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Capital One to Acquire Discover Financial Services in $35.3 Billion AllStock Deal

With a $35.3 billion allstock deal, Capital One, backed by Warren Buffett, aims to purchase Discover Financial Services to build a massive worldwide p

With a $35.3 billion allstock deal, Capital One, backed by Warren Buffett, aims to purchase Discover Financial Services to build a massive worldwide payments company. With the purchase, which is anticipated to be subject to intense antitrust examination, the United States would have its sixthlargest bank by assets, making it a strong competitor in the credit card market, facing up against JPMorgan Chase and Citigroup. The merged business will be owned by Capital One stockholders to the tune of 60%, with Discovers shareholders receiving a premium of 26.6% over Fridays closing price. Pretax synergies of $2.7 billion are expected to be produced by the acquisition by 2027 due to cost reduction and network savings. But with more eyes on bank mergers, regulatory clearance is expected to be difficult, especially with the Biden administrations emphasis on fostering competition. Read More..

B2B Tech News | 2 years ago          

Googles Chrome 123 Beta Testing New Feature to Protect Against Malicious Websites Exploiting Private Network Vulnerabilities

Google is testing a new feature to stop rogue websites from exploiting holes in devices and services on users private networks. In Chrome 123, a "Priv

Google is testing a new feature to stop rogue websites from exploiting holes in devices and services on users private networks. In Chrome 123, a "Private Network Access protections" feature will perform security checks before permitting a public website to send a users browser to another website on their private network. It first queries whether the internal device allows access and checks requests from secure contexts. The connection is closed if there is no reply. Developers will receive alerts in the DevTools dashboard even during the warning phase, giving them time to make changes before more stringent enforcement. This invention aims to protect against assaults that target servers and devices on internal networks, which are typically thought to be secure from threats originating from the internet. Read More..

B2B Tech News | 2 years ago          

Leonardo Partners with Italian Ministry of Defence for MILSCA Project, Advancing Military Space Cloud Architecture

The Ministry of Defence and Leonardo, the stateowned aerospace and defence firm in Italy, have stated that they will work together to investigate MILS

The Ministry of Defence and Leonardo, the stateowned aerospace and defence firm in Italy, have stated that they will work together to investigate MILSCA, Europes groundbreaking military space cloud architecture project. MILSCA aims to provide Italys military and government with direct access to advanced cloud, artificial intelligence, and computing resources from space. Leonardo will collaborate with Telespazio and Thales Alenia Space during a twoyear research period, utilising their aerospace sector knowledge. With its highspeed capabilities and extensive data storage on Earth and space, MILSCA will enable smooth access to critical data, including communication, earth observation, and navigation data. Leonardos strategic objectives align with its dedication to space sector improvements, which it supports through linked digital platforms that serve military and security activities. Read More..

B2B Tech News | 2 years ago          

Vi Enhances Network Capacity in Kerala, Karnataka, Punjab, and Haryana for Improved Connectivity

To keep up with the changing digital landscape, wellknown telecom company Vi has expanded its network capacity across Kerala, Karnataka, Punjab, and H

To keep up with the changing digital landscape, wellknown telecom company Vi has expanded its network capacity across Kerala, Karnataka, Punjab, and Haryana. Improved network quality and quicker speeds are anticipated for nearly three crore Vi subscribers, with enhancements including spectrum rollout and capacity augmentation. With this programme, Vi demonstrates its dedication to easing the shift to a digitalfirst society and enabling users to use digital services for work, learning, socialising, and enjoyment. Chief Technology Officer of Vi, Jagbir Singh, highlighted the companys commitment to improving customer experience and connectivity to support Indias digital revolution. Vi still provides many digital services, such as Vi Movies & TV, to enhance its users digital experiences. Read More..

B2B Tech News | 2 years ago          

Lockbit Cybercrime Gang Disrupted in International Law Enforcement Operation

Effort Cronos, a unique multinational law enforcement effort spearheaded by the NCA, FBI, and Europol, has successfully dismantled the infamous cyberc

Effort Cronos, a unique multinational law enforcement effort spearheaded by the NCA, FBI, and Europol, has successfully dismantled the infamous cybercrime gang Lock bit. Taking over Lockbits extortion website, the operation affected more than 1,700 organisations worldwide. Lockbit used ransomware attacks as part of its business strategy, threatening to release stolen data unless a ransom was paid. Despite the interference, Lockbit asserts that the procedure has not impacted its backup servers. The group has no political allegiance and functions as a profitdriven organisation. Its interruption is seen as a significant win against cybercrime. The threat from law enforcement to Lockbits affiliates represents a significant loss for the underground realm of cybercrime. Read More..

B2B Tech News | 2 years ago          

Microsoft to Invest $2.1 Billion in AI and Cloud Infrastructure Expansion in Spain

Microsoft has disclosed plans to invest $2.1 billion over the next two years to develop its cloud computing and artificial intelligence AI infrastruct

Microsoft has disclosed plans to invest $2.1 billion over the next two years to develop its cloud computing and artificial intelligence AI infrastructure in Spain. This news comes soon after Microsoft recently announced a €3.2 billion $3.45 billion investment aimed at artificial intelligence in Germany over the next two years. Microsoft President and Vice Chair Brad Smith stressed that the investment in Spain is more than just building data centres. It highlights Microsofts 37year dedication to Spain, its security measures, and its continuous efforts to bring digital change to the nations enterprises, government, and populace. Microsoft did not immediately provide any further information on the investment. Read More..

B2B Tech News | 2 years ago          

Google Commits €25 Million to AI Education Initiative in Europe

Google GOOGL.O has committed €25 million $26.98 million to advance AI education in Europe to mitigate any disparities that the advantages of AI may

Google GOOGL.O has committed €25 million $26.98 million to advance AI education in Europe to mitigate any disparities that the advantages of AI may worsen. The programme, unveiled on Monday, accepts proposals from NGOs and social entrepreneurs to help those potentially benefit from AI training. Google intends to hold "growth academies" in addition to financing to help businesses scale their operations using AI. The tech behemoth has added 18 additional languages to its free online AI training classes library. The Centre for Public Impacts Executive Director, Adrian Brown, emphasised that inclusion must be ensured to keep anybody from being excluded from AIs effects. Read More..

B2B Tech News | 2 years ago          

DRC Calls for Modern Investors to Boost Mineral Sector Growth

At the 30th Mining Indaba summit in South Africa, the Director General of the Democratic Republic of the Congos Regulatory Authority for Subcontractin

At the 30th Mining Indaba summit in South Africa, the Director General of the Democratic Republic of the Congos Regulatory Authority for Subcontracting in the Private industry emphasised that the country actively seeks contemporary investors to join its mineral industry. While expressing a preference for partners that share its objective of sustainable economic progress, the nation is open to all investors. Miguel Kashal Katemb singled out Canadian mining behemoth Ivanhoe Mines as an exemplar of a "modern investor." The Democratic Republic of Congo DRC seeks to distribute its mining wealth fairly, focusing on entrepreneurship and job development under President Félix Tshisekedi. Read More..

B2B Tech News | 2 years ago          



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