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Rich Data Co Raises $17.5 Million in Series B Funding Round Led by Westpac and nCino

Rich Data Co RDC, a software startup in Sydney, has raised $17.5 million in a Series B fundraising round headed by nCino and Westpac. RDC helps banks

Rich Data Co RDC, a software startup in Sydney, has raised $17.5 million in a Series B fundraising round headed by nCino and Westpac. RDC helps banks make more accurate loan choices by giving them insights into borrower behaviour with explainable artificial intelligence AI. With this new finance, RDC will quickly expand into North America after previously concentrating on international markets such as China, Vietnam, and North America. In 2020, the business joined Neobank Judo and National Australia Bank to access the Australian market. By upending current lending practices and strengthening its position as a leader in the AI decisionmaking market, the investment will enable RDC to improve its AI decisionmaking platform. Read More..

B2B Tech News | 2 months ago          

TikTok Expands European Presence with Acquisition of Data Centre in Norway

After purchasing a data centre from Green Mountain AS in Norway, TikTok now owns the social media firms most significant data centre in Europe. Byteda

After purchasing a data centre from Green Mountain AS in Norway, TikTok now owns the social media firms most significant data centre in Europe. Bytedance, a Chinese company, owns TikTok, which stores user data locally in Europe to ease worries about data privacy. Concerns about Chinese government access to European TikTok users data have been raised, which led to the decision. When it opens for business in the summer of next year, the data centre in Hamar, Norway, will run on renewable energy and produce heat that may be recycled. Over the next ten years, TikTok will invest €12 billion in Project Clover, a data security program. Read More..

B2B Tech News | 2 months ago          

Broadcom Embeds AI Capabilities in Trident 5X12 Networking Processors for Enhanced Efficiency

To improve the performance and taskhandling capabilities of its Trident networking processors, especially in data centres, Broadcom has included artif

To improve the performance and taskhandling capabilities of its Trident networking processors, especially in data centres, Broadcom has included artificial intelligence characteristics into the most recent version of the chip. Using 5nanometer manufacturing technology, the Trident 5X12 microprocessor has characteristics including higher network bandwidth and lower power usage. The AI capabilities aim to reduce network traffic congestion by addressing data movement inside large AI clusters. Customers may set the chip to recognise specific sorts of harmful traffic, including denialofservice assaults or congestion, after building AI models based on their data centre traffic. Read More..

B2B Tech News | 2 months ago          

Daikin Partners with TSMC for Custom Semiconductors to Boost Air Conditioner Efficiency

Japanese air conditioner maker Daikin Industries uses specially designed semiconductors to save energy. Customising logic chips for the inverters used

Japanese air conditioner maker Daikin Industries uses specially designed semiconductors to save energy. Customising logic chips for the inverters used in its air conditioners is something Daikin is doing in collaboration with the Japanese design business. It is anticipated that the customised chips, which Taiwans TSMC will produce, will provide greater energy efficiency and enable a decrease in the usage of additional components. Daikin hopes to employ the chips in around a fifth of its air conditioners by the end of the decade, starting with highend models in 2025. This action demonstrates a growing trend in businesses using custom chip designs to improve efficiency and performance. Read More..

B2B Tech News | 2 months ago          

EU Reaches Agreement on Cyber Resilience Act to Safeguard Connected Devices

The Cyber Resilience Act, which aims to defend internetconnected gadgets, including computers, refrigerators, mobile apps, and smart devices, against

The Cyber Resilience Act, which aims to defend internetconnected gadgets, including computers, refrigerators, mobile apps, and smart devices, against cyber attacks, has been agreed upon by legislators and EU member states. The law, which the European Commission put out in September 2021, applies to any connected goods directly or indirectly to other networks or devices. It sets cybersecurity standards to design, develop, produce, and market hardware and software products. Manufacturers must evaluate cybersecurity risks, offer conformance declarations, and resolve issues throughout the anticipated product life or for a minimum of five years. The regulations also improve reporting of cyber events and transparency. Compared to the estimated €29 billion in compliance expenses, the EU estimates that these steps might save corporations roughly €290 billion a year. Read More..

B2B Tech News | 2 months ago          

Broadcom Explores Options for VMwares Business Units Post $69 Billion Acquisition

According to reports, EndUser Computing and Carbon Black, two of VMwares business segments, are under consideration for acquisition by American chipma

According to reports, EndUser Computing and Carbon Black, two of VMwares business segments, are under consideration for acquisition by American chipmaker Broadcom. After receiving regulatory permission from China, Broadcom finalised its $69 billion acquisition of VMware on November 22. This action is a part of Broadcoms effort to optimise its business structure through an operational evaluation of VMware. Following the acquisition, VMware will still function as the following four divisions Tanzu, SoftwareDefined Edge, Application Networking and Security, and Cloud Foundation. According to a leaked email from Broadcom CEO Hock Tan to staff, the information is fresh. Regarding the claims, neither VMware nor Broadcom have offered an official statement. Read More..

B2B Tech News | 2 months ago          

Advertiser Exodus Looms for Elon Musks X Following Antisemitism Controversy

Following Elon Musks outburst at media industry executives who halted advertising on his social media network, X formerly known as Twitter, the billio

Following Elon Musks outburst at media industry executives who halted advertising on his social media network, X formerly known as Twitter, the billionaire may see a rise in the number of advertisers quitting the platform. Disney and Warner Bros. Discovery pulled their advertisements from X after Musk supported an antisemitic tweet. Musk later apologised during a diatribe of expletives directed at advertisers during a New York Times DealBook event. According to analysts, more businesses may stop running ads on X, which makes the platforms membership initiatives even more crucial. Musk warned that X might go bankrupt if advertisers continued their boycott, and the company has come under fire for problems with content control. Read More..

B2B Tech News | 2 months ago          

AbbVie to Acquire ImmunoGen for $10.1 Billion in Cash

AbbVie will purchase immunoGen for a cash price of $10.1 billion. This action aligns with an increasing trend in which large pharmaceutical companies

AbbVie will purchase immunoGen for a cash price of $10.1 billion. This action aligns with an increasing trend in which large pharmaceutical companies purchase the creators of antibodydrug conjugates ADC, or "guided missile" cancer treatments. Elahere, an authorised ADC from ImmunoGen for patients with ovarian cancer who have had prior therapy, will be a valuable asset to AbbVie. Through the agreement, AbbVie will also access ImmunoGens portfolio of ADCs, which includes the midstage medication pivekimab sunirine for rare blood cancer and the earlystage candidate IMGN151 for ovarian cancer. With more competition for its bestselling drug, Humira, AbbVie wants to solidify its position in the cancer market with this purchase. Read More..

B2B Tech News | 2 months ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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