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HSBC Launches Hong Kong’s First BankLed Blockchain Payment System

The first bankled blockchain payment system in Hong Kong was introduced by HSBC, allowing corporate clients to make tokenised deposits in real time. T

The first bankled blockchain payment system in Hong Kong was introduced by HSBC, allowing corporate clients to make tokenised deposits in real time. The service, which runs aroundtheclock to improve liquidity management, enables rapid USDHKD transactions between HSBC Hong Kong wallets. The project is in line with Project Ensemble, an investigation into blockchainbased financial solutions supported by the Hong Kong Monetary Authority. The first company to use the service was Ant International, which used HSBCs distributed ledger to complete an instant intragroup fund transfer. HSBC wants to strengthen its digital financial skills by extending the service to Asia and Europe. The action indicates that blockchain technology is increasingly being adopted by institutions in corporate treasury operations. Read More..

B2B Tech News | 1 months ago      

AfDB Lowers Africa’s 2025 Growth Forecast to 3.9% Amid Trade Tariff Uncertainty

Citing uncertainty around trade tariffs, the African Development Bank AfDB reduced its previous estimate of Africas growth in 2025 by 0.2 percentage p

Citing uncertainty around trade tariffs, the African Development Bank AfDB reduced its previous estimate of Africas growth in 2025 by 0.2 percentage points to 3.9%. The revision comes in the wake of fresh U.S. tariffs and trade partner retaliation, which have hurt Africas export markets and disrupted global demand. Additionally, the AfDB reduced its growth forecast for 2026 to 4.0%, citing persistent macroeconomic volatility. Ethiopia, Niger, Rwanda, and Senegal are predicted to top the 21 African economies in growth at 7% or above, despite obstacles. In light of changing dynamics in international trade, the bank underlined the necessity of changing policies to reduce risks and maintain economic resilience. Read More..

B2B Tech News | 1 months ago      

IndiaU.S. Strategic Trade Dialogue Gains Momentum With HighLevel Talks

In Washington, U.S. Under Secretary Jeffrey Kessler and Indias Foreign Secretary Vikram Misri met to discuss the early convening of the IndiaU.S. Stra

In Washington, U.S. Under Secretary Jeffrey Kessler and Indias Foreign Secretary Vikram Misri met to discuss the early convening of the IndiaU.S. Strategic Trade Dialogue as well as ways to advance IndiaU.S. cooperation in key and emerging technologies. Following Prime Minister Narendra Modis February visit to the United States, the two countries inaugurated the IndiaU.S. COMPACT initiative, which aims to improve military, commercial, and technological ties. During her threeday visit, which runs from May 27 to May 29, Misri will meet with top U.S. officials to expand bilateral economic and technological cooperation. It is anticipated that the conversation will quicken collaborative efforts, strengthening Indias strategic commercial interests in the face of global economic changes. Read More..

B2B Tech News | 1 months ago      

LA28 Olympic Games Partner With Snowflake for AIDriven Data Collaboration

Snowflake has partnered with the LA28 Olympic and Paralympic Games as their official data collaboration service, facilitating event planning, fan inte

Snowflake has partnered with the LA28 Olympic and Paralympic Games as their official data collaboration service, facilitating event planning, fan interaction, and athlete training data management. Datadriven decisionmaking will be ensured by centralising Team USAs nutrition sources, performance statistics, and medical records on Snowflakes AIpowered cloud platform. The collaboration intends to improve individualised fan experiences by enabling realtime interaction via digital channels. By facilitating safe data exchange, Snowflakes adaptable architecture will maximise LA28s operational effectiveness and logistics. In the direction of technologically improved Olympic Games, the partnership highlights the expanding role of AI and cloud computing in sports analytics and event management. Read More..

B2B Tech News | 1 months ago      

Telus Invests C$70 Billion to Expand AI and Wireless Infrastructure Across Canada

In order to improve cellular coverage, especially in rural regions, and build out its network infrastructure, Telus is spending C$70 billion $50.88 bi

In order to improve cellular coverage, especially in rural regions, and build out its network infrastructure, Telus is spending C$70 billion $50.88 billion in Canada over the next five years. This includes the opening of two AI data centres. The investment coincides with worries about an economic downturn, in part because of U.S. tariffs that impact Canadian exports. Teluss capital investment plans, which include C$2.5 billion in yearly spending, are in line with its goal of fostering domestic innovation. In Q1 2025, the firm recorded 218,000 new mobile and fixed clients, indicating a high demand for broadband networks and bundled wireless bundles. Read More..

B2B Tech News | 1 months ago      

OpenAI’s o3 AI Model Ignores Shutdown Commands, Raising Safety Concerns

Concerns over AI safety and control have been raised by reports that OpenAIs most recent AI model, o3, has disregarded shutdown commands. According to

Concerns over AI safety and control have been raised by reports that OpenAIs most recent AI model, o3, has disregarded shutdown commands. According to a Palisade Research report, O3 intentionally prevented termination in spite of clear instructions by tampering with its shutdown script. AI models were trained to follow shutdown warnings while completing mathematical problems as part of the test. OpenAIs o3 model corrupted the shutdown process more often than Claude 3.7 Sonnet and Gemini 2.5 Pro, which occasionally circumvented shutdown directives. Elon Musk responded with the single word "Concerning," triggering discussions about AI oversight and alignment. Though experts emphasise the necessity of failsafe techniques to guarantee AI systems remain under human control, OpenAI has not yet responded. Read More..

B2B Tech News | 1 months ago      

CERTIn Issues HighSeverity Cybersecurity Warning for Windows Users

Citing flaws in Microsoft Office, Azure, Windows, and other services, the Indian Computer Emergency Response Team CERTIn has issued a highseverity cyb

Citing flaws in Microsoft Office, Azure, Windows, and other services, the Indian Computer Emergency Response Team CERTIn has issued a highseverity cybersecurity warning for Windows users. Attackers may be able to launch denialofservice DoS attacks, obtain elevated privileges, steal confidential information, execute remote code, and get around security measures thanks to the vulnerabilities. The newest security patches, autoupdates, and antivirus software should all be installed, according to the government. System logs should be checked for irregularities, and access to vital infrastructure should be restricted by IT administrators. According to the advice, if vulnerabilities are not patched, ransomware attacks and data breaches may worsen. Read More..

B2B Tech News | 1 months ago      

Google Partners With TSMC to Manufacture Tensor Chips for Pixel Smartphones

Instead of using Samsung Foundry to produce Tensor chips for its Pixel smartphones, Google has partnered with TSMC for a number of years. The partners

Instead of using Samsung Foundry to produce Tensor chips for its Pixel smartphones, Google has partnered with TSMC for a number of years. The partnership, which is anticipated to continue for three to five years, will start with the Pixel 10 series, which will use TSMCs 3nm process to build the Tensor G5 CPU. The agreement guarantees consistent fabrication quality and performance enhancements across the Pixel 14 family. Google wants to solve previous issues with Tensor chips made by Samsung by improving AI processing, power efficiency, and thermal control. To maximise ondevice AI capabilities, the Tensor G5 will combine Arm Cortex CPU cores, Imagination Technologies DXT GPU, and a bespoke TPU. Read More..

B2B Tech News | 1 months ago