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Dazheng GroupLed Consortium Makes Bold $1.8 Billion Bid for Hollysys Automation Technologies

A consortium led by Chinas Dazheng Group Acquisition is putting up a $1.8 billion allcash offer to buy the wellknown automation and control technology

A consortium led by Chinas Dazheng Group Acquisition is putting up a $1.8 billion allcash offer to buy the wellknown automation and control technology supplier Hollysys Automation Technologies. The bid, priced at $29 per share, is 9.4% more than Ascendent Capitals December offer. The consortium, which consists of GA Technologies and TFI Asset Management, wants to purchase all outstanding shares that arent already held. This action comes after a previous August offer by a group led by Recco Control Technology and Dazheng Group for $25 per share. Regarding the most recent bid, Hollysys Automation Technologies has yet to respond. The purchase represents a significant change in the industrys automation and control technologies ownership structure. Read More..

B2B Tech News | 2 years ago          

Chip Giant Nvidia Makes Record $15 Million Contribution to Aid Victims of IsraelHamas Conflict

By contributing $15 million to Israeli and international nonprofit organisations that assist people impacted by Israels conflict with the Palestinian

By contributing $15 million to Israeli and international nonprofit organisations that assist people impacted by Israels conflict with the Palestinian terrorist group Hamas, American chipmaker Nvidia and its workers have made an enormous impact. This remarkable gift, the most significant humanitarian fundraising in Nvidias 30year history, was donated in reaction to the ongoing violence. The $5 million total contribution from the companys employees, who come from over 30 nations, was matched by Nvidia and increased to $15 million. This project was a component of a scheme to help individuals affected by the fighting. Nvidia acknowledged the wide range of assistance from its worldwide workforce and emphasised their sincere concern and care. Read More..

B2B Tech News | 2 years ago          

Russian Enterprises Face SpearPhishing Attacks by Cloud Atlas Threat Actor

The threat actor Cloud Atlas, also going by the aliases Clean Ursa, Inception, Oxygen, and Red October, has been connected to many spearphishing assau

The threat actor Cloud Atlas, also going by the aliases Clean Ursa, Inception, Oxygen, and Red October, has been connected to many spearphishing assaults directed at businesses in Russia. Since at least 2014, Cloud Atlas has been engaged in ongoing cyber espionage operations, focusing on Russia and other nations. Phishing emails containing enticing documents that used the Equation Editor CVE201711882 vulnerability in Microsoft Office were used in the most recent assaults. Over time, the groups strategies and tactics have changed, but it still uses practical ways to compromise targets. The recent assaults made use of PowerShower, a PowerShellbased backdoor. Read More..

B2B Tech News | 2 years ago          

Meta Platforms Hit With €5.85 Million Fine in Italy Over Gambling Ads

In Italy, Facebooks parent company, Meta Platforms, was fined €5.85 million $6.45 million for violating a law prohibiting gambling promotion. The pe

In Italy, Facebooks parent company, Meta Platforms, was fined €5.85 million $6.45 million for violating a law prohibiting gambling promotion. The penalties relate to Instagram and Facebook accounts, pages, and sponsored material that advertised games or betting with actual money awards. This comes after YouTube and Twitch were recently penalised for similar offences by Italys communications watchdog, AGCOM. Twitch was fined €900,000, and YouTube was fined €2.25 million. Read More..

B2B Tech News | 2 years ago          

India Harnesses AI for Climate Models to Boost Weather Forecasting

Given the increasing frequency and severity of catastrophic weather occurrences in the nation, India is investigating the application of artificial in

Given the increasing frequency and severity of catastrophic weather occurrences in the nation, India is investigating the application of artificial intelligence AI to improve climate models for better weather forecasting. To provide more affordable, higherquality prediction data, the India Meteorological Department IMD is exploring artificial intelligence AI to create climate models and warnings. The IMD is already using AI to notify the public of heatwaves and illnesses like malaria. The IMD anticipates being able to give higherresolution data for predictions with an enlarged observation network and AI, which is essential for a nation with a significant agriculture industry, a vast population, and many poor people. Read More..

B2B Tech News | 2 years ago          

Apple in Talks with Publishers for Generative AI Material, Offers Multiyear Deals Worth $50M

According to reports, Apple has started negotiating with significant news and publishing companies to obtain permission to utilise their content to cr

According to reports, Apple has started negotiating with significant news and publishing companies to obtain permission to utilise their content to create generative AI systems. Sources claim the corporation has made multiyear agreements for at least $50 million to license the news item archives. Apple has contacted publishers who publish People, the Daily Beast, Better Homes & Gardens, Condé Nast, NBC News, and IAC. Although several publishers have shown little interest in the proposal, Apple intends to use generative AI in several applications, which might enhance the devices fundamental capabilities. Read More..

B2B Tech News | 2 years ago          

GM Temporarily Removes U.S. EV Tax Credit Eligibility for Cadillac Lyriq and Chevrolet Blazer EV

Starting on January 1, General Motors GM has stated that the U.S. electric car tax credit will no longer be available for the Cadillac Lyriq and Chevr

Starting on January 1, General Motors GM has stated that the U.S. electric car tax credit will no longer be available for the Cadillac Lyriq and Chevrolet Blazer EV. GM said that as of January 1, only its Chevrolet Bolt EV would qualify for the consumer EV tax credit. The firm stated that two small components are causing the two impacted cars to lose their credit, and it intends to move on with plans to get qualifying components in the first part of 2024. GM anticipates that in early 2024, the Lyriq and Blazer EV will again be eligible. This month, the U.S. Treasury released rules outlining additional limitations on battery procurement meant to lessen dependency on foreign components, particularly those originating from China. Read More..

B2B Tech News | 2 years ago          

Honda Recalls 4.5 million Vehicles Globally Over Fuel Pump Failure Risk

About 4.5 million cars worldwide are being recalled by Honda Motors American division owing to the possibility of a fuel pump failure. In the US, 2.54

About 4.5 million cars worldwide are being recalled by Honda Motors American division owing to the possibility of a fuel pump failure. In the US, 2.54 million automobiles are part of this recall. The recall is connected to the problem of Honda recalling cars in the US in 2020 and 2021. In early February, we will see notifications to owners of the impacted vehicles from the business that intends to repair the fuel pump module. The recall covers many vehicles, including the Honda Accord, Civic, CRV, HRV, Insight, Ridgeline, Odyssey, Passport, and several Acura models. Read More..

B2B Tech News | 2 years ago          



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