CEO of Tesla, forecasted that by 2026 or as early as next year, AI will be more intelligent than the most intelligent human might be created. In an interview, Musk talked about how the availability of power restricts the development of AI and how his xAI business, Grok 2, trained its model. By pointing out that training the Grok 2 model required 20,000 Nvidia H100 GPUs and that further models would require even more chips, he brought attention to the problem of chip shortages. Regarding the current union action against Tesla in Sweden, Musk discussed the competitive challenge Chinese automakers offer Tesla in the electric vehicle industry and expressed optimism about the situation. Read More..

B2B Tech News | 2 months ago          

B Riley Financial Subsidiary Targus International Discloses Unauthorized Access Incident

B Riley Financial revealed that on April 5, a threat actor gained unauthorised access to specific file systems at Targus International and its affilia

B Riley Financial revealed that on April 5, a threat actor gained unauthorised access to specific file systems at Targus International and its affiliates, which are indirect subsidiaries of the investment bank. The situation has been confined, recovery efforts are underway, and investigations are ongoing. Even though the intrusion momentarily hampered Targus commercial activities, B Riley said in a regulatory filing that it does not currently foresee a significant impact on its financial position. The Los Angelesbased business is still keeping a careful eye on things. At the same time, it attempts to deal with the fallout from the security incident. Read More..

B2B Tech News | 2 months ago          

Microsofts New AI Hub in London Led by Google DeepMind Cofounder Signals Strategic Investment

Microsoft has signalled its strategic commitment to AI product development and research by introducing a new artificial intelligence facility in Londo

Microsoft has signalled its strategic commitment to AI product development and research by introducing a new artificial intelligence facility in London, headed by Mustafa Suleyman, cofounder of Google DeepMind. As the principal sponsor of OpenAI, Microsoft hopes to keep up its position as the industry leader in AI even as competition for talent in Europe heats up. This action is in line with Britains ambitions to bolster its standing as a technological powerhouse after holding the worlds firstever summit on AI safety. Microsofts pledge to spend £2.5 billion $3.16 billion in data centre infrastructure and AI skills development in Britain highlights its commitment to promoting innovation and economic growth in the area, even though the precise number of jobs generated is yet unknown. Suleyman highlighted the UKs commitment to advancing AI responsibly, emphasizing collaboration between government, businesses, and academia to drive investment and innovation. Read More..

B2B Tech News | 2 months ago          

Data Security in Focus boAt Initiates Probe into Alleged Customer Data Leak

Prominent Indian audio and wearable business boAt has initiated an instant inquiry in response to alarming claims of a possible data breach impacting

Prominent Indian audio and wearable business boAt has initiated an instant inquiry in response to alarming claims of a possible data breach impacting over 7.5 million consumers. "boAt is aware of recent claims regarding a potential data leak involving customer information," a business spokeswoman said, reaffirming the companys commitment to placing a high priority on data security. Following the publication of these findings, swift action was taken, underscoring boAts commitment to protecting the security and privacy of its clients information. Thanks to its costeffective products and focus on domestic production, boAt emerged as the market leader in true wearable stereo TWS devices in India last year, growing by 39% yearly. Read More..

B2B Tech News | 2 months ago          

TSMC Reassures Markets FullYear Revenue Unaffected by Earthquake

Concerns about an interruption to the worlds supply of semiconductors were allayed on Friday when Taiwan Semiconductor Manufacturing Co. TSMC reassure

Concerns about an interruption to the worlds supply of semiconductors were allayed on Friday when Taiwan Semiconductor Manufacturing Co. TSMC reassured that the large earthquake on April 3 would not impact its fullyear revenue. As stated in January, the business stuck to its fullyear sales target of a lowtomidtwenties percentage increase. The majority of the equipment in Taiwan fabs had entirely recovered by Friday, according to TSMC, the largest contract chipmaker in the world, even if other production lines in the impacted areas were more severely damaged. The business is giving clients the required updates while thoroughly assessing the circumstances. After a day off for inspections, work at TSMCs construction sites returned to normal on Thursday. Read More..

B2B Tech News | 2 months ago          



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