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Airbus Records Strong April Deliveries with 13% YearonYear Growth

Airbus reported 61 aircraft delivered in April, a 13% increase over the same time in the previous year. With this, there have been 203 deliveries made

Airbus reported 61 aircraft delivered in April, a 13% increase over the same time in the previous year. With this, there have been 203 deliveries made this year. Notably, during the month, 51 A321neo aircraft were ordered by an unidentified airline. IAG, the owner of British Airways, also rearranged five of its narrowbody aircraft throughout the firm. Thus far this year, Airbus has sold a total of 227 aircraft this number rises to 222 when the conversions within the order book of the IAG airline group are taken into account. Read More..

B2B Tech News | 9 hours ago          

Zeekr Intelligent Technology Holding Rushes IPO Close as Demand Surges

Aiming to raise $367.5 million, Chinese electric car manufacturer Zeekr Intelligent Technology Holding will conclude its New York IPO book building on

Aiming to raise $367.5 million, Chinese electric car manufacturer Zeekr Intelligent Technology Holding will conclude its New York IPO book building one day ahead of schedule. The book building, which was supposed to end on Thursday, will instead end on Wednesday. Zeekr is anticipated to begin trading in New York on Friday. The transaction books have been oversubscribed several times, a sign of substantial investor interest even with the early close. The luxury brand of Chinese manufacturer Geely, Zeekr, is wellpositioned to benefit from the rising demand for electric cars. Geely and Zeekr both declined to comment on the situation. Read More..

B2B Tech News | 9 hours ago          

Wayve Secures $1.05 Billion Investment Led by SoftBank for SelfDriving Technology

Wayve, a British business developing selfdriving technology, has raised $1.05 billion in a fundraising round headed by SoftBank Group. Other contribut

Wayve, a British business developing selfdriving technology, has raised $1.05 billion in a fundraising round headed by SoftBank Group. Other contributors include Nvidia and Microsofts current backer. With this, Wayve has secured over $1.3 billion, making it the most significant investment in a British firm with an AI emphasis. By enabling cars to handle erratic situations, Wayves Embodied AI technology seeks to hasten the shift to autonomous driving. Wayve intends to enhance its artificial intelligence AI with overtheair upgrades. It is now incorporated into six vehicle platforms, including electric cars like the Jaguar IPACE. The investment is a testament to Wayves creative problemsolving and increasing awareness of the difficulties associated with autonomous driving. Read More..

B2B Tech News | 9 hours ago          

Chinese State Behind Cyber Attack on Britains Armed Forces, Sky News Reports

According to Sky News, a major data breach that was purportedly coordinated by the Chinese government allowed access to the private data of the armed

According to Sky News, a major data breach that was purportedly coordinated by the Chinese government allowed access to the private data of the armed services of the United Kingdom. Britains Ministry of Defence MoD has yet to respond to the claim, but on Tuesday, Defence Minister Grant Shapps is scheduled to address parliament. Sky stated that the government refrained from openly identifying China, but it did not provide the source of its claim that China was the source of the assault. A payroll system was the focus of the hack, which exposed the identities and bank account information of certain veterans and active military members. The British Minister of Work and Pensions, Mel Stride, promised that the impacted database, which an outside contractor was running, was taken offline immediately. Read More..

B2B Tech News | 9 hours ago          

Apple Ventures into AI Chip Development with Project ACDC for Data Centers

According to reports, Apple is working on Project ACDC to build its processor for AI software in data centres. CEO Tim Cook voiced confidence in their

According to reports, Apple is working on Project ACDC to build its processor for AI software in data centres. CEO Tim Cook voiced confidence in their generative AI future. The chip is designed to make use of Apples server infrastructure design experience, with an emphasis on AI model inference as opposed to training. Years have passed while the project was being developed, and its formal announcement is still pending. Although final findings are still awaited, Apple and Taiwan Semiconductor Manufacturing Co. TSMC have worked together on chip design and manufacture. The business still needs to reply to a request for comment from Reuters. With this action, Apple indicates its deliberate investment in artificial intelligence, which might improve its skills in the data centre market. Read More..

B2B Tech News | 9 hours ago          

Data Breach in Britains Defence Department Payroll System Exposes Personal Information

The British Defence Department uses a payroll system, and on Monday, the BBC reported that there had been a data breach in that system. Specific priva

The British Defence Department uses a payroll system, and on Monday, the BBC reported that there had been a data breach in that system. Specific private data on the system—overseen by an outside contractor—was accessed without authorization. When the system was discovered, the Ministry of Defence quickly pulled it down. The hack revealed personal information on current and past members of the Royal Navy, Army, and Air Force, including names and bank account details, even though no operational Ministry of Defence data was stolen. Information on the breach may be provided to Members of Parliament on Tuesday in the Commons the Ministry of Defence has not yet responded to Reuters request for comment. Read More..

B2B Tech News | 9 hours ago          

AWS to Invest $8.88 Billion in Singapore Cloud Computing Infrastructure Expansion

Over the next four years, Amazon Web Services AWS plans to invest S$12 billion, or around $8.88 billion, in extending its cloud computing infrastructu

Over the next four years, Amazon Web Services AWS plans to invest S$12 billion, or around $8.88 billion, in extending its cloud computing infrastructure in Singapore. This investment brings the total anticipated spending to over S$23 billion by 2028, supplementing the S$11.5 billion previously funded in the Asia Pacific Region till 2023. Additionally, AWS partnered with companies, public sector organisations, and the Singaporean government to hasten the nations adoption of generative AI and artificial intelligence AI. This project aims to strengthen Singapores standing as a regional centre for innovation. The announcement, which was announced at the AWS ASEAN Summit in Singapore, is a component of the companys larger plan to develop infrastructure hubs throughout Southeast Asia, including new investments in Malaysia and Thailand. Read More..

B2B Tech News | 9 hours ago          

Deutsche Bank Shares Drop 4.9% on Potential Legal Liabilities

On Monday, premarket trading saw a 4.9% decrease in shares of Deutsche Bank due to disclosures on possible legal liability. The bank is facing the pos

On Monday, premarket trading saw a 4.9% decrease in shares of Deutsche Bank due to disclosures on possible legal liability. The bank is facing the possibility of a significant settlement related to a protracted legal dispute over its purchase of Postbank, valued at much to 1.3 billion euros $1.39 billion. The complaint claims that when Deutsche Bank acquired Postbank, the biggest lender in Germany, it made improper payments. This new news adds to the difficulties Deutsche Bank has been facing lately as it navigates several legal and financial crises. Premarket trading saw the banks share price decline due to investor fears stoked by the unpredictability surrounding the lawsuits result. Read More..

B2B Tech News | 9 days ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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