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GLOBAL NEWS

Israeli Cybersecurity Startup Wiz Ends $23 Billion Acquisition Talks with Alphabet

In a document seen by Reuters, Israeli cybersecurity company Wiz said that negotiations with Alphabet for a possible $23 billion purchase have ended.

In a document seen by Reuters, Israeli cybersecurity company Wiz said that negotiations with Alphabet for a possible $23 billion purchase have ended. According to CEO Assaf Rappaport, Wiz will concentrate on an IPO, with a goal of $1 billion in recurring income annually. Wiz and Alphabet have not acknowledged the acquisition talks. Wizs $12 billion fundraising round valuation roughly doubled after Reuters revealed earlier last month that Alphabet was in advanced discussions to acquire the company. Wiz offers cloudbased cybersecurity solutions driven by AI. With Alphabet having just decided not to pursue the acquisition of HubSpot, this announcement is a blow to Googles cloud business, which brought in over $33 billion in revenue last year. Read More..

B2B Tech News | 2 days ago      

Equinix Expands in Southeast Asia with Acquisition of Three Data Centers in the Philippines

Equinix has expanded significantly in Southeast Asia by acquiring three data centres from Total Information Management in the Philippines. Equinixs re

Equinix has expanded significantly in Southeast Asia by acquiring three data centres from Total Information Management in the Philippines. Equinixs regional reach is strengthened by this action, which goes well with its recent and planned investments in Indonesia and Malaysia. The acquisition will increase Equinixs footprint in a highgrowth region with a techsavvy populace and advantageous economic conditions, according to Jeremy Deutsch, president of Equinix for AsiaPacific. The areas youthful population, accessible labour and land, and prodata centre laws contribute to its economic potential. Equinix also intends to expand later this year to Chennai, India, and Jakarta, Indonesia. Read More..

B2B Tech News | 2 days ago      

Canonical Releases Critical Security Updates for Ubuntu on Azure

Canonical has released security updates to address multiple Linux kernel vulnerabilities for Microsoft Azure Cloud systems in Ubuntu 16.04 ESM and 18.

Canonical has released security updates to address multiple Linux kernel vulnerabilities for Microsoft Azure Cloud systems in Ubuntu 16.04 ESM and 18.04 ESM. These vulnerabilities could allow denial of service, data exposure, or arbitrary code execution. Key issues include problems with the ext4 file system, ATA over Ethernet driver, and software RAID driver. Despite Ubuntu 16.04 and 18.04 reaching endoflife, Extended Security Maintenance ESM via Ubuntu Pro and TuxCares Extended Lifecycle Support ELS provide ongoing updates. TuxCare has patched these vulnerabilities for Ubuntu 16.04 and 18.04 ELS and offers KernelCare Enterprise, enabling live kernel patching without system reboots, ensuring continued security for Microsoft Azure Cloud users. Read More..

B2B Tech News | 2 days ago      

MediaTek Dimensity 8400 Set to Disrupt NonFlagship Market with High Benchmark Scores

The MediaTek Dimensity 8400 chipset is a highly anticipated rival in the nonflagship smartphone market, with an expected introduction later this year.

The MediaTek Dimensity 8400 chipset is a highly anticipated rival in the nonflagship smartphone market, with an expected introduction later this year. AnTuTu benchmark scores range from 1.7 million to 1.8 million, which is higher than Qualcomms Snapdragon 8 Gen 3 processor, according to tipster Digital Chat Station. Manufacturers of smartphones may find the Dimensity 8400 a popular option because it is also reportedly less expensive to produce. Using a price point estimated at Rs. 17,250 or CNY 1,500, smartphones using this chipset are expected to offer good performance at a reduced cost. On the other hand, other aspects that will be evaluated when it is released include core implementation, power efficiency, and optimisation. Read More..

B2B Tech News | 2 days ago      

Google Retains ThirdParty Cookies in Chrome Amid Advertiser Concerns

Reversing its promise to take away thirdparty cookies, Google said it will keep them in its Chrome browser. Googles primary source of income, advertis

Reversing its promise to take away thirdparty cookies, Google said it will keep them in its Chrome browser. Googles primary source of income, advertisers, expressed worry that removing cookies would make it more difficult for them to personalise advertising and make them more dependent on Googles user datasets. As a result, Google made this choice. Concerning competition, the UKs Competition and Markets Authority also examined the original plan. Instead, Google will provide a new Chrome experience that empowers users to choose cookies wisely. Google has been working on the Privacy Sandbox effort to promote digital enterprises and improve privacy since 2019. Reactions to the decision were divided some emphasised the risk of harm to consumers from ongoing tracking, while others expressed relief that cookies wouldnt be abruptly discontinued. Read More..

B2B Tech News | 2 days ago      

Nokia and Bharti Airtel Achieve 5G NSA Cloud RAN Milestone in India

Nokia announced its first successful 5G nonstandalone NSA Cloud RAN trial with Bharti Airtel in India, enhancing Airtels highperforming network strate

Nokia announced its first successful 5G nonstandalone NSA Cloud RAN trial with Bharti Airtel in India, enhancing Airtels highperforming network strategy. Utilizing 3.5 GHz for 5G and 2100 MHz for 4G, the overtheair trial achieved over 1.2 Gbps throughput with commercial devices. The trial employed Nokias RAN Software on virtualized Distributed and Centralized Units running on x86 hardware with a CaaS layer, demonstrating higher service innovation and network automation. This marks a significant milestone in Airtels cloudification journey, aiming for scalability and agility. Nokias anyRAN approach supports hybrid networks, offering flexibility in cloud infrastructure and technology suppliers, enhancing Airtels capabilities in delivering superior customer experiences. Read More..

B2B Tech News | 2 days ago      

IMF Approves New Loans to Niger to Support Economic Reforms and Stability

To promote economic reforms targeted at enhancing balance of payments stability and resolving longstanding balance of payments difficulties, Niger wil

To promote economic reforms targeted at enhancing balance of payments stability and resolving longstanding balance of payments difficulties, Niger will receive further loans from the IMF. The first review under the Resilience and Sustainability Facility RSF and the fourth and fifth reviews of Nigers Extended Credit Facility ECF were finished on Wednesday by the IMF Executive Board. As a result, SDR 19.74 million about $26 million under the ECF and SDR 34.216 million around $45 million under the RSF were immediately disbursed. To give essential reforms and fiscal consolidation more time, the ECF, which was authorised on December 8, 2021, and the RSF, which was introduced in July 2023, have been extended until December 2025. The political unrest in Niger caused interruptions to the programme, which affected the debt service. Read More..

B2B Tech News | 2 days ago      

Berkshire Hathaway Sells 33.9 Million Shares of Bank of America for $1.48 Billion

In recent transactions, Berkshire Hathaway sold over 33.9 million Bank of America shares for nearly $1.48 billion, per a regulatory filing. After this

In recent transactions, Berkshire Hathaway sold over 33.9 million Bank of America shares for nearly $1.48 billion, per a regulatory filing. After this transaction, Berkshire will have about 999 million bank shares. In addition to being a significant stakeholder in Bank of America, Berkshire holds stakes in Wells Fargo and JPMorgan Chase, two other significant banks, amid worries about the banks capital, Berkshire, led by Warren Buffett, first invested in Bank of America in 2011 by purchasing $5 billion in preferred stock and warrants for 700 million common shares. Read More..

B2B Tech News | 2 days ago