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Lovelace AI Emerges from Stealth with "Elemental" Context Engine for Enterprises

On April 28, 2026, Lovelace AI, a startup founded by former Google Cloud AI head Andrew Moore, emerged from stealth to introduce "Elemental." This ent

On April 28, 2026, Lovelace AI, a startup founded by former Google Cloud AI head Andrew Moore, emerged from stealth to introduce "Elemental." This enterprise context engine builder is designed for highstakes environments where analytical accuracy is missioncritical. Unlike standard retrievalaugmented generation RAG that relies on probabilistic models, Elemental prioritizes structured knowledge graphs to provide a deterministic foundation for autonomous agents. The platform utilizes "YottaGraph," a backend repository containing trillions of facts that grows by one billion entries weekly, to enrich internal corporate data. By resolving data silos and anchoring AI agents in verifiable facts, the technology aims to solve common issues like token inefficiency and high latency. This launch marks a significant maturation in the AI market, shifting focus toward verifiable, missioncritical accuracy for enterprise investigative queries and complex data management. Read More..

B2B Tech News | 1 months ago

Google Breaks Ground on $15 Billion "Viksit Bharat" AI Hub in Visakhapatnam

On April 28, 2026, Google officially broke ground on its landmark AI hub in Visakhapatnam, Andhra Pradesh, marking its largest single investment in In

On April 28, 2026, Google officially broke ground on its landmark AI hub in Visakhapatnam, Andhra Pradesh, marking its largest single investment in India to date. This $15 billion project, spanning from 2026 to 2030, is designed to be a national industrial ecosystem featuring a gigawattscale data center and a nextgeneration submarine cable landing station. Developed in partnership with AdaniConneX and Nxtra by Airtel, the hub aims to provide highperformance, lowlatency AI services essential for scaling enterpriselevel AI solutions across the subcontinent. Beyond computing power, the project incorporates the "AmericaIndia Connect" initiative to expand fiberoptic networks and a longterm clean energy strategy to support Indias 500 GW nonfossil fuel goal. The facility is expected to serve as a primary engine for the "Viksit Bharat 2047" vision, positioning India as a global leader in autonomous and industrial AI infrastructure. Read More..

B2B Tech News | 1 months ago

IBM Debuts "Bob" AI Development Partner for EndtoEnd Enterprise Software Lifecycle

IBM officially launched "IBM Bob" on April 28, 2026, an AIfirst development partner designed to manage the entire software development lifecycle SDLC

IBM officially launched "IBM Bob" on April 28, 2026, an AIfirst development partner designed to manage the entire software development lifecycle SDLC for enterprise teams. Bob is engineered to assist not just with writing code, but with planning, testing, deployment, and legacy modernization. Unlike generalpurpose coding assistants, Bob operates within strict enterprise governance and security frameworks, ensuring that AIgenerated code meets corporate compliance standards before hitting production. IBM is positioning the tool as a core component of its hybrid cloud strategy, aiming to reduce the technical debt often accumulated during rapid AI integration. The system features a deep integration with modern cloud environments, allowing developers to orchestrate workflows across multiple infrastructures seamlessly. This launch signals a shift from "AIassisted coding" to "autonomous AI engineering" for largescale corporate infrastructures, with internal trials reporting a 45% productivity Read More..

B2B Tech News | 1 months ago

TSMC Projects 70% Growth for 2nm Node as Massive AI Demand Hits Production

Taiwan Semiconductor Manufacturing Co. TSMC announced on April 29, 2026, that it expects its 2nanometer 2nm chip capacity to grow at a compound annual

Taiwan Semiconductor Manufacturing Co. TSMC announced on April 29, 2026, that it expects its 2nanometer 2nm chip capacity to grow at a compound annual rate of 70% through 2028. Speaking at a technology symposium, senior VP Cliff Hou confirmed that five separate fabs are slated to begin volume production of 2nm chips within 2026. This aggressive rampup is driven by unprecedented demand for energyefficient, highperformance silicon required for nextgeneration AI data centers and sophisticated enterprise servers. The company noted that output in this first year of 2nm production is already 45% higher than the 3nm nodes initial rollout in 2023. Additionally, TSMC is significantly expanding its advanced packaging capacity—specifically ChiponWaferonSubstrate CoWoS—which is projected to grow by 80% annually to handle the complex architectures of modern AI accelerators. Read More..

B2B Tech News | 1 months ago

City Union Bank Reports 25% Profit Surge Amid Improving Asset Quality

City Union Bank released its latest financial results on April 28, 2026, reporting a 24.9% increase in net profit to ₹359.6 crore. This growth was u

City Union Bank released its latest financial results on April 28, 2026, reporting a 24.9% increase in net profit to ₹359.6 crore. This growth was underpinned by a massive 30.9% rise in net interest income, which reached ₹785.8 crore for the quarter. The bank’s performance was bolstered by significantly improved asset quality, with gross nonperforming assets NPAs declining to 1.9% and net NPAs easing to 0.68%. These figures suggest a successful recovery and growth phase for the lender following a period of economic volatility. Management attributed the success to strong credit demand in the small and medium enterprise SME sector and effective risk management strategies. The positive earnings report led to a favorable market reaction, making it one of the "stocks to watch" on the Indian exchanges today as it continues to outperform its regional peers. Read More..

B2B Tech News | 1 months ago

Mahindra & Mahindra Increases Stake in Carnot Technologies to 80%

Mahindra & Mahindra announced the completion of a Share Purchase Agreement today, April 28, 2026, to acquire an additional 28.03% stake in Carnot Tech

Mahindra & Mahindra announced the completion of a Share Purchase Agreement today, April 28, 2026, to acquire an additional 28.03% stake in Carnot Technologies. This deal raises the company’s total stake to 80.72%, with total voting rights reaching 89%. Carnot Technologies is known for its advanced telematics and smart vehicle solutions, which are becoming increasingly critical to Mahindra’s strategy for both consumer and commercial automotive segments. By bringing Carnot more fully under its umbrella, Mahindra aims to integrate its digital services more deeply into its vehicle platforms, enhancing features like remote diagnostics and fleet management. The acquisition is a clear signal of the industrywide shift toward "softwaredefined vehicles," where digital expertise is as vital as mechanical engineering. This move is expected to streamline R&D and accelerate the rollout of new connected features across Mahindras global product lineup. Read More..

B2B Tech News | 1 months ago

Nasdaq Weakens as AI Doubts and High Oil Prices Rattle Tech Investors

U.S. stock markets showed a stark divide today, April 28, 2026, with the Dow Jones holding firm while the Nasdaq Composite fell by nearly 0.8% in earl

U.S. stock markets showed a stark divide today, April 28, 2026, with the Dow Jones holding firm while the Nasdaq Composite fell by nearly 0.8% in early trade. The slump in techheavy indices was driven by a combination of rising oil prices—sparked by the UAE’s OPEC exit—and growing skepticism regarding the immediate ROI of AI investments. Oracle shares dropped 2.9% as analysts reassessed the pace of cloud demand growth, while semiconductor leaders Nvidia and AMD fell by 2.4% and 3.5% respectively. The information technology segment emerged as the worstperforming major sector of the S&P 500, losing 1.3%. Investors are shifting their focus toward defensive sectors as energy costs threaten to squeeze corporate margins. This "AI cooling" phase reflects a more cautious market sentiment where participants are demanding tangible evidence of productivity gains before pushing valuations higher. Read More..

B2B Tech News | 1 months ago

Bank of Japan Holds Interest Rates Steady Amid Middle East Inflation Concerns

The Bank of Japan BOJ concluded its policy meeting on April 28, 2026, deciding to maintain its shortterm interest rate target at 0.75%. The decision c

The Bank of Japan BOJ concluded its policy meeting on April 28, 2026, deciding to maintain its shortterm interest rate target at 0.75%. The decision comes as the central bank navigates a complex economic environment shaped by the ongoing Middle East crisis, which has entered its second month. Policymakers noted that while domestic growth remains stable, the risk of "imported inflation" due to rising oil prices and snarled supply chains remains a primary concern. The BOJ signaled that it would keep a close eye on the Strait of Hormuz deadlock and its impact on energy costs before making further moves. This cautious stance was mirrored by global investors who had been bracing for a potential hike. The banks governor emphasized that maintaining stability in the financial system is the current priority, even as inflationary pressures continue to build across the global economy. Read More..

B2B Tech News | 1 months ago

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