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GLOBAL NEWS

Eastern Bankshares to Acquire HarborOne Bancorp in $490 Million Merger Deal

The announcement by Eastern Bankshares that it will acquire HarborOne Bancorp for $490 million in stock and cash represents a significant step in cons

The announcement by Eastern Bankshares that it will acquire HarborOne Bancorp for $490 million in stock and cash represents a significant step in consolidating regional banks in the United States. The acquisition will increase Easterns footprint in Greater Boston and allow it to enter Rhode Island. It is expected to close in the fourth quarter of 2025. Shareholders of HarborOne will get $12 in cash per share, or 0.765 shares of Eastern stock. With $25 billion in assets, Eastern Bankshares and HarborOne, which was established in 1917 and has $5.7 billion in assets, seek to improve customer satisfaction and operational effectiveness. The deals financial advisors are Raymond James & Associates and J.P. Morgan Securities LLC. Read More..

B2B Tech News | 1 months ago      

Bluesky Resolves HourLong Outage, Highlights Challenges in Decentralization

Recently, Bluesky, the decentralised social networking site, went through a major outage for about an hour. The platforms Personal Data Server PDS inf

Recently, Bluesky, the decentralised social networking site, went through a major outage for about an hour. The platforms Personal Data Server PDS infrastructure, which underpins its essential functions, was found to have networking issues. Although Bluesky relies on the AT Protocol to facilitate decentralisation, most users depend on Blueskymaintained infrastructure, which leaves them susceptible to such interruptions. Remarkably, customers using separate AT Protocol components were unaffected. Since the outage, the platforms decentralisation approach and dependence on centralised components have been the subject of discussions. The problem has subsequently been fixed, and Bluesky has reaffirmed its dedication to creating a distributed, more resilient infrastructure. Read More..

B2B Tech News | 1 months ago      

Google Enhances Gemini 2.0 Flash AI with More Natural Conversational Skills

Googles Gemini 2.0 Flash AI model has been improved, making it more collaborative, flexible, and natural in conversation. The enhancements concentrate

Googles Gemini 2.0 Flash AI model has been improved, making it more collaborative, flexible, and natural in conversation. The enhancements concentrate on context awareness, which helps the AI comprehend user intent and provide more insightful answers. This improvement makes discussions more natural and interesting, which is especially useful for creative projects and everyday interactions. Google recommends discussing hobbies, finding solutions to issues, or looking for original viewpoints to discover the models potential. Although the experimental Gemini 2.5 Flash, which offers more sophisticated functionality, is now available, the Gemini 2.0 Flash is still the default model for freetier customers. These improvements demonstrate Googles dedication to enhancing AIpowered user interfaces. Read More..

B2B Tech News | 1 months ago      

Asia Pacific Japan Region Faces 51 Billion Web Application Attacks in 2024, Reports Akamai

According to Akamais most recent estimate, there were 51 billion web application attacks in the Asia Pacific and Japan APJ area in 2024, a 73% increas

According to Akamais most recent estimate, there were 51 billion web application attacks in the Asia Pacific and Japan APJ area in 2024, a 73% increase over the previous year. The quick uptake of AI technologies, which broadens the attack surface and raises the sophistication of cyber threats, is to blame for this spike. The most often targeted nations were Singapore 15.9 billion, India 17.3 billion, and Australia 20.3 billion attacks. With almost 27 billion and 18 billion attacks, respectively, the financial services and commerce industries were the most heavily hit. 311 billion web application attacks were reported worldwide, a 33% increase over 2023. The research emphasises the necessity for adaptive cybersecurity methods by pointing out flaws in AIpowered APIs and a dramatic rise in Layer 7 DDoS attacks. Read More..

B2B Tech News | 1 months ago      

Adobe Debuts Firefly Image Model 4 Ultra with Photorealistic AI Capabilities

Adobe has released its primary AI tool, Firefly Image Model 4 Ultra, which can create complex pictures, human portraits, and photorealistic scenes. Th

Adobe has released its primary AI tool, Firefly Image Model 4 Ultra, which can create complex pictures, human portraits, and photorealistic scenes. The Firefly suite from Adobe, which now includes thirdparty AI models from Google and OpenAI, including ChatGPT and Gemini, includes this model. Moreover, Firefly offers tools like Firefly Boards for mood boards and storyboarding and Vector Model for editable vectorbased artwork. The improvements, which allow resolutions up to 2K, are intended to improve user control and creative precision. Adobes approach involves extending Fireflys capabilities across image, video, audio, and vector production to strengthen its position in the AIdriven creative industry. Read More..

B2B Tech News | 1 months ago      

Baidu Unveils Powerful Kunlun Chip Cluster to Train AI Models with Billions of Parameters

With 30,000 thirdgeneration P800 Kunlun processors, Baidu has announced its Kunlun chip cluster, which can train AI models with hundreds of billions o

With 30,000 thirdgeneration P800 Kunlun processors, Baidu has announced its Kunlun chip cluster, which can train AI models with hundreds of billions of parameters that resemble DeepSeek. This cluster demonstrates its scalability by supporting hundreds of customers simultaneous finetuning. At the companys annual developer conference, Robin Li, the CEO of Baidu, made this announcement while highlighting the clusters contribution to the advancement of AI applications. In addition, Baidu unveiled the Ernie X1 Turbo reasoning model, which will be incorporated into all of Baidus products, and the Ernie 4.5 Turbo AI model, which excels in coding and language comprehension. These changes demonstrate Baidus determination to compete in Chinas everchanging AI market. Read More..

B2B Tech News | 1 months ago      

Kenya Secures $950 Million Deal with China to Advance Economic Transformation

A $950 million deal was inked by Kenyan President William Ruto and China during his official visit with the intention of furthering the countrys Botto

A $950 million deal was inked by Kenyan President William Ruto and China during his official visit with the intention of furthering the countrys BottomUp Economic Transformation Agenda BETA. Under the agreement, businesses including China Wu Yi and Zonken Group would spend $320 million in manufacturing, $430 million in agriculture, and $230 million in tourism. Ruto emphasised the Standard Gauge Railway and Lamu Port, two examples of Chinesefunded infrastructure that have had a revolutionary impact, and Kenyas dedication to deepening its relationship with China. Kenyas position in Chinas Belt and Road Initiative and its geopolitical pivot in the face of shifting global alliances are both highlighted by this visit. Read More..

B2B Tech News | 1 months ago      

IMF Predicts BOJ to Delay Rate Hikes Amid U.S. Tariff Uncertainty

Because of the uncertainty created by U.S. tariffs, the IMF believes that the Bank of Japan BOJ will postpone additional interest rate increases. In a

Because of the uncertainty created by U.S. tariffs, the IMF believes that the Bank of Japan BOJ will postpone additional interest rate increases. In addition to delaying company expenditures and affecting pay decisions, these tariffs are lowering business sentiment. By 2027, a year later than originally predicted, the IMF now projects that Japan will reach its 2% inflation objective. A drop to 0.6% for Japans economic growth outlook for 2025 reflects the difficulties caused by conflicts in global trade. After ten years of ultraloose policy, the BOJ lifted its benchmark interest rate to 0.5% in January, but the present climate might necessitate extended monetary accommodation. Read More..

B2B Tech News | 1 months ago