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PlayStation Network Faces Global Outage, Affecting Users on All Platforms

An international outage impacting users of all platforms—PS5, PS4, PS3, and PS Vita—is being experienced by the PlayStation Network PSN. Players c

An international outage impacting users of all platforms—PS5, PS4, PS3, and PS Vita—is being experienced by the PlayStation Network PSN. Players cannot use online features or start certain games because services like PlayStation Store, PlayStation Plus, and account management are unavailable. Sony acknowledged the problem on its PSN Service Status website regarding games, applications, and network services. PSN connectionrequired singleplayer and multiplayer games have also been affected by reported interruptions from users in many areas, including India. There is no specified timeframe for Sonys efforts to fix the issue. That being said, PSNindependent offline games can still be played. As Sony works on the problem, updates are anticipated. Read More..

B2B Tech News | 1 years ago          

Stellantis Lowers Annual Guidance Amid Intensified Competition from Chinese EV Makers

Stellantis NV has downgraded its yearly outlook, citing deteriorating global industry circumstances and heightened competition from Chinese electric v

Stellantis NV has downgraded its yearly outlook, citing deteriorating global industry circumstances and heightened competition from Chinese electric vehicle producers for the modification. The FrenchItalian automaker expects fewer sales in most regions during the years second half. After being initially predicted to be positive, its industrial free cash flow is now expected to be between 5 billion and 10 billion euros, a considerable decrease. In addition, Stellantis has lowered its profit margin estimate from double digits to a range between 5.5% and 7.0%. The organization intends to intensify its efforts to address performancerelated concerns in North America. This came after VW issued similar profit warnings, which increased scrutiny of the European auto industry. Read More..

B2B Tech News | 1 years ago          

TotalEnergies Expands U.S. Natural Gas Footprint with 45% Stake Acquisition in Eagle Ford Basin

An increasing alliance between nonbank lenders and traditional banks within the $2 trillion private credit industry is indicated by Citigroup and Apol

An increasing alliance between nonbank lenders and traditional banks within the $2 trillion private credit industry is indicated by Citigroup and Apollo Globals announcement of a $25 billion program for direct lending and private credit. Mubadala Investment Company of Abu Dhabi and Apollos Athene division will also be involved in the program. This initiative comes when funding sources for firms considering significant buyouts are finding private credit—which lends to riskier borrowers without subjecting them to the strict controls that banks do—to be more and more critical. Previously perceived as a rival to banks, private credit companies are now more likely to collaborate with them, taking advantage of their client networks while lowering risk. First, North America will be the primary focus, with the possibility of expanding globally. Read More..

B2B Tech News | 1 years ago          

UBS Explores Joint Venture with 360 One WAM to Tap into India’s Growing Wealth Management Market

In an effort to reach more highnetworth individuals HNWIs in India, UBS and Mumbaibased 360 One WAM are in talks to form a joint venture in the wealth

In an effort to reach more highnetworth individuals HNWIs in India, UBS and Mumbaibased 360 One WAM are in talks to form a joint venture in the wealth management industry. With a current concentration on ultrahighnetworth people, this partnership highlights the potential for expansion in Indias wealth management industry, which is estimated to reach $429.1 billion in 2023 and increase at a compound annual growth rate of 4.6% between 2025 and 2029. UBS wants to buy up to a 26% share in the new business. As of June, the company had $4 trillion in assets invested globally. Although initial discussions have occurred, UBS has not made a choice regarding its partner. After a prior agreement in Japan, this venture would be UBSs second equity partnership in the AsiaPacific area. Read More..

B2B Tech News | 1 years ago          

Diriyah GigaProject Secures Nearly $1 Billion in Deals with European Firms Amid Foreign Investment Surge

According to its CEO, Jerry Inzerillo, Diriyah, one of Saudi Arabias significant gigaprojects, has closed about $1 billion in transactions with Europe

According to its CEO, Jerry Inzerillo, Diriyah, one of Saudi Arabias significant gigaprojects, has closed about $1 billion in transactions with European companies and aggressively seeks more foreign investment. Located close to Riyadh at a UNESCO World Heritage site, this $63 billion project is a part of the Public Investment Funds PIF efforts to diversify the oildependent economy. With plans to invest another 12 billion riyals in 2023, the PIF has already committed almost 20 billion riyals $5.33 billion to Diriyah in 2023 and 2024. Inzerillo indicated ongoing discussions with several foreign investors interested in equity positions in real estate projects. Despite past scepticism regarding Saudi Arabias ambitious economic transformation, there is a notable surge in foreign investment interest as projects like Diriyah become tangible realities. Read More..

B2B Tech News | 1 years ago          

Reliance Power Considers Stake Sales and Fundraising as Part of Renewable Energy Expansion

Reliance Power, an Indian company, stated on Friday that as part of its corporate expansion strategy, it may look into raising capital, possibly by se

Reliance Power, an Indian company, stated on Friday that as part of its corporate expansion strategy, it may look into raising capital, possibly by selling stakes to institutional investors. At its board meeting on October 3, the electric utility firm will assess other funding possibilities, including equity sales and foreign currency convertible bonds. This action comes after the business was permitted to raise $183 million, or 15.25 billion rupees, through preferential allotment. Reliance Power wants to raise money to finance its shift into the renewable energy industry. The Navi Mumbaibased company recently stated that it has settled debts of 38.72 billion rupees, meaning it has no bank debt. A $3 million punishment and a fiveyear securities market ban await Reliance Group chairman Anil Ambani about financial diversion allegations. Read More..

B2B Tech News | 1 years ago          

Googles NotebookLM Update Boosts Research Efficiency with YouTube and Audio File Integration

Users experience with Googles AI notetaking tool, NotebookLM, has improved with a significant update. Thanks to the updated features, users can now us

Users experience with Googles AI notetaking tool, NotebookLM, has improved with a significant update. Thanks to the updated features, users can now use audio files and YouTube videos as research and notetaking sources. By adding publicly accessible YouTube video URLs, users can allow the AI to produce transcripts for indepth analysis and to highlight important points. Moreover, transcription services for audio files facilitate extracting pertinent information from recorded lectures and meetings for professionals and students. Together with enhanced shareability for Audio Overviews, the update also adds the capability to generate study guides using handwritten notes and lecture slides. These improvements aim to make research more accessible for scholars, journalists, and students. Read More..

B2B Tech News | 1 years ago          

ByteDance Shifts to Huawei Chips for New AI Model Amid U.S. Export Restrictions

TikToks parent firm, ByteDance, plans to use Huawei Technologies chips to create a largelanguage AI model because the United States has export limitat

TikToks parent firm, ByteDance, plans to use Huawei Technologies chips to create a largelanguage AI model because the United States has export limitations on advanced AI chips like Nvidias. This change underlines ByteDances decision to turn to domestic vendors for AI technology, even if shipments of the Ascend 910B processor from Huawei have been restricted to less than 30,000 of the over 100,000 orders placed this year due to supply issues. Though not as powerful as its existing Doubao model, the new AI model demonstrates ByteDances increasing focus on AI, as evidenced by the companys notable engagement with its AI applications, which include a chatbot with over 10 million monthly users. Although fresh model development is denied, the action highlights ByteDances calculated reaction to outside pressure. Read More..

B2B Tech News | 1 years ago          



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