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Salesforce to Acquire Own Company for $1.9 Billion, Strengthening Data Security and Privacy Offerings

The provider of data management and protection solutions, Own Company, will be acquired by Salesforce for a cash price of $1.9 billion. With growing w

The provider of data management and protection solutions, Own Company, will be acquired by Salesforce for a cash price of $1.9 billion. With growing worries over data loss from system malfunctions, human mistakes, and cyberattacks, this action attempts to strengthen Salesforces data security and privacy services. Without impacting Salesforces capital return plan or fiscal year 2025 estimate, the purchase, projected to finalise in Q4 of fiscal 2025, is expected to improve free cash flow starting in the second year. Own Company has formed relationships with Microsoft Dynamics 365 and ServiceNow and has previously garnered over $500 million from investors, including BlackRock, Salesforce Ventures, and Tiger Global. To improve its AIdriven products, Salesforce also recently decided to buy Tenyx. Read More..

B2B Tech News | 1 months ago          

Panasonic Energy Readies for Mass Production of 4680 EV Batteries at Renovated Wakayama Plant

The upgraded Panasonic Energy facility in Wakayama, Japan, is ready to produce its 4680 electric car batteries in large quantities. Improved EV drivin

The upgraded Panasonic Energy facility in Wakayama, Japan, is ready to produce its 4680 electric car batteries in large quantities. Improved EV driving range and fewer cells required per battery pack are the goals of the new 4680 cells, which have five times the capacity of the smaller 2170 batteries. With production commencing following automobile clients approval, the factory will play a pivotal role in manufacturing these cuttingedge batteries. In addition to housing 400 workers by March 2025, the facility will test manufacturing procedures that might be used in other battery facilities worldwide. Panasonic now produces 2170 and 1860 cylindrical batteries in its additional Japanese plants. Read More..

B2B Tech News | 1 months ago          

Fuji Soft Shares Surge 7% Above KKRs $3.9 Billion Bid, Sparking Speculation of Rushed Sale

As of right now, shares of Fuji Soft are trading 7% higher than the $3.9 billion takeover price made by American buyout group KKR, raising the possibi

As of right now, shares of Fuji Soft are trading 7% higher than the $3.9 billion takeover price made by American buyout group KKR, raising the possibility that the business acted hastily to accept the offer. The offer from KKR, which values Fuji Soft at 8,800 yen per share, came after a significant selloff in stocks worldwide. Bain Capital, however, has stated that if it had known Fuji Soft was interested in selling, it would have offered a more extensive offer. With the approval of the companys board, Bain Capital is now working on a legally binding proposal that would relieve 3D, the largest shareholder of Fuji Soft, of its need to offer shares to KKR. The status quo persists while investors want a better offer. Read More..

B2B Tech News | 1 months ago          

Wardwizard Innovations to Form Joint Venture in Saudi Arabia for Electric Vehicle Assembly and Cell Production

The Saudi Arabian joint venture, Wardwizard Innovations and Mobility, an Indian manufacturer of electric vehicles, said that it had received a letter

The Saudi Arabian joint venture, Wardwizard Innovations and Mobility, an Indian manufacturer of electric vehicles, said that it had received a letter of intent. As part of this endeavour, an assembly facility for electric two, three, and fourwheelers will be established, and there are also plans to produce electric buses in the future. The joint venture will also include an EV cell factory that produces electric car cells. The corporation did not make the joint ventures financial information public. Read More..

B2B Tech News | 1 months ago          

Japans Economy Grows at Slower Pace in Q2 2024, Annualized GDP Expansion Cut to 2.9%

According to updated estimates, Japans economy expanded by 2.9% annually in Q2 2024 instead of 3.1%, the first announced rate. The revised estimate in

According to updated estimates, Japans economy expanded by 2.9% annually in Q2 2024 instead of 3.1%, the first announced rate. The revised estimate indicates a more uncertain economic picture for the years second half, primarily due to lower business and consumer expenditure. The preliminary 0.8% growth rate was reduced to 0.7% quarteroverquarter. Capital spending and private consumption were both revised lower. Though they caution against prospective slowdowns brought on by outside causes, such as potential slowdowns in the US and China, analysts predict a steady economic rebound. A probable rate rise by December challenges the Bank of Japan as it works to normalise its monetary policy while navigating these dynamics. Read More..

B2B Tech News | 1 months ago          

YouTube to Launch AI Tools for Detecting Synthetic Singing and Face Simulation in 2025

By implementing additional safeguards to preserve the voices and likenesses of artists, YouTube is tackling the abuse of generative AI technologies. A

By implementing additional safeguards to preserve the voices and likenesses of artists, YouTube is tackling the abuse of generative AI technologies. A "syntheticsinging identification technology" integrated into the material ID system will allow the platform to recognise and control artificial intelligencegenerated audio and video and identify AIgenerated material with faces. The second tool is being developed, and the first is scheduled for a pilot in early 2025. By empowering them to manage AIgenerated material that impacts their voice or image, these solutions seek to empower artists. YouTube underscores its dedication to curbing illicit content scraping and giving content producers greater authority over how AI companies utilise their data. Read More..

B2B Tech News | 1 months ago          

Apache Fixes Critical OFBiz Flaw Allowing Remote Code Execution on Linux and Windows Servers

With its OFBiz software, Apache fixed a severe security vulnerability that permitted remote code execution on Windows and Linux systems. This vulnerab

With its OFBiz software, Apache fixed a severe security vulnerability that permitted remote code execution on Windows and Linux systems. This vulnerability, which allowed unauthorised attackers to execute arbitrary code, was found by Rapid7 researchers. Insufficient authorisation checks caused it. The problem originated from a forced browsing vulnerability that left limited pathways vulnerable to intrusions. Apache fixed this issue by implementing the required authorisation checks. Several previous vulnerabilities with associated controllerview map concerns may also be bypassed by using this weakness. To stop exploitation and safeguard their networks, CISA has asked all organizations—federal agencies in particular—to fix these vulnerabilities as soon as possible. Read More..

B2B Tech News | 1 months ago          

Hewlett Packard Enterprise Launches HPE Private Cloud AI with NVIDIA for Streamlined GenAI Deployment

To facilitate the deployment of generative AI GenAI applications, Hewlett Packard Enterprise HPE has introduced HPE Private Cloud AI, a cloudbased sol

To facilitate the deployment of generative AI GenAI applications, Hewlett Packard Enterprise HPE has introduced HPE Private Cloud AI, a cloudbased solution created in collaboration with NVIDIA. With just one click, organisations can swiftly install and operationalise virtual assistants thanks to the new solution accelerators on this platform. With future revisions to accommodate sophisticated features like speech and multiagent capabilities, the initial accelerator focuses on building interactive chatbots for various business operations using opensource large language models LLMs. HPE also unveiled the Unleash AI partner program, which speeds up timetovalue for companies utilising HPE Private Cloud AI by integrating partners across data, AI models, and apps. Read More..

B2B Tech News | 1 months 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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