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OpenAI Acquires Rockset to Boost Enterprise AI Capabilities

To strengthen its corporate product offerings, OpenAI, supported by Microsoft, bought Rockset, a startup that specialised in realtime search and datab

To strengthen its corporate product offerings, OpenAI, supported by Microsoft, bought Rockset, a startup that specialised in realtime search and database analytics. This was one of OpenAIs most significant purchases, with Rockset valued at several hundred million dollars. The transaction was carried out via OpenAI shares. OpenAIs capability to manage realtime data processing and vector search will be improved by integrating Rocksets technology, wellknown for its use in AIdriven activities such as chatbots and anomaly detection. This integration aims to increase the efficiency and precision of OpenAIs AI models information retrieval by strengthening its enterprise tools. This action highlights OpenAIs goal to enter the competitive business AI sector and compete with big firms like Google and Anthropic, going beyond consumer applications like ChatGPT. Read More..

B2B Tech News | 4 months ago        

Naspers Reports Stellar Earnings Surge Fueled by Ecommerce and Tencent

Thanks to contributions from Tencent, a Chinese company, and solid results in its ecommerce division, Naspers announced a significant rise in fullyear

Thanks to contributions from Tencent, a Chinese company, and solid results in its ecommerce division, Naspers announced a significant rise in fullyear earnings. For the year ended March 31, the companys core headline profits per share from continuing operations more than doubled to 1,148 U.S. cents, up from 546 cents the year before. Consolidated ecommerce activities exceeded expectations, averaging $24 million in trading profit over the previous year $435 million in loss. Naspers reported an 8% increase in consolidated sales to $6.4 billion, with its food delivery and classifieds divisions driving this development. Through Prosus, a subsidiary registered in Amsterdam, the corporation still manages its investments, concentrating on industries including food delivery, education software, and payments. Read More..

B2B Tech News | 4 months ago        

California CPUC Denies AT&T Request to End Landline Telephone Services

In a decision that may impact more than 580,000 families throughout the state, the Public Utilities Commission of California has denied AT&Ts request

In a decision that may impact more than 580,000 families throughout the state, the Public Utilities Commission of California has denied AT&Ts request to stop serving as the "carrier of last resort" for landline telephone services. The CPUC stressed that AT&T must keep providing dependable phone services, including 911 access, until appropriate alternatives are available, notwithstanding the companys request in March 2023 to stop providing these services. As the business moves towards more contemporary communication technology, AT&T California President Marc Blakeman reaffirmed the companys dedication to keeping consumers connected. In addition to announcing a new rulemaking procedure to amend laws in light of market developments and technical improvements, CPUC emphasised AT&Ts critical role in guaranteeing universal access to essential telephone services. Amid these changes, AT&T reported on compliance with Federal Communications Commission reviews and possible legislative actions to Read More..

B2B Tech News | 4 months ago        

Oracle Plans $1 Billion Investment in Spain for Cloud and AI Expansion

Oracle intends to invest more than $1 billion in Spain for the next ten years to expand its cloud computing and artificial intelligence offerings. Wit

Oracle intends to invest more than $1 billion in Spain for the next ten years to expand its cloud computing and artificial intelligence offerings. With Telefonica España, the investment will primarily go towards building a new cloud region in Madrid—Oracles third in the city. By guaranteeing adherence to EU laws such as the Digital Operational Resilience Act DORA, this effort seeks to enable the smooth transition of client workloads to Oracle Cloud Infrastructure. The head of Oracle Spain, Albert Triola, emphasized how the investment is helping Spanish businesses and government agencies faster embrace digital change. AI innovation is critical to improving corporate performance and advancing digitalization, according to José Luis Escrivá, Spains minister for digital transformation. Oracles partnerships with OpenAI and Google Cloud will expand its global cloud offerings. Read More..

B2B Tech News | 4 months ago        

Silicon Box Chooses Novara, Italy for New $3.4 Billion Chip Factory

According to those acquainted with the situation, Singaporebased semiconductor firm Silicon Box has chosen to site its new multibillioneuro chip plant

According to those acquainted with the situation, Singaporebased semiconductor firm Silicon Box has chosen to site its new multibillioneuro chip plant in Novara, situated in Italys industrialised northwest Piedmont area. Former Marvell executives created the business, which intends to invest 3.2 billion euros $3.4 billion in producing "chiplets" as part of a governmentbacked programme. These sandsized chipsets will be assembled using cuttingedge packaging processes, providing affordable solutions for various uses, including consumer electronics and data centres. The move highlights Italys continued attempts to draw in hightech investments after previous campaigns and partnerships with significant IT companies. The project is expected to create significant employment opportunities, with around 1,600 direct jobs anticipated at total operational capacity and indirect employment opportunities across construction, supply chains, and logistics sectors. Read More..

B2B Tech News | 4 months ago        

Coinbase Launches $2 Million Ad Campaign Targeting Latino Voters in U.S.

As part of more considerable attempts by the cryptocurrency sector to influence the forthcoming elections, Coinbase has started a $2 million advertisi

As part of more considerable attempts by the cryptocurrency sector to influence the forthcoming elections, Coinbase has started a $2 million advertising campaign targeted at Latino voters and customers in the U.S. In contrast to the typical 6.18% cost, the advertisement highlights the advantages of utilising USD Coin to transfer money overseas for free. It also promotes cryptocurrency as an alternative to standard remittance methods. There will be advertisements on Univision during the Copa America event, focusing on California, Texas, and Washington, D.C. The effort received support from former Los Angeles Mayor Antonio Villaraigosa, who brought out the differences in opportunity for communities of colour to generate wealth. The decision was made amid increased regulatory initiatives, political scrutiny around digital currencies, and substantial business investment in political elections this year. Read More..

B2B Tech News | 4 months ago        

Brazil Implements Stricter Guidelines for Energy Distribution Contracts

The Brazilian government has implemented harsher standards for renewing energy distribution contracts to strengthen restrictions and permit early canc

The Brazilian government has implemented harsher standards for renewing energy distribution contracts to strengthen restrictions and permit early cancellation or intervention if enterprises dont fulfil their contractual commitments. This action affects global energy companies such as Portugals EDP and Italys Enel, whose concession contracts expire in 2031. The governments attempts to force distributors to raise service standards are reflected in the new regulations, especially in light of the recent power outages that major Brazilian cities experienced due to natural disasters. Energy Minister Alexandre Silveira highlighted the seriousness of noncompliance, citing early contract termination or government involvement as potential consequences. This underscores the need for a strong accountability enforcement strategy in the energy industry. Read More..

B2B Tech News | 4 months ago        

UKs CMA Launches Probe into HPEs $14 Billion Juniper Networks Acquisition

To evaluate any possible competition issues in the UK, Britains Competition and Markets Authority CMA said that it will look into Hewlett Packard Ente

To evaluate any possible competition issues in the UK, Britains Competition and Markets Authority CMA said that it will look into Hewlett Packard Enterprises HPE planned $14 billion acquisition of Juniper Networks. HPE hopes to increase its artificial intelligence capabilities and double its networking business with this acquisition. August 14 is when the CMA must decide whether to take the inquiry to a higher level. HPE plans to close the purchase by the end of 2024 or the beginning of 2025, working with UK regulators to finish the required reviews and secure approval. Due to the Juneteenth holiday, which closed US markets during the announcement, Juniper Networks, a USbased company, has yet to comment. Read More..

B2B Tech News | 4 months 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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