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Grammarly Secures $1 Billion From General Catalyst to Expand AI Platform

Grammarly has obtained $1 billion in nondilutive funding from General Catalyst with the goal of growing its productivity platform driven by AI. Throug

Grammarly has obtained $1 billion in nondilutive funding from General Catalyst with the goal of growing its productivity platform driven by AI. Through the funding of sales, marketing, and strategic acquisitions, Grammarly will be able to improve its communicationbased AI products and include thirdparty AI tools. With 40 million users per day, the company intends to apply AI for enterprise solutions and process automation. Former Coda CEO Shishir Mehrotra highlighted Grammarlys transition from a onepurpose agent to an AIpowered platform. The funding arrangement guarantees that General Catalyst will get a revenuelinked capped return instead of an equity stake. With a 2021 valuation of $13 billion, Grammarly is still pursuing workplace innovation powered by AI. Read More..

B2B Tech News | 5 months ago        

ASEANGCCChina Summit Strengthens Trade Ties Amid Global Uncertainty

A historic trilateral conference, the ASEANGCCChina Summit in Kuala Lumpur, focused on economic cooperation in the face of uncertainty surrounding glo

A historic trilateral conference, the ASEANGCCChina Summit in Kuala Lumpur, focused on economic cooperation in the face of uncertainty surrounding global trade. ASEAN, GCC, and Chinese leaders pledged to improve trade relations, emphasising free trade agreements and interregional investment. With the three blocs total GDP of $24.87 trillion, Malaysian Prime Minister Anwar Ibrahim emphasised the potential for deepening innovation and synchronising markets. Beijings commitment to macroeconomic coordination and industrial cooperation was reiterated by Chinese Premier Li Qiang. With ASEAN extending its economic engagement with China and the Gulf states while maintaining a balance with the United States, the summit marks a strategic shift. Read More..

B2B Tech News | 5 months ago        

Ghana’s Cedi Surges 42% Against U.S. Dollar, Easing Debt Burden

Since January, Ghanas cedi has increased 42% vs the US dollar, greatly lowering the nations foreign debt load and enhancing fiscal stability. Tight mo

Since January, Ghanas cedi has increased 42% vs the US dollar, greatly lowering the nations foreign debt load and enhancing fiscal stability. Tight monetary policies, a successful IMF programme, and recordhigh gold prices have all contributed to the rebound, which has shocked investors and improved Ghanas economic prospects. Ghana has accelerated its debt sustainability goal by reducing its total debt by 150 billion cedis in just five months, according to President John Mahama. Citing falling cocoa and oil prices as well as IMF estimates that foresee depreciation, analysts caution that the rally might not endure. The central bank credits gains to robust remittance flows and cleaner foreign exchange auctions, but denies using foreign reserves to bolster the cedi. Read More..

B2B Tech News | 5 months ago        

IndiaU.S. Strategic Trade Dialogue Strengthens Bilateral Economic Cooperation

In Washington, U.S. Deputy Secretary of State Christopher Landau and Indias Foreign Secretary Vikram Misri met to restate their shared commitment to r

In Washington, U.S. Deputy Secretary of State Christopher Landau and Indias Foreign Secretary Vikram Misri met to restate their shared commitment to regional stability and economic cooperation. In keeping with the IndiaU.S. COMPACT strategy, which was introduced earlier this year, the meeting focused on techtradetalent as the cornerstone of IndiaU.S. strategic ties. While Misri emphasised bilateral trade expansion and technical collaboration, Landau emphasised the significance of equitable and reciprocal market access. Economic security measures were reinforced by discussions on counternarcotics cooperation and migration policy. The conversation is a sign of growing economic cooperation as both countries look to improve investment prospects and trade agreements in the face of shifting global market conditions. Read More..

B2B Tech News | 5 months ago        

RGE and TotalEnergies Partner to Develop Solar Power Plant in Indonesia

In order to build a solar power plant with battery energy storage in Indonesias Riau Province, Singapores Royal Golden Eagle RGE and Frances TotalEner

In order to build a solar power plant with battery energy storage in Indonesias Riau Province, Singapores Royal Golden Eagle RGE and Frances TotalEnergies have inked a coinvestment agreement. Under the direction of their joint venture, Singa Renewables, the project will be built in stages to support ASEANs Power Grid vision and Indonesias green energy transformation. Highlevel official support was demonstrated by the agreements signing in front of French President Emmanuel Macron and Indonesian President Prabowo Subianto. When finished, the project would export solar power to Singapore and provide clean energy to Indonesias industrial sector, enhancing regional energy security. Read More..

B2B Tech News | 5 months ago        

HP Cuts Annual Profit Forecast as U.S. Tariffs Impact PC Demand

Because of the impact of inflationary pressures and higherthanexpected U.S. tariffs on PC demand, HP has lowered its annual profit prediction. The bus

Because of the impact of inflationary pressures and higherthanexpected U.S. tariffs on PC demand, HP has lowered its annual profit prediction. The business downgraded its earlier forecast of $3.45 to $3.75 per share to $3.00 to $3.30 per share for fiscal 2025. In order to lessen its dependency on China, HP is speeding up production shifts to Vietnam, Thailand, India, Mexico, and the United States, according to CEO Enrique Lores. HPs secondquarter revenue of $13.22 billion was marginally higher than analysts had predicted, but tariffrelated expenses caused profit margins to decline. Although market volatility is still affecting consumer and corporate confidence, the company anticipates offsetting these expenses by Q4. Read More..

B2B Tech News | 5 months ago        

HSBC Launches Hong Kong’s First BankLed Blockchain Payment System

The first bankled blockchain payment system in Hong Kong was introduced by HSBC, allowing corporate clients to make tokenised deposits in real time. T

The first bankled blockchain payment system in Hong Kong was introduced by HSBC, allowing corporate clients to make tokenised deposits in real time. The service, which runs aroundtheclock to improve liquidity management, enables rapid USDHKD transactions between HSBC Hong Kong wallets. The project is in line with Project Ensemble, an investigation into blockchainbased financial solutions supported by the Hong Kong Monetary Authority. The first company to use the service was Ant International, which used HSBCs distributed ledger to complete an instant intragroup fund transfer. HSBC wants to strengthen its digital financial skills by extending the service to Asia and Europe. The action indicates that blockchain technology is increasingly being adopted by institutions in corporate treasury operations. Read More..

B2B Tech News | 5 months ago        

AfDB Lowers Africa’s 2025 Growth Forecast to 3.9% Amid Trade Tariff Uncertainty

Citing uncertainty around trade tariffs, the African Development Bank AfDB reduced its previous estimate of Africas growth in 2025 by 0.2 percentage p

Citing uncertainty around trade tariffs, the African Development Bank AfDB reduced its previous estimate of Africas growth in 2025 by 0.2 percentage points to 3.9%. The revision comes in the wake of fresh U.S. tariffs and trade partner retaliation, which have hurt Africas export markets and disrupted global demand. Additionally, the AfDB reduced its growth forecast for 2026 to 4.0%, citing persistent macroeconomic volatility. Ethiopia, Niger, Rwanda, and Senegal are predicted to top the 21 African economies in growth at 7% or above, despite obstacles. In light of changing dynamics in international trade, the bank underlined the necessity of changing policies to reduce risks and maintain economic resilience. Read More..

B2B Tech News | 5 months ago        



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