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China Launches $47.5 Billion Semiconductor Investment Fund for Chip SelfSufficiency

With a $47.5 billion registered capital, China has opened its third statebacked chip investment fund to become selfsufficient in chip manufacturing. T

With a $47.5 billion registered capital, China has opened its third statebacked chip investment fund to become selfsufficient in chip manufacturing. The China Integrated Circuit Industry Investment Fund was created on May 24 and is the biggest fund. China Development Bank Capital is the secondlargest stakeholder, with a 17% interest held by the countrys financial government. Central Chinese banks and seventeen other organisations are among the investors. The fund intends to concentrate on chip fabrication equipment and is in the process of appointing investment management firms. This action coincides with tighter U.S. export regulations on sophisticated chips, which makes Chinas need to create its semiconductor industry even more pressing. Read More..

B2B Tech News | 2 months ago          

PakistanBased Hacking Group Targets Indian Government and Defense Sectors in Fresh Cyberattacks

Hacking organisation Transparent Tribe, located in Pakistan, has used crossplatform malware such as Python, Golang, and Rust to launch new cyberattack

Hacking organisation Transparent Tribe, located in Pakistan, has used crossplatform malware such as Python, Golang, and Rust to launch new cyberattacks against the Indian government, defence, and aerospace industries. Spearphishing attacks make use of trustworthy internet services like Google Drive and Discord. Key businesses associated with Indias Department of Defence Production are among the targets these include, most likely, Bengalurubased BEML Limited, Bharat Electronics Limited, and Hindustan Aeronautics Limited. Transparent Tribe, commonly known as APT36, has been conducting cyber espionage in South Asia and the Middle East since 2013. It has been operational since 2013. Recent strategies include leveraging Golangcompiled programmes for broad data exfiltration and system control, communicating commands over Discord, and delivering Pythonbased trojans via Telegram. Their continued attacks highlight their intention to undermine Indias national security apparatus. Read More..

B2B Tech News | 2 months ago          

Google I/O 2024 AI Overview Replaces Search Results, Some Summaries Deemed Questionable

Google introduced its AI Overview feature to the public during Google I/O 2024. This feature replaces standard search results with summaries created b

Google introduced its AI Overview feature to the public during Google I/O 2024. This feature replaces standard search results with summaries created by AI. Users have reported dubious and occasionally harmful summaries, such as recommending eating pebbles or looking at the sun, in response to the Search Generative Experience first introduced in the US. The results have been mixed. Google has had similar problems before in February, for example, it had to suspend an imagegenerating function for its AI chatbot because of errors. Although it admits to having issues, Google says these are uncommon. A Google representative told Business Insider that while most AI Overviews offer highquality information, faulty summaries frequently contain unusual or manipulated questions. Google is attempting to enhance the system and fix these mistakes. Read More..

B2B Tech News | 2 months ago          

U.S. Drug Distributor Cencora Discloses Personal Data Theft in Cyberattack

Earlier this year, a hack and data breach resulted in the theft of personal and sensitive medical information belonging to impacted individuals, as di

Earlier this year, a hack and data breach resulted in the theft of personal and sensitive medical information belonging to impacted individuals, as disclosed by U.S. pharmacy distributor Cencora formerly AmerisourceBergen Corp. The corporation made the event public in February when it was revealed that data—possibly including personal information—had been taken from its servers. Even though there isnt any proof that the data was abused or made public, Cencora is letting people know and offering options to help safeguard their data. TechCrunch initially reported this development. AmerisourceBergen Specialty Group ABSG, a division of Cencora, explained that the stolen data comprised first and last names and prescriptions and was connected to a prescription supply programme. Read More..

B2B Tech News | 2 months ago          

Elon Musk’s xAI to Develop Supercomputer for Next AI Chatbot Version, Grok

According to The Information, Elon Musk recently told investors that his AI business, xAI, intends to construct a supercomputer to power the next iter

According to The Information, Elon Musk recently told investors that his AI business, xAI, intends to construct a supercomputer to power the next iteration of its AI chatbot, Grok. Musk hopes to get the supercomputer up and running by the autumn of 2025. Hes thinking about working with Oracle to improve it further. The supercomputer would be at least four times larger than the most significant GPU clusters today, using Nvidias flagship H100 GPUs. The data centre AI chips market is dominated by Nvidias H100 GPUs, which are hard to come by and highly sought after. As a rival to OpenAI and Googles AI efforts, Musk launched xAI. It takes roughly 20,000 Nvidia H100 GPUs to train the Grok 2 model, and about 100,000 H100 GPUs are needed for future models. Read More..

B2B Tech News | 2 months ago          

Mai Labs Launches Metaverse Platform Mayaaverse in India, Expands into AI and Blockchain

On May 22, the Grand Caymanbased Web3 company Mai Labs debuted their metaverse platform, "Mayaaverse," in India. The business also unveiled the Lumyn

On May 22, the Grand Caymanbased Web3 company Mai Labs debuted their metaverse platform, "Mayaaverse," in India. The business also unveiled the Lumyn XR virtual reality headset at an event in Delhi. Mai Labs is breaking into the domains of blockchain, AI, and the metaverse with these technologies. Built on the Zero blockchain, Mai Labs Mayaaverse presents itself as a pioneer in the extended reality XR field by providing virtual environments for companies, educational institutions, and artists. The platform has virtual shops, historical towns for historical investigation, religious places, and live performance spaces. With the support of international investors, Mai Labs has already collected more than $17.5 million and is looking to raise an additional $50 million to reach a $500 million value. Read More..

B2B Tech News | 2 months ago          

Google to Produce Pixel Smartphones in Indias Tamil Nadu State with Foxconn Partnership

According to reports, Alphabets Google and Taiwans Foxconn are preparing to make Pixel smartphones in Tamil Nadu, India. According to sources, Foxconn

According to reports, Alphabets Google and Taiwans Foxconn are preparing to make Pixel smartphones in Tamil Nadu, India. According to sources, Foxconns current Tamil Nadu plant will produce the newest Pixel models. This move aligns with a broader trend among global manufacturers to diversify their supply chains away from China, considering India a viable alternative. The decision followed negotiations between Tamil Nadu officials and Google executives. Interestingly, this investment in Tamil Nadu differs from the previously announced partnership between Dixon and Google for Indian smartphone manufacturing. Authorities in Tamil Nadu, Foxconn, and Google have yet to respond to requests for comment. Read More..

B2B Tech News | 2 months ago          

Itochu Partners with Google to Advance Renewable Energy Goals in Japan

Itochu signed a longterm power supply agreement with Google on Friday, marking a significant milestone that would help the internet giant achieve its

Itochu signed a longterm power supply agreement with Google on Friday, marking a significant milestone that would help the internet giant achieve its goals in Japan with renewable energy. Itochu wants to start supplying Google with solar electricity in 2024 through its portfolio firm, Clean Energy Connect CEC. It can deliver up to 72 megawatts by 2026. This calculated action demonstrates Itochus dedication to the renewable energy industry, especially in addressing the growing need brought on by data centre operations and generative artificial intelligence. The partnership strengthens Itochus position as a major player in Japans renewable energy sector. It represents a significant step towards Googles sustainability ambitions. Read More..

B2B Tech News | 2 months ago          



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