BP Plans $20 Billion to $25 Billion Investment in Kirkuk Oil Fields Redevelopment

Under a 25year profitsharing deal, BP is scheduled to spend $20 billion to $25 billion to rebuild four oil and gas sites in Kirkuk, Iraq. This possibl

Under a 25year profitsharing deal, BP is scheduled to spend $20 billion to $25 billion to rebuild four oil and gas sites in Kirkuk, Iraq. This possible agreement might be finalised in the upcoming weeks, a significant step towards luring international investment in the face of obstacles like war and corruption. The investment would raise the capacity of these fields to produce 150,000 barrels of crude per day, increasing the overall capacity to at least 450,000 barrels per day in two to three years. Since the 1920s, BP has maintained a presence in the area, and through facility rehabilitation and natural gas resource development, the corporation hopes to meet Iraqs domestic energy demands. Read More..

B2B Tech News | 2 months ago       126

AMD’s Instinct MI350 Data Center GPUs to Sample This Quarter, Full Production by Mid2025

With sampling for important clients starting this quarter and full production ramping up by mid2025, AMD is expected to ship its Instinct MI350 data c

With sampling for important clients starting this quarter and full production ramping up by mid2025, AMD is expected to ship its Instinct MI350 data centre GPUs earlier than anticipated. According to CEO Lisa Su, the schedule was accelerated due to strongthanexpected development and excellent consumer demand. Despite lagging behind Nvidia, AMDs data centre revenue has gradually increased because of significant customers like IBM, Microsoft, and Meta. With sales of its Instinct chips surpassing $5 billion in 2024, AMD anticipates doubledigit growth in 2025. Of AMDs $7.1 billion in total revenue last year, $3.9 billion came from data centres. Su thinks there is still a high need for AI computing, making MI350 a crucial component of AMDs data centre business growth. Read More..

B2B Tech News | 2 months ago       106

Apple Launches ‘Apple Invites’ App to Streamline Event Planning

Apple has unveiled Apple Invites, a brandnew iPhone app that makes event planning easier by letting users create and distribute invitations, control R

Apple has unveiled Apple Invites, a brandnew iPhone app that makes event planning easier by letting users create and distribute invitations, control RSVPs, and work together on playlists. Customisable invitations with integrated maps, weather data, and themed backgrounds are available through the app. Attendees can upload images and videos to shared albums, and Apple Music users can make playlists together. Using writing tools and Image Playground, Apple Intelligence simplifies creating invitations. Guests can reply via links without requiring an Apple ID, and hosts can easily organise events. Additional perks, including more storage and improved privacy features, are available to iCloud+ subscribers. Apple Invites, accessible on iOS 18 and the web starting 4 February 2025, attempts to improve social coordination seamlessly. Read More..

B2B Tech News | 2 months ago       109

Krutrim2 AI Model Launched Multilingual Support for 22 Indian Languages

Ola founder Bhavish Aggarwal unveiled new opensource AI models, such as Krutrim2, emphasising India and the Krutrim AI Lab, which will serve as the ce

Ola founder Bhavish Aggarwal unveiled new opensource AI models, such as Krutrim2, emphasising India and the Krutrim AI Lab, which will serve as the centre for the subsequent AI model releases. Aggarwal promised to contribute ₹2,000 crores, intending to invest an additional ₹10,000 crores the following year. Hugging Face offers the 12billionparameter Krutrim2 multilingual model covering 22 Indian languages. Other releases include Vyakyarth1IndicEmbedding for NLP tasks, Dhwani1 for speech translation, and Chitrarth1, a Vision Language Model. Additionally, Krutrim unveiled BharatBench, an AI benchmark for Indic languages. Aggarwal stressed opensource cooperation to improve Indias AI ecosystem. Krutrim and Nvidia are collaborating to introduce Blackwellbased GB200 GPUs to enhance AIdriven workloads in March. Read More..

B2B Tech News | 2 months ago       133

Cloudflare Integrates C2PA to Preserve Image Authorship and Editing History

Creators may now maintain the complete provenance chain of online photos, including authorship and editing history, thanks to Cloudflares integration

Creators may now maintain the complete provenance chain of online photos, including authorship and editing history, thanks to Cloudflares integration of the Coalition for Content Provenance and Authenticity C2PA onto its platform. By confirming image authenticity, this upgrade, a component of Cloudflare Images, improves digital transparency and aids in the fight against false information. Cloudflares Head of AI Control, Privacy & Media Products, Will Allen, compared digital provenance to art authenticity, highlighting its function in giving creators credit and employment prospects. Cloudflare now supports the "Content Credentials" system, created by the Content Authenticity Initiative CAI in 2019 with Adobe as a cofounder and guarantees that metadata is preserved when images are shared. The Cloudflare dashboards Images > Transformations > Zone section is where users can activate this capability. Read More..

B2B Tech News | 2 months ago       144 Transformations > Zone section is where users can activate this capability.','UK English Male');" class="fa" type='button' value='' />

Europe Launches OpenEuroLLM to Develop OpenSource AI for EU Languages

The European Commission supported the OpenEuroLLM Project, a European effort to create opensource AI models, by bestowing the Strategic Technologies f

The European Commission supported the OpenEuroLLM Project, a European effort to create opensource AI models, by bestowing the Strategic Technologies for Europe Platform STEP Seal on Monday. This project aims to develop multilingual large language models LLMs that are fluent in every EU language while maintaining regulatory compliance and transparency. Codirected by Peter Sarlin from AMD Silo AI and coordinated by Jan Hajič from Charles University, the program is being led by a group of 20 European academic institutions, businesses, and EuroHPC centres. The initiative will make AI models, documentation, training codes, and assessment metrics available for public and commercial usage to increase Europes competitiveness in AI. It looks for more investors and is funded by the Digital Europe Program. Read More..

B2B Tech News | 2 months ago       291

FTAs Back on the Table India and UK Set to Revive Trade Negotiations

Negotiations for a planned Free Trade Agreement FTA between the United Kingdom and India are scheduled to commence on 24 February 2025. Beginning in J

Negotiations for a planned Free Trade Agreement FTA between the United Kingdom and India are scheduled to commence on 24 February 2025. Beginning in January 2022, the talks had been put on hold because of the general elections in both nations. Customs tariffs, services, and bilateral investments are important topics discussed in the subsequent negotiations. India wants increased access to the UK market for its highly qualified workers in industries like IT and healthcare and the removal of customs taxes on a range of products. In contrast, the UK wants more chances in Indias financial services and telecommunications industries and is pushing lower import taxes on goods like whisky. Read More..

B2B Tech News | 2 months ago       120

Union Budget 202526 India Launches Centre of Excellence in AI for Education and Deep Tech Fund

The Union Budget 2025–2026 has revealed important projects to boost deep tech and artificial intelligence innovation, supporting Indias ambition to

The Union Budget 2025–2026 has revealed important projects to boost deep tech and artificial intelligence innovation, supporting Indias ambition to become a worldwide leader in technology. Finance Minister Nirmala Sitharaman made a ₹500 crore commitment to establish a Deep Tech Fund to assist entrepreneurs and a Centre of Excellence in AI for Education. By incorporating AI into the classroom, this project aims to enhance learning outcomes and equip students for difficulties in the future. Puneet Chandok, president of Microsoft India, praised the budgets emphasis on AI and emphasised the companys $3 billion investment in Indias AI ecosystem and its partnership to train 500,000 people by 2026. To encourage Indias use of AI and lessen its dependency on foreign technology, the Deep Tech Fund supports robotics, semiconductors, and artificial intelligence entrepreneurs. Read More..

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