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SoftBank in Talks to Invest Up to $25 Billion in OpenAI Amidst AI Expansion

As it continues to grow its footprint in the AI space, SoftBank is allegedly in talks to invest $15 billion to $25 billion in OpenAI, the firm that cr

As it continues to grow its footprint in the AI space, SoftBank is allegedly in talks to invest $15 billion to $25 billion in OpenAI, the firm that created ChatGPT. The Stargate project, a joint venture between Oracle, OpenAI, and SoftBank that aims to invest up to $500 billion to retain U.S. leadership in AI against international competitors, may benefit from this investment. SoftBank plans to invest $40 billion in Stargate and OpenAI, having already committed $15 billion to Stargate. SoftBanks share price increased after Stargate was announced, but it has fallen more than 12% due to competition from DeepSeek, a Chinese business. With a $157 billion valuation, OpenAI is among the most valuable private corporations in the world. Read More..

B2B Tech News | 2 months ago        

Mexico’s Economy Set to Contract in Q4 2024, First Decline in Over Three Years

A Reuters poll predicts that Mexicos economy shrank from October to December 2024, its first quarterly fall in over three years. According to analysts

A Reuters poll predicts that Mexicos economy shrank from October to December 2024, its first quarterly fall in over three years. According to analysts, the GDP is expected to decline by 0.2% between the third and fourth quarters. If true, this would be the first quarteroverquarter decline since a 0.9% decline in Q3 2021. Mexicos GDP is expected to expand by 1.2% annually, which is a decrease from the 1.6% increase in the previous quarter. The National Statistics Institute INEGI will release the official fourthquarter GDP figures on Thursday. Read More..

B2B Tech News | 2 months ago        

India’s Union Budget 2025 A Strategic Move to Strengthen US Trade Relations

In light of President Trumps recent inauguration, Indias Union Budget 2025 presents a significant chance to improve commercial relations with the US.

In light of President Trumps recent inauguration, Indias Union Budget 2025 presents a significant chance to improve commercial relations with the US. Indias exportdriven growth has historically prioritised lowskilled manufacturing industries like leather and textiles. India must transition to highprecision goods to manage global economic uncertainty and promote longterm growth. Strategic tariff changes on imports of electronics, electrical machinery, and transportation equipment could serve as goodwill gestures to ease possible trade disputes with the United States. Globalisation has historically raised Indias level of life by the 2020s, the percentage of foreign trade in the countrys GDP had risen from 11% in the 1960s to almost 50%. By encouraging fair trade practices and lowering trade barriers, the new budget seeks to build on these gains. Read More..

B2B Tech News | 2 months ago        

Air FranceKLM Explores Sustainable Aviation Fuel Collaboration with Portuguese Partners

As Portugal prepares to privatise its national airline, TAP, Air FranceKLM is actively investigating possible work on sustainable aviation fuel SAF wi

As Portugal prepares to privatise its national airline, TAP, Air FranceKLM is actively investigating possible work on sustainable aviation fuel SAF with Portuguese partners. In a recent meeting with stakeholders in Lisbon, Air FranceKLM highlighted its position as the worlds largest purchaser and user of SAF while discussing sustainability initiatives. Other big airlines, such as Lufthansa and British Airways parent firm IAG, are interested in purchasing shares in TAP, which is why the talks are taking place. In 2023, Air FranceKLM committed to sustainability by integrating 80,000 metric tonnes of SAF into its operations, whereas TAP has used very little green fuel. With businesses like Galp Energia aiming to develop bio jet fuel by 2026, Portugal hopes to use its renewable resources to improve SAF projects. Read More..

B2B Tech News | 2 months ago        

World Bank President Ajay Banga Urges Caution in Response to Trump Administration Policies

In response to the pronouncements made by U.S. President Donald Trumps administration, World Bank President Ajay Banga advised world officials to refr

In response to the pronouncements made by U.S. President Donald Trumps administration, World Bank President Ajay Banga advised world officials to refrain from rushing into decisions and to take their time evaluating how proposed policies are being implemented. In an interview at the Mission 300 Africa Energy Summit in Dar es Salaam, Banga stressed the significance of comprehending Trumps pragmatic approach and suggested that it is crucial to communicate the advantages for both parties. His remarks came while tensions between the United States and Colombia were on the rise, including a possible trade dispute that was resolved when Colombia agreed to take in deported migrants. The World Banks activities were not immediately affected by travel restrictions, Banga added in response to concerns. He also reaffirmed the World Banks commitment to a fourday workweek. Read More..

B2B Tech News | 2 months ago        

HSBC to Wind Down M&A and Equities Operations in Europe and Americas, Focus on Asia

To concentrate on Asia and the Middle East, HSBC plans to shut down its mergers and acquisitions M&A and certain equity businesses in Europe and the A

To concentrate on Asia and the Middle East, HSBC plans to shut down its mergers and acquisitions M&A and certain equity businesses in Europe and the Americas. According to CEO Michael Roberts, the bank aims to switch to a more competitive financingled business while keeping its M&A and equity capital markets operations mainly in Asia. This reorganisation reflects HSBCs continuous attempts to increase returns and focus on lucrative areas after its past difficulties in lowyield markets. The decision aligns with more significant European bank tendencies to reduce investment banking, even though details regarding job losses and possible savings are still unknown. Analysts opinions on the plan are divided, especially regarding support for debt financing without M&A advisory duties. Read More..

B2B Tech News | 2 months ago        

Nvidia Shares Plunge 17% Amid Fears of LowCost Chinese AI Rivalry

Concerns about a lowcost Chinese AI model endangering the companys hegemony led to Mondays massive selloff in Nvidias shares, which suffered a record

Concerns about a lowcost Chinese AI model endangering the companys hegemony led to Mondays massive selloff in Nvidias shares, which suffered a record loss of almost 17% or $593 billion in market value. But on Tuesday, the stock rose nearly 7%, and options traders immediately returned to being positive. After dropping as low as 1.36to1 on Monday, call options, which indicate a favourable outlook, outpaced put options 1.6to1. By early afternoon, almost 5.4 million Nvidia options contracts had been traded, about double the usual volume. Notwithstanding the volatility, analysts observed that investor interest in Nvidia and AI technology was still high due to recent encouraging advancements. Read More..

B2B Tech News | 2 months ago        

World Economic Forum 2025 Concludes with Emphasis on Global Collaboration Amid Uncertainty

The World Economic Forum Annual Meeting 2025, which included 500 sessions and over 3,000 leaders from 130 nations covering politics, economy, environm

The World Economic Forum Annual Meeting 2025, which included 500 sessions and over 3,000 leaders from 130 nations covering politics, economy, environment, and conflicts, ended with a call for cooperation in the face of global uncertainty. With five union ministers and two pavilions, India demonstrated a high level of participation. The subjects focus, "Collaboration for the Intelligent Age," was promoting global security, strengthening resilience, and opening up new technologies. WEF founder Klaus Schwab emphasised that it takes a group effort to shape the future. Calls for peace in conflict areas were part of the discussions, and prominent world leaders like US President Donald Trump, UN SecretaryGeneral Antonio Guterres, and Ukrainian President Volodymyr Zelenskyy made significant contributions by emphasising the value of cooperation, understanding, and hope in tackling global issues. Read More..

B2B Tech News | 2 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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