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OpenAI Partners with Kakao to Develop AI Products in South Korea

This week, OpenAI revealed its second major Asian partnership a collaboration to build artificial intelligence products with Kakao of South Korea. CEO

This week, OpenAI revealed its second major Asian partnership a collaboration to build artificial intelligence products with Kakao of South Korea. CEO Sam Altman is in the region to meet with Indian Prime Minister Narendra Modi, who has announced a partnership with Japans SoftBank Group. With a focus on AI and communications, Kakao, the company behind the popular messaging app KakaoTalk, wants to include OpenAIs technology in its offerings. Altman emphasised the value of Korean businesses contributions to the Stargate data centre project in the United States. Additionally, he met with SK Group and intends to meet with Samsungs head. With significant investment, the South Korean government hopes to establish a national AI computing centre. After the news, Kakaos stock increased. Read More..

B2B Tech News | 3 months ago        

Finance Minister Nirmala Sitharaman Unveils BharatTradeNet to Streamline Trade Documentation

BharatTradeNet BTN, a single digital network created to expedite trade documentation and funding, was unveiled by Finance Minister Nirmala Sitharaman

BharatTradeNet BTN, a single digital network created to expedite trade documentation and funding, was unveiled by Finance Minister Nirmala Sitharaman in the Union Budget 2025. BTN seeks to integrate essential parties, such as exporters, banks, the Directorate General of Foreign Trade, customs, and the Goods and Services Tax Network, to eliminate paperbased procedures and lower traderelated expenses. Furthermore, ₹2,250 crore has been suggested for an Export Promotion Mission. The ministries of finance, micro, small and mediumsized businesses MSME, and trade and industry will work together to advance this aim. It seeks to make export finance accessible, boost crossborder factoring, and help MSMEs deal with nontariff trade restrictions in foreign markets. Read More..

B2B Tech News | 3 months ago        

Ecuador and Canada Finalize Trade Agreement to Boost Job Growth Across Multiple Sectors

After months of negotiations, Ecuadorean President Daniel Noboa declared on social media that a new trade agreement was finalised between Ecuador and

After months of negotiations, Ecuadorean President Daniel Noboa declared on social media that a new trade agreement was finalised between Ecuador and Canada. The deal is anticipated to boost job development in several industries, including flowers, canned tuna, textiles, and auto components. To establish a more sustainable and fair trade partnership, Noboa emphasised that the agreement contains pledges from both nations respecting labour and environmental policy. Read More..

B2B Tech News | 3 months ago        

SoftBank and OpenAI Form Joint Venture to Deliver AI Solutions to Japanese Corporates

Masayoshi Son, the CEO of SoftBank Group, and Sam Altman, the CEO of OpenAI, unveiled a new joint venture on Monday that will offer artificial intelli

Masayoshi Son, the CEO of SoftBank Group, and Sam Altman, the CEO of OpenAI, unveiled a new joint venture on Monday that will offer artificial intelligence services to Japanese business clients. This partnership is a component of SoftBanks more significant intention to invest $15 billion to $25 billion in OpenAI. In addition, SoftBank is investing $15 billion in a joint venture called Stargate, which will be partnered with OpenAI and Oracle to improve AI capabilities in the United States. Son made his second public appearance besides Donald Trump since his election as president earlier that month when the Stargate initiative was introduced. This week, Japanese Prime Minister Shigeru Ishiba is set to meet Trump for the first time. Read More..

B2B Tech News | 3 months ago        

India’s Review of Crypto Policies Follows U.S. Move to Regulate Digital Assets

According to Economic Affairs Secretary Ajay Seth, India is reevaluating its stance on cryptocurrencies in light of shifting worldwide perceptions of

According to Economic Affairs Secretary Ajay Seth, India is reevaluating its stance on cryptocurrencies in light of shifting worldwide perceptions of virtual assets. The U.S., where President Donald Trump proposed the creation of a cryptocurrency working group to regulate digital assets and investigate a national cryptocurrency stockpile, is one of the countries that has recently implemented cryptofriendly regulations. Seth underlined that as cryptocurrencies are international assets, Indias stance cannot be unilateral. Indian investors are still using cryptocurrencies despite strict laws and steep trade taxes. In contrast to the central banks warnings about the economic hazards posed by offshore exchanges, the Financial Intelligence Unit FIU has taken action against them for noncompliance, and last year, Indias market regulator expressed a willingness to allow private virtual assets. Read More..

B2B Tech News | 3 months ago        

Union Budget 202526 New Tax Slabs Exempt ₹12 Lakh Earners from Income Tax

With new tax bands and no income tax on yearly incomes up to ₹12 lakh, or ₹1 lakh per month, the Union Budget 2025–2026 seeks to assist the midd

With new tax bands and no income tax on yearly incomes up to ₹12 lakh, or ₹1 lakh per month, the Union Budget 2025–2026 seeks to assist the middle class while encouraging savings and spending. Enhancing MSMEs credit, farmer loans, and rural development assistance are essential. The budget invests significantly in the four development engines—agriculture, MSMEs, investment, and exports. With revised return filing timeframes and adjustments to TDS thresholds, direct tax reforms target the middle class. To emphasise the significance of democracy, demography, and demand in Indias growth trajectory, the government strongly emphasises infrastructure investment, export promotion, and local manufacturing. Read More..

B2B Tech News | 3 months ago        

RBI’s $5 Billion Dollar/Rupee Swap Auction Set to Attract Strong Interest

On Friday, six bankers predict substantial interest from banks and corporate treasuries in the Reserve Bank of Indias RBI 5 billion dollar/rupee buyse

On Friday, six bankers predict substantial interest from banks and corporate treasuries in the Reserve Bank of Indias RBI 5 billion dollar/rupee buysell swap auction. This sixmonth dollar/rupee swap is a component of the RBIs plan to counteract the rupees depreciation by injecting roughly 1.5 trillion rupees $17.33 billion into the banking system. The RBI will buy spot dollars at the auction to improve rupee liquidity and temporarily decrease dollar availability. Corporate treasuries are expected to take part in obtaining forward money. There are differing views on the precise premium levels. Still, most bankers believe the auction will see significant oversubscription and that the cutoff premium will be near current market rates. The auction is designed to accommodate multiple bids at different prices, with the RBIs ongoing interventions likely to stabilize the auction cutoff levels. Read More..

B2B Tech News | 3 months ago        

El Salvador Implements Bitcoin Reforms After $1.4 Billion IMF Loan Agreement

Following a $1.4 billion loan deal with the International Monetary Fund IMF, El Salvador is enacting changes to the usage of Bitcoin in its industrial

Following a $1.4 billion loan deal with the International Monetary Fund IMF, El Salvador is enacting changes to the usage of Bitcoin in its industrial and banking sectors. The government has made Bitcoin payments optional for local retailers to meet IMF requirements. The countrys legislature supported this choice, with only two parliamentarians voting against the reform and 55 in favour. According to lawmaker Elisa Rosales, the legislation would improve Bitcoins status as legal cash and encourage its practical application. The IMF agreement, reached in December 2024, stipulates that taxes must only be collected in US dollars and include steps to restrict the public sectors exposure to Bitcoin. El Salvadors prior cryptofriendly policies attracted Web3 firms, but the country faced IMF scrutiny since April 2024 due to its Bitcoin legislation. Read More..

B2B Tech News | 3 months ago        



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