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GLOBAL NEWS

Adani Group Halts $10 Billion Semiconductor Talks with Tower Over Market Concerns

Concerns about the market and strategy have caused Adani Group to halt negotiations with Tower Semiconductor of Israel on a $10 billion semiconductor

Concerns about the market and strategy have caused Adani Group to halt negotiations with Tower Semiconductor of Israel on a $10 billion semiconductor project. With a monthly production capacity of 80,000 wafers, the Maharashtra facility was expected to boost Indias semiconductor aspirations and generate 5,000 jobs. Negotiations stagnated, though, as Adani questioned domestic demand and demanded a larger financial commitment from Tower beyond its technological knowhow. This loss comes after the VedantaFoxconn joint venture failed, underscoring Indias difficulties in chipmaking in spite of government incentives. China and the United States own a combined 54% of the global semiconductor business, whereas Indias share is only 6.5%. The halt calls into question Indias capacity to draw in toptier semiconductor investments. Read More..

B2B Tech News | 2 months ago      

IndiaEU Free Trade Agreement on Track for 2025 Completion After Brussels Talks

Following talks between EU Trade Commissioner Maros Sefcovic and Commerce Minister Piyush Goyal in Brussels, India and the EU have reaffirmed their co

Following talks between EU Trade Commissioner Maros Sefcovic and Commerce Minister Piyush Goyal in Brussels, India and the EU have reaffirmed their commitment to finalising the Free Trade Agreement FTA by the end of 2025. Enhancing market access, fortifying supply networks, and guaranteeing reciprocal advantages for sustainable development were the main topics of discussion. The significance of an equitable and allencompassing agreement that fosters innovation, competitiveness, and future investments was underlined by both parties. In order to settle outstanding difficulties and complete the contract within the suggested timeframe, the next round of negotiations is set for May 12–16 in New Delhi. Read More..

B2B Tech News | 2 months ago      

Egypt and Angola Strengthen Economic and Political Ties in HighLevel Cairo Meeting

After a highlevel meeting between Angolan President João Lourenço and Egyptian President Abdel Fattah ElSisi in Cairo, Egypt and Angola have bolster

After a highlevel meeting between Angolan President João Lourenço and Egyptian President Abdel Fattah ElSisi in Cairo, Egypt and Angola have bolstered their bilateral ties. In an effort to increase economic cooperation, the leaders signed Memorandums of Understanding pertaining to infrastructure, housing, IT, and communications. The two countries trade increased by 60% to $34.2 million in 2024. Regional issues such as water scarcity, climate change, and the conflicts in Sudan and Gaza were also discussed. ElSisi emphasised the necessity for united African perspectives on international issues while praising Lourenços mediation efforts in the Democratic Republic of the Congo. Both leaders reiterated their dedication to enhancing Africas presence in global organisations. Read More..

B2B Tech News | 2 months ago      

Amazon’s Q2 Forecast Tops Expectations, Signaling Resilience Amid Tariff Uncertainty

Beyond analysts average estimate of $160.91 billion, Amazon has projected secondquarter sales between $159 billion and $164 billion. This indicates re

Beyond analysts average estimate of $160.91 billion, Amazon has projected secondquarter sales between $159 billion and $164 billion. This indicates resiliency in the face of tariffrelated uncertainty as the business manages possible retail business disruptions. On the other hand, Microsofts Azure outperformed projections, and Amazon Web Services AWS announced a revenue rise of 16.9%, falling short of 17.4% predictions. Investors responded badly, as evidenced by the 5% decline in Amazon shares during afterhours trading. Concerns about cloud expansion notwithstanding, Amazons online ad sales increased 19% to $13.92 billion, solidifying its place as a big player behind Alphabet and Meta. Maintaining low retail pricing and minimising the effects of tariffs on sellers are the companys top priorities. Read More..

B2B Tech News | 2 months ago      

Trump Signs Executive Order Cutting Federal Funding to PBS and NPR

Citing perceived bias in their reporting, former US President Donald Trump signed an executive order reducing federal money to PBS and NPR. The order

Citing perceived bias in their reporting, former US President Donald Trump signed an executive order reducing federal money to PBS and NPR. The order requires the Corporation for Public Broadcasting CPB to stop providing these outlets with direct money and to stop providing them with indirect funding. Given the variety of news outlets, Trump contends that governmentfunded media are out of date and that PBS and NPR dont offer objective reporting. Legal challenges are anticipated to the move because public broadcasters, especially those in rural areas, depend on CPB subsidies. NPR representatives stressed their role in local reporting and public safety, while PBS CEO Paula Kerger cautioned that the cuts would disrupt vital services. Read More..

B2B Tech News | 2 months ago      

WhatsApp Introduces Private Processing for Enhanced AI Privacy Protection

WhatsApp has launched Private Processing, an AI function that prioritises privacy and guarantees the security of user interactions. In order to preser

WhatsApp has launched Private Processing, an AI function that prioritises privacy and guarantees the security of user interactions. In order to preserve endtoend encryption, it uses Oblivious HTTP OHTTP technology to isolate user identification from request content. While processing AIgenerated responses, such as message summaries and writing recommendations, this method keeps Meta, WhatsApp, or other third parties from accessing user data. For the purpose of verifying security claims, Meta has also committed to independent audits and bug bounty schemes. As worries about data security rise, WhatsApps privacyfirst AI policy will be strengthened with the rollout of the feature in the upcoming weeks. Private Processing seeks to increase confidence in AIdriven communication by using private cloud settings. Read More..

B2B Tech News | 2 months ago      

Xiaomi Debuts MiMo, an OpenSource AI Model for Reasoning and Code Generation

Xiaomi has released MiMo, its first opensource AI model with seven billion parameters, that is geared towards reasoning activities. Notwithstanding it

Xiaomi has released MiMo, its first opensource AI model with seven billion parameters, that is geared towards reasoning activities. Notwithstanding its smaller size, MiMo, which is intended to maximise mathematical thinking and code creation, rivals Alibabas Qwen32B and OpenAIs o1mini. Xiaomi improved data pretreatment, improved text extraction, used multilayered filtering, and trained MiMo on 25 trillion tokens to achieve efficiency. Among the four iterations of the model, the MiMo7BRLZero is particularly good at zeroshot reinforcement learning for maths and coding. MiMo is perfect for enterprise and edge computing, according to Xiaomi, as it surpasses larger versions in logic benchmarks. The opensource model can be found on Hugging Face and GitHub. Read More..

B2B Tech News | 2 months ago      

Meta Unveils Standalone AI App Powered by Llama 4 with Voice Capabilities

Llama 4powered Meta has released a standalone AI app with voice interactions, a Discover feed, and integration for smart glasses. With the use of full

Llama 4powered Meta has released a standalone AI app with voice interactions, a Discover feed, and integration for smart glasses. With the use of fullduplex speech technology, the software lets users have smooth audio interactions in real time. Users can exchange AIgenerated questions, chatbot responses, and photographs through the Discover feed, which promotes a social AI experience. The program also allows users to switch between devices for talks by integrating with RayBan Meta smart glasses. While Indian users can access textbased interactions, speech functionalities are currently available in Australia, Canada, New Zealand, and the US. This growth highlights Metas efforts to improve accessibility and engagement through AIdriven customer experiences. Read More..

B2B Tech News | 2 months ago