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Elon Musk Offers $97.4 Billion to Acquire OpenAI’s Nonprofit Arm

Tensions with CEO Sam Altman increased when Elon Musks group offered $97.4 billion to buy OpenAIs nonprofit organisation. Musk cofounded OpenAI but de

Tensions with CEO Sam Altman increased when Elon Musks group offered $97.4 billion to buy OpenAIs nonprofit organisation. Musk cofounded OpenAI but departed before it gained popularity. In 2023, he founded xAI. His proposal argues that OpenAI should continue prioritising opensource and AI safety to avoid becoming a forprofit business. Altman quickly turned down the offer, joking about purchasing Twitter in its place. SoftBank is considering a $300 billion valuation investment round for OpenAI, previously valued at $157 billion. Musk may be able to finance the transaction through SpaceXbacked loans or the sale of Tesla stock, although this is still unknown. The offer might interfere with OpenAIs ability to raise money and make the board think about fiduciary duties in the face of regulatory scrutiny. Read More..

B2B Tech News | 1 months ago        

Bank of America Projects Record Net Interest Income for 2025

Holly ONeil, head of retail banking at Bank of America, projects a 6% to 7% growth in net interest income NII in 2025, setting a new record. She made

Holly ONeil, head of retail banking at Bank of America, projects a 6% to 7% growth in net interest income NII in 2025, setting a new record. She made this point when speaking at a UBS financial services conference, emphasising that consumer banking would be crucial to this growth. By the fourth quarter of 2025, NII—the gap between revenue from loans and deposits—should have increased to between $15.5 billion and $15.7 billion. This growth expectation strengthens the banks sound financial position by reflecting its confidence in higher interest rates and more loan activity. With the expected increase in NII, Bank of America would achieve a significant milestone and show its tenacity in a changing economic climate. Read More..

B2B Tech News | 1 months ago        

IndiaIsrael Trade Poised for Tenfold Growth, Says Piyush Goyal

IndiaIsrael bilateral commerce may tenfold over the next 12 to 13 years, according to Commerce Minister Piyush Goyal, who emphasised the expansion of

IndiaIsrael bilateral commerce may tenfold over the next 12 to 13 years, according to Commerce Minister Piyush Goyal, who emphasised the expansion of both parties investments. Between April and November 2024, Indias total trade was $2.36 billion, including $1.31 billion in exports to Israel down 62.14% YoY and $1.05 billion in imports down 25.16% YoY. As part of the Viksit Bharat vision, Goyal reiterated Indias goal to become a $30–35 trillion economy by 2047 at the IndiaIsrael Business Forum. He emphasised Indias zerotolerance policy against terrorism and its dedication to international peace and security while also highlighting the connection between India and Israel, which is founded on democracy, economic resilience, and technology. Read More..

B2B Tech News | 1 months ago        

TrumpBacked World Liberty Financial Unveils Strategic Crypto Reserve

Donald Trump owns stock in World Liberty Financial WLF, a cryptocurrency platform that just announced a strategic token reserve to support Ethereum, B

Donald Trump owns stock in World Liberty Financial WLF, a cryptocurrency platform that just announced a strategic token reserve to support Ethereum, Bitcoin, and other popular cryptocurrencies. WLF stated in an X statement that the reserve wants to participate in decentralised finance initiatives, reduce market volatility, and establish strategic alliances with financial institutions. With Trump establishing his $Trump meme coin and Trump Media & Technology Group shifting into financial services, the Trump family has become increasingly involved in cryptocurrency. Reuters thinks that WLF has already sold $500 million worth of tokens. At the Ondo Summit, Trump Jr. recently advocated WLF, highlighting the financial function of cryptocurrencies and arguing for regulatory certainty to support sector expansion. Read More..

B2B Tech News | 1 months ago        

Lam Research to Invest $1.2 Billion in Karnataka, Boosting India’s Chip Industry

A significant milestone in Indias semiconductor aspirations was reached when U.S.based semiconductor toolmaker Lam Research announced a $1.2 billion 1

A significant milestone in Indias semiconductor aspirations was reached when U.S.based semiconductor toolmaker Lam Research announced a $1.2 billion 100 billion rupees investment in Karnataka, India. At the "Invest Karnataka" event, the firm and the Karnataka Industrial Area Development Board KIADB inked a Memorandum of Understanding. Indias $10 billion incentive scheme to grow its semiconductor industry, expected to reach $63 billion by 2026, aligns with this action. India hopes to compete with semiconductor hotspots like Taiwan as international chip companies invest more in the nation. The investment was hailed as a significant milestone by Indias IT minister, who reaffirmed trust in the countrys semiconductor ambition. Bengalurus home state of Karnataka remains a major technological and economic centre, bolstering Indias chipmaking industry. Read More..

B2B Tech News | 1 months ago        

Crypto Market Slows as Trump’s Trade Tariffs Weigh on Sentiment

Following U.S. President Donald Trumps proposed trade tariff regulations, the cryptocurrency market rise paused, with Bitcoin falling less than 1% to

Following U.S. President Donald Trumps proposed trade tariff regulations, the cryptocurrency market rise paused, with Bitcoin falling less than 1% to $96,890 globally and $97,563 in India. Ethereum did the same, dropping 1.60 per cent to $2,626 worldwide. Experts predict that if selling pressure continues, Bitcoin may test $91,000. At the same time, Litecoin and Monero saw modest gains, and altcoins like Ripple, Dogecoin, and Cardano experienced losses. The total value of the cryptocurrency market dropped 0.51% to $3.17 trillion. While shortterm traders are impacted by anxiety, analysts observe that longterm investors maintain their optimism. Due to positive mood, several altcoins, such as Cardano and Chainlink, exhibit indications of a reversal. Read More..

B2B Tech News | 1 months ago        

Emerson Reaffirms $265/Share Offer for Aspen as “Best and Final”

To purchase Aspen Technology AZPN.O, Emerson Electric EMR.N reiterated that $265 per share was its "best and final" price. The announcement comes afte

To purchase Aspen Technology AZPN.O, Emerson Electric EMR.N reiterated that $265 per share was its "best and final" price. The announcement comes after activist investor Elliott Management opposed the $7.2 billion tender offer by investing $1.5 billion in Aspen. Emerson wants to buy the remaining shares in the industrial software provider Aspen, which currently owns 57%. According to UBS analysts, Aspens break price is about $202, which reduces the likelihood of a price increase. The allcash tender offer expires on 10 March, contingent on meeting the minimum required shares. Read More..

B2B Tech News | 1 months ago        

Groq Secures $1.5 Billion from Saudi Arabia to Boost AI Chip Expansion

Saudi Arabia has committed $1.5 billion to help U.S. semiconductor firm Groq increase the delivery of AI chips. The Silicon Valley company, which spec

Saudi Arabia has committed $1.5 billion to help U.S. semiconductor firm Groq increase the delivery of AI chips. The Silicon Valley company, which specialises in AI inference processors that optimise speed, has an agreement with Aramco Digital to establish a regional AI hub. Groq has secured U.S. export permits for its chips and plans to utilise the money to expand its data centre in Dammam. The news was made at Saudi Arabias LEAP 2025 event, where $14.9 billion in AI investments were secured. The Dammam centre will support Allam, a Saudideveloped AI language model in Arabic and English. After receiving $640 million from investors like Cisco, Samsung Catalyst Fund, and BlackRock, Groq was valued at $2.8 billion in August. Read More..

B2B Tech News | 1 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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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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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.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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