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AWS Announces $1.8 Billion Investment in Brazil to Expand Data Center Infrastructure

The cloud computing branch of Amazon, known as Amazon Web Services AWS, has revealed a significant investment of 10.1 billion reais $1.8 billion in Br

The cloud computing branch of Amazon, known as Amazon Web Services AWS, has revealed a significant investment of 10.1 billion reais $1.8 billion in Brazil until 2034 to improve its data centre infrastructure. This additional financing aims to develop, connect, grow, run, and maintain data centres around the nation. This pledge highlights AWSs continuous commitment to strengthening its position in the Latin American market and expands on its previous investment of 19.2 billion reais from 2011 to 2023. The expansion will enhance AWSs service capabilities in Brazil and meet the increasing demand. Read More..

B2B Tech News | 17 days ago          

India to Purchase $52.8 Million in US High Altitude AntiSubmarine Warfare Sonobuoys

A recent notification to the US Congress states that India is scheduled to acquire High Altitude AntiSubmarine Warfare HAASW sonobuoys from the US for

A recent notification to the US Congress states that India is scheduled to acquire High Altitude AntiSubmarine Warfare HAASW sonobuoys from the US for $52.8 million. With this procurement, India hopes to improve operations from its MH60R helicopters and strengthen its antisubmarine warfare capabilities. The equipment would promote both countries strategic and security goals and be easily incorporated into the Indian armed forces, according to assurances from the US Defence Security Cooperation Agency. The transaction is anticipated to boost regional stability in South Asia, the IndoPacific, and the USIndia defence alliance. The announcement also mentioned Indias importance as a defence partner and how the sale fits US foreign policy goals. Within 30 days, the Congress will consider the plan. Read More..

B2B Tech News | 17 days ago          

Taishin Financials Revised $7 Billion Offer for Shin Kong Financial Surpasses Previous Bids in Taiwan’s Biggest Financial Deal

The largest financial services merger in Taiwans history occurred due to Taishin Financial Holdings increase in its bid for Shin Kong Financial to T$2

The largest financial services merger in Taiwans history occurred due to Taishin Financial Holdings increase in its bid for Shin Kong Financial to T$222.4 billion $7 billion. Compared to CTBC Financials T$14.55 offer for a 51% holding, Shin Kong shares are now valued at T$14.18 apiece, a 25% rise from the prior offering. With its allshare agreement, Taishin hopes to strengthen its position and grow internationally by providing 0.672 ordinary and 0.175 preferred shares for every Shin Kong share. Shin Kong has stated that he prefers Taishin over CTBCs aggressive proposal. With assets of about T$8.3 trillion, the combined company would rank as Taiwans fourthbiggest financial institution with T$13.46 trillion, thanks to CTBCs proposal, it would become the largest. Read More..

B2B Tech News | 17 days ago          

OpenAI Seeks $11.5 Billion in New Funding to Reach $150 Billion Valuation

Aiming for a $150 billion value, OpenAI, the company behind ChatGPT, is reportedly in talks to obtain $6.5 billion in equity capital and an extra $5 b

Aiming for a $150 billion value, OpenAI, the company behind ChatGPT, is reportedly in talks to obtain $6.5 billion in equity capital and an extra $5 billion in debt. Compared to its prior tender offer valuation of $86 billion, this would represent a 74% rise. Thanks to its groundbreaking chatbot and significant support from Microsoft, OpenAI has risen quickly in the AI space. This fundraising round, which Thrive Capital purportedly leads, highlights this. With more and more wellknown businesses avoiding public markets out of fear of regulations and market volatility, this fresh financial injection will allow OpenAI to stay private for an extended period. The action demonstrates the increasing popularity of venture capital and private equity as IPO substitutes. Read More..

B2B Tech News | 17 days ago          

Indias Semiconductor Industry Takes Center Stage at SEMICON India 2024 with Major Global Exhibitors

With Prime Minister Narendra Modi presiding over the event, SEMICON India 2024, the regions most extensive semiconductor exhibition, began today at In

With Prime Minister Narendra Modi presiding over the event, SEMICON India 2024, the regions most extensive semiconductor exhibition, began today at India Exposition Mart Ltd. in Greater Noida. The event highlights Indias rising significance in the global semiconductor sector and is organised by SEMI, Messe München India, MeitY, India Semiconductor Mission ISM, and Digital India. Among the highlights is the introduction of SEMIs Workforce Development Program, which seeks to solve workforce shortages by collaborating with academic institutions to provide specialised programs. There are more than 250 exhibitors at SEMICON India, including wellknown international brands like Tata Electronics, Foxconn, and NXP. The event reaffirmed Indias goal to become a key participant in the semiconductor industry, highlighting developments in supply chain management, sustainability, and intelligent manufacturing. Read More..

B2B Tech News | 17 days ago          

Vonage and SAP SE Partner to Integrate Generative AI and NextGen Tech via API Platform

Utilising Vonages API platform and SAP Business AI, Ericsson subsidiary Vonage has teamed up with SAP SE to investigate generative AI and nextgenerati

Utilising Vonages API platform and SAP Business AI, Ericsson subsidiary Vonage has teamed up with SAP SE to investigate generative AI and nextgeneration technological applications. By enabling developers to construct corporate apps, the partnership seeks to accelerate digital transformation. To improve realtime experiences and fraud protection, Vonage will provide SAP access to APIs such as QualityonDemand QoD, Device Location, and Number Verification. Through this agreement, SAPs Business Technology Platforms immersive services will be used to enhance augmented reality training, data visualisation, and sustainability. This collaborative endeavour aims to transform business communication, consumer engagement, and decisionmaking processes by utilising network API integration and AIdriven advancements. Read More..

B2B Tech News | 17 days ago          

G42 Unveils "Nanda," a Hindi Large Language Model to Serve Over 500 Million Speakers

Microsoftbacked G42, an AI technology startup located in Abu Dhabi, has released Nanda, a new Hindi large language model LLM intended to meet Indias l

Microsoftbacked G42, an AI technology startup located in Abu Dhabi, has released Nanda, a new Hindi large language model LLM intended to meet Indias linguistic requirements. The model, which debuted at the UAEIndia Business Forum in Mumbai, was created in association with Cerebras Systems and MBZUAI. Over half a billion people may use Nanda, a multilingual generative AI model trained on 2.13 trillion tokens in Hindi, English, and Hinglish. Despite lacking particular use cases, Manu Kumar Jain, CEO of G42 India, highlighted the models potential to spearhead significant technical projects. This expands on G42s AI portfolio and comes after the companys earlier release of the ArabicEnglish LLM Jais. Read More..

B2B Tech News | 17 days ago          

Google Play Integrity API Adds "App Access Risk" to Protect Users from Malicious Apps

To assist developers in safeguarding consumers from malicious applications that can capture screen information or control device operations, Google ha

To assist developers in safeguarding consumers from malicious applications that can capture screen information or control device operations, Google has included a new feature dubbed "app access risk" to its Play Integrity API update. Introduced at Google I/O 2024, this feature enables developers to identify apps that can record displays or manipulate devices and prompt users to close these potentially dangerous apps. Play Protect monitors these apps, but verified accessibility apps dont get alerts. To protect user privacy, developers are prohibited from gathering appspecific data via the access risk feature. This feature, already in public testing, intends to improve security, particularly for critical apps like payment or banking. Read More..

B2B Tech News | 17 days ago          



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