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GLOBAL NEWS

OpenAI Inks $30B Annual Deal With Oracle to Power $500B Stargate AI Project

OpenAI has expanded Project Stargate, a $500 billion AI infrastructure endeavour started with SoftBank, with Oracle through a historic $30 billion yea

OpenAI has expanded Project Stargate, a $500 billion AI infrastructure endeavour started with SoftBank, with Oracle through a historic $30 billion yearly cloud arrangement. Leasing 4.5 gigawatts of U.S. data centre capacity is part of the deal to accommodate OpenAIs expanding computing requirements. With the intention of "securing American leadership in AI," Oracle plans to construct additional facilities in places like Texas, Michigan, and Wisconsin. The transaction signals OpenAIs transition away from Microsoft and towards a multicloud strategy. According to Oracle CEO Safra Catz, the deal would increase revenue beginning in fiscal 2028 and could double Oracles cloud revenue. Oracle is now a key participant in the global AI arms race, and the move highlights the growing competitiveness in AI infrastructure. Read More..

B2B Tech News | 8 months ago      

Baidu Unveils MuseSteamer to Turn Images Into 10Second AI Videos for Businesses

An AIpowered imagetovideo generator for businesses called MuseSteamer has been introduced by Baidu along with a significant search engine redesign. Wi

An AIpowered imagetovideo generator for businesses called MuseSteamer has been introduced by Baidu along with a significant search engine redesign. With three editions Turbo, Pro, and Lite, MuseSteamer can convert static photos into 10second films and is aimed at ecommerce, gaming, and marketing. MuseSteamer is not geared towards consumers like Googles Veo or OpenAIs Sora. With Ernie AI, Baidu simultaneously redesigned its search engine, allowing voice and image input, longform enquiries, and AIgenerated summaries. As a taskoriented assistant, the platform now supports more than 18,000 thirdparty AI agents. Amid a global struggle for supremacy in generative video and multimodal search, these actions seek to fight growing competition from ByteDance, Tencent, and Alibaba while solidifying Baidus position in Chinas enterprise AI sector. Read More..

B2B Tech News | 8 months ago      

Instagram Outage Hits 16,700+ Users Amid Diddy Trial Buzz

According to Downdetector, a significant outage on July 2 affected more than 16,700 users in the United States on Metas Instagram. Issues with the app

According to Downdetector, a significant outage on July 2 affected more than 16,700 users in the United States on Metas Instagram. Issues with the app UI 67%, feed updates 26%, and logins 6%, according to users, started to occur at approximately 1140 a.m. ET. The crash may have been caused by the increase in traffic during the Sean "Diddy" Combs trial, according to several users theories. Angry users verified the problem on websites like X previously Twitter. There were 849 reports at 1210 p.m. ET, suggesting that services were being restored gradually. Meta has not provided a formal statement. The incident underlines the significance of Instagram in realtime news consumption as well as the consequences of unexpected disruptions. Read More..

B2B Tech News | 8 months ago      

Cloudflare Launches ‘Pay per Crawl’ to Let Publishers Charge AI Bots for Access

With a new solution from Cloudflare, website owners may now profit from access to AI bot crawlers using a "pay per crawl" paradigm. By charging publis

With a new solution from Cloudflare, website owners may now profit from access to AI bot crawlers using a "pay per crawl" paradigm. By charging publishers microfees for content scraping or blocking AI crawlers by default, the solution gives authors more control over how their work is used. With AI models increasingly extracting data without referencing the original sources, this change addresses the decline in referral traffic. Prominent publishers including Reddit, TIME, and Condé Nast back the effort. A permissionbased ecosystem is the goal of Cloudflares solution, which also authenticates AI bots and enforces access limits. The action balances innovation with just recompense for artists, marking a significant shift in the way content is valued online. Read More..

B2B Tech News | 8 months ago      

Ant Group Invests $3.26B in R&D, Signals Deepening AI and Fintech Focus

A record $3.26 billion 23.45 billion yuan was spent on research and development by Chinas Ant Group in 2024, the fourth year in a row that spending ha

A record $3.26 billion 23.45 billion yuan was spent on research and development by Chinas Ant Group in 2024, the fourth year in a row that spending has climbed. The funding, which was disclosed in its 2024 sustainability report, highlights Ants foray into fintech and artificial intelligence in the context of Chinas larger technological aspirations. Alipays parent business is now rebuilding following regulatory hurdles that prevented its 2020 initial public offering. Alibaba, Ants parent company, is rapidly expanding AI globally as well, investing $52 billion over three years on cloud and AI infrastructure. Ants R&D priorities complement Alibabas intentions to extend Qwen LLMs to international data centres as well as its alliances with Microsoft, Nvidia, and Siemens. This action demonstrates Chinas strategic focus on AI leadership and the modernisation of digital banking. Read More..

B2B Tech News | 8 months ago      

U.S.–China Sign Trade Pact Granting Rare Earth Access, Easing Tech Tensions

A recent trade agreement between the United States and China allows Chinese students to attend American institutions and gives American firms access t

A recent trade agreement between the United States and China allows Chinese students to attend American institutions and gives American firms access to rare earth materials. Following previous negotiations in Geneva and London that reduced tariff tensions, President Trump announced the agreement, which Commerce Secretary Howard Lutnick confirmed. While the U.S. will relax some limitations on Chinese nationals, China will speed up export certifications for rare earths, which are essential for technology and defence. Both sides referred to the agreement as "signed and sealed," but neither party provided exact volumes or deadlines. In light of the uncertain global economy, the agreement represents a major deescalation in trade hostilities and reflects shared efforts to stabilise supply chains and strengthen bilateral connections. Read More..

B2B Tech News | 8 months ago      

Piyush Goyal to Meet Exporters Amid May Decline and West Asia Tensions

On June 30, Commerce Minister Piyush Goyal will meet with exporters and business executives to discuss Indias export difficulties in the context of We

On June 30, Commerce Minister Piyush Goyal will meet with exporters and business executives to discuss Indias export difficulties in the context of West Asian tensions and continuing trade talks with the United States, United Kingdom, and European Union. Following a 2.17% drop in Mays goods exports, the government is aiming for $900 billion in exports in FY26. Freight costs, reciprocal tariffs, and trade disruptions—particularly with regard to the textile industry—will all be discussed. India depends on the Strait of Hormuz for its energy imports, and the ceasefire between Iran and Israel has reduced shipping dangers along this crucial route. Additionally, India is working to complete free trade agreements and prevent tariff increases before the July 9 reciprocaltariff suspension deadline. Read More..

B2B Tech News | 8 months ago      

Thai Finance Minister Heads to U.S. to Avert 36% Tariff on Exports

In an effort to avoid imposing a high 36% tariff on Thai exports, Thai Finance Minister Pichai Chunhavajira is visiting the United States for two days

In an effort to avoid imposing a high 36% tariff on Thai exports, Thai Finance Minister Pichai Chunhavajira is visiting the United States for two days of exchange discussions. There is urgency since a moratorium ends on July 9 and, if no new agreement is reached, the U.S. may slap even higher tariffs. Most countries are currently subject to a 10% tariff during the hiatus. It was hoped by Chunhavajira that Thailands rate would not be higher than that of other nations. The goal of Thai officials is to achieve better terms and prolong the negotiation window. For Thai exporters, the negotiations are crucial since a bad outcome might increase costs and reduce competitiveness in the already volatile world trade environment. Read More..

B2B Tech News | 8 months ago