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Microsoft to Invest $2.1 Billion in AI and Cloud Infrastructure Expansion in Spain

Microsoft has disclosed plans to invest $2.1 billion over the next two years to develop its cloud computing and artificial intelligence AI infrastruct

Microsoft has disclosed plans to invest $2.1 billion over the next two years to develop its cloud computing and artificial intelligence AI infrastructure in Spain. This news comes soon after Microsoft recently announced a €3.2 billion $3.45 billion investment aimed at artificial intelligence in Germany over the next two years. Microsoft President and Vice Chair Brad Smith stressed that the investment in Spain is more than just building data centres. It highlights Microsofts 37year dedication to Spain, its security measures, and its continuous efforts to bring digital change to the nations enterprises, government, and populace. Microsoft did not immediately provide any further information on the investment. Read More..

B2B Tech News | 4 days ago      

Google Commits €25 Million to AI Education Initiative in Europe

Google GOOGL.O has committed €25 million $26.98 million to advance AI education in Europe to mitigate any disparities that the advantages of AI may

Google GOOGL.O has committed €25 million $26.98 million to advance AI education in Europe to mitigate any disparities that the advantages of AI may worsen. The programme, unveiled on Monday, accepts proposals from NGOs and social entrepreneurs to help those potentially benefit from AI training. Google intends to hold "growth academies" in addition to financing to help businesses scale their operations using AI. The tech behemoth has added 18 additional languages to its free online AI training classes library. The Centre for Public Impacts Executive Director, Adrian Brown, emphasised that inclusion must be ensured to keep anybody from being excluded from AIs effects. Read More..

B2B Tech News | 5 days ago      

DRC Calls for Modern Investors to Boost Mineral Sector Growth

At the 30th Mining Indaba summit in South Africa, the Director General of the Democratic Republic of the Congos Regulatory Authority for Subcontractin

At the 30th Mining Indaba summit in South Africa, the Director General of the Democratic Republic of the Congos Regulatory Authority for Subcontracting in the Private industry emphasised that the country actively seeks contemporary investors to join its mineral industry. While expressing a preference for partners that share its objective of sustainable economic progress, the nation is open to all investors. Miguel Kashal Katemb singled out Canadian mining behemoth Ivanhoe Mines as an exemplar of a "modern investor." The Democratic Republic of Congo DRC seeks to distribute its mining wealth fairly, focusing on entrepreneurship and job development under President Félix Tshisekedi. Read More..

B2B Tech News | 5 days ago      

IMF Warns Middle East Economies Falling Short of Growth Projections

The IsraelGaza war and a reduction in oil output were the main reasons the Middle East economy was not growing at the rate predicted by the Internatio

The IsraelGaza war and a reduction in oil output were the main reasons the Middle East economy was not growing at the rate predicted by the International Monetary Fund IMF on Sunday. Speaking at the Arab Fiscal Forum in Dubai, IMF Managing Director Kristalina Georgieva emphasised how resilient the world economy is despite uncertainty. She did, however, issue a warning about possible broader effects on the local economy due to the ongoing violence in Gaza. The Middle East and North Africa regions GDP growth was downgraded by the IMF to 2.9% this year, with partial blame placed on the fighting in Gaza and the reduction in oil output. Georgieva also underlined the difficulties nations face in economic recovery from past shocks. Read More..

B2B Tech News | 5 days ago      

Man Industries India Ltd. Bags Orders Worth ₹525 Crore, Boosts Unexecuted Order Book to ₹1,600 Crore

Without revealing the names of the companies involved, Man Industries declared on February 12 that it had received fresh orders totalling ₹525 crore

Without revealing the names of the companies involved, Man Industries declared on February 12 that it had received fresh orders totalling ₹525 crores for the delivery of different pipes. The contracts, which might come from local or foreign companies, should be finished in six to seven months, increasing the companys backlog of unfulfilled orders to almost ₹1,600 crore. This confirms trust in the businesss technological prowess and operational effectiveness. In addition, Kandla Customs awarded Man Industries a certificate of recognition for being the top exporter in FY24. In line with potential in the hydrogen industry, it received an order for 400 crore last month and started manufacturing pipes for hydrogen transportation. The managing director, Nikhil Mansukhani, highlighted the companys ability to produce up to 5 lakh tonnes yearly with no capital outlay. The inventory rose nearly 5% in morning trade on the news. Read More..

B2B Tech News | 5 days ago      

ANZ Group Achieves Robust Performance in First Quarter, Shares Hit 22Month Peak

Due to strong results in its institutional divisions markets business, Australias ANZ Group said that its firstquarter group revenue was in line with

Due to strong results in its institutional divisions markets business, Australias ANZ Group said that its firstquarter group revenue was in line with the quarterly average of the first half of fiscal 2023. As a result, shares surged to A$27.93, the highest level in 22 months. Strong demand for institutional banking services, which produced a record yearly profit the year before, was blamed for the spike. The ANZ Group emphasised the rise in lending driven by client deposits in Australian retail and consumer franchises, even in the face of a slight decline in the overall benchmark index. The bank added A$8 billion in consumer deposits across its retail and commercial businesses in Australia, but institutional deposits declined. At the end of December 2023, the standard equity tier 1 ratio, however, marginally declined to 13.1%. Read More..

B2B Tech News | 5 days ago      

Dexiga Startup Faces Backlash After Exposing My WinStar App User Data

The company that created the My WinStar app, Dexiga, unintentionally made public a database containing its users personal data, including their home a

The company that created the My WinStar app, Dexiga, unintentionally made public a database containing its users personal data, including their home addresses, phone numbers, email addresses, and complete names. The unencrypted database was found by security researcher Anurag Sen, who provided TechCrunch with details. After being informed, Dexiga protected the database, but they played down the event, saying the information was freely accessible. TechCrunch signed up and confirmed the phone number showed in the accessible data, so validating the databases relationship to the My WinStar app. Dexiga said that a log migration caused the exposure. Still, it didnt say when it happened, or if anybody else could access the information. Since WinStars general manager did not reply to questions, how the company handled the situation is still being determined. Read More..

B2B Tech News | 5 days ago      

DECIX Internet Exchanges Witness Record Surge in Data Traffic, Reaching 59 Exabytes in 2023

Data traffic at DECIX Internet Exchanges surged to 59 exabytes in 2023—a significant rise of 23 per cent over the previous year. CEO Ivo Ivanov emph

Data traffic at DECIX Internet Exchanges surged to 59 exabytes in 2023—a significant rise of 23 per cent over the previous year. CEO Ivo Ivanov emphasised the importance of DECIX in our digital life and the range of applications it has made possible for the internet. DECIX Indias Chief Business Officer, Sudhir Kunder, reaffirmed the companys dedication to offering dependable and quick connections. With DECIX Frankfurt reaching a record peak, the peak data throughput of 22.36 terabits per second on November 8, 2023, demonstrated a consistent increase. The increased usage of internetbased apps is the reason for the spike in data traffic, indicating the importance of DECIX in international data exchange. Read More..

B2B Tech News | 5 days ago