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Nio Partners with UK Startup Monolith to Revolutionize EV Battery Packs in Europe

To improve electric car battery packs throughout Europe, Nio and UKbased AI software firm Monolith have established a collaboration. With intentions t

To improve electric car battery packs throughout Europe, Nio and UKbased AI software firm Monolith have established a collaboration. With intentions to extend to China and enable interaction with other Chinese manufacturers, the partnership intends to start testing in five European markets. Monolith focuses on battery development and uses machine learning algorithms to close the gap between Western automakers and their Chinese rivals. Monolith works with leading manufacturers such as MercedesBenz, BMW, and Honda. With only a few minutes, consumers may evaluate the performance and endurance of batteries in realtime by using Nios unique batteryswapping service. With the help of investors like Pentech and Insight Partners, Monolith has raised about $22 million in capital. Read More..

B2B Tech News | 13 hours ago         

Raspberry Pi Unveils AI Camera for Advanced Visual Data Projects at $70

Designed for artificial intelligence AI projects and processes, Raspberry Pi has introduced the AI Camera, which lets users use external AI accelerato

Designed for artificial intelligence AI projects and processes, Raspberry Pi has introduced the AI Camera, which lets users use external AI accelerators like the Raspberry Pi AI Kit. The AI Camera, which retails for $70 in the United States and ₹7,899 backordered in India, has a 12megapixel Sony IMX500 Intelligent Vision Sensor that can record visual data at ten frames per second with a resolution of 4056 x 3040. It works with every Raspberry Pi model and combines improved picture processing with the camera software stack integration. The AI Camera is perfect for projects needing sophisticated visual data gathering and processing since it supports neural network frameworks like TensorFlow and PyTorch. Applications range from augmented reality to robots driven by AI. Read More..

B2B Tech News | 14 hours 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 | 6 days ago         

Orange Announces Plans to Delist from NYSE to Streamline Operations

Citing the cost of the secondary listing, French telecom operator Orange declared its plan to remove its shares from the New York Stock Exchange NYSE.

Citing the cost of the secondary listing, French telecom operator Orange declared its plan to remove its shares from the New York Stock Exchange NYSE. The board of directors decided to streamline internal operations and increase efficiency by lowering the substantial financial and administrative burden associated with preserving the SEC registration and NYSE listing. Orange promised that the delisting would not impact its partners, customers, or market share in the United States. To further streamline its operations, the business also intends to deregister two debt instruments previously issued on the NYSE. Read More..

B2B Tech News | 8 days ago         

BNP Paribas Boosts Assets to Over €40 Billion with HSBC Private Banking Acquisition

BNP Paribas has announced that it has acquired the German private banking division of HSBC to grow into the wealth management space. BNP Paribass asse

BNP Paribas has announced that it has acquired the German private banking division of HSBC to grow into the wealth management space. BNP Paribass assets under management would reach over €40 billion $44.64 billion following the purchase, which is anticipated to be completed in the second quarter of 2025. BNP CEO Vincent Lecomte said the purchase would strengthen the banks standing as a significant participant in private banking throughout the eurozone. The action above is consistent with HSBCs recent emphasis on Asia and its endeavours to optimise its operations by disengaging from many Western markets, such as the United States, France, and Canada, to concentrate on its fundamental competencies. Read More..

B2B Tech News | 8 days ago         

UK Government and FCA Unveil Consumer Composite Investments CCIs for Retail Disclosure Reform

On Thursday, the Financial Conduct Authority FCA and the British government revealed their intentions to change the retail disclosure laws in the UK a

On Thursday, the Financial Conduct Authority FCA and the British government revealed their intentions to change the retail disclosure laws in the UK and implement a brandnew system known as Consumer Composite Investments CCIs. The goal of the changes, which are scheduled to go into effect next year, is to offer "more tailored and flexible rules" to solve issues with the present disclosure obligations, especially concerning expenses. During the transition, investment trusts will also have a temporary exemption from several obligations of EUintegrated legislation. The goal of the revision is to make the regulatory environment better and more transparent for average investors. Read More..

B2B Tech News | 9 days ago         

Unicredit CEO Andrea Orcel Advocates for Merger with Commerzbank to Strengthen German Banking Sector

Strong support for a possible merger between Unicredit and Commerzbank has been voiced by Andrea Orcel, CEO of Unicredit, who believes it may signific

Strong support for a possible merger between Unicredit and Commerzbank has been voiced by Andrea Orcel, CEO of Unicredit, who believes it may significantly improve the competitive environment in the German banking industry. Retail customers and German Mittelstand businesses might gain from a stronger rival created by such a combination, according to Orcel. Although Unicredit now owns 9% of Commerzbank, he stressed that Commerzbanks stockholders ultimately choose to combine. Unicredit is willing to have more conversations, according to Orcel, but there is no deadline for doing so. Local management at Commerzbank has expressed opposition to Unicredits recent action, indicating that the idea has caused a stir. Read More..

B2B Tech News | 14 days ago         

Mistral Launches Pixtral 12B First Multimodal AI Model for Advanced Image Processing

With an emphasis on computer vision and the ability to respond to enquiries about uploaded photos or URLs, Mistral has released Pixtral 12B, its first

With an emphasis on computer vision and the ability to respond to enquiries about uploaded photos or URLs, Mistral has released Pixtral 12B, its first multimodal AI model. Pixtral cannot produce pictures, unlike models like Stable Diffusion or Midjourneys GANs. Pixtral 12B, released on GitHub and Hugging Face, has 12 billion parameters and needs a strong GPU or PC with NPU support. It is superior at word processing and imagerelated jobs since it is based on Mistrals Nemo 12B AI model. The model is free for personal and commercial usage and is licensed under an Apache 2.0 license. Read More..

B2B Tech News | 16 days ago         



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