Technology News

Organization for Economic Co-operation and Development (OECD) has published a report for the 2023 labor market and artificial intelligence focusing on the manufacturing and financial sectors. The OECD Outlook 2023 gives a deeper understanding of the benefits and downsides of artificial intelligence (AI) in the workplace.

According to OECD Outlook 2023, the United Kingdom proves to be the foremost among other countries when it comes to the active engagement of employers in consulting their employees and the worker representatives regarding the usage of…

In the first quarter of 2023, the cloud industry has shown highly expected results for top tech companies like Google, Amazon, and Microsoft, among others. The cloud services business has become productive.

Google Cloud's main target is providing solutions in industries, like retail, finance, and healthcare, among others. It is one of the critical drivers of Google Cloud's growth to achieve heights by providing solutions. Based on a survey report, Microsoft Azure and Amazon Web Service (AWS) generated about USD 80 billion in 2022 for their respective…

Google is preparing to launch a scanning code that will not require the pay app to ask for camera permission while preserving the users' privacy. The Google code scanner, Application Programming Interface (API), plans to offer a complete solution, probably in 2023, for the scanning code to carry out the new feature.

The intelligent new feature from Google for Android users can make the QR code experience more efficient and swifter. According to Android analysts for developers, Google has already added a new updated feature with the ability to find the…

Defense advanced research projects agency (DARPA) under the United States government launched an AI Cyber Challenge two-year program in August 2023. The challenge invites computer scientists, developers, and others to participate in the artificial intelligence and cybersecurity-based program.

AI Cyber Challenge will be organized in collaboration with OpenAI, Microsoft, and Google, where Linux Foundation's Open-Source Security Foundation (OpenSSF) is the chief advisor. The program aims to drive innovative ideas of AI and cybersecurity to develop a new…

Meta newly launched an open-source family of artificial intelligence (AI) language models, Llama 2, in July 2023; it also contains the license for allowing integration with commercial products. With the growing era of artificial intelligence and generative AI, they play a crucial role in enhancing various opportunities for entrepreneurs, digital creators, tech individuals, and others. The economic and social development in the technological field is improving due to artificial intelligence.

The structure of Llama 2 models ranges from 7-70 billion…

The Semiconductor Industry Association (SIA) in the United States has released a statement to set up new rules and actions for the outbound investment screening in August 2023. The US has targeted China, with developments coming further on releasing this statement.

The US administration launched an executive order in August 2023, citing prohibitions and specific product and technology rules. It prohibited outbound investments in semiconductors, microelectronics, artificial intelligence fields, and others. China is identified as the country of concern in…

Accenture announced to invest USD 3 billion in artificial intelligence (AI) practices in 2023 to provide new industry solutions and previously built models that will provide companies across nineteen industries to drive value and accelerate clients.

It will invest in data and artificial intelligence (AI) practices to support its customers with them in various advanced industries. Accenture will use artificial intelligence to gain growth and efficiency in the work field. According to the company, it focuses on helping customers shift from interest to…

Generative AI (artificial intelligence) is taking place in the digital world, where customer experiences face practical and emotional needs and expectations from marketers. Generative AI will play a crucial role in evolving the technicalities of content creation in 2023.

Generative AI prompts and essential tools help produce content, give information based on natural prompts, and make ideas prominent and unique. The active content created with the help of generative AI helps enhance the model's underlying customer data inputs in real time to get…

Google is growing daily with its new advancements in different technology sectors. The company is implementing artificial intelligence (AI) for technical developments in its tools and services. Recently, according to a survey conducted for July-August 2023, Chrome is the most used web browser in the world.

A survey shows that the regional use of Google Chrome globally in 2023 shows South America has the highest number of Chrome users, with a 78.9 percent market share. It is followed by the African region and Asia with 71.5 and 72.2 percent market share…

The electric vehicle market is progressing day by day with new features in the automotive industry in 2023. The automotive industry is witnessing an essential phase with electric vehicles, which are more sustainable than conventional vehicles, environmentally friendly technologies, and others.

According to a survey, the global electric vehicle market is expected to reach up to 14 million units with a diffusion rate of 18 percent in 2023. The data says it was at 10 million units with a diffusion rate of 14 percent in 2022. Europe and China are the…

Electric vehicles (EVs) are ruling the automotive industry as the market is seeing exponential progress in 2023. BYD and Tesla dominate the electric vehicle sales worldwide in 2023. Sustainable mechanisms with technology are boosting the growth of electric vehicles. This electrification in the auto industry is set to cut the use of around 5 million barrels of oil per day by 2030.

According to the International Energy Agency (IEA), the worldwide sales of electric cars will surge in 2023 and will be one-fifth of the overall car market in 2023. Electric…

Digital payments are a new way of transforming the economy via online and cashless payments. The world is seeing immense growth in digital payment, and emerging economies like India are developing a new digital ecosystem. The progress in the digital payment field is revolutionizing India digitally.

Based on a survey in 2023, online payment numbers have increased more than 100 times in the last nine years, from 127 crore in 2013-14 to 12,735 crore online payments in 2022-2023. Various factors affect the online pay portals to grow in this period. One of…

China’s leading electric vehicles company Build your dreams (BYD) is dominating the electric vehicles’ market with its rising sales in the first half of 2023. The electric vehicles companies in China have reported for 56 percent of the global unit sales.

According to a survey conducted, the global electric vehicle sales have increased by 50 percent year-over-year in the second quarter of 2023.  At the same time, the progress of the Chinese companies globally comes with the scalable benefits in their own land, that makes for 56 percent of the global unit…

Nvidia's large language models (LLM) and generative artificial intelligence (AI) in 2023 are progressing with innovations. Recently, at Nvidia's annual Graphics Processing Unit (GPU) Technology conference in 2023, the company announced its partnership with Google Cloud. This collaboration marks the launch of L4 GPU and Vertex AI to speed up companies' production, focusing on generative AI applications.

Nvidia mentions that the L4 platform enhances the quality of artificial intelligence-powered video performance. It is currently available in the private…

With artificial intelligence (AI) shooting its branches in all sectors of the economy in 2023, along with big corporates, it has made its prominence better in the entertainment industry. In July 2023, Netflix recently created a job posting for a machine learning platform (MLP) product manager who can pay a salary of USD 300,000 to USD 900,000 per year.

The MLP position aims at designing the job role by enhancing the grasp of Netflix's specific program and utilizing artificial intelligence in all aspects, business, and user recommendations, among other…

Artificial intelligence has positively transformed the lives of individuals. The new trend of integrating artificial intelligence into the business facilitates the industry's financial, technical, and other works. Speech artificial intelligence (AI) helps to converse with customers to provide them with services and insights into the industry in 2023. Several startups in 2023 have embarked into the sector with Speech AI; Contiinex is one of the well-known speech AI startups to have raised USD 2 million in a pre-series A round from two venture fund houses…

Google steps into its 15th year of success in September 2023; meanwhile, the company has announced some important updates on its Chrome. Recently, surveys have shown Google Chrome to be the leading web browser in 2023. Google is renovating Chrome in new ways and adding more features to the existing ones.

Google aims to build Chrome as a fast, secure, easy-to-access, and reliable web browser. Also, Chrome has achieved the fastest web browsers to load searches in benchmark tests in 2023. Google also integrated machine learning into Chrome for a more…

The electrification in transportation will help the environment to build up more sustainable growth, which was difficult with the conventional mode of vehicles. The rise in electric vehicle demand also makes a difference in the oil demand for traditional vehicles in 2023.

Surveys have shown that 2023 is expected to see 102 million barrels of oil consumption a day globally. Almost 50 percent of the oil consumption belongs to transportation by vehicles. The rise in electric vehicle production will mold the picture by replacing a portion of conventional…

Google search engine has been the most popular pathway to the internet for a long time to help people browse the web for various online information. Google search engines use web crawlers, software that enables users to browse the internet to search for web pages and them to the user's index.

Google rolled out its second core update in August 2023, and this rollout is expected to take up to 2 weeks to complete the process. According to the company, this is Google's second core algorithm update of 2023, as the first one came in March 2023. The company…