Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

HEADLINES

HSBC Investors Back Management’s Decision to Streamline Investment Banking Segments

Even if U.S. President Donald Trumps deregulation strategy is expected to boost capital market activity, HSBC investors support managements decision t

Even if U.S. President Donald Trumps deregulation strategy is expected to boost capital market activity, HSBC investors support managements decision to liquidate some of its investment banks segments. Dismantling HSBCs mergers and equities capital markets teams in the Americas and Europe aligns with the banks concentration on its core Asian markets, according to four shareholders, two of whom are among the largest. Amid global trade concerns, mainly as U.S. tariffs affect trade financing providers, CEO George Elhedery is pressured to direct group money to locations with better trading prospects. At the presentation of the fullyear results on 21 February, Elhedery is anticipated to provide additional details about his plan and costcutting initiatives, estimated to be between £1.2 billion and £3 billion. Read More..

B2B Tech News | 5 months ago          

Nokia Set for Unconditional EU Antitrust Clearance on $2.3 Billion Infinera Acquisition

According to individuals familiar with the matter, Nokia is expected to obtain unconditional EU antitrust clearance for its $2.3 billion acquisition o

According to individuals familiar with the matter, Nokia is expected to obtain unconditional EU antitrust clearance for its $2.3 billion acquisition of Infinera, a U.S. provider of networking equipment and optical semiconductors. The acquisition, announced in June, would make Nokia the secondlargest provider in the optical networking sector, with a 20% market share, behind Huawei. With the agreement, Nokia can increase its equipment sales to big tech companies like Microsoft, Amazon, and Alphabet, which are investing in data centres to support the AI boom. According to its last financial report, Nokia expects to close the purchase in the first quarter of this year. At the same time, the European Commission is scheduled to wrap up its preliminary investigation by 26 February. Read More..

B2B Tech News | 5 months ago          

Goldman Sachs Raises Target Price for Chinese Stocks, Citing AI Adoption as Growth Catalyst

Goldman Sachs has lifted its target price for Chinese stocks because it believes that the growing use of AI will boost earnings and draw in $200 billi

Goldman Sachs has lifted its target price for Chinese stocks because it believes that the growing use of AI will boost earnings and draw in $200 billion. The company emphasised how investor excitement over DeepSeeks AI developments contributed to the recent surge in Chinese tech equities, which saw their longest winning run in over two years. Goldman Sachs thus lifted its price objective for MSCI China from 75 to 85 and its 12month aim for the CSI300 index from 4,600 to 4,700. The most recent value of the bluechip CSI300 index was 3,954, indicating continued investor interest in Chinas technology industry and its potential for expansion due to advancements in artificial intelligence. Read More..

B2B Tech News | 5 months ago          

Builder.ai Partners with CyberArk to Enhance Identity Security in MultiCloud Environment

Builder.ai, an AIpowered software development platform, has selected CyberArk to protect developer and employee identities throughout its multicloud e

Builder.ai, an AIpowered software development platform, has selected CyberArk to protect developer and employee identities throughout its multicloud environment. CyberArks Identity Security Platform will automate access with Zero Standing Privileges for cloud security and privileged controls, protecting 2,500 internal users. Known for its Legolike approach to software, Builder.ai seeks to protect sensitive data while streamlining access. James Kelly, Builder.ais Global Head of Platform Support, stressed that this collaboration will improve security without sacrificing creativity. Matt Cohen, CEO of CyberArk, emphasised that a contemporary identity security strategy is required in AIdriven cloud environments. Builder.ais dedication to secure software development is strengthened by this partnership, which guarantees enterpriselevel protection for users and assets. Read More..

B2B Tech News | 5 months ago          

OpenAI Nears Completion of First AI Chip, Mass Production by 2026

Large tech companies like Google, Microsoft, and Meta are creating their own AI processors to lessen their dependency on Nvidia, and OpenAI is doing t

Large tech companies like Google, Microsoft, and Meta are creating their own AI processors to lessen their dependency on Nvidia, and OpenAI is doing the same. According to Reuters, OpenAI is nearing completion of its first AI chip, with TSMC handling fabrication and mass production anticipated by 2026. Forty engineers are working on a chip that can perform functions like inference and training as part of a $500 million initiative headed by Richard Ho. It will be used primarily to run AI models at first and on a small scale. It is believed that OpenAI made this move to improve talks with Nvidia. Built using TSMCs 3nm technology, the chip has improved networking and HBM. Read More..

B2B Tech News | 5 months ago          

Zacks Investment Research Suffers Cyberattack, Data of 12M Users Exposed

According to reports, a cyberattack hit Zacks Investment Research, exposing 12 million peoples private information, including phone numbers, email add

According to reports, a cyberattack hit Zacks Investment Research, exposing 12 million peoples private information, including phone numbers, email addresses, postal addresses, and names. Zacks active directory was allegedly accessed in June 2024 by a hacker who took data and source code from 17 assets. Allegedly, the pilfered material is being offered on underground forums for cryptocurrencies. Noting that 93% of the emails were previously made public in earlier attacks, Have I Been Pwned? has added the breach to its database. In 2023, 8.8 million users data was compromised, while in 2022, 820,000 Zacks Elite clients data was compromised. The business has not answered any questions about the most recent security problem. Read More..

B2B Tech News | 5 months ago          

IndiaAI Compute Portal Set to Launch, Offering Subsidized GPU Access

In the days ahead, the Indian government will launch the IndiaAI Compute Portal, enabling state and central governments to request compute capacity at

In the days ahead, the Indian government will launch the IndiaAI Compute Portal, enabling state and central governments to request compute capacity at discounted rates, covering 40% of computing costs for qualified users. AWS 1,200 GPUs and Yotta Data Services 9,216 GPUs will get most of the 14,000 GPUs planned for shared computing as part of the IndiaAI Mission. Jio Platforms will provide 104 AMD MI300X and 208 Nvidia H200 GPUs, with additional bids planned. This program seeks to strengthen Indias AI research and startup environment, putting it against Chinas DeepSeek AI in building domestic AI models, given that 70% of GPUs are highend, such as the Nvidia H100. Read More..

B2B Tech News | 5 months ago          

Perplexity AI Unveils ‘Deep Research’ to Deliver InDepth Reports in Minutes

Under the direction of Aravind Srinivas, Perplexity AI has introduced Deep Research, an AI tool that can perform indepth research and analysis in thre

Under the direction of Aravind Srinivas, Perplexity AI has introduced Deep Research, an AI tool that can perform indepth research and analysis in three minutes, saving users hours. Deep Research competes with Google and OpenAI, conducts dozens of searches, examines hundreds of sources, and produces indepth reports that can be shared online or downloaded as PDFs. While free users have restricted access, Perplexity Pro users receive 500 queries daily. The tool, which is now accessible on Perplexitys website, will soon be made available on Mac, iOS, and Android applications. Perplexity asserts that its technology is faster and less expensive than OpenAI, Googles Gemini, and other AI rivals, even if ChatGPT Deep Research has a higher accuracy rating. Read More..

B2B Tech News | 5 months ago          



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   8731   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   7241   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   7594   

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.
   7698   

5.  Approximately 8 billion gadgets connect on the internet every day.
   8869   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.