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Kenya Seeks New IMF Lending Program to Address Fiscal Challenges

Kenya has applied for a new IMF credit programme to employ unused cash from its current arrangement, which both parties decided to terminate early owi

Kenya has applied for a new IMF credit programme to employ unused cash from its current arrangement, which both parties decided to terminate early owing to time restrictions. John Mbadi, the finance minister, denied rumours of problems with the IMF by clarifying that the decision was not the result of unmet targets. Out of the $3.6 billion Extended Credit Facility and Extended Fund Facility, almost $800 million is still unused. A successor programme is being discussed and is anticipated to be launched in July of the following fiscal year. The IMF recognises stronger economic fundamentals in Kenya as the government seeks to address budgetary issues and rising debtservicing costs. This action demonstrates Kenyas attempts to maintain monetary stability in financial strain. Read More..

B2B Tech News | 11 days ago          

Xiaomi Raises $5.27 Billion to Accelerate Business Expansion and Innovation

At a price range of HK$52.80 to HK$54.60, Xiaomi Corporation of China is selling 750 million Class B shares to raise $5.27 billion through a topup pla

At a price range of HK$52.80 to HK$54.60, Xiaomi Corporation of China is selling 750 million Class B shares to raise $5.27 billion through a topup placement. The closing price of HK$57 for the company is discounted by 4.27.4%. General company reasons, research and technology development, and commercial expansion will all receive the funding. Xiaomis strategic efforts to diversify and bolster its market position are demonstrated by this decision, which comes after the company entered into the electric vehicle manufacturing industry last year. Given Xiaomis aggressive expansion goals, the placement represents one of the most significant share sales in Hong Kong in recent years. Read More..

B2B Tech News | 11 days ago          

Apple Invests $99 Million to Boost Clean Energy in China

Apple has declared that it will invest $99 million to increase Chinas sustainable energy capability. This programme is a component of Apples pledge to

Apple has declared that it will invest $99 million to increase Chinas sustainable energy capability. This programme is a component of Apples pledge to switch its supply chain to entirely renewable energy by 2030, which also happens to coincide with CEO Tim Cooks trip to Beijing. Building on the success of the first China Clean Energy Fund, which was introduced in 2018, the fund seeks to supply Chinas grid with 550,000 megawatthours of wind and solar electricity per year. In order to promote innovation and sustainability, Apple COO Jeff Williams emphasised the companys partnership with Chinese suppliers. This action demonstrates Apples commitment to environmental advancement and its position as a pioneer in green manufacturing. Read More..

B2B Tech News | 11 days ago          

ChatGPT Outage Disrupts Thousands of Users Across the US and UK

On March 24, 2025, ChatGPT went through a major outage that impacted thousands of users, mainly in the US and the UK. Several models, such as the 4o a

On March 24, 2025, ChatGPT went through a major outage that impacted thousands of users, mainly in the US and the UK. Several models, such as the 4o and 03mini, were reported to have problems, with users receiving error messages such as "upstream connect error" and "gateway timeout". The outage lasted for several hours and started at roughly 9 AM ET. As of right now, OpenAI has not made an official announcement on what caused the interruption. The difficulties in preserving stability for popular AI platforms are brought to light by this incident. Read More..

B2B Tech News | 11 days ago          

Coinbase Thwarts Targeted Supply Chain Attack on GitHub

Coinbase successfully repelled a focused supply chain attack against GitHub. Exploiting flaws in GitHub Actions, the attackers targeted Coinbases open

Coinbase successfully repelled a focused supply chain attack against GitHub. Exploiting flaws in GitHub Actions, the attackers targeted Coinbases opensource project, "agentkit". They leaked private information by inserting malicious code into workflows. Despite the impact on 218 repositories, Coinbase reported no breaches or damage. Credentials and shortlived tokens for AWS and DockerHub were made public by the assault. Security experts commended Coinbase for acting quickly to stop the situation from worsening. This incident emphasises the significance of strong cybersecurity safeguards for opensource projects and the rising threats of supply chain attacks. To reduce such risks, developers are encouraged to examine processes, switch up secrets, and put stronger security measures in place. Read More..

B2B Tech News | 11 days ago          

Oracle Denies Data Breach Allegations Amid Hackers Claims of Stolen Records

Oracle has refuted allegations of a data breach following the hacker "rose87168," who claimed to have taken six million records from Oracles systems.

Oracle has refuted allegations of a data breach following the hacker "rose87168," who claimed to have taken six million records from Oracles systems. The hacker demanded ransom from the impacted companies and allegedly offered the material for sale, including confidential files and encrypted passwords. Oracle claimed there had been no compromise and that the disputed credentials had nothing to do with Oracle Cloud. An Oracle login system vulnerability that may have been connected to Oracle WebLogic Server is thought to have been exploited by the hacker. Although Oracle says its systems are safe, cybersecurity professionals suggest businesses reduce risks by enforcing multifactor authentication, updating passwords, and fortifying defences. This event highlights how crucial strong cybersecurity measures are. Read More..

B2B Tech News | 11 days ago          

Nvidia Unveils CosmosTransfer1 Revolutionizing SimulationBased Robotics Training

The CosmosTransfer1 AI model, which is intended for simulationbased robot and autonomous vehicle training, was introduced by Nvidia. This diffusionbas

The CosmosTransfer1 AI model, which is intended for simulationbased robot and autonomous vehicle training, was introduced by Nvidia. This diffusionbased conditional world model makes multimodal, controllable world generation possible, which provides finegrained simulation control. It can produce lifelike video outputs with seven billion parameters by supporting inputs, including edge detection, depth maps, and segmentation maps. The model bridges the gap between simulated and realworld settings by creating realistic surroundings in real time, improving training efficiency. CosmosTransfer1 is an opensource project that attempts to progress physical AI research by increasing the speed and versatility of robotics training. Nvidia intends to expand its capabilities by releasing a larger model with 14 billion parameters soon. A significant advancement in AIpowered robotics has been made with this invention. Read More..

B2B Tech News | 11 days ago          

Adobe Unveils AI Tools to Revolutionize Data Analysis and Visualization

Project Slide Wow, one of Adobes cuttingedge AIpowered enterprise products on display at Adobe Summit 2025, converts unprocessed data into PowerPoint

Project Slide Wow, one of Adobes cuttingedge AIpowered enterprise products on display at Adobe Summit 2025, converts unprocessed data into PowerPoint presentations with speaker notes, charts, and graphs. Other technologies, such as Project Perfect Context, examine outside influences on marketing initiatives, and Project Vision Cast creates product prototypes by fusing data analysis with brand images. These tools were designed to improve business and marketing workflows by making data analysis and visualisation easier. The method used by Adobe uses proprietary algorithms for accuracy and transparency rather than relying on huge language models. Despite their experimental nature, these technologies demonstrate Adobes dedication to developing AI for enterprise applications. Read More..

B2B Tech News | 11 days ago          



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