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Microsoft Commits $4.3 Billion Investment in France, Emphasizes AI Sector Growth

At the yearly Choose France business gathering, Microsoft President and Vice Chair Brad Smith revealed the companys ambitions to spend 4 billion euros

At the yearly Choose France business gathering, Microsoft President and Vice Chair Brad Smith revealed the companys ambitions to spend 4 billion euros $4.3 billion in France. The artificial intelligence AI industry will be the focus of a large amount of this investment. Furthermore, Microsoft has plans to construct a data centre in Mulhouse, France. This investment demonstrates Microsofts dedication to promoting innovation and developing technology in France, especially in artificial intelligence AI, which has enormous potential to propel scientific development and economic growth. Read More..

B2B Tech News | 1 months ago        

SoftBank CFO Forecasts Return to Growth Trajectory, Backed by Strong Quarterly Results

In contrast to the previous year, SoftBank Group recorded a quarterly net profit of 328.9 billion yen $2.11 billion from January to March. The corpora

In contrast to the previous year, SoftBank Group recorded a quarterly net profit of 328.9 billion yen $2.11 billion from January to March. The corporations Chief Financial Officer had previously hinted at a return to growth trajectory. While SoftBank has always prioritised technological investments, it has yet to take a significant interest in generative AI models such as ChatGPT. Nonetheless, Arm Holdings, the companys primary asset, is valued more partly due to AIs potential. SoftBank has now had two successful quarters in a row, although it was losing money for the entire year. After threequarters of profit, SoftBanks investment subsidiary, the Vision Fund, reported a loss on investments, slightly compensating for prior losses. Read More..

B2B Tech News | 1 months ago        

Foreign Minister S Jaishankar Expects Chabahar Port Agreement to Unlock Investment Opportunities

According to Foreign Minister S Jaishankar, the official signing of the Chabahar Port deal with Iran is anticipated to open up enormous investment and

According to Foreign Minister S Jaishankar, the official signing of the Chabahar Port deal with Iran is anticipated to open up enormous investment and connectivity potential. After discussions over partner combinations, the agreement is ready to promote longlasting relationships, especially in port administration. Indias strategic engagement seeks to facilitate access to Central Asian markets by integrating Chabahar with the International NorthSouth Transport Corridor INSTC. In addition to improving connectivity for Indian traders and investors, this serves the interests of landlocked Central Asian countries by providing them with access to the Indian Ocean Region and Indian markets. Irans only port with direct ocean access, Chabahar, is intended to avoid using Pakistans ports and is an essential commercial gateway. Jaishankar also outlined future government goals and the nuances of the free trade deal between India and the UK. Read More..

B2B Tech News | 1 months ago        

Indias Imports from FTA Countries Surge 38% to USD 187.92 Billion

According to statistics from the Global Trade Research Initiative GTRI, Indias imports from nations with free trade agreements FTAs, including the Uni

According to statistics from the Global Trade Research Initiative GTRI, Indias imports from nations with free trade agreements FTAs, including the United Arab Emirates, South Korea, and Australia, showed a significant growth of almost 38% over the fiscal year 2019–24, reaching USD 187.92 billion. On the other hand, exports to these FTA partners increased from USD 107.20 billion in 2018–19 to USD 122.72 billion in the fiscal year 2023–24, a 14.48% increase. The sharp increase in imports shows how much FTAs have changed the dynamics of Indias international commerce. Significantly, exports to the United Arab Emirates and Australia increased once free trade agreements were implemented, and exports to ASEAN nations also increased significantly. Indias ranking in global exports stands at 17th, with a 1.8% share, while it ranks 8th in global imports, holding a 2.8% share. Ajay Srivastava, cofounder of GTRI and former Indian Trade Service officer, provided insights into the data. Read More..

B2B Tech News | 1 months ago        

Amazon Commits Over 1.2 Billion Euros Investment in French Operations

Amazon declared that it would invest more than 1.2 billion euros in its French business to generate fulltime employees there. This pledge aligns with

Amazon declared that it would invest more than 1.2 billion euros in its French business to generate fulltime employees there. This pledge aligns with the yearly "Choose France" event in France when several businesses make significant investment pledges. To help Frances generative AI industry, which is expanding, Amazon Web Services AWS intends to improve logistical infrastructure in the AuvergneRhôneAlpes region and strengthen the Paris areas cloud infrastructure. France is being recognised as a centre for AI innovation due to the rise in demand for cloud services by the widespread use of generative AI. Amazon is still investing, which shows how committed it is to the French market since 2010, it has made over 20 billion euros in investments and employed over 22,000 people permanently in its cloud and online retail businesses. Read More..

B2B Tech News | 1 months ago        

Global Citizen NOW Conference A Call to Invest in Africas Youth and Global Changemakers

The Global Citizen NOW conference emphasised the necessity of assisting young changemakers worldwide and investing in Africas youthful population. The

The Global Citizen NOW conference emphasised the necessity of assisting young changemakers worldwide and investing in Africas youthful population. The event sought to raise awareness of the critical role of leaders in politics, industry, and philanthropy in reducing poverty by prioritising healthcare and education in developing countries. CEO Hugh Evans stressed the need for decisive citizenled initiatives in the wake of global unrest and emphasised action. Funding demands for African economic growth and emergency education were among the main appeals. Wellknown people like Hugh Jackman and Michelle Yeoh expressed their support, with Doug Emhoff emphasising males responsibilities in battling sexism. Osi Umenyiora emphasised athletic potential, whereas Danai Gurira stressed African selfdetermination. The conferences commitment to advancing global progress via collaborative action and engagement of Generation Z was highlighted by plans for an economic summit to be held in Ivory Coast. Read More..

B2B Tech News | 1 months ago        

NPCI International Collaborates with Bank of Namibia to Launch Instant Payment System

To create an immediate payment system for Namibia that is comparable to Indias Unified Payment Interface UPI, NPCI International, the National Payment

To create an immediate payment system for Namibia that is comparable to Indias Unified Payment Interface UPI, NPCI International, the National Payments Corporation of Indias NPCI abroad branch, has teamed up with the Bank of Namibia BoN. The objective of this partnership is to bring Namibias financial scene up to date by improving affordability, accessibility, and integration with both local and global payment networks. By enhancing realtime PersontoPerson P2P and Merchant payment transactions P2M in Namibia, the collaboration aims to offer its people digital financial services. The effort intends to decrease cash reliance and boost financial inclusion, especially in the rural and informal sectors, by utilising technology and experiences from Indias UPI. By 2025, NPCI and BoN aim to have all payment instruments fully interoperable and to provide a safe and effective National Payment System. Read More..

B2B Tech News | 1 months ago        

Isybank Attracts 90,000 New Customers Amid Regulatory Setback for Intesa Sanpaolo

A setback to Intesas fintech goals occurred when its digital subsidiary, Isybank, gained over 90,000 new customers after an antitrust ruling stopped t

A setback to Intesas fintech goals occurred when its digital subsidiary, Isybank, gained over 90,000 new customers after an antitrust ruling stopped the movement of current consumers. The competition authorities required express authorization before moving a client, which impacted Intesas goal of moving 2.3 million customers. Nevertheless, Intesa hopes to have one million more Isybank customers by the following year. Massimo Proverbio, chief technology officer, pointed out that delays impacted the current client strategy but not the shift to digital. Isybank, fueled by Thought Machines core banking technology in London and cloud services from Telecom Italia and Alphabet, encountered legal challenges as digital service usage increased in Europes banking sector. With plans for Intesas further migration by 2026, BNP Paribas hopes to achieve significant cloud integration by 2025. Read More..

B2B Tech News | 1 months ago        



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