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Microsoft Reports 18% Revenue Surge to $82.9 Billion in Q3 2026 Results

Microsoft Corp. announced its fiscal thirdquarter 2026 results on April 29, 2026, reporting revenue of $82.9 billion—an 18% increase yearoveryear. O

Microsoft Corp. announced its fiscal thirdquarter 2026 results on April 29, 2026, reporting revenue of $82.9 billion—an 18% increase yearoveryear. Operating income rose 20% to $38.4 billion, while net income hit $31.8 billion. CEO Satya Nadella emphasized that the company is focused on delivering cloud and AI solutions that empower businesses in the "agentic computing era." Despite heavy capital expenditures on AI infrastructure, Microsoft’s cloud segment remained a primary growth engine, with demand for Azure and AI services continuing to scale globally. Diluted earnings per share reached $4.27, exceeding analyst expectations. The results reflect Microsoft’s successful strategy of integrating generative AI across its stack, from developer tools to enterprise applications. The company noted that its nonGAAP results exclude certain impacts from investments in OpenAI, but the overall financial trajectory remains bolstered by the rapid adoption of enterprise AI. Read More..

B2B Tech News | 1 months ago

Volkswagen Unveils "Agentic AI" Roadmap for SoftwareDefined Vehicles in China

At the Auto China 2026 event on April 29, Volkswagen Group unveiled its "Agentic AI for All" roadmap, signaling a massive pivot toward AIdefined mobil

At the Auto China 2026 event on April 29, Volkswagen Group unveiled its "Agentic AI for All" roadmap, signaling a massive pivot toward AIdefined mobility. Starting in 2026, all vehicles built on the new China Electronic Architecture will feature onboard AI agents capable of intuitive, humanlike interactions and autonomous decisionmaking for cabin comfort and route optimization. This MultiAgent AI system consists of coordinated specialized agents that manage different aspects of the vehicle—from the "Driving Agent" ensuring safety to the "Ecosystem Agent" handling external service payments and scheduling. This strategy is part of a larger push to launch 20 new electrified and smart models in the Chinese market this year alone. By integrating deep AI at the architectural level, Volkswagen aims to reclaim market share from local techheavy rivals by offering a superior digital user experience. Read More..

B2B Tech News | 1 months ago

Lovelace AI Emerges from Stealth with "Elemental" Context Engine for Enterprises

On April 28, 2026, Lovelace AI, a startup founded by former Google Cloud AI head Andrew Moore, emerged from stealth to introduce "Elemental." This ent

On April 28, 2026, Lovelace AI, a startup founded by former Google Cloud AI head Andrew Moore, emerged from stealth to introduce "Elemental." This enterprise context engine builder is designed for highstakes environments where analytical accuracy is missioncritical. Unlike standard retrievalaugmented generation RAG that relies on probabilistic models, Elemental prioritizes structured knowledge graphs to provide a deterministic foundation for autonomous agents. The platform utilizes "YottaGraph," a backend repository containing trillions of facts that grows by one billion entries weekly, to enrich internal corporate data. By resolving data silos and anchoring AI agents in verifiable facts, the technology aims to solve common issues like token inefficiency and high latency. This launch marks a significant maturation in the AI market, shifting focus toward verifiable, missioncritical accuracy for enterprise investigative queries and complex data management. Read More..

B2B Tech News | 1 months ago

Google Breaks Ground on $15 Billion "Viksit Bharat" AI Hub in Visakhapatnam

On April 28, 2026, Google officially broke ground on its landmark AI hub in Visakhapatnam, Andhra Pradesh, marking its largest single investment in In

On April 28, 2026, Google officially broke ground on its landmark AI hub in Visakhapatnam, Andhra Pradesh, marking its largest single investment in India to date. This $15 billion project, spanning from 2026 to 2030, is designed to be a national industrial ecosystem featuring a gigawattscale data center and a nextgeneration submarine cable landing station. Developed in partnership with AdaniConneX and Nxtra by Airtel, the hub aims to provide highperformance, lowlatency AI services essential for scaling enterpriselevel AI solutions across the subcontinent. Beyond computing power, the project incorporates the "AmericaIndia Connect" initiative to expand fiberoptic networks and a longterm clean energy strategy to support Indias 500 GW nonfossil fuel goal. The facility is expected to serve as a primary engine for the "Viksit Bharat 2047" vision, positioning India as a global leader in autonomous and industrial AI infrastructure. Read More..

B2B Tech News | 1 months ago

IBM Debuts "Bob" AI Development Partner for EndtoEnd Enterprise Software Lifecycle

IBM officially launched "IBM Bob" on April 28, 2026, an AIfirst development partner designed to manage the entire software development lifecycle SDLC

IBM officially launched "IBM Bob" on April 28, 2026, an AIfirst development partner designed to manage the entire software development lifecycle SDLC for enterprise teams. Bob is engineered to assist not just with writing code, but with planning, testing, deployment, and legacy modernization. Unlike generalpurpose coding assistants, Bob operates within strict enterprise governance and security frameworks, ensuring that AIgenerated code meets corporate compliance standards before hitting production. IBM is positioning the tool as a core component of its hybrid cloud strategy, aiming to reduce the technical debt often accumulated during rapid AI integration. The system features a deep integration with modern cloud environments, allowing developers to orchestrate workflows across multiple infrastructures seamlessly. This launch signals a shift from "AIassisted coding" to "autonomous AI engineering" for largescale corporate infrastructures, with internal trials reporting a 45% productivity Read More..

B2B Tech News | 1 months ago

TSMC Projects 70% Growth for 2nm Node as Massive AI Demand Hits Production

Taiwan Semiconductor Manufacturing Co. TSMC announced on April 29, 2026, that it expects its 2nanometer 2nm chip capacity to grow at a compound annual

Taiwan Semiconductor Manufacturing Co. TSMC announced on April 29, 2026, that it expects its 2nanometer 2nm chip capacity to grow at a compound annual rate of 70% through 2028. Speaking at a technology symposium, senior VP Cliff Hou confirmed that five separate fabs are slated to begin volume production of 2nm chips within 2026. This aggressive rampup is driven by unprecedented demand for energyefficient, highperformance silicon required for nextgeneration AI data centers and sophisticated enterprise servers. The company noted that output in this first year of 2nm production is already 45% higher than the 3nm nodes initial rollout in 2023. Additionally, TSMC is significantly expanding its advanced packaging capacity—specifically ChiponWaferonSubstrate CoWoS—which is projected to grow by 80% annually to handle the complex architectures of modern AI accelerators. Read More..

B2B Tech News | 1 months ago

City Union Bank Reports 25% Profit Surge Amid Improving Asset Quality

City Union Bank released its latest financial results on April 28, 2026, reporting a 24.9% increase in net profit to ₹359.6 crore. This growth was u

City Union Bank released its latest financial results on April 28, 2026, reporting a 24.9% increase in net profit to ₹359.6 crore. This growth was underpinned by a massive 30.9% rise in net interest income, which reached ₹785.8 crore for the quarter. The bank’s performance was bolstered by significantly improved asset quality, with gross nonperforming assets NPAs declining to 1.9% and net NPAs easing to 0.68%. These figures suggest a successful recovery and growth phase for the lender following a period of economic volatility. Management attributed the success to strong credit demand in the small and medium enterprise SME sector and effective risk management strategies. The positive earnings report led to a favorable market reaction, making it one of the "stocks to watch" on the Indian exchanges today as it continues to outperform its regional peers. Read More..

B2B Tech News | 1 months ago

Mahindra & Mahindra Increases Stake in Carnot Technologies to 80%

Mahindra & Mahindra announced the completion of a Share Purchase Agreement today, April 28, 2026, to acquire an additional 28.03% stake in Carnot Tech

Mahindra & Mahindra announced the completion of a Share Purchase Agreement today, April 28, 2026, to acquire an additional 28.03% stake in Carnot Technologies. This deal raises the company’s total stake to 80.72%, with total voting rights reaching 89%. Carnot Technologies is known for its advanced telematics and smart vehicle solutions, which are becoming increasingly critical to Mahindra’s strategy for both consumer and commercial automotive segments. By bringing Carnot more fully under its umbrella, Mahindra aims to integrate its digital services more deeply into its vehicle platforms, enhancing features like remote diagnostics and fleet management. The acquisition is a clear signal of the industrywide shift toward "softwaredefined vehicles," where digital expertise is as vital as mechanical engineering. This move is expected to streamline R&D and accelerate the rollout of new connected features across Mahindras global product lineup. Read More..

B2B Tech News | 1 months ago