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Microsoft Unveils Historic $2.70 Billion Investment in Brazil to Boost Cloud and AI Infrastructure

Microsoft will invest a groundbreaking 14.7 billion reais in Brazil over the next three years to improve its cloud computing infrastructure and artifi

Microsoft will invest a groundbreaking 14.7 billion reais in Brazil over the next three years to improve its cloud computing infrastructure and artificial intelligence capabilities. This is the biggest single investment the tech giant has ever made in Brazil. By the end of the decade, widespread use of AI is predicted to boost the nations economic growth by 4.2 percentage points. In 2020, Microsoft introduced the "Microsoft Mais Brasil" plan, which aims to build cloud and AI infrastructure across various São Paulo data centres and train 5 million people in AI. Vice President of Brazil Geraldo Alckmin highlighted Brazils potential to become a worldwide leader in AI, while Microsoft CEO Satya Nadella underlined the companys commitment to enabling AI transformation. Read More..

B2B Tech News | 2 months ago        

Google Parent Company Alphabet Announces Major $3.3 Billion Investment in South Carolina Data Centers

CEO Sundar Pichai of Alphabet Inc. said the company wanted to build two new data centres in South Carolina for $3.3 billion. The $2 billion facility i

CEO Sundar Pichai of Alphabet Inc. said the company wanted to build two new data centres in South Carolina for $3.3 billion. The $2 billion facility in Dorchester County, which will create 200 operational jobs, and the extra $1.3 billion for expanding the current data centre in Berkeley County are part of this initiative, which intends to promote infrastructure enabling AI applications. This declaration is consistent with Alphabets current capital expenditures, which hit $13 billion during the June quarter. The company plans to keep its quarterly spending at or above $12 billion for the rest of 2024. As evidenced by Microsofts recent collaboration to create a $30 billion fund for AI infrastructure development, this growth is a growing trend in the tech sector. Read More..

B2B Tech News | 2 months ago        

G20 Foreign Ministers Convene at UN, Urging Global Governance Reforms and Climate Action

G20 foreign ministers met for the first time at the UN at the HighLevel discussion of the General Assembly, focusing on sustainable development, hunge

G20 foreign ministers met for the first time at the UN at the HighLevel discussion of the General Assembly, focusing on sustainable development, hunger, poverty, and reforms to global governance. Despite vast resources, UN SecretaryGeneral António Guterres denounced the continued existence of world hunger and urged G20 countries to prioritise this issue. Additionally, he urged immediate action on climate change, stressing the need to cut back on the usage of fossil fuels and treble the capacity of renewable energy sources by 2030. South African President Cyril Ramaphosa emphasised the significance of restructuring the global financial system to address the rising disparities in society. Luiz Inacio Lula da Silva, the president of Brazil, emphasised economic inequality and argued for taxes on the ultrawealthy to reroute funds to development and climate action, thus bolstering the UNs position in international governance. Read More..

B2B Tech News | 3 months ago        

Saudi Aramco Raises $3 Billion in Islamic Bonds Amid Strong Demand

With successfully issuing twopart Islamic bonds sukuk, Saudi Aramco has raised $3 billion for its second debt market venture of the year. A robust dem

With successfully issuing twopart Islamic bonds sukuk, Saudi Aramco has raised $3 billion for its second debt market venture of the year. A robust demand that surpassed original forecasts helped the state oil company sell $1.5 billion in fiveyear sukuk at a spread of 85 basis points over U.S. Treasuries and another $1.5 billion in 10year notes at 100 basis points. This action is being taken as Aramco, now producing at a capacity of around 25% below capacity, is ready to pay $124.3 billion in dividends for 2024, up from $97.8 billion the previous year. With reduced oil prices and profit margins resulting from OPEC+ production cutbacks, the loan is intended to finance capital expenditures. Read More..

B2B Tech News | 3 months ago        

Total Linhas Aereas Aims to Be First NonAsian Airline to Order COMAC’s C919 Aircraft

Brazils Total Linhas Aereas, a cargo and charter airline, wants to buy aircraft from Chinas stateowned Commercial Aircraft Corporation of China COMAC

Brazils Total Linhas Aereas, a cargo and charter airline, wants to buy aircraft from Chinas stateowned Commercial Aircraft Corporation of China COMAC before any other firm outside of Asia. With controlling partner Paulo Almada scheduled to visit COMAC in October, the airline wants to purchase up to four C919 aircraft. Industry insiders doubt the C919s dependability and support system in Brazil, even though this possible agreement may improve BrazilChina aviation relations ahead of Chinese President Xi Jinpings official visit in November. Although the C919s do not yet have international certification, Total plans to use them for charter flights and is in talks with the China Development Bank to get funding. Read More..

B2B Tech News | 3 months ago        

Blackstone Announces £10 Billion AI Data Center Investment in Northeast England

The British Prime Ministers Office stated that U.S. private equity giant Blackstone has confirmed an investment of £10 billion $13.3 billion in an ar

The British Prime Ministers Office stated that U.S. private equity giant Blackstone has confirmed an investment of £10 billion $13.3 billion in an artificial intelligence data centre in northeast England. 1,200 of the 4,000 jobs this project will create—construction on the site will start next year. Originally planned to house an electric car battery plant before the demise of the Britishvolt venture, the data centre will be situated on a previously abandoned site in Blyth, Northumberland. A further indication of Blackstones commitment to the regions economic growth is its intention to donate £110 million to support local skill training and transit infrastructure. Read More..

B2B Tech News | 3 months ago        

SpaceX Eyes $1.5 Billion Investment in Vietnam to Boost Starlink Services

To overcome delays in the launch of its Starlink satellite services, Elon Musks SpaceX intends to invest $1.5 billion in Vietnam. After meeting SpaceX

To overcome delays in the launch of its Starlink satellite services, Elon Musks SpaceX intends to invest $1.5 billion in Vietnam. After meeting SpaceXs Tim Hughes in New York, President To Lam announced that the Vietnamese government was considering making this investment. Hughes said the total investment might be as much as $15 billion, although he did not specify the scope or timing of the project. Vietnam, a country of 100 million people, offers a sizable market for American internet providers, but dependable service delivery is hampered by antiquated infrastructure and geographical restrictions. Although legislative obstacles, such as local ownership restrictions and data storage requirements, continue to worry, the alliance hopes to improve disaster response and education Read More..

B2B Tech News | 3 months ago        

Wiz Explores Share Sale Amid Valuation Aspirations of $15B to $20B

Americas Bloomberg News reports that Israeli cybersecurity firm Wiz is considering selling its current stock, with a target of $15 billion to $20 bill

Americas Bloomberg News reports that Israeli cybersecurity firm Wiz is considering selling its current stock, with a target of $15 billion to $20 billion. A $500 million to $700 million tender offer for existing shareholders interests would be possible under the proposed deal. Wiz had earlier this year ended talks with Alphabet, the parent company of Google, over a planned $23 billion transaction that would have raised the companys worth substantially after a $1 billion investment round in May. Lightspeed Venture Partners, G Squared, and Thrive Capital are the venture companies that might be engaged in this possible purchase. Using artificial intelligence, Wiz, a leader in cloudbased cybersecurity solutions, assists businesses in identifying and reducing major threats on cloud platforms. Read More..

B2B Tech News | 3 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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