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President Biden Makes Historic First Visit to Angola, Strengthening U.S.Angola Relations

The first time a sitting U.S. president visited Angola was Tuesday when U.S. President Joe Biden met with Angolan President João Lourenço in Luanda.

The first time a sitting U.S. president visited Angola was Tuesday when U.S. President Joe Biden met with Angolan President João Lourenço in Luanda. During their discussions, Biden highlighted a $3 billion U.S. investment in the Lobito Corridor railway redevelopment project. He expressed satisfaction with the two countries Cold Warera alliance. By improving raw material transit between Angola, Zambia, and Congo, this corridor seeks to offset Chinas regional influence. Like Chinas Belt and Road plan, the railway project supports U.S. efforts to improve African infrastructure and trade. To recognise the historical ties between the two countries and talk about potential future collaboration, Biden will also stop by Angolas National Slavery Museum. Read More..

B2B Tech News | 4 months ago          

Barclays Agrees to $19.5 Million Settlement in Manhattan Securities Fraud Lawsuit

A Manhattan securities fraud case against Barclays has been settled for $19.5 million. The shareholders claimed that the bank had misled them about it

A Manhattan securities fraud case against Barclays has been settled for $19.5 million. The shareholders claimed that the bank had misled them about its adherence to regulatory requirements. The case was brought after Barclays acknowledged in March 2022 that it had sold $15.2 billion more in structured and exchangetraded notes than the $20.8 billion U.S. regulators approved, including an additional $17.7 billion. According to shareholders, relying on Barclays guarantees about its internal controls and regulatory compliance led to losses. The tentative settlement was submitted to a federal court and needs U.S. District Judge Katherine Polk Faillas permission. Barclays still disputes any misconduct regarding compensation. Read More..

B2B Tech News | 4 months ago          

BlackRock Acquires HPS Investment Partners for $12 Billion in Strategic Move to Expand Private Credit Portfolio

BlackRock announced that it will acquire private credit company HPS Investment Partners for about $12 billion in an allstock transaction to increase i

BlackRock announced that it will acquire private credit company HPS Investment Partners for about $12 billion in an allstock transaction to increase its footprint in the quickly expanding private credit sector. Nonbank lending has increased due to tighter rules imposed on regular banks by 2029, private credit is predicted to reach $2.6 trillion. The transaction will create a comprehensive private credit franchise worth about $220 billion by combining BlackRocks current $85 billion private credit platform with HPSs $148 billion assets under management. This action is a component of BlackRocks larger plan to strengthen its alternative asset management skills and increase chances for feegenerating in the face of growing competition in the private credit market. Read More..

B2B Tech News | 4 months ago          

Chile to Invest $83.18 Billion in Mining Projects from 2024 to 2033, Cochilco Study Reveals

Research by the staterun organisation Cochilco estimates that Chile will invest about $83.18 billion between 2024 and 2033, a 27% increase over last y

Research by the staterun organisation Cochilco estimates that Chile will invest about $83.18 billion between 2024 and 2033, a 27% increase over last years estimates. Fiftyone projects in Chile, the worlds most significant producer of copper and the secondlargest producer of lithium, which are necessary for rechargeable batteries, are detailed in the report, which is scheduled to be presented on Wednesday. Interestingly, this amount does not include BHPs newly revealed $14 billion expansion plan for projects like Escondida, the worlds largest copper mine, which could raise total investments to nearly $100 billion. The increase is primarily due to 11 new projects totalling around $15.66 billion, with over 52% of the entire budget, or $42.96 billion, allocated to projects scheduled for 2024–2026. Read More..

B2B Tech News | 4 months ago          

Wipro Partners with Netskope to Launch CyberTransform Optimization Service for Enhanced Cybersecurity

Wipro Limited and Netskope have teamed up to provide a comprehensive cybersecurity service that maximizes and improves the return on technology invest

Wipro Limited and Netskope have teamed up to provide a comprehensive cybersecurity service that maximizes and improves the return on technology investments. Powered by Netskope, the CyberTransform Optimisation Service assesses an organizations cybersecurity frameworks, offers consolidation suggestions, and finds economical ways to improve business performance. Utilizing Netskopes Valueskope platform for financial analysis and Wipros Automated Regulatory Compliance ArC for regulatory change tracking, the service assists businesses in comprehending the productivity and economic advantages of Secure Access Service Edge SASE transitions. Through this partnership, clients will be better equipped to make decisions that match their infrastructure and cybersecurity plans with their overall business goals, spurring innovation and enhancing performance results in a quickly changing digital environment. Read More..

B2B Tech News | 4 months ago          

Amazon Unveils “Nova” AI Models, Targeting Text, Image, and Video Generation at AWS Conference

During the AWS annual conference, Amazon presented its "Nova" AI foundation models, aiming to compete with Adobe, Meta, and other companies in text, p

During the AWS annual conference, Amazon presented its "Nova" AI foundation models, aiming to compete with Adobe, Meta, and other companies in text, picture, and video generation applications. CEO Andy Jassy emphasised customer requests for reduced prices, improved latency, and finetuning capabilities. Some products include Canvas, which makes images from text prompts and adds watermarking to guard against abuse, and Nova Reel, which makes sixsecond videos from text or pictures with longer videos on the horizon. Amazon also plans to incorporate multimodal features for audio, photos, video, and text in its upcoming models. Additionally, a redesigned AIpowered Alexa, codenamed "Banyan," is anticipated shortly, signalling Amazons increased investment in AI to outperform rivals and fix earlier setbacks. Read More..

B2B Tech News | 4 months ago          

AWS Launches Trn2 UltraServers with Trainium2 Chips, Challenging Nvidia’s AI Hardware Leadership

Nvidias hegemony in AI hardware was directly challenged by Amazon Web Services AWS with the release of its new Trn2 UltraServers, which are powered by

Nvidias hegemony in AI hardware was directly challenged by Amazon Web Services AWS with the release of its new Trn2 UltraServers, which are powered by Trainium2 AI chips. The servers, a supercomputer system component with hundreds of thousands of CPUs, offer up to 40% more affordable training costs for some AI models than those provided by Nvidia. These chips were among the first to be used by Apple and the AI firm Anthropic. Next year, AWS plans to introduce Trainium3 chips. With a more than 70% market share, Nvidia is increasingly up against rivals like AWS, Google, and Meta, which are creating their own AI chips. Although both AWS and Nvidia produce their chips at Taiwan Semiconductor Manufacturing, AWS asserted that their supply chain was highly prepared. Read More..

B2B Tech News | 4 months ago          

UK Sees 16% Rise in Cyber Incidents in 2024, Reports National Cyber Security Centre

In 2024, the UKs National Cyber Security Centre NCSC handled 430 cases, up 16% from 371 the year before. Twenty of these were ransomware attacks, and

In 2024, the UKs National Cyber Security Centre NCSC handled 430 cases, up 16% from 371 the year before. Twenty of these were ransomware attacks, and 347 constituted illegal data exfiltration. Five hundred fortytwo notices were sent to impacted organisations by the NCSC, more than tripling the number of notifications sent out the previous year. The agency warned of hackers using artificial intelligence AI to launch sophisticated cyberattacks and named ransomware the most imminent danger to vital infrastructure in its yearly evaluation. The NCSCs chief, Richard Horne, stressed the increasing complexity and ferocity of hostile cyber operations and warned against complacency about stateled and criminal cyber threats, which he feels are generally undervalued. Read More..

B2B Tech News | 4 months ago          



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