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GLOBAL NEWS

China Bans Foreign AI Chips in State Data Centers, Mandates Domestic Alternatives

China has escalated its push for technological selfreliance by issuing new regulatory guidance that effectively bans foreignmade AI chips from all sta

China has escalated its push for technological selfreliance by issuing new regulatory guidance that effectively bans foreignmade AI chips from all statefunded data center construction projects. The directive mandates that all new and earlystage government projects must use domestically produced AI chips, severely limiting market access for US giants like Nvidia, AMD, and Intel. This move is a direct response to years of US export restrictions that have curtailed Chinas ability to procure advanced semiconductors. For local Chinese firms like Huawei and Cambricon, this presents a significant, governmentbacked opportunity to fill the massive market gap left by international competitors in the nation’s crucial AI infrastructure buildout. Read More..

B2B Tech News | 1 months ago      

Cloud Security Giant Zscaler Acquires AI Pioneer SPLX to Secure EndtoEnd AI Lifecycle

Cloud security leader Zscaler announced the acquisition of SPLX, an innovative AI security pioneer. This acquisition extends Zscaler’s Zero Trust Ex

Cloud security leader Zscaler announced the acquisition of SPLX, an innovative AI security pioneer. This acquisition extends Zscaler’s Zero Trust Exchange platform by integrating sophisticated capabilities for AI asset discovery, automated red teaming, and governance. The goal is to secure the entire AI lifecycle, from development through deployment, addressing the rapidly expanding attack surface created by new models and agentic systems. SPLXs technology introduces new protection layers, including realtime vulnerability remediation via over 5,000 purposebuilt attack simulations. CEO Jay Chaudhry stated that combining SPLXs expertise with the Zero Trust Exchange’s native data protection will secure the full potential of enterprise AI adoption on a single platform. Read More..

B2B Tech News | 1 months ago      

State Bank of India Beats Estimates as Q2 Profit Rises 6.4%, Driven by Asset Quality

The State Bank of India SBI announced its Q2 FY26 results, reporting a 6.4 percent yearonyear increase in consolidated net profit to ₹21,504.49 cror

The State Bank of India SBI announced its Q2 FY26 results, reporting a 6.4 percent yearonyear increase in consolidated net profit to ₹21,504.49 crore $2.6 billion, surpassing market estimates. The growth was primarily attributed to improving asset quality, with the Gross NonPerforming Asset GNPA ratio declining to 1.73 percent, a 40 basis point drop. The bank’s advances grew 12.73 percent, led by strong retail and SME lending. However, the domestic Net Interest Margin NIM witnessed a slight contraction to 3.09 percent due to competitive pressure on deposit rates. The management expressed confidence in sustained credit growth, projecting a continued focus on retail and agricultural segments. Read More..

B2B Tech News | 1 months ago      

MissionCritical Services Provider Kyndryl Reports Resilient Q2 Results

Kyndryl, a prominent provider of missioncritical enterprise technology services, reported its financial results for the second quarter of fiscal year

Kyndryl, a prominent provider of missioncritical enterprise technology services, reported its financial results for the second quarter of fiscal year 2026. The company posted revenues of $3.7 billion and reiterated its full fiscal year outlook, expressing confidence in strengthening activity for the second half of 2026. Chairman and CEO Martin Schroeter noted that the momentum is driven by strategic initiatives, including strong growth in Kyndryl Consult and major alliances. The firm emphasized its success in leveraging the AIpowered Kyndryl Bridge platform to help customers accelerate their modernization efforts and achieve stronger business outcomes. Read More..

B2B Tech News | 1 months ago      

Gold Price Tumbles as Traders Discount December Fed Rate Cut Possibility

The price of gold experienced a significant drop, falling 1.7 percent to $3,934.77 per ounce, as traders abruptly reversed their expectations for US m

The price of gold experienced a significant drop, falling 1.7 percent to $3,934.77 per ounce, as traders abruptly reversed their expectations for US monetary policy. The volatility follows the Federal Reserves late October rate cut, which was quickly followed by cautionary language from Chair Jerome Powell regarding any further nearterm easing. Powell’s warning that a December cut is "not a foregone conclusion" caused the probability of such a move to plummet, removing a fundamental pillar of support for the bullion market. This coordinated hawkish pivot by Fed officials strengthened the US dollar and led to a swift repricing of ratecut expectations. Read More..

B2B Tech News | 1 months ago      

World Bank Downgrades 2025 Global Growth Forecast to 2.3% Citing Trade Barriers

The World Bank has issued a stark warning, downgrading its forecast for global growth in 2025 to a sluggish 2.3 percent. The institution attributes th

The World Bank has issued a stark warning, downgrading its forecast for global growth in 2025 to a sluggish 2.3 percent. The institution attributes the significant revision primarily to a sharp and widespread rise in trade barriers and persistently high geopolitical and policy uncertainty. The report emphasizes that growth could be even weaker if trade restrictions continue to escalate. All emerging market and developing economy regions face a challenging outlook, with projections lowered across the board. The organization calls for multilateral policy efforts to restore a predictable and transparent environment for trade and investment. Read More..

B2B Tech News | 1 months ago      

Amazon Shares Hit AllTime High Following $38 Billion OpenAI Cloud Services Contract

Amazon’s stock soared to an alltime high after the announcement that its cloud unit, Amazon Web Services AWS, had secured a monumental sevenyear, $3

Amazon’s stock soared to an alltime high after the announcement that its cloud unit, Amazon Web Services AWS, had secured a monumental sevenyear, $38 billion deal to provide cloud services to OpenAI. The agreement, which provides the AI powerhouse with access to massive quantities of Nvidias specialized chips, is viewed as a major victory for Amazon in the intensifying AI cloud race. The deal significantly bolsters AWS’s position against rivals Microsoft Azure and Google Cloud, who have also courted large AI partnerships. Following the news on Monday, Amazon shares climbed four percent, adding nearly $140 billion to the companys market capitalization and validating AWSs capacity to deliver compute at an extraordinary scale. Read More..

B2B Tech News | 1 months ago      

Stripe and NEC Partner to Integrate Face Recognition Payments via Stripe Terminal

Stripe and NEC Corporation have begun exploring the integration of the Stripe Reader S700 payment terminal with NECs highly accurate face recognition

Stripe and NEC Corporation have begun exploring the integration of the Stripe Reader S700 payment terminal with NECs highly accurate face recognition payment service. The collaboration aims to create a secure, simple, and handsfree payment experience for consumers. By combining Stripes unified commerce solution, Stripe Terminal, with NECs biometric technology, the companies are looking to enhance instore customer experiences and address challenges in facetoface transactions globally, with a planned demonstration at the upcoming Singapore FinTech Festival. Read More..

B2B Tech News | 1 months ago