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GLOBAL NEWS

Nokia Boosts Fixed Networks R&D in Chennai, Solidifies Tamil Nadus Role as Tech Hub

In Chennai, Tamil Nadu, Nokia has announced that it is expanding its Fixed Networks R&D centre, making it the largest for its Fixed Networks division

In Chennai, Tamil Nadu, Nokia has announced that it is expanding its Fixed Networks R&D centre, making it the largest for its Fixed Networks division and among the largest globally. This expansion, backed by the government of Tamil Nadu, highlights Nokias dedication to developing technologies such as Fixed Wireless Access, WiFi solutions, 10G, 25G, 50G, and 100G PON. A Memorandum of Understanding MoU formalising the partnership demonstrates Tamil Nadus increasing stature as a technology centre and underscores Chennais strategic significance in Nokias worldwide operations. This project aims to significantly enhance Nokias worldwide R&D capabilities by fostering innovation in the telecom sector and producing highvalue jobs. Read More..

B2B Tech News | 1 months ago      

Amazons New Alexa Integrates Claude AI, Offering Premium Features for Paid Users

Anthropics Claude AI will be integrated into Amazons redesigned Alexa, which is set to ship in October, to provide enhanced capabilities over Amazons

Anthropics Claude AI will be integrated into Amazons redesigned Alexa, which is set to ship in October, to provide enhanced capabilities over Amazons current AI models. While the "Classic" version is free, the "Remarkable" version, which costs $5 to $10 per month, offers improved features, including personalised shopping advice, complicated query processing, and improved home automation. With competitors like Microsoft and Apple, this change represents Amazons calculated attempt to maintain its competitiveness in the AI market. However, users willingness to pay for an ordinarily free service is questioned. Despite the possibility of delays if internal goals arent fulfilled, Amazon anticipates that the new Alexa, along with more robust AI, would strengthen its smart home ecosystem and earn substantial income. Read More..

B2B Tech News | 1 months ago      

Europes Chip Industry Pushes for Chips Act 2.0 Amid Global Market Challenges

The European Semiconductor Industry Association ESIA has called on the European Union to expedite aid and draft a "Chips Act 2.0" to support the conti

The European Semiconductor Industry Association ESIA has called on the European Union to expedite aid and draft a "Chips Act 2.0" to support the continents semiconductor industry further. In its statement, ESIA emphasises the need for expedited aid distribution, lowered export prohibitions, and the designation of a "Chips Envoy" to supervise semiconductor policy. With the introduction of a €43 billion subsidy package in April 2023, the first E.U. Chips Act sought to raise Europes market share of chips to 20% by 2030. Concerns regarding Europes capacity to achieve its objectives in the face of delays and difficulties in the global market persist, notwithstanding notable initiatives like Intels €30 billion project in Magdeburg and TSMCs €10 billion facility in Dresden. Read More..

B2B Tech News | 1 months ago      

India Expands Semiconductor Industry with ₹3,300 Cr Kaynes Semicon Plant in Gujarat

The Union Cabinets approval of Kaynes Semicon Pvt Ltds new semiconductor production facility in Sanand, Gujarat, is a significant step forward for Ind

The Union Cabinets approval of Kaynes Semicon Pvt Ltds new semiconductor production facility in Sanand, Gujarat, is a significant step forward for Indias semiconductor sector. With an investment of ₹3,300 crore, this factory could produce 60 lakh chips per day for the automotive, telecom, and consumer electronics industries. This permission is a part of Indias larger ₹76,000 crore semiconductor strategy, which was introduced in December 2021. Tata Electronics Dholera, Gujarat, and other Assamese and Sanand operations have previously received permission. The combined production of 7 crore chips per day from these projects is anticipated to bring in around ₹1.5 lakh crore investments, greatly enhancing Indias semiconductor industry. Read More..

B2B Tech News | 1 months ago      

ChinaAfrica Trade Surges 5.5% to $166.6 Billion in First Seven Months of 2024

In the first seven months of 2024, commerce between China and Africa increased by 5.5% annually to 1.19 trillion yuan, or almost $166.6 billion. With

In the first seven months of 2024, commerce between China and Africa increased by 5.5% annually to 1.19 trillion yuan, or almost $166.6 billion. With 1.5% growth over the previous year, commerce between China and Africa reached a new high of $282.1 billion in 2023. Chinas exports of new energy cars, lithium batteries, and photovoltaic items to Africa increased dramatically, while Chinas purchases of African fruits, vegetables, nuts, and flowers increased noticeably. For the past 15 years running, China has been Africas biggest trade partner. 990.55 points was the record obtained by the freshly created ChinaAfrica Trade Index in 2022, with a benchmark set at 100 points in 2000. Expected to strengthen commercial and economic relations further is the 2024 Forum on ChinaAfrica Cooperation Summit, scheduled for September 46 in Beijing. Read More..

B2B Tech News | 1 months ago      

Vistara to Transition to Air India Operations in November as Merger Advances

After receiving significant government permission, Indian carrier Vistara will begin using Air India to operate its aircraft in November. With the per

After receiving significant government permission, Indian carrier Vistara will begin using Air India to operate its aircraft in November. With the permission of foreign direct investment into the enlarged Air India, Singapore Airlines—which jointly owns 49% of Vistara with the Tata Group—has overcome a significant obstacle. A postponement of the mergers original March 2024 completion date is being considered. The merger is now anticipated to be completed by the end of 2024. Vistara will no longer accept all flights booked until November 12 as of September 3. Air India will take over the operation of all Vistara aircraft. With up to $599 million invested after the merger, Singapore Airlines will own a 25.1% share in the combined Air India business. Read More..

B2B Tech News | 1 months ago      

Reliance Industries Shares Inch Up 1.6% Amid LowKey Shareholder Meeting

Reliance Industries, the largest firm in India, with a market capitalisation of $245 billion, kept a low profile during its annual shareholder meeting

Reliance Industries, the largest firm in India, with a market capitalisation of $245 billion, kept a low profile during its annual shareholder meeting. As he first promised investors like KKR, Silver Lake, and Meta, Chairman Mukesh Ambani must list the companys two consumerfacing divisions. The stock increased just 1.6% despite lofty objectives like breaking into the worlds top 30 and announcing plans to produce solar modules and build a gigafactory for batteries. Though market prices and weaker retail growth have muted excitement, Reliances future spinoffs might help unlock wealth. The firms stock market listings have limited immediate benefits, as the shares are trading close to the average target price established by brokerages. Read More..

B2B Tech News | 1 months ago      

Salesforce Shares Surge 4% After Strong Quarterly Results and AI Integration Success

Following solid quarterly results and encouraging investor sentiment surrounding its AI projects, Salesforces CRM.N shares increased by almost 4% on T

Following solid quarterly results and encouraging investor sentiment surrounding its AI projects, Salesforces CRM.N shares increased by almost 4% on Thursday. The firm has been incorporating AI into its products, such as Slack, to increase capabilities and draw clients. Salesforce surpassed forecasts for sales, profit, and margin in the second quarter despite worries about the possible effects of lower cloud investment. For the fiscal year ending in January 2025, the corporation also increased its profit projection. In contrast to rivals like ServiceNow, which have higher multiples, Salesforces stock is priced at 24.49 times Wall Streets earnings forecasts. According to analysts, new AI technologies and Agentforces impending debut might be the main drivers of future development. Read More..

B2B Tech News | 1 months ago