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Biden Administration Proposes "Know Your Customer" Regulation for U.S. Cloud Companies

A "know your customer" rule that would force American cloud computing companies to find out if foreign organisations are using American data centres t

A "know your customer" rule that would force American cloud computing companies to find out if foreign organisations are using American data centres to build Artificial Intelligence AI models is being proposed by the Biden administration. U.S. Commerce Secretary Gina Raimondo stressed the necessity of preventing nonstate actors, China, or other undesirable organisations from gaining access to American cloud infrastructure. Under the proposed legislation, cloud firms must ensure that overseas customers are identified through a "knowyourcustomer programme," establish minimum requirements for identifying foreign users, and need yearly compliance certification. The action is a component of the administrations attempts to address national security issues and limit Chinas access to cuttingedge American technologies for AI development. Read More..

B2B Tech News | 2 months ago          

Social Media Platform X Temporarily Blocks Taylor Swift Searches Amid Misinformation

Users are no longer able to search for Taylor Swift on the social media site X previously known as Twitter due to the spread of phoney, sexually graph

Users are no longer able to search for Taylor Swift on the social media site X previously known as Twitter due to the spread of phoney, sexually graphic pictures of the pop star. Swifts name searches returned error messages, and the platform said the step was taken with extreme caution to prioritise safety and was only temporary. The action was taken in response to White House Press Secretary Karine JeanPierres description of the phoney photos as "alarming" and her emphasis on the duty of social media firms to stop the propagation of false information. Swift anticipated attending an NFL playoff game when the search limits were established. Read More..

B2B Tech News | 2 months ago          

China Approves Over 40 AI Models for Public Use in Recent Batch

China allegedly authorised around 40 Artificial Intelligencee AI models for public use in the first half of the year after the licencing procedure was

China allegedly authorised around 40 Artificial Intelligencee AI models for public use in the first half of the year after the licencing procedure was started this is the fourth set of approvals. Last week, 14 Large Language Models LLM were approved by Chinese regulators awardees included Xiaomi, 4Paradigm, and 01. AI. This action reflects Chinas attempts to advance AI technology under supervision and control. In August, Beijing began forcing tech firms to get permission before using their LLMs for public use. Baidu, Alibaba, and ByteDance were among the first to get the goahead. Read More..

B2B Tech News | 2 months ago          

China Evergrande Unit to Sell Stake in Shantou Hengmeng for $19.20 Million

China Evergrande said that one of its subsidiaries has agreed to sell for CNY 137.6 million $19.20 million the entirety of its ownership in Shantou He

China Evergrande said that one of its subsidiaries has agreed to sell for CNY 137.6 million $19.20 million the entirety of its ownership in Shantou Hengmeng Property Development. A joint venture partner in Australia, Redleaf Trading, owns the remaining 65% of Shantou Hengmeng, with Hengda Real Estate Group Yuedong, a unit of Evergrande, controlling the other 65%. With the sale, Evergrande hopes to make around CNY 304 million, which it would utilise to settle its CNY 376 million debt with Shantou Hengyao Property Development. The corporation is attempting to pay off its debts despite its financial difficulties. Read More..

B2B Tech News | 2 months ago          

PayPal Unveils AIDriven Products and OneClick Checkout Feature

PayPals first significant announcement under CEO Alex Chriss is the introduction of new AIdriven goods and a oneclick checkout functionality. Chriss b

PayPals first significant announcement under CEO Alex Chriss is the introduction of new AIdriven goods and a oneclick checkout functionality. Chriss believes that AI presents a vast potential for PayPal, and the new products are meant to capitalise on investors excitement for AI. The business intends to launch a platform that uses AI to assist retailers in reaching out to new clients by using their past purchases. Additionally, retailers can suggest customised products to customers in their email receipts thanks to a programme dubbed "smart receipts" that runs on artificial intelligence. PayPal is also launching new capabilities for Venmo business profiles and Fastlane, a "oneclick" checkout option. Read More..

B2B Tech News | 2 months ago          

Toyota Labor Union Seeks Record Annual Bonus Equivalent to 7.6 Months of Pay

According to reports, the labour union representing Toyota is planning to seek its highest yearly bonus to date, which would be 7.6 months of salary i

According to reports, the labour union representing Toyota is planning to seek its highest yearly bonus to date, which would be 7.6 months of salary instead of the previous record of 7.2 months. The demand results from Toyotas prediction that the fiscal year ending in March 2024 would see recordbreaking consolidated operating earnings of 4.5 trillion yen $30.45 billion. It is also anticipated that the union will pursue sizable monthly wage increases. Major Japanese companies have already declared their intention to increase pay compared to the previous year. The Bank of Japan views the pay negotiations as critical to ending monetary stimulus as they are the means of attaining sustainable inflation and wage growth. Read More..

B2B Tech News | 2 months ago          

Intels Shares Plummet 12% on Disappointing Q1 Revenue Outlook

Following a dismal revenue projection for the first quarter, Intels shares fell by around 12%, potentially resulting in a $25 billion loss in market v

Following a dismal revenue projection for the first quarter, Intels shares fell by around 12%, potentially resulting in a $25 billion loss in market value. The chipmaker needs help keeping up in the AI race and the traditional computer sectors. There are worries that Intel is lagging in the data centre artificial intelligence race due to a slowdown in sales of its core processor chips for PCs and laptops. Although Nvidias AI chips are utilised with Intel CPUs, the business needs to be competitive in the market for AIspecific processors. The gloomy forecast hit the shares of other chipmakers, such as Nvidia, Advanced Micro Devices, Qualcomm, and Micron Technology. Read More..

B2B Tech News | 2 months ago          

Critical Security Vulnerability Fixed in Cisco Unified Communications Solutions

A significant security vulnerability CVE202420253 in Ciscos Unified Communications and Contact Centre Solutions products has been fixed with patches.

A significant security vulnerability CVE202420253 in Ciscos Unified Communications and Contact Centre Solutions products has been fixed with patches. An unauthorised remote attacker may be able to run arbitrary code on a compromised device thanks to this vulnerability. The problem stems from the incorrect handling of data supplied by the user, which makes it possible for a threat actor to transmit a carefully constructed message to a listening port. If the attack is successful, the underlying operating system may be able to execute arbitrary instructions with the rights of the web services user. Cisco suggests that customers block access by implementing access control lists ACLs or applying the updates as soon as possible. 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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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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