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GLOBAL NEWS

Meta Platforms in Talks to Acquire 5% Stake in EssilorLuxottica for $4.73 Billion

Meta Platforms is in talks to buy around 5% of its partner, EssilorLuxottica, which makes RayBan smart glasses. With a potential value of €4.33 bill

Meta Platforms is in talks to buy around 5% of its partner, EssilorLuxottica, which makes RayBan smart glasses. With a potential value of €4.33 billion $4.73 billion, the investment would increase Metas control over the advancement of intelligent eyewear. This action coincides with significant investments in augmented and mixed reality technology by tech behemoths like Apple. Following the announcement, shares of Meta increased 1.2%, while EssilorLuxottica increased 3%. Almost thirtythree per cent of the firm is owned by Delfin, the leading investor, founded in 2018 when Essilor and Luxottica merged. The CEO of EssilorLuxottica stated that sales of the most recent RayBan Meta smart glasses, which have live streaming and a Meta AI assistant, had been good. Read More..

B2B Tech News | 5 days ago      

Saudi Airline Saudia Orders Up to 100 Lilium eVTOL Jets in $700 Million Deal

With the commitment to buy up to 100 of the German company Liliums allelectric flying shuttles, Saudi airline Saudia Group has placed the most signifi

With the commitment to buy up to 100 of the German company Liliums allelectric flying shuttles, Saudi airline Saudia Group has placed the most significant order the German air taxi developer has ever received. A definitive order for fifty eVTOL planes and an option for an extra fifty, worth around $700 million, is included in the contract. The shortdistance shuttles are anticipated to be added to Saudi Arabias fleet in 2026 and would be utilised for pilgrimage and essential occasions. Although the first humancrewed flight has been delayed until early in the upcoming year, Lilium has 106 solid orders, 76 options, and over 600 memorandums of understanding. Saudias "Vision 2030" calls for the airline to treble its yearly passenger count by 2030. Read More..

B2B Tech News | 5 days ago      

Brazil Maintains 2024 Growth Forecast at 2.5% Despite Flooding Challenges

Notwithstanding significant floods in Rio Grande do Sul, the Brazilian government has maintained its forecast for economic growth in 2024 at 2.5 per c

Notwithstanding significant floods in Rio Grande do Sul, the Brazilian government has maintained its forecast for economic growth in 2024 at 2.5 per cent, crediting stability to policies that assist households and companies. However, because of weaker actual and higher gasoline costs, the inflation projection has been revised from 3.7% to 3.9%, which is a further departure from the 3% objective. This year, the reals decline vs. the US dollar exceeded 13%. Growth is anticipated to drop to 2.6% in 2025 from 2.8%, while inflation is predicted to rise to 3.3% in 2025 from 3.2%. Because of the high cost of borrowing, growth has slowed. The central bank has kept interest rates at 10.5% in light of global uncertainty. Read More..

B2B Tech News | 5 days ago      

Paraguay to Enhance AntiDrug Efforts with Embraer Super Tucano A29 Fighter Purchase

On Thursday, Defence Minister Oscar Gonzalez said that Paraguay is in talks with Brazil to buy six Embraer Super Tucano A29 fighter jets for $96 milli

On Thursday, Defence Minister Oscar Gonzalez said that Paraguay is in talks with Brazil to buy six Embraer Super Tucano A29 fighter jets for $96 million to strengthen its efforts against drug trafficking. This agreement is a component of the Paraguayan governments more significant $500 million defence and security strategy. Gonzalez stated that he hoped to complete the agreement within the year and that it would assist in addressing "new threats" posed by organised crime and drug trafficking. Congress must provide its permission even though the administration has issued an order approving the purchase without holding a public tender. Uruguay recently disclosed that it is in negotiations to purchase six Embraer combat aircraft to bolster its military capabilities. Read More..

B2B Tech News | 5 days ago      

AIEnhanced Commentary Google Teams Up with NBCUniversal for Paris Olympics

In an announcement made on Thursday alongside NBCUniversal and the U.S. Olympic and Paralympic Committee, Alphabets Google will include artificial int

In an announcement made on Thursday alongside NBCUniversal and the U.S. Olympic and Paralympic Committee, Alphabets Google will include artificial intelligence AI into the U.S. coverage of the Paris Olympics, allowing commentators to use AI to explain games. Google will be Team USAs official search artificial intelligence partner, the sports nonprofits first. The broadcast rights holder, NBCUniversal, is updating its programming to cater to viewers who would rather watch web content than live shows. The media business intends to leverage Google Searchs AI to deliver answers during the live broadcasts and give personalised AIgenerated daily summaries. Comedian Leslie Jones will use Googles Gemini AI model to improve her comments. Read More..

B2B Tech News | 5 days ago      

OpenAI in Talks with Broadcom and Others to Develop New AI Chip Amid GPU Shortage

According to the information, OpenAI is discussing creating a new AI processor with semiconductor makers, including Broadcom. The lack of costly graph

According to the information, OpenAI is discussing creating a new AI processor with semiconductor makers, including Broadcom. The lack of costly graphics processing units required to build AI models such as ChatGPT, GPT4, and DALLE3 is the driving force behind this decision. To solve this problem, OpenAI has started employing former Google engineers who worked on the tensor processing unit and are considering creating their own AI processors. Furthermore, OpenAI intends to create an AI server chip. According to a Bloomberg story earlier this year, Sam Altman, the CEO of OpenAI, wants to seek money to build semiconductor production facilities with possible partners, including Intel, TSMC, and Samsung. Read More..

B2B Tech News | 5 days ago      

Microsoft Outage on July 19 Affects Frontier Communications and Other Clients

The major Microsoft outage on July 19, 2024, caused operational issues for Frontier Communications. This outage demonstrated how reliant on Microsofts

The major Microsoft outage on July 19, 2024, caused operational issues for Frontier Communications. This outage demonstrated how reliant on Microsofts technological infrastructure businesses are by affecting many of the companys clients, including Frontier. The interruption affected Frontiers ability to provide services, demonstrating the extensive effects that a single outage may have on several industries. Microsoft is making every effort to get back to business as usual for all impacted customers, having recognised the problem. The interruption emphasises how crucial a solid and trustworthy IT infrastructure is to continuing corporate operations. Read More..

B2B Tech News | 5 days ago      

OpenAI Launches GPT4o Mini Affordable AI Model for Broader Accessibility

A more affordable and compact version of OpenAIs sophisticated AI model, GPT4o, is now available as GPT4o Mini. This new model is intended to provide

A more affordable and compact version of OpenAIs sophisticated AI model, GPT4o, is now available as GPT4o Mini. This new model is intended to provide comparable text, speech, and vision processing capabilities at a lower cost, making it more affordable for a broader range of users. By democratising AI technology, GPT4o Mini hopes to let more people use its sophisticated capabilities without paying exorbitant prices linked to larger devices. This action aligns with OpenAIs goal to provide robust AI tools to a broad audience. Read More..

B2B Tech News | 5 days ago