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GLOBAL NEWS

India’s Exports Set to Exceed USD 814 Billion in 2024, Reports GTRI

According to the Global Trade Research Initiative GTRI, Indias total exports of goods and services are expected to approach USD 814 billion in 2024, a

According to the Global Trade Research Initiative GTRI, Indias total exports of goods and services are expected to approach USD 814 billion in 2024, a 5.58% growth from USD 768.5 billion in 2023. It is projected that services exports will rise by 10.31% to USD 372.3 billion, while merchandise exports will reach USD 441.5 billion, a slight increase of 2.34%. According to the research, Indias export market is changing, with traditional industries like textiles and jewels losing ground to expanding shares in electronics and machinery. However, issues persist because of supply chain weaknesses, geopolitical concerns, and slow growth in global trade. Read More..

B2B Tech News | 18 days ago      

Germany Urged to Boost Defense Spending to 3% of GDP by Hensoldt CEO

Oliver Doerre, CEO of the defence electronics company Hensoldt, suggested that Germany raise its defence budget to 3% of its GDP. He stressed in an in

Oliver Doerre, CEO of the defence electronics company Hensoldt, suggested that Germany raise its defence budget to 3% of its GDP. He stressed in an interview the necessity of increased military capabilities, such as more ships, tanks, and aeroplanes, to ward off threats from countries like Russia. Though he supports a constitutional commitment of 3% for at least ten years, Doerre expects the German government to maintain a minimum defence expenditure of 2% of GDP. He underlined worries that by 2028 or 2029, Russia would threaten NATO, emphasising the need for Europe to strengthen its deterrence capabilities. In addition, Hensoldt is investigating defence industry collaborations and participating in the European Sky Shield Initiative. Read More..

B2B Tech News | 18 days ago      

Brazil’s Central Bank Leadership Shift Gabriel Galipolo Takes Office

With the arrival of Gabriel Galipolo as the new head of the central bank, relations between the central bank and President Luiz Inacio Lula da Silva o

With the arrival of Gabriel Galipolo as the new head of the central bank, relations between the central bank and President Luiz Inacio Lula da Silva of Brazil are strengthening. Former Jair Bolsonaro appointee Roberto Campos Neto is replaced with Galipolo, a former deputy finance minister with more leftleaning economic ideas. Though Lula commends Galipolo and pledges fiscal restraint, worries about possible changes in monetary policy persist, particularly given that Lulas appointees will control most of the banks ratesetting committee. Given previous cases where political pressure impacted monetary choices, analysts are concerned that Galipolos strong relationship with Lula may jeopardise the banks independence. The difficulty will be striking a balance between growth and the required monetary discipline as Brazils state debt increases. Read More..

B2B Tech News | 18 days ago      

Brazilian Government Targets Discounts in Railway Contracts with Vale

According to a recent securities filing, Brazilian miner Vale has agreed to pay local authorities up to 11 billion reais $1.78 billion to rework two r

According to a recent securities filing, Brazilian miner Vale has agreed to pay local authorities up to 11 billion reais $1.78 billion to rework two railway concession contracts. The Brazilian government will eliminate discounts given to rail businesses during the previous administration, which enabled some corporations to obtain early contract renewals. The concessions for the Carajas and Vitoria a Minas railways were renegotiated in 2020 with general terms agreed upon by Vale, the government, and the land transport authority ANTT. The concessions were extended through 2057. The deal, awaiting other clearances, will raise Vales railway concession obligations by 1.7 billion reais. Read More..

B2B Tech News | 18 days ago      

Nvidia Acquires Israeli AI Firm Runai for $700 Million Amid Antitrust Scrutiny

Following regulatory agencies antitrust investigations, Nvidia successfully paid $700 million to purchase the Israeli AI company Runai. Concerned abou

Following regulatory agencies antitrust investigations, Nvidia successfully paid $700 million to purchase the Israeli AI company Runai. Concerned about Nvidias hegemony in the graphics processing unit GPU industry, which has an 80% market share, the European Commission first said the merger would need antitrust clearance before granting unconditional permission earlier in December. The Commission determined that the transaction would not present any serious risks despite early concerns that it would hurt competition. The U.S. Department of Justice is also looking into the transaction now. Runai aims to make its software opensource, increasing its availability beyond just Nvidia GPUs to the broader AI ecosystem. Read More..

B2B Tech News | 18 days ago      

Nvidia Shifts Focus from AI Chipsets to Robotics and Embodied AI

As competition in the AI hardware market heats up, Nvidia reportedly turns its attention from AI chipsets to robotics and embodied AI to give robots p

As competition in the AI hardware market heats up, Nvidia reportedly turns its attention from AI chipsets to robotics and embodied AI to give robots processing power and training. Deepu Talla, the companys vicepresident of robotics, highlighted their intentions to train AI agents in simulation for practical uses, stating that a "ChatGPT moment" for physical AI and robotics is approaching. By fusing software training and hardware acceleration, Nvidias new platform, Generalist Robot 00 Technology GR00T, seeks to establish the firm as a "full stack" robotics solution. To improve the effectiveness of robot training, Nvidia also intends to introduce Jetson Thor, a simulationbased training chipset that uses generative AI. Read More..

B2B Tech News | 18 days ago      

Qualcomm Unveils Snapdragon 8 Elite at Snapdragon Summit 2024

Rumour has it that Qualcomm is already working on the Snapdragon 8 Elite 2, its successor, which was only unveiled at the Snapdragon Summit 2024. Acco

Rumour has it that Qualcomm is already working on the Snapdragon 8 Elite 2, its successor, which was only unveiled at the Snapdragon Summit 2024. According to Tipster Digital Chat Station, the new chipset, which offers a considerable improvement in GPU performance over its predecessors N3E by using TSMCs N3P fabrication process, might be available as early as October 2025. Performance gains of at least 20% are anticipated from the Snapdragon 8 Elite 2 over the Snapdragon 8 Elite, which has outperformed the Snapdragon 8 Gen 3 by 30%. Thanks to this expedited timeframe, manufacturers might have more time to incorporate the new chipset into gadgets. Read More..

B2B Tech News | 18 days ago      

Aitomatic Launches SemiKong An AI Model for Semiconductor Development

SemiKong is a semiconductorfocused artificial intelligence AI model that Aitomatic introduced in partnership with the AI Alliances Foundation Models w

SemiKong is a semiconductorfocused artificial intelligence AI model that Aitomatic introduced in partnership with the AI Alliances Foundation Models workgroup. Using topnotch industryspecific data, such as design and manufacturing documents, SemiKong, trained on Metas Llama 3.1 70B foundation model and based on the domainexpert agents DXA architecture, helps experts with semiconductor development. Four variations of this opensource model—SemiKong8B, SemiKong70B, SemiKong8B Instruct, and SemiKong70B Instruct—are accessible on GitHub and Hugging Face. Aitomatic claims SemiKong can close industry knowledge gaps by cutting chipset design time by 20–30%, increasing firsttime manufacturing success rates by 25%, and speeding up onboarding for new professionals by 40–50%. Read More..

B2B Tech News | 18 days ago