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Ark Investment Management Reveals Stake in OpenAI, MicrosoftBacked AI Company

Cathie Woodled Ark Investment Management said that it has invested in Microsoftbacked OpenAI. As of April 10, 2024, Bloomberg News reported that corre

Cathie Woodled Ark Investment Management said that it has invested in Microsoftbacked OpenAI. As of April 10, 2024, Bloomberg News reported that correspondence to Arks clients indicates that Arks Venture Fund is an investor in OpenAI. Arks $54 million venture capital fund made the investment, demonstrating the companys interest in cuttingedge businesses in the artificial intelligence domain. This action aligns with Arks plan to further diversify its holdings across various industries by investing in innovative technology with the potential for longterm development. Read More..

B2B Tech News | 1 years ago        

Uday Kotak Warns of Global Turbulence Amidst Higher US Inflation Figures

The founder of Kotak Mahindra Bank, Uday Kotak, has warned about possible global instability in the wake of the US inflation data that came in higher

The founder of Kotak Mahindra Bank, Uday Kotak, has warned about possible global instability in the wake of the US inflation data that came in higher than expected in March. Given the 3.5 per cent annual rate of US inflation and the recent $90 price of Brent crude oil, Kotak projects continued increases in interest rates worldwide, including in India. In light of the US presidential elections in November, he says the Federal Reserve may contemplate lowering interest rates. Treasury rates and stock markets were also impacted by the latest US inflation statistics, which crushed expectations of an early rate decrease. Meanwhile, Chinas consumer inflation declined in March, indicating continued economic difficulties and possibly calling for further intervention. Read More..

B2B Tech News | 1 years ago        

Vodafone Idea Vi Plans Rs 18,00020,000 Crore FPO to Tackle Debt, Operational Challenges

To raise between Rs 18,000 and Rs 20,000 crore, Vodafone Idea Vi intends to establish an FPO with support from Jefferies, SBI Caps, and Axis Capital.

To raise between Rs 18,000 and Rs 20,000 crore, Vodafone Idea Vi intends to establish an FPO with support from Jefferies, SBI Caps, and Axis Capital. The action is intended to alleviate the telecom companys substantial debt load and operating deficits in the face of intense industry rivalry. As a significant stakeholder, Vi has had support from the government and promises from anchor investors. The subscriber base is still dropping despite recent share issuance to Oriana Investments Pvt Ltd, highlighting the necessity of infrastructure investment to improve service quality and keep subscribers. Vis stock is down around 2 per cent on the National Stock Exchange as of trades close, trading at Rs 12.65. Read More..

B2B Tech News | 1 years ago        

PhonePe Partners with Nepals eSewa and HAN Pokhara for Fewa New Year Festival

PhonePe and the Hotel Association of Nepal HAN Pokhara have partnered to promote digital payments using UPI on Nepals Fonepay Network from April 11–

PhonePe and the Hotel Association of Nepal HAN Pokhara have partnered to promote digital payments using UPI on Nepals Fonepay Network from April 11–14 during the Fewa New Year Festival. With more than 3,000 participating businesses and 100,000 attendees expected, the event offers a perfect venue for spreading awareness of digital payments. PhonePe intends to carry out inperson activations to inform nearby retailers and highlight the practicality of UPI payments via engaging activities and kiosks. To encourage the uptake of UPI on the Fonepay Network in Nepal, Ritesh Pai, CEO of PhonePes International Payments division, underlined the need for merchant education and awareness campaigns. Read More..

B2B Tech News | 1 years ago        

PhonePe Partners with Nepals eSewa and HAN Pokhara for Fewa New Year Festival

PhonePe and the Hotel Association of Nepal HAN Pokhara have partnered to promote digital payments using UPI on Nepals Fonepay Network from April 11–

PhonePe and the Hotel Association of Nepal HAN Pokhara have partnered to promote digital payments using UPI on Nepals Fonepay Network from April 11–14 during the Fewa New Year Festival. With more than 3,000 participating businesses and 100,000 attendees expected, the event offers a perfect venue for spreading awareness of digital payments. PhonePe intends to carry out inperson activations to inform nearby retailers and highlight the practicality of UPI payments via engaging activities and kiosks. To encourage the uptake of UPI on the Fonepay Network in Nepal, Ritesh Pai, CEO of PhonePes International Payments division, underlined the need for merchant education and awareness campaigns. Read More..

B2B Tech News | 1 years ago        

AWS Ordered to Pay $525 Million in Patent Infringement Case

An Illinois federal jury has sentenced tech startup Kove to pay $525 million to Amazon Web Services, the top cloud service provider under Amazon.com,

An Illinois federal jury has sentenced tech startup Kove to pay $525 million to Amazon Web Services, the top cloud service provider under Amazon.com, for infringing on its patent rights relating to datastorage technology. Three Kove patents that are essential to AWSs capacity to store and retrieve massive amounts of data from the cloud were deemed to have been infringed by the jury. A representative for Amazon said that the corporation disagrees with the decision and intends to appeal. Koves legal representative celebrated the decision as a victory for creativity and the defence of intellectual property rights, particularly for upstarts taking on industry heavyweights. Chicagobased Kove filed a complaint against Amazon in 2018, arguing that the company invented highperformance cloud storage technology long before the cloud era. The complaint claimed that AWS services, including Amazon S3 and DynamoDB, violated Koves patents. Although it dismissed claims of deliberate infringement, the Read More..

B2B Tech News | 1 years ago        

Googles Alphabet Announces $1 Billion Investment in U.S.Japan Subsea Cables

Google, a division of Alphabet, has revealed a significant $1 billion commitment to improve digital connection between Japan and the United States. Pr

Google, a division of Alphabet, has revealed a significant $1 billion commitment to improve digital connection between Japan and the United States. Proa and Taihei, two new undersea cables developed as part of this plan, will improve the connection between the United States and Japan and with other Pacific Island nations and territories. This action aligns with U.S. and Japanese efforts to create robust networks in the Pacific area, emphasising security and trust. Such infrastructure expenditures become more critical as China and the United States compete for influence in the Pacific, especially about the U.S.s goal of gaining supremacy in telecommunications, which it views as a critical national security asset. Googles participation in constructing these underwater cables demonstrates its dedication to expanding global digital connectivity. Read More..

B2B Tech News | 1 years ago        

USIP Report Urges U.S. Refinement of Africa Policy, Focus on Critical Minerals

In a study, the United States Institute of Peace USIP urged the United States to improve its Africa strategy, particularly emphasising vital minerals.

In a study, the United States Institute of Peace USIP urged the United States to improve its Africa strategy, particularly emphasising vital minerals. To combat export restrictions and market manipulation by geopolitical competitors, it is recommended that the diplomatic and economic presence of mining hubs throughout Africa be strengthened. This appeal coincides with attempts to counter China, which leads the continent in investment in Africas extractive industries. Notably, Chinese businesses deal with Zambia, a key producer of copper and cobalt, and own substantial investments in the Democratic Republic of the Congos DRC cobalt production. To alleviate Americas significant reliance on imported vital minerals needed for electric car batteries and other applications, the research suggests stationing more diplomatic and commercial personnel from the United States in mining centres. Read More..

B2B Tech News | 1 years 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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