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Oracle Plans $1 Billion Investment in Spain for Cloud and AI Expansion

Oracle intends to invest more than $1 billion in Spain for the next ten years to expand its cloud computing and artificial intelligence offerings. Wit

Oracle intends to invest more than $1 billion in Spain for the next ten years to expand its cloud computing and artificial intelligence offerings. With Telefonica España, the investment will primarily go towards building a new cloud region in Madrid—Oracles third in the city. By guaranteeing adherence to EU laws such as the Digital Operational Resilience Act DORA, this effort seeks to enable the smooth transition of client workloads to Oracle Cloud Infrastructure. The head of Oracle Spain, Albert Triola, emphasized how the investment is helping Spanish businesses and government agencies faster embrace digital change. AI innovation is critical to improving corporate performance and advancing digitalization, according to José Luis Escrivá, Spains minister for digital transformation. Oracles partnerships with OpenAI and Google Cloud will expand its global cloud offerings. Read More..

B2B Tech News | 1 years ago        

Silicon Box Chooses Novara, Italy for New $3.4 Billion Chip Factory

According to those acquainted with the situation, Singaporebased semiconductor firm Silicon Box has chosen to site its new multibillioneuro chip plant

According to those acquainted with the situation, Singaporebased semiconductor firm Silicon Box has chosen to site its new multibillioneuro chip plant in Novara, situated in Italys industrialised northwest Piedmont area. Former Marvell executives created the business, which intends to invest 3.2 billion euros $3.4 billion in producing "chiplets" as part of a governmentbacked programme. These sandsized chipsets will be assembled using cuttingedge packaging processes, providing affordable solutions for various uses, including consumer electronics and data centres. The move highlights Italys continued attempts to draw in hightech investments after previous campaigns and partnerships with significant IT companies. The project is expected to create significant employment opportunities, with around 1,600 direct jobs anticipated at total operational capacity and indirect employment opportunities across construction, supply chains, and logistics sectors. Read More..

B2B Tech News | 1 years ago        

Coinbase Launches $2 Million Ad Campaign Targeting Latino Voters in U.S.

As part of more considerable attempts by the cryptocurrency sector to influence the forthcoming elections, Coinbase has started a $2 million advertisi

As part of more considerable attempts by the cryptocurrency sector to influence the forthcoming elections, Coinbase has started a $2 million advertising campaign targeted at Latino voters and customers in the U.S. In contrast to the typical 6.18% cost, the advertisement highlights the advantages of utilising USD Coin to transfer money overseas for free. It also promotes cryptocurrency as an alternative to standard remittance methods. There will be advertisements on Univision during the Copa America event, focusing on California, Texas, and Washington, D.C. The effort received support from former Los Angeles Mayor Antonio Villaraigosa, who brought out the differences in opportunity for communities of colour to generate wealth. The decision was made amid increased regulatory initiatives, political scrutiny around digital currencies, and substantial business investment in political elections this year. Read More..

B2B Tech News | 1 years ago        

Brazil Implements Stricter Guidelines for Energy Distribution Contracts

The Brazilian government has implemented harsher standards for renewing energy distribution contracts to strengthen restrictions and permit early canc

The Brazilian government has implemented harsher standards for renewing energy distribution contracts to strengthen restrictions and permit early cancellation or intervention if enterprises dont fulfil their contractual commitments. This action affects global energy companies such as Portugals EDP and Italys Enel, whose concession contracts expire in 2031. The governments attempts to force distributors to raise service standards are reflected in the new regulations, especially in light of the recent power outages that major Brazilian cities experienced due to natural disasters. Energy Minister Alexandre Silveira highlighted the seriousness of noncompliance, citing early contract termination or government involvement as potential consequences. This underscores the need for a strong accountability enforcement strategy in the energy industry. Read More..

B2B Tech News | 1 years ago        

UKs CMA Launches Probe into HPEs $14 Billion Juniper Networks Acquisition

To evaluate any possible competition issues in the UK, Britains Competition and Markets Authority CMA said that it will look into Hewlett Packard Ente

To evaluate any possible competition issues in the UK, Britains Competition and Markets Authority CMA said that it will look into Hewlett Packard Enterprises HPE planned $14 billion acquisition of Juniper Networks. HPE hopes to increase its artificial intelligence capabilities and double its networking business with this acquisition. August 14 is when the CMA must decide whether to take the inquiry to a higher level. HPE plans to close the purchase by the end of 2024 or the beginning of 2025, working with UK regulators to finish the required reviews and secure approval. Due to the Juneteenth holiday, which closed US markets during the announcement, Juniper Networks, a USbased company, has yet to comment. Read More..

B2B Tech News | 1 years ago        

Northvolt Clarifies Plans Amid Rumors of Borlange Plant Cancellation

The Swedish lithiumion battery manufacturer Northvolt made it clear that, in response to rumours indicating the projects abandonment, it is reevaluati

The Swedish lithiumion battery manufacturer Northvolt made it clear that, in response to rumours indicating the projects abandonment, it is reevaluating its plans for a new facility in Borlange, central Sweden. The business stressed that no decision has been made yet and that talks with stakeholders, including the municipality, are still underway. When the Borlange facility was first planned in 2022, it was intended to transform an outdated paper mill into a gigafactory that could produce more than 100 gigawatthours GWh of cathode material annually and employ up to 1,000 people. To satisfy growing demand from customers and investors, Northvolt aims to build a second battery facility in Canada in addition to the one it now operates in northern Sweden. Read More..

B2B Tech News | 1 years ago        

Dida Initiates IPO in Hong Kong, Targets $35 Million Raise

According to regulatory papers, Dida, a Chinese ridesharing app operator, started an initial public offering IPO in Hong Kong to raise HK$273.7 millio

According to regulatory papers, Dida, a Chinese ridesharing app operator, started an initial public offering IPO in Hong Kong to raise HK$273.7 million $35.06 million. The firm is scheduled to sell 39.1 million shares, priced between HK$5 and HK$7 a share. On June 26, final pricing is planned, and trade is anticipated to start two days later. With a greenshoe option to sell an additional 5.86 million shares, this offering accounts for 3.9% of Didas total share count. Didas market capitalization after the IPO would be about $900 million if priced at the top of the range. A smaller rival of Didi, called Dida, hopes to gain traction in the Hong Kong market after regulatory scrutiny forced Didi to delist from the US. Read More..

B2B Tech News | 1 years ago        

Amazon to Invest €10 Billion in Germany, Boosting Cloud and Retail Operations

To develop its cloud services and retail activities in the largest economy in Europe, Germany, Amazon announced a significant investment of 10 billion

To develop its cloud services and retail activities in the largest economy in Europe, Germany, Amazon announced a significant investment of 10 billion euros $10.75 billion. By 2026, most of this investment—8.8 billion euros—will go into improving Amazon Web Services AWS cloud infrastructure, emphasising artificial intelligence AIdriven technologies. German Chancellor Olaf Scholz applauded the decision, pointing out that it will generate more than 4,000 jobs this year and underscoring Germanys attraction to investors despite its present economic difficulties, such as rising energy prices and underinvestment. With this investment, Amazons planned investments in Germany now exceed 17.8 billion euros, demonstrating its continued commitment to growing its operational and data centre capacity throughout Europe. Read More..

B2B Tech News | 1 years ago        



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