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GLOBAL NEWS

Apollo Global Acquires 49% Stake in Intel’s $11 Billion Irish Facility

In Leixlip, Ireland, Apollo Global Management will purchase a 49% ownership stake in Intels planned $11 billion manufacturing facility. The agreement,

In Leixlip, Ireland, Apollo Global Management will purchase a 49% ownership stake in Intels planned $11 billion manufacturing facility. The agreement, anticipated to finalise in Q2, enables Intel to reallocate its investment. With an initial investment of $18.4 billion, Intel is building the plant, which will be the first to use its cuttingedge EUV lithography technology. While Intel maintains ownership and management, the joint venture allows chip fabrication to occur at the location. This action is consistent with Intels plan to use funds and subsidies from the European Commission. According to CFO David Zinsner, the transactions favourable conditions give Intel financial flexibility as it manages the sluggish demand for conventional processors in the face of a rising market for AI components. Read More..

B2B Tech News | 1 months ago      

TSMC Weighs Moving Chip Plants Amid China Tensions, But 8090% Remains in Taiwan

Taiwanese chipmaker TSMC has held talks with some customers about moving its chip plants off the island due to rising tensions with China. However, TS

Taiwanese chipmaker TSMC has held talks with some customers about moving its chip plants off the island due to rising tensions with China. However, TSMC Chairman C.C. Wei stated that it would be impossible to move chip factories out of the island, as 8090% of its production capacity is in Taiwan. The company is grappling with orders for highend chips offering generative artificial intelligence tools and services. TSMC has also had discussions with ChatGPT creator OpenAI over AI chip supplies, which the Taiwanese firm considered "too aggressive". Last year, TSMC and Altman discussed a potential partnership to build around three dozen factories to acquire enough silicon to meet their growing need. Despite the tensions in China, the topic of a possible war and its impact on chip supply chains has barely been featured at the annual Computex technology trade show in Taipei. Read More..

B2B Tech News | 1 months ago      

Atos Nearing Decision on Shareholder Dilution Kretinsky, Layani Proposals Compete

As it evaluates two rescue bids, backed by Czech billionaire Daniel Kretinsky and significant shareholder David Layani, French IT company Atos risks m

As it evaluates two rescue bids, backed by Czech billionaire Daniel Kretinsky and significant shareholder David Layani, French IT company Atos risks massive shareholder dilution. The beleaguered business, whose stock has plummeted, intends to decide by Wednesday. The disclosure of both plans in May is expected to result in a significant dilution of current shareholders. To complete the restructuring agreement by July, Atos is collaborating with financial creditors to get approval for one of the agreements by June 5. The two surviving agreements come after a string of fruitless takeover talks, including with the French government and Airbus. In April, the government indicated its interest in purchasing a portion of Atos company. The government may bid nonbinding in early June, although Atos stated that due diligence is still in progress. Read More..

B2B Tech News | 1 months ago      

China Takes Active Role in Zambias Debt Restructuring Mao Ning

A spokesman for the Chinese Foreign Ministry, Mao Ning, said that China is keeping an eye on the discussions about Zambias debt restructuring and will

A spokesman for the Chinese Foreign Ministry, Mao Ning, said that China is keeping an eye on the discussions about Zambias debt restructuring and will assist the nation in resolving pertinent matters. Mao emphasised that China was the first recognised foreign creditor to relieve Zambia of its debt and was playing a significant role in the matter. To support Zambia and other African nations in achieving more significant economic and social advancement, she urged the international community to collaborate with China and take decisive action. Despite an agreement with bilateral lenders last year covering over $6 billion, Zambia still owes around $7 billion on debt that needs to be resolved. The countrys quest for debt relief has been long and exhausting, with a deal with bondholders to restructure about $3 billion of debt rejected by official creditors last October. Read More..

B2B Tech News | 1 months ago      

Deutsche Bank and Bitpanda Forge Partnership to Simplify Crypto Transactions

Deutsche Bank has teamed up with Bitpanda, an Austrian exchange, to make it easier for customers to deposit and withdraw cryptocurrency. This partners

Deutsche Bank has teamed up with Bitpanda, an Austrian exchange, to make it easier for customers to deposit and withdraw cryptocurrency. This partnership is a big step forward for the cryptocurrency sector, which has needed help finding banking partners. Deutsche Banks local bank account numbers will help Bitpanda customers in Germany by expediting fiat currency transfers. Regulators worries about merging cryptocurrency markets with traditional finance have kept Deutsche Bank from being careful, placing a strong emphasis on risk management and compliance. With this collaboration, Deutsche Bank further solidifies its position as a top bank in this developing industry by demonstrating its dedication to assisting highpotential platforms in virtual asset investing. Read More..

B2B Tech News | 1 months ago      

Trend Micro Launches Trend Vision One – Sovereign and Private Cloud Solution with NVIDIA Technology

Trend Micro Incorporated is introducing Trend Vision OneTM Sovereign and Private Cloud SPC. This stateoftheart data centre solution uses NVIDIA techn

Trend Micro Incorporated is introducing Trend Vision OneTM Sovereign and Private Cloud SPC. This stateoftheart data centre solution uses NVIDIA technology for improved security. The approach speeds up the implementation of generative AI in various settings, including sovereign private clouds, by integrating with NVIDIA NIM, an NVIDIA AI Enterprise software platform component. By addressing the changing requirements of public and private sector entities, this innovation helps them use AIs potential while upholding security and legal requirements. Trends solution guarantees effective threat detection and response capabilities without sacrificing speed by utilising NVIDIA NIM optimised AI inferencing microservices, which makes it perfect for contemporary data centres Read More..

B2B Tech News | 1 months ago      

Microsoft Faces Privacy Complaints Over 365 Education Suite in Austria

Regarding Microsofts 365 Education package, privacy advocacy organisation NOYB filed two complaints against the company with the Austrian privacy auth

Regarding Microsofts 365 Education package, privacy advocacy organisation NOYB filed two complaints against the company with the Austrian privacy authorities. According to the first complaint, Microsoft unfairly assigns schools that lack the requisite data monitoring skills to their GDPR data controller duties. According to NOYB, this structure needs to be more practical and absolve parties of responsibility for childrens data. The second grievance relates to Microsofts alleged usage of cookies in 365 Education, which follows users without regard to age and may impact hundreds of thousands of students in the EU and EEA. Because of these purported GDPR infractions, NOYB has demanded that Microsoft face an inquiry and penalties. Read More..

B2B Tech News | 1 months ago      

Gathr Data Partners with Databricks to Unify Data, Analytics, and AI

To bring data, analytics, and AI together, Gathr Data has teamed up with Databricks. Customers of Gathr may now take advantage of Databricks strong da

To bring data, analytics, and AI together, Gathr Data has teamed up with Databricks. Customers of Gathr may now take advantage of Databricks strong data governance and highperformance computing capabilities thanks to this partnership. Managing ETL applications and clusters, feeding highquality data into Databricks Delta Lake, designing interactive pipelines with the Databricks engine, and integrating with Databricks Unity Catalogue to enhance data governance and accessibility are some of the key features. Furthermore, the cooperation delivers GathrIQ Copilot, which provides natural language support in data engineering and analytics and combines the flexibility of PySpark with Gathrs nocode ETL capabilities. This strategic partnership aims to increase output, optimise processes, and help businesses realise the total value of their data assets. Read More..

B2B Tech News | 1 months ago