Bitcoins excessive volatility and inability to satisfy the IMFs requirements for foreign exchange reserves have led the Bank of Korea BoK, South Korea
Bitcoins excessive volatility and inability to satisfy the IMFs requirements for foreign exchange reserves have led the Bank of Korea BoK, South Koreas central bank, to reject it as a reserve asset. Bitcoin lacks the reserve assets the IMF needs to preserve liquidity, a steady market value, and a trustworthy credit rating. The BoK cautioned that cryptocurrency market volatility could result in increased transaction costs and financial risks. This aligns with other central banks that have rejected Bitcoin as a reserve, such as the one in Switzerland. To maintain economic stability in the nations changing digital asset landscape, the BoK is concentrating on creating regulatory standards for corporate cryptocurrency participation rather than adding Bitcoin to its reserves. B2B Tech News | 2 months ago
The gold price is expected to hit $3,100 per ounce in three months and $3,200 per ounce in six months, according to ANZ Banks updated projection. The
The gold price is expected to hit $3,100 per ounce in three months and $3,200 per ounce in six months, according to ANZ Banks updated projection. The economic uncertainty associated with U.S. President Donald Trumps tariff policy caused gold to soar beyond $3,000 an ounce. Geopolitical concerns, loosening monetary policy, and robust central bank purchases are all blamed for the increase. Gold has risen more than 14% this year, reaching 14time highs. In addition to reducing liquidity in the London spot gold market, import duties have caused spreads on Comex futures to widen. Silver prices are expected to fluctuate between $34 and $36 an ounce, with demand from investors having a significant impact. B2B Tech News | 2 months ago
Compared to the 132.9 billion Swiss francs sold in 2023, the Swiss National Bank SNB bought 1.2 billion Swiss francs $1.36 billion in foreign currenci
Compared to the 132.9 billion Swiss francs sold in 2023, the Swiss National Bank SNB bought 1.2 billion Swiss francs $1.36 billion in foreign currencies in 2024. This adjustment aligns with the SNBs plan to keep inflation at 1.1% in 2024, within its target range of 02%. As stated in December 2023, the bank stopped selling foreign currency after attaining price stability to fortify the franc and reduce import inflation. On Thursday, the SNB is expected to announce its following monetary policy. B2B Tech News | 2 months ago
According to reports, Googles Gemini 2.0 Flash AI model can successfully erase watermarks from photographs, including those from stock media companies
According to reports, Googles Gemini 2.0 Flash AI model can successfully erase watermarks from photographs, including those from stock media companies like Getty photographs. Although it might have trouble with heavy or semitransparent watermarks, users have found that the model can recreate the underlying material when watermarks are removed. Since eliminating watermarks without agreement is generally prohibited by U.S. copyright law, this capacity has raised ethical and legal issues. On the other hand, Anthropic and Open AI models are restricted from stopping such behaviour, classifying it as immoral and may be unlawful. Currently available through Googles development tools, such as AI Studio, Gemini 2.0 Flash is classified as "experimental." B2B Tech News | 2 months ago
Chromecast Audio and secondgeneration Chromecast users experienced "Untrusted device" issues in early March 2025, preventing their devices from castin
Chromecast Audio and secondgeneration Chromecast users experienced "Untrusted device" issues in early March 2025, preventing their devices from casting content. This problem resulted in authentication failures and was ascribed to an expired security certificate. Through the Google Home app, Google responded by releasing a remedy version 3.30.1.6 for Android and 3.30.106 for iOS, which enabled impacted devices to get the required upgrades and resume functionality. Users may still have problems configuring their devices after doing a factory reset during troubleshooting Google is currently developing a solution for these situations. During this time, the company recommends avoiding factory resets and keeping devices online to obtain updates quickly. B2B Tech News | 2 months ago
Google and MediaTek of Taiwan will work together to build nextgeneration Tensor Processing Units TPUs to improve AI capabilities and cut production co
Google and MediaTek of Taiwan will work together to build nextgeneration Tensor Processing Units TPUs to improve AI capabilities and cut production costs. This collaboration replaces Broadcom, Googles existing AI chip partner, with a more affordable option while utilising MediaTeks solid ties with Taiwan Semiconductor Manufacturing Company TSMC. Google and Broadcom will continue to work together despite this new partnership. Google aims to lessen dependency on Nvidia by creating its own AI server chips and offering substitutes for internal research and cloud users. Google is expected to spend between $6 billion and $9 billion on TPUs in 2024. B2B Tech News | 2 months ago
By incorporating its sophisticated voice synthesis model, Chirp 3, into the Vertex AI platform, Google Cloud has improved developers audio production
By incorporating its sophisticated voice synthesis model, Chirp 3, into the Vertex AI platform, Google Cloud has improved developers audio production skills. Chirp 3 allows applications like voice assistants, audiobooks, and video voiceovers by supporting 31 languages and providing 248 voices with eightspeaker options. By capturing humanlike intonation and emotional inflexions, the model produces more sympathetic and captivating speech. Developers can also use the Google Cloud TexttoSpeech API to generate their voices. Google limits voice cloning access to ensure responsible use, avoid abuse, and comply with moral AI standards. Alongside cuttingedge models like Gemini, Imagen, and Veo on Vertex AI, Chirp 3 demonstrates Googles dedication to developing AI technology while prioritising ethical issues. B2B Tech News | 2 months ago
According to Amazon, local processing of Alexa voice requests will stop on 28 March 2025, when the Echo devices "Do Not Send Voice Recordings" functio
According to Amazon, local processing of Alexa voice requests will stop on 28 March 2025, when the Echo devices "Do Not Send Voice Recordings" function is discontinued. Now that all voice interactions will be sent to Amazons cloud servers for processing, the next Alexa+ service will be able to incorporate sophisticated generative AI features. Amazon promises to encrypt and remove these recordings after processing. Still, users who previously chose local processing might find their functionality diminished, especially regarding customised features like Voice ID. Because of this decision, people who wanted ondevice processing to restrict data sharing are worried about privacy. Reiterating its dedication to security and confidentiality, Amazon claims that cloud processing is necessary to enable Alexa+s expanded functionality. B2B Tech News | 2 months agoBy signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.
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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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