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Former Disney Star Bridgit Mendler Ventures into Space Industry with Northwood Space

Former Disney actress Bridgit Mendler is breaking into the space market with her business, Northwood Space. Northwood hopes to transform satellite dat

Former Disney actress Bridgit Mendler is breaking into the space market with her business, Northwood Space. Northwood hopes to transform satellite data transfer and provide more effective and convenient space access by constructing ground stations in large quantities. Northwood intends to simplify data transfer for satellite operators, with an initial focus on low Earth orbit satellites and has received significant finance from wellknown investors, including Founders Fund and Andreessen Horowitz. Northwood aims to meet the increasing need for dependable and easily accessible ground stations by providing quick deployment times and adaptability. Mendler wants to make space travel more accessible to all people and increase the influence of space technologies on Earth. Read More..

B2B Tech News | 3 months ago      

Rising Unemployment in South Africa Heightens Pressure on ANC Ahead of Elections

With 7.9 million unemployed people, South Africas unemployment rate increased by 46,000 from the previous quarter to 32.1% in Q4 2023. Ahead of the ne

With 7.9 million unemployed people, South Africas unemployment rate increased by 46,000 from the previous quarter to 32.1% in Q4 2023. Ahead of the next elections, this presents a severe threat to the African National Congress ANC, which is now in power. The startling 59.4% youth unemployment rate exacerbates worries about job growth. Over several decades, the ANCs support has gradually decreased due to broken promises about economic progress. According to polls, the ANC could receive less than 50% of the vote in the national election, which might lead to the firstever instance of coalition government at the federal level. To subvert ANC supremacy, the Democratic Alliance is considering establishing alliances. The election date is still pending it is anticipated to occur in May or August. Read More..

B2B Tech News | 3 months ago      

Occidental Petroleum Considers Selling Western Midstream Partners to Reduce Debt

Western Midstream Partners, an American operator of natural gas pipelines, is estimated to be worth close to $20 billion, including debt, and is being

Western Midstream Partners, an American operator of natural gas pipelines, is estimated to be worth close to $20 billion, including debt, and is being considered for sale by Occidental Petroleum. Supported by Warren Buffetts Berkshire Hathaway, Occidental is looking at this disposal to lower the $18.5 billion in debt it has accrued via purchases like the recent $12 billion purchase of CrownRock. Following the announcement, shares of Western Midstream increased 5.7%, finishing at the highest level since July 2019. JPMorgan Chase advises Occidental, which owns 49% of Western Midstream and manages its operations, on how to maximise the value of its stake. Major competitors such as Enterprise Products Partners, Williams Companies, Kinder Morgan, infrastructure funds, and private equity groups are possible purchasers of Western Midstream. Read More..

B2B Tech News | 3 months ago      

Indonesia Introduces New Incentives to Boost Electric Vehicle Sales and Industry Growth

To hasten the adoption of environment friendly automobiles and draw capital to its developing domestic EV sector, Indonesia has introduced new incenti

To hasten the adoption of environment friendly automobiles and draw capital to its developing domestic EV sector, Indonesia has introduced new incentives to boost the sales of domestically and imported EVs. Among these incentives are eliminating the luxury tax on electric vehicles EVs for the 2024 fiscal year and the import tax exemption through the end of 2025. In addition, existing tax relief for electric vehicle purchasers will be prolonged by lowering the valueadded tax from 11% to 1% for the current year, which ends at the end of 2023. By taking these steps, the government intends to encourage domestic automakers to invest in the nation and increase demand for EVs. By 2030, Indonesia hopes to generate 600,000 EVs internally by using its substantial nickel deposits, an essential material for EV batteries, to become a leading EV production hub. Read More..

B2B Tech News | 3 months ago      

Nvidia Surpasses Tesla as Wall Streets Most Traded Stock, Reflecting AI Investment Trend

With its recent climb, Nvidia has displaced Tesla as the most traded stock by value on Wall Street, demonstrating the increasing popularity of AIrelat

With its recent climb, Nvidia has displaced Tesla as the most traded stock by value on Wall Street, demonstrating the increasing popularity of AIrelated investments among investors. Meanwhile, the chipmakers dominance in daily trading also makes us worry about our susceptibility if sales growth falls short of our optimistic projections. Several experts have suggested that anything less than spectacular results in Nvidias impending quarterly report might undo the recent upswing. The recent decline in the stock, which has Nvidias average daily trading volume of $30 billion compared to Teslas $22 billion, indicates investor anxiety ahead of the report. This change in the mechanics of trading highlights the importance of AIrelated equities in the current market, with Nvidia leading the way. But questions remain about whether momentum rather than fundamentals drives the trading frenzy. Read More..

B2B Tech News | 3 months ago      

Microsoft Developing New Network Card to Boost Performance of Maia AI Server Chip

According to reports, Microsoft is developing a new network card to improve the Maia AI server chips performance and lessen its dependency on Nvidia.

According to reports, Microsoft is developing a new network card to improve the Maia AI server chips performance and lessen its dependency on Nvidia. The project, headed by Pradeep Sindhu, a cofounder of Juniper Networks currently working with Microsoft after the company acquired Fungible, wants to create a card that will be offered alongside GPUs similar to Nvidias ConnectX7. If the new card is effective, it might lower expenses and speed up OpenAIs model training on Microsoft servers. Microsofts investment in OpenAI highlights the companys dedication to artificial intelligence. The Maia processor, which supports massive language models and AI processing, gives Microsoft a competitive edge in the sales of AI software. Read More..

B2B Tech News | 3 months ago      

Password Management Leader 1Password Acquires Kolide for Enhanced Device Security

The acquisition of Kolide, an endpoint security platform, by 1Password, a wellknown producer of password management software, is intended to improve d

The acquisition of Kolide, an endpoint security platform, by 1Password, a wellknown producer of password management software, is intended to improve device security for remote and hybrid work settings. Because employees use a combination of personal and workissued devices in modern workplaces, Kolides experience in realtime device health monitoring and access control aligns with the changing demands of these environments. 1Password hopes to provide allinclusive security solutions using Kolides platform, guaranteeing safe access to business apps and data on all devices. The purchase strengthens 1Passwords position in the cybersecurity industry and highlights the companys dedication to providing cuttingedge security solutions. Read More..

B2B Tech News | 3 months ago      

Uttar Pradesh Emerges as Key Player in Indias AI Landscape, Plans AI City Near Lucknow

Uttar Pradesh is trying to make a name for itself in the AI space in India by using cuttingedge technology to stimulate creativity and economic growth

Uttar Pradesh is trying to make a name for itself in the AI space in India by using cuttingedge technology to stimulate creativity and economic growth. Uttar Pradesh aims to combine cuttingedge technology, research facilities, and academic institutions to create a vibrant environment for businesses focusing on Artificial Intelligence AI, with plans to build an AI City close to the Lucknow airport. The state administration hopes to establish Lucknow as Indias next IT hub by attracting talent and investment worldwide. Uttar Pradesh wants to help create cuttingedge infrastructure and encourage research and innovation in cuttingedge technologies like Artificial Intelligence AI by offering strategic assistance and incentives to developers. This would set the stage for India to lead in AI innovation and technology. Read More..

B2B Tech News | 3 months ago