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Microsoft Invests $400 Million to Expand AI and Cloud Infrastructure in Switzerland

Microsoft is reaffirming its dedication to digital innovation by spending $400 million in Switzerland to grow its cloud computing and AI infrastructur

Microsoft is reaffirming its dedication to digital innovation by spending $400 million in Switzerland to grow its cloud computing and AI infrastructure. The news came at a meeting between Microsoft Vice Chair Brad Smith and Swiss Economy Minister Guy Parmelin in Bern. To meet the growing demand for AIdriven cloud services, the money will be utilised to update four data centres close to Geneva and Zurich. Additionally, Microsoft will collaborate with Swiss SMEs and startups to assist worker training and the use of AI. The extension benefits government, healthcare, and finance by guaranteeing data localisation within Swiss borders. Smith highlighted Switzerlands robust innovation environment, establishing the nation as a major European powerhouse for artificial intelligence. Read More..

B2B Tech News | 3 months ago        

China Condemns U.S. AI Chip Export Restrictions, Calls Them Trade Violations

China has accused the U.S. of violating trade agreements by rescinding student visas and imposing additional export restrictions on AI chips. Tensions

China has accused the U.S. of violating trade agreements by rescinding student visas and imposing additional export restrictions on AI chips. Tensions between the two countries have escalated as a result of the U.S. lately limiting sales of AI chips and banning the export of chip design tools. Chinas commerce ministry denied claims of breaking trade agreements, saying it has complied with its obligations while the United States has taken unilateral action. The dispute comes after both nations agreed to lower high tariffs during a 90day trade ceasefire. China emphasised its will to protect national interests while threatening reprisal actions. The confrontation highlights growing trade and technology disputes, with semiconductor dominance and artificial intelligence at the root of geopolitical concerns. Read More..

B2B Tech News | 3 months ago        

ADB President Warns Tariff War Could Slow Global Demand and Investment

Masato Kanda, president of the Asian Development Bank ADB, cautioned that the protracted tariff war will reduce global demand and burden capital inves

Masato Kanda, president of the Asian Development Bank ADB, cautioned that the protracted tariff war will reduce global demand and burden capital investment, especially in developing Asian nations. Speaking in New Delhi, Kanda underlined the necessity of legislative changes and trade diversification in order to reduce risks. Over a fiveyear period, ADB has pledged $10 billion to improve Indias urban infrastructure, including rapid transit and metro extensions. Indias GDP is predicted by the bank to rise at a rate of 6.7% in FY26 and 6.8% in FY27, outpacing that of other developing Asian nations. In order to increase economic resilience in the face of uncertainty surrounding international trade, Kanda advised authorities to expedite trade deals, especially those with the EU and the UK. Read More..

B2B Tech News | 3 months ago        

TSMC CEO AI Chip Demand Surging Despite U.S. Tariffs

According to TSMC CEO C.C. Wei, the company is somewhat impacted by U.S. tariffs, but demand for AI chips is still high and continuously surpasses sup

According to TSMC CEO C.C. Wei, the company is somewhat impacted by U.S. tariffs, but demand for AI chips is still high and continuously surpasses supply. Wei explained during TSMCs annual shareholders meeting that importers, not exporters, are impacted by tariffs, which could reduce demand by raising prices marginally. TSMC has not noticed any changes in customer behaviour despite trade uncertainty, and the situation can clarify itself in the upcoming months. The business reiterated its optimistic outlook while highlighting its dedication to satisfying the demand for AIdriven chips. Wei also denied rumours that TSMC was constructing factories in the United Arab Emirates, claiming that the business had no such intentions. Read More..

B2B Tech News | 3 months ago        

Elon Musk’s xAI Seeks $113 Billion Valuation in $300 Million Share Sale

Employees can sell shares to investors through Elon Musks xAI, which is aiming for a $113 billion valuation in a $300 million share sale. It is antici

Employees can sell shares to investors through Elon Musks xAI, which is aiming for a $113 billion valuation in a $300 million share sale. It is anticipated that xAI would sell new equity to external investors in a larger investment round. When the AI startup bought X formerly Twitter in March, it was worth $80 billion, while X was worth $33 billion. Following his departure from advising positions in the Trump administration and return to Tesla and AI endeavours, Musk has turned his attention to xAI. The business is strengthening its position in the AI industry by negotiating to raise $20 billion in financing. Read More..

B2B Tech News | 3 months ago        

Ethiopia and IMF Reach StaffLevel Agreement on $3.4 Billion Loan Program

A stafflevel agreement on the third assessment of Ethiopias $3.4 billion loan program has been achieved with the International Monetary Fund IMF, whic

A stafflevel agreement on the third assessment of Ethiopias $3.4 billion loan program has been achieved with the International Monetary Fund IMF, which could unlock $260 million in funding. The IMF commended Ethiopias economic reforms, pointing to improved international reserves, export growth, and inflation control. With the implementation of financial stability and monetary policy modernisation measures by authorities, the shift to a flexible exchange rate system has gone smoothly. The IMF Executive Board must approve the deal, which should happen in the upcoming weeks. Ethiopia wants to boost growth led by the private sector, restore external debt sustainability, and consolidate macroeconomic achievements. Read More..

B2B Tech News | 3 months ago        

India to Raise Agriculture and Fisheries Concerns at WTO Paris Meeting

During the June 3 WTO ministerial conference in Paris, India will bring up issues related to agriculture, fisheries, and investment facilitation. Oppo

During the June 3 WTO ministerial conference in Paris, India will bring up issues related to agriculture, fisheries, and investment facilitation. Opposing the Chinabacked Investment Facilitation for Development IFD proposal, which India feels could restrict policy space for developing countries, Commerce Minister Piyush Goyal will lead the talks. Additionally, India will press for protections for smallscale fishermen and work towards a longterm solution for the public stockpiling of food goods. The WTOs appellate panel has not operated since 2019 because of U.S. resistance to new appointments India will also demand its resuscitation. Through its impact on IndiaEU free trade agreements and wider economic cooperation, the summit will influence global trade policies. Read More..

B2B Tech News | 3 months ago        

Anthropic Hits $3 Billion in Annualized Revenue Amid Enterprise AI Boom

Anthropic has tripled its profitability since December 2024, reaching $3 billion in annualised revenue, on to robust enterprise demand for AI models.

Anthropic has tripled its profitability since December 2024, reaching $3 billion in annualised revenue, on to robust enterprise demand for AI models. Google and Amazonbacked San Franciscobased business Claude AI has found quick acceptance, especially in automation and code development. Venture analysts have referred to Anthropic as one of the fastestgrowing AI companies due to its growth rate surpassing that of typical SaaS benchmarks. Like significant alliances like Notion, DuckDuckGo, and Quora, Anthropic is establishing a niche in enterprise AI solutions, while OpenAI leads the consumer AI industry. The business is now valued at $61.4 billion, solidifying its standing as a top supplier of AI. 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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