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Chevron Divests $6.5 Billion Canadian Assets to Canadian Natural Resources in Strategic Move

Chevron is selling its holdings in the Athabasca oil sands and Duvernay shale formation to Canadian Natural Resources for $6.5 billion as part of its

Chevron is selling its holdings in the Athabasca oil sands and Duvernay shale formation to Canadian Natural Resources for $6.5 billion as part of its divestment plan targeted at raising $10 billion to $15 billion by 2028. Anticipated to conclude by December 6, the allcash deal fortifies Chevrons financial standing during its continuous rivalry with Exxon, especially in light of Exxons $53 billion offer for Hess. In 2023, Chevrons Canadian properties produced 84,000 barrels of oil equivalent per day boepd. After the acquisition, Canadian Natural would own 90% of the Athabasca project. It aims to invest $400 million next year and boost dividends by 7%, with an expected 122,500 boepd rise in output by 2025. Read More..

B2B Tech News | 1 years ago          

Andrew Ngs AI Fund Makes First India Investment in Healthcare Startup Jivi

The Gurugrambased healthcare business Jivi is the first venture Andrew Ngs AI Fund has backed in India. Jivi is an artificial intelligence platform th

The Gurugrambased healthcare business Jivi is the first venture Andrew Ngs AI Fund has backed in India. Jivi is an artificial intelligence platform that helps with administrative work, health report generation, diagnosis, and therapy suggestions. The amount invested and the stake that was obtained were not made public. This is happening at a time when it is anticipated that Indias AI market will more than quadruple, reaching $22 billion by 2027, with a large share coming from goods and companies. Sequoia Capital and Softbank Groupbacked AI Fund have made prior investments in platforms such as Podcastle and Octagon AI. Earlier this year, Ng—renowned for his leadership positions at Google and Baidu—joined the board of Amazon. Read More..

B2B Tech News | 1 years ago          

Ukrainian Hackers Allegedly Target Russian State Media VGTRK in Major Cyberattack

A Ukrainian government source claims that on Monday, the Russian state media firm VGTRK was the target of a massive cyberattack that hackers from Ukra

A Ukrainian government source claims that on Monday, the Russian state media firm VGTRK was the target of a massive cyberattack that hackers from Ukraine purportedly carried out. The assault caused a "503 Service Unavailable" error and made VGTRKs Rossiya24 news channel and website inaccessible. The unprecedented attack on VGTRKs digital infrastructure was recognised by Kremlin spokesperson Dmitry Peskov, who also stated that experts were looking into the matter. Given that Thursday was also Russian President Vladimir Putins 72nd birthday, the Ukrainian source speculated that the hackers were attempting to "congratulate" him. Based on reports, VGTRK had to prepare for a protracted recovery as the attack reportedly disrupted internal services, internet broadcasting, and maybe erased servers. Russian officials presented the event as a component of the Wests "hybrid war." Read More..

B2B Tech News | 1 years ago          

CrowdStrike Expands Marketplace with Over 260 Cybersecurity Solutions from 140 Partners

Almost 260 cybersecurity solutions from 140 leading technology partners, including AWS, NVIDIA, and Zscaler, are now available through CrowdStrikes en

Almost 260 cybersecurity solutions from 140 leading technology partners, including AWS, NVIDIA, and Zscaler, are now available through CrowdStrikes enlarged CrowdStrike Marketplace. This extension allows clients to get customised, Falconintegrated solutions through resellers like CDW, GuidePoint Security, and Optiv. The Marketplace Private Offer program now includes more solution providers. Designed to reduce complexity and improve security results, the Marketplace was introduced in 2023 to assist organisations in getting the most out of their cybersecurity investments by combining several products into a single platform. As breaches increasingly occur in minutes, the Marketplace provides a contemporary, efficient method for clients to improve their cybersecurity stack. It does this by integrating industryleading solutions, speeding up timetovalue, and guaranteeing more robust defence against everevolving cyberthreats. Read More..

B2B Tech News | 1 years ago          

Infinix Launches AI Platform with Folax Virtual Assistant to Power NextGen Devices

To improve AI capabilities across its smartphones, Infinix has unveiled Infinix AI, a platform. Folax, a virtual assistant powered by external AI like

To improve AI capabilities across its smartphones, Infinix has unveiled Infinix AI, a platform. Folax, a virtual assistant powered by external AI like GPT4o, Gemini, and proprietary models, is the main attraction. It can handle text, speech, and picture inputs. Folax was introduced with additional artificial intelligence capabilities, such as Live Texts, which summarise material from documents and photos, and Writing Tools, which improve grammar and style. Other creative tools, such as Magic Create and Visual Look Up, provide contextual information based on photographs. To put Infinix AI on par with systems like Samsungs Galaxy AI, the business also released regionspecific AI Wallpaper, AI Eraser, and AI Sketch. Read More..

B2B Tech News | 1 years ago          

Foxconn to Build World’s Largest Manufacturing Facility for Nvidias AIPowered GB200 Chip

Benjamin Ting, senior vice president of cloud enterprise solutions at Foxconn, stated that the company is building the largest manufacturing facility

Benjamin Ting, senior vice president of cloud enterprise solutions at Foxconn, stated that the company is building the largest manufacturing facility globally for Nvidias GB200 chip, a vital part of the AIdriven Blackwell platform. This facility will assist in meeting the rapidly increasing demand for Nvidias artificial intelligence technologies. Foxconn, wellknown for assembling Apples iPhones, has increased server production to exploit the AI surge. Ting emphasised the solid collaboration with Nvidia while highlighting the massive demand for the Blackwell platform. Young Liu, the chairman of Foxconn, stated that Nvidias GB200 server architecture depends on the companys cuttingedge cooling solutions. Read More..

B2B Tech News | 1 years ago          

ADT Inc. Reports New Cybersecurity Breach Involving ThirdParty Credentials

Using credentials from a thirdparty business partner, a rogue actor penetrated the home security company ADT Inc. network, which revealed another cybe

Using credentials from a thirdparty business partner, a rogue actor penetrated the home security company ADT Inc. network, which revealed another cybersecurity compromise on Monday. A similar breach involving consumer order information occurred months before this incident. An attacker could get encrypted internal data connected to staff accounts, notwithstanding ADTs belief that neither security systems nor personal customer information were hacked. Along with working with federal law enforcement and cybersecurity specialists, the corporation has closed the access and started an investigation. Additionally, ADT has instituted safeguards, which have caused some systemic difficulties. Upon hearing the news, ADTs stock fell 1.8%. Read More..

B2B Tech News | 1 years ago          

Tokyo Metro Sets IPO Price Range at 1,1001,200 Yen, Targeting $2.35 Billion Raise

Tokyo Metro has disclosed a price range for its IPO, which is somewhat higher than the first expected price of 1,100 yen per share and is set between

Tokyo Metro has disclosed a price range for its IPO, which is somewhat higher than the first expected price of 1,100 yen per share and is set between 1,100 and 1,200 yen. The IPO would raise around 349 billion yen $2.35 billion if priced at the maximum limit, making it the biggest in Japan in the previous six years. The ultimate pricing will be decided on October 15 before the October 23 listing on the Tokyo Stock Exchange. Tokyo Metro was founded in 1920 and is controlled by the national and Tokyo governments. In related developments, Bain Capitalbacked chipmaker Kioxia has cancelled its plans to list this month, and Rigaku, a provider of Xray testing tools, plans to do the same. Read More..

B2B Tech News | 1 years ago          



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5.  Approximately 8 billion gadgets connect on the internet every day.
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