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GLOBAL NEWS

Chinas Central Bank Slashes Reserve Requirements to Boost Economy

The second reserve requirement ratio RRR reduction announced by Chinas central bank, the Peoples Bank of China PBOC, will take effect on September 15

The second reserve requirement ratio RRR reduction announced by Chinas central bank, the Peoples Bank of China PBOC, will take effect on September 15 and affect all banks except those having a 5% reserve ratio. This action attempts to increase liquidity and promote the nations economic recovery in the face of postpandemic difficulties. Anticipate that the cut will increase medium to longterm liquidity by more than 500 billion yuan $68.71 billion. Before a deadline in September, local administrations in China have been actively issuing "special" bonds to finance infrastructure projects. The PBOC promises to promote the economy while preserving a steady yuan exchange rate. Read More..

B2B Tech News | 8 days ago      

Pentathlon Ventures Unleashes $54.4 Million Fund for B2B SaaS Startups

The second fund from Pentathlon Ventures, which focuses on earlystage B2B softwareasaservice SaaS firms, has a corpus objective of Rs 450 crore about

The second fund from Pentathlon Ventures, which focuses on earlystage B2B softwareasaservice SaaS firms, has a corpus objective of Rs 450 crore about $54.4 million. In addition to enterprise digital transformation, finance, ecommerce enablement, health, and other areas, the company wants to invest in 25 B2B SaaS firms. The fund will receive funding from local and international limited partners, including corporations, institutions, and business moguls. It focuses on seedstage businesses with revenue and a productmarket fit. GTMDialogues is a programme run by Pentathlon Ventures to guide SaaS founders and GTM leaders. With the new fund, participation in Series A and B rounds will be possible, with investments ranging from $750,000 to $1.2 million. Read More..

B2B Tech News | 8 days ago      

DBS Group Expanding in China, Eyeing the Indian Market

Due to the economic headwinds brought on by the crisis in Chinas indebted real estate sector, DBS Group Chief Executive Piyush Gupta highlighted conce

Due to the economic headwinds brought on by the crisis in Chinas indebted real estate sector, DBS Group Chief Executive Piyush Gupta highlighted concerns about the countrys economy. Despite pointing out the potential for growth in fields like electric vehicles, he acknowledged the difficulties in cleaning up the real estate industry. Over the next five years, DBS wants to treble its operations in India and seeks to raise its holding in Shenzhen Rural Commercial Bank. Gupta emphasised DBSs wealth management divisions success, which benefited from inflows from various geographical areas. Singaporean banks have experienced significant inflows and increased profits because wealthy clients have actively sought it out as a financial refuge due to its reputation. Read More..

B2B Tech News | 8 days ago      

Artificial Intelligence Reshaping Advertising Through Music

According to advertising entrepreneur Michele Arnese, because of the fastpaced imagery and sound permeating the modern world, companies must adapt to

According to advertising entrepreneur Michele Arnese, because of the fastpaced imagery and sound permeating the modern world, companies must adapt to artificial intelligence AI. His AIfocused music label, Amp, creates a brands "sonic identity" by using AI to create various sounds for brands, from podcast compositions to app launch noises. AI ensures brand consistency by evaluating distinctiveness and potential impact while enabling mass music production. According to Arnese, AI will significantly impact advertising without dramatically reducing employment opportunities because it can be a tool that fosters innovation. Read More..

B2B Tech News | 8 days ago      

DoorDash DASHes to Nasdaq, Leaving NYSE Behind

On September 27, DoorDash intends to transfer its stock listing from the NYSE to the Nasdaq under the same ticker symbol, "DASH." The NYSE, which has

On September 27, DoorDash intends to transfer its stock listing from the NYSE to the Nasdaq under the same ticker symbol, "DASH." The NYSE, which has been attempting to draw more tech company listings, could suffer from this change. Between 1983 and 2022, the Nasdaq had over 7,000 initial public offerings, compared to the NYSEs 1,400. This indicates that the Nasdaq has historically been more popular for tech IPOs. The listing of recent companies like Arm and the imminent launch of Instacart on the Nasdaq are evidence that this transition is in line with a potential rebound in the tech IPO market, which has been in decline since late 2021. Read More..

B2B Tech News | 8 days ago      

Tech Titans Unite Musk, Zuckerberg, and More Demand AI Regulation

Elon Musk, Mark Zuckerberg, Sundar Pichai, Bill Gates, and Satya Nadella were among the tech industry executives who travelled to Washington to meet w

Elon Musk, Mark Zuckerberg, Sundar Pichai, Bill Gates, and Satya Nadella were among the tech industry executives who travelled to Washington to meet with US senators to discuss AI policy. Senate Majority Leader Chuck Schumer organised the meeting. The meeting found an "overwhelming consensus" for regulating AI. The CEO of OpenAI, Sam Altman, emphasised the drawbacks of AI technology. Zuckerberg asked Congress to promote AI innovation and protections, while Musk demanded the creation of a regulatory body to monitor AI. Mass layoffs, fraud, false information, and data exploitation are all causes for concern. Lawmakers accepted the need for regulation but also pointed out the difficulties in drafting legislation at this time. Read More..

B2B Tech News | 8 days ago      

France Orders Apple to Halt iPhone 12 Sales Over Radiation Concerns

France has halted the iPhone 12s sales because of high electromagnetic radiation. The French radio frequency regulating body, ANFR, also directed Appl

France has halted the iPhone 12s sales because of high electromagnetic radiation. The French radio frequency regulating body, ANFR, also directed Apple to update current phones. Apple might have to recall all iPhone 12 models sold in France if a software update cannot fix the problem. The Specific Absorption Rate SAR, particularly radiation levels above acceptable thresholds, are used to make the decision. Apple disputes the review and claims that it complies with laws everywhere. France intends to inform other EU regulators of its findings, potentially having a broader effect. On the same day, Apple also unveiled the iPhone 15. Read More..

B2B Tech News | 8 days ago      

Smart Eye’s eyetracking technology and Affectiva’s Emotion AI now in one system

An improved attention gauge was recently introduced by Affectiva, a Smart Eye subordinate, and it has become a component of their cloudbased Emotion A

An improved attention gauge was recently introduced by Affectiva, a Smart Eye subordinate, and it has become a component of their cloudbased Emotion AI platform. Over 90% of the worlds leading marketers currently use Affectivas Emotion AI technology, allowing these business leaders to gather insights into consumers psychological responses and forecast connection with their content. Through its eyetracking technology, Smart Eye has served as a prominent participant in the automobile sector for more than 20 years. It has made a big contribution to assessing if drivers are focused on the road or distracted. The companys technology is installed in more than one million automobiles globally, making a substantial contribution to transportation security. After Smart Eye bought Affectiva, the two firms integrated their Emotion AI and eyetracking technology to provide an integrated system that understands the attention of viewers when observing brand, marketing, and recreational material. Read More..

B2B Tech News | 9 days ago