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U.S. State Department Offers $10 Million Bounty for Blackcat Ransomware Gang

The U.S. State Department has offered a bounty of up to $10 million for information that results in the identifying or apprehending the "Blackcat" ran

The U.S. State Department has offered a bounty of up to $10 million for information that results in the identifying or apprehending the "Blackcat" ransomware group. The gang is in charge of attacking vital infrastructure sectors domestically and internationally, as seen by the most recent hack on Change Healthcare, the IT division of the UnitedHealth gang. Due to the attack, there is a $14 billion backlog of medical claims, creating substantial disruption. It is uncertain whether the gang kept its word, even though there have been rumours that UnitedHealth paid the hackers a $22 million ransom. The prize emphasises cyber threats seriousness and how hard it is to defend against them. Read More..

B2B Tech News | 2 months ago          

MLCommons Unveils New Benchmarks for AI Application Response Times

MLCommons issued new benchmarks assessing the reaction times of AI applications. These tests assess the speed at which AI models can be processed and

MLCommons issued new benchmarks assessing the reaction times of AI applications. These tests assess the speed at which AI models can be processed and answers generated by highend hardware. Llama 2 and MLPerf are benchmarks that evaluate texttoimage creation and questionandanswer situations, respectively. The benchmarks were dominated by Nvidias H100 CPUs, with Google, Supermicro, and Nvidias servers performing at the top. Qualcomm and Intel, on the other hand, also submitted designs that prioritised performance and power efficiency. In light of the significance of energy efficiency in using artificial intelligence, MLCommons intends to launch benchmarks that measure power usage independently. Read More..

B2B Tech News | 2 months ago          

Francis Scott Key Bridge Collapse Disrupts Shipping at Baltimore Port

One of the busiest ports in the United States has experienced disruptions to shipping and transportation operations due to the Francis Scott Key Bridg

One of the busiest ports in the United States has experienced disruptions to shipping and transportation operations due to the Francis Scott Key Bridge collapse in Baltimore. Due to a collision with a container ship, the bridge collapsed, resulting in an indefinite suspension of ship traffic and the need to reroute goods and vessels. Supply chains will probably be impacted by the congestion and delays this occurrence causes for importers. Furthermore, transportation durations would treble due to the absence of the bridge, especially for hazardous products, which will result in delays and higher fuel expenses. Experts predict shortages and interruptions in ocean container shipping and East Coast transportation operations. At the same time, the full extent of the damage is still unknown. Read More..

B2B Tech News | 3 months ago          

Pakistan Considers Restoring Trade Ties with India, Signals Diplomatic Shift

Muhammad Ishaq Dar, Pakistans Foreign Minister, has hinted at a possible change in the countrys diplomatic approach towards India by saying that Pakis

Muhammad Ishaq Dar, Pakistans Foreign Minister, has hinted at a possible change in the countrys diplomatic approach towards India by saying that Pakistan will "seriously" examine mending commercial relations with its neighbour. During a press conference in London, Dar expressed how excited Pakistans business community is to begin economic activity with India. This declaration implies a change in strategy from Pakistans prior position in the wake of Indias withdrawal of Article 370 in August 2019, which resulted in a deterioration of diplomatic relations. In February 2021, both nations extended the truce along the Line of Control despite their tense ties. Shehbaz Sharif of Pakistan and Indian Prime Minister Narendra Modi have recently spoken, raising expectations for a diplomatic thaw given Sharifs emphasis on economic development as the leader of Pakistans new coalition government. Read More..

B2B Tech News | 3 months ago          

Cryptocurrency Exchange Binance Rocked as Executive Escapes Custody in Nigeria

Nadeem Anjarwalla, an executive of cryptocurrency exchange Binance, is said to have escaped from detention in Nigeria during a criminal probe into the

Nadeem Anjarwalla, an executive of cryptocurrency exchange Binance, is said to have escaped from detention in Nigeria during a criminal probe into the platforms possible participation in money laundering. Authorities claim that Anjarwalla, the regional manager for Africa at Binance, used a smuggled passport to flee Nigeria. He and his colleague Tigran Gambaryan have been in custody since February 26 as part of an operation on the cryptocurrency site. Following allegations of money laundering and sponsorship of terrorism, Binance stopped trading with the Nigerian naira in March. The fact that Anjarwalla escaped raises concerns regarding security protocols since officials have detained those in charge of his care. Additional legal issues that Binance must deal with include tax evasion accusations brought by the Nigerian tax authority. Read More..

B2B Tech News | 3 months ago          

Hyundai Motor Group Unveils $51 Billion Investment Plan for Electric Vehicles and Mobility Ventures

In addition to recruiting 80,000 additional staff, Hyundai Motor Group announced a significant investment of 68 trillion won $51 billion over three ye

In addition to recruiting 80,000 additional staff, Hyundai Motor Group announced a significant investment of 68 trillion won $51 billion over three years to bolster its position in electric cars EVs and new mobility endeavours. Around 35.5 trillion won, or more than half of the investment would go towards EV assembly lines and R&D facilities. An additional 31.1 trillion won will go towards EVrelated research, including battery and softwaredefined vehicle development. Of the 44,000 new workers, the bulk will work to advance future business sectors, including carbon neutrality, softwaredefined vehicles, and electrification. This investment demonstrates Hyundai Motor Groups dedication to innovation and environment friendly mobility solutions. Read More..

B2B Tech News | 3 months ago          

Robinhood Launches New Credit Card for Robinhood Gold Subscribers

A new credit card that is only available to Robinhood Gold users was introduced by Robinhood Markets, indicating a deliberate move outside of its prim

A new credit card that is only available to Robinhood Gold users was introduced by Robinhood Markets, indicating a deliberate move outside of its primary trading operation. With this move, it hopes to strengthen its products at the premium tier and expand into the more significant personal finance sector. The card intends to attract consumers seeking value and financial ease with features including no annual fees, 0% international transaction costs, and significant cashback returns of up to 3%, plus 5% on reservations through Robinhoods travel platform. Robinhood aims to increase its income streams and reduce market volatility by broadening its range of products. Encouraged by its recent positive financial performance, which included a surprise profit fueled by higher interest revenue and trading activity, the business plans to roll out more broadly later this year. Read More..

B2B Tech News | 3 months ago          

Visa and Mastercard Reach $30 Billion Settlement to Lower Credit and Debit Card Fees

A historic $30 billion settlement between Visa and Mastercard aims to reduce credit and debit card fees for retailers, which might result in cheaper c

A historic $30 billion settlement between Visa and Mastercard aims to reduce credit and debit card fees for retailers, which might result in cheaper costs for customers. Subject to court approval, this antitrust settlement intends to resolve 2005era charges that the card networks imposed onerous antisteering regulations and exorbitant swipe costs. Visa and Mastercard have agreed to remove antisteering clauses, lower swipe rates, and cap fees for several years. Both firms acknowledge the importance of the agreement in resolving issues brought up by small businesses, even if they deny any misconduct. It is anticipated that certain retailers would object, though, as they could feel the settlement does not sufficiently resolve longstanding fee discrepancies. Read More..

B2B Tech News | 3 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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