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Bitcoin Falls 5.47% to $81,555 as Crypto Market Sees Sharp Decline

At 2216 GMT on Sunday, Bitcoin, the biggest cryptocurrency in the world by market value, dropped by almost 5.47% to $81,555, indicating a steep drop i

At 2216 GMT on Sunday, Bitcoin, the biggest cryptocurrency in the world by market value, dropped by almost 5.47% to $81,555, indicating a steep drop in the cryptocurrency market. The secondbiggest cryptocurrency, ether, also sharply declined, falling 5.4% to $2,024.68 at 2222 GMT. The decline in leading digital assets points to heightened market volatility, which changes in regulations, investor mood, or general economic trends might bring. The price of cryptocurrencies has fluctuated frequently due to market speculation, macroeconomic variables, and institutional interest. The digital asset market is still dominated by Bitcoin and Ether, whose fluctuations often set the tone for the larger crypto market. Investors are carefully monitoring market conditions and pricing movements in anticipation of new developments. Read More..

B2B Tech News | 2 months ago          

AirAsia Parent Capital A Raises 1 Billion Ringgit to Strengthen Finances

According to CEO Tony Fernandes, Malaysias Capital A, the parent company of AirAsia, has successfully finished a 1 billion ringgit $226 million privat

According to CEO Tony Fernandes, Malaysias Capital A, the parent company of AirAsia, has successfully finished a 1 billion ringgit $226 million private placement. The company must move closer to leaving PN17 financially distressed status to keep its stock exchange listing. The Malaysian stock exchange approved Capital A, and the company anticipates finishing the process by May. To unify operations under a single AirAsia brand, the restructuring involves selling its aviation division to AirAsia X. Two consecutive quarters of profitability are still necessary, as are approvals from shareholders and the court. Capital A intends to concentrate on its nonaviation operations, such as logistics and aircraft maintenance, while keeping an 18% interest in the new AirAsia airline group. Read More..

B2B Tech News | 2 months ago          

IndusInd Bank Shares Plunge 6% as RBI Cuts CEO’s Term to One Year

Concerns over leadership succession and business stability were raised when the RBI only granted CEO Sumant Kathpalia a oneyear extension rather than

Concerns over leadership succession and business stability were raised when the RBI only granted CEO Sumant Kathpalia a oneyear extension rather than the boardapproved threeyear term, causing IndusInd Banks shares to drop nearly 6% to a 19month low. The Nifty 50 indexs largest loser was the stock. According to analysts, the RBIs decision might have been prompted by discontent with the banks performance in earlier circumstances, such as problems with its microfinance portfolio and an increase in nonperforming assets. Even while the consensus 12month objective is still at ₹1,210, indicating a possible 32.8% increase from current levels, at least six brokerages have cut their price forecasts. Read More..

B2B Tech News | 2 months ago          

Ola’s Krutrim and Lenovo to Build India’s Most Advanced AI Model

Indias aspirations for AI have advanced significantly with the development of the 350billionparameter Krutrim 3 model by Olas AI division, Krutrim, in

Indias aspirations for AI have advanced significantly with the development of the 350billionparameter Krutrim 3 model by Olas AI division, Krutrim, in collaboration with Lenovo. With seven to twelve billion parameters, Krutrim 1 and 2 were opensourced. This new model seeks to establish India as a leader in AI worldwide. While CEO Bhavish Aggarwal revealed plans to combine with Lenovo to develop Indias largest supercomputer, Olas CIO Navendu Agarwal highlighted the countrys need for hyperscale infrastructure and a sovereign cloud. With partnerships with Nvidia and DeepSeek as part of its larger AI plan, this action supports Indias drive for technological independence in the face of competition from Chinese and American tech behemoths. Read More..

B2B Tech News | 2 months ago          

Larry Page’s Dynatomics Aims to Revolutionize AIDriven Product Design

Dynatomics, Larry Pages recent firm, optimises product designs using AI for practical manufacturing. The project, headed by Chris Anderson, a former C

Dynatomics, Larry Pages recent firm, optimises product designs using AI for practical manufacturing. The project, headed by Chris Anderson, a former CTO at Kittyhawk, intends to use machine learning to automate design processes. With businesses like Orbital Materials, which creates AIdriven materials for batteries and carbon capture, and PhysicsX, which uses AI simulations for the automotive and aerospace industries, Dynatomics is part of a growing trend in AIassisted production. While Sergey Brin is still working on AI research at Google DeepMind, Page, who left Alphabet in 2019, is placing a new wager on AI. According to a recent internal memo, Brin is arguing for more extended workdays in DeepMinds AI section to speed up development. Read More..

B2B Tech News | 2 months ago          

IndiaAI Mission Turns One New AI Compute, Learning, and Startup Programs Announced

On 7 March, the first anniversary of the IndiaAI Mission, the Indian Ministry of Electronics and IT MeitY unveiled important AI initiatives. With AIKo

On 7 March, the first anniversary of the IndiaAI Mission, the Indian Ministry of Electronics and IT MeitY unveiled important AI initiatives. With AIKosha, a safe repository of AI models and datasets, Union IT Minister Ashwini Vaishnaw unveiled the India AI computing Portal, which provides reasonably priced AI computing, storage, and cloud services. The AI Compute Portal will start with 10,000 GPUs and eventually grow to 18,693 GPUs. Additionally, the government announced iGOTAI, a customised AIpowered learning platform, and the AI Competency Framework for public sector professionals. The IndiaAI FutureSkills Fellowship, new AI Data Labs in tier 2 and tier 3 cities, and a fourmonth AI startup acceleration program in partnership with Station F and HEC Paris were also announced. Read More..

B2B Tech News | 2 months ago          

Elon Musk’s xAI Secures 1M Sq. Ft. Memphis Facility for AI Growth

Elon Musks AI company, xAI, has purchased a onemillionsquarefoot property in Southwest Memphis, Tennessee, to increase its AI infrastructure. With the

Elon Musks AI company, xAI, has purchased a onemillionsquarefoot property in Southwest Memphis, Tennessee, to increase its AI infrastructure. With the goal of housing at least one million GPUs, xAI announced intentions to scale its Colossus supercomputer in December, which was followed by this investment. In light of mounting tensions with CEO Sam Altman, Musk is using the move as part of his strategy to take on AI competitors like OpenAI. According to the Memphis Chamber, Colossus is moving closer to "supercluster" proportions. Although energy use has drawn criticism from environmental groups, xAIs facility features the largest Tesla Megapack deployment for data centres worldwide and a $80 million water recycling plant. Tesla intends to construct a Megapack energy storage facility of comparable capacity in Texas. Read More..

B2B Tech News | 2 months ago          

Microsoft Develops MAI AI Models to Compete with OpenAI

To rival OpenAI and lessen dependency on its longtime partner, Microsoft is creating its own AI reasoning model, known as MAI. Under Mustafa Suleymans

To rival OpenAI and lessen dependency on its longtime partner, Microsoft is creating its own AI reasoning model, known as MAI. Under Mustafa Suleymans leadership, the AI team is testing its trained models in Copilot and has seen them outperform OpenAI and Anthropic in benchmarks. Additionally, Microsoft is considering models from DeepSeek, Meta, and xAI as possible OpenAI substitutes. The corporation wants to diversify its AI strategy for cost reductions and independence, especially with Microsoft 365 Copilot. When solving complicated problems, the MAI models use chainofthought reasoning. Microsoft might make them available to developers later this year as an API, which would signal a change in strategy in the AI competition. OpenAI has not addressed the development in any way. Read More..

B2B Tech News | 2 months ago          



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