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GLOBAL NEWS

IndiaEU FTA Talks Gain Momentum, Delegations to Finalize Tariff Issues Next Week

The IndiaEuropean Union Free Trade Agreement FTA negotiations saw significant progress on October 29th, following highlevel meetings in Brussels. Comm

The IndiaEuropean Union Free Trade Agreement FTA negotiations saw significant progress on October 29th, following highlevel meetings in Brussels. Commerce Minister Piyush Goyal announced that the gaps in negotiating positions have been "significantly reduced," particularly on contentious industrial tariff issues. A highlevel EU trade delegation is scheduled to visit New Delhi next week to conclude the technical tariff negotiations. Both sides are intensifying efforts to meet a yearend deadline for a "robust and balanced agreement" that aims to boost the multibilliondollar bilateral trade relationship. Read More..

B2B Tech News | 6 days ago      

Capgemini Raises FullYear Revenue Guidance After Strong Q3 Performance Driven by AI and Cloud

French IT consulting giant Capgemini reported betterthanexpected thirdquarter 2025 revenues and, on October 29th, raised its fullyear revenue growth t

French IT consulting giant Capgemini reported betterthanexpected thirdquarter 2025 revenues and, on October 29th, raised its fullyear revenue growth target from a previous range of 1.0% to +1.0% to +2.0% to +2.5% at constant currency. The strong performance was primarily driven by accelerating growth in the North America region and continued high demand for services related to cloud, data, and AI. CEO Aiman Ezzat credited the firms strategic focus on being an AIpowered business and technology partner, enabling clients to focus on efficiency and optimization. Read More..

B2B Tech News | 6 days ago      

UPS Cuts 48,000 Jobs Globally in Massive Cost Reduction and Restructuring Drive

United Parcel Service UPS announced a massive corporate restructuring on October 29th, including the elimination of approximately 48,000 corporate and

United Parcel Service UPS announced a massive corporate restructuring on October 29th, including the elimination of approximately 48,000 corporate and management positions globally. The layoffs are part of an aggressive costsaving initiative aimed at streamlining operations in the face of persistent macroeconomic headwinds, including the lingering impact of Amazons slowdown and various international tariff disputes. The company stated the move is necessary to adjust its operational footprint to match normalized postpandemic ecommerce volumes and prepare for a leaner, more technologydriven logistics future. Read More..

B2B Tech News | 6 days ago      

GlobalFoundries Plans €1.1 Billion Investment to Expand Chip Manufacturing in Germany

GlobalFoundries GF announced on October 29th a major investment plan of €1.1 billion to significantly expand its chip manufacturing capabilities at

GlobalFoundries GF announced on October 29th a major investment plan of €1.1 billion to significantly expand its chip manufacturing capabilities at its Dresden, Germany site. The investment, expected to be supported under the European Chips Act, is intended to boost annual production capacity to over one million wafers by the end of 2028. This expansion will focus on highly differentiated technologies crucial for the automotive, IoT, and industrial sectors. The strategic move is designed to strengthen Europes semiconductor supply chain resilience, reducing reliance on Asian fabrication plants for critical components. Read More..

B2B Tech News | 6 days ago      

Nvidia Unveils Massive Pharma AI Factory with Eli Lilly at GTC DC

At the GTC DC conference on October 29th, NVIDIA announced a partnership with Eli Lilly to build the pharmaceutical sectors largest AI factory. This m

At the GTC DC conference on October 29th, NVIDIA announced a partnership with Eli Lilly to build the pharmaceutical sectors largest AI factory. This massive deployment is powered by a DGX SuperPOD featuring over 1,000 nextgeneration Blackwell Ultra GPUs, capable of solving quintillions of math problems per second. The factory will accelerate drug discovery, personalized medicine, and supply chain optimization through digital twins and agentic robotics. The announcement highlights AIs role in creating an "AI Factory for Government and Secure Operations"blueprint, stressing U.S. leadership in AI innovation and national security. Read More..

B2B Tech News | 6 days ago      

GitHub Launches Agent HQ Platform, Formalizing Multimodal Collaboration for AI Agents

At its flagship Universe 2025 event on October 29th, GitHub announced the launch of Agent HQ, a new agentic developer platform. The platform is design

At its flagship Universe 2025 event on October 29th, GitHub announced the launch of Agent HQ, a new agentic developer platform. The platform is designed to serve as a "mission control" interface, allowing developers to manage and orchestrate multiple generative AI coding agents such as Codex, Claude, and Jules from different vendors within the GitHub environment. This move recognizes the industry shift toward agentic software engineering, where systems plan, execute, and iterate on solutions with increasing autonomy. Agent HQ aims to transform the developer role from writing code to defining intent using natural language. Read More..

B2B Tech News | 6 days ago      

SK Hynix Sells Out 2026 Chip Production, Forecasts Extended AI Super Cycle After Record Profit

SK Hynix, a key supplier of HighBandwidth Memory HBM to NVIDIA, reported record thirdquarter profits and announced on October 29th that its entire DRA

SK Hynix, a key supplier of HighBandwidth Memory HBM to NVIDIA, reported record thirdquarter profits and announced on October 29th that its entire DRAM and NAND chip production for 2026 is already sold out. The company is forecasting an extended chip "super cycle" driven by booming demand for specialized AI servers. Supply growth for conventional memory is limited due to the strategic shift toward HBM manufacturing, forcing customers to lock in future supply now. To meet the unprecedented AIdriven demand, SK Hynix confirmed plans for a substantial increase in its capital expenditure next year. Read More..

B2B Tech News | 6 days ago      

NVIDIA Deepens AINative Network Push with $1 Billion Strategic Investment in Nokia

On October 29th, NVIDIA announced a major strategic partnership with Finnish telecom giant Nokia, including a $1 billion investment for a 2.9% equity

On October 29th, NVIDIA announced a major strategic partnership with Finnish telecom giant Nokia, including a $1 billion investment for a 2.9% equity stake in Nokia. This collaboration is designed to accelerate the integration of AI into global telecom infrastructure, marking the official beginning of the "AINative Wireless era." NVIDIAs chips will be used to accelerate Nokias software for 5G and emerging 6G networks, creating AIpowered consumer and enterprise services at the network edge. The deal utilizes Nokias datacenter switching and optical technologies for NVIDIAs future AI infrastructure, instantly boosting Nokias stock by 14% on the news. Read More..

B2B Tech News | 6 days ago