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Volkswagen’s $5 Billion Bet on Rivian Signals EV Expansion

The $5 billion investment of Volkswagen Group in Rivian, which will create an evenly owned joint venture, highlights a significant change in the elect

The $5 billion investment of Volkswagen Group in Rivian, which will create an evenly owned joint venture, highlights a significant change in the electric vehicle EV market. Through this partnership, Volkswagen can use Rivians cuttingedge EV architecture and software to improve its competitiveness in EVs and resolve continuing software issues inside its Cariad subsidiary. In particular, the investment would enable Rivian to expedite the development of its future R2 SUVs, which are intended to be more widely accessible by early 2026. Through expected supply chain volumes and technological integration, the alliance is anticipated to provide operational efficiencies that will enable both businesses to manage the difficulties of the changing automotive industry and advance sustainable mobility solutions on a global scale. Read More..

B2B Tech News | 19 days ago      

Australia’s Reserve Bank Eyes Further Tightening Despite Household Strain

The Reserve Bank of Australia recognised the present tight monetary policy stance. It emphasised that additional tightening is still an option to redu

The Reserve Bank of Australia recognised the present tight monetary policy stance. It emphasised that additional tightening is still an option to reduce inflation, even though it acknowledges the financial hardship of high interest rates on consumers. Assistant Governor Christopher Kent emphasised that although the current cash rate of 4.35% has put many people in financial difficulty due to higher mortgage payments, it has also moderated demand growth and contributed to lower inflation. Despite inflation rising over its target range, the RBA has recently held off on raising interest rates, indicating a cautious stance in the face of conflicting economic data. Reiterating that the central bank is prepared to address inflation threats, Kent emphasised that future rate changes are subject to change while keeping a close eye on economic trends. Read More..

B2B Tech News | 19 days ago      

Singapore Port Congestion Peaks as Global Shipping Routes Adjust

The longterm vessel rerouting caused by Red Sea assaults, compounding the backlog at Singapores container port, underscores severe delays in internati

The longterm vessel rerouting caused by Red Sea assaults, compounding the backlog at Singapores container port, underscores severe delays in international maritime transportation. Ships that avoid the Red Sea dump more cargo in transhipment centres like Singapore, which leads to extreme traffic jams and delays. Backlogs are occurring in ports throughout Asia and Europe wait times are dramatically rising in essential hubs such as Port Klang, Tanjung Pelepas in Malaysia and Shanghai and Qingdao in China. Due to the congestion, container costs are rising, and there are logistical issues as businesses get ready for the yearend shopping season. The issue highlights persistent areas for improvement in global supply networks and the possibility of more price increases impacting consumers globally despite attempts to reduce congestion by enlarging port facilities. Read More..

B2B Tech News | 19 days ago      

Nvidia Bounces Back Shares Rise 7% Following Recent Market Volatility

Tuesday saw an almost 7% increase in Nvidia shares, reversing a threesession slump that had erased approximately $430 billion from the market capitali

Tuesday saw an almost 7% increase in Nvidia shares, reversing a threesession slump that had erased approximately $430 billion from the market capitalization of the AI chipmaker. The shares split 10for1 on June 10 and ended at $126.09, recovering from a 13% decline on June 18. Tom Hayes from Great Hill Capital explained the increase as a technical recovery following significant losses. With its shares up 154% this year, Nvidia is a major player in the techdriven stock market boom thanks to its status as the top supplier of AI chips. Despite recent worries over valuation, Nvidias market capitalization is still close to $3.1 trillion. With call options outpacing puts and individual investors purchasing the drop, investor sentiment is still optimistic. Read More..

B2B Tech News | 19 days ago      

Microsoft Concludes Groundbreaking Project Natick Underwater Datacenter Initiative

Microsoft has ended Project Natick, its groundbreaking underwater data centre project, despite significant accomplishments, according to Data Centre D

Microsoft has ended Project Natick, its groundbreaking underwater data centre project, despite significant accomplishments, according to Data Centre Dynamics. To increase data centre efficiency and environmental friendliness, a 38,000pound container powered by renewable energy was submerged in the water as part of the project initiated in 2015. After a promising first test off the coast of California, the servers were deployed in Scotland in 2018 and proved to be remarkably reliable—underwater servers were up to eight times more dependable than those on land. Even though Project Natick is over, the lessons learned will help with other initiatives in the future, such as datacenter liquid cooling techniques that are more sophisticated. Noelle Walsh of Microsoft highlighted the crucial lessons discovered on the effects of server vibration and underwater operations. Read More..

B2B Tech News | 19 days ago      

Reddit Tightens Robots.txt Rules to Block Unauthorized Data Scraping

Reddit has changed its Robots Exclusion Protocol robots.txt to stop illegal data scraping, especially from AI businesses that collect material without

Reddit has changed its Robots Exclusion Protocol robots.txt to stop illegal data scraping, especially from AI businesses that collect material without authorization. The action aims to ensure AI systems train material with proper attribution or consent. Reddit will continue to impose rate limits and prevent unidentified bots from scraping its website. This upgrade comes in the wake of allegations by Forbes and Wired that the AI search startup Perplexity was plagiarising material and concerns that certain AI companies were circumventing these regulations. Reddit promised its information would remain accessible to academics working for free and institutions such as the Internet Archive. Read More..

B2B Tech News | 19 days ago      

OpenAI Delays ‘Voice Mode’ Feature for ChatGPT to July Amid Technical Challenges

Due to technical difficulties, OpenAI has postponed the launch of its "Voice Mode" feature for ChatGPT by one month, until July. The delay is to provi

Due to technical difficulties, OpenAI has postponed the launch of its "Voice Mode" feature for ChatGPT by one month, until July. The delay is to provide a seamless and secure user experience. They were initially scheduled for a small group of ChatGPT Plus members in late June. The models content identification and user experience are being enhanced by OpenAI, which also sets out the scalability infrastructure. Despite the setback, the business is still dedicated to providing highquality services. After gathering feedback and conducting safety tests, they want to roll out "Voice Mode" to all ChatGPT Plus customers in the autumn. This delay occurs while OpenAI works to improve ChatGPT by adding additional features for screensharing and video and developing GPT4o for more sophisticated speech interactions. Read More..

B2B Tech News | 19 days ago      

BSNL Data Breach Exposes 278GB of Sensitive Information A Major Cybersecurity Incident

Athenian Tech reports that Bharat Sanchar Nigam Limited BSNL has suffered a significant data breach, with the hacker "kiberphant0m" gaining access to

Athenian Tech reports that Bharat Sanchar Nigam Limited BSNL has suffered a significant data breach, with the hacker "kiberphant0m" gaining access to over 278GB of critical data. International Mobile Subscriber Identity IMSI numbers, SIM card data, Home Location Register HLR information, DP card data, and screenshots of BSNLs SOLARIS servers are all included in the hack. At $5,000, this stolen data may lead to problems, including identity theft, SIM cloning, privacy breaches, and targeted fraud. Users should activate twofactor authentication and watch for strange bank and phone activities. To stop such instances, experts advise BSNL to move quickly to limit the breach, secure endpoints and audit logs, and improve security procedures. Read More..

B2B Tech News | 19 days ago