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Reddit Strikes $60 Million Deal with Google for AI Model Training

According to reports, Reddit and Google have reached an annual agreement worth $60 million for Reddits material to train the search engine giants AI m

According to reports, Reddit and Google have reached an annual agreement worth $60 million for Reddits material to train the search engine giants AI models. In response to competition from platforms such as Facebook and TikTok, Reddit is diversifying its revenue streams in anticipation of its highly anticipated Initial Public Offering IPO. Reddit and Google both declined to comment on the collaboration. Still, it is noteworthy since this is the first time Reddit has reportedly worked with a large AI firm to monetise its site. Reddit hopes to give investors an overview of its financials and sell 10% of its shares when it files for an Initial Public Offering IPO this week. Read More..

B2B Tech News | 7 hours ago        

Former Disney Star Bridgit Mendler Ventures into Space Industry with Northwood Space

Former Disney actress Bridgit Mendler is breaking into the space market with her business, Northwood Space. Northwood hopes to transform satellite dat

Former Disney actress Bridgit Mendler is breaking into the space market with her business, Northwood Space. Northwood hopes to transform satellite data transfer and provide more effective and convenient space access by constructing ground stations in large quantities. Northwood intends to simplify data transfer for satellite operators, with an initial focus on low Earth orbit satellites and has received significant finance from wellknown investors, including Founders Fund and Andreessen Horowitz. Northwood aims to meet the increasing need for dependable and easily accessible ground stations by providing quick deployment times and adaptability. Mendler wants to make space travel more accessible to all people and increase the influence of space technologies on Earth. Read More..

B2B Tech News | 4 days ago        

Rising Unemployment in South Africa Heightens Pressure on ANC Ahead of Elections

With 7.9 million unemployed people, South Africas unemployment rate increased by 46,000 from the previous quarter to 32.1% in Q4 2023. Ahead of the ne

With 7.9 million unemployed people, South Africas unemployment rate increased by 46,000 from the previous quarter to 32.1% in Q4 2023. Ahead of the next elections, this presents a severe threat to the African National Congress ANC, which is now in power. The startling 59.4% youth unemployment rate exacerbates worries about job growth. Over several decades, the ANCs support has gradually decreased due to broken promises about economic progress. According to polls, the ANC could receive less than 50% of the vote in the national election, which might lead to the firstever instance of coalition government at the federal level. To subvert ANC supremacy, the Democratic Alliance is considering establishing alliances. The election date is still pending it is anticipated to occur in May or August. Read More..

B2B Tech News | 4 days ago        

Occidental Petroleum Considers Selling Western Midstream Partners to Reduce Debt

Western Midstream Partners, an American operator of natural gas pipelines, is estimated to be worth close to $20 billion, including debt, and is being

Western Midstream Partners, an American operator of natural gas pipelines, is estimated to be worth close to $20 billion, including debt, and is being considered for sale by Occidental Petroleum. Supported by Warren Buffetts Berkshire Hathaway, Occidental is looking at this disposal to lower the $18.5 billion in debt it has accrued via purchases like the recent $12 billion purchase of CrownRock. Following the announcement, shares of Western Midstream increased 5.7%, finishing at the highest level since July 2019. JPMorgan Chase advises Occidental, which owns 49% of Western Midstream and manages its operations, on how to maximise the value of its stake. Major competitors such as Enterprise Products Partners, Williams Companies, Kinder Morgan, infrastructure funds, and private equity groups are possible purchasers of Western Midstream. Read More..

B2B Tech News | 4 days ago        

Indonesia Introduces New Incentives to Boost Electric Vehicle Sales and Industry Growth

To hasten the adoption of environment friendly automobiles and draw capital to its developing domestic EV sector, Indonesia has introduced new incenti

To hasten the adoption of environment friendly automobiles and draw capital to its developing domestic EV sector, Indonesia has introduced new incentives to boost the sales of domestically and imported EVs. Among these incentives are eliminating the luxury tax on electric vehicles EVs for the 2024 fiscal year and the import tax exemption through the end of 2025. In addition, existing tax relief for electric vehicle purchasers will be prolonged by lowering the valueadded tax from 11% to 1% for the current year, which ends at the end of 2023. By taking these steps, the government intends to encourage domestic automakers to invest in the nation and increase demand for EVs. By 2030, Indonesia hopes to generate 600,000 EVs internally by using its substantial nickel deposits, an essential material for EV batteries, to become a leading EV production hub. Read More..

B2B Tech News | 4 days ago        

Nvidia Surpasses Tesla as Wall Streets Most Traded Stock, Reflecting AI Investment Trend

With its recent climb, Nvidia has displaced Tesla as the most traded stock by value on Wall Street, demonstrating the increasing popularity of AIrelat

With its recent climb, Nvidia has displaced Tesla as the most traded stock by value on Wall Street, demonstrating the increasing popularity of AIrelated investments among investors. Meanwhile, the chipmakers dominance in daily trading also makes us worry about our susceptibility if sales growth falls short of our optimistic projections. Several experts have suggested that anything less than spectacular results in Nvidias impending quarterly report might undo the recent upswing. The recent decline in the stock, which has Nvidias average daily trading volume of $30 billion compared to Teslas $22 billion, indicates investor anxiety ahead of the report. This change in the mechanics of trading highlights the importance of AIrelated equities in the current market, with Nvidia leading the way. But questions remain about whether momentum rather than fundamentals drives the trading frenzy. Read More..

B2B Tech News | 4 days ago        

Gujarats Top Companies Reach Rs 14.7 trillion in Cumulative Value Hurun India 500

The 2023 Burgundy Private Hurun India 500 lists at least 31 of the most valuable firms in India, with a combined valuation of Rs 14.7 trillion, in Guj

The 2023 Burgundy Private Hurun India 500 lists at least 31 of the most valuable firms in India, with a combined valuation of Rs 14.7 trillion, in Gujarat. With a valuation of Rs 2.6 trillion, Adani Enterprises holds the top spot, followed by Adani Green Energy, Adani Ports, and Adani Special Economic Zone. Adani Group firms had a 50% decline in value throughout the review period. Still, following a Supreme Court verdict, they significantly increased. Gujarats newcomers are primarily in the healthcare industry, with Torrent Pharmaceuticals leading. Meanwhile, 25 enterprises, led by ITC, with a combined worth of Rs 10.9 trillion, are in West Bengal. Rs 22 trillion is contributed by 61 enterprises in Karnataka, including 35 startups, with Infosys leading the way. Furthermore, Tamil Nadu is home to 42 significant businesses with a cumulative value of Rs 10 trillion, led by Cholamandalam Investment and Finance Company. Read More..

B2B Tech News | 4 days ago        

Nvidia Surpasses Amazon in Market Capitalization, Hits Record High

With a record high of $734.96 on Monday, Nvidia momentarily overtook Amazon.com Inc. in market capitalization. With a total market value of $1.82 tril

With a record high of $734.96 on Monday, Nvidia momentarily overtook Amazon.com Inc. in market capitalization. With a total market value of $1.82 trillion, it is just short of Alphabet, the company that owns Google, at $1.87 trillion. This placed Nvidia at number four on the list of the most valuable American firms. The last time Nvidias valuation exceeded that of Amazon was in 2002. Following Amazons impressive Christmas quarter sales, investors anxiously anticipate Nvidias quarterly earnings on February 21. The companys stock has increased 47% this year due to anticipation of strong demand for its generative AIsupporting technologies. Nvidias stock has surged due to its emphasis on AI, positioning it as the bestperforming of the "Magnificent Seven" firms. Read More..

B2B Tech News | 4 days ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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