Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

GLOBAL NEWS

Israel to Launch Tender for First Supercomputer, Boosting AI Leadership

Dror Bin, CEO of the Israel Innovation Authority, said that to keep up its worldwide leadership in AI technology, Israel will hold a tender to build t

Dror Bin, CEO of the Israel Innovation Authority, said that to keep up its worldwide leadership in AI technology, Israel will hold a tender to build the nations first supercomputer next month. During an AI conference, Bin stressed that although AI has helped Israels IT industry, there may be obstacles due to its rapid development. The government has set up $250 million for a nationwide AI programme, of which 60% is expected to be implemented in 2024 and finished by 2027, maybe with additional financing. Israel, a wellknown innovation centre, is ranked third in the world for generative AI enterprises and has over 2,200 startups using AI. The supercomputer will be more affordable for businesses and researchers, enabling AI model training locally and decreasing the need for cloud services. Read More..

B2B Tech News | 2 months ago      

Evolve Bank and Trust Confirms Cybersecurity Breach, Customer Data Leaked on Dark Web

The leak of client data onto the dark web is the consequence of a cybersecurity issue that Evolve Bank and Trust have verified. Law enforcement organi

The leak of client data onto the dark web is the consequence of a cybersecurity issue that Evolve Bank and Trust have verified. Law enforcement organisations and the lender with headquarters in Arkansas are working together to look into and address the matter. Free identity theft protection and credit monitoring services, along with clear instructions, will be given to impacted clients. To improve risk management regarding fintech collaborations and antimoney laundering rules, Evolve was given a direction by the U.S. Federal Reserve. When their demands for a ransom were not satisfied, the cybercrime gang Lockbit 3.0 threatened to disclose critical data. Mercurys fintech business notified customers impacted by preventive steps and reported that some account details and deposit amounts were hacked. Read More..

B2B Tech News | 2 months ago      

Equinix Announces $65 Million Investment in First Chennai Data Center, CN1

To help India reach its objective of having a $1 trillion digital economy by 2027–2028, Equinix, Inc. announced the opening of its first Internation

To help India reach its objective of having a $1 trillion digital economy by 2027–2028, Equinix, Inc. announced the opening of its first International Business Exchange IBX data centre, CN1, in Chennai. Covering about 6 acres in Siruseri, CN1, which will connect to Equinixs current data centres in Mumbai, is anticipated to launch in Q4 2024 with an initial expenditure of $65 million. With dualcity redundancy for increased resilience, Equinix CN1 will support Chennais digital sector by acting as a centre for startups, companies, networks, and cloud service providers. With a focus on carbon neutrality by 2030, Equinix expects all its facilities to be powered exclusively by renewable energy. Read More..

B2B Tech News | 2 months ago      

Vi Teams Up with Samsung for Advanced vRAN Solutions in India

For 4G and 5G deployments, Samsung and leading telecom operator Vi have been actively working together on virtualized Radio Access Network vRAN techno

For 4G and 5G deployments, Samsung and leading telecom operator Vi have been actively working together on virtualized Radio Access Network vRAN technologies. After conducting network experiments in Chennai, India, throughout the last 12 to 18 months, they expanded deployments to the Karnataka and Bihar circles in response to favourable results, fulfilling the 5G Minimum Rollout Obligation MRO standards. Conventional and vRAN technologies will be used through this collaboration to improve Vis network performance and user experience and with a focus on Samsungs vRANs adaptability, scalability, and resource efficiency—which enable a broad range of spectrums and technologies—Jagbir Singh Chief Technical Officer at Vi, emphasized the deployments significance in their technological transformation and vendor ecosystem 5G, 4G, and 2G. Read More..

B2B Tech News | 2 months ago      

Volkswagen’s $5 Billion Bet on Rivian Signals EV Expansion

The $5 billion investment of Volkswagen Group in Rivian, which will create an evenly owned joint venture, highlights a significant change in the elect

The $5 billion investment of Volkswagen Group in Rivian, which will create an evenly owned joint venture, highlights a significant change in the electric vehicle EV market. Through this partnership, Volkswagen can use Rivians cuttingedge EV architecture and software to improve its competitiveness in EVs and resolve continuing software issues inside its Cariad subsidiary. In particular, the investment would enable Rivian to expedite the development of its future R2 SUVs, which are intended to be more widely accessible by early 2026. Through expected supply chain volumes and technological integration, the alliance is anticipated to provide operational efficiencies that will enable both businesses to manage the difficulties of the changing automotive industry and advance sustainable mobility solutions on a global scale. Read More..

B2B Tech News | 2 months ago      

Australia’s Reserve Bank Eyes Further Tightening Despite Household Strain

The Reserve Bank of Australia recognised the present tight monetary policy stance. It emphasised that additional tightening is still an option to redu

The Reserve Bank of Australia recognised the present tight monetary policy stance. It emphasised that additional tightening is still an option to reduce inflation, even though it acknowledges the financial hardship of high interest rates on consumers. Assistant Governor Christopher Kent emphasised that although the current cash rate of 4.35% has put many people in financial difficulty due to higher mortgage payments, it has also moderated demand growth and contributed to lower inflation. Despite inflation rising over its target range, the RBA has recently held off on raising interest rates, indicating a cautious stance in the face of conflicting economic data. Reiterating that the central bank is prepared to address inflation threats, Kent emphasised that future rate changes are subject to change while keeping a close eye on economic trends. Read More..

B2B Tech News | 2 months ago      

Singapore Port Congestion Peaks as Global Shipping Routes Adjust

The longterm vessel rerouting caused by Red Sea assaults, compounding the backlog at Singapores container port, underscores severe delays in internati

The longterm vessel rerouting caused by Red Sea assaults, compounding the backlog at Singapores container port, underscores severe delays in international maritime transportation. Ships that avoid the Red Sea dump more cargo in transhipment centres like Singapore, which leads to extreme traffic jams and delays. Backlogs are occurring in ports throughout Asia and Europe wait times are dramatically rising in essential hubs such as Port Klang, Tanjung Pelepas in Malaysia and Shanghai and Qingdao in China. Due to the congestion, container costs are rising, and there are logistical issues as businesses get ready for the yearend shopping season. The issue highlights persistent areas for improvement in global supply networks and the possibility of more price increases impacting consumers globally despite attempts to reduce congestion by enlarging port facilities. Read More..

B2B Tech News | 2 months ago      

Nvidia Bounces Back Shares Rise 7% Following Recent Market Volatility

Tuesday saw an almost 7% increase in Nvidia shares, reversing a threesession slump that had erased approximately $430 billion from the market capitali

Tuesday saw an almost 7% increase in Nvidia shares, reversing a threesession slump that had erased approximately $430 billion from the market capitalization of the AI chipmaker. The shares split 10for1 on June 10 and ended at $126.09, recovering from a 13% decline on June 18. Tom Hayes from Great Hill Capital explained the increase as a technical recovery following significant losses. With its shares up 154% this year, Nvidia is a major player in the techdriven stock market boom thanks to its status as the top supplier of AI chips. Despite recent worries over valuation, Nvidias market capitalization is still close to $3.1 trillion. With call options outpacing puts and individual investors purchasing the drop, investor sentiment is still optimistic. Read More..

B2B Tech News | 2 months ago