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Standard Chartered Launches Exclusive Private Markets Club for UltraRich Investors

Standard Chartered established the Private Markets CoInvestment Club CIC under its worldwide private banking division to serve ultrahighnetworth inves

Standard Chartered established the Private Markets CoInvestment Club CIC under its worldwide private banking division to serve ultrahighnetworth investors looking for institutionalgrade private market portfolios. By providing members with institutionalgrade due diligence, transaction support, and fast execution, the bank hopes to satisfy the rising demand for alternative investments. Standard Chartereds global head of private banking and affluent customers, Raymond Ang, highlighted how wealthy people move away from traditional investing and into private markets. The bank has teamed up with Ardian, a private investment group, to improve the platform. The action further solidifies Standard Chartereds position in wealth management. It is consistent with the more significant trend of highnetworth investors looking for unique, superior opportunities in private markets. Read More..

B2B Tech News | 17 days ago          

CoreWeave Secures $11.9B OpenAI Deal, Eyes $35B IPO Valuation

To strengthen its position before going public, Nvidiabacked AI firm CoreWeave has inked a fiveyear, $11.9 billion deal with OpenAI to supply AI infra

To strengthen its position before going public, Nvidiabacked AI firm CoreWeave has inked a fiveyear, $11.9 billion deal with OpenAI to supply AI infrastructure. During its initial public offering, OpenAI will receive $350 million in CoreWeave shares through a private placement as part of the agreement. CoreWeave was established in 2017 and is a competitor to AWS and Microsoft Azure, specialising in highperformance AI computing. Despite a rise in revenue to $1.92 billion, its net losses increased to $863.4 million in 2024. Blackstone is one of the primary investors in the company, which has raised around $14.5 billion in capital. CoreWeaves IPO, which is led by Morgan Stanley, JPMorgan Chase, and Goldman Sachs, is expected to list on the Nasdaq with the symbol CRWV and aim for a valuation of at least $35 billion. Read More..

B2B Tech News | 17 days ago          

Absa Group Reports 10% Profit Growth as Credit Impairments Decline

Because fewer retail credit impairments occurred in its native market, South African lender Absa Group recorded a 10% increase in yearly earnings. Gha

Because fewer retail credit impairments occurred in its native market, South African lender Absa Group recorded a 10% increase in yearly earnings. Ghana, Kenya, Zambia, the United Kingdom, and the United States are among the 16 countries where the bank operates. In 2023, it reported headline earnings per share of 26.62 rand. Net interest income climbed 4% to 71 billion rand, driven by a 7% increase in loans and a 12% increase in deposits, while revenue rose 5% to 109.9 billion rand $6 billion. Charges for credit impairment decreased 8% to 14.3 billion rand, while noninterest income increased 6%. Absa also announced a final dividend of 775 cents per share, helped by rate reductions and collection measures. Read More..

B2B Tech News | 17 days ago          

Oracle’s Federal EHR System Suffers Nationwide Outage, Disrupting VA and Military Hospitals

On 4 March, Oracles Federal electronic health records EHR system experienced a nationwide outage that impacted NOAA, the US Coast Guard, the Departmen

On 4 March, Oracles Federal electronic health records EHR system experienced a nationwide outage that impacted NOAA, the US Coast Guard, the Department of Defence, and Veterans Affairs VA hospitals. Due to software freezes and access problems, six VA medical institutions were forced to switch back to backup plans during the 0837–1405 ET outage. Oracle is looking into the failure by starting a rootcause analysis. Despite the inconvenience, the VA is still dedicated to the Oracle EHR system and intends to roll it out to nine additional healthcare locations in 2026. To ensure a more seamless implementation, VA Secretary Doug Collins stressed the importance of an integrated medical records system and promised to prioritise healthcare providers input. Read More..

B2B Tech News | 17 days ago          

Manus AI Agent Enters InviteOnly Preview, Promising Advanced Automation

With its strong automation capabilities, Manus, a new AI agent from Chinese firm Monica, has entered an inviteonly preview. Unlike traditional AI writ

With its strong automation capabilities, Manus, a new AI agent from Chinese firm Monica, has entered an inviteonly preview. Unlike traditional AI writers, Manus handles activities like stock analysis, database management, and travel planning by automating workflows. Some users commend its capabilities, while others complain about crashes and fundamental task failures. Despite being a closedsource agent instead of an LLM, the AI tool has been compared to DeepSeek. Experts continue to express concerns about AI autonomy, pointing to possible decisionmaking errors and data security threats. Industry experts stress the need for strict governance and ethical monitoring as these technologies develop, even as Manus demonstrates the potential of agentic AI. Read More..

B2B Tech News | 17 days ago          

DuckDuckGo Introduces AIAssisted Answers with Full User Control

Users can now get AIgenerated summaries of their search queries thanks to DuckDuckGos AIassisted replies feature. Users of DuckDuckGo have more contro

Users can now get AIgenerated summaries of their search queries thanks to DuckDuckGos AIassisted replies feature. Users of DuckDuckGo have more control over the function than Googles AI Overviews, with the ability to change how frequently it appears or disable it altogether. Four settings are available to users Never, OnDemand, Sometimes, and Often. The AIassisted solutions gather realtime information to protect user privacy and guarantee that personal information is not disclosed to outside parties. A "Recent Chats" feature that saves conversations locally without sending data to other servers is another addition to DuckDuckGos AI chat service, Duck.ai, which now incorporates models like OpenAIs GPT4o mini and Metas Llama 3.3. Read More..

B2B Tech News | 17 days ago          

Foxconn Unveils “FoxBrain,” Its First Large Language Model for Manufacturing

The first significant language model, "FoxBrain," was introduced by Taiwans Foxconn to enhance supply chain and industrial management. Based on Metas

The first significant language model, "FoxBrain," was introduced by Taiwans Foxconn to enhance supply chain and industrial management. Based on Metas Llama 3.1 architecture, FoxBrain was trained over four weeks on 120 Nvidia H100 GPUs tailored for Taiwanese and traditional Chinese language usage. Although it lags a little behind Chinas DeepSeek approach, Foxconn says its performance is on par with toptier standards. FoxBrain facilitates data analysis, decisionmaking, document collaboration, mathematics, reasoning, and code production and was first developed for internal usage. Foxconn intends to increase applications through partnerships, and training was aided by Nvidias Taiwanbased supercomputer "Taipei1." Nvidias GTC conference in midMarch will provide more information. Read More..

B2B Tech News | 17 days ago          

Social Media Platform X Hit by Cyberattack, Musk Suggests NationState Involvement

Elon Musk blamed a massive hack, potentially including a nationstate or a coordinated group, for Mondays sporadic failures on the social networking si

Elon Musk blamed a massive hack, potentially including a nationstate or a coordinated group, for Mondays sporadic failures on the social networking site X. According to Downdetector, around 10 A.M. ET, 39,021 customers in the US experienced peak disruptions by 5 P.M., that number had decreased to just 1,500. An internet infrastructure source confirmed multiple waves of denialofservice DoS attacks hitting X from different worldwide IP addresses, refuting Musks assertion that the attacks originated in Ukraine. Cybersecurity experts challenged Musks claim that tiny organisations frequently carry out DoS assaults. Musks remarks align with his previous roles as an adviser to former US President Donald Trump and his continuous condemnation of Ukraine. Read More..

B2B Tech News | 17 days ago          



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