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Rakuten Group Set to Issue $1.8 Billion in 3Year Senior Notes

The Japanese ecommerce giant Rakuten Group 4755.T revealed intentions to issue $1.8 billion in 3year senior notes with an interest rate of 11.25% in U

The Japanese ecommerce giant Rakuten Group 4755.T revealed intentions to issue $1.8 billion in 3year senior notes with an interest rate of 11.25% in U.S. dollars. With a total principal outstanding of $1.75 billion, the money raised will be utilised to fully buy back the companys 10.25% senior notes and 3.546% senior notes, both of which are due in 2024. The corporation increased its tender offers to cover all outstanding notes of both series and the ones it had previously made to repurchase them. Read More..

B2B Tech News | 2 years ago          

Market Selloff Hits AI Companies After Disappointing Quarterly Results

When Microsoft, Alphabet, and Advanced Micro Devices released their quarterly results below investor expectations, the stock values of several AIrelat

When Microsoft, Alphabet, and Advanced Micro Devices released their quarterly results below investor expectations, the stock values of several AIrelated firms saw a sharp decrease. The selloff emphasises the elevated anticipations stoked by the latest AIdriven surge in the stock market. Alphabets 5.6% decline was ascribed to higher data centre expenses to support its artificial intelligence initiatives and lowerthanexpected ad income for the December quarter. While Advanced Micro Devices stock sank 6% after missing projections for its Q1 sales, Microsofts stock declined 0.7% despite exceeding analyst estimates. Extended trade also showed a drop in Nvidias shares, which had risen on confidence about AI. Read More..

B2B Tech News | 2 years ago          

Indian Database Breach Personal Information of 750 Million Exposed

According to reports, a significant data breach has compromised the personal information of millions of people worldwide, affecting 85% of Indians and

According to reports, a significant data breach has compromised the personal information of millions of people worldwide, affecting 85% of Indians and making it the largestever breach of its sort. The Aadhaar card numbers, names, cellphone numbers, residences, and other personal information of 750 million Indians are compromised, according to research by the Indian cybersecurity company CloudSEK. Due to the exposure of individuals unique Aadhaar identifying numbers, the breached database—which is for sale on Telegram and Breach Forums—raises serious privacy and data security issues, especially for Indian users who may be at risk of identity theft, financial fraud, and cybercrime. The data is being sold by UNIT8200 and CyboDevil, two distinct cybercrime gangs, for $3,000. Read More..

B2B Tech News | 2 years ago          

TSMC Plans Second Chip Plant in Japans Kumamoto Prefecture

The largest contract chip manufacturer in the world, Taiwan Semiconductor Manufacturing Co. TSMC, is considering constructing a second facility in Kum

The largest contract chip manufacturer in the world, Taiwan Semiconductor Manufacturing Co. TSMC, is considering constructing a second facility in Kumamoto Prefecture, Japan. A formal announcement on the second factorys site is anticipated in February. To boost the prefectures economy in southwest Japan, TSMC plans to invest around 2 trillion yen, or $17.2 billion, in the new factory. On the other hand, possible problems, including traffic congestion and groundwater contamination, have drawn attention. Read More..

B2B Tech News | 2 years ago          

Cybersecurity Move U.S. Government Takes Action Against "Volt Typhoon"

"Volt Typhoon," a Chinese hacker outfit, purportedly had its networks interrupted by the U.S. government. The reported participation of this organisat

"Volt Typhoon," a Chinese hacker outfit, purportedly had its networks interrupted by the U.S. government. The reported participation of this organisation in efforts to breach essential infrastructure in the West, such as utilities, internet service providers, and naval ports, has alarmed intelligence authorities. There are worries that these hackers could be attempting to compromise American preparedness if China invades Taiwan. Volt Typhoons interruption is interpreted as reacting to the groups possible danger. The persistent cyber tensions between China and the United States are brought to light by this occurrence. Read More..

B2B Tech News | 2 years ago          

Germany Poised to Approve EUs AI Act Following Compromise

According to Volker Wissing, Germanys Digital Minister, a compromise has been found, and the country will accept the European Unions AI Act. To provid

According to Volker Wissing, Germanys Digital Minister, a compromise has been found, and the country will accept the European Unions AI Act. To provide a legal framework for the advancement of AI, the EU had already secured a tentative agreement on AI regulations in December. This compromise, which avoids unreasonable requirements and focuses on building reliable AI while improving for small and mediumsized firms, is deemed acceptable. Since AI is so important to many industries, the move is necessary for maintaining future competitiveness. Read More..

B2B Tech News | 2 years ago          

Italy Launches Enrico Mattei Plan with €5.5 Billion Investment in Africa

Giorgia Meloni, the prime minister of Italy, introduced the Enrico Mattei plan, an African development project designed to tackle migratory concerns,

Giorgia Meloni, the prime minister of Italy, introduced the Enrico Mattei plan, an African development project designed to tackle migratory concerns, at the opening of the ItalyAfrica summit. Italy intends to provide an initial €5.5 billion $5.95 billion for the initiative, with agriculture, energy, healthcare, and education projects to be carried out in partnership with African countries. With the EUs prohibition on Russian energy supply, the Mattei plan seeks to establish Italy as a significant European energy centre. The project addresses the underlying reasons for migration and emphasises how continents are interrelated, promoting an equitable partnership with Africa. Read More..

B2B Tech News | 2 years ago          

Teradyne Relocates $1 Billion Manufacturing Out of China Over U.S. Export Rules

Teradyne, a provider of semiconductor testing equipment, has shifted production worth around $1 billion out of China due to export laws from the Unite

Teradyne, a provider of semiconductor testing equipment, has shifted production worth around $1 billion out of China due to export laws from the United States. In response to U.S. regulations implemented in October 2022 that limited exports to semiconductor manufacturing facilities in China, the business moved production from a plant in Suzhou, which served as its primary manufacturing location for semiconductor test equipment. Teradyne experienced problems with its supply chain since some of its approved vendors would not ship to the firm. The action is part of a more significant push by American businesses to depend less on China in the face of regulatory constraints and geopolitical unrest. Read More..

B2B Tech News | 2 years ago          



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Refresh Your Facts

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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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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