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GLOBAL NEWS

Microsoft Restores Global Microsoft 365 Services After Major Outage

Microsoft has fixed a worldwide outage that started on Downdetector at 234 PM and peaked internationally at 619 PM, impacting Microsoft 365 services l

Microsoft has fixed a worldwide outage that started on Downdetector at 234 PM and peaked internationally at 619 PM, impacting Microsoft 365 services like Teams, OneDrive, and Outlook. Reports peaked in India at 319 PM IST. Because the problem, known as OO953223, interfered with online app access, Microsoft recommended utilising desktop apps as an interim solution. This is the second outage in two weeks, affecting Skype, Teams calendars, and Exchange Online. Microsoft stated there was no enterprise effect after identifying and mitigating the underlying causes in both incidents. Users are urged to monitor changes through the admin centre or service status page for continuous recovery and comprehensive insights. Read More..

B2B Tech News | 3 months ago      

Yotta Launches “Rudra” Accelerator to Empower AI Startups with NVIDIAPowered Innovation

Yotta Data Services has introduced "Rudra," an accelerator program that gives startups and ISVs access to NVIDIA accelerated computing to drive AI inn

Yotta Data Services has introduced "Rudra," an accelerator program that gives startups and ISVs access to NVIDIA accelerated computing to drive AI innovation. Rudra provides up to $50,000 in Shakti Cloud credits in collaboration with NVIDIA Inception and Connect programs, allowing for more extended access to NVIDIA Hopper GPUs and AI software tools for creating and implementing AI models. With customised training, managed services, and special savings for supplementary requirements, the program supports initiatives like multimodal AI, speech recognition, and huge language models. Rudra, which devotes 80% of its GPU resources to Indian clients, wants to promote domestic and international AI innovation by enabling entrepreneurs to overcome technological and financial obstacles to develop gamechanging AI solutions. Read More..

B2B Tech News | 3 months ago      

STMicroelectronics Launches STM32N6 Microcontrollers for Edge AI and Machine Learning

The STM32N6 family, STMicroelectronics first microcontrollers built for edge AI and machine learning applications, have been released. By managing loc

The STM32N6 family, STMicroelectronics first microcontrollers built for edge AI and machine learning applications, have been released. By managing local image and audio processing duties, these chips are anticipated to power consumer and industrial devices, eliminating the need for larger computers or data centres. By minimising data transfer to and from central servers, edge AI allows localised processing in devices like automobiles, factories, and wearables, enhancing speed and lowering energy consumption in contrast to generative AI models like ChatGPT, which rely on massive data centre resources. This development demonstrates the companys emphasis on incorporating AI capabilities into small, energyefficient devices designed for specific ondevice applications. Read More..

B2B Tech News | 3 months ago      

Australia’s Central Bank Holds Interest Rates Steady at 4.35%, Signals Confidence in Inflation Control

In a softer stance on inflation, Australias central bank said it has "some confidence" that inflation is returning to target levels, maintaining inter

In a softer stance on inflation, Australias central bank said it has "some confidence" that inflation is returning to target levels, maintaining interest rates at 4.35% during its yearend meeting. The market anticipated a possible rate decrease in February, with full easing expected by April, and the Australian dollar fell 0.8% to $0.6380 as threeyear bond futures increased. Despite the temporary government subsidies that caused headline inflation to decline to 2.8% in the third quarter, core inflation is still stubbornly high at 3.5%. Along with dismal economic growth figures, analysts predict that the RBAs departure from a hawkish stance may trigger a dovish turn and potential rate decreases in early 2024. Read More..

B2B Tech News | 3 months ago      

Adani Group Announces $88.5 Billion Investment in Rajasthan Amid Political Controversy

The first significant investment since U.S. authorities charged billionaire founder Gautam Adani and senior executives with bribing officials to obtai

The first significant investment since U.S. authorities charged billionaire founder Gautam Adani and senior executives with bribing officials to obtain power contracts, the Adani Group of India has announced plans to invest more than 7.5 trillion rupees $88.5 billion in Rajasthan. As opposition parties accuse Modis Bharatiya Janata Party BJP of shielding Adani, the statement was made at a Jaipur event that Prime Minister Narendra Modi attended. Despite these accusations, Adanis finance chief reiterated that investment plans are proceeding as planned. The money will go towards industries like cement, renewable energy, and logistics. Significant investments will be made in new cement factories and developing a vast green energy ecosystem with a capacity of 100 gigawatts. Read More..

B2B Tech News | 3 months ago      

AllianceBernstein Prepares $225 Million Lawsuit Against Switzerland Over Credit Suisse Collapse

AllianceBernstein, a U.S. asset management, is preparing to sue Switzerland for $225 million after UBS acquired Credit Suisse, wiping off $17 billion

AllianceBernstein, a U.S. asset management, is preparing to sue Switzerland for $225 million after UBS acquired Credit Suisse, wiping off $17 billion of the banks debt. AllianceBernstein will be added as a plaintiff in the dispute, which was started by Quinn Emanuel Urquhart & Sullivan on behalf of bondholders of Credit Suisse. A group of bondholders who owned $82 million in Additional Tier 1 AT1 debt from Credit Suisse also sued Switzerland earlier this year to recover damages. Due to the significant losses sustained, bondholders have strongly reacted negatively to Credit Suisses 2023 bankruptcy and subsequent takeover by UBS in a rescue coordinated by Swiss authorities. Read More..

B2B Tech News | 3 months ago      

Omnicom Acquires Interpublic for $13 Billion, Creating Largest Advertising Conglomerate

Omnicom said that it had acquired rival Interpublic for $13 billion in allstock terms, making it the most prominent advertising giant in the world bas

Omnicom said that it had acquired rival Interpublic for $13 billion in allstock terms, making it the most prominent advertising giant in the world based on revenue. The deal, which needs shareholder and regulatory approval, comes as the advertising sector is facing growing competition and threats from tech companies. Omnicom will exchange Interpublic stockholders shares for Omnicom stock by paying a 22% premium over Interpublics latest share price. The anticipated yearly cost savings of $750 million from the deal could balance the $2.4 billion premium. Some industry observers saw the merger as a defensive tactic rather than an inventive one, notwithstanding the financial justification. Under John Wrens leadership, the company will make around $26 billion in 2023. Read More..

B2B Tech News | 3 months ago      

U.S.Taiwan Trade Agreement Set to Take Effect, Strengthening Economic Ties

In a significant step towards deepening economic connections between the two countries, the first agreement under the U.S.Taiwan Initiative on 21st Ce

In a significant step towards deepening economic connections between the two countries, the first agreement under the U.S.Taiwan Initiative on 21st Century Trade will go into effect on Tuesday. This project intends to promote closer cooperation in several sectors, such as anticorruption, customs administration, and trade facilitation for small and mediumsized businesses, in the wake of Taiwans exclusion from the U.S.led IndoPacific Economic Framework in 2022. U.S. Trade Representative Katherine Tai stressed how crucial this deal is to strengthening the economic ties between the United States and Taiwan. The strategic significance of strengthening alliances in the face of a changing global environment was emphasised by Taiwans Office of Trade Negotiations, which shared this sentiment. Current negotiations for a second accord centre on agriculture, labour, and environmental concerns, with hopes of a future free trade agreement. Read More..

B2B Tech News | 3 months ago