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GLOBAL NEWS

India Secures $7.4 Billion Rafale Marine Deal to Boost Naval Air Power

To purchase 26 Rafale Marine fighter jets for its navy, India and France have reached a $7.4 billion agreement. Under the arrangement, Indias domestic

To purchase 26 Rafale Marine fighter jets for its navy, India and France have reached a $7.4 billion agreement. Under the arrangement, Indias domestic aircraft carrier, the INS Vikrant, will be the base for twentytwo singleseater and four twinseater trainer aircraft. With Chinas increasing influence in the Indian Ocean, this action seeks to improve Indias maritime capabilities and modernise its naval air power by replacing outdated Russian MiG29K fighters. Advanced military systems, including Exocet antiship missiles and Meteor airtoair missiles, are also included in the agreement, as well as extensive maintenance and training assistance. Complete operational deployment is anticipated by 2031, with deliveries starting in 2028. Read More..

B2B Tech News | 4 months ago      

Cadence Design Systems Boosts 2025 Revenue and Profit Forecasts Amid AI Boom

Cadence Design Systems has increased its 2025 revenue and profit projections, indicating strong demand for its semiconductor design software as artifi

Cadence Design Systems has increased its 2025 revenue and profit projections, indicating strong demand for its semiconductor design software as artificial intelligence AI grows. After predicting $5.14 billion and $5.22 billion in sales, the corporation now projects between $5.15 billion and $5.23 billion. The forecasted adjusted profit per share will be between $6.73 and $6.83, which is higher than the previous range of $6.65 to $6.75. Concerns about diminishing revenue from China due to trade tensions have affected investor sentiment despite the companys impressive performance, which included firstquarter revenue of $1.24 billion and adjusted profit of $1.57 per share. Because of its emphasis on R&D expenditures, Cadence is wellpositioned to manage global uncertainty and maintain growth. Read More..

B2B Tech News | 4 months ago      

Piyush Goyal Advances IndiaUK Trade Talks During London Visit

Union Commerce and Industry Minister Piyush Goyal is in London to improve commercial and investment relations between India and the UK. He met with Re

Union Commerce and Industry Minister Piyush Goyal is in London to improve commercial and investment relations between India and the UK. He met with Revolut Chairperson Martin Gilbert to discuss Indias fintech possibilities and with De Beers Group CEO Al Cook to look into gem and jewellery industry opportunities. Goyal also discussed cooperation for mutual success with an Indian business delegation. He also discussed moving the Free Trade Agreement FTA negotiations forward with Jonathan Reynolds, the UK Secretary of State for Business and Trade. Indias dedication to strengthening economic ties with the UK is demonstrated by this visit, which covers important areas like trade agreements, fintech, and jewellery. Read More..

B2B Tech News | 4 months ago      

IBM Pledges $150 Billion to Strengthen U.S. Tech and Quantum Computing

Over the next five years, IBM plans to invest $150 billion in the US, of which more than $30 billion will go towards research and development. By supp

Over the next five years, IBM plans to invest $150 billion in the US, of which more than $30 billion will go towards research and development. By supporting the production of mainframe and quantum computers, this programme seeks to further establish IBM as a pioneer in cuttingedge computing and artificial intelligence. Following similar pledges by firms like Apple and Nvidia, the funding supports initiatives to increase technical innovation and economic growth in the United States. Arvind Krishna, the CEO of IBM, highlighted the companys commitment to American manufacturing and jobs while emphasising its role in propelling worldwide computer breakthroughs. This action demonstrates IBMs dedication to preserving its competitive advantage in the quickly changing technology sector. Read More..

B2B Tech News | 4 months ago      

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 | 4 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 | 4 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 | 4 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 | 4 months ago