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Korea Zinc’s 9.85% Share Buyback Fuels Stock Surge Amid Control Battle

On Monday, Korea Zinc 010130.KS declared that it had repurchased 9.85% of its shares for $1.5 billion to stop shareholders from selling to private equ

On Monday, Korea Zinc 010130.KS declared that it had repurchased 9.85% of its shares for $1.5 billion to stop shareholders from selling to private equity company MBK and significant investor Young Poong. Amid a power battle between the Chang family of Young Poong and the Choi family, who own Korea Zinc, Bain Capital also acquired a 1.41% share in the business. The repurchase raised anticipation for a protracted takeover war, sending shares up 10% to a record high. MBK has called for an extraordinary shareholder meeting to strengthen governance and proposed 14 new directors. With a 7.83% interest, the South Korean National Pension Service is anticipated to affect the result significantly. Read More..

B2B Tech News | 7 days ago          

EU and China Pursue Alternative Solutions to Tariffs on Chinese Electric Vehicles

The European Commission and Chinas trade ministry said Friday that the EU and China have agreed to conduct more technical discussions on alternatives

The European Commission and Chinas trade ministry said Friday that the EU and China have agreed to conduct more technical discussions on alternatives to tariffs on Chinesemade electric vehicles. After an antisubsidy inquiry, the EU is set to apply tariffs of up to 35.3% next week, although it has stated that it is open to having more talks. As alternatives to tariffs, the discussions can look at possible investments in Europe or minimum pricing pledges from Chinese producers. Both parties reaffirmed their commitment to finding a solution that guarantees fairness in the EU market and complies with WTO regulations after a video conference between Chinese Minister of Commerce Wang Wentao and EU Trade Chief Valdis Dombrovskis. Read More..

B2B Tech News | 7 days ago          

Alphabets Waymo Closes $5.6 Billion Funding Round, Eyes Growth in Major Cities

To grow its autonomous ridehailing service, Alphabets Waymo division revealed on Friday that it had concluded a $5.6 billion investment round headed b

To grow its autonomous ridehailing service, Alphabets Waymo division revealed on Friday that it had concluded a $5.6 billion investment round headed by its parent firm, Google. Notable investors Andreessen Horowitz, Fidelity, and Tiger Global contributed to the round. In places including San Francisco, Phoenix, Los Angeles, Austin, and Atlanta—the latter through an extended cooperation with Uber—Waymo hopes to boost ridership in its Waymo One service with this additional cash. Autonomous ridehailing garners investment as businesses look for financial viability despite regulatory obstacles and scepticism. After much testing, Waymo started providing paid trips in 2022 and is still growing in this cutthroat industry. Read More..

B2B Tech News | 7 days ago          

Googles Project Jarvis Aiming to Revolutionize Browsing with AI Automation

The Information claims that Google is developing Project Jarvis, an artificial intelligence system that would replace web browsers for activities like

The Information claims that Google is developing Project Jarvis, an artificial intelligence system that would replace web browsers for activities like shopping and research. Project Jarvis, a browserbased task automation tool, is slated for a potential demonstration in December, concurrent with the launch of Googles Gemini big language model. Similar technology is also being advanced by Microsoftbacked OpenAI, which hopes to allow its models to undertake independent research using a "CUA" computerusing agent that takes action in response to discoveries. Google and Anthropic are allegedly advancing this idea by creating software that can communicate directly with a users computer or browser. Google has yet to respond to these developments. Read More..

B2B Tech News | 7 days ago          

Zoho Partners with NVIDIA to Integrate AIPowered LLMs in Business Applications

With NVIDIA, Zoho Corporation uses AIaccelerated computing to improve its SaaS products by adding large language models LLMs specifically designed for

With NVIDIA, Zoho Corporation uses AIaccelerated computing to improve its SaaS products by adding large language models LLMs specifically designed for commercial usage. This agreement, announced at the NVIDIA AI Summit in Mumbai, assists over 700,000 clients worldwide via ManageEngine and Zoho.com. With a $20 million investment in NVIDIA technology, Zoho focuses on business functionality and privacy compliance while creating bespoke LLMs with NVIDIA Hopper GPUs and the NeMo framework. These NVIDIA TensorRTLLMoptimized models achieve a 35% reduction in latency and a 60% increase in throughput, making them practical for applications like realtime data processing and speechtotext. With Zohos multimodal approach, organisations can be empowered by flexible and affordable AI solutions that protect user data. Read More..

B2B Tech News | 7 days ago          

Anthropics Claude AI Now Executes Code for Data Analysis and RealTime Insights

The "analysis tool" that Anthropic has released for its Claude AI chatbot enables it to develop and run JavaScript code in a sandbox setting. Claude c

The "analysis tool" that Anthropic has released for its Claude AI chatbot enables it to develop and run JavaScript code in a sandbox setting. Claude could previously produce code, but now it can execute code for tasks like complicated mathematics, data analysis, and realtime insight production. If mistakes arise, Claude may analyse, create code for, and iterate on useruploaded files, such as spreadsheets and PDFs. The capabilities of Claude 3.5 Sonnet are expanded in this edition, which is especially helpful for business teams. It allows marketers to maximise customer contacts and product managers to prioritise activities. The functionality may be seen in the preview via the Claude AI interface. Read More..

B2B Tech News | 7 days ago          

Samsung Unveils Exynos 1580 with 4nm OctaCore Architecture and AIEnhanced Imaging

As the successor to the Exynos 1480, Samsung has unveiled the Exynos 1580, a cuttingedge octacore processor for mobile devices. With a tricluster ARM

As the successor to the Exynos 1480, Samsung has unveiled the Exynos 1580, a cuttingedge octacore processor for mobile devices. With a tricluster ARM v9 core architecture consisting of one CortexA720 core operating at 2.9 GHz, three CortexA720 cores operating at 2.6 GHz, and four CortexA520 cores operating at 1.95 GHz, it is constructed using a 4nm process. Additionally, it supports up to 200MP cameras, LPDDR5 RAM, UFS 3.1 storage, and a Samsung Xclipse 540 GPU that boosts speed by 37%. The Exynos 1580 improves AI workloads with a neural processing unit NPU that can reach 14.7 TOPS. It offers superior Temporal Noise Reduction TNR for better clarity in lowlight video. Read More..

B2B Tech News | 7 days ago          

Google Launches SAIF Tool to Boost AI Model Security for Enterprises

Google has released the Secure AI Framework SAIF tool, which is intended to assist developers and businesses in improving the security of AI models. U

Google has released the Secure AI Framework SAIF tool, which is intended to assist developers and businesses in improving the security of AI models. Using questions on data training, access management, and security threat defence, this questionnairebased tool creates a personalised checklist to help users improve the safety of AI models. SAIF provides practical solutions for problems, including model tampering, prompt injection, and data poisoning. To promote secure AI practices throughout the industry, Google has extended its Coalition for Secure AI CoSAI with 35 partners, focussing on cybersecurity, software supply chain security, and AI risk governance. This program builds on the companys Secure AI Framework, unveiled last year. Read More..

B2B Tech News | 7 days ago          



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