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Berkshire Hills Bancorp and Brookline Bancorp in Merger Talks, Potential Announcement Soon

According to the Wall Street Journal, merger negotiations are underway between Bostonbased banks Berkshire Hills Bancorp BHLB.N and Brookline Bancorp

According to the Wall Street Journal, merger negotiations are underway between Bostonbased banks Berkshire Hills Bancorp BHLB.N and Brookline Bancorp BRKL.O. An announcement might be made as early as next week regarding the proposed deal, combining the two banks with assets of about $12 billion. According to LSEG data, Berkshire Hills Bancorp is worth $1.3 billion, while Brookline Bancorp has a market capitalisation of $1.12 billion. As of right now, neither bank has responded to the merger talks. As banks look to increase their market presence and competitiveness, this consolidation reflects prevailing trends in the industry. Read More..

B2B Tech News | 3 months ago          

Switzerland Revokes India’s MFN Status, Imposing New Tax Implications for Businesses

Following an adverse decision by the Indian Supreme Court over Nestle, Switzerland revoked Indias Most Favoured Nation MFN status, which will have mor

Following an adverse decision by the Indian Supreme Court over Nestle, Switzerland revoked Indias Most Favoured Nation MFN status, which will have more tax ramifications for Indian companies doing business in Switzerland. As a result of this ruling, the MFN provision in the two nations double taxation avoidance agreement DTAA will no longer be in effect. As of January 2025, a 10% dividend withholding tax will be imposed. It is anticipated that Indian banking, technology, and industry businesses will be significantly impacted. Given Indias trade agreements with European Free Trade Association EFTA member nations, the Ministry of External Affairs of India stated that a revision of the DTAA may be required in light of this change. Read More..

B2B Tech News | 3 months ago          

Bitcoin Soars to Record High Above $106,000 Amid Trump’s U.S. Bitcoin Reserve Plans

After Presidentelect Donald Trump announced plans to establish a U.S. bitcoin strategic reserve similar to the strategic oil reserve, Bitcoin surged b

After Presidentelect Donald Trump announced plans to establish a U.S. bitcoin strategic reserve similar to the strategic oil reserve, Bitcoin surged beyond $106,000 on Monday, igniting investor excitement. Ether increased 1.5% to $3,965, while Bitcoin jumped 3.2% to $106,533 before levelling off at $104,462. The accession of MicroStrategy to the Nasdaq 100 index, which is anticipated to draw more investment, further improved investor optimism. To put the United States at the forefront of the cryptocurrency scene, Trumps remarks implied a more welcoming regulatory climate for cryptocurrencies. The market responded favourably to the scepticism of individuals such as Federal Reserve Chair Jerome Powell, who likened bitcoin to gold and rose 192% for the year. Read More..

B2B Tech News | 3 months ago          

Reliance Industries Acquires 74% Stake in Navi Mumbai IIA for ₹16.28 Billion

At 16.28 billion rupees, Reliance Industries purchased a 74% share in the industrial area developer Navi Mumbai IIA. When the Maharashtra state govern

At 16.28 billion rupees, Reliance Industries purchased a 74% share in the industrial area developer Navi Mumbai IIA. When the Maharashtra state government authorised its conversion into an integrated industrial region in 2018, it was renamed the Navi Mumbai Special Economic Zone. This agreement coincides with growing demand in India for industrial parks and warehouse space as businesses look to diversify their supply chains away from China. The acquisition strengthens Reliances current warehouse and logistics activities, broadening its varied portfolio to encompass retail, telecom, and energy. The Maharashtra City and Industrial Development Corporation would hold the companys remaining 26 per cent. Navi Mumbai IIA recorded a 6% increase in turnover, amounting to 348.9 million rupees, during the fiscal year that concluded in March 2024. Read More..

B2B Tech News | 3 months ago          

Anthropic Launches Claude 3.5 Haiku The Fastest Model Yet in the Claude Series

Anthropic has secretly made the Claude 3.5 Haiku AI model available through Claudes mobile apps and web interface. Users reported its availability on

Anthropic has secretly made the Claude 3.5 Haiku AI model available through Claudes mobile apps and web interface. Users reported its availability on X previously Twitter, and it has been confirmed to be the default language model despite the lack of an official statement. According to several benchmarks, Claude 3.5 Haiku is Anthropics fastest large language model, surpassing the earlier Claude 3 Opus. Its notable benefits are reduced latency, enhanced tool usage, and better instruction following. On the Software Engineering benchmark, the model outperformed OpenAIs GPT4o and the original Claude 3.5 Sonnet, scoring 40.6%. Currently, it is optimised for AWS Trainium2 chipsets and available to all Claude users, including those on the free license. Read More..

B2B Tech News | 3 months ago          

Google Unveils Android XR A New OS for the Future of Extended Reality Devices

A new operating system for extended reality XR devices, Android XR, was unveiled by Google. It will work with future mixedreality headsets and smart g

A new operating system for extended reality XR devices, Android XR, was unveiled by Google. It will work with future mixedreality headsets and smart glasses. By integrating the Gemini AI assistant into the OS, users may use voice commands and visual searches to engage with their surroundings. The first developer preview, which supports apps like Android Studio, Jetpack Compose, ARCore, and Unity, is now accessible. Like Apples visionOS, Android XR will have new apps, such as YouTube and Google Photos, optimised for virtual screens. Furthermore, a larger virtual screen will be used for Google Chrome surfing, and Google Maps will provide an improved Immersive View. In 2025, the first gadget, Project Moohan, is expected to go on sale. Read More..

B2B Tech News | 3 months ago          

Meta Launches Video Seal to Combat Deepfakes with AIPowered Watermarking

Meta has unveiled Video Seal, a brandnew AIdriven watermarking application made to add undetectable, unchangeable watermarks to videos. To stop the pr

Meta has unveiled Video Seal, a brandnew AIdriven watermarking application made to add undetectable, unchangeable watermarks to videos. To stop the proliferation of deepfakes—increasingly used for fraud, fraud, and disinformation—Video Seal will join Metas other solutions, such as Audio Seal and Watermark Anything. Because the watermark is resistant to compression, cropping, and blurring, the quality of the video is unaffected. This research supports programs like C2PA, Microsoft, and Googles attempts to address concerns about synthetic content. Although the code is not yet publicly accessible, Meta intends to make Video Seal opensource under a liberal license. Given the increasing difficulty in identifying AIgenerated material, these techniques are essential for improving digital authenticity and transparency. Read More..

B2B Tech News | 3 months ago          

Microsoft Debuts Phi4 AI Model, Outshining Larger Rivals in Math Reasoning

The Phi4 AI model, the most recent in Microsofts opensource Phi series of small language models SLMs, was released four months after the Phi3.5 model.

The Phi4 AI model, the most recent in Microsofts opensource Phi series of small language models SLMs, was released four months after the Phi3.5 model. Phi4 is primarily designed for mathematical thinking, but it also performs exceptionally well on standard language tasks and surpasses larger models such as Gemini Pro 1.5 on math benchmarks. Next week, Hugging Face will debut it after being available on Azure AI Foundry under a Microsoft Research License Agreement. With its Azure AI Content Safety features, available via API for improved application monitoring and including fast shields and groundedness detection, Microsoft strongly emphasises security. Even though Phi4 and other smaller models can increase efficiency with synthetic data after deployment, realworld consistency is still a problem. Read More..

B2B Tech News | 3 months ago          



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