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Northvolt Clarifies Plans Amid Rumors of Borlange Plant Cancellation

The Swedish lithiumion battery manufacturer Northvolt made it clear that, in response to rumours indicating the projects abandonment, it is reevaluati

The Swedish lithiumion battery manufacturer Northvolt made it clear that, in response to rumours indicating the projects abandonment, it is reevaluating its plans for a new facility in Borlange, central Sweden. The business stressed that no decision has been made yet and that talks with stakeholders, including the municipality, are still underway. When the Borlange facility was first planned in 2022, it was intended to transform an outdated paper mill into a gigafactory that could produce more than 100 gigawatthours GWh of cathode material annually and employ up to 1,000 people. To satisfy growing demand from customers and investors, Northvolt aims to build a second battery facility in Canada in addition to the one it now operates in northern Sweden. Read More..

B2B Tech News | 22 days ago      

Dida Initiates IPO in Hong Kong, Targets $35 Million Raise

According to regulatory papers, Dida, a Chinese ridesharing app operator, started an initial public offering IPO in Hong Kong to raise HK$273.7 millio

According to regulatory papers, Dida, a Chinese ridesharing app operator, started an initial public offering IPO in Hong Kong to raise HK$273.7 million $35.06 million. The firm is scheduled to sell 39.1 million shares, priced between HK$5 and HK$7 a share. On June 26, final pricing is planned, and trade is anticipated to start two days later. With a greenshoe option to sell an additional 5.86 million shares, this offering accounts for 3.9% of Didas total share count. Didas market capitalization after the IPO would be about $900 million if priced at the top of the range. A smaller rival of Didi, called Dida, hopes to gain traction in the Hong Kong market after regulatory scrutiny forced Didi to delist from the US. Read More..

B2B Tech News | 22 days ago      

Amazon to Invest €10 Billion in Germany, Boosting Cloud and Retail Operations

To develop its cloud services and retail activities in the largest economy in Europe, Germany, Amazon announced a significant investment of 10 billion

To develop its cloud services and retail activities in the largest economy in Europe, Germany, Amazon announced a significant investment of 10 billion euros $10.75 billion. By 2026, most of this investment—8.8 billion euros—will go into improving Amazon Web Services AWS cloud infrastructure, emphasising artificial intelligence AIdriven technologies. German Chancellor Olaf Scholz applauded the decision, pointing out that it will generate more than 4,000 jobs this year and underscoring Germanys attraction to investors despite its present economic difficulties, such as rising energy prices and underinvestment. With this investment, Amazons planned investments in Germany now exceed 17.8 billion euros, demonstrating its continued commitment to growing its operational and data centre capacity throughout Europe. Read More..

B2B Tech News | 22 days ago      

CDK Global Shuts Down Systems After Cyber Incident, Restores Core Solutions

Due to a cyber attack, CDK Global, a retail technology and software supplier for auto dealerships, proactively shut down its systems. Since then, the

Due to a cyber attack, CDK Global, a retail technology and software supplier for auto dealerships, proactively shut down its systems. Since then, the business has brought back its digital retailing solutions and central dealer management system. For some apps, extensive testing by outside specialists is still in progress. Around 200 a.m. EDT on Wednesday, CDKs systems fell for the first time. By Wednesday afternoon, they were back up. The outage of CDK Global, which Brookfield Business Partners acquired for $6.41 billion in April 2022, has forced Ford to assess the effects on its dealers. BMW and General Motors have not yet commented on the impact of the incident on their dealerships. Read More..

B2B Tech News | 22 days ago      

E2E Networks Receives MeitY Approval to Provide Cloud Services to Public Sector Units

Empanelment as a Cloud Service Provider CSP has been granted to E2E Networks, an NSElisted cloud infrastructure provider, by Indias Ministry of Electr

Empanelment as a Cloud Service Provider CSP has been granted to E2E Networks, an NSElisted cloud infrastructure provider, by Indias Ministry of Electronic and Information Technology MeitY. Thanks to its empanelment, E2E Networks can now provide cloud services to nationalised banks, PSUs, and other government organisations throughout India. The business has passed MeitYs STQC audit, attesting to its compliance with government regulations. It is wellknown for its sophisticated cloud GPUs, computing services, storage solutions, and DBaaS. The Managing Director, Tarun Dua, emphasised the advantages of E2E Cloud in terms of cost and the opportunity this brings to support government digital transformation. This achievement demonstrates E2E Networks dedication to providing the public sector in India with reliable, secure, and scalable cloud solutions. Read More..

B2B Tech News | 22 days ago      

Netweb Technologies Introduces CuttingEdge Servers for AI and ML with AMD EPYC 9004 Processors

The newest 4th Generation AMD EPYC CPUs are available in a new line of MadeinIndia servers from Netweb Technologies India Limited. These servers, whic

The newest 4th Generation AMD EPYC CPUs are available in a new line of MadeinIndia servers from Netweb Technologies India Limited. These servers, which come in 1U, 2U, 4U, and workstation configurations, are made for highperformance computing and various workloads, in line with Indias Made in India campaign. The servers capability for twin AMD EPYC 9004 Series CPUs with up to 256 cores and 6TB of memory provides significant scalability and performance. Some key features are up to 10 PCIe slots for GPUs and addons, integrated IPMI 2.0 + KVM, ample storage choices, and up to 6TB DDR5 RAM. With this launch, Netweb demonstrates its dedication to fostering domestic innovation and developing AI/ML technology. Read More..

B2B Tech News | 22 days ago      

HDFC Securities Warns Against Impersonation Scams on WhatsApp

Customers have been alerted by HDFC Securities Limited, a division of HDFC Bank, about phoney WhatsApp groups that pose as the business. These groups

Customers have been alerted by HDFC Securities Limited, a division of HDFC Bank, about phoney WhatsApp groups that pose as the business. These groups make potentially dangerous and unlawful promises of guaranteed stock market gains. Top HDFC Securities executive Sandeep Bhardwaj stresses the significance of doublechecking messages from the company and counsels clients to trade through approved channels exclusively. The firm guarantees never to contact consumers using WhatsApp or other illegitimate means to get personal information, such as AADHAR or PAN card details. Apps should only be downloaded from reliable sources, and users should contact HDFC Securities customer support immediately to report any questionable conduct or phoney groups. Read More..

B2B Tech News | 22 days ago      

Dell and Super Micro to Equip Elon Musks xAI Supercomputer with CuttingEdge Server Racks

Elon Musk said on X that Dell Technologies and Super Micro Computer will provide server racks for xAIs supercomputer. Super Micro, a company wellknown

Elon Musk said on X that Dell Technologies and Super Micro Computer will provide server racks for xAIs supercomputer. Super Micro, a company wellknown for its connections to Nvidia and liquid cooling technologies, will supply the remaining racks, with Dell handling half of the assembly. Michael Dell, the CEO of Dell, said that Nvidia and xAI were building an "AI factory" to support xAIs chatbot Grok. xAI, which Musk developed to compete with Googles AI and Microsoftbacked OpenAI, needs a lot of processing power and uses tens of thousands of Nvidia H100 GPUs. By autumn 2025, Musk hopes to have the supercomputer up and running. Groks subsequent incarnations will be powered by a supercomputer that requires up to 100,000 Nvidia H100 processors to train its AI models. Read More..

B2B Tech News | 22 days ago