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Japan Post to Sell $4B in Japan Post Bank Shares, Reducing Stake Below 50%

Japan Post Holdings intends to sell around 600 billion yen $4.02 billion worth of Japan Post Bank shares to lower its ownership below 50%. This action

Japan Post Holdings intends to sell around 600 billion yen $4.02 billion worth of Japan Post Bank shares to lower its ownership below 50%. This action will reduce constraints intended to safeguard private companies, giving Japan Post Bank greater business freedom. Japans corporate governance reforms, which examine "parentchild" listings and advocate for more excellent freefloat share ratios, align with the sale. With a share buyback also planned by Japan Post Bank, the decision may be decided this week. Japan Post has already decreased its stake in Japan Post Insurance to 49.8%, lowering its stake from 61.5% in 2023. Because of the higher interest rates, the bank reported a 17% increase in earnings to 308 billion yen. Read More..

B2B Tech News | 2 months ago          

Intel’s New Xeon 6 CPUs Deliver 1.5X AI Inference Gains Over AMD EPYC

Intels Xeon 6 family, which includes the Xeon 6700 and 6500 series CPUs, is intended for highperformance computing, enterprise applications, and artif

Intels Xeon 6 family, which includes the Xeon 6700 and 6500 series CPUs, is intended for highperformance computing, enterprise applications, and artificial intelligence. Comprising up to 86 cores, these processors offer 1.5X better AI inference efficiency than AMDs EPYC CPUs and 1.4X more performance than their predecessors. They feature PCIe 5.0, CXL 2.0, and DDR5 MRDIMM memory. They also have improved power efficiency, which allows for 51 server consolidation. Intel also introduced the Xeon 6 for network and edge, which offers a 70% performanceperwatt gain and is tuned for vRAN, AI, and network security. The announcement increases data centre efficiency while reaffirming Intels dedication to AIdriven computing and edge technologies. Read More..

B2B Tech News | 2 months ago          

Perplexity Teases AIPowered Web Browser ‘Comet’ with Agentic Search

Perplexity has hinted at Comet, an AIpowered web browser with "agentic search." There is now a waitlist for early access, but no launch date has been

Perplexity has hinted at Comet, an AIpowered web browser with "agentic search." There is now a waitlist for early access, but no launch date has been specified. A webpage that teases future details has gone live, and a short teaser video was posted on X. Similar to OpenAIs Operator AI, agentic search proposes native AI agents capable of completing activities like making reservations or purchasing tickets. Comet is a Chromiumbased desktop and mobile browser, and Perplexity is hiring for its development, including a Browser C++ Engineer position. Perplexity is now positioned to compete with OpenAI and Google in AIdriven search and browsing experiences after the recent debut of its Deep Research function. Read More..

B2B Tech News | 2 months ago          

Dassault Systèmes Integrates Apple Vision Pro into 3D Design Software

Dassault Systèmes and Apple have partnered to incorporate the Vision Pro headset into their 3D design software, which is extensively utilised in manu

Dassault Systèmes and Apple have partnered to incorporate the Vision Pro headset into their 3D design software, which is extensively utilised in manufacturing, urban planning, and life sciences. The "3DLive" program, released this summer, will allow engineers and designers to work together in real time on 3D models. The French company is wellknown for producing highprecision digital twins. The sophisticated sensors and processing power of the Vision Pro will enable users to spot any design defects early on, such as maintenance problems in manufacturing layouts. More than just a visual boost, Dassault Systèmes highlights that this integration is a potent engineering tool that facilitates earlystage problemsolving in digital settings, improving decisionmaking, cutting costs, and streamlining manufacturing processes. Read More..

B2B Tech News | 2 months ago          

Alibaba OpenSources Wan 2.1 AI Model to Drive Video and Image Generation

Alibaba has released Wan 2.1, their AI model for creating images and videos, as open source to increase AI use and competition. Alibaba Clouds ModelSc

Alibaba has released Wan 2.1, their AI model for creating images and videos, as open source to increase AI use and competition. Alibaba Clouds ModelScope and Hugging Face offer four variations of the model that are intended for texttovideo and imagetovideo production. Alibaba follows DeepSeeks example by providing affordable, highperforming AI models that compete with OpenAI. VBench gives Wan 2.1, which was released in January, a high rating for realistic graphics and multiobject interaction. A peek of Alibabas soontobe opensource reasoning model, QwQMax, was also given. The corporation intends to invest $52 billion over three years in cloud infrastructure and AI to demonstrate further its dedication to solidifying its place in the AI market. Read More..

B2B Tech News | 2 months ago          

Microsoft Backs Veeam in Undisclosed Equity Deal to Advance AI in Cybersecurity

As part of an expanded collaboration to create AIpowered solutions, Veeam Software announced on Tuesday that Microsoft has invested an unknown amount

As part of an expanded collaboration to create AIpowered solutions, Veeam Software announced on Tuesday that Microsoft has invested an unknown amount of equity in the company. The cloud data company specialises in recovering data after ransomware assaults, cyberattacks, or unintentional losses. Its program guarantees unchangeable backups to stop ransomware from altering or erasing essential data. In 2021, Microsoft invested in Rubrik, a cybersecurity company providing data backup services. With Microsofts support, Veeam wants to improve R&D and incorporate AI services into its products. Last December, Veeams most significant stakeholder, Insight Partners, sold a $2 billion stake in the company, valuing it at $15 billion. Established in 2006, Veeam provides services to over 550,000 clients, including large companies such as Canon and Deloitte. Read More..

B2B Tech News | 2 months ago          

Bain Capital Offers £1.1 Billion to Acquire UK Defence Firm Chemring

The shares of Londonlisted defence contractor Chemring Group saw a 16% increase after U.S. private equity firm Bain Capital proposed £1.1 billion $1.

The shares of Londonlisted defence contractor Chemring Group saw a 16% increase after U.S. private equity firm Bain Capital proposed £1.1 billion $1.39 to buy the company. Shares increased 13.7% to 407 pence at the offer of 390 pence per share, which is almost 9% more than the closing price on Friday. It is unknown whether Bains second offer was presented to Chemrings board, but Sky News reported that he had also prepared one. Neither Bain nor Chemring would comment. Among other defence goods, Chemring specialises in naval antiship missile defence systems. As concerns about global security deepen, the proposal underscores growing investor interest in the defence industry. Read More..

B2B Tech News | 2 months ago          

DFSA Recognizes USDC and EURC as Crypto Tokens, Expanding Dubai’s Digital Economy

USDC and EURC are now accepted as cryptocurrency tokens by Dubais Financial Services Authority DFSA, enabling businesses in the DIFC to use them for d

USDC and EURC are now accepted as cryptocurrency tokens by Dubais Financial Services Authority DFSA, enabling businesses in the DIFC to use them for digital asset services, treasury management, and payments. The approval allows for speedier crossborder transactions and smooth fiattocrypto conversions, avoiding traditional costs, for the more than 6,900 businesses in the DIFC. Calling it a stablecoin milestone, Circles Chief Strategy Officer Dante Disparte emphasised the transparency and compliance of USDC and EURC. Stablecoins are joining the list of cryptocurrencies that Dubai already recognises, along with Bitcoin, Ethereum, Litecoin, Toncoin, and Ripple. With Binance and Sony incorporating stablecoins into their Web3 operations, Circle, the secondlargest stablecoin issuer after Tether, has handled $18 trillion in USDC transactions since 2018. Read More..

B2B Tech News | 2 months ago          



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