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Sakana AI Unveils AI CUDA Engineer to Supercharge LLM Performance

The AI CUDA Engineer, an automated framework created by Tokyobased Sakana AI, is intended to improve large language models pretraining and inference s

The AI CUDA Engineer, an automated framework created by Tokyobased Sakana AI, is intended to improve large language models pretraining and inference speeds LLMs. The framework speeds up AI model deployment by optimising CUDA kernels and specialised GPU functions. Sakana AI asserts that the AI CUDA Engineer can optimise CUDA kernels from PyTorch modules, leading to 10100x speedups. Four steps comprise the process archiving highperformance kernels, integrating kernel crossings, optimising kernels, and converting PyTorch code. The startup has made 30,000 AIgenerated kernels available on Hugging Face under a CCBy4.0 license. To improve the efficiency and implementation of AI models, it has also established a website where users can examine 17,000 certified kernels across 230 tasks. Read More..

B2B Tech News | 3 months ago          

OpenAI Shuts Down Accounts Tied to China, North Korea for AIPowered Influence Ops

OpenAI has deleted accounts associated with North Korea and China for allegedly employing their AI technology for influence and surveillance activitie

OpenAI has deleted accounts associated with North Korea and China for allegedly employing their AI technology for influence and surveillance activities. The business found instances, where North Korean players built fictitious job applicant, accounts to infiltrate Western companies and when ChatGPT was used to produce antiUS news pieces published in Latin America under a Chinese companys byline. By creating and translating social media posts, another network in Cambodia used AI to commit money fraud. Authoritarian governments might employ AI for repression and disinformation, according to OpenAI, which has over 400 million weekly active users. With OpenAI looking to raise $40 billion at a $300 billion valuation, the move coincides with U.S. fears about Chinas AIdriven threats. Read More..

B2B Tech News | 3 months ago          

Central Bank of Botswana Maintains Policy Rate at 1.90% for Third Straight Meeting

As inflation increased from 1.7% in December to 2.5% in January, Botswanas central bank maintained its policy rate at 1.90% for the third consecutive

As inflation increased from 1.7% in December to 2.5% in January, Botswanas central bank maintained its policy rate at 1.90% for the third consecutive meeting. However, it was still below its 3% to 6% goal range. Due to sluggish international demand, the nations economy, primarily dependent on diamond exports, shrank last year. However, the government anticipates a recovery in 2025, bolstered by advancements in other areas and a revival in the diamond market. Despite economic difficulties, policymakers continue to exercise caution when modifying interest rates and prioritising stability while keeping an eye on inflation patterns and outside market circumstances. The central banks position shows its dedication to striking a mediumterm balance between price stability and economic growth. Read More..

B2B Tech News | 3 months ago          

Argentina’s President Milei Sparks Crypto Frenzy with Libra Memecoin Endorsement

The cryptocurrency market was rocked after Argentine President Javier Milei pushed the Libra memecoin, saying it could boost the countrys economy. Bec

The cryptocurrency market was rocked after Argentine President Javier Milei pushed the Libra memecoin, saying it could boost the countrys economy. Because of rugpull speculation, Libras price crashed by 95% after soaring 3,000% in a few hours to achieve a $4.5 billion market value. Its team allegedly cashed out $107 million, and reports showed that eight wallets had 83% of the token supply. After removing his promotional tweet, President Milei denied involvement in the proposal and issued a warning against it. Crypto intelligence companies connected Libra to Trumprelated memecoins, and attorneys accused him of encouraging fraud. As companies turned away from launch strategist Hayden Mark Davis, whose firm Kelsier Venturer purportedly oversaw Libras launch, the scandal grew more intense. Many things are still unclear. Read More..

B2B Tech News | 3 months ago          

Standard Chartered Announces $1.5 Billion Buyback as Annual Profit Surges 18%

After reporting an 18% increase in annual earnings to $6 billion, driven by record wealth business growth and outstanding market division performance,

After reporting an 18% increase in annual earnings to $6 billion, driven by record wealth business growth and outstanding market division performance, Standard Chartered announced a $1.5 billion share repurchase. To increase income growth, the bank has spent $1.5 billion over five years on marketing, client centres, and digital platforms, emphasising Asia, Africa, and the Middle East. In 2024, it added $44 billion in new assets, a 61% increase from the previous year, and 265,000 new wealthy clients. By 2029, the bank wants to produce $200 billion in net new money. Like HSBC, StanChart is pulling out unprofitable retail banking areas and growing wealth management to offset falling interest income. Read More..

B2B Tech News | 3 months ago          

Abrdn in Advanced Talks with Citic Bank for China Asset Management Venture

To increase its presence in the secondlargest economy in the world, UKbased asset manager Abrdn is in advanced negotiations with Citic Bank to establi

To increase its presence in the secondlargest economy in the world, UKbased asset manager Abrdn is in advanced negotiations with Citic Bank to establish an asset management joint venture in China. Citic Wealth, the wealth management division of Citic Bank, is anticipated to own the remaining shares, with Abrdn likely to hold the majority. Later this year, regulatory permission is expected to occur. After highlevel UKChina economic negotiations recently resumed, the talks picked up steam. Despite previous disappointments for international businesses operating in Chinas wealth sector, interest has been rekindled by market recovery and Beijings stimulus plans. If it succeeds, this partnership would be the second of its kind between a Chinese bankowned wealth business and a British company, following Schroders agreement with Bank of Communications in 2021. Read More..

B2B Tech News | 3 months ago          

New Zealand’s Economy Shows Signs of Recovery After Mid2024 Slump

According to RBNZ Chief Economist Paul Conway, the New Zealand economy bottomed out in the middle of the year and only started to recover in December

According to RBNZ Chief Economist Paul Conway, the New Zealand economy bottomed out in the middle of the year and only started to recover in December 2024. Highfrequency data indicates that some businesses are improving, but there are still uncertainties, and companies might be hesitant to employ until growth levels out. Outside of the epidemic, the economy saw its most significant drop since 1991 in Q3 2024. After raising interest rates sharply to 5.5%, the RBNZ lowered them by 175 basis points to spur growth as inflation subsided. The central bank contemplated rate decreases of 25 or 75 basis points before its most recent policy review but finally decided that a 50 basis point drop was the best option. Read More..

B2B Tech News | 3 months ago          

Medusa Ransomware Gang Claims 2.3TB Data Theft in HCRG Cyberattack

A hack by the Medusa ransomware gang has targeted HCRG Care Group, a private health and social services provider. As of 27 February, the gang requests

A hack by the Medusa ransomware gang has targeted HCRG Care Group, a private health and social services provider. As of 27 February, the gang requests £1.6 million $2 million to sell or destroy the 2.275 terabytes of internal records they claim to have stolen. For £8,000 each day, Medusa has also promised to postpone the rollout. The hazards of identity theft are increased by leaked samples, which include staff schedules, birth certificates, background checks, and scans of passports and drivers licenses. HCRG indicated that activities are unaffected while confirming an ongoing inquiry. Successful ransomware attacks typically cost healthcare providers more than $2.5 million. Read More..

B2B Tech News | 3 months ago          



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