Header-template

HEADLINES

Saankhya Labs Receives Approval from MeitY for Semiconductor Design Project Under DLI Scheme

The Ministry of Electronics and Information Technology, Government of India MeitY has approved Saankhya Labs, a Tejas Networks subsidiary, for its app

The Ministry of Electronics and Information Technology, Government of India MeitY has approved Saankhya Labs, a Tejas Networks subsidiary, for its application under the Semiconductor Design Linked Incentive DLI initiative. The creation of a SystemonChip SoC intended for 5G telecom infrastructure equipment has been approved. For semiconductor design initiatives, the DLI programme offers financial incentives and assistance for the design infrastructure. After CDAC reviewed Saankhya Labs application on MeitYs behalf, payment was approved pending the fulfilment of development milestones. The CEO and Managing Director of Saankhya Labs, Parag Naik, thanked the government and highlighted the programs contribution to supporting domestic semiconductor development, aligning with Indias goal of selfsufficiency in the industry. Read More..

B2B Tech News | 4 days ago          

New Gen AI Quality & Trust Solution by CitiusTech Aims to Ensure Reliability in Healthcare AI

To guarantee dependability, quality, and confidence in Generative AI Gen AI solutions, CitiusTech has unveiled the Gen AI Quality & confidence solutio

To guarantee dependability, quality, and confidence in Generative AI Gen AI solutions, CitiusTech has unveiled the Gen AI Quality & confidence solution, an industryfirst solution designed for healthcare organisations. The answer addresses compliance and dependability issues, which frequently impede Gen AI initiatives. CitiusTech empowers its clients to confidently adopt Gen AI technologies, with the potential to acquire competitive advantages in the healthcare industry, by prioritising trust, quality, and dependability. The solution uses automated design and decisionmaking skills. It comprises a softwarebased framework with consultation, implementation, and support services. The solution offers a complete method of assessing, confirming, and monitoring the quality and trustworthiness of Gen AI solutions in the healthcare industry. It interfaces effortlessly with current MLOps, DataOps, and Quality Management Systems. Read More..

B2B Tech News | 4 days ago          

Report Statebacked Hackers from Russia, China, and Iran Using Microsoftbacked OpenAI Tools for Cyber Operations

A study issued on Wednesday claims that statesponsored hackers from North Korea, China, Iran, and Russia have improved their hacking skills by using t

A study issued on Wednesday claims that statesponsored hackers from North Korea, China, Iran, and Russia have improved their hacking skills by using tools from Microsoftbacked OpenAI. Microsoft revealed that these organisations were using big language models to improve their cyberattacks and produce replies that seemed human. Microsoft responded by outlawing access to its AI products for statesponsored hacking organisations. The disclosure highlights worry about AIs improper application and the fast spread of espionage endeavours. The hackers use of AI techniques has been described by OpenAI and Microsoft as "earlystage" and "incremental," with no notable advancements having been noticed yet. The prohibition reduces the risks of using AI for evil purposes, emphasising the difficulties of this cuttingedge technology. Read More..

B2B Tech News | 4 days ago          

Lucid Group Slashes Prices of Air Luxury Sedans in Bid to Boost Demand

Lucid Group is trying to stimulate demand in the face of a slowing market for electric cars by lowering the price of its Air luxury sedans by 1% to 10

Lucid Group is trying to stimulate demand in the face of a slowing market for electric cars by lowering the price of its Air luxury sedans by 1% to 10%. The cars are intended to be more competitively priced, with the Air Pure rearwheel drive starting at $69,900 and the Air Grand Touring at $109,900. The action was taken in response to a slowdown in demand for EVs, which forced manufacturers to modify their production and pricing schedules. Along with these benefits, Lucid announced that every Lucid Air purchase or lease will come with a $1,000 allowance for specific charging accessories and free regular maintenance for two years. Even with these initiatives, a slower growth rate for the worldwide EV market is anticipated in 2024 due to reduced governmental subsidies. Read More..

B2B Tech News | 4 days ago          

BRICS Countries Expected to Drive Global Wealth Growth Over Next Decade

Over the next ten years, the number of millionaires in the BRICS countries is expected to rise significantly, with their $45 trillion in investable we

Over the next ten years, the number of millionaires in the BRICS countries is expected to rise significantly, with their $45 trillion in investable wealthgenerating the most significant wealth increase globally. The BRICS group is expected to have 85% more millionaires over the next ten years, according to a survey by Henley & Partners and New World Wealth. This rise is more than that of the advanced nations of the Group of Seven G7, where a 45% increase in millionaires is predicted. With an estimated 110% increase in wealth per person by 2033, India is the leader in this wealth boom, followed by Saudi Arabia, the United Arab Emirates, China, and Ethiopia. Despite this general expansion, a few BRICS nations, including Iran and South Africa, have declined their millionaire populations since 2013. Read More..

B2B Tech News | 4 days ago          

Mining Indaba Highlights Urgent Need for Local Banks to Finance African Projects

The Mining Indaba this year made clear how important it is for regional banks to back more mining projects in Africa, especially those that foreign le

The Mining Indaba this year made clear how important it is for regional banks to back more mining projects in Africa, especially those that foreign lenders deem riskier. In 2022, Africa spent less than 10 per cent of the worldwide average on mining exploration, although possessing 30 per cent of the worlds mineral reserves. This was mainly because of challenges in obtaining money from outside sources. Local financial institutions are encouraged to fill this need as interest in African mining grows. The secondlargest bank in the Democratic Republic of the Congo, EquityBCDC, spoke with Celestin Mukeba Muntuabu, Managing Director, about his banks plans for African mining. Meanwhile, highinterest rates are anticipated to continue in 2024, burdening African borrowers even more—who spend a substantial amount of their export revenues on external debt repayment. Additionally, Tanzania faces a sugar shortage, prompting regulators to approve imports and plans to boost local production. Read More..

B2B Tech News | 4 days ago          

Digital Realty Trust Forecasts Lower Revenue for Fiscal 2024, Shares Decline

Given the uncertain economic climate, Digital Realty Trust DLR.N expects its fiscal 2024 revenue to fall short of market projections. This is because

Given the uncertain economic climate, Digital Realty Trust DLR.N expects its fiscal 2024 revenue to fall short of market projections. This is because it is spending less on data centres. In the extended trading session that followed the news, the companys shares fell 4%. Due to high financing costs, businesses favour larger data centre operators like Equinix EQIX.O, affecting demand for smaller competitors like Digital Realty. Known for renting out managed data centres for various industries, Digital Realty and Blackstone BX.N partnered to create data centres for $7 billion last year. Despite missing projections with its fourthquarter sales of $1.37 billion, Digital Realty is nevertheless upbeat about its funds from operations, which rose to $1.53 per share from $1.45 per share in the previous year. Read More..

B2B Tech News | 4 days ago          

DoorDash Reports Widening Loss in Q4 2023 Despite Surge in Delivery Orders

Despite a spike in delivery orders, DoorDashs most recent financial report showed a largerthanexpected deficit for the fourth quarter of 2023, ascribe

Despite a spike in delivery orders, DoorDashs most recent financial report showed a largerthanexpected deficit for the fourth quarter of 2023, ascribed to higher labour expenses. A 9.3% increase in total costs impacted the companys profitability. DoorDash expects to absorb early expenses and reduce them over time. Still, in response to new rules, it has increased the minimum wage for delivery workers. Despite significant marketing expenditures and service diversification efforts, such as grocery and alcohol delivery, DoorDashs estimated quarterly profitability indicator failed to meet analyst projections. The corporation launched a $1.1 billion share repurchase programme to fight Ubers rivalry. Looking ahead, DoorDash hopes to increase Gross Order Value GOV in 2024 from $66.8 billion in 2023 to $74 billion to $78 billion. Read More..

B2B Tech News | 4 days ago          



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts


1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   1624   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   1505   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   1798   

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.
   1991   

5.  Approximately 8 billion gadgets connect on the internet every day.
   2988   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!


Where do you go to learn more about whats happening in your industry? Check all that apply.

12 votes, Poll active
Footer-template