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GLOBAL NEWS

Microsoft to Invest €4.3 Billion in AI and Cloud Infrastructure, Establishing Major Data Hub in Northern Italy

Over the next two years, Microsoft intends to invest 4.3 billion euros, or $4.8 billion, to expand its cloud and artificial intelligence infrastructur

Over the next two years, Microsoft intends to invest 4.3 billion euros, or $4.8 billion, to expand its cloud and artificial intelligence infrastructure in northern Italy. As a central data hub for the Mediterranean and North Africa, this investment will position the Italy, North cloud region as one of Microsofts largest data centres in Europe. Microsoft Vice Chair Brad Smith met with Prime Minister Giorgia Meloni in Rome to discuss the effort, which intends to enhance Italys digital role in the area. Microsoft and BlackRock also unveiled a $30 billion fund to invest in AIfocused data centres and supply networks. Various industries like gaming and ecommerce drive the rising need for AI and cloud services. Read More..

B2B Tech News | 2 months ago      

Philippines Introduces 12% VAT on Digital Services to Level the Playing Field for Local Businesses

The Philippines has declared a 12% valueadded tax VAT on digital services from internet behemoths like Amazon, Netflix, Disney, and Alphabet. This law

The Philippines has declared a 12% valueadded tax VAT on digital services from internet behemoths like Amazon, Netflix, Disney, and Alphabet. This law, which President Ferdinand Marcos Jr. signed into effect, attempts to level the playing field for domestic companies who compete with these international companies. Currently, the VAT is solely paid by regional digital service providers. Romeo Lumagui, Commissioner of the Bureau of Internal Revenue, said that the levy will encourage fair competition and result in better customer goods and services. Between 2025 and 2029, the government expects to raise 105 billion pesos $1.9 billion from this tax, of which 5% would be used to promote the creative industries in the Philippines. Notably, services in the public interest and education will remain free from the VAT. Read More..

B2B Tech News | 2 months ago      

OpenAI Secures $6.6 Billion Funding, Valuation Soars to $157 Billion Amid Corporate Restructuring

The business that created ChatGPT, OpenAI, has raised $6.6 billion in investment, which may put the companys valuation at $157 billion and cement its

The business that created ChatGPT, OpenAI, has raised $6.6 billion in investment, which may put the companys valuation at $157 billion and cement its place among the most valuable private companies in the world. Notable venture capitalists like Thrive Capital and Khosla Ventures and significant corporate supporters like Microsoft and Nvidia were drawn to this investment round. The financing was announced amid internal reorganisations and changes in the leadership, including the recent resignation of CTO Mira Murati. After a prior cashout opportunity valued at $86 billion, OpenAI intends to provide staff liquidity through a tender offer for shares. Despite continuous talks about corporate reorganisation, investor interest is still high, with predicted sales climbing from $3.6 billion this year to $11.6 billion next year. Read More..

B2B Tech News | 2 months ago      

WhatsApp Unveils Exciting Video Call Features for GenZ Creative Filters and Backgrounds!

With new features designed with GenZ and millennials in mind, Metas WhatsApp has improved video calling with customisable backgrounds and filters. Use

With new features designed with GenZ and millennials in mind, Metas WhatsApp has improved video calling with customisable backgrounds and filters. Users may now select from ten artistic filters, including Warm, Cool, Black & White, and Dreamy, to give their calls flair. Ten more background choices, such as a beach or a cosy cafe, enable users to preserve their privacy while giving their video conversations a more professional appearance. For better picture quality, the update now adds touchup and lowlight filters. Initiate a video call, hit the effect icon, and choose your preferred settings to utilise these capabilities. For users running the most recent version of WhatsApp, the update is accessible on both iOS and Android devices Read More..

B2B Tech News | 2 months ago      

Google Enhances Gmail with Smart Summary Cards for Events, Travel, and More

To make it simpler to locate crucial information in emails, Google is improving the Summary Cards function in Gmail. These cards will now feature othe

To make it simpler to locate crucial information in emails, Google is improving the Summary Cards function in Gmail. These cards will now feature other topics, such as events, travel, and bills, in addition to shipping instructions. The feature will add action buttons to emails, such as adding events to your calendar or setting bill reminders, and highlight important information at the top of emails. A brandnew "Happening soon" section will also display pertinent transaction information, such as delivery tracking. The goal of this upgrade is to streamline user activities by making managing emails with lots of information easier. On iOS and Android, the new capabilities are gradually becoming available for both personal and professional accounts. Read More..

B2B Tech News | 2 months ago      

NetApp Strengthens Cybersecurity with ONTAP Autonomous Ransomware Protection and AI Advancements

NetApp has added additional capabilities to its range of cyber resilience solutions to improve client security. With 99% accuracy, its NetApp ONTAP®

NetApp has added additional capabilities to its range of cyber resilience solutions to improve client security. With 99% accuracy, its NetApp ONTAP® Autonomous Ransomware Protection with AI ARP/AI solution is generally available, allowing for fast recovery through automatic snapshots during assaults and realtime threat identification. To protect against new ransomware variations, ARP/AIs machine learning capabilities are upgraded regularly. After testing and receiving a AAA grade from SE Labs, ARP/AI proved to be an excellent threat detection system with no false positives. NetApp recently enhanced its BlueXP ransomware prevention solution to improve security even further, combining it with Splunk SIEM and adding AIdriven data categorisation and User and Entity Behaviour Analytics UEBA. These developments reaffirm NetApps dedication to providing the safest storage solutions available. Read More..

B2B Tech News | 2 months ago      

SISL Infotech Earns Microsoft Specialization for Infrastructure and Database Migration

Under the Azure Migrate and Modernise PartnerLed Program AMMP, SISL Infotech has been acknowledged as a Microsoft Specialised Partner for Infrastructu

Under the Azure Migrate and Modernise PartnerLed Program AMMP, SISL Infotech has been acknowledged as a Microsoft Specialised Partner for Infrastructure and Database Migration. SISLs proficiency in cloud migration, application modernisation, and digital transformation across sectors is emphasised by this specialisation. Smooth and safe transfers to Microsoft Azure are guaranteed by SISL, which has qualified personnel and a proven track record under challenging migrations. Clients may use the newest Azure capabilities through their partnership with Microsoft, improving scalability, performance, and economy. This accomplishment demonstrates how SISL can support businesses in streamlining their cloud strategy and maintaining their competitiveness in a digital environment that is changing quickly. Read More..

B2B Tech News | 2 months ago      

MITFounded Liquid AI Launches Revolutionary Liquid Foundation Models, Breaking Away from GPT

The Liquid Foundation Models LFM, the first generative AI models from Massachusettsbased firm Liquid AI, deviate from the conventional transformer des

The Liquid Foundation Models LFM, the first generative AI models from Massachusettsbased firm Liquid AI, deviate from the conventional transformer design found in models like GPT. MIT researchers founded Liquid AI in 2023, asserting that their firstprinciples models outperform huge language models of comparable scale. The 1.3B, 3.1B, and 40.3B Mixture of Experts MoE versions of the LFMs are designed to work with hardware platforms such as Apple, AMD, and Nvidia. Redesigned "Liquid system" for efficient knowledge capacity and reasoning with lower memory costs during inference is one of the key advancements. The actual effects of this new AI architecture will become more apparent as usage increases. Read More..

B2B Tech News | 2 months ago