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Reddit Aims for $6.4 Billion Valuation in U.S. IPO, Targeting $748 Million Raise

Reddit plans to sell around 22 million shares between $31 and $34 apiece to fund up to $748 million for its U.S. Initial Public Offering IPO, with a v

Reddit plans to sell around 22 million shares between $31 and $34 apiece to fund up to $748 million for its U.S. Initial Public Offering IPO, with a valuation of up to $6.4 billion. Even with the lofty valuation, it is less than the $10 billion that Reddits 2021 financing brought in. Reddit was established in 2005 and today has 100,000 "subreddits," or forums, where users may debate a wide range of subjects. Reddit, which gained notoriety in 2021 for its "memestock" controversy, has set aside 8% of its shares for moderators and qualified users due to possible market volatility. Despite having a substantial user base of 73.1 million daily active "uniques," Reddits IPO is being closely watched due to concerns over content control and financial difficulties. Read More..

B2B Tech News | 16 days ago          

Bitcoin Surges to Record High Above $72,000 Amidst ETF Inflows

Monday saw Bitcoin reach a record high above $72,000, continuing its unstoppable ascent. The cryptocurrencys price increased 4.4% to $72,649 from its

Monday saw Bitcoin reach a record high above $72,000, continuing its unstoppable ascent. The cryptocurrencys price increased 4.4% to $72,649 from its peak of $72,739. This spike is linked to anticipation of a possible Federal Reserve interest rate decrease and a rush of money into brandnew spot bitcoin exchangetraded funds. Bitfinex analysts highlighted the markets ongoing confidence and demand by pointing out Bitcoins power and endurance. Despite a modest slowdown, capital flows into U.S. spot bitcoin exchangetraded funds hit around $2 billion. The price increase is also fueled by anticipation of Bitcoins impending halving event in April, which will restrict supply. Asset managers are seeing a rise in demand for digital asset trading instruments, such as exchangetraded notes backed by cryptocurrency, despite regulatory worries holding a record bullish position in bitcoin futures. Other cryptocurrencies, like Ether, also saw gains, driven by speculation of potential approval for spot E Read More..

B2B Tech News | 16 days ago          

Meta Sues Former VP for Alleged Theft of Confidential Documents

Meta, the old name of Facebook, has filed a lawsuit against Dipinder Singh Khurana, its former vice president, alleging that he betrayed the firm by a

Meta, the old name of Facebook, has filed a lawsuit against Dipinder Singh Khurana, its former vice president, alleging that he betrayed the firm by allegedly stealing sensitive papers and joining an unnamed AI cloud computing startup. Khurana, who worked at Meta for 12 years and was promoted to vice president of infrastructure, is charged with stealing confidential papers and storing them on his personal Dropbox and Google Drive accounts just before he left the company. According to Meta, at least eight of the workers mentioned in the stolen records later joined Khuranas new company. The case, submitted to a state court in California, claims breach of contract and emphasises Metas dedication to maintaining personal data privacy. Read More..

B2B Tech News | 16 days ago          

Qualcomm Teases Unveiling of NextGen Chipset at March 18 Event

A March 18 event has been announced by Qualcomm, which suggests that a groundbreaking chipset—possibly the Snapdragon 8s Gen 3—will be unveiled. T

A March 18 event has been announced by Qualcomm, which suggests that a groundbreaking chipset—possibly the Snapdragon 8s Gen 3—will be unveiled. This miracle, created by TSMC using stateoftheart 4nm technology, has an Adreno 735 GPU running at 900 MHz and a powerful CPU core clocked at 2.9 GHz. Anticipated is the Snapdragon 7+ Gen 3, which rumours indicate may make its debut in the OnePlus Ace 3V. On the latter, devotees anxiously await more information, but few details remain. The IT community is buzzing over Qualcomms announcement, which is paving the way for the release of cuttingedge mobile processing solutions. Read More..

B2B Tech News | 16 days ago          

Cashfree Payments Launches Indias First PlatformCentric Payment Solution for Software Platforms

Embedded Payments, the countrys first platformcentric payment solution for software platforms, has been introduced by Cashfree Payments, a wellknown p

Embedded Payments, the countrys first platformcentric payment solution for software platforms, has been introduced by Cashfree Payments, a wellknown payments and API banking company in India. With the help of this cuttingedge solution, software platforms, such as ERPs, CRMs, and SaaS, can now give organisations smooth payment experiences that streamline operations and promote development. Platforms may improve user experience by doing away with external redirection and allowing end users to make payments directly within the platform by incorporating Embedded Payments. In addition, the system provides various payment options, guarantees adherence to RBI regulations, and streamlines postpayment procedures. With the support of SBI and alliances with significant platforms, Cashfree Payments is still at the forefront of transforming the payment landscape in India. Read More..

B2B Tech News | 16 days ago          

Snowflake and Mistral AI Forge Partnership to Empower Data Cloud with Advanced Language Models

Through their partnership, Mistral AIs robust Large Language Models LLMs are now available to Snowflake clients directly in the Data Cloud. The fact t

Through their partnership, Mistral AIs robust Large Language Models LLMs are now available to Snowflake clients directly in the Data Cloud. The fact that Snowflake invested in Mistrals Series A highlights its dedication to providing innovative AI solutions. Customers can use Mistral Large, the companys flagship LLM, in addition to smaller models, including Mixtral 8x7B and Mistral 7B, which expands the possibilities of Snowflake Cortex. Businesses may safely create AI applications and speed analytics through this partnership without compromising data governance. Snowflake and Mistral AI CEOs, respectively, underline their shared goal of democratising AI. At the same time, Sridhar Ramaswamy underscores the partnerships revolutionary potential. Snowflakes commitment to supporting ethical AI innovation for the technology community is further evidenced by its participation in the AI Alliance. Read More..

B2B Tech News | 16 days ago          

France Faces Unprecedented Cyber Attacks on Government Departments

Computer assaults of "unprecedented intensity" have reportedly targeted many French government offices, according to reports from the French news agen

Computer assaults of "unprecedented intensity" have reportedly targeted many French government offices, according to reports from the French news agencies AFP and BFM TV. According to a government source, there is presently no sign of Russian participation in the assaults, which have been ongoing since Sunday and have attacked many government agencies. As of right now, there have been no reported interruptions to government services despite the attacks. Read More..

B2B Tech News | 16 days ago          

Japan Bolsters LNG Supply with Investments in Australia, U.S. Projects

As contracts with major LNG suppliers, such as Russia, end, Japan is bolstering its longterm supply by funding projects in Australia and the US. The l

As contracts with major LNG suppliers, such as Russia, end, Japan is bolstering its longterm supply by funding projects in Australia and the US. The largest power generator in Japan, JERA, has purchased a share in Woodside Energys Scarborough project, underscoring attempts to find dependable supplies in the face of global unrest. Japanese utilities aggressively seek collaborations, stressing supply dependability from allies, despite political problems like increased emissions regulations in Australia and restrictions on US LNG export licences. This move underscores a strategic shift in Japans LNG purchase policy. It is consistent with growing collaboration among G7 nations in the wake of Russias invasion of Ukraine over energy security. Read More..

B2B Tech News | 17 days ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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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.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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