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GLOBAL NEWS

General Electric to Settle Shareholder Lawsuit for $362.5 Million Over GE Power Business

A longrunning shareholder dispute involving General Electrics GE power unit will be settled for $362.5 million. According to the 2017 complaint, GE al

A longrunning shareholder dispute involving General Electrics GE power unit will be settled for $362.5 million. According to the 2017 complaint, GE allegedly misled investors about the risks connected to its GE Power division, namely its reliance on factoring to increase revenue at the expense of future cash flows. Court approval is required for the settlement, which addresses claims of false statements made between 2016 and 2018. GE agreed to a settlement even though the company and its former CFO denied wrongdoing. GE has allocated funds for this settlement. Read More..

B2B Tech News | 1 months ago      

South Korea to Invest $10 Billion in LowInterest Loans to Revitalize Semiconductor Industry

To strengthen its semiconductor industry in 2024, South Korea intends to invest 14 trillion won $10 billion in lowinterest loans, tackling issues brou

To strengthen its semiconductor industry in 2024, South Korea intends to invest 14 trillion won $10 billion in lowinterest loans, tackling issues brought on by Chinese competition and unpredictability in U.S. policy. A total of 1.8 trillion won will be used for infrastructure, including power lines for a new semiconductor factory, and the loans will be disbursed through staterun banks. With an emphasis on its new hightech chipmaking cluster and adjusting to changes in global trade, including possible changes from the U.S. under Presidentelect Trump, South Korea hopes to revive its chip industry, lagging behind competitors in both design and manufacture. Read More..

B2B Tech News | 1 months ago      

OpenAI Facilitates $1.5 Billion Tender Offer with SoftBank to Boost Liquidity

A CNBC report on Wednesday stated that OpenAI, supported by Microsoft MSFT.O, is conducting a tender offer that will allow its workers to sell roughly

A CNBC report on Wednesday stated that OpenAI, supported by Microsoft MSFT.O, is conducting a tender offer that will allow its workers to sell roughly $1.5 billion worth of shares to Japans SoftBank Group 9984.T. This action aligns with the increasing interest of international investors in the AI space, particularly in OpenAI, which has attracted a lot of notice for its developments in AI technology. The deal demonstrates SoftBanks approach to expanding engagement in gamechanging technology while offering liquidity alternatives to OpenAI staff members. Read More..

B2B Tech News | 1 months ago      

NTPC Green Energy Shares Surge 11.9% in Strong Market Debut

Strong investor enthusiasm in Indias expanding clean energy sector was reflected in NTPC Green Energys shares, which rose 11.9% on its first day of tr

Strong investor enthusiasm in Indias expanding clean energy sector was reflected in NTPC Green Energys shares, which rose 11.9% on its first day of trade. Indias need for $385 billion in investments in renewable energy by 2030 was reflected in the oversubscription of the $1.2 billion initial public offering. NTPC Renewable Energy will use the proceeds of the largest initial public offering IPO in the nations renewable energy sector to pay down its debt. The encouraging reaction from the market reflects the impressive results of other clean energy firms, underscoring hope for Indias drive towards renewable energy. Read More..

B2B Tech News | 1 months ago      

Meta Shuts Down Two Million Scam Accounts Linked to Southeast Asia and Middle East

Meta has closed two million accounts connected to extensive frauds from the Middle East and Southeast Asia. Scam centres in nations including Myanmar,

Meta has closed two million accounts connected to extensive frauds from the Middle East and Southeast Asia. Scam centres in nations including Myanmar, Cambodia, and the United Arab Emirates promote fraud schemes like pig slaughtering, which are the focus of this twoyear initiative. Metas initiatives include introducing antiscam tools, cooperating with law enforcement, and banning harmful groups. To fight online crime, the company also collaborates with industry partners. Many victims have been forced into scam operations, and pig butchering scams, which frequently begin on dating and messaging apps, have resulted in billions of dollars in damages. Read More..

B2B Tech News | 1 months ago      

MTN South Africa Joins Forces with China Telecom and Huawei to Boost 5G and AI

To enhance its 5G, cloud, artificial intelligence, and business solutions, MTN South Africa has inked a Memorandum of Understanding with China Telecom

To enhance its 5G, cloud, artificial intelligence, and business solutions, MTN South Africa has inked a Memorandum of Understanding with China Telecom and Huawei. The partnership seeks to improve digital infrastructure in Africa by fusing Huaweis stateoftheart technology, MTNs regional footprint, and China Telecoms worldwide experience. In addition to offering better network services to consumers and companies, this collaboration will promote IoT developments and provide new opportunities, especially in intelligent mining and industrial applications. Read More..

B2B Tech News | 1 months ago      

Orange Partners with OpenAI and Meta to Translate West African Languages via AI

To facilitate the translation of regional languages in West Africa, Orange will collaborate with OpenAI and Meta to improve large language models LLMs

To facilitate the translation of regional languages in West Africa, Orange will collaborate with OpenAI and Meta to improve large language models LLMs, such as OpenAIs Whisper and Metas Llama. The project, which aims to rectify the underrepresentation of nonEnglish languages in AI, is scheduled for 2025. Orange will supply data to train these models by drawing on its experience in African markets, enabling local languages for public services and customer support. Orange also inked an agreement for direct access to OpenAI models in Europe to increase its AI skills across several applications. Read More..

B2B Tech News | 1 months ago      

Fortinet Integrates GenAI Across Seven Products to Boost Cybersecurity Efficiency

Fortinet has added FortiAI integrations to improve cybersecurity operations and broadened its generative AI GenAI capabilities across seven products.

Fortinet has added FortiAI integrations to improve cybersecurity operations and broadened its generative AI GenAI capabilities across seven products. FortiAI for FortiNDR Cloud expedites threat detection and response by providing indepth insights into new threats and vulnerabilities. Similarly, FortiAI for Lacework FortiCNAPP helps SOC teams comprehend warnings, evaluate risks, and automate remediation with codelevel precision. Other integrations include contextbased recommendations from FortiSIEM, network automation from FortiManager, and threat analysis from FortiAnalyser. Fortinets GenAI innovations aim to enhance decisionmaking, expedite security procedures, and increase resistance to changing cyber threats. Read More..

B2B Tech News | 1 months ago