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Schneider Electric Teams Up with Nvidia to Revolutionize AI Data Center Cooling

Nvidia and Schneider Electric are working together to create cooling solutions for data centres with artificial intelligence of the future. With 72 hi

Nvidia and Schneider Electric are working together to create cooling solutions for data centres with artificial intelligence of the future. With 72 highperformance AI chips that need up to 132 kilowatts of power per server rack, these architectures will support Nvidias forthcoming flagship servers. The most sophisticated servers will require liquid cooling, so Schneider is creating scalable cooling solutions suited to Nvidias systems power requirements. Customers of data centres and cloud computing companies will be the target market for these products. This collaboration complements Schneiders AI data centre growth initiatives, including a $3 billion agreement with Compass Datacenters for the fiveyear supply of electrical equipment. This discovery demonstrates how AIdriven enterprises are placing more emphasis on energyefficient infrastructure. Read More..

B2B Tech News | 16 days ago          

Qatar Announces £1 Billion Investment in UK Climate Technology During Emir’s State Visit

A portion of the £1 billion $1.3 billion Qatar intends to invest in climate technologies in the UK will go to engineering company RollsRoyce to suppo

A portion of the £1 billion $1.3 billion Qatar intends to invest in climate technologies in the UK will go to engineering company RollsRoyce to support its energy transition projects. This news was made as Qatari Emir Sheikh Tamim bin Hamad Al Thani was in Britain on a state visit. He is scheduled to meet with Prime Minister Keir Starmer. The initiative intends to build climate technology hubs and generate thousands of employment in both nations, emphasising improvements in carbon management, renewable fuels, and energy efficiency. Lower carbon technologies are crucial for facilitating the energy transition, according to RollsRoyce CEO Tufan Erginbilgic. Notable properties like the Canary Wharf and the Shard are among the Qatari Investment Authoritys substantial investments in the UK. Read More..

B2B Tech News | 16 days ago          

President Biden Makes Historic First Visit to Angola, Strengthening U.S.Angola Relations

The first time a sitting U.S. president visited Angola was Tuesday when U.S. President Joe Biden met with Angolan President João Lourenço in Luanda.

The first time a sitting U.S. president visited Angola was Tuesday when U.S. President Joe Biden met with Angolan President João Lourenço in Luanda. During their discussions, Biden highlighted a $3 billion U.S. investment in the Lobito Corridor railway redevelopment project. He expressed satisfaction with the two countries Cold Warera alliance. By improving raw material transit between Angola, Zambia, and Congo, this corridor seeks to offset Chinas regional influence. Like Chinas Belt and Road plan, the railway project supports U.S. efforts to improve African infrastructure and trade. To recognise the historical ties between the two countries and talk about potential future collaboration, Biden will also stop by Angolas National Slavery Museum. Read More..

B2B Tech News | 16 days ago          

Barclays Agrees to $19.5 Million Settlement in Manhattan Securities Fraud Lawsuit

A Manhattan securities fraud case against Barclays has been settled for $19.5 million. The shareholders claimed that the bank had misled them about it

A Manhattan securities fraud case against Barclays has been settled for $19.5 million. The shareholders claimed that the bank had misled them about its adherence to regulatory requirements. The case was brought after Barclays acknowledged in March 2022 that it had sold $15.2 billion more in structured and exchangetraded notes than the $20.8 billion U.S. regulators approved, including an additional $17.7 billion. According to shareholders, relying on Barclays guarantees about its internal controls and regulatory compliance led to losses. The tentative settlement was submitted to a federal court and needs U.S. District Judge Katherine Polk Faillas permission. Barclays still disputes any misconduct regarding compensation. Read More..

B2B Tech News | 16 days ago          

BlackRock Acquires HPS Investment Partners for $12 Billion in Strategic Move to Expand Private Credit Portfolio

BlackRock announced that it will acquire private credit company HPS Investment Partners for about $12 billion in an allstock transaction to increase i

BlackRock announced that it will acquire private credit company HPS Investment Partners for about $12 billion in an allstock transaction to increase its footprint in the quickly expanding private credit sector. Nonbank lending has increased due to tighter rules imposed on regular banks by 2029, private credit is predicted to reach $2.6 trillion. The transaction will create a comprehensive private credit franchise worth about $220 billion by combining BlackRocks current $85 billion private credit platform with HPSs $148 billion assets under management. This action is a component of BlackRocks larger plan to strengthen its alternative asset management skills and increase chances for feegenerating in the face of growing competition in the private credit market. Read More..

B2B Tech News | 16 days ago          

Chile to Invest $83.18 Billion in Mining Projects from 2024 to 2033, Cochilco Study Reveals

Research by the staterun organisation Cochilco estimates that Chile will invest about $83.18 billion between 2024 and 2033, a 27% increase over last y

Research by the staterun organisation Cochilco estimates that Chile will invest about $83.18 billion between 2024 and 2033, a 27% increase over last years estimates. Fiftyone projects in Chile, the worlds most significant producer of copper and the secondlargest producer of lithium, which are necessary for rechargeable batteries, are detailed in the report, which is scheduled to be presented on Wednesday. Interestingly, this amount does not include BHPs newly revealed $14 billion expansion plan for projects like Escondida, the worlds largest copper mine, which could raise total investments to nearly $100 billion. The increase is primarily due to 11 new projects totalling around $15.66 billion, with over 52% of the entire budget, or $42.96 billion, allocated to projects scheduled for 2024–2026. Read More..

B2B Tech News | 16 days ago          

Wipro Partners with Netskope to Launch CyberTransform Optimization Service for Enhanced Cybersecurity

Wipro Limited and Netskope have teamed up to provide a comprehensive cybersecurity service that maximizes and improves the return on technology invest

Wipro Limited and Netskope have teamed up to provide a comprehensive cybersecurity service that maximizes and improves the return on technology investments. Powered by Netskope, the CyberTransform Optimisation Service assesses an organizations cybersecurity frameworks, offers consolidation suggestions, and finds economical ways to improve business performance. Utilizing Netskopes Valueskope platform for financial analysis and Wipros Automated Regulatory Compliance ArC for regulatory change tracking, the service assists businesses in comprehending the productivity and economic advantages of Secure Access Service Edge SASE transitions. Through this partnership, clients will be better equipped to make decisions that match their infrastructure and cybersecurity plans with their overall business goals, spurring innovation and enhancing performance results in a quickly changing digital environment. Read More..

B2B Tech News | 16 days ago          

Amazon Unveils “Nova” AI Models, Targeting Text, Image, and Video Generation at AWS Conference

During the AWS annual conference, Amazon presented its "Nova" AI foundation models, aiming to compete with Adobe, Meta, and other companies in text, p

During the AWS annual conference, Amazon presented its "Nova" AI foundation models, aiming to compete with Adobe, Meta, and other companies in text, picture, and video generation applications. CEO Andy Jassy emphasised customer requests for reduced prices, improved latency, and finetuning capabilities. Some products include Canvas, which makes images from text prompts and adds watermarking to guard against abuse, and Nova Reel, which makes sixsecond videos from text or pictures with longer videos on the horizon. Amazon also plans to incorporate multimodal features for audio, photos, video, and text in its upcoming models. Additionally, a redesigned AIpowered Alexa, codenamed "Banyan," is anticipated shortly, signalling Amazons increased investment in AI to outperform rivals and fix earlier setbacks. Read More..

B2B Tech News | 16 days ago          



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