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Alibaba to Raise $3.2B via Convertible Bonds to Fuel Cloud and AI Growth

Alibaba intends to use a convertible bond issue to generate $3.2 billion in order to boost its cloud computing business. The action is in line with Al

Alibaba intends to use a convertible bond issue to generate $3.2 billion in order to boost its cloud computing business. The action is in line with Alibabas strategic shift into corporate services and AI infrastructure in the face of growing competition from Tencent and Huawei. The money raised will go towards expanding data centres, developing new products, and breaking into international markets. The bonds, which are due in 2030, are attractive to longterm investors because they have low interest rates and the possibility of equity conversion. With the growing demand for generative AI and hybrid cloud solutions, analysts see the offering as a statement of trust in Alibaba Clouds profitability and scalability. The fundraising also aids Alibaba in diversifying its sources of funding while preserving its adaptability in a tech environment that is characterised by shifting regulations and unpredictability in the global economy. Read More..

B2B Tech News | 3 months ago          

Perplexity Valued at $20B After Latest Funding Round, Eyes Enterprise Expansion

The Information reports that Perplexity has completed a fundraising round, valuing the AI business at $20 billion. Perplexity, a competitor to establi

The Information reports that Perplexity has completed a fundraising round, valuing the AI business at $20 billion. Perplexity, a competitor to established search platforms, has quickly acquired popularity thanks to its conversational search engine. With the additional funding, the business intends to improve its AI capabilities, such as multimodal search and realtime data integration, and broaden its enterprise solutions. Investors are placing bets on Perplexitys ability to upend the search industry with generative AIpowered, quicker, and more understandable results. In the face of escalating competition from IT giants, the price underscores the growing hunger of investors for AInative platforms. Perplexity has a strategic advantage in the changing information ecosystem, according to analysts, because of its emphasis on openness and citationbased responses. Read More..

B2B Tech News | 3 months ago          

Brazil’s Central Bank Expands Dollar Auction to $3B Amid Market Volatility

Brazil’s central bank will increase its Friday auction by $1 billion through a repurchase agreement, aiming to manage shortterm liquidity amid volat

Brazil’s central bank will increase its Friday auction by $1 billion through a repurchase agreement, aiming to manage shortterm liquidity amid volatile market conditions. The move brings the total auction value to $3 billion, reflecting heightened demand for dollar liquidity and tighter monetary dynamics. Analysts suggest the decision is linked to recent currency fluctuations and investor caution ahead of key inflation data. The repurchase deal allows the central bank to inject funds temporarily while maintaining control over interest rates. Brazil has used similar tools in past episodes of market stress, balancing inflation control with financial stability. The auction is part of broader efforts to stabilize the real and ensure adequate liquidity in the banking system during uncertain global conditions. Read More..

B2B Tech News | 3 months ago          

Microsoft Taps Anthropic’s Claude for Office 365, Easing OpenAI Dependence

Microsoft plans to move away from its sole reliance on OpenAI by incorporating Anthropics AI models into Office 365 programs. In tasks like creating P

Microsoft plans to move away from its sole reliance on OpenAI by incorporating Anthropics AI models into Office 365 programs. In tasks like creating PowerPoint presentations and automating Excel operations, developers discovered that Anthropics Claude Sonnet 4 performed better than OpenAIs GPT5. While Microsoft continues to build its own models and integrate DeepSeek into Azure, the move combines Anthropic and OpenAI technology across Word, Excel, Outlook, and PowerPoint. Its interesting to note that Amazon Web Services, an Anthropic stakeholder, will pay Microsoft to have access to these models. Microsoft is expanding its AI portfolio to satisfy growing demand, even though it has already invested more than $13 billion in OpenAI. Office AI tool prices will not change, and a formal announcement is anticipated shortly. Read More..

B2B Tech News | 3 months ago          

Hackers Exploit iCloud Calendar to Deliver Phishing Scams via Apple Servers

Hackers are circumventing SPF, DKIM, and DMARC checks by using iCloud Calendar invites to spread phishing scams through Apples trusted servers. The ex

Hackers are circumventing SPF, DKIM, and DMARC checks by using iCloud Calendar invites to spread phishing scams through Apples trusted servers. The exploit prompts users to phone a support number by inserting fictitious refund messages inside calendar invites Notes area. Once connected, scammers coerce victims into installing remote access software, which makes system takeover and data theft possible. The emails sent via Apples own infrastructure lend legitimacy to the hoax, making it more difficult to identify. Microsofts Sender Rewriting Scheme forwards invitations to group lists, increasing reach even more. Apple hasnt spoken out about the problem. To keep safe, users are urged to remove dubious invitations, refrain from phoning numbers on the list, and use robust antivirus and ransomware protection. Read More..

B2B Tech News | 3 months ago          

Spotify Faces Backlash as Users Sell Streaming Data to Build AI Tools

After more than 10,000 customers sold their streaming data to create AI tools through a collective called *Unwrapped*, housed on the decentralised pla

After more than 10,000 customers sold their streaming data to create AI tools through a collective called *Unwrapped*, housed on the decentralised platform Vana, Spotify is receiving criticism. Each user received roughly $5 in cryptocurrency when the organisation sold Solo AI its artist preference data for $55,000. Spotify warns Unwrapped against utilising its platform for machine learning, claiming that this is against its developer terms and trademark. However, Unwrapped developers contend that users are using international privacy rules to exercise their right to manage and profit from personal data. The Electronic Frontier Foundation advises against commodifying privacy but supports user data ownership. Spotify allegedly hindered Unwrappeds growth by making data access difficult. Tensions between platform control and userdriven data autonomy are highlighted by the dispute. Read More..

B2B Tech News | 3 months ago          

Adobe Patches Critical Magento Flaw Allowing Full Account Takeover

Adobe has fixed "SessionReaper," a serious flaw in its Magento and Commerce platforms that received a 9.1/10 rating from the National Vulnerability Da

Adobe has fixed "SessionReaper," a serious flaw in its Magento and Commerce platforms that received a 9.1/10 rating from the National Vulnerability Database. The vulnerability, identified as CVE202554236, impacts the Web APIs ServiceInputProcessor component and enables hackers to get around security measures, potentially resulting in complete account takeover without any user intervention. Magento 2.4.9alpha2 through 2.4.4p15 and earlier are among the vulnerable versions. Researchers caution that a leaked hotfix could facilitate reverse engineering and other assaults, even if no active exploits have been reported. Although web application firewalls protect users of Adobe Commerce Cloud, all users are encouraged to install the patch right away. Some developers warn that the update can interfere with external code, making some Magento features inoperable. Read More..

B2B Tech News | 3 months ago          

Arm Launches Lumex CPUs with 5× AI Boost for NextGen Smartphones

Arm has introduced its Lumex AIfocused smartphone CPUs, which promise up to 3× more efficiency and 5× higher AI performance than earlier versions. L

Arm has introduced its Lumex AIfocused smartphone CPUs, which promise up to 3× more efficiency and 5× higher AI performance than earlier versions. Lumex, which is based on the Armv9.3 architecture, has four CPU variants C1Ultra, C1Premium, C1Pro, and C1Nano. These variants are designed for tasks ranging from wearables to largemodel inferencing. Compared to its predecessor, the Mali G1Ultra GPU offers 2× better ray tracing and 20% quicker AI/ML inferencing. Lumex launches with tools ready for Android 16 and KleidiAI libraries that are SME2enabled, combining CPU, GPU, and software stacks to speed timetomarket. In the face of NPU fragmentation, Arm views CPUs as the universal AI engine. Wellknown Google apps are prepared for nextgeneration hardware and are already SME2ready. Lumex is a significant advancement in mobile computing ondevice intelligence. Read More..

B2B Tech News | 3 months 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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