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GLOBAL NEWS

Ant Group Invests $3.26B in R&D, Signals Deepening AI and Fintech Focus

A record $3.26 billion 23.45 billion yuan was spent on research and development by Chinas Ant Group in 2024, the fourth year in a row that spending ha

A record $3.26 billion 23.45 billion yuan was spent on research and development by Chinas Ant Group in 2024, the fourth year in a row that spending has climbed. The funding, which was disclosed in its 2024 sustainability report, highlights Ants foray into fintech and artificial intelligence in the context of Chinas larger technological aspirations. Alipays parent business is now rebuilding following regulatory hurdles that prevented its 2020 initial public offering. Alibaba, Ants parent company, is rapidly expanding AI globally as well, investing $52 billion over three years on cloud and AI infrastructure. Ants R&D priorities complement Alibabas intentions to extend Qwen LLMs to international data centres as well as its alliances with Microsoft, Nvidia, and Siemens. This action demonstrates Chinas strategic focus on AI leadership and the modernisation of digital banking. Read More..

B2B Tech News | 1 months ago      

U.S.–China Sign Trade Pact Granting Rare Earth Access, Easing Tech Tensions

A recent trade agreement between the United States and China allows Chinese students to attend American institutions and gives American firms access t

A recent trade agreement between the United States and China allows Chinese students to attend American institutions and gives American firms access to rare earth materials. Following previous negotiations in Geneva and London that reduced tariff tensions, President Trump announced the agreement, which Commerce Secretary Howard Lutnick confirmed. While the U.S. will relax some limitations on Chinese nationals, China will speed up export certifications for rare earths, which are essential for technology and defence. Both sides referred to the agreement as "signed and sealed," but neither party provided exact volumes or deadlines. In light of the uncertain global economy, the agreement represents a major deescalation in trade hostilities and reflects shared efforts to stabilise supply chains and strengthen bilateral connections. Read More..

B2B Tech News | 1 months ago      

Piyush Goyal to Meet Exporters Amid May Decline and West Asia Tensions

On June 30, Commerce Minister Piyush Goyal will meet with exporters and business executives to discuss Indias export difficulties in the context of We

On June 30, Commerce Minister Piyush Goyal will meet with exporters and business executives to discuss Indias export difficulties in the context of West Asian tensions and continuing trade talks with the United States, United Kingdom, and European Union. Following a 2.17% drop in Mays goods exports, the government is aiming for $900 billion in exports in FY26. Freight costs, reciprocal tariffs, and trade disruptions—particularly with regard to the textile industry—will all be discussed. India depends on the Strait of Hormuz for its energy imports, and the ceasefire between Iran and Israel has reduced shipping dangers along this crucial route. Additionally, India is working to complete free trade agreements and prevent tariff increases before the July 9 reciprocaltariff suspension deadline. Read More..

B2B Tech News | 1 months ago      

Thai Finance Minister Heads to U.S. to Avert 36% Tariff on Exports

In an effort to avoid imposing a high 36% tariff on Thai exports, Thai Finance Minister Pichai Chunhavajira is visiting the United States for two days

In an effort to avoid imposing a high 36% tariff on Thai exports, Thai Finance Minister Pichai Chunhavajira is visiting the United States for two days of exchange discussions. There is urgency since a moratorium ends on July 9 and, if no new agreement is reached, the U.S. may slap even higher tariffs. Most countries are currently subject to a 10% tariff during the hiatus. It was hoped by Chunhavajira that Thailands rate would not be higher than that of other nations. The goal of Thai officials is to achieve better terms and prolong the negotiation window. For Thai exporters, the negotiations are crucial since a bad outcome might increase costs and reduce competitiveness in the already volatile world trade environment. Read More..

B2B Tech News | 1 months ago      

Canada Scraps Digital Services Tax to Revive U.S. Trade Talks Before July 21 Deadline

Days after President Trump halted trade negotiations in retribution for the Digital Services Tax DST, Canada has revoked the tax in an effort to resum

Days after President Trump halted trade negotiations in retribution for the Digital Services Tax DST, Canada has revoked the tax in an effort to resume talks with the United States. During the recent G7 Summit, Prime Minister Mark Carney and Trump decided to start talking again with the goal of reaching an agreement by July 21, 2025. The DST, a 3% tax on Canadian tech companies earnings, drew criticism for specifically targeting American corporations such as Apple, Google, Amazon, and Meta. The tax was scheduled to go into effect on June 30 and be paid retroactively beginning in January 2022. In an effort to establish a more comprehensive economic and security alliance, Canadas finance minister promised to propose legislation to repeal the DST. Read More..

B2B Tech News | 1 months ago      

OpenAI Rents Google TPUs, Marking First Major Shift From Nvidia and Microsoft

With the launch of ChatGPT and other products, OpenAI has made its first significant move away from Nvidia GPUs and Microsoft data centres by starting

With the launch of ChatGPT and other products, OpenAI has made its first significant move away from Nvidia GPUs and Microsoft data centres by starting to rent Googles AI chips TPUs. By utilising the infrastructure of Google Cloud, the move seeks to lower inference costs and satisfy increasing computational demands. This deal represents an unexpected alliance between two AI competitors, even if OpenAI is still a major Nvidia customer. To draw in big clients like Apple, Anthropic, and now OpenAI, Google is, in turn, making its internal TPUs more widely available. OpenAI is apparently not receiving Googles most potent TPUs, though. The agreement underscores the growing competition and changing alliances in the struggle for control of AI infrastructure. Read More..

B2B Tech News | 1 months ago      

SoftBank Reloads for ASI Era With HardwareSoftware Synergy Strategy

Masayoshi Son, CEO of SoftBank, has revealed aspirations to position the company as the leading provider of artificial superintelligence ASI platforms

Masayoshi Son, CEO of SoftBank, has revealed aspirations to position the company as the leading provider of artificial superintelligence ASI platforms globally in the next ten years. Sons idea of a "winner takes all" future revolves around ASI, which is defined as intelligence 10,000 times greater than humans. At the shareholder meeting, he boldly declared, "Im all in on OpenAI," reinforcing his commitment. SoftBank has previously contributed $32 billion to OpenAI and recently paid $6.5 billion to acquire chipmaker Ampere, with an extra $40 billion set aside for future funding. The strategy puts SoftBank at the vanguard of nextgeneration intelligence by utilising its hardwaresoftware synergy to dominate the ASI era, emulating the ascent of IT behemoths like Microsoft and Google. Read More..

B2B Tech News | 1 months ago      

Cisco Talos Warns Cybercriminals Weaponize LLMs Like WormGPT and FraudGPT

According to recent Cisco Talos research, cybercriminals are increasingly using large language models LLMs to improve hacking operations. Threat actor

According to recent Cisco Talos research, cybercriminals are increasingly using large language models LLMs to improve hacking operations. Threat actors are creating malicious programs, phishing emails, and hacking tutorials by employing uncensored or jailbroken LLMs, as well as by creating custom models like WormGPT, FraudGPT, and DarkGPT. These models use quick obfuscation techniques such as Base64 encoding, emojis, or "leet speak" to get beyond builtin safety safeguards. Some are integrated with thirdparty tools for automated exploitation, credential theft, and vulnerability scanning. Access to these tools has increased due to the growth of over 1.8 million models on websites like Hugging Face. This development represents a risky shift in the cybercrime ecosystem and lowers the bar for less experienced attackers. Read More..

B2B Tech News | 1 months ago