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US Urges Raiffeisen Bank International to Halt Purchase of Industrial Stake from Russian Tycoon

Amid worries about possible sanctions violations, the US pressures Austrias Raiffeisen Bank International to renounce its intentions to buy a 1.5 bill

Amid worries about possible sanctions violations, the US pressures Austrias Raiffeisen Bank International to renounce its intentions to buy a 1.5 billion euro industrial interest from Russian oligarch Oleg Deripaska. One of the most significant Western agreements in Russia since the crisis in Ukraine may be thwarted by Washingtons interference, putting further pressure on Raiffeisen, who is crucial to the Russian governments international payment processing. Because of Deripaskas sanctioned status, there has been scrutiny surrounding the banks proposed acquisition of the Strabag share. The agreement appears questionable in the light of rising tensions, notwithstanding Raiffeisens diligent efforts to confirm compliance with penalties. The fact that Raiffeisen is still there shows how closely Austria is tied to Russia, even in the face of regulatory scrutiny and pressure from the EU and the US. Read More..

B2B Tech News | 1 months ago      

New Zealand Enters Second Recession in 18 Months as GDP Contracts

With a decrease in the economy during the last quarter of 2023, the latest GDP numbers officially mark the formal start of New Zealands second recessi

With a decrease in the economy during the last quarter of 2023, the latest GDP numbers officially mark the formal start of New Zealands second recession in 18 months. According to Stats NZ, the GDP shrank by 0.1% and per capita GDP decreased by 0.7% during the December quarter. With a 0.3% decline in the September quarter, this is the nations second recession in the last eighteen months. Just 0.6% yearly growth is stagnating, indicative of the challenging economic environment. Record migration, with 141,000 new arrivals in 2023, has supported the economy. David Seymour, the minister of regulations, does, however, expect budget cuts in reaction to the recession. Read More..

B2B Tech News | 1 months ago      

Ethiopias Commercial Bank Works to Recover $40 Million After Technical Glitch

Ethiopias Commercial Bank is working to get back more than $40 million after a mistake in the system let users take out more money than they had in th

Ethiopias Commercial Bank is working to get back more than $40 million after a mistake in the system let users take out more money than they had in their accounts. Social media posts about the malfunction caused the event, resulting in lengthy lines at ATMs nationwide. The precise amount taken out still needs to be discovered, despite the banks CEO, Abe Sano, confirming half a million transactions during the malfunction. The central bank made it clear that a standard system update—rather than a cyberattack—was the cause of the problem. The Commercial Bank of Ethiopia, which serves 40 million clients, is working with law enforcement to recover the missing money despite the brief suspension of Ethiopias financial system. Interestingly, the bank will not prosecute the students who made the illegal withdrawals. Read More..

B2B Tech News | 1 months ago      

Biden Announces Historic $20 Billion Investment in Intel for Semiconductor Production

President Joe Biden has made the most significant government investment in semiconductor chip manufacturing in the United States and has granted Intel

President Joe Biden has made the most significant government investment in semiconductor chip manufacturing in the United States and has granted Intel about $20 billion in grants and loans. The financing was announced in Arizona to increase local chip manufacture and address the severe scarcity of semiconductors caused by the epidemic. Biden attacked the actions of outgoing President Donald Trump while highlighting the value of US manufacturing. The investment is intended to lessen dependency on foreign chip manufacturing, mainly in China and Taiwan. It is a component of the 2022 CHIPS and Science Act. With the current global tensions, this endeavour is critical to national security. By 2030, the goal of the subsidy programme is to raise the United States percentage of advanced chip manufacture to 20%. This is a big step not only for Intel but for the whole semiconductor industry. Read More..

B2B Tech News | 1 months ago      

Neuralink Unveils First Brain Implant Patient Controlling Video Games with Thoughts

During a livestreamed event, Elon Musks brain technology business Neuralink featured Noland Arbaugh, the first patient to get a brain implant. Thanks

During a livestreamed event, Elon Musks brain technology business Neuralink featured Noland Arbaugh, the first patient to get a brain implant. Thanks to Neuralinks novel implant, quadriplegic Arbaugh showed that he could play video games and online chess with his thoughts. Neuralink was founded to help those who have significant physical limitations. Their technology allows patients to use their brain activity to control computers and other equipment. Eight years ago, Arbaugh had a spinal cord injury. He was happy and appreciative of the increased powers that the operation had made possible. Musk suggests that Neuralinks enhanced capabilities might lead to advancements in braincomputer interface technology, even if more refining is still necessary. One potential use of this technology could be the restoration of eyesight. Read More..

B2B Tech News | 1 months ago      

Airtel Payments Bank, Noise, and Mastercard Unveil Contactless Payment Smartwatch

To transform contactless payments, Airtel Payments Bank has partnered with Mastercard and Noise, the leading wristwatch brand in India, to launch the

To transform contactless payments, Airtel Payments Bank has partnered with Mastercard and Noise, the leading wristwatch brand in India, to launch the Airtel Payments Bank Smart Watch. These Noisedesigned and Airtel Payments Bankenabled watches improve Tap and Pay functionality and provide smooth contactless payment experiences right from the wrist. Consumers may purchase the watch and attach it to their savings account in under a minute by using the Airtel Thanks App. The watchs NFC chip, compatible with the Mastercard network, allows daily transactions of up to INR 25,000. The wristwatch seeks to reinvent simplicity and security in daytoday transactions with its plethora of health functions and Bluetooth calling capabilities. This partnership shows a dedication to providing cuttingedge payment options. Read More..

B2B Tech News | 1 months ago      

Nvidia Unveils Blackwell GPU Architecture 20 PetaFLOPS of AI Power

At the GPU Technology Conference, Nvidia introduced the Blackwell GPU architecture, which promises 20 PetaFLOPS of AI performance and notable efficien

At the GPU Technology Conference, Nvidia introduced the Blackwell GPU architecture, which promises 20 PetaFLOPS of AI performance and notable efficiency improvements over the previous model. Some see it as a repackaging exercise, but others highlight the computational power and energy efficiency it offers in the real world. Compute performance is doubled by the secondgeneration transformer engine, which lowers AI computations to four bits. Additionally, Blackwell chips may be easily integrated with older devices because they are plugcompatible. Nvidia also announced Nvidia Inference Microservices NIM, allowing companies to use AI models more effectively. Despite possible competition, Nvidia continues to dominate AI processing because of better hardware and software options like CUDA. While competitors like AMD and Intel may carve out niche markets, Nvidias position as a leader in AI processing seems entrenched for the foreseeable future. However, the emergence of proprietary chips from Read More..

B2B Tech News | 1 months ago      

Figure 01 AI Robot and ChatGPT Collaboration Redefines HumanRobot Interaction

Using a Visual Language Model, the Figure 01 AI Robot and ChatGPT have collaborated to demonstrate groundbreaking developments in humanrobot interacti

Using a Visual Language Model, the Figure 01 AI Robot and ChatGPT have collaborated to demonstrate groundbreaking developments in humanrobot interaction. In contrast to teleoperated robots, Figure 01 functions independently, effortlessly fusing mental and physical duties. This invention, created by Figure and OpenAI, raises the bar for humanoid robots by strongly emphasising autonomy and linguistic intelligence. Meanwhile, individuals are invited to participate in stateoftheart research projects at IIT Guwahati in India, which provides projectbased possibilities across several disciplines. Furthermore, Python is a valuable tool for building AI systems, especially chatbots, which enable genuine conversation between people and machines. Read More..

B2B Tech News | 1 months ago