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Mitsubishi Eyes Fujitsus Shinko Electric for Semiconductor Entry

To enter the semiconductor industry, Mitsubishi Corp. is considering a bid for Fujitsus Shinko Electric Industries, a chip packaging business. Buyout

To enter the semiconductor industry, Mitsubishi Corp. is considering a bid for Fujitsus Shinko Electric Industries, a chip packaging business. Buyout firms and Japan Investment Corp. have expressed interest in Fujitsus sale of its 50% stake in Shinko Electric. Although negotiations are in their early stages, Mitsubishi and one of these prospective buyers may submit a joint bid. The sale, estimated at $2.6 billion, would raise issues for the national economys security. Japan recently invested in chip production to revive its semiconductor sector. In light of the fluctuating energy prices, Mitsubishi has expanded into the semiconductor industry. Read More..

B2B Tech News | 2 years ago        

Personalized Solutions and Efficient Operations AIs Business Transformation

Artificial intelligence has stirred significant changes in the business landscape, acting as a catalyst for transformation. For instance, AIs capacity

Artificial intelligence has stirred significant changes in the business landscape, acting as a catalyst for transformation. For instance, AIs capacity to rapidly process large volumes of data enables swifter and more informed decisionmaking. Additionally, AIs proficiency in analyzing extensive datasets allows for predictive analysis. Moreover, AI enhances customer experiences by enabling personalized interactions, anticipating customer needs, and offering solutions. Furthermore, it contributes to cost reduction in business operations. The automation of routine tasks allows companies to allocate resources more strategically, ultimately reducing operational expenses. Read More..

B2B Tech News | 2 years ago        

Toyota Accelerates EV Ambitions with SolidState Battery Collaboration

Toyota, Japans leading automaker, has partnered with the major Japanese oil company Idemitsu to develop technology for massproducing solidstate batter

Toyota, Japans leading automaker, has partnered with the major Japanese oil company Idemitsu to develop technology for massproducing solidstate batteries for electric vehicles EVs. This collaboration is a significant move for Toyota, aiming to catch up with competitors like Tesla and BYD in the EV market. Toyota has been slower to enter the EV market due to its focus on successful hybrid vehicles like the Prius. Toyota and Idemitsu plan to commercialize solidstate batteries by 20272028, leveraging Toyotas production expertise and Idemitsus material technologies. Toyotas CEO, Koji Sato, expressed confidence in their progress, emphasizing the stability and durability of the materials developed. Read More..

B2B Tech News | 2 years ago        

Singapore Takes the Lead in AI and ML Investment

Singaporean businesses are leading the world in AI and ML investment, according to a study by Workday, a cloudbased finance and HR solutions provider.

Singaporean businesses are leading the world in AI and ML investment, according to a study by Workday, a cloudbased finance and HR solutions provider. The "CSuite Global AI Indicator Report," which surveyed 2,355 global business leaders, focuses on the impact of AI and ML on the workforce. The research reveals that Singaporean companies allocate an average of 24% of their annual budget to AI and ML, outpacing the United States 22% and Canada 21%, as well as the global average of 18%. Additionally, Singaporean businesses are optimistic about the longterm potential of AI and ML, with half of the respondents believing these technologies will significantly enhance human capabilities. Read More..

B2B Tech News | 2 years ago        

ZoomInfo Utilizes AI for Accurate Global B2B Data at Scale

ZoomInfo, a platform for customer acquisition and growth, has announced a significant expansion of its global B2B data. It now encompasses 321 million

ZoomInfo, a platform for customer acquisition and growth, has announced a significant expansion of its global B2B data. It now encompasses 321 million professional contacts at 104 million companies, with a particular focus on international markets in Europe, Asia, and Australia, offering access to over 200 million business contacts outside of North America. This expansion enhances the capabilities of sales and marketing teams targeting international markets, with a commitment to data accuracy through AI technology and a dedicated research team of 300+ experts verifying data. Read More..

B2B Tech News | 2 years ago        

Asias Yokogawa Electric Corporation Strengthens Avelias SAF Initiative

Yokogawa Electric Corporation, based in Asia, has become the first industrial automation customer to join Avelia, a blockchain platform for sustainabl

Yokogawa Electric Corporation, based in Asia, has become the first industrial automation customer to join Avelia, a blockchain platform for sustainable aviation fuel SAF. Avelia, launched in 2022 with Shell and Accentures involvement, along with support from the Energy Web Foundation and American Express Global Business Travel, aims to boost the demand for SAF to support the aviation industrys goal of achieving netzero emissions. SAF, when used independently, can reduce carbon emissions by up to 80% compared to traditional fossil fuels and is a key element in decarbonizing air travel. Read More..

B2B Tech News | 2 years ago        

Liontowns Bold Leap After Albemarles Exit

To secure funding for its Kathleen Valley lithium project, which is expected to start producing lithium next year, Australian lithium producer Liontow

To secure funding for its Kathleen Valley lithium project, which is expected to start producing lithium next year, Australian lithium producer Liontown Resources has halted trade. This action comes after U.S.based miner Albemarle withdrew its $4.16 billion buyout offer due to "growing complexities." Gina Rineharts company Hancock Prospecting, which she controls, increased its stake in Liontown to 19.9%, potentially blocking the Albemarle offer. The capital cost of Liontowns project, estimated at A$951 million, will be paid for by completing a finance package, which is anticipated to include equity raising. Ford, Tesla, and LG Energy have supply agreements for the project. Read More..

B2B Tech News | 2 years ago        

Rite Aid Files for Chapter 11 Amid Opioid Crisis Battle

Rite Aid filed for Chapter 11 bankruptcy on Sunday to be shielded from claims about the American drug problem. The action enables the pharmacy chain t

Rite Aid filed for Chapter 11 bankruptcy on Sunday to be shielded from claims about the American drug problem. The action enables the pharmacy chain to respond to legal claims and obtain $3.45 billion in fresh financing from lenders. Rite Aid has $7.65 billion in assets and $8.60 billion in total obligations. Elizabeth Burr, who had been acting as CEO, was replaced as the new CEO by Jeffrey Stein. Underperforming stores will be closed, and affected staff will be transferred, the firm plans. Rite Aid runs 2,000 shops in 17 states and is a defendant in cases relating to the opioid problem. It now joins a litany of businesses facing legal troubles relating to opioids due to this bankruptcy. Read More..

B2B Tech News | 2 years ago        



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Refresh Your Facts

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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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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