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Dannar and BMW Collaborate to Develop Innovative Electric HeavyDuty Vehicle

Dannar and BMW partnered to create specialized electric vehicle batteries for offroad use. They designed an innovative electric heavyduty vehicle for

Dannar and BMW partnered to create specialized electric vehicle batteries for offroad use. They designed an innovative electric heavyduty vehicle for disaster response and infrastructure maintenance. In 2020, their combination of Dannars mobile energy storage and BMWs EV batteries caught the attention of the AFWERX energy innovation challenge, a US Air Force initiative. They are currently working to replace Dannars 50gallon fuel tank range extender with fuel cells and plan to build a largescale fuel cellequipped EV charging station. Led by the Defense Innovation Unit, this initiative aims to develop durable, longrange fuel cells for heavyduty applications, addressing overheating concerns with a new polymerbased material. Advent brings valuable connections to enhance Dannars partnership with the Defense Department, although military uses have not been explored yet. Read More..

B2B Tech News | 2 years ago        

B2B startup funding soars to $3.5 Billion, despite broader investment slowdown

Several venture capital funds in India are adjusting their investment strategies to align with the global trend of increasing investment in companies

Several venture capital funds in India are adjusting their investment strategies to align with the global trend of increasing investment in companies catering to other businesses. The India eConomy Report, a collaborative effort by Google, Bain & Company, and Temasek, predicts substantial growth in Indias B2B Business to Business ecommerce and SaaS markets by 2030. Investments in B2B startups have surged, with total investments reaching $3.5 billion in 2021 and $8.5 billion since 2015. Despite a broader investment slowdown, equity investments in B2B startups reached $2.1 billion in 2022. In response to tighter funding, investors are now favoring startups with measured growth and lower cash burn, with a growing interest in sustainable unit economics. Read More..

B2B Tech News | 2 years ago        

UAW strike wave expands Mack trucks employees demand better deal

Approximately 3,900 members of the United Auto Workers UAW employed at Mack Trucks will commence a strike on Monday after the majority rejected a tent

Approximately 3,900 members of the United Auto Workers UAW employed at Mack Trucks will commence a strike on Monday after the majority rejected a tentative agreement between the UAW and the company. The vote against the agreement was decisive, with 73% of UAW members opposing it. The strike is set to begin at 7 a.m. in facilities located in Pennsylvania, Maryland, and Florida. This strike will join the ongoing strikes by tens of thousands of other UAW members, primarily over 25,000 employees at General Motors, Ford, and Stellantis, which began on September 15. The Mack Trucks deal fell far short of UAWs demands, sparking disappointment among workers who viewed it as a letdown compared to the ongoing negotiations with Detroits major automakers. Read More..

B2B Tech News | 2 years ago        

Brent and WTI oil prices climb 4.5% as Israel faces surprise Hamas attack

Oil prices jumped by 4% as the IsraelHamas conflict entered its third day due to a surprise attack by Hamas on Israel. The global benchmark, Brent, ro

Oil prices jumped by 4% as the IsraelHamas conflict entered its third day due to a surprise attack by Hamas on Israel. The global benchmark, Brent, rose by 4.53% to $88.41 a barrel, and U.S. West Texas Intermediate futures increased by 4.69% to $88.67 per barrel on Monday. This attack involved land, sea, and air infiltration and occurred during a major Jewish holiday, following rocket attacks from Gaza into Israel. Analysts believe that while theres a temporary oil price spike, a sustained impact would require a significant disruption in oil supply or transport, which isnt currently happening. The conflict doesnt directly threaten major oil sources, but its close to a key oilproducing and exporting region. Read More..

B2B Tech News | 2 years ago        

Banking Titans Unite for $900B Climate Resilience Pledge

In a closeddoor meeting, senior executives from multilateral development banks discuss ways to increase their lending capacity and help nations prepar

In a closeddoor meeting, senior executives from multilateral development banks discuss ways to increase their lending capacity and help nations prepare for climate change and other issues. The main topic of discussion during the meeting is the valuation of callable capital, which represents shareholder commitments to assist the company in dire circumstances. The principal lending branches of the World Bank may be able to lend up to $900 billion more if credit rating firms change their procedures and callable capital allowances. The main objective is to maintain their AAA credit ratings, which allow them to provide lowinterest loans to poor countries. Given the climate issue, U.S. Treasury Secretary Janet Yellen has urged multilateral development banks to include callable capital in their capital adequacy frameworks. Read More..

B2B Tech News | 2 years ago        

Exxons $60 Billion Power Play in the Permian Basin

The largest transaction of the year and Exxons most extensive since the acquisition of Mobil Oil in 1998 would see Exxon Mobil buy Pioneer Natural Res

The largest transaction of the year and Exxons most extensive since the acquisition of Mobil Oil in 1998 would see Exxon Mobil buy Pioneer Natural Resources for almost $60 billion. Exxons position in the Permian Basin, the largest oilfield in the United States, is secured by the acquisition, guaranteeing ten years of lowcost production. The agreement gives ownership of the Permian Basin to four significant American oil companies. Experts predict that the merger will likely go through despite possible antitrust investigation because it only accounts for a small portion of the global oil and gas industry. Exxon recovered from losses by making expense reductions and profiting from high energy prices. Pioneer is the thirdlargest oil producer in the Permian Basin, renowned for its cheap production costs. Read More..

B2B Tech News | 2 years ago        

AMD Boosts AI Ambitions with Nod.ai Acquisition

By acquiring the artificial intelligence startup Nod.ai, Advanced Micro Devices AMD is stepping up its efforts to take on Nvidia. AMD is investing sig

By acquiring the artificial intelligence startup Nod.ai, Advanced Micro Devices AMD is stepping up its efforts to take on Nvidia. AMD is investing significantly in software to go along with its cuttingedge AI CPUs to improve its software capabilities. Nvidia has a competitive advantage in the AI processor industry thanks to its software and developer environment. The solution developed by Nod.ai makes deploying AI models designed for AMD chips easier, which is especially advantageous for large data centre operators. To accommodate the Nod.ai acquisition, AMD, a Santa Clara, Californiabased company, is establishing an AI group. The team will grow by 300 additional employees this year and more in 2024. It is AMDs second recent acquisition, and the company is still interested in making more to expand its portfolio. Read More..

B2B Tech News | 2 years ago        

Australias Changing Money Game, Making New Rules for Digital Wallets

To integrate digital wallet systems like Apple Pay and Google Pay into the financial regulatory framework, the Australian government is putting out le

To integrate digital wallet systems like Apple Pay and Google Pay into the financial regulatory framework, the Australian government is putting out legislation that would give the central bank regulatory control over these service providers. They now work outside of established payment mechanisms. The Reserve Bank of Australia would be given the right to regulate digital wallet transactions like credit card networks under the new regulations, and the treasurer would have the power to look into any concerns presented by payment platforms. The proposed rule aims to modernise payment system definitions in Australian laws to reflect the rising significance of digital payments in the nations changing financial landscape. Feedback from stakeholders is being sought until November 1 in anticipation of the legislations introduction in parliament later this year. Read More..

B2B Tech News | 2 years ago        



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