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GLOBAL NEWS

Ericsson India Launches 5G Standalone Network Toolkit to Boost Premium Services

A software toolset designed to improve 5G standalone networks and provide differentiated connectivity and premium services has been launched by Ericss

A software toolset designed to improve 5G standalone networks and provide differentiated connectivity and premium services has been launched by Ericsson India. This toolset meets the increasing need for highperformance applications such as live streaming, video conferencing, mobile cloud gaming, and following XR technologies. Nitin Bansal, Managing Director of Ericsson India, emphasised the tremendous potential that 5G presents for operators. The toolkit aims to provide highperformance, ondemand network connection, which aligns with Ericssons platform concept for networks. Through collaborations with leading technical institutes and expanded R&D activities, Ericsson is driving innovation. AI and computing technologies are the focus of collaborations with IIT Kharagpur, the Indian Statistical Institute, and IIT Madras. The goal is to produce reliable AI models for future AInative 6G networks and promote sustainable and verifiable cyberphysical systems. Read More..

B2B Tech News | 2 months ago      

Xpeng Surges on Robust Revenue from Volkswagen Partnership, SelfDriving Tech Progress

Propelled by solid revenue growth from research and development services offered to Volkswagen and hopeful statements on its selfdriving technology br

Propelled by solid revenue growth from research and development services offered to Volkswagen and hopeful statements on its selfdriving technology breakthrough, shares of Chinese electric car maker Xpeng soared on Wednesday. In the first quarter, Xpengs income from services almost quadrupled to 1 billion yuan $138 million, primarily due to the companys extended relationship with Volkswagen to develop electric vehicle design. With the increase in service revenue, Xpengs gross margin increased to 12.9%, which was a notable gain over the prior year. Xpeng, showcasing its expertise in intelligent electric vehicles, plans to attain "level four" autonomous driving competence by the end of the following year. Still, it recognises that hardware improvements and regulatory compliance are necessary. The good news continued to pour in as the companys shares shot up 13% in afternoon trade. Read More..

B2B Tech News | 2 months ago      

G7 Finance Chiefs Eye Russian Assets to Aid Ukraine, Tackle Chinas Export Dominance

Chinas increasing export dominance and use of blocked Russian assets to support Ukraines war effort are the main concerns at Italys G7 finance chiefs

Chinas increasing export dominance and use of blocked Russian assets to support Ukraines war effort are the main concerns at Italys G7 finance chiefs meeting. Discussions centre on unblocking around $300 billion in Russian assets, with the United States suggesting a loan to Ukraine secured by the future earnings from these holdings. Though specific agreements are doubtful, talks will develop a plan to be presented to the G7 chiefs of state in June. Difficulties arise from administrative technicalities and legal complications. On the agenda are trade tensions with China, which have been made worse by recent tariff rises by the United States. The economic impact of AI, international taxes, sanctions against Russia, and a planned wealth tax on billionaires that would face opposition from the US are among other subjects. Read More..

B2B Tech News | 2 months ago      

Eskom Delays Closure of Coal Plants Amid South Africas Energy Crisis

The national electricity company in South Africa, Eskom, has delayed closing several coalfired power stations until 2030. These plants include Camden,

The national electricity company in South Africa, Eskom, has delayed closing several coalfired power stations until 2030. These plants include Camden, Krootflei, and Hendrina. This decision comes during the nations acute electrical crisis, which resulted in daily power outages of up to almost 10 hours last year, severely damaging the economy. Initially, the individual was scheduled to retire between 2023 and 2027. With the debate surrounding the planned Just Energy Transition Partnership JetP finance model, South Africas energy transition strategy has come under examination. Furthermore, there has been opposition to the Komati power plants retirement in Mpumalanga in October 2022 since plans are in place to convert it into a wind and solar power facility. Read More..

B2B Tech News | 2 months ago      

ThinKuvate Launches Rs 100 Crore Fund for Indian Tech Startups

With a corpus of Rs 100 crore, ThinKuvate India Fund I, the first Indiafocused fund from Singaporebased angel investing network ThinKuvate, is set to

With a corpus of Rs 100 crore, ThinKuvate India Fund I, the first Indiafocused fund from Singaporebased angel investing network ThinKuvate, is set to start. The fund, which targets innovative firms in various areas, seeks to invest up to Rs 3 crore in each business for 12–15 investments every year. Investor roadshows will begin in Nagpur, Raipur, Bangalore, and Chennai to reach burgeoning startup hotspots. After obtaining Sebis permission, ThinKuvate anticipates closing its first deal this quarter. The fund, run by Nagpur University alums, is well known for its excellent transaction finding and mentoring. With past exits and followon rounds, ThinKuvate hopes to use its worldwide VC standards and vast expertise to support the growth of Indian entrepreneurs. Read More..

B2B Tech News | 2 months ago      

Robinhood Cuts Margin Loan Rates to Drive Retail Investor Participation

Robinhood is lowering the interest rates on its margin loans to encourage more consumers to use this borrowing option against their stocks. This actio

Robinhood is lowering the interest rates on its margin loans to encourage more consumers to use this borrowing option against their stocks. This action is consistent with the businesss overarching plan to develop into a fullservice brokerage platform that meets the demands of individual investors. Robinhood wants to attract investors who have participated in social media campaigns opposing Wall Street by lowering interest rates. With prices that have been reduced and now range from 5.70% to 6.75%, margin loans are now more affordable and accessible than they were with other brokers, such as Charles Schwab. To increase consumer interaction and broaden its range of products, Robinhood also keeps adding new services like credit cards and retirement accounts. Read More..

B2B Tech News | 2 months ago      

Microsoft Unveils New AI APIs at Developer Conference for Seamless Integration

Microsoft unveiled new APIs at a developer conference in Seattle, stepping up its attempts to incorporate AI technology into Windows software. The pur

Microsoft unveiled new APIs at a developer conference in Seattle, stepping up its attempts to incorporate AI technology into Windows software. The purpose of these APIs is to make it easier for developers to take advantage of Microsofts AI capabilities. CEO Satya Nadella emphasised the need for developers to use these tools to make meaningful improvements. The business highlighted improvements to its Copilot AI programme, designed for use with email and Teams, among other productivity apps. Meanwhile, AMD AI processors will soon be available to Microsoft cloud computing users, putting them in direct competition with Nvidia. The business also emphasised how its collaboration with OpenAI lowers the cost of GPT4o for developers. Microsoft also unveiled Copilot+, a line of AIenabled personal PCs. Read More..

B2B Tech News | 2 months ago      

Adobe Launches AIPowered Generative Remove in Lightroom for Seamless Editing

Adobe has enhanced picture editing with AIpowered features from Adobe Firefly with the release of Generative Remove in Lightroom. Using only one click

Adobe has enhanced picture editing with AIpowered features from Adobe Firefly with the release of Generative Remove in Lightroom. Using only one click, users may realistically and eliminate highquality undesired things using this programme, which doesnt do any damage. It is available as an early access feature. It helps amateur and professional photographers by providing more control and expediting workflows. Furthermore, Lightrooms AIpowered Lens Blur tool is now widely accessible and offers additional presets for aesthetically pleasing blur effects. "Were excited to bring Fireflys capabilities to Lightroom users, empowering creativity and efficiency." Adobe uses Content Credentials to ensure content authenticity as part of its commitment to transparency in using AI. Read More..

B2B Tech News | 2 months ago