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GLOBAL NEWS

Elon Musk’s X Unveils XChat With EndtoEnd Encryption and Vanishing Messages

The new messaging app XChat, developed by Elon Musks X, offers file sharing, audio/video calling, vanishing messages, and endtoend encryption. Current

The new messaging app XChat, developed by Elon Musks X, offers file sharing, audio/video calling, vanishing messages, and endtoend encryption. Currently only accessible to paying users, the functionality attempts to establish X as an "everything app", competing with Telegram and WhatsApp. XChats encryption is "Bitcoinstyle", according to Musk, and is based on a new Rust architecture, though the specifics are still unknown. In anticipation of this launch, X temporarily halted encrypted messaging, which was followed by the rollout. Screenshots suggest a fourdigit passcode system and sophisticated group chats, highlighting privacy precautions. As a multipurpose digital centre that integrates messaging, payments, and AIdriven services, Musk has long had this vision for X. Read More..

B2B Tech News | 2 months ago      

Reddit Suffers Global Outage, Affecting Over 29,000 Users

Over 29,000 users were impacted by the June 3 global outage on Reddit, according to Downdetector. Users reportedly saw high error rates that blocked a

Over 29,000 users were impacted by the June 3 global outage on Reddit, according to Downdetector. Users reportedly saw high error rates that blocked access to feeds, comments, and posts. Reddit acknowledged the problem and said it was looking into the cause when the outage peaked at 246 p.m. ET. Although there have been sporadic outages on the site in the past, this one is among the biggest in recent memory. Users reported server issues and unsuccessful login attempts on X previously Twitter, with some believing that there might be a problem with the backend infrastructure. Users are waiting for information on service restoration, as Reddit has not yet provided an official schedule for resolution. Read More..

B2B Tech News | 2 months ago      

Microsoft Invests $400 Million to Expand AI and Cloud Infrastructure in Switzerland

Microsoft is reaffirming its dedication to digital innovation by spending $400 million in Switzerland to grow its cloud computing and AI infrastructur

Microsoft is reaffirming its dedication to digital innovation by spending $400 million in Switzerland to grow its cloud computing and AI infrastructure. The news came at a meeting between Microsoft Vice Chair Brad Smith and Swiss Economy Minister Guy Parmelin in Bern. To meet the growing demand for AIdriven cloud services, the money will be utilised to update four data centres close to Geneva and Zurich. Additionally, Microsoft will collaborate with Swiss SMEs and startups to assist worker training and the use of AI. The extension benefits government, healthcare, and finance by guaranteeing data localisation within Swiss borders. Smith highlighted Switzerlands robust innovation environment, establishing the nation as a major European powerhouse for artificial intelligence. Read More..

B2B Tech News | 3 months ago      

China Condemns U.S. AI Chip Export Restrictions, Calls Them Trade Violations

China has accused the U.S. of violating trade agreements by rescinding student visas and imposing additional export restrictions on AI chips. Tensions

China has accused the U.S. of violating trade agreements by rescinding student visas and imposing additional export restrictions on AI chips. Tensions between the two countries have escalated as a result of the U.S. lately limiting sales of AI chips and banning the export of chip design tools. Chinas commerce ministry denied claims of breaking trade agreements, saying it has complied with its obligations while the United States has taken unilateral action. The dispute comes after both nations agreed to lower high tariffs during a 90day trade ceasefire. China emphasised its will to protect national interests while threatening reprisal actions. The confrontation highlights growing trade and technology disputes, with semiconductor dominance and artificial intelligence at the root of geopolitical concerns. Read More..

B2B Tech News | 3 months ago      

ADB President Warns Tariff War Could Slow Global Demand and Investment

Masato Kanda, president of the Asian Development Bank ADB, cautioned that the protracted tariff war will reduce global demand and burden capital inves

Masato Kanda, president of the Asian Development Bank ADB, cautioned that the protracted tariff war will reduce global demand and burden capital investment, especially in developing Asian nations. Speaking in New Delhi, Kanda underlined the necessity of legislative changes and trade diversification in order to reduce risks. Over a fiveyear period, ADB has pledged $10 billion to improve Indias urban infrastructure, including rapid transit and metro extensions. Indias GDP is predicted by the bank to rise at a rate of 6.7% in FY26 and 6.8% in FY27, outpacing that of other developing Asian nations. In order to increase economic resilience in the face of uncertainty surrounding international trade, Kanda advised authorities to expedite trade deals, especially those with the EU and the UK. Read More..

B2B Tech News | 3 months ago      

TSMC CEO AI Chip Demand Surging Despite U.S. Tariffs

According to TSMC CEO C.C. Wei, the company is somewhat impacted by U.S. tariffs, but demand for AI chips is still high and continuously surpasses sup

According to TSMC CEO C.C. Wei, the company is somewhat impacted by U.S. tariffs, but demand for AI chips is still high and continuously surpasses supply. Wei explained during TSMCs annual shareholders meeting that importers, not exporters, are impacted by tariffs, which could reduce demand by raising prices marginally. TSMC has not noticed any changes in customer behaviour despite trade uncertainty, and the situation can clarify itself in the upcoming months. The business reiterated its optimistic outlook while highlighting its dedication to satisfying the demand for AIdriven chips. Wei also denied rumours that TSMC was constructing factories in the United Arab Emirates, claiming that the business had no such intentions. Read More..

B2B Tech News | 3 months ago      

Elon Musk’s xAI Seeks $113 Billion Valuation in $300 Million Share Sale

Employees can sell shares to investors through Elon Musks xAI, which is aiming for a $113 billion valuation in a $300 million share sale. It is antici

Employees can sell shares to investors through Elon Musks xAI, which is aiming for a $113 billion valuation in a $300 million share sale. It is anticipated that xAI would sell new equity to external investors in a larger investment round. When the AI startup bought X formerly Twitter in March, it was worth $80 billion, while X was worth $33 billion. Following his departure from advising positions in the Trump administration and return to Tesla and AI endeavours, Musk has turned his attention to xAI. The business is strengthening its position in the AI industry by negotiating to raise $20 billion in financing. Read More..

B2B Tech News | 3 months ago      

Meta Targets Full AI Ad Automation by 2026, Reshaping Digital Marketing

By 2026, Meta intends to use AI to completely automate ad production and targeting, enabling brands to create customised ad versions, image background

By 2026, Meta intends to use AI to completely automate ad production and targeting, enabling brands to create customised ad versions, image backgrounds, and video modifications without the need for human participation. Metas AI will design the complete advertisement, including text, images, and audience targeting on Facebook and Instagram, based on the budget and product image that advertisers supply. Along with realtime ad personalisation based on user behaviour and geography, the system will also advise ways to optimise the budget. Mark Zuckerberg, the CEO of Meta, highlighted the need for AIdriven advertising solutions that produce quantifiable outcomes at scale. Read More..

B2B Tech News | 3 months ago