Russia Addresses Rupee Build-Up By Investing In India

Russia has addressed the issue of billions of rupees accumulating in Indian banks by investing in Indian stocks and infrastructure projects. Additionally, despite Western sanctions on the state-owned shipping company Sovcomflot, Russia has taken steps to ensure the continuous flow of crude oil, sources familiar with the matter said. Since 2022, billions of rupees have …

Microsoft Gears Up To Launch A New AI Model To Rival Google And OpenAI

Microsoft is developing a new, proprietary AI language model substantial enough to contend with those from Alphabet’s Google and OpenAI, as reported on May 6. Internally dubbed MAI-1, the new model is under the supervision of Mustafa Suleyman, the Google DeepMind co-founder and ex-CEO of AI startup Inflection, according to the report, which cited two …

Meta Unveils AI Powerhouse To Give Businesses A Creative Boost In Advertising

On May 8, Meta introduced advanced generative AI capabilities for advertisers, including comprehensive image and text generation to support business expansion. The initiative aims to assist advertisers throughout their journey, from enhancing ad effectiveness through the development of creative variations to automating aspects of the ad creation process. Meta revealed that businesses can now produce …

Honeywell Study Shows “Silent Residency” Escalates Cyber Risks for Industrial and Critical Infrastructure Facilities

Recently, Honeywell published its 2024 USB Threat Report, offering fresh perspectives on how ‘silent residency’ poses a rising cyber threat to industrial and critical infrastructure facilities. The report emphasized the escalating danger of ‘living off the land’ (“LotL”) attacks, where adversaries employ USB devices to infiltrate industrial control systems, covertly monitor operations, and then execute …

15th Advanced Forum on DCAA & DCMA Cost, Pricing, Compliance & Audits

CIOCoverage is an official Media Partner with DCAA & DCMA Cost, Pricing, Compliance & Audits starting from June 25th 2024. American Conference Institute has launched the 15th Advanced Forum on DCAA & DCMA Cost, Pricing, Compliance & Audits, the leading compliance event for the government contracting community, scheduled to take place on June 25 – 26, 2024 …

Digital Twin: an unlimited number of what ifs

As an executive in the tech industry, I’ve witnessed the evolution of digital transformation and its impact on organizations up close over the last 10-15 years. The concept of using technology to enhance customer connections and improve outcomes has been a driving force for many years. But I believe we are now entering a new …

Digital Transformation: Digital Twin and IoT

How IoT and Digital Twin technology work together to bring about Digital Transformation Here’s a very simple formula for Digital Transformation: IoT * Digital Twin => Digital Transformation What this says is that Digital Transformation is a result of the product of IoT and Digital Twin technology. It’s a product because the elements of IoT …

TwinThread – Industrial AI That Transforms Your World

As one of the leading digital twin companies, TwinThread has already established itself as the world’s first cloud-native industrial SaaS, combining digital twins with emerging and groundbreaking technologies like artificial intelligence to prioritize and ensure continuous developmental initiatives that regulate process and asset quality, throughput, authenticity, and sustainability. TwinThread is driven by a powerful mission …

VIMAAN – 100% Accurate Inventory Tracking & Management

Navigating the transformation to meet evolving business needs presents a myriad of challenges to companies across all industries. However, in the warehousing and logistics sector, Vimaan has emerged as the front-runner, spearheading the development of leading-edge digital twin solutions that deliver unprecedented insights on constantly changing inventory data. Vimaan’s pioneering efforts have earned it the …