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Microsoft to Invest $3.2 Billion in Sweden for Cloud and AI Infrastructure Expansion

Over the next two years, Microsoft will invest 33.7 billion Swedish crowns $3.2 billion to build its cloud and AI infrastructure in Sweden. This inves

Over the next two years, Microsoft will invest 33.7 billion Swedish crowns $3.2 billion to build its cloud and AI infrastructure in Sweden. This investment is part of a more significant trend wherein businesses such as Microsoft and Amazon Web Services are building data centres in Europe due to the growing popularity of generative AI. Microsoft plans to utilise Nvidia processors and 20,000 sophisticated GPUs in Swedish data centre locations. In the future, it may also use AMD and its chips. Microsoft, dedicated to accelerating the adoption of AI in the Nordic area, has invested in around 1,000 MW of renewable energy in Sweden and intends to teach 250,000 Swedes about AI over three years. Read More..

B2B Tech News | 1 years ago          

AWS Eyes Major Investment in Italy to Expand European Data Centers

Italy and Amazons AWS are negotiating over a billion euro investment to grow AWSs data centre operations and improve its cloud capabilities throughout

Italy and Amazons AWS are negotiating over a billion euro investment to grow AWSs data centre operations and improve its cloud capabilities throughout Europe. The extent and location of the investment are still being discussed either the existing Milan facility will be expanded, or a new one will be established. With plans to invest two billion euros by 2029, AWS opened its first cloud region in Italy in 2020, catering to customers including Assicurazioni Generali and Ferrari. AWS has revealed a massive increase from a prior intention to invest 15.7 billion euros in the Aragon area of Spain. By 2040, AWS intends to invest 7.8 billion euros in Germany. With Telefonica Deutschland having just moved one million users to the AWS cloud, the business is also improving its infrastructure for telecom clients. This financial commitment reflects corporate interest in AI spurs growth in the cloud market. Read More..

B2B Tech News | 1 years ago          

Apple to Integrate OpenAI Technology in iOS 18, Unveiling at WWDC 2024

According to Bloombergs Mark Gurman, Apple intends to employ OpenAIs technology for AI capabilities in iOS 18, which will be presented at WWDC 2024. T

According to Bloombergs Mark Gurman, Apple intends to employ OpenAIs technology for AI capabilities in iOS 18, which will be presented at WWDC 2024. The partnership with OpenAI is anticipated to be a significant focal point of the occasion. Additionally, Apple is in talks with Google to provide Gemini as a substitute. Thanks to its sizable user base, Apple may emerge as a significant force in AI when these technologies launch. The AI improvements in iOS 18—which will be available as a stable version in September alongside the iPhone 16—may include quicker search, photo retouching, note transcription, and Siri changes. A developer beta glimpse was given at WWDC. Apples AI capabilities will be available for macOS and iPadOS, striking a balance between cloudbased big language models for offline usage and ondevice processing for privacy. Read More..

B2B Tech News | 1 years ago          

Barracuda Networks Unveils AI Assistant to Enhance Partner Portal Capabilities

Barracuda Networks has improved partner search and enablement capabilities by adding an inventive AI assistant to its Partner Portal. Partners may str

Barracuda Networks has improved partner search and enablement capabilities by adding an inventive AI assistant to its Partner Portal. Partners may streamline customer assistance and increase productivity by accessing information on Barracuda products, the Partner Success Programme, and portal resources with the Barracuda AI Assistant. It helps partners have more fruitful sales interactions by giving them instant, roundtheclock solutions to product inquiries. This tool provides sourcing information and thorough replies by referencing many Barracuda resources. The CEO of Protea Networks GmbH, Michael Seele, and Vice President of Worldwide Partner Ecosystems, Jason Beal, highlighted the AI assistants contribution to increasing partner success and efficiency. Launched in December 2023, the Barracuda Partner Success Programme offers reseller partners support for various market channels. Read More..

B2B Tech News | 1 years ago          

Microsoft Identifies Atlas Lion A MoroccoBased Cybercrime Group Behind Gift Card Fraud

Microsoft has identified Storm0539, a cybercrime gang in Morocco that is wellknown for its highly skilled phishing assaults aimed at gift card theft.

Microsoft has identified Storm0539, a cybercrime gang in Morocco that is wellknown for its highly skilled phishing assaults aimed at gift card theft. The organisation, also going under the name Atlas Lion and active since late 2021, obtains access and creates phoney gift cards by stealing credentials using adversaryinthemiddle phishing sites. They use techniques like taking advantage of cloud infrastructure and eluding multifactor authentication. Targets of Storm0539 include bigbox stores, highend labels, and fastfood restaurants. Between March and May 2024, recorded activity increased by 30%. There have also been alerts from the FBI on their smishing assaults. Microsoft suggests that to counter these attacks, businesses regard gift card websites as highvalue targets and put additional security measures in place. Read More..

B2B Tech News | 1 years ago          

HCLTech and Arm Unite to Revolutionize AI with Custom Silicon Chips

Together, HCLTech and Arm are developing customised silicon chips optimised for AI workloads to increase productivity for cloud service providers, sys

Together, HCLTech and Arm are developing customised silicon chips optimised for AI workloads to increase productivity for cloud service providers, system OEMs, and semiconductor makers. HCLTech wants to innovate in AI workload management and lower development risks by leveraging Arms Neoverse Compute Subsystems. Through this partnership, HCLTech will be at the forefront of AI inside the Arm Total Design ecosystem. HCLTech Executive VP Ameer Saithu emphasised how AI workload management may be revolutionised in data centres. Arm India President Guru Ganesan was excited by the partnerships creative possibilities. Significant progress in AIdriven semiconductor solutions is anticipated due to this partnership. Read More..

B2B Tech News | 1 years ago          

China Launches $47.5 Billion Semiconductor Investment Fund for Chip SelfSufficiency

With a $47.5 billion registered capital, China has opened its third statebacked chip investment fund to become selfsufficient in chip manufacturing. T

With a $47.5 billion registered capital, China has opened its third statebacked chip investment fund to become selfsufficient in chip manufacturing. The China Integrated Circuit Industry Investment Fund was created on May 24 and is the biggest fund. China Development Bank Capital is the secondlargest stakeholder, with a 17% interest held by the countrys financial government. Central Chinese banks and seventeen other organisations are among the investors. The fund intends to concentrate on chip fabrication equipment and is in the process of appointing investment management firms. This action coincides with tighter U.S. export regulations on sophisticated chips, which makes Chinas need to create its semiconductor industry even more pressing. Read More..

B2B Tech News | 1 years ago          

PakistanBased Hacking Group Targets Indian Government and Defense Sectors in Fresh Cyberattacks

Hacking organisation Transparent Tribe, located in Pakistan, has used crossplatform malware such as Python, Golang, and Rust to launch new cyberattack

Hacking organisation Transparent Tribe, located in Pakistan, has used crossplatform malware such as Python, Golang, and Rust to launch new cyberattacks against the Indian government, defence, and aerospace industries. Spearphishing attacks make use of trustworthy internet services like Google Drive and Discord. Key businesses associated with Indias Department of Defence Production are among the targets these include, most likely, Bengalurubased BEML Limited, Bharat Electronics Limited, and Hindustan Aeronautics Limited. Transparent Tribe, commonly known as APT36, has been conducting cyber espionage in South Asia and the Middle East since 2013. It has been operational since 2013. Recent strategies include leveraging Golangcompiled programmes for broad data exfiltration and system control, communicating commands over Discord, and delivering Pythonbased trojans via Telegram. Their continued attacks highlight their intention to undermine Indias national security apparatus. Read More..

B2B Tech News | 1 years ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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