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Oracle Invests $504.1 Million in Ampere to Boost Cloud and Rival Amazon, Google

Oracle has prepaid $104.1 million for Ampere Computings processor chips and invested $400 million in Ampere via a convertible note in its 2023 fiscal

Oracle has prepaid $104.1 million for Ampere Computings processor chips and invested $400 million in Ampere via a convertible note in its 2023 fiscal year. Ampere makes custom Armbased server chips, competing with Intel and AMD. Oracle aims to boost its cloud services against rivals like Amazon which also makes its server chips and Google with its AI processors. Oracle has invested heavily in Ampere over the years to strengthen its cloud offerings. The leading database company reported that it expended approximately $419,000 on development and testing hardware from Ampere during the fiscal year 2019 as one of its investments through the years. Read More..

B2B Tech News | 2 years ago          

Amazons $4 Billion Bet on AI Partners with Anthropic to Fuel NextGen Generative AI

Amazon has announced a significant investment of up to $4 billion in the artificial intelligence AI startup Anthropic. This investment grants Amazon a

Amazon has announced a significant investment of up to $4 billion in the artificial intelligence AI startup Anthropic. This investment grants Amazon a minority ownership stake in Anthropic, as the competition intensifies in the rapidly expanding generative AI market, led by OpenAIs ChatGPT. Anthropic will leverage Amazon Web Services AWS Trainium and Inferentia chips to develop, train, and deploy its foundational AI models, benefiting from AWSs costeffectiveness, performance, scalability, and security. The collaboration extends to the advancement of Trainium and Inferentia technology. AWS will become Anthropics primary cloud provider, particularly for safety research and future model development. Amazon developers will integrate Anthropics AI models via Amazon Bedrock to enhance applications and create new customer experiences. Read More..

B2B Tech News | 2 years ago          

Swiss Startup truvami Revolutionizes Asset Tracking with Compact IoT Solution

truvami, an IoT startup hailing from Zurich, Switzerland, specializes in developing compact endtoend tracking solutions that enhance workplace safety

truvami, an IoT startup hailing from Zurich, Switzerland, specializes in developing compact endtoend tracking solutions that enhance workplace safety and safeguard valuable assets for businesses. Their most recent product, introduced by truvami GmbH, provides versatile tracking capabilities suitable for B2B applications. It utilizes the Swisscom LoRaWAN network, cloudbased applications, and Miromicos innovative electronics design. These petite trackers seamlessly operate both indoors and outdoors, incorporating cuttingedge technologies from IoT, wireless communication, and cloud networking. The birth of truvami resulted from a collaborative effort between Swisscom Broadcast AG and Miromico AG, with the goal of creating a unique, smallformfactor tracking solution capable of locating assets, personnel, and animals in various environments. Read More..

B2B Tech News | 2 years ago          

South Korean Corporations struggle lag behind US counterparts amid chip slump

South Korean corporations, including Samsung, had a challenging first half of 2023 compared to their US counterparts due to sluggish chip and energy s

South Korean corporations, including Samsung, had a challenging first half of 2023 compared to their US counterparts due to sluggish chip and energy sectors in a global economic slowdown. Samsungs sales, operating profit, and net profit dropped by 21.5%, 95.4%, and 86.9% yearonyear. In contrast, Apple, a US counterpart, had smaller declines of 4.2%, 10%, and 9.2%. US companies collectively grew their topline figures by 2.4% yearonyear, reaching $3.87 trillion. This weaker performance for South Korean companies was attributed to the global business slowdown caused by highinterest rates and rising consumer prices, impacting them more than their US counterparts in earnings. Read More..

B2B Tech News | 2 years ago          

Micron Technology Breaks Ground on $2.75 Billion Semiconductor Plant in Gujarat

USbased Micron Technology has commenced construction on its $2.75 billion semiconductor testing and assembly facility in Sanand, Gujarat. The plant, s

USbased Micron Technology has commenced construction on its $2.75 billion semiconductor testing and assembly facility in Sanand, Gujarat. The plant, spanning 500,000 square feet, is the largest investment under Indias Semiconductor Mission ISM. Micron is contributing $825 million, with the remainder covered by subsidies. The facility is expected to be operational by late 2024 and was the first project approved under Indias semiconductor mission. Micron is also considering establishing multiple chip fabrication factories in India. The project aims to create up to 5,000 direct jobs and 15,000 community jobs. Read More..

B2B Tech News | 2 years ago          

Chinese Media Criticizes Wests Silence on IndiaCanada Dispute

The Chinese media criticized the West for its silence on the diplomatic dispute between India and Canada, pointing out what they see as a hypocritical

The Chinese media criticized the West for its silence on the diplomatic dispute between India and Canada, pointing out what they see as a hypocritical response. They contend that a moral imbalance was exposed when the West chose not to criticise Canada because of their geopolitical interests. According to experts, Western allies primarily serve American strategic objectives, which has caused a significant divide inside the alliance. The paper contends that the Western response would differ if the circumstance concerned a hostile country. The West allegedly ignores Indias human rights problems because of its geopolitical significance. The conflict has generally resulted in tensions and diplomatic expulsions between India and Canada. Read More..

B2B Tech News | 2 years ago          

Chinas State Asset Manager Targets $13.7B Fund for Emerging Industries

For a fund intended to invest in emerging industries, China Reform Holdings Corp, a state asset manager, plans to raise at least 100 billion yuan $13.

For a fund intended to invest in emerging industries, China Reform Holdings Corp, a state asset manager, plans to raise at least 100 billion yuan $13.70 billion. Over 20 central governmentowned companies, local governments, and private investors have expressed interest in the fund. They might commence operations by the end of the year. As part of broader SOE reforms, Chinas stateowned companies SOEs aim to expand investments in emerging industries like AI, new energy, new materials, and biotech. At the end of 2022, China Reform Holdings, founded in 2021, managed assets worth nearly 860 billion yuan. Read More..

B2B Tech News | 2 years ago          

Michael Bloombergs Succession Plan Revealed for Bloomberg LP

Cofounder of Bloomberg LP, Michael Bloomberg, has revealed a plan for the businesss future, according to which Bloomberg Philanthropies would take ove

Cofounder of Bloomberg LP, Michael Bloomberg, has revealed a plan for the businesss future, according to which Bloomberg Philanthropies would take over and eventually sell the financial information and news organisation. At The New York Times Climate Summit, Bloomberg made this declaration. He stipulates that his foundation will eventually acquire the business even though he donates most of the companys income. The wellknown environmentalist and philanthropist Bloomberg previously showed interest in owning a significant newspaper. Still, they denied plans to buy Dow Jones or the Washington Post. Since the establishment of Bloomberg LP in 1981, Bloomberg has been a vocal proponent of lowering coal consumption and gasfired capacity in the United States. Read More..

B2B Tech News | 2 years ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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