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Nepal Signs New Framework Agreement with China on Belt and Road Initiative

After a failed original deal seven years ago, Nepal has inked a framework agreement with China on the Belt and Road Initiative. The agreement, which N

After a failed original deal seven years ago, Nepal has inked a framework agreement with China on the Belt and Road Initiative. The agreement, which Nepals foreign ministry announced, is anticipated to make collaborating easier on several projects, such as transit corridors and road improvements. During his first international trip since assuming office, Prime Minister K.P. Sharma Oli, now in Beijing, emphasised the significance of this agreement. Even while the deal opens the door for future improvements, Olis coalition government has expressed concerns about debt, especially from the Nepali Congress party, which is against loanfinanced projects. In the past, China gave Nepal a $216 million loan for a Pokhara International Airport with operating issues. Read More..

B2B Tech News | 16 days ago          

Biden Commits $600 Million for Lobito Corridor Railway Project in Africa

"Africa has been left behind for too long," said President Joe Biden, who pledged an additional $600 million for the Lobito Corridor railway project d

"Africa has been left behind for too long," said President Joe Biden, who pledged an additional $600 million for the Lobito Corridor railway project during his trip to subSaharan Africa. Biden highlighted the U.S. commitment to restoring 800 miles of rail across Zambia, Congo, and Angola, highlighting the projects potential to strengthen U.S. influence in an area abundant in vital minerals for renewable energy and electric vehicles. He said the route can revolutionise transportation times and help the area become a food exporter, calling it a "game changer." The Lobito Corridor, expected to generate tremendous economic advantages and employment development for the area, is considered the most significant American railway project overseas, with a total U.S. investment of $4 billion. Read More..

B2B Tech News | 16 days ago          

Meta Plans $10 Billion Investment in New AI Data Center in Louisiana

Meta Platforms announced intentions to invest $10 billion in a new AI data centre in Louisiana to expand its data centre globally. The Hyperscaler dat

Meta Platforms announced intentions to invest $10 billion in a new AI data centre in Louisiana to expand its data centre globally. The Hyperscaler data centre in Richland Parish is intended to serve digital infrastructure, especially tasks related to artificial intelligence, by handling enormous volumes of data. The announcement comes after Meta requested ideas from nuclear power developers to assist in meeting its environmental and AI goals, including increasing U.S. atomic energy capacity by 1 to 4 gigawatts in the early 2030s. Meta and Entergy will work to ensure that the centres energy needs are met and that its electricity consumption aligns with renewable energy sources. Site preparation for the data centre is anticipated to start in December and proceed until 2030. Read More..

B2B Tech News | 16 days ago          

Woodside Energy Signs EPC Contract with Bechtel for Louisiana LNG Project

Woodside Energy Group and the U.S. company Bechtel signed a contract for engineering, procurement, and construction on Thursday with their Louisiana l

Woodside Energy Group and the U.S. company Bechtel signed a contract for engineering, procurement, and construction on Thursday with their Louisiana liquefied natural gas. Three manufacturing trains totalling 16.5 million tonnes per year will have their foundations developed with the help of this EPC contract. With total planned expenditures from December through the first quarter of 2025 estimated at up to $1.3 billion, Woodside intends to make a final investment decision FID by then. According to previous projections, the foundation development will cost between $900 and $960 per tonne of LNG. This aligns with Woodsides $1.2 billion purchase of developer Tellurian Inc. in October. The project is approved for a 27.6 million tonne yearly capacity. Read More..

B2B Tech News | 16 days ago          

Mphasis Unveils Cyber Fusion Center in Bangalore for 24/7 Threat Detection

Mphasis has opened a new Cyber Fusion Centre for clients worldwide in Bangalore, India, offering roundtheclock sophisticated threat detection, inciden

Mphasis has opened a new Cyber Fusion Centre for clients worldwide in Bangalore, India, offering roundtheclock sophisticated threat detection, incident response, and ongoing monitoring. The centre increases cybersecurity by providing breach simulations, threat hunting, forensic investigation, and proactive risk mitigation through AI, ML, and automation. It decreases attack surfaces by 45%, increases supply chain breach reaction times by 50%, and boosts threat response effectiveness by 60%. The centre guarantees thorough visibility across IT and OT platforms by tackling issues like insider threats and mutable threats. Cybersecurity innovation is further supported by Mphasiss NEXT Labs Quantum Initiative, which enables organisations to upgrade their defences and move to quantum technology. Mphasis is dedicated to providing AIdriven, gamechanging cybersecurity solutions, CEO Nitin Rakesh underlined. Read More..

B2B Tech News | 16 days ago          

Salt Typhoon Campaign Targets Major U.S. Telecom Firms in Cyberespionage Effort

The Chinese hacking collective "Salt Typhoon" has been exposed by the United States for its cyberespionage effort, which involved breaking into at lea

The Chinese hacking collective "Salt Typhoon" has been exposed by the United States for its cyberespionage effort, which involved breaking into at least eight U.S. telecom companies, including Verizon, AT&T, and TMobile, and stealing metadata from countless Americans. Although call content was not accessed, stolen metadata, like call duration, recipients, and locations, might provide intimate details about a persons life. Audio intercepts over the phone were also allegedly corrupted in certain instances. Addressing the hack has been a top priority for the White House, and President Biden has been briefed several times. The threat was emphasised by a classified Senate meeting that included the FBI and FCC. This hack emphasises how urgently telecommunications cybersecurity needs to be improved to safeguard vital infrastructure and stop future abuse. Read More..

B2B Tech News | 16 days ago          

Citigroup Rolls Out AI Tools for 140,000 Employees Across Eight Countries

Citigroup has introduced new AI capabilities for 140,000 workers in eight countries to increase efficiency and streamline processes. "Citi Stylus" ena

Citigroup has introduced new AI capabilities for 140,000 workers in eight countries to increase efficiency and streamline processes. "Citi Stylus" enables the simultaneous summarization, comparison, and search of many documents. At the same time, "Citi Assist" functions as an intelligent coworker, guiding staff members through internal policies across HR, risk, compliance, and finance. First made available in the United States, Canada, Hungary, India, Ireland, Poland, Singapore, and the United Kingdom, the tools will eventually be available worldwide. Based on staff input and user experiences, Citi intends to improve the tools. The deployment of AI differs from continuous initiatives to enhance data quality and adherence to regulations. With this action, Citi joins rivals like Bank of America and Morgan Stanley, which employ AI for specialized tasks. Read More..

B2B Tech News | 16 days ago          

Elon Musk’s xAI to Build World’s Largest GPU Cluster for AI Chatbot Grok

Elon Musks artificial intelligence business, xAI, intends to scale its Colossus supercomputer in Memphis from 100,000 to more than 1 million GPUs to t

Elon Musks artificial intelligence business, xAI, intends to scale its Colossus supercomputer in Memphis from 100,000 to more than 1 million GPUs to train its AI chatbot, Grok. This is a significant development in xAIs fight against competitors such as OpenAI. Super Micro and Dell will assemble the servers, while Nvidia will provide the GPUs. Additionally, the expansion will bring these businesses to Memphis for new operations. However, the project has come under environmental investigation due to energy consumption issues and claims of possible unauthorised usage of gas turbines for power. The action highlights the adverse effects of massive AI infrastructure on the environment and demonstrates Musks determined efforts to oppose OpenAI. Read More..

B2B Tech News | 16 days ago          



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