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Pony AI Shares Soar 15% in Nasdaq Debut, Valuing Company at $5.25 Billion

Initially listed on the Nasdaq at $15, Pony AIs shares jumped about 15% above their IPO price, reaching a valuation of $5.25 billion. Following the de

Initially listed on the Nasdaq at $15, Pony AIs shares jumped about 15% above their IPO price, reaching a valuation of $5.25 billion. Following the delisting of Didi Global and regulatory issues, the listing comes after a time of uncertainty for Chinese companies. CEO James Peng said the listing had been planned and was not impacted by the political situation. Despite obstacles in public image and competition from Tesla, Pony AI prioritises the Chinese market and intends to extend its robotaxi services globally in the upcoming years. Because of the IPO, the company raised $260 million. Read More..

B2B Tech News | 24 days ago          

RussiaIndia Bilateral Trade Surges to Record $66 Billion in 2024

According to a top Russian diplomat, in 2024, bilateral trade between Russia and India hit a record $66 billion, a fivefold rise over the previous fiv

According to a top Russian diplomat, in 2024, bilateral trade between Russia and India hit a record $66 billion, a fivefold rise over the previous five years. With talks on broadening trade and increasing investments across various industries, including technology, medicines, and railroads, the target of $100 billion in trade by 2030 seems doable. Maxim V. Kozlov, the Russian Consul General in Kolkata, highlighted the possibility for Indian companies to prosper in Russia once Western brands leave and the significance of strengthening collaboration in vital fields like artificial intelligence and robotics. Read More..

B2B Tech News | 24 days ago          

Brazil Proposes Income Tax Reforms Tax Breaks for Lower Earners, Hikes for Wealthy

Along with measures to reduce public spending, the Brazilian government has suggested raising taxes on higher earners and extending income tax exempti

Along with measures to reduce public spending, the Brazilian government has suggested raising taxes on higher earners and extending income tax exemptions for those with lower incomes in keeping with a campaign pledge made by President Lula da Silva, Finance Minister Fernando Haddad announced increasing the taxfree threshold to 5,000 reais $842 per month. However, market volatility resulted from the plan as the Brazilian real fell 1.8% and the Bovespa index fell 1.7%. Although Haddad presented a budget reduction plan that would save 70 billion reais $11.8 billion over two years, the governments economic policies are still up in the air. Read More..

B2B Tech News | 24 days ago          

Orange Secures MultiYear Partnership with OpenAI to Enhance AI Capabilities

With the announcement of a significant multiyear cooperation, Orange ORAN.PA is now the first European telecom provider to get direct access to OpenAI

With the announcement of a significant multiyear cooperation, Orange ORAN.PA is now the first European telecom provider to get direct access to OpenAIs prerelease AI models. Through this partnership, Oranges chief AI officer, Steve Jarrett, said the telecom behemoth could have a say in developing these models while guaranteeing that they are housed on safe European infrastructure. More than 50,000 Orange workers use OpenAIs technology at the moment. This collaboration comes after Orange recently signed a deal with Meta and OpenAI to translate regional African languages, improving its customer service skills and growing its offerings for government and educational institutions. Read More..

B2B Tech News | 24 days ago          

McAfee Uncovers SpyLoan Apps Exploiting 8 Million Android Users

Fifteen predatory loan apps, dubbed "SpyLoan," have been found by security firm McAfee on the Google Play Store and are installed on over 8 million An

Fifteen predatory loan apps, dubbed "SpyLoan," have been found by security firm McAfee on the Google Play Store and are installed on over 8 million Android smartphones. By abusing permissions, these applications gather and steal personal information, which is frequently encrypted and transmitted to command servers. They impersonate trustworthy apps but get over Googles security measures and trick users into signing up with phoney countdowns. According to victims, recovery agents have harassed them and threatened them with altered photos. In terms of cases, Mexico and the Philippines are next in line, behind India. It is recommended that users remove these apps directly and only use reliable sources. Read More..

B2B Tech News | 24 days ago          

TMobile Detects Cyberattack by ChineseLinked Group, Ensures Data Security

TMobile claimed that no sensitive customer data was obtained despite identifying recent hacking efforts that may have been connected to the Chinese cy

TMobile claimed that no sensitive customer data was obtained despite identifying recent hacking efforts that may have been connected to the Chinese cyber espionage outfit "Salt Typhoon." After determining the compromised network provider responsible for the attacks, TMobile removed it to stop more intrusions. The corporation has shared the discoveries with U.S. authorities. This comes after more widespread worries about cyberattacks with Chinese connections that target American telecom companies, such as AT&T and Verizon, and involve compromised communications and call log theft. TMobile stressed that its safeguards protected user information and services. Read More..

B2B Tech News | 24 days ago          

TMobile Detects Cyberattack by ChineseLinked Group, Ensures Data Security

TMobile claimed that no sensitive customer data was obtained despite identifying recent hacking efforts that may have been connected to the Chinese cy

TMobile claimed that no sensitive customer data was obtained despite identifying recent hacking efforts that may have been connected to the Chinese cyber espionage outfit "Salt Typhoon." After determining the compromised network provider responsible for the attacks, TMobile removed it to stop more intrusions. The corporation has shared the discoveries with U.S. authorities. This comes after more widespread worries about cyberattacks with Chinese connections that target American telecom companies, such as AT&T and Verizon, and involve compromised communications and call log theft. TMobile stressed that its safeguards protected user information and services. Read More..

B2B Tech News | 24 days ago          

TMobile Detects Cyberattack by ChineseLinked Group, Ensures Data Security

TMobile claimed that no sensitive customer data was obtained despite identifying recent hacking efforts that may have been connected to the Chinese cy

TMobile claimed that no sensitive customer data was obtained despite identifying recent hacking efforts that may have been connected to the Chinese cyber espionage outfit "Salt Typhoon." After determining the compromised network provider responsible for the attacks, TMobile removed it to stop more intrusions. The corporation has shared the discoveries with U.S. authorities. This comes after more widespread worries about cyberattacks with Chinese connections that target American telecom companies, such as AT&T and Verizon, and involve compromised communications and call log theft. TMobile stressed that its safeguards protected user information and services. Read More..

B2B Tech News | 24 days ago          



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Refresh Your Facts

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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