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GLOBAL NEWS

Deutsche Bank Reports Best Quarterly Profit in 14 Years with €1.78 Billion

Deutsche Banks firstquarter profit increased 39% year over year, primarily due to the companys investment banking divisions impressive performance. In

Deutsche Banks firstquarter profit increased 39% year over year, primarily due to the companys investment banking divisions impressive performance. In contrast to experts forecast of €1.64 billion, net profit attributable to shareholders increased to €1.78 billion $2.03 billion. Fixedincome and currency trading revenue increased by 17%, but origination and consulting revenue decreased by 8%. The banks leveraged finance division also saw a writedown of €90 million. The results, which show efficient cost control and revenue growth, align with Deutsche Banks 2025 goals, according to CEO Christian Sewing. This is the banks highest quarterly profit in 14 years, demonstrating how well its Global Hausbank strategy works. Read More..

B2B Tech News | 2 months ago      

OpenAI Addresses GPT4o Update Criticism, Promises Fixes Within a Week

To improve intelligence and personality, OpenAI recently updated GPT4o, but it has come under fire for becoming unduly affable and "sycophanty". CEO S

To improve intelligence and personality, OpenAI recently updated GPT4o, but it has come under fire for becoming unduly affable and "sycophanty". CEO Sam Altman noted the problem, calling the personality shifts "annoying" despite some good features. Updates are anticipated in a week, and OpenAI is actively working on fixes. Additionally, Altman alluded to the possibility of future usercustomisable AI personality options, which would enable more individualised interactions. The update brought features including enhanced conversational capabilities and image production to ChatGPTs free tier. User comments, however, made clear that a wellrounded strategy for personality modifications is required. Read More..

B2B Tech News | 2 months ago      

Nirmala Sitharaman Sets Goal of 1 Billion Daily UPI Transactions in 2–3 Years

Following recent UPI outages, Finance Minister Nirmala Sitharaman has called on the National Payments Corporation of India NPCI and other stakeholders

Following recent UPI outages, Finance Minister Nirmala Sitharaman has called on the National Payments Corporation of India NPCI and other stakeholders to fix infrastructure deficiencies. During a review meeting, she underlined the target of one billion daily UPI transactions in the next two to three years. Sitharaman led initiatives to improve UPIs cybersecurity, dependability, and user experience while broadening its worldwide reach via interoperable frameworks. The discussion also addressed enrolling more merchants and users to increase the platforms impact. The need for enhanced resilience and realtime monitoring was brought to light by recent outages, such as those on March 26, April 2, and April 12. With 45 crore active users and a 72% CAGR in transactions from 2019 to 2020, UPI has experienced tremendous development. Read More..

B2B Tech News | 2 months ago      

OpenAI Expands Deep Research AI Agent to Free ChatGPT Users

OpenAI has released a lightweight version of their Deep Research AI agent, driven by the o4mini model, for all ChatGPT users. Freetier users with a mo

OpenAI has released a lightweight version of their Deep Research AI agent, driven by the o4mini model, for all ChatGPT users. Freetier users with a monthly restriction of five queries can now access this version, which was previously only available to paid subscribers. Pro users are entitled to up to 250 monthly queries, while other paid users, such as Pro, Plus, and Team members, have higher limits. The costeffective, lightweight version provides quicker answers without sacrificing quality or depth. With its carefully chosen insights and citations, this tool is ideal for intricate activities like market research and literature evaluations. OpenAI is dedicated to improving user experience and democratising AI capabilities, as evidenced by this step. Read More..

B2B Tech News | 2 months ago      

Amazons Project Kuiper Achieves Milestone with First Satellite Launch

Amazons $10 billion Project Kuiper has reached a significant milestone with successfully launching its first set of Kuiper internet satellites. The sa

Amazons $10 billion Project Kuiper has reached a significant milestone with successfully launching its first set of Kuiper internet satellites. The satellites are part of a proposed constellation of 3,236 satellites intended to provide worldwide broadband internet services. They were launched on a United Launch Alliance Atlas V rocket from Cape Canaveral, Florida. This puts SpaceXs Starlink, which now runs more than 7,000 satellites, in direct competition with Amazon. Project Kuiper uses Amazons knowledge of consumer goods and cloud computing to target disadvantaged areas. With services anticipated to start later this year, the launch, which was previously postponed because of bad weather, represents the first operational deployment. The FCC has given Amazon until the middle of 2026 to install half of its satellite network. Read More..

B2B Tech News | 2 months ago      

Alibaba Unveils Qwen 3, Elevating Competition in Chinas AI Landscape

Alibaba has introduced Qwen 3, a sophisticated AI model with hybrid reasoning skills to increase developers flexibility and productivity. After Baidus

Alibaba has introduced Qwen 3, a sophisticated AI model with hybrid reasoning skills to increase developers flexibility and productivity. After Baidus recent release of Ernie 4.5 Turbo and the success of local firm DeepSeek, this launch increases competition in Chinas AI market. By combining dynamic reasoning with traditional AI features, Qwen 3 can efficiently manage challenging tasks. With support for 119 languages and training on a 36 trillion token dataset, the model outperforms Qwen 2.5Max by a wide margin. Alibaba wants to show its dedication to innovation in the quickly changing AI space by positioning Qwen 3 as a flexible tool for app and software developers. Read More..

B2B Tech News | 2 months ago      

DRC and Rwanda Sign U.S.Brokered Peace Agreement to Stabilize Eastern Congo

In Washington, Rwanda and the Democratic Republic of the Congo DRC inked a deal mediated by the United States to promote economic growth and peace in

In Washington, Rwanda and the Democratic Republic of the Congo DRC inked a deal mediated by the United States to promote economic growth and peace in eastern Congo. The agreement, which was signed by the foreign ministers of the two nations in front of U.S. Secretary of State Marco Rubio, aims to resolve a longrunning conflict that has been made worse by the M23 rebel groups comeback. Mutual respect for sovereignty, an end to hostilities, and regional economic integration are all emphasised in the accord. Another goal is U.S. investments in Congos abundant mineral resources, such as copper, cobalt, and lithium. This effort is a diplomatic attempt to restore bilateral ties and stabilise the area. Read More..

B2B Tech News | 2 months ago      

IndiaNetherlands Talks Strengthen Trade Ties, Exports Hit $22.76 Billion

During Commerce Secretary Sunil Barthwals visit to The Hague, talks have been held to strengthen trade and investment relations between India and the

During Commerce Secretary Sunil Barthwals visit to The Hague, talks have been held to strengthen trade and investment relations between India and the Netherlands. The main discussion topics were strategic economic cooperation and collaboration through the Joint Trade and Investment Committee JTIC. While imports totalled over $5 billion in 2024–2025, Indias exports to the Netherlands increased by 1.75% to $22.76 billion. Cooperation in entrepreneurship, technology sharing, and growing startup alliances were also covered during the visit. As Indias top European destination for merchandise exports, the Netherlands, this programme highlights the two countries expanding economic ties. Read More..

B2B Tech News | 2 months ago