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Wiz Explores Share Sale Amid Valuation Aspirations of $15B to $20B

Americas Bloomberg News reports that Israeli cybersecurity firm Wiz is considering selling its current stock, with a target of $15 billion to $20 bill

Americas Bloomberg News reports that Israeli cybersecurity firm Wiz is considering selling its current stock, with a target of $15 billion to $20 billion. A $500 million to $700 million tender offer for existing shareholders interests would be possible under the proposed deal. Wiz had earlier this year ended talks with Alphabet, the parent company of Google, over a planned $23 billion transaction that would have raised the companys worth substantially after a $1 billion investment round in May. Lightspeed Venture Partners, G Squared, and Thrive Capital are the venture companies that might be engaged in this possible purchase. Using artificial intelligence, Wiz, a leader in cloudbased cybersecurity solutions, assists businesses in identifying and reducing major threats on cloud platforms. Read More..

B2B Tech News | 1 months ago          

Orange Announces Plans to Delist from NYSE to Streamline Operations

Citing the cost of the secondary listing, French telecom operator Orange declared its plan to remove its shares from the New York Stock Exchange NYSE.

Citing the cost of the secondary listing, French telecom operator Orange declared its plan to remove its shares from the New York Stock Exchange NYSE. The board of directors decided to streamline internal operations and increase efficiency by lowering the substantial financial and administrative burden associated with preserving the SEC registration and NYSE listing. Orange promised that the delisting would not impact its partners, customers, or market share in the United States. To further streamline its operations, the business also intends to deregister two debt instruments previously issued on the NYSE. Read More..

B2B Tech News | 1 months ago          

Australian Consumer Price Inflation Hits ThreeYear Low of 2.7% in August

With government power rebates helping, Australian consumer price inflation fell to a threeyear low of 2.7% in August, while core inflation reached its

With government power rebates helping, Australian consumer price inflation fell to a threeyear low of 2.7% in August, while core inflation reached its lowest point since early 2022. Potential interest rate reductions might be made possible by this progress. Market responses were modest despite the good news since the Reserve Bank of Australia RBA has previously stated that the headline inflation drop is transitory and inadequate to warrant a change in interest rates anytime soon. Additionally, the trimmed mean core inflation index decreased to 3.4%. The rate has been at 4.35% since November, but expectations are mounting because current swaps indicate a 75% chance of a decrease as early as December. Read More..

B2B Tech News | 1 months ago          

DBS Group to Boost Ownership in China Securities Venture to 91% Amid Economic Stimulus

CEO of DBS Group, Piyush Gupta, revealed intentions to raise the companys shareholding in its joint venture in China securities from 51% to 91%. This

CEO of DBS Group, Piyush Gupta, revealed intentions to raise the companys shareholding in its joint venture in China securities from 51% to 91%. This declaration comes after Chinas solid economic stimulus plans to boost the countrys faltering capital markets and economy. DBS confirmed that it will buy shares from Chinese joint venture partners if regulations are approved. Although majority ownership is the banks goal, Gupta stated that the firm cherishes the contribution of its Chinese partners. This action fits in with the patterns of international banks such as J.P. Morgan and Morgan Stanley, who respond similarly to a slowing economy by raising their investments in Chinese securities businesses. Beijings recent stimulus measures, including a largescale swap program, have improved market confidence and increased the chances of securities companies. Read More..

B2B Tech News | 1 months ago          

Microsoft Unveils $1.3 Billion Investment to Boost AI and Cloud Infrastructure in Mexico

To improve its cloud computing and artificial intelligence infrastructure in Mexico, tech giant Microsoft has announced a significant investment of $1

To improve its cloud computing and artificial intelligence infrastructure in Mexico, tech giant Microsoft has announced a significant investment of $1.3 billion over the next three years. During an event in Mexico City, CEO and Chairman Satya Nadella stressed the companys dedication to growing capacity there. In three years, this project hopes to reach 30,000 SMBs and 5 million Mexicans by enhancing connectivity and encouraging the use of AI in small and mediumsized enterprises. Prominent Mexican businesses already using Microsofts AI solutions include Bimbo and Cemex. Furthermore, by the end of 2025, Microsoft and Viasat will have connected over 150,000 Mexicans without cellular service to the internet. Remarkably, the countrys AI capabilities will be strengthened by this initiative, which newly appointed Economy Minister Marcelo Ebrard announced. Read More..

B2B Tech News | 1 months ago          

Critical Vulnerability Discovered in FreeBSDs bhyve Hypervisor Urgent Upgrade Required

The bhyve hypervisor in FreeBSD has a severe vulnerability in its USB emulation feature when it is set to simulate devices on a virtual USB controller

The bhyve hypervisor in FreeBSD has a severe vulnerability in its USB emulation feature when it is set to simulate devices on a virtual USB controller XHCI, as discovered by a newly released security warning. This vulnerability can allow a privileged guest operating system to execute arbitrary code or cause the hypervisor to crash. It arises from inadequate boundary validation in the USB emulation code. This presents a significant danger because it gives hostile actors access to the host computer. Synacktiv researchers found this, and there isnt a fix as of right now. The FreeBSD Project recommends that users update to the most recent patched versions of FreeBSD, mentioning that restarting guest operating systems that employ XHCI emulation is necessary for the fix to take effect. Read More..

B2B Tech News | 1 months ago          

CrowdStrike Apologizes for Global IT Outage Affecting 8.5M Devices, Delta Air Lines Considers Legal Action

A U.S. House panel heard an apology from Adam Meyers, a senior official at the cybersecurity company CrowdStrike, over a July worldwide IT disruption

A U.S. House panel heard an apology from Adam Meyers, a senior official at the cybersecurity company CrowdStrike, over a July worldwide IT disruption brought on by a bad software update. The issue affected over 8.5 million Microsoft Windows machines and caused disruptions to several businesses, such as banking, healthcare, and aviation. It was connected to the companys Falcon Sensor security software. With 7,000 flights cancelled, $500 million in losses, and a threat of legal action against CrowdStrike—which contests the claim—Delta Air Lines was particularly hard struck. Meyers insisted that the problem was caused by a configuration error rather than a cyberattack and reassured the committee that CrowdStrike is taking precautions to avoid another occurrence like this one. As a result of the continuing impact, the business has subsequently updated its financial estimates. Read More..

B2B Tech News | 1 months ago          

Cloudflares AI Audit Suite Empowers Sites to Block, Monitor, and Monetize AI Bot Activity

To provide bloggers and website owners more control over how AI bots interact with their material, Cloudflare has released a new set of tools called A

To provide bloggers and website owners more control over how AI bots interact with their material, Cloudflare has released a new set of tools called AI Audit. With the help of this security tool, users may decide whether to allow or prohibit AI bots, which often scour websites to collect data for large language model LLM training. Aside from providing comprehensive information on bot activity and behaviour patterns, the service is available to Cloudflare clients at no additional cost. To further give a simplified, marketplacestyle approach to controlling AIdriven data consumption, Cloudflare is working on a feature enabling website owners to charge for access to their content. 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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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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